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Indian Institute of Management - Ranchi
Indian Institute of Management - Ranchi

IIM Ranchi Placements 2023: Highest Package went up to INR 35.5 Lakhs

Ranchi, Jharkhand

IIM Ranchi Placements 2023 attracted students from diverse academic backgrounds, including engineering, sciences, commerce, and economics. The MBA program at IIM Ranchi achieved exceptional placement outcomes with a total of 399 students receiving offers from 124 prominent recruiters. It includes renowned companies such as Adani, Cisco, TVS, Reliance Retail, Mahindra, and Microsoft. The highest domestic and international CTCs recorded at IIM Ranchi were INR 35.5 Lakhs and INR 67 Lakhs, respectively. The average CTC for MBA graduates at IIM Ranchi stood at INR 17.3 Lakhs.

The MBA-HR program at IIM Ranchi witnessed 69 students securing offers from 29 recruiters. The highest domestic CTC at IIM Ranchi reached an impressive figure of INR 32.2 Lakhs, with an average CTC of INR 16.3 Lakhs. The MBA-BA program also garnered recognition from esteemed organizations such as American Express, Cognizant, EXL, and Sony Pictures. Over 30 students received offers, with the highest domestic CTC of INR 22.3 Lakhs. The average CTC at IIM Ranchi for these graduates was INR 16.4 Lakhs.

In the IIM Ranchi summer internships 2023, 93 recruiters extended offers to 221 students. The internships provided invaluable experiential learning opportunities and a chance for students to showcase their skills. The average stipend for the course interns stood at INR 1.16 Lakhs, with the highest stipend offer reaching an impressive figure of INR 3 Lakhs.

MBA-HR summer internships at IIM Ranchi proved to be highly rewarding with 69 students securing offers from 31 recruiters across various sectors. The average stipend at IIM Ranchi amounted to INR 1.24 Lakhs. Similarly, MBA-BA summer internships at IIM Ranchi witnessed 48 students receiving offers from 26 top companies. The highest stipend offered in the MBA-BA program amounted to INR 2.80 Lakhs, with an average stipend of INR 96,895.

IIM Ranchi Placements 2023: Batch Profile

IIM Ranchi placements 2023 saw a balanced batch profile regarding gender, educational background, and work experience. The students were from diverse academic fields like engineering, sciences, commerce, and economics. Candidates had previous experience in IT, ITES, Finance, and consulting in organizations like NITI Aayog, Ernst & Young, Deloitte, and KPMG. 

The batch had 38% female students and 62% males. The batch of MBA and MBA-HR had 20% and 29% of students had an experience of 24-35 months. Also, MBA-BA had 14% of students having an experience of 24-35 months. Below is the table of MBA, MBA-HR, and MBA-BA work experience.

MBA

Experience

Percentage

1-11 Months

7%

12-23 Months

12%

24-35 Months

20%

More than 36 Months

14%

MBA-HR

Experience

Percentage

1-11 Months

9%

12-23 Months

12%

24-35 Months

29%

More than 36 Months

16%

Below is the graph for MBA-BA

IIM Ranchi MBA BA Placements Batch Profile

IIM Ranchi MBA Placements 2023

IIM Ranchi MBA batch students bagged lucrative roles in various sectors and domains. A total of 399 students received offers in the placement drive. There were 76 PPOs that were given by 124 prominent recruiters to the students. The placement highlights of IIM Ranchi MBA are mentioned in the below table:

Placement Particulars

CTC 

Highest Domestic CTC

INR 35.5 Lakhs

Highest International CTC

INR 67 Lakhs

Average

INR 17.3 Lakhs

Median

INR 16.5 Lakhs

Average of top 10 Percentile

INR 30 Lakhs

Average of top 25 Percentile

INR 24 Lakhs

 The highest offers were made from BFSI (17.7%) followed by IT/ITES (15.3%), Consulting (13.7), FMCG (12.9%), Manufacturing (11.3%), Pharma and Healthcare (6.5%), Logistics and Supply Chain (4.8), Fintech (3.2%), Staffing (2.4%), E-commerce (1.6%), Ed-Tech (0.8%), Digital media & Ads (0.8%) and others (8.9%).

