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IIM Ranchi - Brochure - 2011 PDF
IIM Ranchi - Brochure - 2011 PDF
pledged to excel..
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About the Institute
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Chairmans Address
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Directors Address
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Deans Address
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Vision, Mission and Values
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Thought Leaders
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Course Curriculum
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Student Activities
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Corporate Interactions
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Colloquium
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Summer Placements 2011
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IIM Ranchi in News
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Why IIM Ranchi
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Placement Process
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Ranchi City
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Travel & Accommodation
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Placement Committee
IIMR
IIMR
What sculpture is to a block of marble, education is to the human soul - Joseph Addison
IIMR
Chairmans Address
Dear Friends
The Indian economy has left the global recession behind and is now once again heading towards attaining a growth rate
of over 9%. New manufacturing capacities are being created and foreign investors are seeing attractive business opportunities
in this country. The employment potential is growing, especially for persons with good education and skills. The products of
Institutes of Management have always been in high demand, and I expect this situation to continue for many years in the
future.
IIM Ranchi is a new institution which started PGP classes in 2010. The Board of Governors are determined that it should
grow into an institution of excellence, where the quality education and the campus experience compares with the best
management schools in India. Being new, gives us the opportunity to learn from the experience of other IIMs and incorporate
changes which will help us move faster towards our goal. The faculty of IIM Calcutta and XLRI Jamshedpur are helping us
to develop all our educational systems and is also teaching most of the courses. I believe we could not have found a better
way to start.
We are also exploring possible ways of mobilizing funds which can be used for furthering the objective of attaining academic
excellence. We have already started attracting some experienced and reputed faculty to IIMR so that they can take over
from the faculty of IIMC and continue to strengthen our systems, and the quality of teaching.
The Board and I look forward to the continued support from industry and business organizations in India and abroad in our
endeavour to develop bright, young and highly motivated managers for them.
Best wishes.
R C Bhargava 03
Chairman IIM Ranchi
Chairman Maruti Suzuki India Ltd
Directors Address
Dear All
It gives me immense pleasure to present the first batch of 44 students
for placement in leading organizations in India and abroad. We
basically selected students with high level of intelligence as seen by
our median CAT score of 99.65 percentile which is higher than that
of the leading IIMs. They have been taught by the best Finance faculty
from IIM Calcutta and the best in Marketing from the Industry. Three
of our students specializing in HRM did two terms in XLRI, which is
the best in the same area. Additionally, we have had faculty from
US, UK and Philippines imparting most up-to-date knowledge to our
students. We also used visiting faculty from the Industry to expose
them to practical aspects of business.
Best Wishes
M J Xavier
Director IIM Ranchi
IIMR
Deans Address
Dear Friends
IIM Ranchi is perfectly poised to become the centre of Oriental Wisdom
and the finest temple of learning and wisdom in this part of the world.
Its key differentiator is not just its cutting edge curriculum or the galaxy
of leading faculty drawn from all over the world or even the quality
upon their aptitude and career interests. Overall, the graduating batch
Best Wishes
S Verma
Dean IIM Ranchi
Vision, Mission and Values
I
some of the key comments made by these scholars.
ndian management education has largely been shaped
by theories and models developed in the western world, Ms D Purandeswari, Minister of State for Human Resource
particularly the United States of America. With the economic Development, made the following observation during the
liberalization process initiated by the Government of India inauguration of the golden jubilee celebrations of IIMC - "The
in the early '90s the demand for management education recent corporate scams have raised serious questions on
has been on the rise in India. We now have more than the usefulness of management education. Critics maintain
3000 Institutions that offer management education in the that management education in leading business schools to
country. With stagnation in the enrollment in the West, create profit seekers who have scant respect for social
several internationally reputed schools are eying on the development". All these point to the fact that MBA education
Indian market for more students. In this context, IIM Ranchi is at the cross-roads and we have a great opportunity to
cannot be yet another business school offering the typical develop a new format that is holistic and would have
US model of education. universal appeal and reach.
Thought Leaders
T he IIM Calcutta faculty, regarded the best in Asia, is taking care of the pedagogy in the initial years of IIM
Ranchi. The IIM Calcutta faculty is acting as visiting faculty currently.
