Final placements for the flagship Post Graduate Programme in Management (PGPM) class of 2016 at the Rajiv Gandhi Indian Institute of Management, Shillong (IIM Shillong) saw a marked increase in salaries with an overall CTC at Rs 25 lakh per annum and the highest domestic CTC at Rs 23.35 lakh per annum.
Altogether, 137 students of the batch participated in the placement except Marina Panggeng, who opted out saying that she wanted to start her own enterprise while “looking for holistic solutions to business and societal problems.”
As many as 142 offers were made by 41 recruiters with the median CTC at a record Rs 14 lakh per annum compared to Rs 12.59 lakh per annum in the previous year. The top quartile of the batch was having a mean of Rs 18.15 LPA and the top half at Rs 16.54 LPA. Pre-placement Offers (PPOs) were accepted by 15% of the batch.
Despite a 16% increase in batch size, the placements were completed in record time. The highlight of this year’s placement process was that more than 45% of the batch were made offers by the top 5 recruiters ranged across the fields of Consulting, Finance, Sales & Marketing, IT/Analytics, e-Commerce and Operations.
“This shows the diversity in the academic and professional background of the students as well as the continued confidence of our recruiters on the quality of our participants,”Prof. Sharad Nath Bhattacharya, Chairperson, Student Affairs, Public Relations and Placement, IIM Shillong, said in a statement.
“Regular recruiters including Mahindra GMC, HSBC, Deloitte, J.P.Morgan, Nomura, RBL Bank, Tata Steel, Tata Motors, Google, ICICI Bank, Amazon Cognizant, Wipro, IBM, GSK Pharma, L’Oreal, YES Bank, Titan and SBI Bank once again showed faith in the capability of our student,” he added.
“Various first time recruiters to this year’s placement process including Kohler India, ZS Associates, Future Group, Berger Paints, Voonik, HDFC AMC Ltd., JPMC and Thomson Reuter,” he said.
Sales & Marketing emerged as the most preferred domain with 31% of the students opting for various S&M roles. This was followed by IT & Analytics and Finance which saw offers made to 20% and 19% of the batch, respectively.
BFSI and IT/ITES/Analytics once again emerged as the two most preferred sectors with 27% and 31% of the students taking up offers in these two sectors respectively. In accordance with the country-wide trend, the year also witnessed a surge in the preference for start-ups and close to 9% of the batch opted for such roles.
