IIM Ranchi Placement 2019: Records Average Salary of Rs.15.02 LPA; International package up at Rs.58 LPA

Monday, April 08 2019
IIM Ranchi Placement 2019
IIM Ranchi has concluded Placement 2019 for its large PGDM and PGDHRM 2017-19 batch. The institute has recorded higher international salary package at Rs.58.10 LPA with highest domestic salary at Rs.26 LPA. Average salary stood at Rs.15.02 LPA. More than 100 companies participated in the Placement 2019 at IIM Ranchi.

Remaining consistent in keeping its students industry ready to get higher domestic as well as international placements, IIM Ranchi has concluded its placement 2019 with students getting  international placement with higher salary at Rs.58.10 LPA in 2019 as against Rs.57 LPA last year. IIM Ranchi Placements have left behind many of its peers in completing of placement process 2019.

For four years in a row, IIM Ranchi has maintained its successful trend in placements. Releasing the final placement 2019 report IIM Ranchi has shared that it has completed its final placement for the 2017-19 batch having 181 students in PGDM and 63 students in PGDHRM. 127 companies that visited IIM Ranchi for campus Placement 2019 included 82 new recruiters. 

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IIM Ranchi: Placement 2019 Highlights

PGDM 2017-19

  • Highest International Salary - Rs.58.10 LPA
  • Highest Domestic Salary – Rs.26 LPA
  • Average Salary – Rs.15.02 LPA
  • Batch Size – 181 students
  • Total Recruiters – 88
  • First Time Recruiters – 58

PGDHRM 2017-19

  • Highest Domestic Salary – Rs.21 LPA
  • Average Salary – Rs.14.52 LPA
  • Batch Size – 63 students
  • Total Recruiters – 39
  • First Time Recruiters – 24

Key Placement trends
The 8th placement season at IIM Ranchi, the 9th Indian Institute of Management has seen a rise in number of recruiters, first time recruiters, highest salary and average salary despite a large batch size among new IIMs. More than 100 companies have participated in placements, offering diverse roles in the functional areas of Sales & Marketing, Finance, Operations & General Management, IT & Analytics, Strategy & Consulting and Human Resource Management.

Largest Batch size
There were 244 students who participated in Placement 2019 as against 185 students participating in placement last year. Out of the 244 students, 181 are in PGDM 2017-19 batch and 63 students are in PGDHRM 2017-19 batch. The total batch size during last four years has increased from 156 students in 2016 to 244 students in 2019. The batch size is expected to increase further for PGDM & PGDHRM 2019-21 batch.

Placement batches
Batch size
Number of recruiters
New Recruiters
PGDM 2017-19
181
88
58
PGDM 2016-18
134
89
52
PGDM 2015-17
118
75
48
PGDM 2014-16
122
61
22
PGDHRM 2017-19
 63
39
24
PGDHRM 2016-18
 51
52
34
PGDHRM 2015-17
 47
39
22
PGDHRM 2014-16
 38
24
13

Placement 2019: Analysis of Salary Trends  
The highest domestic and the average salary in IIM Ranchi placement 2019 has gone down slightly. However, beating the slowdown in placement offers, the placement season 2019 for the students at IIM Ranchi saw a successful placement with a rise in international salary package over last year.

Highest & Average Salary for PGDM 2017-19 at a glance
A comparative analysis of Placement packages for PGDM over the last 4 years is detailed below:  (Rs.in lakhs)

Placement year
Highest salary (International)
Highest Salary (Domestic)
Average salary domestic
2019
58.10
26
15.02
2018
57
30
15.09
2017
57
26
14.86
2016
55.23
25.5
14.80

PGDHRM 2017-19
IIM Ranchi was the only IIM to offer a specialized 2-year course in Human Resource Management (PGDHRM) till IIM Indore started similar course last year. The course structure is designed by the NHRDN and is continuously updated with the help of top academicians and industry experts.

