Ranchi, India – 04 April 2024:
The Indian Institute of Management Ranchi (IIM Ranchi) has announced the achievement of exceptional final placement for the class of 2022-24 and the summer placement season for the class of 2023-25, reflecting the institute’s growing presence in different industry sectors.
The institute has successfully concluded its campus recruitment program for the MBA, MBA-Human Resource (HR), and MBA- Business Analytics (BA) batches of 2022-24. Despite a struggling labour market, the students surpassed expectations and secured lucrative roles across role domains.
For the flagship MBA programme, a diverse array of 76 companies participated in the recruitment process, resulting in an impressive average CTC package of 18.69 Lakhs per annum (LPA). The average CTC of the top 25%ile was 24.5 Lakhs per annum, and the highest CTC was 37.8 LPA.
The MBA-Human Resource Management batch attracted the interest of 33 leading companies, achieving an average CTC of 18.36 LPA. The average CTC of the batch increased by 12.6%, and the median CTC increased by 13.8%. This year, the number of pre-placement offers (PPOs) received increased by 23.08%, and the highest CTC was 33.9 LPA.
The MBA-Business Analytics program saw the participation of 28 companies, and the average CTC increased by 16.5% to reach 19.12 LPA. The average CTC of the top 25%ile increased by 36.8%, and for the top 10%ile rose by 52.8%. The highest CTC increased by 56.56% to 34.9 LPA.
In the summer placements, 85 reputed companies provided internship opportunities to MBA students, and the average stipend offered stood at 1.25 Lacs per month. For the MBA- Human Resource Management batch, 29 prominent companies offered internships with an average stipend of 1.48 Lacs per month. Similarly, the average stipend for the MBA-Business Analytics program was 1.38 lacs from internships provided by 38 companies.
With an impressive array of companies participating in final and summer placements, students across the MBA, MBA-HR, and MBA-BA batches have excelled, securing lucrative roles and internships across diverse sectors. During the last academic year leaders from more than 50 companies visited IIM Ranchi visited to take guest lectures for students. These impressive figures mark yet another successful chapter in IIM Ranchi’s journey towards IIMRanchi @2030.
