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IIM Ranchi (IIM-R)
Overview of IIM Ranchi
Indian Institute of Management Ranchi (IIM-R) was established in 2010 as part of the Indian government’s initiative to expand the IIM network across the country. IIM Ranchi is located in Ranchi, Jharkhand, a city known for its natural beauty and proximity to major industrial hubs in Eastern India. The institute focuses on providing a robust education in management with an emphasis on leadership, sustainability, and social responsibility.
Over the years, IIM Ranchi has gained a strong reputation for its academic excellence, diverse student body, and strong industry ties. The institute offers a range of programs, including its flagship Post Graduate Programme in Management (PGP), Executive Education, and Doctoral (FPM) Programmes.
1. Academic Programs at IIM Ranchi
IIM Ranchi offers a wide array of management programs to meet the needs of both fresh graduates and experienced professionals.
Post Graduate Programme in Management (PGP)
Duration: 2 years (Full-time)
Overview: The Post Graduate Programme in Management (PGP) at IIM Ranchi is designed to equip students with comprehensive management knowledge, strategic thinking, and leadership skills. The curriculum includes both core courses and elective courses in various management disciplines.
Core Subjects (First Year):
- Managerial Economics
- Organizational Behavior
- Marketing Management
- Corporate Finance
- Operations Management
- Business Ethics
- Business Communication
- Strategic Management
- Quantitative Methods
- Human Resource Management
Elective Subjects (Second Year):
- Advanced Corporate Finance
- Supply Chain Management
- Entrepreneurship and Innovation
- International Business
- Leadership and Change Management
- Marketing Analytics
- Data Analytics for Managers
- Sustainability and CSR (Corporate Social Responsibility)
Executive Post Graduate Programme in Management (EPGP)
Duration: 1 year (Full-time)
Overview: The Executive Post Graduate Programme in Management (EPGP) is designed for mid-level professionals with significant work experience. It focuses on leadership, strategic decision-making, and contemporary management issues.
Key Focus Areas:
- Strategic Management
- Leadership and Organizational Development
- Digital Transformation
- Global Business Strategies
- Financial Management for Executives
- Innovation and Entrepreneurship
Fellow Programme in Management (FPM)
Duration: 4-5 years (Full-time)
Overview: The Fellow Programme in Management (FPM) is the doctoral-level program at IIM Ranchi. It is aimed at students who wish to pursue careers in academia or research. The program focuses on developing deep expertise in specific management areas through rigorous research.
Specializations Offered:
- Finance and Accounting
- Marketing
- Operations Management
- Human Resource Management
- Strategy
- Entrepreneurship
Integrated Programme in Management (IPM)
Duration: 5 years (Full-time)
Overview: The Integrated Programme in Management (IPM) combines undergraduate and postgraduate education in management. It is aimed at students who have just completed their 12th grade and wish to pursue a career in management.
Courses Include:
- Foundation Courses: English, Economics, Statistics, Accounting, Mathematics, etc.
- Management Courses: Organizational Behavior, Marketing, Strategy, Finance, and Entrepreneurship.
Executive Education Programmes
IIM Ranchi offers a variety of Executive Education programs designed for working professionals, with special focus on leadership, digital transformation, and strategy.
- Key Programs:
- Advanced Management Programme (AMP)
- Leadership Development Programmes
- Data Science for Managers
- Finance for Executives
- Strategy and Innovation
2. Campus Details of IIM Ranchi
Location:
- IIM Ranchi is located in Ranchi, the capital of Jharkhand. The city offers a calm and conducive environment for academic pursuits. It is well-connected to major cities like Kolkata and Delhi through air, rail, and road, making it easily accessible for students and industry professionals.
Infrastructure:
- Classrooms: IIM Ranchi has state-of-the-art classrooms equipped with modern teaching aids such as projectors, video conferencing tools, and interactive boards to ensure an effective learning experience.
- Library: The library at IIM Ranchi is well-stocked with academic books, journals, and online resources to support research and learning.
- Hostels: The campus provides hostel accommodation for both male and female students with modern amenities, high-speed internet, and comfortable living spaces.
