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IIM Ranchi Placements 2024: Average and Highest Package, Sector-Wise Analysis and More

16 September, 2024
Priyal Kakaye

IIM Ranchi Placements 2024 report has created opportunities and outcomes for its graduates. This year’s placement report reveals significant achievements and challenges, marked by a notable highest package of INR 37.8 LPA and an average package of INR 18.69 LPA.

 

 

The diverse sector-wise distribution highlights the prominence of the BFSI and Fintech sectors, while the year-wise comparison showcases the evolving trends in salary packages and recruitment patterns. This analysis blog has specifics of IIM Ranchi’s 2024 placements, examining sector-wise performance, domain-wise salary trends, and comparisons with previous years to provide a comprehensive overview of the institute’s placement success and industry relevance.

 

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IIM Ranchi Placements 2024 Report

In 2024, IIM Ranchi achieved the highest package of INR 37.8 LPA and an average package of INR 18.69 LPA, with significant representation in the BFSI and Fintech sectors. The median package stood at INR 18 LPA, reflecting solid placement outcomes. Top recruiters included Deloitte, Capgemini, and Amazon, among others.

 

Particulars

Placements Statistics (2024)

Number of Recruiters 76
Number of PPOs 41
Highest Package INR 37.8 LPA
Average Package INR 18.69 LPA
Top 10% Average Package INR 29.20 LPA
Top 25% Average Package INR 24.55 LPA
Top 80% Average Package INR 19.80 LPA
Median Package INR 18 LPA
Top Sector BFSI & Fintech
Top Recruiters Deloitte, Capgemini, Amazon, JP Morgan Chase & Co., Cognizant, Genpact, IBM

 

Know more: Management Development Institute (MDI) placements report 2024 

 

IIM Ranchi Placements Year Wise Comparison

In the year-on-year comparison, IIM Ranchi’s placement statistics for 2023 show an increase in the highest domestic package to INR 35.5 LPA and an average package of INR 17.3 LPA, up from INR 16.17 LPA in 2022. The number of recruiters also grew significantly from 77 in 2022 to 124 in 2023, indicating expanded recruitment opportunities.

 

Particulars

Placements Statistics (2023) Placements Statistics (2022)
Number of Recruiters 124 77
Number of Students 399 253
Highest Package (International) INR 67 LPA
Highest Package (Domestic) INR 35.5 LPA INR 32.21 LPA
Average Package INR 17.3 LPA INR 16.17 LPA
Median Package INR 16.5 LPA INR 15.50 LPA
Top 10% Average Salary INR 30 LPA INR 25.16 LPA
Top 25% Average Salary INR 24 LPA INR 22.02 LPA
Top Recruiters Microsoft, JP Morgan Chase & Co., Capgemini, Deloitte, Genpact, L&T Google, Dell, Deloitte, Amazon, Wipro, Cognizant, Capgemini

 

The table below shows the top IIMs Placement comparison:

IIMs Highest Package Average Package Median Package Number of Students
IIM Rohtak INR 48.25 LPA INR 19.27 LPA INR 17 LPA 226
IIM Trichy INR 41.61 LPA INR 20.55 LPA INR 19.50 LPA 246
IIM Raipur INR 67.60 LPA INR 21.04 LPA INR 20 LPA 255
IIM Kashipur INR 37 LPA INR 18.11 LPA INR 17.2 LPA 319
IIM Udaipur INR 46.77 LPA INR 20.09 LPA INR 18.53 LPA 301

Know more: Tata Institute of Social Sciences, Mumbai placements report 2024 

 

IIM Ranchi Average Package 2024

IIM Ranchi’s average package for 2024 has risen to INR 18.69 LPA, continuing an upward trend from INR 14.69 LPA in 2021 and INR 15.11 LPA in 2020. This reflects steady improvement in compensation over the past few years, highlighting the institute’s growing appeal and success in enhancing placement outcomes.

Placement Year Average Package
2024 INR 18.69 LPA
2023 INR 17.3 LPA
2022 INR 16.17 LPA
2021 INR 14.69 LPA
2020 INR 15.11 LPA

IIM Ranchi Highest Package 2024

In 2024, IIM Ranchi’s highest package reached INR 37.8 LPA, a decrease from INR 67 LPA in 2023 but an increase from INR 32.21 LPA in 2022. This fluctuation indicates variability in top salary offers across different years, reflecting changing market conditions and recruitment trends.

Placement Year Highest Package
2024 INR 37.8 LPA
2023 INR 67 LPA
2022 INR 32.21 LPA
2021 INR 26.50 LPA
2020 INR 59.36 LPA

 

IIM Ranchi Placements 2023 Sector Wise Analysis

The table below has mentioned IIM Ranchi Placements 2023 each sector wise analysis 

 

Sector CTC Range
BFSI INR 13 – 28 LPA
Consulting INR 11 – 42 LPA
FMCG INR 16 – 20 LPA
Automobile INR 10.5 – 18 LPA
IT INR 11 – 32 LPA
General Management INR 13 – 67 LPA
Others INR 12 – 21 LPA

IIM Ranchi Placements 2024 Domain – Wise

In 2024, Finance leads with the highest package of INR 37.80 LPA, while Strategy & Consulting follows closely with INR 34.91 LPA. IT & Analytics and Operations offer competitive packages, though lower, with the top 10% across domains showing significant earning potential.

 

Particulars Strategy & Consulting Finance IT & Analytics Operations Sales & Marketing
Highest Package INR 

34.91 LPA

INR 

37.80 LPA

INR 

32.50 LPA

INR 

25.12 LPA

INR 

27 LPA

Average Package INR 

22.97 LPA

INR 

19.12 LPA

INR 

19.10 LPA

INR 

17.90 LPA

INR 

17.07 LPA

Median Package INR 

24 LPA

INR 

19.95 LPA

INR 

18 LPA

INR 

17.75 LPA

INR 

17 LPA

Top 10% Average Package INR

 34.91 LPA

INR 

27.26 LPA

INR 

26.23 LPA

INR

 22.19 LPA

INR 

21.54 LPA

Top 25% Average Package INR 

34.47 LPA

INR 

24.61 LPA

INR 

24.12 LPA

INR 

21.55 LPA

INR

 20.17 LPA

Top 80% Average Package INR 

24.92 LPA

INR

 20.52 LPA

INR 

19.91 LPA

INR 

18.57 LPA

INR 

17.82 LPA

 

Conclusion

In summary, the 2024 placement data for IIM Ranchi underscores the institution’s continued growth and adaptability in a competitive job market. With an average package increase from previous years and a significantly higher package of INR 37.8 LPA, IIM Ranchi has demonstrated its ability to attract top recruiters and offer opportunities to its graduates. 

The sector-wise and domain-wise analysis reveals a strong preference for BFSI and Fintech, alongside a robust presence in other sectors such as IT and Consulting. Comparing these trends with those of earlier years highlights IIM Ranchi’s progression and resilience in adapting to evolving industry demands. Overall, the 2024 placement report reflects positively on IIM Ranchi’s reputation and effectiveness in preparing its students for successful careers.

 

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Disclaimer: The information, statistics, and data contained herein are produced, processed, compiled, and based on various sources from the public domain believed to be reliable to the best of our knowledge. These details have been disseminated for reference purposes only and IMS makes no warranties or representations whatsoever regarding the quality, content, suitability, completeness, adequacy, accuracy or timeliness of such information, placement report, and data. Readers are further advised to procure information from the official websites of the respective Universities/institutes/ Business Schools etc.