To decide between IIM Ranchi's PGDM HR program and the Great Lakes PGPM program, consider the following questions:
If your answer to the first question is "Yes" and your answer to the second question is "No," you should consider IIM Ranchi's PGDM HR program. If your answer to the first question is "No" and your answer to the second question is "Yes," you should consider Great Lakes PGPM.
If both answers are "Yes," you should reconsider whether you really want to change careers after 3 years of work experience. If you still want to pursue HR, IIM Ranchi's PGDM HR program would be a good option. If both answers are "No," you should consider Great Lakes PGPM, as it has a better return on investment due to its shorter duration.
During MBA placements in 2022, IIM Ranchi saw a total of 77 companies visit the campus for recruitment. The highest and average packages offered during these placements were INR 42 LPA and INR 16.62 LPA, respectively. While there was a decrease of 39.84% in the number of total recruiters compared to the previous year, the highest package offered saw a growth of 58.49% and the average package saw a rise of 13.13%.
Domains | Highest Package | Average Package | Median Package | Average Package of top 10% | Average Package of top 25% |
IT & Analytics | INR 42 LPA | INR 15.90 LPA | INR 14.50 LPA | INR 28.50 LPA | INR 22.28 LPA |
Finance | INR 25 LPA | INR 15.70 LPA | INR 16 LPA | INR 20.88 LPA | INR 18.81 LPA |
Operations | INR 18 LPA | INR 13.40 LPA | INR 13.20 LPA | INR 18 LPA | INR 16.50 LPA |
Sales & Marketing | INR 26.12 LPA | INR 16.60 LPA | INR 15.61 LPA | INR 24.42 LPA | INR 21.66 LPA |
Strategy & Consulting | INR 32.21 LPA | INR 17.10 LPA | INR 15.50 LPA | INR 26.04 LPA | INR 24.56 LPA |
For MBA HR placements in 2022, 21 recruiters visited the campus, and the highest and average packages offered were INR 32.21 LPA and INR 15.63 LPA, respectively.
IIM Ranchi offers an excellent foreign exchange program, which is currently affiliated with seven universities worldwide: three in Europe, two in Asia, one in the US, and one in Canada. Applications are typically solicited from first-year students who are interested in participating in the student exchange program.
To improve your chances of being accepted into a Student Exchange Program, it is important to carefully review the specific requirements and ensure that you meet them. Each program will have its own set of prerequisites that you must fulfill in order to be considered.
One key factor that the exchange program will consider is your academic performance, demonstrating your dedication to your education and potential to benefit from the program abroad. Additionally, the selection committee will want to ensure that you will make the most of this opportunity, successfully complete the exchange program, and be a positive representative of your home country.
The IIM Ranchi selection process for the Common Admission Test (CAT) includes ranking candidates in different categories (General, NC-OBC, SC, ST, and DAP) and shortlisting based on ranking within those categories. The Written Ability Test (WAT) and Personal Interview (PI) will be held at five centers (Bangalore, Chennai, Kolkata, Mumbai, and New Delhi), with exact dates to be announced to shortlisted candidates.
The Consolidated Merit List (CML) for final admissions will be based on the CAT percentile (30% weight), WAT and PI scores (minimum cut-off of 15 out of 50 marks, or 30% weight), and the candidate's profile (including academic profile, work experience, gender diversity, and academic diversity, with a total weight of 25%).
IIM Ranchi does not have a specific cutoff score for the Common Admission Test (CAT) for admission to their Postgraduate Diploma in Human Resource Management (PGDHRM) program. Instead, the institute uses a composite scoring method to determine the cutoff for the program, taking into consideration a candidate's performance in the CAT, Written Ability Test (WAT), and Personal Interview (PI), as well as their academic and professional profile.
The PI process is conducted by IIM Ranchi, and the final cutoff is based on a weighting of 70% for the CAT score, 15% for the candidate's undergraduate degree, and 15% for work experience.
IIM Ranchi has not disclosed a specific cutoff score for the SAT for admission to their Integrated Program in Management (IPM) program. However, according to an interview with the IIM Ranchi IPM admission panel, students who score highly on the SAT may be invited to participate in a personal interview.
It is worth noting that this information is based on assumptions and research, and a score of 1400+ on the SAT may be considered a safe bet for admission consideration. However, it is also possible that a score of 1350+ could be sufficient if luck is on your side.
Many of my students attend IIM programs in Shillong, Ranchi, and Raipur each year. While the placement outcomes at IIM Shillong and Ranchi are similar, the campus at IIM Shillong is more attractive and students at IIM Ranchi must spend an hour commuting to classes every day.
Additionally, the lack of a campus at IIM Ranchi may limit the ability to participate in a vibrant social scene. Therefore, IIM Shillong may be a better choice for those who value the campus learning experience.
If you are considering studying finance, it is not recommended to do so solely for the purpose of earning a high salary. Students who have graduated from newer Indian Institute of Management (IIM) programs, including the one in Ranchi, have reportedly obtained jobs with salaries ranging from 9-20 lakhs per year, with a median of around 10 lakhs per year. However, it is important to genuinely enjoy the field of study rather than just being attracted to it for financial reasons.
It is also worth noting that as you progress in your career, you may eventually take on managerial responsibilities regardless of your field of study. If you are unsure about your interest in finance, you may want to try taking an introductory course on Coursera to see if it is something you truly enjoy.
IIMs in India provide excellent education and consistently grow and adapt to challenges, even during economic downturns. During the MBA placements season at IIM Ranchi in 2022, the highest and average packages offered were INR 42 LPA and INR 16.62 LPA, respectively. IIM Trichy also had a successful placements season in 2022, with the highest package offered to be INR 34 LPA, an increase of 13% compared to the previous year. One unique aspect of IIM Trichy is that it offers a course on International Business Practice, which allows students to work on live projects for companies based in Singapore and other locations.
Both IIM Ranchi and IIM Trichy are good choices for students interested in sales and marketing careers. Ultimately, the decision of which institute to attend will depend on your personal priorities and preferences.