IIM Ranchi Admission 2024: High RoI B-School to Award 40% Weight to CAT Score in Final Selection; Check USPs, Eligibility, Criteria, Fees, Placement

IIM Ranchi, Ranked # 24 in NIRF Rankings 2024 among top MBA colleges in India, is a high RoI B-school. IIM Ranchi has registered 7% hike in average salary which has gone up at Rs.17.30 LPA in Placement 2023 for MBA 2021-23 batch while the 2 years program fees, despite its increase remains moderate at Rs.17.20 lakhs as against the fees of 20 to 25 lakhs for other IIMs and top B-schools. IIM Ranchi 2-year MBA Program is a full-time residential course and CAT 2023 is the mandatory exam for admission at IIM Ranchi. Besides, IIM Ranchi is the pioneer in offering the 2 years full time MBA in Human Resource Management as it was the first IIM to launch such program. 

IIM Ranchi is participating in Common Admission Process (CAP) which comprises Online PI Round and is common for all the 10 IIMs which are participating in CAP 2024. CAT 2023 percentile score is the sole criteria for shortlisting for CAP round.

IIM Ranchi Admission 2024 Highlights
Key highlights for IIM Ranchi MBA Admissions 2024 including IIM Ranchi Fees Structure, Placements, Courses Offered are as below:

Programs Offered	MBA; MBA-HR; MBA-BA
Exams & Score Cut offs	CAT 2023 (94%ile for CAP Shortlisting)
IIM Ranchi MBA Fees	Rs.17,20,000
Placements 2023	Highest Package: Rs.35.50 LPA Average Package: Rs.17.30 LPA Highest International Package: Rs.67 LPA
NIRF Ranking 2023	Ranked # 24 among top 125 B-schools.
IIM Ranchi Shortlist Criteria 2024	Common Shortlist for CAP 2024 with minimum 94 percentile in CAT 2023
IIM Ranchi Final Selection Criteria	40% Weight to CAT 2023 Score; 30% Weight to PI Round in CAP 2024; Profile 30% weight

Based on the performance in CAP round and other components like CAT 2023 score, academics, diversity, work experience, final merit list will be prepared by IIM Ranchi for MBA admission 2024.

Read below all about the IIM Ranchi admission criteria 2024, key USPs of IIM Ranchi, cut offs, programs offered, Fees, Placements and more

Table of Contents

1. IIM Ranchi Admission 2024-26: Key Changes
2. IIM Ranchi: Key Highlights and USPs
3. IIM Ranchi Leadership
4. IIM Ranchi Programs offered
5. IIM Ranchi Fees
6. IIM Ranchi Intake
7. IIM Ranchi Placements 2023
8. IIM Ranchi Eligibility criteria 2024
9. IIM Ranchi Admission Application Process 2024: How to Apply?
10. IIM Ranchi Admission 2024: Important Dates
11. IIM Ranchi Cut off
12. IIM Ranchi Admission Criteria 2024: Exam Accepted, Selection Process
13. Role of IIM-CAP 2024 in IIM Ranchi Admission 2024
14. IIM Ranchi MBA Admission 2024: Step by Step Process

1. IIM Ranchi Admission 2024: Key Changes

• Overall CAT cut off up at 94 percentile in shortlisting
• Sectional Cut off is up at 73 percentile in shortlisting
• 40% Weightage to CAT score will be awarded in final selection 2024
• IIM Ranchi will participate in Common Admission Process (CAP), comprising PI round and conducted for new IIMs for final selection
• 30% Weight goes to Profile in generating final merit list for admission
• 30% Weight goes to PI Round

1.1 IIM Ranchi Admission 2024 through IIM CAP 2024: Key Details
For MBA admission 2024 in following 10 new & baby IIMs, a Common Admission Process (CAP) will be conducted by IIM Kashipur. Registration process for CAP 2024 begins in the last week of January 2024 and the CAP round begins in February 2024. All the IIMs will follow common criteria at first stage shortlisting for CAP 2024

List of IIMs Participating in CAP 2024
The CAP round is organized for the IIMs which started operation in 2010-11 and for the new generation IIMs that started operating in 2015-16.  It is the final selection round comprising common PI process for following 10 IIMs which are participating in CAP 2024:

