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

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.

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:

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.

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.

IIM Ranchi Placements 2023 Sector Wise Analysis

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

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.

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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