Indian Institute of Management Ranchi, the ninth member of the prestigious Indian Institutes of Management family was established on December 15, 2009, under the Societies Registration Act, 1860, under the aegis of the Ministry of Human Resource Development, Government of India with the extensive support of the Government of Jharkhand. The Institute has been accorded the status of ‘Institution of National Importance’ by the introduction of IIM Act 2017
We started at a time when the management education world was criticized for over emphasis on competition, aggression and achievement of results by any means. The biggest challenge was to revive the aura and exclusivity of classroom-teaching in an era ruled by the advent of technology in education as well. There was an evident void in terms of fulfilling the requirements of firms that employ management students.
It was of utmost importance to rebuild the curriculum so as to bridge the gap between what was taught and what was needed in the actual business circles. Moreover, it became all the more important to imbibe in students the feeling of returning to society. We understood the need to incorporate right values in the young minds and also impart education relevant for an information age that encourages networking and collaborative advantage. Also we decided to build contextual knowledge into the programs.
IIM Ranchi currently offers a two year PGDM in General management, which is our flagship programme. Going by the growing importance and indispensability associated with human resources, we are the only IIM offering a full-time two year programme in Human Resources Management (PGDHRM). We also offer a Fellow Program in Management (FPM), a fellowship programme funded by the government and a 24-month part time Diploma in Management (PGEXP). We have also launched a certified Barefoot Manger program to promote entrepreneurship and to impart livelihood skills among the school dropouts and illiterates. Our programs are carried out in a world-class fashion with students being exposed to case-studies, relevant projects and relevant industry experience apart from class pedagogy.