In collaboration with the Indian Institute of Management Calcutta and the Government of Jharkhand, the Indian Institute of Management Ranchi was founded in 2009 under the supervision of the Ministry of Education, Government of India. According to NIRF 2023, the Management institute has secured the 24th position in the ranking.
IIM Ranchi offers Master's degree in Management as per the
approval of the Indian Institutes of Management Bill, 2017. Students are
awarded degrees in two-year full-time residential program, MBA, MBA-HRM, MBA-BA
and Executive MBA in blended mode for working professionals. IIM Ranchi also
offers Doctor of Business Administration (DBA) Fellowship Program and Part-Time
Executive Program (PGEXP). IIM Ranchi is one of the five IIMs to offer a
five-year Integrated Program in Management (IPM). IIM Ranchi's Integrated
Program in Management is a full-time 5-year integrated postgraduate program.
Students are awarded a Master of Business Administration (MBA) degree at the
end of the 5-year program.
IIM Ranchi is renowned for its prestigious MBA and IPM
programs, with admissions done on the based on CAT Exam and IPMAT scores. The
cut-off percentile for IIM Ranchi stands at an impressive 92 percentile
overall. The MBA fees at IIM Ranchi amount to INR 17.5 lakhs, while the average
package for the 2023 batch reached INR 17.3 LPA. Additionally, the highest
package offered at IIM Ranchi for the same batch reached an impressive INR 67
LPA.