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Placement 2013: Average salary at IIM Shillong@ Rs 12.22 lakh
mbauniverse.com` | 16, May 2013 04355 IST
IIM Shillong concluded final placements for its 4th batch of flagship PGPM, even as top recruiters offered lucrative jobs to passing-out batch with an average salary of Rs 12.22 lakh
While the average annual salary offered to the batch was Rs 12.22 lakh, the highest package stood as high as Rs 22 lakh.
Indian Institute of Management (IIM) Shillong concluded final placements for its 4th batch of flagship Post-Graduate Program in Management (PGPM), even as top recruiters like TAS, Deloitte, HSBC, Apollo, GSK, Nomura, JP Morgan, Ranbaxy, Citibank, Robert Bosch and ONGC, Titan offered lucrative jobs to passing-out batch.
According to IIM Shillong which is in its sixth year of operation, while the average annual salary offered to the batch was Rs 12.22 lakh, the highest package stood as high as Rs 22 lakh. The median salary was Rs 11.75 lakh.
A total of 39 companies participated in the placement process to recruit the batch of 104 students. Out of the total batch strength, 2 students opted out of the placement process to start their own entrepreneurial ventures.
According to the institute, this year’s placement process saw an overwhelming participation from new recruiters like JP Morgan Chase, Ranbaxy, Citibank, Robert Bosch and Dr. Reddy’s.
“Despite a 13 % increase in the batch-size, it is the immense confidence shown by our recruiters that played a crucial role in offering participants a wide choice in terms of the kind of roles being offered across various domains and sectors,” said Dr. Sanjoy Mukherjee, Chairman, Placement Committee, IIM Shillong, adding, “More than 10% of the batch secured PPO/PPIs from top companies,” he added.
BFSI emerged favourite at the campus this placement year as the sector attracted 32 % of the batch, followed by IT/ITeS and Energy sectors which drew 27% and 13% of the batch respectively. FMCG was opted by 8 % of the batch and around 6 % of the batch went for different roles in Consulting.
Finance emerged as the most preferred domain on campus with 29% of the batch opting for a career in Finance. This was followed by Sales & Marketing, with 21% of the batch opting for a career in the domain. As much as 10% of the participants opted for a career in sunrise sectors like Pharma, Healthcare, E-Commerce and Education.
Consulting/ General Management: A significant number of participants in the batch have secured roles in General Management and Business Strategy. The domain witnessed participation from conglomerates like TAS and Mahindra GMC. These conglomerates along with other prominent companies like Ranbaxy and Robert Bosch offered General Management roles for their respective Leadership Programmes.
The Consulting domain attracted a good number of participants from the batch and emerged as a function of choice. Deloitte led from the front along with other top recruiters like PricewaterhouseCoopers, Actuate Business Consulting and I-Maritime in offering different roles in the domain.
Finance: Organizations like Nomura Investments, Citibank, HSBC, ICICI Bank, Yes Bank, and SBI Capital offered roles in their Investment Banking, Equity Research, Consumer Banking, Project Advisory and Capital Markets divisions.
Sales & Marketing: The students opted marketing and sales role in sectors across FMCG, Pharma, Automobile, Education, IT, Consumer Durables, Media & Entertainment. Companies like Tata Steel, Brandcare, GSK, Pidilite Industries, Network 18 offered roles like Brand Management, Business Development, B2B Marketing and Value Sales.
Operation & Supply Chain: As much as 13% of the batch was offered diverse range of profiles across Supply Chain Management, Logistics and Hospital Operations, Manufacturing Operations, Product Development and Project Management. The Operations domain witnessed participation from major companies like Apollo Hospitals, Manipal Group, TVS Logistics and WNS Global Services.
IT & HR: A large number of students from IIM Shillong chose a career in IT/Analytics. Some of the leading companies like JP Morgan Chase, Microsoft and Fidelity Management & Research offered roles like Business Analyst and Program Manager. The companies that offered roles in the field of HR included ONGC, Titan and Larsen & Toubro amongst others.
Stay tuned to MBAUniverse.com for more placement reports 2013 from Top B-schools in India.
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