IIM Ranchi fees
Aditi Garg, 15 Nov 2018, #IIM Ranchi
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IIM Ranchi fees -  Relatively new when compared to the grand old IIMs which have existed for decades, IIM Ranchi has managed to seamlessly follow the sterling path laid by its predecessors. Established in 2010, and the ninth IIM to be instituted, IIM Ranchi is known for its flagship two-year PGDM in General Management, a full-time two-year programme in Human Resources Management (PGDHRM), Fellow Programme in Management (FPM), and a 24-month part-time Diploma in Management (PGEXP). Due to the high-quality education, IIM Ranchi is highly sought-after among MBA aspirants. This calls for in-depth understanding of all the aspects of admission, including seats and IIM Ranchi fees and its various programmes. Careers360 brings to you all the details of the coveted programmes including admission and IIM Ranchi fees in this article. 

IIM Ranchi Fees

The fees at IIM Ranchi for PGDM & PGDHRM program for the batch 2018-20 was Rs.14 Lakh. For the upcoming batch, IIM Ranchi fees 2019 is expected to remain along the same lines. Let us understand the fees of IIM Ranchi in detail through semester-wise and instalment break-up. The table below shares details about the fees for IIM Ranchi two-year PGDM and PGD in HR management programme for 2018-20 batch.

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IIM Ranchi Fees Details

S.No.

Particulars

I

II

III

IV

V

VI

Total

1

Admission Fee

1,00,000

-

-

-

-

-

100,000

2

Tuition Fee

70,000

1,70,000

1,70,000

1,78,000

1,70,000

1,70,000

9,28000

3

Course Material

24,000

24,000

24,000

24,000

24,000

24,000

1,44,000

4

Computer Charges 

20,000

20,000

20,000

20,000

20,000

20,000

1,20,000

5

Library Fee

12,000

12,000

12,000

12,000

12,000

12,000

72,000

6

Room Rent

6,000

6,000

6,000

6,000

6,000

6,000

36,000

7

Mess Charges

15,000

15,000

15,000

15,000

15,000

15,000

90,000

8

Caution Deposit 

10,000

-

-

-

-

-

10,000

9

Alumni Fee

10,000

-

-

-

-


10,000

12

Total

2,67,000

2,47,000

2,47,000

2,47,000

2,47,000

2,47,000

1,510,000


It must be noted that:

  • The initial deposit of Rs.1,00 000/- which is required at the time of accepting the offer of admission will be adjusted against the 1st term fees. 

  • The Rs. 10,000/- caution deposit is refundable at the time of leaving the institute subject to be adjusted.

  • The term wise amount which has been indicated above is payable at the beginning of each term.

  • Rs.1,00,000/- has to be paid as acceptance fees through online payment and the balance Rs.1,67,000/- is to be paid before the date of registration as communicated by admission office. 

  • Mess Charges Institute will make mess arrangement for students on chargeable basis. Student will have to make payment towards mess charges at Rs. 15,000/- per term.

IIM Ranchi fees hikes 33 per cent in last 4 years

A consistent trend of fee hike has been observed over last 4 years, where the IIM Ranchi fees for PGDM has gone up from Rs. 10.5 lakh in 2015 to Rs. 14 lakh in 2018 - a whopping 33.3 per cent increase. The table below explains the rise in the IIM Ranchi fee structure. 

Fee structure trends in IIM Ranchi over the years

Year

2015

2016

2017

2018

Fee in (Rs. lakh)

10.5

12.5

13.8

14

IIM Ranchi Programme and Seats

The courses offered by IIM Ranchi are considered to be one of the finest amongst the management institutes in the country. Let us take a look at the number of seats in IIM Ranchi under the respective programmes. 


IIM Ranchi Programme and Seats

Programme name

Number of seats

PGDM

120

PGDHRM

48

Executive PGDM

-

FPM

6

IIM Ranchi - Admission Process

The admission criteria of IIM Ranchi for its Post-Graduate Diploma in Management (PGDM) Programme for the academic year 2019-21 has been announced. The performance in Common Admission Test (CAT) 2018, Personal Interview and candidate's Profile which includes Past Academic Performance, Work Experience and Diversity, have got an equal weightage of 30 per cent each in the final merit list.The selection of candidates for admission in PGDM and PGDHRM at IIM Ranchi is a three-step process:

  1. The first step involves eligible candidates to have a valid score in  CAT.

Here is the section-wise and aggregate percentile cutoff for different categories in CAT 2018 for admissions to IIM Ranchi:  

IIM Ranchi Cutoff for CAT 2018

Category

Sections

Aggregate

VARC

DILR

QA

General

80

80

80

95

NC-OBC

60

60

60

78

SC

50

50

50

60

ST

30

30

30

40

DAP

30

30

30

40

*VARC – Verbal Ability & Reading Comprehension

*DILR – Data Interpretation & Logical Reasoning

*QA – Quantitative Analysis

There are chances that candidates who score the above-mentioned percentile in the exam may not get shortlisted as the figures are just indicative and actual CAT cutoff is expected to be close to the cut-off for previous years. For further processing, a combined shortlist will be prepared of all the shortlisted candidates of all IIMs participating in the Common Admission Process (CAP). Candidates will be ranked for different categories as per the score mentioned in the table.

  1. WAT and PI Process

The second step of the admission process will be conducted at five different centres – New Delhi, Bangalore, Chennai, Kolkata and Mumbai. The exact dates for the same would be communicated to shortlisted candidates in due course.

    3.  IIM Ranchi Admission Criteria 2019 – Final Admission 2019-21

Post WAT and PI process, admission offers would be made on the basis of a merit list. This Consolidated Merit List (CML) would be prepared on the basis of the following components and their corresponding weights. The weightage given to each component is same as last year.

IIM Ranchi Admission Criteria 2019 - Selection Criteria

Component

Points

CAT Score

30

WAT Score

10

PI Score

30

Profile

30

Total

100 

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