Want to apply for an MBA program at IIM Ranchi? Wondering if you are eligible? In this article, we will list all the IIM Ranchi eligibility criteria for GMAT candidates. So read on!
IIM Ranchi : Overview
IIM Ranchi is the ninth IIM to be established (in 2007). It has been ranked at the 10th position amongst the other IIMs. The NIRF has ranked it at the 20th position amongst the top MBA programs. The institute’s mission is to enhance management education in ways that can positively impact societies. In line with its mission, IIM Ranchi has gained recognition for its MBA programs and the various initiatives it has taken. To begin with, IIM Ranchi has initiated a “Barefoot Manager” program that encourages those who are illiterate or school dropouts to pursue entrepreneurial opportunities. In addition, IIM Ranchi has signed a Memorandum of Understanding (MoU) with various educational organisations and has initiated collaborative educational programs for its students. The institute is collaborating with various international business schools such as Purdue University, Alberta School of Business, and the American School of Business.
Studying at IIM Ranchi sounds like a dream, isn’t it? So, let us look at the courses offered at IIM Ranchi.
The courses offered at IIM Ranchi are as follows:
- Post Graduate Program in Management for Executives (PGEXP)
- Post Graduate Diploma in Management (PGDM)
- Fellowship Program in Management (FPM)
- Post-Graduate Diploma in Human Resource Management (PGHRM)
- Integrated Program in Management (IPM)
IIM Ranchi Eligibility Criteria for GMAT Candidates
Are you wondering if you are eligible to apply for the above programs? Let us have a look at the eligibility criteria for IIM Ranchi. The eligibility criteria varies depending on the course you wish to apply for.
- PGEXP: To be eligible for the PGEXP program, you must have a graduate degree with 5+ years of work experience.
- PGDM: To be eligible for the PGDM program, you must have an undergraduate or graduate program with an aggregate of 60%. Candidates must also have a valid CAT or GMAT score.
- PGHRM: To be eligible for the PGHRM, you must have a graduate program with an aggregate of 50% and you must have a valid, good CAT and GMAT score.
- IPM: To be eligible for the IPM program, you must have completed your high school education and must have an undergraduate program with an aggregate of 60% in each of the qualifications. In addition, you must also have a valid SAT or CAT or GMAT score.
The admission procedure at IIM Ranchi takes place in three different stages:
First Stage: During the first stage, candidates are shortlisted based on their academic performance and their CAT or GMAT scores.
Second Stage: The shortlisted candidates will qualify for the personal interview round. If they happen to do well in the interview, then they are considered potential students at IIM.
Third Stage: The third stage plays the most integral part in getting admitted into the institute. The admission committee will evaluate your profile, which includes your academic performance, CAT or GMAT scores, and your personal interview. If they think you have done exceptionally well in all three components, you will most likely receive the offer letter.
Weightage of the Components on Which You are Evaluated
The weightage of each component is as follows:
|CAT or GMAT Score||40%|
Now that you are aware of the courses offered at IIM Ranchi, let us have a look at the fee structure. The tuition fees for the courses offered at IIM Ranchi are as follows:
|Course Offered||Tuition Fees|
As you can see, the tuition fees are quite high. However, IIM Ranchi offers merit-based scholarships to those who are exceptional. They also provide scholarships and grants offered by the government to those who have financial issues.
By now you must be aware that studying at IIM Ranchi is an expensive affair. But, it is truly an investment for your future and the returns on the investment are rather high. Let us see how.
IIM Ranchi conducts a placement drive each year and numerous recruiters take part in it. The institute’s statistics depict that as of 2021, there are over 127 recruiters present at the placement drive, out of which 97 companies were first-time recruiters. Over 80% of IIM Ranchi graduates were placed with reputed companies. Some of these companies include HP, ICICI Bank, Dell, Capgemini, Infosys, and Tata. The highest salary offered to MBA graduates was around INR 30,00,000 and the average salary offered to MBA graduates was INR 14,00,000. However, the average salary of the top 10% of the class was around INR 20,00,00 and the average salary of the top 25% of the class was around INR 18,00,000 to 19,00,000. As you can see, the salary offered in the first year is two times the amount you would have spent on tuition studying at IIM. It is essential to note that as you gain work experience and expertise, your salary will increase exponentially.
This is what you need to know about IIM Ranchi eligibility criteria for GMAT candidates. We also hope that the additional information provided such as fee structure, courses offered, admission procedure, and potential career opportunities all helped.