• IIM Udaipur
• IIM Tiruchirappalli
• IIM Kashipur
• IIM Raipur
• IIM Ranchi
• IIM Nagpur
• IIM Bodh Gaya
• IIM Jammu
• IIM Sambalpur
• IIM Sirmaur

2. IIM Ranchi: Key Highlights and USPs
Indian Institute of Management (IIM) Ranchi is the second generation IIM set up in 2010 and has grown up to one of the top B-schools in India. The Key highlights and USPs of IIM Ranchi are:

• 2.1 Highly Ranked: IIM Ranchi is ranked # 24 in Govt. of India MHRD NIRF Ranking 2023 among top 125 Management Institutes in India. In MBAUniverse.com B-School Ranking 2024, IIM Ranchi is ranked #25 among top MBA colleges in India.
• 2.2 Member of International Accreditation Bodies: IIM Ranchi is a member of prestigious International Accreditation bodies – AACSB and EFMD
• 2.3 Awards MBA Degree instead of PG Diploma: IIM Ranchi is now empowered with the legal authority to award MBA degree for its Post Graduate Programmes in Management instead of diploma 
• 2.3 IIM Ranchi Intake: MBA programmes at IIM Ranchi have an intake of 350+ students. IIM Ranchi seats are expected to increase further for 2024-26 batch  
• 2.4 IIM Ranchi Fees: IIM Ranchi Fees for MBA, MBA-HRM, MBA-BA programs is Rs.17.20 lakhs. The fee is lower than is charged by other top IIMs and many top B-schools
• 2.5 IIM Ranchi Placement 2023: IIM Ranchi Placement 2023 has registered 7% hike in Average salary which has gone up at Rs.17.30 LPA from Rs.16.17 LPA last year. Highest salary has gone up at Rs.35.50 LPA
• 2.6 Top Recruiters: IIM Ranchi is a favourite placement destination for top companies. Top recruiters in Placement 2023 included Accenture, Deloitte, Amazon, Dell, Godrej, J P Morgan, L&T, Cognizant, EY
• 2.7 Diverse MBA Programs: IIM Ranchi offers wide range of MBA programs including MBA (General), MBA-HR, MBA-BA, 5 year IPM among other management programs with diverse specializations.
• 2.8 International Exchange: IIM Ranchi has student exchange tie-ups with ten top business schools across the globe. The Partner B-schools are located in USA, France, Greece, South Korea, Russia, Taiwan, Thailand, Bangladesh.
• 2.9 Accomplished Faculty: IIM Ranchi has well-qualified internal faculty complemented by carefully selected adjunct faculty with considerable industry or domain expertise.

3. IIM Ranchi Leadership
IIM Ranchi is led by its newly appointed Director, Professor Deepak Kumar Srivastava. He took over charge as full time Director of IIM Ranchi August 18, 2022 from outgoing Director In-charge, Prof. Pradip Kumar Bala, who is also a full time Professor and Dean, Academic Affairs and Development at IIM, Ranchi.

Prior to joining IIM Ranchi, Prof Srivastava was Dean (Academics) and Professor in Strategy Area at IIM Tiruchirappalli. He has more than 20 years of academic experience. He has held various assignments at many foreign universities, including the Universidad Panamericana, Mexico; Coggin College of Business, University of North Florida, (USA); Turku University, Turku (Finland) among others. Prof Srivastava had served as a member on the Board of Governors (BoG) of IIM Ranchi. He regularly contributes to leading newspapers, where he writes about emerging public policy issues. 
 

4. IIM Ranchi Programs offered
IIM Ranchi offers following Management programs

• Two Years full time Residential MBA
• Two Years full time Residential MBA-Human Resources
• Two Years full time Residential MBA-Business Analytics
• Five Year full time Residential IPM Programme offering BBA+MBA
• Two Years Hybrid Executive MBA with Online & Offline classes for Working Professionals
• Doctoral Programmes (PhD and Executive PhD) programmes

The programmes are offered for graduates from all disciplines who wish to choose a career in management subject to the candidates satisfying the eligibility criteria and other key requirements.

5. IIM Ranchi Fees: Rs.17.20 lakhs

• IIM Ranchi Fees payable by MBA, MBA-HR and MBA-BA students of Resident Indian Category is Rs 17,20,000/-.
• In addition, students have to pay Rs.20,000 as Caution Deposit; Rs.10,000 as Alumni Fee and Rs. 21,000 per term towards Mess expenses
• Laptop computer, text books, Insurance, personal expenses on travel, clothes and laundry are extra.