Micro Economic Analysis for Business Decision Macro Economic Analysis for Business Decision
Financial Reporting and Analysis Cost Management
Organizational Behaviour Organizational Theory
Statistics for Business Decision Analysis and Operation Research
Legal and Social aspects of Business Business Ethics and Values
Term 2
Term 1
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Intellectual growth should commence at birth and cease only at death - Albert Einstein
IIMR
Brand Management
Business Analytics
Business Valuation
Consumer Behaviour
Customer Relationship Management
Fixed Income Markets
Investment Analysis and Portfolio Management
Logistics and Supply Chain Management
Options & Futures (Derivatives)
Process Excellence & Quality Management
Sales and Distribution
Term 4
Inner Development
New Product Development & Product Management
T he students at IIM Ranchi know that they are the building blocks of
a great Institute and the members of the torch-bearing batch. This
realization has added to the overall vitality of the batch and developed
a sense of responsibility in whatever they do.
When the students of the first batch had joined the Institute, IIM Ranchi
was merely a concept. A lot of work had to be done to transform it into
a reality. Any Institution is more than just bricks and mortars and a few
classrooms. There were traditions to be formed, expectations to be lived
upto and standards to be set. This challenged the students to bring out
their best, and then some more. The factor that drives the students here
is that whatever they do will be handed over to posterity.
For this reason, you will find that the students here are always occupied
with some or the other activities. While in one of the hostel rooms, a
heated discussion is on to decide the name of the marketing club, in
some other room you will find the IT committee planning the whole IT
infrastructure of the Institute.
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Believe that life is worth living and your belief will help create the fact - William James
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The Clubs and Committees E lsewhere the sports committee is busy scheduling
the next table tennis tournament. In a nutshell, the
Institute is developing a student driven approach which
PGP Committee is subtly directed by the faculty and administration.
IT Committee Though the Institution is hardly six months old, a gamut
Sports and Cultural Committee of clubs and committees have already been set up
and witness enthusiastic student participation. The 11
various committees that ensure a proactive student
Marquess involvement are - the Placement Committee, Mess
The Marketing Club & Facilities Committee, Sports & Cultural Committee,
PGP Committee and Literary & PR Committee. All the
Finesse committees strive to fulfil the basic student requirements,
The Finance Club to build corporate tie-ups, and to ensure a smooth
Aayam functioning of the whole student body. Various
The Entrepreneurship Club management clubs have also been formed. These
include Finesse, Sankriya, Marquess, Gnosiomania,
Quizneyland and Samarpan. The clubs provide the students an
The Quizzing Club opportunity to follow their interests and to help in an
The Media and PR Cell all round development.
Committees on Campus
PGP Committee
12 The PGP Committee serves as the single point of contact between the students and the academic section of the college. Apart
from sorting out academic issues/grievances of the students, the Committee members are also required to ensure that all
communication by the college regarding assignments, schedules and various other academic affairs are directed towards the
students. This ensures a smooth functioning of the student body.
IT Committee
The IT Committee at IIM Ranchi was formed with the primary intent of integrating technology with learning. The students in this
Committee are not only responsible for establishing LAN/ WiFi connectivity in the campus but also for conceptualizing and designing
the IIM Ranchi website and students blog. Currently, the Committee is working on the implementation of the ERP and LMS
(Learning Management System). The infrastructure will be enhanced to include Smart Classrooms/ Library to facilitate learning
through course lectures as well as corporate interactions.
Clubs on Campus
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C
the Dos and Donts of corporate life. Scheduled at very beginning
olloquium 2011, is a series of guest lectures to empower of the MBA curriculum, this Program empowers students to
the students. The Program aims at introducing the students to assess their areas of strength enabling them to choose the right
different business functions and giving them a flavour of the career.
organizational culture. As part of the program, senior executives
Above all, the Program gives the students an opportunity to
from different domains are invited to share their personal and
interact with prominent Business Leaders. Herein, they would
professional experiences. These executives speak on a variety
be able to learn from these esteemed guests and understand
of topics covering the areas such as Finance, Marketing, what separates the leaders from the rest of the pack. Through
Consultancy, Operations and HR. This not only enables the the interactive sessions, students come to know the ups and
students to develop business competencies but also help them downs these leaders faced and how they handled critical
improve on their soft skills. This event makes them understand situations.
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Mr Atul Sinha said, It was great to interact with highly knowledgeable and enthusiastic students. Best wishes to all of them.
Mr Ajay Garg said, Very nice interaction with the entrepreneurial batch.
As we look ahead into the next century, Leaders will be those who empower others - Bill Gates
Summer Placements 2011
IIM Ranchi, the 8th in the IIM fraternity, received great industry encouragement in the first year of its establishment. Despite
facing hurdles like not having an established system in place, any alumni base and lack of awareness in industry, IIM Ranchi
succeeded in having a fully paid summer internship. The fact characterizes a proper placement process for getting internship
offers for all students of the batch.