The batch of 2017-19 witnessed a high salary packages although the highest and average salary has remained lower than last year. PGDHRM 2017-19 batch of IIM Ranchi has 63 students as against 51 students last year. Students who participated in placement 2019 made their worth felt in the industry by bagging top offers from some of the biggest names in the country.

Highest & Average Salary for PGDHRM 2017-19 at a glance
A comparative analysis of Placement packages for PGDHRM over the last 4 years is detailed below: (Rs.in lakhs)

Placement year
Highest Salary
Average salary
2019
21
14.52
2018
21
14.67
2017
19
13.78
2016
20.2
13.49

Average Salary at IIM Ranchi: 5 Years Placement Analysis
Following table shares the average salary in last five placement seasons at IIM Ranchi:

Programme
PGDM
PGDHRM
Average Salary 2019 (Rs.in lakhs)
15.02
14.52
Average Salary 2018 (Rs.in lakhs)
16.07
14.67
Average salary 2017 (Rs.in lakhs)
15.24
13.78
Average salary 2016 (Rs. In lakhs)
15.14
13.49
Average salary 2015 (Rs. In lakhs)
13.40
12.60

Top recruiters in Placement 2019
IIM Ranchi placement 2019 witnessed the return of major brands and prominent associations like Accenture, Berger Paints, Bosch, Capgemini, Cognizant, DS Group, Emami, GAIL, Google, ICICI, IBM, HP, JP Morgan Chase, L&T, ONGC, RPG, Samsung R&D, Sony Pictures, Tata Steel, Yes Bank and many more.

There has also been a significant rise in the number of first-time associations, with organizations like Anand Rathi, Ernst & Young, Flipkart, PeopleStrong, Quikr, Raymond and Yatra, participating in recruitment process.

Domain wise Placements
Sales and Marketing was most preferred functional area for IIM Ranchi graduates. Students had equal preferences for other domains like Consulting, Finance, IT & Analytics, Strategy, Operations and General Management.

Sales & Marketing: 32% share in Placement 2019
Sales & Marketing emerged as the highest recruiting function in Placement 2019 with 32% of the batch getting placed in it. IT & Analytics contributed 22% followed by Finance with 20% share, Strategy & Consulting 14% and Operations 12% share.

Diverse offers
Diverse profile offers were made to the IIM Ranchi students during the placement 2019 by the recruiters. In Sales & marketing domain the offers were made for Campaign Manager Cluster Manager Digital Marketing Director-Agile Sales Marketing Manager Presales Consultant Product and Brand Manager Regional Sales Manager Sales Manager

In finance domain offers were made for Asset Management, Corporate Wealth Management, Finance Analyst, Group Investment Management, Regulatory Capital Management, Relationship Banking, Valuation

Consulting, Analytics and IT had offers for roles as Account Strategist Business Strategist Corporate Strategy IT Consulting Management Consulting. In operations domain offers were made for Supply Chain Management, Project Management, Strategic Sourcing & Procurement, Operations Management, Customer Success Manager 

Offers were made to PGDHRM students on Compensation & Benefits, HR Analytics, HR Business Partner, HR Consultant, HR Operations, Industrial Relations, Learning & Development, Performance Management, Talent Acquisition among others.

Sharing on the successful completion of Placement 2019 season, Prof. Shailendra Singh Director, IIM Ranchi said “The Institute prepares its students to be industry-ready; they are also nurtured to be humble citizens and future leaders. Students of IIM Ranchi consistently make their presence felt in various avenues, be it academics, placements or extracurricular activities like sports and corporate competitions. Our faculty members from industry and academia follow a participant-centred learning approach, including case studies, simulations and field visits. The academic curriculum followed at the Institute is regularly upgraded to enhance the knowledge and lateral thinking capabilities of our students, while keeping them in tandem with the current industry standards and requirements.”

IIM Ranchi was established in 2010 and is the 9th in the IIM Family. The B school currently offers a 2 year PGDM in General management and 2 year fulltime programme on Human Resources Management (PGDHRM), Fellow Program in Management and 18 month part time Diploma in Management (PGEXP). 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.

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