Fee Structure Overview
The fee structure for the Department of Finance at ICFAI University Ranchi is designed to provide quality education while remaining accessible to students from diverse economic backgrounds. The university offers various payment options and financial assistance programs to support students throughout their academic journey.
| Semester | Tuition Fee (INR) | Hostel Fee (INR) | Mess Fee (INR) | Medical Fee (INR) | Other Charges (INR) | Total Fee (INR) |
|---|---|---|---|---|---|---|
| Semester 1 | 1,20,000 | 80,000 | 40,000 | 5,000 | 15,000 | 2,60,000 |
| Semester 2 | 1,20,000 | 80,000 | 40,000 | 5,000 | 15,000 | 2,60,000 |
| Semester 3 | 1,20,000 | 80,000 | 40,000 | 5,000 | 15,000 | 2,60,000 |
| Semester 4 | 1,20,000 | 80,000 | 40,000 | 5,000 | 15,000 | 2,60,000 |
| Semester 5 | 1,20,000 | 80,000 | 40,000 | 5,000 | 15,000 | 2,60,000 |
| Semester 6 | 1,20,000 | 80,000 | 40,000 | 5,000 | 15,000 | 2,60,000 |
| Semester 7 | 1,20,000 | 80,000 | 40,000 | 5,000 | 15,000 | 2,60,000 |
| Semester 8 | 1,20,000 | 80,000 | 40,000 | 5,000 | 15,000 | 2,60,000 |
Hostel and Mess Charges
The hostel facilities at ICFAI University Ranchi are designed to provide students with a comfortable and conducive environment for learning and personal development. The university operates modern hostel complexes that cater to the diverse needs of its student population.
Hostel Accommodation
ICFAI University Ranchi offers well-furnished hostels with modern amenities to ensure a comfortable living experience for students. The hostel facilities include single and double occupancy rooms, common areas, study rooms, and recreational spaces. Each room is equipped with essential furniture, including beds, study tables, chairs, and wardrobes.
The university maintains high standards of cleanliness and hygiene in its hostel facilities. Regular maintenance and cleaning services are provided to ensure that students have a pleasant living environment throughout their academic journey. The hostels also feature security systems, including CCTV cameras and 24-hour security personnel, to ensure student safety and well-being.
Hostel charges at ICFAI University Ranchi are competitive and affordable compared to similar institutions. The university offers various accommodation options to suit different budget requirements, ensuring that all students have access to quality housing facilities.
Mess Facilities
The mess facilities at ICFAI University Ranchi provide nutritious and delicious meals to students throughout the academic year. The university's mess services are managed by experienced catering professionals who ensure that the food meets quality standards and dietary requirements.
Students have access to a variety of meal options, including vegetarian and non-vegetarian dishes, regular meals, and special dietary arrangements. The mess facilities operate on a fixed schedule with multiple meal options to accommodate different preferences and schedules.
The university's mess charges are carefully designed to be affordable while maintaining high standards of food quality and nutritional value. Regular reviews and feedback mechanisms ensure continuous improvement in the dining experience for students.
Return on Investment Analysis
The return on investment (ROI) for pursuing a finance program at ICFAI University Ranchi is exceptionally favorable, considering the university's placement outcomes and industry recognition. The total cost of education, including tuition, hostel, and mess fees, is offset by the high average package offered to graduates.
With an average starting salary of INR 8 lakh per annum, students can expect to recover their investment within 1.5 years of graduation. This ROI analysis takes into account the total fees paid over four years and compares it with the average placement package received by students.
The university's strong industry connections and reputation for academic excellence have resulted in consistently high placement rates, ensuring that graduates can quickly recoup their educational investment. The career prospects for ICFAI University Ranchi finance graduates are exceptionally promising, with many securing positions in top-tier financial institutions.
Additional factors contributing to the favorable ROI include the university's alumni network, which provides ongoing support and networking opportunities for graduates. The university's emphasis on practical skills development and industry exposure enhances employability and earning potential, further improving the return on investment.