IIM Ranchi MBA-HR Placements 2023

IIM Ranchi MBA-HR batch witnessed a 4.2% increase in their average CTC. A total of 69 students received offers through the placement drive, out of which 13 students received pre-placement offers. The drive was graced by 29 recruiters. The following graph displays the sector-wise split of offers made to the students:

IIM Ranchi MBA HR Sector wise Placement Offers

Below are the Placement Highlights of MBA-HR:

 

Placement Particulars

CTC 

Highest Domestic CTC

INR 32.2 LPA

Average

INR 16.3LPA

Median

INR 16 LPA

Average of top 10 Percentile

INR 25.6 LPA

Average of top 25 Percentile

INR 22.4 LPA

IIM Ranchi MBA-BA Placements 2023

This year IIM Ranchi MBA-BA students were recruited by top-notch companies like American Express, cognizant, EXL, and Sony Pictures among others. More than 30 students received offers from 25 top companies. In addition to these, 6 pre-placement offers were also made to the students. Candidates received offers from sectors like BFSI (28%), ITES (20%), Manufacturing (16%), FMCG (8%), Consulting (8%), Digital Media & Ads (4%), and others (16%). Following are the placement highlights:

 

Placement Particulars

CTC 

Highest Domestic CTC

INR 22.3 LPA

Average

INR 16.4 LPA

Median

INR 16 LPA

Average of top 10 Percentile

INR 21.6 LPA

Average of top 25 Percentile

INR 20.3 LPA

IIM Ranchi Across Domains MBA Placements 2023

The MBA Batch of IIM Ranchi attracted offers from 124 companies. Sales and marketing appeared as the most functional area, followed by strategy and Consulting, Operations, IT Analytics, and finance. Some notable companies like Yes Bank, Amazon, McKinsey, American Express, and Accenture Technology Consulting among others. 

Sales and Marketing

The sales and Marketing domain offered students roles like digital marketing, product marketing, brand manager, business development, market research, and territory sales manager. These roles were offered by companies like Asian Paints, Maruti Suzuki, Microsoft, and Tolaram among others. Following are the placement highlights of this domain:

Placement Particulars

CTC 

Highest 

INR 67 LPA

Average

INR 17.9 LPA

Median

INR 16 LPA

Top 10 Percent

INR 29.5 LPA

Top 25 Percent

INR 25.4 LPA

Finance

Finance Domain offered roles such as Asset Management, Wealth Management, Corporate Banking, and Retail Banking among others. The prominent recruiters in this domain were Citibank, HSBC, SBI CAPS, RBL Bank, and many others. Below is the placement highlight of this domain:

Placement Particulars

CTC 

Highest 

INR 35.5 LPA

Average

INR 18.5 LPA

Median

INR 18 LPA

Top 10 Percent

INR 27.8 LPA

Top 25 Percent

INR 24.6 LPA

IT and Analytics

This domain offered roles like Application Manager, Digital Consultor, Business Analyst, Project Management, and others. Prominent recruiters in the IT and Analytics domain were Accenture, Capgemini, Indiamart, EXL, and Axis Bank among others. Below are the placement Highlights of the domains:

Placement Particulars

CTC 

Highest 

INR 32 LPA

Average

INR 19.2 LPA

Median

INR 18 LPA

Top 10 Percent

INR 28.8 LPA

Top 25 Percent

INR 25.1 LPA

Strategy & Consulting

Strategy and Consulting domains offered roles like IT Consulting, Strategic Advisory, Tech Strategy and Analysis, and Tech Strategy. Top recruiters in this domain were Cognizant, Deloitte, Infosys Consulting, and EY among others. Refer to the table below for the placement highlights:

Placement Particulars

CTC 

Highest 

INR 23.6 LPA

Average

INR 15.8 LPA

Median

INR 16 LPA

Top 10 Percent

INR 20.6 LPA

Top 25 Percent

INR 19.8 LPA

Operations

Roles in this domain include Supply chain management, Business Operations, Customer success manager, and operations analytics among others. The prominent associations include Genpact, Tata Steel, Amazon, and Berger among others.

Placement Particulars

CTC 

Highest 

INR 22 LPA

Average

INR 15.6 LPA

Median

INR 15.5 LPA

Top 10 Percent

INR 20.4 LPA

Top 25 Percent

INR 19.1 LPA

IIM Ranchi Placements: Top Recruiters

IIM Ranchi Placement recruiters include prominent companies like Adani, Cisco, TVS, Reliance Retail, Mahindra, Microsoft, and many others. 

