IIM Ranchi IPM Admission 2023: Revamps Admission Criteria; PI Round in July 2023 in 5 Cities; Check USPs, Eligibility, Fee, Selection Process

IIM Ranchi joined IIM Indore and IIM Rohtak, following the success of 5 year Integrated Programme in Management and had launched multidisciplinary IPM programme with integrated BBA+MBA degree in 2021. The IPM 2023-28 is the third batch and the admission is based on IIM Indore IPMAT 2023 exam which was held on June 16, 2023. Application for IIM Ranchi IPM Admission 2023 has closed on May 16, 2023 and based on IPMAT 2023 score, IIM Ranchi is beginning its PI round in July 2023 in five cities in offline mode.

IIM Ranchi is the fifth IIM to have entered the Undergraduate management education segment. IIM Ranchi has an intake of 120 IPM Seats. The final selection process consists of PI round for the shortlisted candidates based on IPMAT score. Regarding the PI round for IPM admission 2023, IIM Ranchi has informed, “The Personal Interview (PI) process is tentatively scheduled in the month of July 2023 at Mumbai, Delhi, Ranchi, Hyderabad, Bangalore and/or Chennai centres in offline mode. However the mode of PI Process and centres may be subject to change.”

From the academic session 2023-24, IIM Ranchi will accept only IPMAT exam, conducted by IIM Indore, for 5 year IPM admission and will NOT accept SAT score or any other entrance exam score. Confirming the change in admission for IPM 2023-28 batch onwards, IIM Ranchi has informed, “IIM Ranchi would like to inform that for admission into the IPM programme of IIM Ranchi batch of 2023-28 & onward, only scores of IPMAT (Conducted by IIM Indore) will be considered. Hence SAT Scores will no longer be accepted for admission in IPM Programme of IIM Ranchi for the batch of 2023-28 & onward.”

Read this exclusive MBAUniverse.com article to know IIM Ranchi USPs, IPM Fees, IPM Eligibility criteria, IPM Admission 2023 process and more.  

Table of Contents

1. What is IIM Ranchi IPM?
2. IIM Ranchi IPM: Key Highlights & USPs
3. IIM Ranchi IPM Program: Academic Structure
4. IIM Ranchi IPM Fees
5. IIM Ranchi IPM Eligibility Criteria
6. IIM Ranchi IPM Seats
7. IIM Ranchi IPM Admission Process 2023
8. IIM Ranchi IPM Important Dates

1. What is IIM Ranchi IPM?
Five Year Integrated Programme in Management (IPM) offered by IIM Ranchi, is a Dual Degree Programme for Young Students. IPM is a combination of 3 years undergraduate degree + 2 years MBA degree programme. The programme is meant for young students who have passed class 12 and have managerial and leadership aspirations. IPM carries the IIM Ranchi brand ensuring good career growth in management career. After 3 years of study schedule, the IPM students become the part of IIM Ranchi MBA batch leading to high placements.

IIM Ranchi 5 Year Integrated Program in Management also offers exit option after completion of 3 years with bachelor’s degree -  Bachelor of Business Administration (BBA). Those who continue for next two years also and complete the 5 year IPM programme are awarded Master of Business Administration (MBA) degree by IIM Ranchi. The IPM Placements at IIM Ranchi will be conducted alongwith its MBA programme.

