IIM Ranchi Placements 2023: Top Salary at a Whopping 67 Lakhs

Notably, though this increase in salaries is significant, other second-generation IIMs like Kashipur, Raipur, Trichy, and Rohtak have all seen a double-digit increase in the average and median salaries (up to 22% in the case of IIM Trichy).

The average of the top-10% of all salaries stood at INR 30 lakhs, while that of the top-25% stood at INR 24 lakhs.

Also Read → Final Placements 2023 at India's Top Business Schools - All Reports

Highest salary offered for sales and marketing profile | IIM Ranchi placements 2023

In 2023, the highest salary of INR 67 lakhs came for a sales and marketing profile. On average, the top-paying profile at IIM Ranchi was IT and analytics, followed by Finance.

The average of the top-quarter of sales and marketing offers stood at INR 25.40 lakhs, INR 25.10 lakhs for IT and Analytics, and INR 24.60 lakhs for Finance profiles. Read more details about key salary figures for MBA-HR and MBA-BA in IIM Ranchi's 2023 placement report.

BFSI, IT/ITES, Consulting make up nearly 50% of all offers at IIM Ranchi

In 2023, the BFSI sector was the most sought-after for IIM Ranchi's MBA batch of 2023. Interestingly, preference for the IT/ITES sector was cut in half, compared to last year when almost 33% of the batch took up offers from companies in this sector. Interest in consulting roles also appears to have diminished somewhat as compared to last year.

FMCG saw the biggest relative surge in interest, with 13% of the batch taking up roles in this sector compared to last year's 5%. Other significant increases in sector preferences were seen in manufacturing and pharma and healthcare.

Top brands offer coveted roles at IIM Ranchi in 2023

In 2023, a total of 124 companies participated in IIM Ranchi's placements process, which was an incredible 62% increase in the number of recruiters compared to last year. These companies hired 100% of IIM Ranchi's largest ever batch of 399 students (up from 253 students in 2022). 76 students received pre-placement offers (PPOs).

Top brands hiring for sales and marketing included the likes of Microsoft, AB InBev, Asian Paints, and Maruti Suzuki, amongst others. Roles offered for this domain included digital marketing, product marketing, business development, market research, brand management, and territory sales management.

Companies hiring for finance profiles offered highly coveted roles including asset management, wealth management, corporate banking, investment analytics, retail banking, and equity research.

In 2023, top companies hiring for IT and analytics roles included Accenture, EXL, American Express, and Capgemini, amongst many others. Roles offered included product management, application management, digital consulting, business analytics, project management, and product analytics.

Strategy and Consulting roles included IT consulting, business strategy, tech strategy and analytics, corporate strategy, strategic advisory, and business development.

Companies hiring for operations profiles included Amazon, L&T, UltraTech Cement, Tata Steel, and State Street amongst many others. Ops roles offered included project management, strategic sourcing, supply chain management, operations analytics, business operations, and customer success.