6. IIM Ranchi Intake: 350+ students
IIM Ranchi batch size is 350+ students. There are 70+ students in MBA HRM batch, 30 Students in MBA-Business Analytics and 260 in MBA programme. The batch size may further go up in 2024.

7. IIM Ranchi Placements 2023
IIM Ranchi has a consistent record of high placements. For six years in a row IIM Ranchi has maintained its upward trend in placements. IIM Ranchi is consistently keeping its students industry ready to get high domestic as well as international placements. This year again, IIM Ranchi has completed 100% placement 2023 with students getting high placement packages from 178 companies. Sales & Marketing emerged as the most preferred functional area, closely followed by Strategy & Consulting, Operations, IT Analytics and Finance. The season saw lateral offers being extended by recruiters to students with prior work experience.

IIM Ranchi MBA 2021-23 Batch Placement: Highlights

• 124 prominent companies visited the campus this year and extended offers to students of the MBA 2021-23 batch of IIM Ranchi.
• Highest Domestic Salary in Placement 2023 goes up at Rs.35.50LPA from Rs.32.21 LPA last year
• Highest International Salary has gone up at Rs.67 LPA in placement 2023
• Average Salary has gone up by 7% at Rs.17.30 LPA from Rs.16.17 LPA last year
• PPOs offered: 76
• 2021-23 Batch Size increased to 399 students from 253 students in 2020-22
• Median Salary in Placement 2023 goes up at Rs.16.50 LPA from Rs.15.50 LPA last year
• Average Salary for Top 25 percent goes up at Rs.24 LPA in Placement 2023 from Rs.22.02 LPA last year
• Top Recruiters: Tata Steel, Wells Fargo, JP Morgan & Chase, Maruti Suzuki, American Express, State Street, Yes Bank, Tolaram Group, Nomura, Amazon, Accenture, McKinsey
• Top Recruiting domain: Sales & Marketing, Operations, Strategy & Consulting, IT, Analytics, Finance are the top recruiting domains Read More

8. IIM Ranchi Eligibility criteria 2024

• 8.1 IIM Ranchi Eligibility criteria require that the candidate must hold a bachelor's degree of minimum 3 years duration after class 12, with at least 50% marks or equivalent CGPA (in case of the candidate belonging to SC/ST/PwD category, the eligibility criterion is relaxed to 45%
• 8.2 One of the most important points in IIM Ranchi Admission Eligibility criteria is that apart from a recognized graduate degree, the candidate should appear in CAT 2023 exam and must score minimum prescribed sectional and overall score to be considered for shortlisting
• 8.3 If the candidate is awarded grades/CGPA instead of marks, the equivalence to determine PGP admission eligibility would be based on the equivalence certified by the institution/university from where the bachelor's degree is obtained. In case the institution/university does not have any scheme for converting the CGPA into equivalent marks, the equivalence would be established by IIM Ranchi by dividing the obtained CGPA by the maximum possible CGPA and multiplying the resultant by 100 to confirm the Admission eligibility of the candidate. 
• 8.4 A candidate appearing for the final year bachelor's degree/equivalent qualification examination and those who have completed the degree requirements and are awaiting results is also eligible to apply for IIM Ranchi Admission 2024. Such a candidate must produce a certificate from the principal/head of the department/ registrar/director of the institution/university certifying that the candidate is currently in the final year or is awaiting final results and has obtained at least 50% marks or equivalent (45% in case of the candidate belonging to SC/ST/PwD category) based on latest available grades/marks.
• 8.5 IIM Ranchi Eligibility further clarifies that such a candidate, if selected, will not be eligible for the IIM Ranchi admission unless he/she submits a certificate latest by June 30, 2024 from the principal/head of the department/registrar/director of the institution/university (issued on or before June 30, 2024) stating that they have completed all the requirements (the result may, however, be awaited) for obtaining the bachelor's degree/equivalent qualification on the date of issue of the certificate.
• 8.6 It is mandatory for a final year student, who is provisionally considered eligible by IIM Ranchi and offered admission, to submit the mark-sheet and degree certificate of the final year bachelor's degree examination held on or before June 30, 2024.  The deadline to submit the mark-sheet and the certificate is December 31, 2024. 

