All About IIM Ranchi IPM 2022 – Fees, Eligibility, Selection criteria and more.

IIM Ranchi IPM Porgramme

IIM Ranchi was founded in 2009, making the institute 13 years old. It has grown tremendously in the last 13 years. This year, as the MBA class graduated, the institute achieved a 100% placement rate in prestigious companies.

IIM Ranchi is one of the most prestigious institutions that began offering the IPM program. The first batch of IIM Ranchi IPM began classes in 2021. Despite the fact that the program is new, the institute appears to have kept its promises in terms of educational quality and student exposure. It is a relatively new IIM to start IPM course, and it is natural for anyone to have questions about its competence, especially since we often evaluate an institute in terms of good placements, faculty, infrastructure, and so on.

IIM Ranchi IPM Eligibility criteria:

Applicants must have completed the 10th standard/Secondary/SSC Examination and the 12th standard/Higher Secondary/HSC Examination (or equivalent) with a grade point average of 60 percent (55 percent for candidates from SC/ST/PWD).

The percentage of marks obtained by the candidate in the tenth and twelfth grades will be calculated in accordance with the Board\’s regulations. If there is no such regulation regarding aggregate marks from the relevant Board, the aggregate marks of all subjects appearing on the grade sheet will be used to calculate the passing percentage.

IIM Ranchi IPM Admission process

To get into the IIM Ranchi IPM batch, one can take the IPMAT Indore and/or the SAT. Students who have been shortlisted will be invited to an interview, after which a composite score will be calculated.

The composite score for IIM Ranchi IPM

ComponentWeightage
IPMAT/SAT Score50%
Interview Score30%
Past academics20%
Gender Diversity5*%
Total100

Infrastructure

IIM Ranchi recently relocated from Suchna Bhawan to its permanent campus in Dhurwa. The campus, which is located in the City of Waterfalls, is very well built and has all of the necessary facilities for the students.The classrooms are well-equipped with modern technological tools as well as appealing interior design and lighting. The entire academic block is equipped with high-speed Wi-Fi internet access.

Athenaeum-The Learning Resource Centre is the name of IIM Ranchi\’s library. There are numerous books and resources available here that cover a wide range of management topics.The hostel rooms are well-furnished and feature five-star amenities.The mess and canteen are open more than 18 hours a day, and medical assistance is available if required.

IIM Ranchi IPM Curriculum:

The program is intended to provide a multidisciplinary foundation that draws on the humanities, social sciences, arts, and sciences. On such a foundation, the program\’s cross-disciplinary business core is built. Management, marketing, accounting, finance, economics, information systems, data science, and strategic management are all covered in detail. In addition, the program provides life-skills courses that focus on their overall development as professionals and socially responsible citizens

Term 1:

 Freshman Seminar, Business Mathematics 1, Natural Sciences 1, Communication Skills 1 – Oral, Indian Literature, Business History of India

Term 2

 Working in Teams, Business Mathematics 2, Natural Sciences 2, Communication Skills 2 – Written, Arts Appreciation 1, Psychology

Term 3:

 Managing Stress, Business Mathematics 3, Natural Sciences 3, Sociology, CIS – Basic Word/Excel, Arts Appreciation 2

Term 4:

Critical Thinking & Problem Solving, Business Mathematics 4, Intro to Business, Microeconomics, Indian Society (Values/Culture), Intro to Programming

Term 5:

 Creativity and Innovation, Business Ethics & CSR, Statistics 1 – (Descriptive/Probability), Fundamentals of Information Systems, Philosophy, Macroeconomics

Term 6:

Professional Etiquette & Presence, Accounting 1 – Financial Accounting, Business Law, Principles of Management, Operations Research, Statistics 2 – (Inferential Statistics)

Term 7:

Intro to Data Science, Foreign Language, Marketing Management, Operations Management, Research Methodology, Basic Econometrics

Term 8:

 Accounting 2 – Management Accounting, Financial Management 1, Object-Oriented Programming, Human Resource Management, Entrepreneurship, Sales/Personal Selling

Term 9;

Financial Management 2, Business Analytics, Labour Law/Industrial Relations, Project Management, Strategic Management, Indian Economy, Capstone – Assessment (Pass/Fail)

• The syllabus for years 4 and 5 is the same as that of the MBA programs of the institution.

IIM Ranchi IPM Fees:

IIM Ranchi has described the fee structure in most Detail. The tuition fees for the first three years are 3,00,000 per annum while other charges such as course material, computer and library charges, library fees, hostel fee costs 20K, 20K, 12K, and 20K per annum respectively. The fees for the fourth year and fifth years will be the same as those applicable to MBA students. 

The total fees for the first three years of IIM Ranchi IPM are around 16 Lakhs. The combined fees for the entire five-year IPM Course will be around 34 Lakhs.  

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The institute provides a BBA+ MBA degree. A Candidate can exit the IIM Ranchi Integrated Program in Management with a BBA degree after three years of completion of all the requirements.

To compare the fees of IPM from different IIMs click here.

Placements:

As already mentioned, the IIM Ranchi IPM batch started in 2021. So, there is no placement data available for IPM placements. However, one can have a quick glance at the PGP Placements to get a rough idea.According to the placement report of IIM Ranchi for the batch 2019-2021, the highest CTC is 25.5LPA and the average CTC is 13.83 CTC. Its recruiters were Capgemini, Flipkart, KPMG, Accenture, ICICI Bank etc.

IIM Ranchi has kept its promise in making successful managers, leaders and entrepreneurs. Here, the students will have the opportunity to learn and grow in a world-class business school while developing skills. One must consider all factors while choosing a college. In my opinion, if you want to get quality education and exposure, then IIM Ranchi IPM might be the course you are looking for!

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