Emerging B-Schools 2014: IIM Ranchi
IIM Ranchi, considered to be the ninth IIM in the country, was established in 2010. One of the most striking differences between IIM Ranchi’s vision and other management institutes in the country is the fact that the institution does not singularly aim to produce leaders. On the contrary, the institution claims to create servants of the business and the society. Instead of focusing on the values of hyper competition and goal orientation, IIM Ranchi encourages its students to understand the aspects of the business and the society that need attention and the tools and the capabilities to resolve them.
IIM Ranchi offers a two-year PGDM in General Management and another two-year full-time programme on Human Resource Management. It also offers a Fellow Programme in Management and 18-month part time Diploma in Management (PGEXP). Admission to the regular PGDM full-time programmes are entertained through the Common Aptitude Test (CAT) scores.
Within a short period of time since its inception, the institution has made a credible placement record. It is a preferred destination for several corporate establishments and its placement records show that some of the most prolific business school recruiters of the country feature in the placement companies’ list.
Faulty at IIM Ranchi comprises core and visiting faculty with highly credible academic or professional records. Faculty comprises teachers who have PhDs from reputed national and international establishments in several niche aspects of management, including economics, public policy, operations, finance, strategy, HR and information systems.
The institute’s Board of Governors is chaired by R. C. Bhargava, who is the Chairman of Maruti Udyog Limited. The institute has advisors who are prominent academicians and industry leaders and it is through these associations that the institute regularly updates its pedagogy, academic literature, and learning standards.
The institute offers a campus environment tailored to create disciplined and balanced individuals. Punctuality is greatly valued in the campus and the student experience is designed to bring the best out of a student’s mental and emotional capabilities. The campus offers several avenues for recreational pursuits such as sports and culture.
The institute terms its library as “Athenaeum – The Learning Resource Center”. The state of the art library blends both print and online books, journals, and databases. It offers a student subscription to several leading research databases, such as EBSCO, ISI Emerging Markets, CRISIL research, and Wiley e journals. The institute also offers computing and IT infrastructure which is in line with the latest in educational technology.