9. IIM Ranchi Admission Application Process 2024: How to Apply?
Submission of Application for IIM Ranchi Admission 2024 is a two step process. The first one is to apply for CAT 2023 based on which IIM Ranchi will consider you for next round of admission process and second is to register separately for IIM-CAP 2024 for IIM Ranchi admission 2024. Let us understand each step:

Step-1: CAT 2023 registration process had started from August 2, 2023. Candidates had to apply for CAT 2023 by the last date of September 21, 2023. Check below the key points in IIM Ranchi admission application process through CAT 2023:

• It is mandatory to register and apply for CAT 2023 for IIM Ranchi Admission 2024
• On the page 4 of CAT 2023 application form, you needed to select IIM Ranchi MBA, MBA-HR, MBA-BA and select the interview city

Step-2:  In the last week of January 2024, after declaration of CAT 2023 exam result, registration for Common Admission Process (CAP) will open. You need to register for CAP round to participate in PI-WAT process at the official IIM CAP website.

9.1 IIM Ranchi Application Fees
IIM Ranchi has not prescribed any separate application fee. The CAT 2023 registration & Application fee includes the IIM Ranchi application fees, as detailed below

Category of Applicant	CAT 2023 Registration & Application Fees	IIM Ranchi Application Fees
General	Rs.2400/-	NA
SC/ST/PwD	Rs.1200/-	NA

10. IIM Ranchi Admission 2024: Important Dates
All the candidates who have registered and applied for CAT 2023, who have opted for admission in IIM Ranchi in the CAT 2023 application form, and score the required cut off percentile, will be considered for next stage of IIM Ranchi Admission criteria.  Important dates related to admission activities 2024 at IIM Ranchi are as below:

IIM Ranchi Admission activity	Important dates	Remarks
Admission 2024 Application Starts	August 2, 2023 (10 AM)	Apply for CAT 2023- tick on the IIM Ranchi MBA program, choose preferred interview cities in the application form. No extra application fees to be paid.
Last date to Apply	September 21, 2023	Was extended by few days
CAT 2023 Exam	November 26, 2023	At 160 test cities in three slots on same day
Shortlist Announcement for PI-WAT (CAP Round)	January, 2024 last week	For the Common Admission Process (CAP) 2024
Final selection (PI-WAT) round start date	February 2024	CAP 2024 is common for 10 new & baby IIMs and Will continue till March 2024
Submission of Confirmation of Interest online	March 2024	After CAP round 2024 is over
Final Admission Offer	April/May 2024	After receiving admission offer, confirm acceptance
Session Commencement	July 2024	Selected Candidates to register online and pay acceptance fee before orientation

11. IIM Ranchi Cut off
IIM Ranchi Cut offs 2024 are same as prescribed in IIM CAP shortlisting criteria. Only the candidates above the minimum cut-offs in the CAT 2023 sectional percentile ranks, the overall percentile rank and obtaining a positive (greater than zero) raw score in all sections of CAT-2023 are considered for shortlisting. 

 

The table below indicates the minimum performance expected from candidates to be shortlisted for the PI. However, achieving the cut-off percentile in CAT is a necessary but not sufficient condition for being shortlisted by IIM Ranchi.

Category	Section-1 VARC	Section-2 DILR	Section-3 Quant	Overall CAT 2022 Percentile
General	73	73	73	94
EWS	50	50	50	77
NC-OBC	50	50	50	77
SC	44	44	44	60
ST	25	25	30	40
DAP	25	25	30	40

Only the candidates meeting the cut-off criteria would be considered for shortlisting. The minimum requirement to be fulfilled by the candidates for being considered for shortlisting for PI is CAT 2023 cut off with 73 sectional and 94 overall percentile. These are the minimum prescribed cut offs which will be used for shortlisting purpose only and do not imply entitlement as the actual cut off may go higher or lower as per the decision of the admission committee.

The individual CAT 2023 sectional percentile and the overall percentile may be lowered/relaxed, if the actual number of shortlisted candidates are found to be less than the required number of candidates to be called for PI in one or more categories. The relaxation in the cut-off criteria is to ensure sufficient number of candidates for each of the categories for PI process.

