IIM Shillong: Placement 2017 marks high average salary of Rs.14.8 LPA; BFSI steals the show with 31% offers

IIM Shillong Placement 2017 season is marked with increased salary offers by more number of recruiters from all the sectors making offers with diverse roles and profiles. Standing true to its legacy, IIM Shillong has once again emerged as one of the most sought after campuses for recruiters as testified by the successful completion of the Final Placement season for the batch of 2015-2017.

Fortifying again its position as a premier B-school with the successful completion of the placement season for the class of 2017, all the 156 participants in Placement 2017 at IIM Shillong have got suitable offers from 43 recruiters. The highest salary at IIM Shillong Placement 2017 has shot up to Rs. 24 Lakhs and average salary in IIM Shillong Placement 2017 has also gone up to Rs.14.8 lakhs.

Prof. Sharad Nath Bhattacharya Chairperson Student Affairs, Placement and Public Relation Committee IIM Shillong has commented on successful completion of Placement “The growing list of prominent recruiters and the continued faith of our regular recruiters is testimony to the ever increasing confidence of the industry in the talent pool of IIM Shillong. We would like to acknowledge the contribution of everyone who assisted in the placement process. Our heartfelt thanks goes out to the entire IIM Shillong fraternity. With the continuing support of all our stakeholders including students, recruiters, faculty, alumni, staff and management, we hope to carry on with our journey towards excellence in the years to come. I wish the class of 2017, a prosperous career ahead.”

Earlier the institute saw the completion of Summer Placements in record time. 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 – Key placement trends
There were 156 participants at IIM Shillong Placement 2017. The participants received offers from 43 recruiters who participated in IIM Shillong Placement 2017.

Average and Highest Salary up
The highest salary at IIM Shillong Placement 2017 has gone up to Rs. 24 lakhs from Rs.23.35 lakhs last year. IIM Shillong average placement package has also gone up to Rs. 14.8 lakhs in Placement 2017 from Rs. 14 lakhs in placement last year. The Median salary in placement 2017 at IIM Shillong is Rs.14 lakhs which is equal to the average salary of last year.

IIM Shillong average salary for top 5% students in Placement 2017 stood at Rs.19 lakhs and the for top 20% students the average salary at IIM Shillong placement was Rs. 16.62 lakhs.

36% share of PPO/PPI
IIM Shillong placement 2017 witnessed pre-placement offers/internships being offered to 36% of the students.

Top Recruiters
IIM Shillong hosted an array of prominent recruiters in Placement 2017 at its campus. The top recruiters in IIM Shillong Placement 2017 were 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.

Sectoral placement
Banking, Financial services and Insurance (BFSI) stole the placement show at IIM Shillong sectoral placement 2017 with 31% offers. The details of sectoral placement at IIM Shillong are appended  

Domain wise Placements
Sales & Marketing emerged as the top domain with 30% roles followed by Finance with 25%. Consulting & General Management domain offered 21% roles; IT/Analytics with 13%; 10% roles were in Operations domain and  1% in Human Resources. Detailed analysis of domain wise placement is shared below-

Sales & Marketing: Highest salary Rs.22 lpa
Sales & Marketing continues to be the most sought after domain in IIM Shillong Placement 2017 and accounted for 30% of the total offers. Multiple offers were made by regular recruiters such as Kohler, TATA Steel, Titan, GSK Pharmaceuticals, TATA Motors and Wipro.

The domain saw participation from both private and public sector companies with first time recruiters such as Dabur, IDEA Cellular, Piramal Enterprises, Coffee Day Beverages, DHFL Pramerica, Birlasoft, Indian Oil Corporation Ltd. and Hindustan Petroleum Corporation Ltd among others. The offers in this domain were made from almost all the major sectors such as FMCG, Energy, Media & Entertainment, BFSI, Retail and Healthcare.

Finance: Highest salary Rs. 23 lpa
Finance emerged as a favoured choice with 25% of the batch opting for this domain. Noteworthy Banks such as Yes Bank, ICICI Bank, RBL Bank, JP Morgan Chase & Co., HSBC, SBI Bank continued to recruit for multiple roles. Also, non-banking financial entities such as Fidelity Management Research, Bajaj Allianz Life Insurance and SBI Capital Markets recruited for niche profiles. Majority of the roles offered included investment banking, global markets, capital managements, valuation, risk control, corporate & wholesale banking and equity research.

Consulting: Highest salary Rs. 23.85 lpa
IIM Shillong continues to witness increasing participation from multiple consulting companies. 12% of the batch secured roles in this domain. The season played host to its regular recruiter Deloitte that recruited candidates for its coveted Strategy & Operations profile. Cognizant Business Consulting continued to hire in large numbers and Stellium consulting offered a profile in operations consulting. Consulting emerged as the highest paying domain, with the candidates grossing an average CTC of 17 Lacs per annum for these roles.

Strategy & General Management: Highest Salary Rs.24 lpa
Strategy & General Management roles were offered to 9% of the batch together by regular and first time recruiters. Prominent Indian companies such as Mahindra GMC and TATA Steel chose students to work in their Corporate Strategy Teams highlighting the quality of students. Representing diverse industries, companies such as Ascendas Singbridge, GroupM and Lava International, hired for the domain. Lava International emerged as the largest recruiter in this domain by making multiple offers for its leadership programme.

IT & Analytics: Highest Salary Rs.22.15 lpa
Around 13% of the students were offered roles in the IT & Analytics domain. Regular recruiters such as Google, Voonik, Fidelity Management & Research, Cognizant Technology Solutions, RBL Bank recruited for this domain. IFMR Capital participated for the first time in the placement season offering an analytics profile.

The highest offer in this domain was made by Google while Cognizant emerged as the largest recruiter in the domain making 10 offers. The highest package offered in the domain saw a jump of 30% from last year.
Operations: Highest Salary Rs.17.50 lpa
Roles in Operations domain were offered to 10% of the batch by companies from E-commerce, 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.

IIM Shillong long time recruiter Tata Steel continued to place faith in IIM Shillong by offering their coveted Supply Chain Management role. E-Commerce companies such as Amazon and Droom emerged as the largest recruiters in this domain

IIM Shillong Placement highlights  

 
Established in 2007, IIM Shillong (Meghalaya) is the 7th in the family of 20 IIMs and is the only IIM operating and catering to 7 sister states of North East in India. Named as Rajiv Gandhi Indian Institute of Management, IIM Shillong has acquired the prominent place in the Indian Management education. The rising placement 2017 at IIM Shillong is a testimony to the growing popularity of IIM Shillong.

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