IIM Ranchi’s top domestic package soars 33% in 2024-25 placements

PINAKI MAJUMDAR

Jamshedpur, May 15: Celebrating 15 years of academic distinction, the Indian Institute of Management (IIM) Ranchi has unveiled its Final Placement Report for the 2024–25 academic year, showcasing a year of impressive career outcomes for students across its flagship MBA, MBA-Human Resource Management (HRM), and MBA-Business Analytics (BA) programs.

The institute has shown significant upward momentum, climbing to the 17th spot in the 2024 NIRF rankings from 24th in 2023. This placement season has further reinforced IIM Ranchi’s growing prominence in the management education space, with students securing lucrative offers from top-tier domestic and international firms.

The report was released in the presence of Director Prof. Deepak Kumar Srivastava, Dean of Academics Prof. Tanushree Dutta, Chairperson of Corporate Relations Prof. Rajeev Verma, former Chairperson Prof. Varun Elembilassery, and other faculty members.

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Standout Placement Outcomes

The Class of 2023–25 witnessed participation from 96 recruiting organizations. The highest domestic salary package soared by 33% over the previous year. Additionally, the top 10% of students saw a 7.7% rise in average CTC, while the top 25% experienced a 6.6% hike.

The Corporate Relations team’s outreach efforts included engaging with 110 new companies, hosting 89 leadership sessions, and facilitating 119 virtual live projects.

MBA Program Highlights

Highest Package: ₹50.39 LPA

Top 25% Average: ₹26.79 LPA

Overall Average: ₹19.29 LPA

Pre-Placement Offers (PPOs): 19.8% of the cohort, with an average of ₹20.85 LPA

Fresh Graduates: 59% of the batch

Women Students: 31%

Participating Companies: 81

MBA-HR Program Highlights

Top Offer: ₹35.30 LPA

Top 25% Average: ₹22.87 LPA

Overall Average: ₹19.02 LPA

PPOs Secured: By 30% of students, averaging ₹20.96 LPA

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MBA-BA Program Highlights

Best Package: ₹27.94 LPA

Top 25% Average: ₹26.07 LPA

Overall Average: ₹19.86 LPA

43.48% placed in BFSI and Fintech roles

25.9% growth in recruiting companies

Sectoral Insights & Recruiter Participation

The Banking, Financial Services, Insurance (BFSI), and Fintech sectors dominated in terms of job offers, followed by Consulting, Technology, E-commerce, FMCG, and Manufacturing. There was a 33.33% jump in companies hiring for Strategy and Consulting profiles and a 28.6% increase in PPOs for Sales and Marketing roles.

Key recruiters included Amazon, Accenture, Deloitte, American Express, Aditya Birla Group, GAIL, DE Shaw, HSBC, Infosys, Vedanta, Wipro, and others.

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Integrated Curriculum Drives Industry Readiness

Director Prof. Srivastava highlighted the pivotal role of interdisciplinary learning in enhancing student preparedness. Students in their final year engage with a wide range of electives spanning AI in Marketing, Strategic HRM, Design Thinking, Positive Psychology, Rural Marketing, and more. This cross-functional training ensures they are well-equipped for the evolving demands of the corporate world.

With a remarkable placement season and a forward-thinking academic approach, IIM Ranchi continues to reinforce its stature as a premier management institution dedicated to shaping future-ready leaders.