IIM Ranchi Fees: Indian Institute of Management Ranchi is one of the prestigious Indian Institutes of Management in India. It was established in 2010 and has since gained recognition for its quality education and management programs. IIM Ranchi offers various management programs, including the Post Graduate Program (PGP), Executive Post Graduate Program (EPGP), Fellow Program in Management (FPM), and various executive education programs.
In this extensive guide, I will provide detailed information about IIM Ranchi’s fees for these programs, financial assistance options, and other relevant details.
Post Graduate Program (PGP) at IIM Ranchi
IIM Ranchi’s Post Graduate Program (PGP) is a flagship management program designed to groom students for leadership roles in various industries. It is a two-year full-time residential program. Here are the details of the fees for the PGP program:
- Tuition Fees: As of my last update in 2021, the tuition fees for the entire PGP program at IIM Ranchi were approximately INR 15 lakhs for Indian students. Please note that fee structures may change, so it is essential to check the official IIM Ranchi website for the most up-to-date information.
- Hostel Accommodation: IIM Ranchi provides hostel accommodation to PGP students. The hostel charges typically include room rent and other amenities. The specific charges may vary depending on the type of accommodation chosen.
- Mess Charges: Mess charges cover the cost of food provided in the institute’s mess facilities. The cost may vary based on the type of meal plan selected by the student.
- Other Miscellaneous Fees: There may be additional fees for academic resources, library access, medical facilities, and extracurricular activities.
Executive Post Graduate Program (EPGP) at IIM Ranchi
IIM Ranchi’s Executive Post Graduate Program (EPGP) is designed for mid-career professionals looking to enhance their managerial skills. The program is typically one year in duration. Here are details regarding the fees for the EPGP program:
- Tuition Fees: The tuition fees for the EPGP program at IIM Ranchi may vary from year to year. EPGP students gain access to advanced management courses and resources, which are reflected in the program’s fee structure.
- Accommodation Charges: EPGP students are provided with accommodation on the institute’s campus. The accommodation options and associated charges may vary.
- Other Program-Related Expenses: In addition to tuition and accommodation, the program fee may cover other expenses related to study materials, access to the institute’s facilities, and certain extracurricular activities.
Scholarships and Financial Assistance for PGP Students
IIM Ranchi offers various scholarships and financial assistance options to support PGP students in managing their educational expenses. Here are some key points regarding scholarships:
- Merit-cum-Means Scholarships: These scholarships are awarded to deserving students who demonstrate both academic excellence and financial need.
- Category-based Scholarships: Scholarships may be available for students from specific categories such as Scheduled Castes (SC), Scheduled Tribes (ST), Economically Weaker Sections (EWS), and Persons with Disabilities (PwD).
- Institute-specific Scholarships: IIM Ranchi may offer scholarships specific to the institute, with eligibility criteria and application processes provided on the official website.
- Corporate Scholarships: Collaborations with corporations and organizations may lead to scholarships tied to certain conditions, such as pursuing a specific career path or working for the sponsoring organization after graduation.
- Fellowship and Research Assistantship: For students pursuing the Fellow Program in Management (FPM), fellowships and research assistantships may be available to support their doctoral studies and research projects.
Financial Assistance for EPGP Students
While the EPGP program primarily caters to working professionals, financial support and sponsorship from employers can be crucial. Here are some aspects to consider:
- Employer Sponsorship: Many working professionals pursuing the EPGP program receive financial support or sponsorship from their employers. This support may cover part or all of the program fees.
- Educational Loans: Some financial institutions offer educational loans tailored to executive education programs, making it easier for professionals to manage their program expenses.
Fellow Program in Management (FPM) Fees
The Fellow Program in Management (FPM) at IIM Ranchi focuses on research and academia, preparing scholars and researchers in the field of management. Understanding the financial aspects of this program is vital:
- Tuition Fees: FPM students at IIM Ranchi often receive a full waiver of tuition fees. This financial support allows them to concentrate on their research and academic pursuits without the burden of tuition expenses.
- Stipend/Fellowship: FPM students typically receive a stipend or fellowship to support their living expenses during the program. This stipend helps cover accommodation, food, and other personal expenses.
- Research-Related Expenses: FPM students may incur research-related expenses, such as travel for fieldwork, conference attendance, and research materials. In some cases, the institute may provide additional funding or grants to support these activities.
Executive Education Programs Fees
IIM Ranchi offers a variety of executive education programs and short-duration courses designed for working professionals and corporate executives. These programs cater to specific skill development and knowledge enhancement needs. Here are key points to consider:
- Program-Specific Fees: The fees for executive education programs vary depending on the program’s duration, content, and target audience. Participants should review program details on the official IIM Ranchi website or contact the institute’s executive education department for fee information.
- Customization for Corporates: IIM Ranchi often customizes executive education programs for corporate clients. Fees for these customized programs are determined based on the specific needs and requirements of the organization.
- Financial Support: Some organizations offer financial support to their employees attending executive education programs at IIM Ranchi. Participants are encouraged to check with their employers regarding available sponsorship or support.
FAQs
Scholarships and financial assistance options for EPGP students may vary. EPGP students are often sponsored by their employers, but they should check with the institute for any available scholarships or support.
Information about scholarships and financial assistance, as well as the application process, is typically provided on the official IIM Ranchi website. Students should review the eligibility criteria and application deadlines for each scholarship opportunity.
FPM students at IIM Ranchi may receive a full waiver of tuition fees. The institute typically provides stipends or fellowships to support their living expenses and research-related expenses.
Financial support for executive education programs may vary. Some organizations offer financial assistance or sponsorship to their employees attending these programs. Participants should inquire with their employers about available support.
The process for applying for fellowships and financial support for FPM students may vary. Typically, FPM students are automatically considered for fellowships upon admission, and the specific terms and amounts are communicated by the institute.
