Top Reasons Why IIM Ranchi is Ideal for Finance Enthusiasts

“The best finance executives are made, not born. They absorb information, study their own experiences, learn from their mistakes, and evolve.” Stephen A. Schwarzman. This statement was made by one of the top financiers in the world, and it accurately depicts what it takes to be a finance professional. If you want to enter this profession, you must learn, learn, and learn. What better place than IIM Ranchi to start this learning journey? The Indian Institute of Management Ranchi is not just an institute but a beacon of hope.

NIRF ranked this institute 17th, making it among the top B-schools in the country. If you are a finance enthusiast and love to play with numbers, this is the right opportunity. This blog is your guide to IIM Ranchi and why you must choose the institute for a career in finance. Get ready to become a part of the competitive landscape with IIM Ranchi.

About the College

Established in 2009, the Indian Institute of Management Ranchi offers a serene academic ecosystem. This institute is one of the leading business schools in the nation. It provides academic excellence, multiple programmes, and an impressive placement record. The institute has covered everything from two-year postgraduate programmes to four-year doctoral programmes. IIM Ranchi also fosters a research-backed environment within the campus. The institute has appointed some industry experts as faculty members to complement it. Starting from cutting-edge academic programmes to a culture of experimentation and initiatives, IIM Ranchi has numerous advantages.

Highlights of the Institute

• Ranked 17th by NIRF in 2024 (under the top management institutes category).

• Offers merit-cum scholarship for academically outstanding.

• Introduced new academic areas to keep the programmes relevant and up to industry standards.

• Enjoy electives such as cinematography, tribal language, water management, sports management, etc.

Finance Specialisations and Electives

IIM Ranchi offers a regular and executive MBA programme with specialisation and electives in finance. Core and elective courses build your understanding of financial markets, private equity, investments, etc. You will also find some advanced courses in finance, such as accounting, risk management, banking and finance, etc.

If finance piques your curiosity and you want to undertake original research, then you can also pursue a PhD with a specialisation in finance. This would help you to build a niche in the field. Gain advanced analytical and research capabilities with the doctoral programme. Along with education, you would also receive comprehensive financial support covering all your academic and living costs. This is your opportunity to benefit from a mutually beneficial arrangement.

Finance and Accounting Faculties

Imagine being supported by the most versatile and knowledgeable faculty members in pursuing your dreams. These faculty members at IIM Ranchi are experts in imparting cutting-edge finance knowledge. They offer theoretical knowledge and practical insights to help you pursue your aspirations. These members have honed their skills from their industry and field research experience.

As an aspiring finance enthusiast, you can master the science of finance with these faculty members. You would not only develop your financial skills but also an understanding of the finance-related professions. These educators not only educate you but nurture you for a finance-related profession. You can enter the finance world and conquer the profession with their mentorship and guidance.

Top Placements

Let IIM Ranchi be your launchpad for a career in finance. With an 8.05% rise in the average CTC and a 6.48% rise in the highest CTC, IIM Ranchi has yet again proved its efficiency. This year, BFSI and the fintech sector saw the highest placement offers. Imagine kickstarting your finance career with organisations like JP Morgan Chase & Co., ICICI Bank, and Wells Fargo.

Moreover, this year, there was a 14.8% increase in placements in the finance space compared to last year. This represents the institute’s commitment to producing future leaders. Adding to it all, the highest CTC achieved in the finance sector was INR 37.80 LPA. Step into a world of highly lucrative professions with a top management school.

Here is the list of CTCs achieved percentile-wise in the finance domain:

• Average top 10% percentile: 27.26 LPA

• Average top 25% percentile: 24.61 LPA

• Average top 80% percentile: 20.52 LPA

Top Prospective Recruiters

The institute witnessed some of the top international and national organisations in the placement drive in 2024. Check out the list of esteemed companies:

Prominent Roles Offered

Curious as to what kind of roles you can unlock in the finance world?

*Please remember that this pay range is subject to location, experience, organisation, etc.

Essential Skills For a Finance Enthusiast

Finance is a competitive and dynamic industry. You need theoretical knowledge and technical and soft skills to build a successful career in this field. These skills would help you navigate the complexities of the real world. Let’s identify these skills:

• Financial Analysis and Model Building

• Data Analytics

• Technology Adaptability

• Research and Analytical Skills

• Cross-Cultural Competencies

• Risk Management and Compliance

• Networking Building

• Effective Communication

• Leadership and Team Management

• Strategic Thinking

• Problem-Solving

Eligibility for IIM Ranchi MBA in Finance

IIM Ranchi has provided a Master of Business Administration (MBA) degree since the beginning. This is a flagship course offered by the institute. To get admission to the college, you must appear for the Common Admission Test (CAT), followed by a personal interview. But before you appear for the admission test, you must also check the eligibility. Don’t worry, as we have covered it right here:

1. A bachelor’s degree with a minimum of 50% marks and 45% marks for the SC, ST, and PwD categories or must possess an equivalent qualification approved and recognised by the Government of India.

2. Final-year students can also apply; however, admission is provisional and will be confirmed only after the mark sheet and a degree are submitted.

Final Tips for You to Unlock IIM Ranchi

Stepping into the world of finance is like entering the world of mystery. Knowing how to manage the kind of turbulent economy we live in is essential. To learn these strategies with IIM Ranchi, you must be admitted to this top business school. Let’s find out tips for a sure shot admission to the institute:

• Make sure to cross-check the eligibility criteria of the institute.

• Register for the Common Admission Test initially only, rather than keeping it for the last, to avoid any last-minute mistakes.

• Prepare well for the exam. Follow a strategy to finish it on time.

• Practice a lot. Solve as many mock tests as possible.

• Additionally, prepare for the personal interview well, which carries the highest weightage.

• Work on your communication skills to ace the interview.

• Keep track of the exam and interview dates.

• Don’t forget to have a backup college ready.

Conclusion

Get on this transformative professional journey with IIM Ranchi. Choose robust industry-specific finance programmes to enter this dynamic profession. The institute offers top placement records, expert faculty members, and more. Gain a mix of theoretical knowledge and practical experience with top organisations. Acquire skills to initiate your career in finance. From highlights of the college to the top job opportunities, find the top reasons IIM Ranchi is the best choice for a finance enthusiast. This blog is your complete guide for starting an MBA specialising in finance.