IIM Ranchi, Ranked 24 in NIRF Rankings 2024 among top MBA colleges in India, is a high RoI B-school. IIM Ranchi has registered 7% hike in average salary which has gone up at Rs.17.30 LPA in Placement 2023 for MBA 2021-23 batch while the 2 years program fees, despite its increase remains moderate at Rs.17.20 lakhs as against the fees of 20 to 25 lakhs for other IIMs and top B-schools. IIM Ranchi 2-year MBA Program is a full-time residential course and CAT 2023 is the mandatory exam for admission at IIM Ranchi.