Fee Structure Overview
The fee structure at Innovative Institute of Technology Ranchi is designed to ensure quality education while remaining accessible to students from diverse backgrounds. The total annual cost for undergraduate programs is approximately ₹600,000, with detailed breakdowns provided below:
| Head | Per Semester (₹) | Annual Total (₹) |
|---|---|---|
| Tuition Fee | 250,000 | 500,000 |
| Hostel Fee | 30,000 | 60,000 |
| Mess Fee | 20,000 | 40,000 |
| Medical Fee | 5,000 | 10,000 |
| Library Fee | 2,000 | 4,000 |
| Security Fee | 3,000 | 6,000 |
| Total | 285,000 | 570,000 |
Hostel & Mess Charges
The hostel facilities at IIT Ranchi are designed to provide a comfortable and conducive living environment for students. Hostels are equipped with modern amenities including air conditioning, internet connectivity, and 24/7 security. The annual hostel fee is ₹60,000, split into two semesters of ₹30,000 each.
Mess charges are included in the overall fee structure, with a monthly cost of ₹20,000. The mess offers a variety of cuisines, including vegetarian and non-vegetarian options, ensuring nutritional balance for students.
Return on Investment (ROI) Analysis
The ROI for students at IIT Ranchi is exceptionally high, considering the average placement package of ₹9 lakh per annum. With an annual investment of ₹570,000, students can expect a return of approximately 12.5% over their four-year program.
For instance, if a student invests ₹570,000 over four years and earns an average package of ₹9 lakh per annum, the total earnings after graduation would be ₹36 lakh. This translates to a net gain of ₹30.3 lakh, reflecting a robust return on investment.
The ROI analysis also takes into account factors such as career growth, industry recognition, and alumni network benefits, which significantly contribute to long-term financial success.