Indian Institute of Management - [IIMR], Ranchi

When considering whether to attend a new or "baby" Indian Institute of Management (IIM) or a more established one, there are two key issues to consider.

Firstly, it is possible to graduate from a new IIM and secure a job that pays significantly more than your current 12 LPA job but it will depend on your performance in business school, and the better-established IIMs will have a greater probability of making this happen. For example, if you attend IIM Trichy or IIM Ranchi, your chances of securing a higher-paying job will be higher.

Secondly, and more importantly, the question is whether you should join a new IIM in your first attempt if you are already holding a 12 LPA job. It is recommended to take the Common Admission Test (CAT) again and try to get into a better college, preferably one of the top 6 IIMs or other reputable institutions such as FMS, SP Jain, or MDI.

This will provide a greater opportunity to secure a higher-paying job in the future. While it is true that a new IIM may offer good opportunities and placements, the chances of getting a better placement are higher in more established institutes, it is better to aim for these institutes on the first attempt.

IIM Ranchi's MBA placement drive for 2022 saw 77 companies visit the campus for recruitment. The highest and average packages offered during this placement drive were INR 42 LPA and INR 16.62 LPA, respectively.

IIM Trichy's final placement report for 2022 showed that the institute attracted over 110 industry giants who offered a variety of job roles in Sales & Marketing, Finance, Consulting, IT & Analytics, Operations, and HR. The highest and average packages offered during this placement drive were INR 34 LPA and INR 17.01 LPA, respectively.

There are several ways to compare the quality of MBA programs at new IIMs such as IIM Ranchi and IIM Trichy. One method is to look at student performance and perception as reflected in B-school surveys. You can also try finding information about the experiences of graduates from these institutes. Another way to gauge the quality of an MBA program is to look at the performance of students in competitions, such as recruitment challenges, quizzes, paper presentations, and management fests. While these events can provide insight into student abilities, they may not necessarily reflect the capabilities of the faculty at a given institute.

To get a better understanding of the faculty of an MBA program, you may want to consider the learning approach of the program. A good MBA program will have faculty members who have both studied the subject area extensively and have practical experience in the field. You can also look at the clubs and events related to marketing at the institute, as well as any visiting faculty, guest lectures, workshops, or training that have been held in the last one to two years. A reputable institute should make this information publicly available.

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 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.

If you do not have work experience, you may want to reconsider applying to IIM Ranchi as there are very few freshers in the batch. Additionally, the cutoffs for admissions at the institute are unpredictable and can vary widely. Some applicants with very high percentile scores have been rejected, while others with lower scores have been accepted. 

It is also worth noting that even applicants with strong work experience and percentile scores may not always be successful in receiving a call or being shortlisted. It is difficult to predict with certainty whether or not you will be accepted to the PGDHRM program.

When you consider India's population, especially the working populations who migrate to these cities in search of jobs/education, etc., there aren't enough to sustain the pressure, and there aren't enough resources to support such a large crowd.

As evidenced by the conditions in these cities, the majority of them are either saturated or on the verge of saturation. As a result, the government must establish a new center for businesses, corporations, and so on. Opening a government institution such as IIT or IIM leads to an increase in business, at least locally, and later attracts investments from major market players such as real estate developers, malls, health care providers, and corporations, eventually leading to the industrialization or urbanization of cities.

To lessen the strain that these cities would otherwise face from having to support a new IIM or IIT, which would once more increase in-migration and intensify the city's problems. This could be one of the good reasons for this. So, establishing such institutions in these cities is, if not a good idea, a better idea. Many may contend that this represents a significant setback for some batches graduating from such Institutions at this stage of development.