12. IIM Ranchi Admission Criteria 2024: Exam Accepted, Selection Process
IIM Ranchi Admission 2024 is a five-stage process

• Stage 1: Shortlist Release for CAP 2024 Round after CAT Result declaration
• Stage-2: Conduct of PA Round comprising Personal Interview (PI). The PA process will be common to IIMs which are participating in the Common Admission Process (CAP) 2024
• Stage-3: The Final Selection List based on CAT score, CAP Score and other parameters
• Stage-4: Offer for Provisional Admission for the MBA 2024-26 batch
• Stage-5: Reporting for joining the MBA 2024-26 program

Stage-I:  IIM Ranchi Shortlisting Criteria 2024
IIM Ranchi will shortlist the candidates on the basis of CAT 2023 score, and other parameters for final selection round as under:

• The shortlisting for final selection round in IIM Ranchi Admission Criteria awards maximum weight to CAT 2023 score.
• The candidate must have scored minimum sectional percentile of 73 in each of the three sections of CAT 2023 – Quantitative Aptitude' (QA), ‘Data Interpretation & Logical Reasoning' (DILR) and ‘Verbal and Reading Comprehension' (VRC)
• A candidate must have scored minimum overall percentile of 94 in CAT 2023
• If the candidate does not score minimum prescribed percentile in CAT 2023, he/she will not be considered for shortlisting for final selection stage.
• IIM Ranchi Admission Committee decides the number of candidates who would be shortlisted for PA round on the basis of criteria prepared for each category
• All the Candidates shortlisted for PA process have to attend PI which is a common process for all the participating IIMs

Stage-2: IIM Ranchi Final Admission Selection Process: CAP Round

• All the shortlisted candidates should participate in Personal Appearance (PA) round for admission to IIM Ranchi
• Final Selection Round 2023 for IIM Ranchi Admission consists of Online Personal Interview (PI)
• The final selection PA round for IIM Ranchi Admission will be common for the IIMs who are participating in the Common Admission Process (CAP) 2024.

Stage-3: IIM Ranchi Final Selection List based on CAT score, CAP Score and other parameters
The scores obtained by the candidate in PA process of CAP 2024 would be considered for preparing the merit list

• The scores obtained by the candidate in PI of CAP 2024 would be considered for preparing the final merit list
• IIM Ranchi admission criteria after final admission round award a weight of 40 per cent to CAT 2023 Score; 30% weight to Personal Interview(PI); 30% weight to Profile
•  Minimum cut off may be applied to PI components. Candidates who do not obtain certain minimum scores in the PI will not be considered for the merit list. The minimum scores will be decided by IIM Ranchi at its discretion.

IIM Ranchi Final Selection Criteria Weights for Admission 
IIM Ranchi Final Admission offers would be made after the completion of the PI process based on a Consolidated Merit List (CML), which will be prepared on the basis of the following components and their corresponding weights:

Component	Weightage Percentage	Remarks
CAT 2023 Score	40	CAT Score to be used and not the CAT Percentile
Personal Interview (PI)	30	Min 15 out of 50 marks with 30% weight required for PI
Profile	30	Includes Weight for Academics, Work Ex, Diversity
Total	100	Calculated as Consolidated Merit Score

Profile: Components & Weightage
The components included in profile with a weight of 30% in final selection round are as under:

Profile Component	Weightage marks out of 30	Weightage parameter
Academic Profile	13	4 marks each if scored 85%+ in Class X, XII & 5 marks for Graduation
Work Experience	7	Maximum weightage for work experience between 25-30 months
Academic Diversity	5	5 Marks for Non-Engineering Graduates
Gender Diversity	5	5 Marks to female & transgender, no marks to male
Total Marks	30	Overall Profile Weightage

Stage-4: Offer for Provisional Admission for the MBA 2024-26 batch
IIM Ranchi will issue provisional admission offer on registered e-mail ID of the selected candidates after generating the final merit list in April last week/May first week 2024. You need to accept the admission offer online and should pay the admission fee by the stipulated date to avoid cancellation of candidature.

Stage-5: Reporting for joining the MBA 2024-26 program
IM Ranchi will notify and will send the communication to report at the institute to complete the joining formalities. The academic session is likely to commence in the first week of July.