A diverse range of profiles were offered that included Corporate Finance, Financial Consulting, Strategy, Media Marketing, Hospitality
Management, IT Consulting apart from the regular profiles such as Sales & Marketing, Corporate Banking, Operations and HR.
Considering IIM Ranchi had the highest percentile CAT cut-off last year, various companies agreed to offer niche profiles to the
students. The role of financial markets analyst by CNBC Group was offered solely at IIM Ranchi. A market leader in its segment
offered a strategy role at the Marketing Directors desk of the company. IIM Ranchi was the only IIM in the country to be offered
the coveted operations profile by Toyota. IIM Ranchi was among the few IIMs to have interns working at Nokia.
Companies by Sector
Banking & Finance Standard Chartered Bank, HSBC, CNBC Group, ICICI Bank, Yes Bank, L&T Finance, Clearing Corporation
of India
Consulting Ernst & Young, PricewaterhouseCoopers, Wipro Consulting, Index Advisory, Asclepius Consulting
Sales & Marketing Nokia, Vodafone, Dabur, Wrigley, iCRM, HT Media, Hindustan Pencils, Maruti, Exide.
Others Boston Scientific, Oberoi Group, Logica Worldwide,
Following were some of the factors behind the success
Support and encouragement from IIM Calcutta, the Mentor Institute
Image of Jhvarkhand as the educational hub with many prominent institutes nearby
Resourcefulness and guidance from the administration
A hard-working and diligent placement team
IIM Ranchi is also in the process of inviting different corporates for guest lectures and corporate talks in an attempt to build long
lasting and fruitful corporate relations.
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Proud Recruiters
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The programme will be a great help for executives in companies Students have got placements in financial consulting, strategy,
operating in the state, Xavier said. hospitality management, IT consulting, statistics and economic research,
said he.
Meanwhile, IIM-R, in consultation with its mentor IIM-Joka, has already
shortlisted names of about 40 aspirants who have applied for teaching According to Patel, sales and marketing was the most preferred
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posts in the new management cradle. area on campus with 31.82 per cent offers, while finance roles were
second with 29.54 per cent offers. Offers from operations and
We got responses from over 700 candidates. We have shortlisted
consulting were around 11.36 per cent and 13.64 per cent, respectively.
40 who would be called for interviews in the last week of January
and first week of February. We aim to finally recruit eight, said "A multi-national market research company offered international
Xavier, adding that the interviews would take place in Calcutta. summer internships to two students in Singapore and Malaysia. The
highest stipend offered was Rs 1.6 lakh. The average stipend offered
The first batch of 44 IIM-R students is being taught by faculty from
to the batch of 44 students was close to Rs 55,000 for two months,"
IIM-Joka. But after the recruitment of quality teachers, there would
be less dependence on guest faculty. said Patel.
IIM Ranchi in News
Management education world over is in a crisis mode. People blame Half the class-rooms will be lecture theaters and the rest will be
the recent global financial crisis to the short sighted approaches of designed for experiential (activity-based) learning. There will also be
the management graduates trained in western management concepts. a prayer hall for meditation.
West is looking to the east for new directions. That is where we Q. How do you rate the placements for your first batch students
want to do basic research and attain thought leadership through who have passed out this year?
erudite fusion of eastern and the western models. The center for
research in Indian Management at IIM Ranchi will play a pivotal role A. The first batch is currently in summer internship. Our students
in making IIM Ranchi a world renowned center for new insights in have got placement in top ranking companies for their summer
management. internship. The average pays for the eight week period of Rs. 55,000
is comparable to the best in the country; the minimum being Rs.
We also would like to reach out to the smaller B-schools and 15,000.
contribute to the holistic development of the society and the environment.
We have got good stipend for all the students in high profile companies.
Q. IIM Ranchi came into existence in 2010. What key challenges/hurdles This was mainly possible because we have high quality students
have you faced since the inception? with high CAT scores. We also managed a piggy ride on IIMC and
A. IIM Ranchi got a head-start compared to other new IIMs, since also used my contacts in the Industry. We hope to get a number
it was mentored by IIM Calcutta (IIMC). Even before I was appointed of pre-placement offers. From the initial reports I have received from
as the Director in November 2010, the first batch of 46 students the companies, our students are doing exceedingly well.