- Sports and Recreation: The campus has facilities for various indoor and outdoor sports, including cricket, basketball, football, table tennis, and badminton.
- Cafeteria: The campus cafeteria serves a variety of food options, including vegetarian and non-vegetarian meals, catering to diverse tastes.
- IT Infrastructure: The campus is equipped with high-speed internet, modern computer labs, and software tools for academic and research purposes.
Student Life:
- Student life at IIM Ranchi is vibrant, with numerous clubs, committees, and student-led initiatives. Students are actively involved in organizing events, participating in cultural activities, and taking part in sports.
Major Events:
- Aarohan: The annual management and cultural fest of IIM Ranchi, which includes competitions, workshops, and guest lectures by industry experts.
- The Ranchi Business Conclave: A significant platform for students to interact with business leaders and professionals.
- The Cultural and Sports Fest: An event where students showcase their talents in various cultural and sports activities.
3. Placement Information at IIM Ranchi
IIM Ranchi has an excellent track record when it comes to placements. The institute maintains strong industry connections, which enables students to secure top roles across industries.
Placement Process:
- Final Placements: The final placement process takes place in the second year of the PGP program. Companies from various sectors participate in the placement process, offering both leadership and entry-level roles.
- Summer Placements: Summer internships are conducted after the first year of the PGP program. These internships often lead to full-time offers.
Top Recruiters:
- Consulting: Deloitte, McKinsey & Company, KPMG, EY, PwC, etc.
- Investment Banking: Goldman Sachs, JP Morgan, Citi Bank, etc.
- Technology: Amazon, Google, Microsoft, IBM, Flipkart, etc.
- FMCG: Procter & Gamble, Unilever, Nestlé, ITC, etc.
- Startups: Byju’s, Swiggy, Zomato, etc.
Salary Statistics:
- Average Salary: The average salary for IIM Ranchi graduates typically ranges between INR 12-15 lakh per annum.
- Top Salary: Some graduates, particularly in consulting, investment banking, and technology sectors, have secured packages upwards of INR 25 lakh per annum.
- Placement Rate: The placement rate for IIM Ranchi is generally 100%, with students securing jobs within the placement period.
4. Eligibility for IIM Ranchi Programs
Eligibility for PGP (Post Graduate Programme in Management):
- Educational Qualification: A bachelor’s degree with at least 50% marks (45% for SC/ST/PWD candidates).
- Entrance Exam: Admission is through CAT (Common Admission Test). Shortlisted candidates are invited for Personal Interviews (PI) and Written Ability Tests (WAT).
Eligibility for Executive Post Graduate Programme in Management (EPGP):
- Work Experience: Typically requires 5+ years of work experience.
- Educational Qualification: A bachelor’s degree or equivalent in any discipline.
- Entrance Exam: Candidates must have a valid GMAT or GRE score. Work experience and academic qualifications are also considered in the selection process.
Eligibility for FPM (Fellow Programme in Management):
- Educational Qualification: A master’s degree or equivalent with at least 60% marks (or a 4-year bachelor’s degree with at least 60% marks).
- Entrance Exam: Admission is based on GMAT, GRE, or CAT scores (depending on the program). Shortlisted candidates are called for personal interviews.
5. Fee Structure (Approximate)
PGP (Post Graduate Programme in Management):
- The fees for the entire 2-year program are approximately INR 14-16 lakh, including tuition, hostel, and other expenses.
EPGP (Executive Post Graduate Programme in Management):
- The fees for the entire 1-year program are approximately INR 18-20 lakh.
FPM (Fellow Programme in Management):
- There are typically no tuition fees for FPM students, but stipends are provided to cover living expenses.
IIM Ranchi, though a relatively young institution, has quickly established itself as a leading business school in India. Its emphasis on leadership development, entrepreneurship, sustainability, and social responsibility gives it a distinctive edge. With a beautiful campus, state-of-the-art facilities, a strong academic curriculum, and excellent placement records, IIM Ranchi provides students with a world-class learning environment. The institute’s focus on preparing students for dynamic leadership roles ensures that its graduates are well-equipped to succeed in the global business landscape.
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