2. IIM Ranchi IPM: Key Highlights & 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 # 15 in Govt. of India MHRD NIRF Ranking 2022 among top 125 B-schools and was Ranked # 16 in MBAUniverse.com Ranking 2022 among top 100 Management institutes.
• 2.2 Awards Degree  instead of 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 IPM Fees: IIM Ranchi IPM 2023-28 fee is Rs.33.50 lakhs. The Fees may be revised upwards at the time of making final admission offer
• 2.4 IIM Ranchi IPM Placements: The 1^st IPM Batch at IIM Ranchi will pass out in 2026. However, IIM Ranchi has a consistent record of strong MBA placements. Average salary in Placement 2022 was Rs. 16.17 LPA and highest domestic salary was Rs.32.21 LPA.
• 2.5 Top Recruiters: IIM Ranchi is a favourite placement destination for top companies. Top recruiters in Placement 2022 included Accenture, Asian Paints, Airtel, Dell, Godrej, Deloitte, J P Morgan, L&T, Cognizant, EY, Flipkart, KPMG, HSBC, Aditya Birla, Tata Steel, Gail, DE Shaw, Capgemini, ONGC
• 2.6 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, Finland, South Korea, Russia, Taiwan, Thailand, Bangladesh.
• 2.7 Accomplished Faculty: IIM Ranchi has well-qualified internal faculty complemented by carefully selected adjunct faculty with considerable industry or domain expertise.
• 2.8 Multi Disciplinary Programme: IIM Ranchi IPM has a multidisciplinary foundation. The first four terms will expose you to knowledge borrowed from humanities, social sciences, arts, mathematics, and natural sciences. In the rest of the program in the first three years, you will learn from the various business disciplines, i.e., management, marketing, accounting, finance, information systems, economics, operations, and strategy. All of this will lay a solid base on which the MBA program will build and prepare you for the world of business and give you the tools to succeed and excel.

3. IIM Ranchi IPM Program: Academic Structure
According to IIM Ranchi, the 5 year integrated programme in management is designed to provide a multidisciplinary foundation borrowing from humanities, social sciences, arts, and sciences. The program’s cross-disciplinary business core builds on such a foundation.

“IPM comprehensively covers management, marketing, accounting, finance, economics, information systems, data science, and strategic management. Lectures, classroom discussions, experiential lessons, case analyses, simulations, group projects, internships, and mentorships create a learning environment that is active and immersive,” says IIM Ranchi.

Additionally, the IIM Ranchi 5-Year Integrated Programme (IPM) offers life-skill courses that focus on their holistic development as professionally and socially responsible individuals. Students will get the opportunity to learn and grow in a premier business school and develop capabilities that send signals to the marketplace. 

4. IIM Ranchi 5 Year IPM Fees: Rs.33.50 Lakhs
The total IIM Ranchi IPM fees for the first three years of the program will be around INR 16 Lakhs. The IPM fees for the next two years will be equal to the MBA program fees set for that year. The present MBA Fees at IIM Ranchi is Rs.17.50 lakhs. Accordingly total IPM Fees at IIM Ranchi is Rs.33.50 lakhs. These fees do not include hostel room rent and mess charges.

5. IIM Ranchi IPM Eligibility Criteria
Key requirements in IIM Ranchi IPM eligibility criteria 2023 are:

• Candidates should have passed the 10th standard/Secondary/SSC Examination and the 12th standard/Higher Secondary/HSC Examination (or equivalent) with 60% (55% for candidates from SC/ST/PwD) or more marks
• The percentage of marks obtained by the candidate in the 10th and the 12th standard would be calculated based on the Board’s regulations.
• There will not be any age limit for the applicants in IIM Ranchi IPM 2023 eligibility
• There are some relaxations for SC/ST candidates in IIM Ranchi IPM Eligibility criteria 
• Candidates appearing in class 12 or waiting for result can also apply

6. IIM Ranchi IPM Seats
The intake for IIM Ranchi IPM 2023-28 batch would be 120 seats. Reservation would be applicable as per GoI regulations after meeting the minimum IIM Ranchi IPM eligibility criteria. 

7. IIM Ranchi IPM Admission 2023
IIM Ranchi IPM Admission 2023 will be based on IPMAT 2023 exam scores, a written ability test, a personal interview, and overall academic performance at the secondary and the higher secondary levels. Applicants are required to take the IPMAT conducted by IIM Indore. Read More

IIM Ranchi has announced that it will no longer accept Scholastic Assessment Test (SAT) score with effect from the academic session 2023-24. IIM Ranchi IPM Admission 2023 application process is entirely online. The application fee for IIM Ranchi Integrated Programme in Management was INR 2500 (INR 1250 for applicants belonging to the reserved categories).