IIM Ranchi Top Recruiters

IIM Ranchi Summer Internship 2023: Batch Profile

IIM Ranchi Summer internship batch of 2023 presented various academic fields including Engineering, Science, Commerce, and Economics with experience in domains like IT, ITES, Finance, and Consulting. There was a healthy gender balance, with 28% females. More than half of the batch (52.8%) had prior work experience in companies like Accenture, Flipkart, Amazon, TCS, Wipro, and Tata Steel among others. Below is the graph of the duration of work experience in MBA, MBA-HR, and MBA- BA:

IIM Ranchi Summer Internships 2023

IIM Ranchi Summer Internships MBA Placement Highlights

IIM Ranchi MBA summer internships saw a 15.4% increase in the average stipend offered by recruiters. The internship drive witnessed 93 recruiters providing offers to 221 students. The highest offers were made from the Consulting and FMCG (18.1%) sectors respectively. It was closely followed by BFSI (17.2%), Manufacturing (14.9%), IT/ITES (8.1%), Fintech (5%), Logistics and Supply Chain (4.5%), Pharma & Healthcare (2.7%), E-Commerce (1.4%), Digital Media & Ads (1.4%), Staffing (0.5%) and others. Below is the spread of CTC offered to the students:

CTC Particulars

Amount

Highest

INR 3 LPA

Average

INR 1.16 LPA

Median

INR 1 LPA

Average of Top 10 Percentile

INR 2.20 LPA

Average of Top 25 Percentile

INR 1.93 LPA

IIM Ranchi Summer Internships MBA-HR Placement Highlights

IIM Ranchi provides summer internships to MBA-HR students with exceptional opportunities. The internship drive witnessed 31 recruiters, providing a wide array of offers from different sectors to 69 students. The highest number of proposals were made from the Manufacturing sector (30.9%). It was followed by consulting (16.2%), BFSI (11.8%), FMCG (10.3%), Fintech (2.9%), Digital Media & Ads (2.9%), and others (19.1%). Following is the spread of CTC offered:

CTC Particulars

Amount

Highest

INR 3 LPA

Average

INR 1.24 LPA

Median

INR 1 LPA

Average of Top 10 Percentile

INR 2.70 LPA

Average of Top 25 Percentile

INR 2.23 LPA

IIM Ranchi MBA-BA Summer Internship Placements 2023

IIM Ranchi internship drive provided 48 students with offers from 26 top companies. The highest internship proposals were made from BFSI (35.4%) and Consulting (14.6%). It is followed by  Manufacturing (10.4%), Fintech (10.4%), Logistics & Supply Chain (8.3%), Agritech (4.2%), IT/ITES (4.2%), FMCG (4.2%), Pharma and Healthcare (2.1%) and others (6.3%). Below is the spread of CTC offered:

CTC Particulars

Amount

Highest

INR 2.80 LPA

Average

INR 96,895

Median

INR 70,000

Average of Top 10 Percentile

INR 2.25 LPA

Average of Top 25 Percentile

INR 1.72 LPA

 

Frequently Asked Questions (FAQs)

What is IIM Ranchi's average package in 2023?

IIM Ranchi placements 2023 offered an average package of INR 17.3 LPA.

What is the highest package at IIM Ranchi 2023?

The highest package at IIM Ranchi 2023 reached up to INR 35.50 LPA.

What were the highest domestic and international CTCs recorded for MBA graduates at IIM Ranchi placements in 2023?

The highest domestic CTC was INR 35.5 Lakhs, and the highest international CTC was INR 67 Lakhs for MBA graduates during IIM Ranchi Placements 2023.

Who were the top recruiters at IIM Ranchi Placements 2023?

The top recruiters at IIM Ranchi placements 2023 were American Express, Cognizant, EXL, and Sony Pictures among others.

 

What was the average stipend offered to MBA interns at IIM Ranchi?

The average stipend for MBA interns at IIM Ranchi stood at INR 1.16 Lakhs.

What were the top recruiting companies for the Sales and Marketing domain for MBA interns at IIM Ranchi Summer Internships 2023?

Prominent recruiters for the Sales and Marketing domain at IIM Ranchi Summer Internships 2023 included companies like Asian Paints, Puma, GSK, Berger, Boston Scientific, Emami, Titan, Conagra, and Aditya Birla.

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