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2024 Placement Outcomes at IIM Ranchi: Analysis of Top Packages
June 9, 2024
Overview: Look at IIM Ranchi's 2024 placement success: top package of ₹34.91 LPA, detailed sector-wise distribution, and strong pre-placement offers across MBA programs.
The Indian Institute of Management (IIM) Ranchi has released its 2024 placement report, indicating strong success in getting high-value employment opportunities for its graduates.
The placement season produced impressive results, notably in terms of the salary packages offered, sectoral distribution, and pre-placement offers, highlighting IIM Ranchi's critical role in building corporate leadership in India.
Placement Highlights Of IIM Ranchi 2024
IIM Ranchi provides several MBA programs, each aimed to unique industrial demands. The detailed placement data for each program are listed below:
1. MBA in Business Analytics (MBA-BA)
- Highest Package: ₹34.91 LPA
- Average Package: ₹19.13 LPA
- Median Package: ₹16.88 LPA
- Average of Top 10 Percentile: ₹33.00 LPA
- Average of Top 25 Percentile: ₹27.77 LPA
- Average of Top 80 Percentile: ₹20.33 LPA
2. MBA in Human Resources (MBA-HR)
- Highest Package: ₹33.97 LPA
- Average Package: ₹18.37 LPA
- Median Package: ₹18.22 LPA
- Average of Top 10 Percentile: ₹24.55 LPA
- Average of Top 25 Percentile: ₹22.72 LPA
- Average of Top 80 Percentile: ₹19.71 LPA
3. General MBA
- Highest Package: ₹37.80 LPA
- Average Package: ₹18.69 LPA
- Median Package: ₹18.00 LPA
- Average of Top 10 Percentile: ₹29.20 LPA
- Average of Top 25 Percentile: ₹24.55 LPA
- Average of Top 80 Percentile: ₹19.80 LPA
Sector-wise Placement Distribution at IIM Ranchi
IIM Ranchi graduates were placed in a number of industries, displaying the versatility and broad appeal of the institution's academic programs. The sector-wise distribution for each MBA program is shown in the tables below:
MBA-BA Sector-wise Distribution
| Sector | Percentage |
| BFSI & Fintech | 32.6% |
| Consulting & Professional Services | 9.3% |
| E-commerce & Edtech | 14% |
| Energy, Oil & Gas | 2.3% |
| FMCG | 2.3% |
| IT & ITES | 23.3% |
| Manufacturing | 14% |
| Pharma & Healthcare | 2.3% |
MBA-HR Sector-wise Distribution
| Sector | Percentage |
| BFSI & Fintech | 22.6% |
| Consulting & Professional Services | 19.4% |
| E-commerce & Edtech | 1.6% |
| Energy, Oil & Gas | 9.7% |
| FMCG | 6.5% |
| IT & ITES | 6.5% |
| Manufacturing | 25.8% |
| Others | 6.5% |
| Pharma & Healthcare | 1.6% |
General MBA Sector-wise Distribution
| Sector | Percentage |
| BFSI & Fintech | 35.7% |
| Consulting & Professional Services | 3.4% |
| E-commerce & Edtech | 6.3% |
| Energy, Oil & Gas | 0.5% |
| FMCG | 11.6% |
| IT & ITES | 14.5% |
| Manufacturing | 22.2% |
| Others | 4.8% |
| Pharma & Healthcare | 1.0% |
Industry Confidence and Future Prospects
The industry's confidence in IIM Ranchi's academic rigor is reflected in the 41 pre-placement offers extended even before the regular placement season began, showing the students' strong performance and flexibility during internships.
With 28 major recruiters participating this year, including Axis, Cognizant, and Amazon, the future prospects for upcoming batches, particularly the new IPM program, look very bright.
IIM Ranchi maintains its position as a premier management school, as seen by robust placement figures and various opportunities across sectors, effectively educating its alumni not only to enter, but to lead in their chosen areas.