7.1 How to Apply for IIM Ranchi IPM Admission 2023
Although the application process for admission is closed, the Step by Step process to apply for IIM Ranchi 5 year IPM Admission 2023 is detailed below:

• Apply Online as soon as possible to avoid the last minute rush.
• Fill the correct information in each field of application form. Please note that no email or other communication regarding modification in application will be entertained by IIM Ranchi.
• Candidates are required to fill the information very carefully and must cross check before making the application fee payment and final submission.
• IIM Ranchi application fees for IPM Admission 2023 for General, EWS & NC-OBC categories is Rs. 2500/- and is Rs. 1250/- for SC, ST & DAP Categories.
• Once the candidate has made the payment of application fees, no modification in the application form will be allowed and in all such cases, the candidate has to cancel the application form and re-apply using a different email id and will have to pay the application fees again.
• Candidate who have been awarded Grades or CGPA for Class X or Class XII should fill equivalent percentage of marks as per the instructions of their respective board.
• After the successful submission of the application form, the candidate is required to re-login and update the IPMAT 2023 (Conducted by IIM Indore) Application Number by 5:00 PM till 31st May 2023
• Candidates who do not update their IPMAT 2023 Application number by the deadline, his/her application will be cancelled and no email or other communication will be entertained in this regard.
• Keep on checking your registered email id (including Spam, Promotion etc. folder), IIM Ranchi website, and registered mobile number for any update/notification from IIM Ranchi.
• For IPM 2023-28 of IIM Ranchi only IPMAT 2023 (Conducted by IIM Indore) score will be accepted.

7.2 Stagewise IIM Ranchi IPM Admission 2023 Process
IIM Ranchi IPM Admission Process for its 5-Year Integrated Programme is completed in four stages as under:  

• Stage 1 – Completed Applications reviewed
• Stage 2 - Candidates shortlisted based on IPMAT score are invited for Personal Interview (PI) round
• Stage 3 –Personal Interview (PI) will be held in offline mode in July 2023
• Stage 4 – Final Admission Offer to the candidates shortlisted for admission 2023

7.3 IIM Ranchi IPM Admission 2023: Personal Interview Centres
IIM Ranchi will conduct Personal Interview (PI) process for IPM admission 2023 in the month of July 2023 at Mumbai, Delhi, Ranchi, Hyderabad, Bangalore and/or Chennai centres in offline mode. However, the mode of PI Process and centres may be subject to change.

8. IIM Ranchi IPM Admission 2023 Important Dates

Event	Timeline
Admission Process Start Date	April 8, 2023
Deadline for applying to the IIM Ranchi IPM	May 16, 20223 till 5 PM
IIM Ranchi IPM Application Fees	Rs.2500/-
Last date to Update IPMAT 2023 Application Number	May 31, 2023 till 5 PM
IIM Ranchi PI round dates for IPM Admission 2023	July 2023
Program commencement dates	August 2023

8.1 Exit option after 3 years of IIM Ranchi 5-Year Integrated Programme

Candidates can exit the IIM Ranchi Integrated Programme in Management with a BBA degree after 3 years on successful completion of all the course requirements.

Established in December 2009 by Government of India, Indian Institute of Management Ranchi is the 9th in IIM family. It was the first IIM to offer a specialized MBA-HRM course. IIM Ranchi currently offers a 2 year MBA in General management; 2 year fulltime MBA Human Resources Management (MBA-HRM), 2 Year full time MBA in Business Analytics (MBA-BA); PhD in Management and other Executive and Post Doctoral programs in Management. IIM Ranchi has emerged as one of the fastest growing IIMs with a combined strength of 500 students in various programs..

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