The IIM Ranchi MBA program has established itself as one of India’s premier business education offerings, attracting ambitious students from across the country and around the world. Known for its high academic standards, exceptional faculty, and strong industry connections, the program delivers an unparalleled learning experience. Understanding the IIM Ranchi MBA fees is crucial for prospective students, as it enables them to plan their finances and make informed decisions. From the fee structure and hostel charges to available scholarships and payment options, knowing what to expect financially is an essential part of preparing for this prestigious program. The cost of education at IIM Ranchi is a significant consideration, but the return on investment through robust placement opportunities and long-term career growth makes it an attractive option for MBA aspirants.
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IIM Ranchi MBA Fee Structure 2025
The IIM Ranchi MBA fees for the 2025 batch have been carefully structured to include academic fees, hostel charges, and additional living expenses. Below is a detailed breakdown of the fee structure:
| Fee Component |
Term I (₹) |
Term II (₹) |
Term III (₹) |
Term IV (₹) |
Term V (₹) |
Term VI (₹) |
Total (₹) |
| Tuition Fee |
₹3,15,000 |
₹3,15,000 |
₹3,15,000 |
₹3,15,000 |
₹3,15,000 |
₹3,15,000 |
₹18,90,000 |
| Caution Deposit |
₹20,000 |
– |
– |
– |
– |
– |
₹20,000 |
| Alumni Fee |
₹10,000 |
– |
– |
– |
– |
– |
₹10,000 |
| Total (Per Term) |
₹3,45,000 |
₹3,15,000 |
₹3,15,000 |
₹3,15,000 |
₹3,15,000 |
₹3,15,000 |
₹19,20,000 |
The tuition fee remains consistent at ₹3,15,000 per term from Term II to Term VI, while the initial acceptance fee of ₹1,10,000 is adjusted against Term I tuition. The caution deposit is refundable upon program completion, after settling dues.
For more details on IIM MBA fees across other top institutes, check out our blog on IIM MBA Fees 2025: College-Wise Fee Structure, Scholarships, ROI & Comparison.
IIM Ranchi MBA Hostel Fees
Hostel fees at IIM Ranchi are designed to be affordable yet provide necessary amenities for student comfort. The costs include room rent and basic utilities, as detailed below:
| Fee Component |
Per Term (₹) |
Total (6 Terms) (₹) |
| Hostel Rent |
₹30,000 |
₹1,80,000 |
| Utilities & Maintenance |
₹5,000 |
₹30,000 |
| Total |
₹35,000 |
₹2,10,000 |
The hostel charges are payable term-wise, and the total cost for a two-year MBA program is around ₹2,10,000. These fees cover basic accommodation and utilities, while additional services or higher-end rooms may incur extra charges.
IIM Ranchi MBA Mess Fees
The mess fees are mandatory and designed to provide students with nutritious meals. The charges are fixed at ₹28,350 per term, totaling ₹1,70,100 for the entire two-year program. The breakdown is as follows:
| Term |
Mess Charges (₹) |
| Term I |
₹28,350 |
| Term II |
₹28,350 |
| Term III |
₹28,350 |
| Term IV |
₹28,350 |
| Term V |
₹28,350 |
| Term VI |
₹28,350 |
| Total |
₹1,70,100 |
Please note that these fees may be revised periodically based on food price inflation.
IIM Ranchi MBA Executive Program Fees
For professionals looking to enhance their business skills without leaving their jobs, IIM Ranchi also offers the Executive MBA (PGEXP). This hybrid program combines online learning with on-campus modules. Here’s the fee structure for the Executive MBA:
| Fee Component |
Amount (₹) |
| Total Program Fee |
₹12,50,000 |
| Duration |
2 Years |
| Mode of Delivery |
Online + On-Campus |
| Payment Method |
Installments |
The Executive MBA program is ideal for experienced professionals who wish to upgrade their skills while continuing to work. Payment is allowed in installments to make the fees more manageable.
For those considering this option, our guide on Best Online CAT Coaching Platforms for Working Professionals offers tips for balancing work and studies.
IIM Ranchi MBA Scholarships and Financial Aid
IIM Ranchi offers a variety of scholarships to support deserving students. These scholarships are based on both merit and financial need. Here are some of the scholarships available:
| Scholarship Type |
Key Features |
| Merit-cum-Means |
Up to 25 scholarships awarded annually |
| Reserved Category Aid |
Available for SC/ST/EWS/PwD students |
| Income-Based Support |
For students from low-income backgrounds |
| Education Loan Guidance |
Assistance under the Vidyalakshmi scheme |
The scholarships aim to increase inclusivity and provide access to quality education. Students can apply for financial aid by submitting the necessary documents as per the scholarship guidelines.
For more support, consider booking One-to-One Counselling to understand scholarship opportunities better.
IIM Ranchi MBA Fees for International Students
International students have a similar fee structure to domestic students, with some additional administrative fees. Here is the fee breakdown for international students:
| Fee Component |
Amount (₹) |
| Academic Fee |
₹19,20,000 |
| Hostel & Mess Fees |
₹3,80,100 |
| Administrative Charges |
Variable |
| Estimated Total |
₹23,50,000+ |
The total cost for international students at IIM Ranchi is slightly higher than for domestic students, due to the additional administrative charges.
IIM Ranchi MBA Total Estimated Cost
Considering all factors such as tuition, hostel, mess charges, and other living expenses, the total estimated cost for an IIM Ranchi MBA is around ₹24,00,100 for two years. Below is the breakdown:
| Cost Head |
Amount (₹) |
| Academic Fee |
₹19,20,000 |
| Hostel & Utilities |
₹2,10,000 |
| Mess Charges |
₹1,70,100 |
| Other Living Expenses |
₹1,00,000 |
| Total Estimate |
₹24,00,100+ |
The total cost can vary based on lifestyle choices, room selection, and personal spending habits. Proper financial planning is essential to manage the costs effectively.
IIM Ranchi MBA Fee Payment Options
To help students manage their fees efficiently, the institution provides several flexible payment methods:
1. Online Payment
The online payment portal offers a quick and secure way to pay fees. Students can pay using debit/credit cards, net banking, or wallets, with instant transaction processing available 24/7.
- Advantages: Fast, secure, and convenient for students worldwide.
2. Bank Transfer
For those who prefer offline methods, bank transfers allow students to pay directly from their bank accounts to the institution’s account. This method is suitable for students not comfortable with online payments.
- Advantages: Reliable and secure, though processing may take longer than online payments.
3. Installment Payment Option
The fees for the MBA program are divided into six terms, allowing students to pay in manageable installments. The Executive MBA program also offers installment-based payments for working professionals.
- Advantages: Helps manage finances better by spreading the cost over time, easing the payment burden.
These options offer students the flexibility to choose the best method based on their preferences and financial situation.
The MBA program provides excellent value for the comprehensive education it offers. With a well-structured fee system, including tuition, hostel, and mess charges, prospective students can plan their finances effectively. Financial aid options, such as scholarships and installment payments, ensure that the program remains accessible to a wide range of candidates. The cost is justified by the quality of education, industry connections, and placement opportunities, making this MBA an attractive option for ambitious students.
For more information on MBA admissions, visit our IIM Admission Criteria page.
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