The ninth Indian Institute of Management was established at Ranchi in 2010. This was made possible with the extensive support of the Indian Institute of Management Calcutta and the Government of Jharkhand, working under the guidance of Ministry of HRD, Government of India. We started at a time when the management education world over was criticized for over emphasis on competition, aggression and achievement of results by any means. American model of education has come under criticism from various quarters. Additionally Educational technologies have removed the aura and exclusivity of top ranking b-schools by making it possible to take quality education beyond the citadels of management (coursera, edex, khans academy etc.). We realized the need for a major surgery of the curriculum as there was a disconnect between what was taught and what was needed by the business and the society. We understood the need to incorporate right values in the young minds and also impart education relevant for information age that encourages networking and collaborative advantage. Also we decided to build contextual knowledge into the programs.
The academic block consists of two aesthetically designed classrooms equipped with all the required modern facilities. We at IIM Ranchi believe that the process of teaching can be enhanced with the use of technology tools. It aids the students by giving them a better understanding of concepts and gives an extra edge by providing means to visualize the concept being taught. Hence, the classrooms are equipped with computers, projectors, modern sound systems, OHPs and other audio-visual tools. The entire academic block is equipped with Wi-Fi internet connectivity.
The housing facility at IIM Ranchi is at par with the best in the world. It consists of separate blocks for girls and boys. IIM Ranchi is one of the few institutes which have fully Wi-Fi enabled campus. The housing facility consists of a mix of three bedroom and four bedroom shared flats that are fully furnished, serviced and are installed with five star facilities. Each block consists of a mess and a canteen which remain open for nearly 20 hours a day on an average and a dispensary for medical concerns. Each floor of the block is installed with common announcement system.