IIM Shillong has been set up with a vision of providing good quality management education and research in the North Eastern region of India. The decision of coming up with an Indian Institute of Management in the North East was unanimously taken by the Union Minister of Human Resource Development along with the Chief Ministers of the North Eastern States in the Review Meeting held at Shillong during June 2004.
The Placement Committee of IIM Shillong announced the successful completion of summer placement season for the PGP batch of 2017-18. The stellar performance by the PGP participants stands testimony to the rapid progress made by IIM Shillong and has once again established IIM Shillong as the preferred choice for recruiters.
The placement season saw participation from a total of 75 recruiters and 187 offers were made to the participants in various domains such as Sales & Marketing, Operations, Human Resources, Consulting, IT & Analytics and Finance with 14 percent increase in median salary.
Among 75 recruiters, biggest recruiters were big names in the industry, including Aditya Birla Group, Airtel, Amazon, Avendus Capital, Barclays, Berger Paints, BPCL, Britannia, Cognizant Business Consulting, Deloitte, Fidelity Management Research, GroupM, HSBC, ITC, JSW, Kohler, Mahindra GMC, Metlife, Nomura, Piramal, RBI, Tata Motors, Tata Steel, Titan, Ujjivan Small Finance.
One-third of the batch received Pre Placement Offers (PPOs). Two students opted out of the placement process to pursue their entrepreneurial ventures. BFSI was the highest recruiting sector with 38 percent offers. Consulting was the highest paying domain offering an average salary of Rs. 21 lakh per annum.
Prof. Sharad N Bhattacharya Chairperson, Placement Committee Indian Institute of Management Shillong is of view that,”The PGP course is unique to the Indian management education system which seeks to create industry suitable candidates with academic excellence. The objective is to develop leaders that cannot only foster the growth of the global economy but also ensure its sustainability”.
Multiple offers were made by recruiters such as BPCL, Beiersdorf (Nivea), Berger Paints, Dell, Delhivery, IOCL, ITC, Kohler, Piramal Enterprises, TATA Steel, Titan, TATA Motors and Value Labs which is 36 percent of the total offers. Tata Steel offered the highest number of offers in the marketing domain.
18% of the participants received offers in roles such as Investment Banking, Equity Research, and Retail Banking amongst others. Avendus Capital, Barclays, and Nomura partnered with the institution for the first time. Our regular recruiters such as HSBC, ICICI Bank, RBL Bank and Yes Bank continued to recruit in large numbers. HSBC made the highest number of offers in this domain.
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Consulting and General Management saw an increase in the number of offers, with 19% of the batch opting for this domain. Various roles offered included Strategy and Operations, Corporate Strategy, Business Consulting and Governance. Aditya Birla Group, Cognizant Business Consulting, Deloitte USI, JSW, Mahindra GMC and Tata Steel continued their association with the institute, offering coveted profiles to the students.
IT and analytics domain accounted for 13% of the total number of offers. The Human Resources domain observed increased participation from the students, with first-time recruiter Muthoot Fincorp making the maximum number of offers. Operations domain witnessed participation from distinguished companies like Amazon and Tata Steel who maintained their alliance with the institution and offered prominent roles.
Prof. Amitabha De, Director, Indian Institute of Management Shillong said,” The quality of instruction, rigorous course curriculum and exposure that the students get at IIM Shillong when coupled with their Summer Internship experience makes them adequately prepared and confident to face the challenges of the corporate world.”