13. Role of IIM-CAP 2024 in IIM Ranchi Admission 2024
IIM Ranchi Admission criteria 2024 is based on Common Admission process (CAP) 2024. IIM Ranchi will have the same shortlisting criteria as that of all 10 participating IIMs for Common Admission Process (CAP) 2024 while CAT 2023 is the mandatory exam to be considered for shortlisting by IIM Ranchi.

13.1 CAP 2024: Key Points 
IIM Ranchi participates in Common Admission Process (CAP) which is the PI round, conducted for admission to new IIMs. Last year 9 IIMs participated in the process and the number has increased to 10 IIMs for CAP 2024 as IIM Nagpur has joined the CAP 2024.  Admission to the MBA Programmes at IIM Ranchi for the year 2024-26 batch shall constitute the following parameters under Common Admission Process (CAP):

• CAT 2023 Examination: Valid CAT score, as applicable
• Common eligibility criteria for shortlisting to PI process: IIM Ranchi shall have the same shortlisting criteria as that of all other participating IIMs for CAP-2024
• Personal Appearance (PA): Online Personal Interview after the shortlisting process is over
• Announcement of the final selection/merit list on the basis of the composite score arrived at using weightages as per valid CAT-2023 score, PI score, academic profile, work experience and diversity (gender/academic disciplines)

It is mandatory for the candidates who wish to pursue MBA from IIM Ranchi to appear in the CAT  exam. A balanced score in all the three sections of CAT and good academic profile is the key to get admission in IIM Ranchi. The MBA at IIM Raipur is a Master’s level programme, leading to the grant of a degree of Master of Business Administration (MBA).

14. IIM Ranchi MBA Admission 2024: Step by Step Process
The IIM Raipur admission process for MBA 2024-26 batch is based on following steps. IIM Ranchi admission policy applies only to the 2 years full time MBA programs admission for 2024-26 batch. 

• Step 1: The candidate must have appeared and scored the minimum required sectional and overall percentile in CAT 2023 to be considered for Shortlisting process for admission at IIM Ranchi. Category wise short-lists of the candidates are prepared for Personal Interview (PI) from among the candidates who have a valid CAT-2023 score, who have applied to the programme and who satisfy the eligibility criteria for the programme of IIM Ranchi.
• Step 2: Shortlisted Candidates have to attend Common Admission Process (CAP) 2024 for the participating IIMs. CAP 2024 will consist of PI round in final selection process. Candidates not meeting the minimum performance in PI will not be considered for the final selection.
• Step 3: After the PI round, admission offers are made by IIM Ranchi to successful candidates. The final selection is based on a diverse set of attributes which include performance in CAT, performance in PI, academics, work experience, diversity among others. Category wise merit list will be generated based on weightages awarded to various components.
• Step 4: Final Admission Offer will be made to the candidates in the last week of April 2024 on the basis of Final Merit Score and will be available on IIM Ranchi website. 
• Step 5: A candidate receiving admission offer from IIM Ranchi and accepting the offer within the stipulated date needs to send Offer Acceptance Form along with Offer Acceptance Fee 

There are many young students who wish to appear in CAT and apply for IIM Ranchi admission to pursue MBA but they are in the second year or third year of their bachelor’s degree course and are not eligible this year but can apply for IIM Ranchi admission 2025 through CAT 2024. For the last 2-3 years IIM Ranchi admission policy has remained on same lines and it is expected that the IIM Ranchi admission 2025 process will remain on similar lines as this year.

IIM Ranchi was established in 2010 and is the 9th in the IIM Family. It was the only IIM offering a specialized PGDHRM course. IIM Indore is the next IIM offering PGHRM now. IIM Ranchi currently offers diverse MBA degree programs including a 2 year MBA in General management; 2 year fulltime programme on Human Resources Management (MBA-HRM); MBA-Business Analytics (MBA-BA); 5 year full time Integrated Programme in Management (IPM) leading to award of BBA+MBA degree; Fellow Program in Management and 2 years Executive MBA for working professionals.  IIM Ranchi has also launched a certified Barefoot Manager program to promote entrepreneurship and to impart livelihood skills among the school drop outs and illiterates.

Hope you found this article with all the information on IIM Ranchi quite useful to decide on MBA admission 2024.

Stay tuned to MBAUniverse.com for more updates on IIM Ranchi