with an average CAT score higher than leading IIMs were attending The next batch of 70 students should have no difficulty in getting
classes taught by IIM Calcutta faculty. Everything was given to me paid- summer-internship for all and we will get excellent final placements
in a platter. for all the 46 first batch students. It is not the money that matters,
The downside is that the IIMC culture (excessive analytic orientation) but the impact that our students make as change agents who not
has got ingrained to some extent. It is not that the same is bad, only take care of the business but also the society and the environment.
excepting that we do not want to be seen as a division of IIMC. The Q. What plans do you have for IIM Ranchi for the academic year
challenge initially was to get the students buy-in to the vision I have 2012?
set forth for the Institute. We have now introduced courses/modules
A. We would like to give equal emphasis for knowledge creation as
on Indian culture, inner development, rural immersion, and business-
well as knowledge dissemination. We want to conduct research on
government-and-society.
business analytics, neuro-management and Indian management and
We do not want to set benchmarks for IIM Ranchi based on other organize international conferences on these areas during 2012.
Institutes. Our vision is to set standards for others to follow. I do have
As regards new courses, we plan to launch a part-time executive
a challenging task ahead in terms of getting the right team of faculty,
PGDM which will be taught during weekends. We also plan to mentor
staff and students who can make it happen.
second level B-schools in Jharkhand and improve their quality of
Q. IIM Ranchi, IIM Rohtak, and IIM Raipur the three Rs -- conducted education.
22 the first Common Admission Process for the admission of 2011 batch.
What have been the learnings from the joint admissions process?
Was it a success?
A. We also had IIM Tiruchirapalli included in the common admission
process. This was greatly appreciated by the students and parents. 19 February 2011
We four Directors have become close friends. We have saved
money. The entire process was coordinated by Prof. Rameshan, IIM Ranchis 1st summer internship: Two niche offers, sales and
Director, IIM Rohtak. He single handedly managed the entire process marketing most preferred
smoothly. We have learnt a lot from his meticulous planning. Next The entire batch of 44 students secured a fully paid summer
year, IIM Ranchi would coordinate the entire admissions and we plan internship in its first year of operations at IIM Ranchi. The 8th in the
to have common criteria across the four IIMs and also plan to have IIM pool, received a total of 51 offers which were made by 24
counseling sessions for coordinating admissions to the four IIMs. companies. Job profiles included financial consulting, strategy,
Mr. R C Bhargava has always been in favor of sharing resources hospitality management, IT consulting, statistics, economic research
across IIMs. MHRD has been very supportive of collaboration across apart from the regular profiles such as sales & marketing, corporate
IIMs. We recently had a meeting of the Directors and Chairpersons banking, operations and HR.
of six new IIMs (the other two being IIM Udaipur and IIM Kashipur) Sales & Marketing was the most preferred area on campus with
to work out strategies to share resources and chalk out growth 31.82% offers while finance roles were second with 29.54% offers.
strategies. It is most likely that we will have six new IIMs doing joint And 11.36% and 13.64% offers were made in operations and consulting
admissions next year. respectively.
Q. What advantages are there for the students studying at IIM Ranchi A multi-national market research company offered international
when compared with already established IIMs like IIM-B, IIM-C? summer internships to two students in Singapore and Malaysia. The
A. We want to create new standards to measure the success of highest stipend offered was Rs. 160,000. The average stipend offered
any B-school. We want to produce management graduates who to the batch of 44 students was close to Rs. 55,000 for two months.
are thinkers, philosophers, and team-players. Only such people can There were some niche profiles too. The role of financial markets
look at issues from a holistic and long-term perspective and take analyst by CNBC Group was offered solely at IIM Ranchi. A market
decisions that take care of multiple stake-holders. The education that leader in its segment offered a strategy role at the Marketing Directors
we impart in IIM Ranchi is such that it will propel them to leadership desk of the company. IIM Ranchi was among the few IIMs to have
positions in business and society. IITs and IIMs have produced many interns working in the marketing division of Nokia.
successful business leaders but not necessarily well respected by
Sector wise break-up of companies:
the society. Our students stand to gain from our holistic education
and preparation for life rather business alone. Banking & Finance: HSBC, Standard Chartered Bank, CNBC Group,
ICICI Bank, Yes Bank, L&T Finance, Clearing Corporation of India
Q. IIM Ranchi has finally been allotted land for permanent campus
recently. What will be the unique aspects of the campus? Consulting: Ernst & Young, Pricewaterhouse Coopers, Wipro Consulting,
Index Advisory, Asclepius Consulting
A. We plan to grow vertically and also have centrally air-conditioned
classes and hostels. That way the initial 10 lakh square feet of Sales & Marketing: Nokia, Vodafone, Wrigley, Dabur, HT Media,
construction will not take up more than 30 acres, leaving the remaining Hindustan Pencils, Exide.
