The Indian Institute of Management Shillong has successfully completed the placement season for its largest batch size till date in the flagship Post Graduate Programme in Management (PGPM) batch of 2015-17. With its consistent performance, the Institute recorded a median CTC (cost to company) of 14 LPA (lakh per annum) whereas the highest domestic CTC stood at 24 LPA.
IIM Shillong hosted an array of prominent recruiters such as Deloitte S&O, Mahindra GMC, Yes Bank, Google, HSBC, Amazon, Kohler, Cognizant Business Consulting, Tata Steel, Reliance Jio, Fidelity Management Research, along with first time recruiters such as Dabur, Idea Cellular, Piramal Enterprises, Lava International, Group M, and Ascendas Singbridge among others.
IIM Shillong Placement and PR Officer Merlvin J. Mukhim said that the recruitment drive saw 43 recruiters and 156 participants. The mean CTC for the batch was Rs. 14.18 LPA. Noticeably, the mean for the top quartile of the batch stood at Rs. 19 LPA and that for the top half increased to Rs. 16.62 LPA.”
Sales and marketing continued to be the most sought after domain with 30 percent of the total offers in this year’s recruitment. Mukhim said multiple offers were also made by prominent recruiters such as Dabur, IDEA Cellular, Kohler, Piramal Enterprises, TATA Steel, Titan, GSK Pharmaceuticals, Coffee Day Beverages, and TATA Motors to name a few.
The season recorded an increase in the number of finance roles with noteworthy companies such as Yes Bank, ICICI Bank, RBL Bank, JP Morgan Chase & Co., HSBC, Fidelity Management Research, Bajaj Allianz Life Insurance, SBI Bank and SBI Capital Markets offering roles to 25 per cent of the candidates.
Consulting emerged as the highest paying domain, with candidates grossing an average CTC of Rs. 17 LPA for offers from Deloitte (Strategy & Operations), Cognizant Business Consulting and Stellium Consulting among others. 12% of the batch secured roles in this domain.
Strategy & General Management roles were offered to 9% of the batch together by regular and first time recruiters. Mukhim said the highest CTC of the season was offered in the Strategy & General Management domain. Other than the regular recruiters such as Mahindra GMC and TATA Steel, companies such as AscendasSingbridge, GroupM and Lava International representing diverse industries also recruited for this profile.
IT & Analytics emerged as the preferred sectors with 13 per cent of the students securing offers in this sectors. Regular recruiters such as Google, Voonik, Fidelity Management & Research, Cognizant Technology Solutions, RBL Bank recruited for IT & Analytics domain.
Roles in Operations domain were offered to 10% of the batch by companies from Ecommerce, Telecommunication, BFSI and Retail. Distinguished Indian brands like IDEA Cellular, L&T and Reliance Jio participated for the first time in this year’s placement season offering a role in this domain. E-Commerce companies such as Amazon and Droom emerged as the largest recruiters in this domain.
Earlier this year, IIM Shillong completed its most successful summer placement season to date securing 185 offers with a significant jump of 16 per cent in the average total stipend compared to the previous year and a highest stipend of Rs. 2,50,000. With the institute breaking records every year, IIM Shillong continues to strengthen its position as a premier B-School in India.
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