70% of land for future growth. Needless to say, it will be a green Others: Boston Scientific, Oberoi Group, Logica Worldwide, Maruti
building, preferably, platinum rated.
Why IIM Ranchi
Culture
1,85,000
Being a young Institute, much effort goes into setting up of different
processes that are already present in established B Schools. Various Total No. of Applicants for CAT 2010
student-run Clubs and Committees on campus have taken complete
website ready right from the design to final implementation and Total No. of Applicants for IIM Ranchi
regular updating. This student involvement in important B School
Course Curriculum 67
The course curriculum of IIM Ranchi has been designed and improvised
No. of Students Admitted to PGP Batch 2011-13
by faculty members from IIM Calcutta. With a clear emphasis to all
introduced for first time in the country. IIM Ranchi is the only B School Corporate Relationships
in the country to offer the Capston Business Simulation Course for IIM Ranchi received great Industry support during the first Summer
its flagship PGP curriculum. This course is known world over as the Internship process. With selective recruiters like Nokia and Dabur 23
best way to teach Strategy, Cross Functional Alignment and Selection showing faith in the students, the process was a resounding success.
With just one month after their summer internships, 6 students from
of Tactics to build a successful company. Most other B schools
the first batch have already received PPOs / PPIs from various
restrict this course only for executive programmes.
reputed organizations. Additionally, within just one year, corporate
Faculty representatives from companies like HSBC, JP Morgan, Deutsche
Bank, ICICI Securities, Copal Partners, Dabur, The Nielsen Company,
In an attempt to ensure that even in the formative years, the students
PWC, Kotak Mahindra Bank, Edelweiss, Coca Cola, Diageo, Britannia,
are taught by world class faculty members, IIM Ranchi has received
Dr Reddys, Pepsico, Ernst n Young, SocieteGenerale, Deloitte and
great support from IIM Calcutta and XLRI Jamshedpur. IIM Ranchi
many others have visited the campus for various talks and events.
functions primarily on a visiting faculty model. Around 90 percent of
City
the visiting faculty are from these established B Schools. Apart from
this, six permanent faculty members have joined the Institute from Ranchi has always been known as the intellectual capital of the East.
highly competent batch. Even more, the call to convert ratio for IIM
Ranchi was 1:20 which was by far the best among all IIMs.
Rank does not confer privillege or gives power. It imposes responsibility - Peter Drucker
Summer Placement Process
Stages
1 Company interacts with the students on campus
through Guest Lectures, Corporate-Campus Building
exercise, Live Projects, Competitions etc.
2 The profiles of the students are sent to the
Companies.
3 Company conducts a Pre-Placement Talk.
4 Company asks for resumes of the interested
candidates.
5 Companies are called to the Campus for
interviews during Placement Season.
Tentative Dates
Pre-Placement talk starts - 12th September 2011
Summer Placement Process starts - 3rd week
of October 2011
Final Placement Process
Stages
1 Companies make a Pre-Placement Power Point
Presentation (PPT) to provide an opportunity to the students to seek clarity on the profile of the company, position and role offered,
remuneration package and other relevant information
2 Profile and resume of interested students are sent to the Companies.
3 Interviews are conducted on-campus or off-campus through Video Conferencing or Telephonic Conversation.
Tentative Dates
Pre Placement talks starts - 1st November 2011
Final Placement Process starts - Mid December 2011
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Logic will get you from A to B. Imagination will take you everywhere - Albert Einstein
Ranchi - City of Tradition
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Flight Schedule
Accommodation
Hotel Contact No.
Radisson Blu 0651-6602222
Capitol Hill 0651-2331331
Capitol Residency 0651-6607777
Yuvraj Palace 0651-2480326
Hotel Chanakya 0651-2461481
Placement Committee
Ankur Tiwari
+91 9431104324
ankur.tiwari10@email.iimranchi.ac.in
Shubhankar Rai
+91 9431104325
shubhankar.rai10@email.iimranchi.ac.in
Kumar Abhishek
+91 9771496338
kumar.abhishek10@email.iimranchi.ac.in
Ankit Goel
+91 9771496337
ankit.7goel10@email.iimranchi.ac.in
Pratyush Raj
+91 9771496339
pratyush.raj10@email.iimranchi.ac.in
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Every man dies, not every man really lives - William Wallace
sangya.22@hotmail.com / IIMR - 02/11