IIM Shillong Placement 2023: Average Salary Up by 16.7% at Rs.26.96 LPA, Highest Salary Up at Rs.71.30 LPA; 63 Recruiters make offers to 238 Students

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Updated on April 4, 2023
With average salary going up by 16.7% at Rs.26.96 LPA in Placement 2023, IIM Shillong has moving closer to the elite club of top IIMs with 25+ LPA Average salary. Highest salary in IIM Shillong Placements 2023 has shot up to Rs.71.30 LPA from Rs.55.22 LPA last year. IIM Shillong has again achieved again 100% placement for the 14th large PGP 2021-23 batch of 238 students who got offers from 63 marquee companies across diverse domains
IIM Shillong Placement 2023

Joining the club 25+ LPA average salary B-schools in Placement 2023, IIM Shillong has yet again registered a sharp rise of 16.7% in its average salary package for the 14th PGP 2021-23 batch. The average package in IIM Shillong Placement 2023 has gone up at Rs.26.96 LPA from Rs. 23.10 LPA last year. The highest package in IIM Shillong placement 2023 has shot up at Rs. 71.30 LPA from Rs. 55.22 LPA last year. Proving its mettle and defying all the economic slowdown situation, IIM Shillong has successfully concluded the final placements for the batch of 2021-23, keeping intact its legacy of 100% placement record over the years.

In a scenario when most B-schools are facing adverse impact of Corona Virus globally, IIM Shillong has concluded its final placement 2023 achieving many firsts. IIM Shillong has started conferring MBA degree instead of diploma after implementation of IIM Act 2017 which empowered the IIMs to award MBA degree or PGDM as per their choice.

IIM Shillong Placement 2023: Highlights

  • 100% placements for the large batch of 238 students
  • Joins Elite Club of Top IIMs and B-Schools with Rs.25+ LPA Average Salary
  • Average Salary in Placement 2023 goes up by 16.7% at Rs.26.96 LPA from Rs.23.10 LPA in 2022
  • Highest Salary in Placement 2023 jumps by 29% at Rs.71.30 LPA from Rs.55.22 LPA last year
  • 63 Recruiters Made Placement Offers in 2023 to the batch of 238 students
  • Median Salary has gone up at Rs.26.09 LPA in Placement 2023 from Rs.22.28 LPA in 2022
  • Top 20% of the batch got average package of Rs.35.35 LPA in Placement 2023 as against Rs.31.31 LPA in Placement 2022
  • Top 50% of the batch secured average package of Rs.30.82 LPA as against Rs. 26.95 LPA last year
  • 85 PPOs/PPI offered by prominent recruiters
  • 26 New Recruiters participated in IIM Shillong Placements 2023
  • Top Recruiters include  AB InBev, Aditya Birla Capital, Axis Bank, Bain & Company, Capgemini, Cipla, D.E. Shaw, Deloitte,  EY, Goldman Sachs, HSBC Bank, IBM, ICICI Group, Infosys, ITC, JP Morgan Chase & Co., Microsoft, , Tata AIG, Adani Group, EXL, Godrej, L&T  McKinsey, Uber among others
  • Top Recruiting Domains: Consulting and Strategy with 35% Offers

Placement season 2023 at IIM Shillong was marked with increased salary offers by recruiters from all the sectors and making offers with diverse roles and profiles. Despite a large batch, IIM Shillong has fortified its position again as a premier B-school.   

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Key Placement Trends: Last 6 Year Analysis
The flagship Post Graduate Programme in Management (PGPM) at IIM Shillong witnessed the completion of final placement. The recruitment drive saw participations from 63 recruiters from diverse domains such as Consulting & Strategy, Finance, General Management, Human Resources & Operations, IT & Analytics, and Sales & Marketing. The placement analysis of last six years at IIM Shillong reveals that despite increasing number of students in the batch, placement packages are consistently rising:

Placement Year
Highest Placement (Rs.in Lakhs)
Average Placement (Rs. in Lakhs)
Placement 2023
71.30
26.96
Placement 2022
55.22
23.10
Placement 2021
32.00
19.17
Placement 2020
48.50
18.76
Placement 2019
28.00
16.79
Placement 2018
26.00
15.50

Top Recruiters
The placement season saw participation from a total of 63 recruiters spanning across various domains like Consulting & Strategy, Finance, General Management, Human Resources, IT & Analytics, Operations, Sales & Marketing among others.

Among the top recruiters across the sectors and domains at IIM Shillong are some of the biggest names in the industry, including AB InBev, Aditya Birla Capital, Axis Bank, Bain & Company, Capgemini, Cipla, D.E. Shaw, Deloitte USI, EY, Goldman Sachs, HSBC Bank, IBM, ICICI Group, Infosys Consulting, ITC, Jio Platforms, JP Morgan Chase & Co., Mahindra Logistics, Microsoft, Nomura Investment Bank, Pidilite Industries, StateStreet, Tata AIG, TATA Steel, Titan, TresVista and WNS and others who reaffirmed their faith in the institute.  

iim shillong

First Time Recruiters
In the final placements 2023, IIM Shillong gracefully hosted 26 first-time recruiters including Adani Group, Berger Paints, Everest Group, EXL, Godrej Consumer Products Ltd., Larsen & Toubro, LatentView Analytics, Licious, Manyawar, McKinsey & Company, Merilytics, Qwixpert, Uber and VIP Industries.

85 PPOs/PPIs at IIM Shillong
The PGP 2021-23 batch also bagged 85 PPI/PPO opportunities from top Companies including AB InBev, Amagi, Bain & Company, Cipla, D.E. Shaw, Deloitte USI, Goldman Sachs, ICICI Group, ITC, JSW, Mahindra Logistics, Microsoft, Nomura, Pidilite Industries, TATA Steel, Uber among others.

Top Recruiting Domains
Domain wise share of offers with top recruiters are as below in IIM Shillong Placement 2023

Consulting & Strategy: 35% Offers – Highest Salary: Rs.31.20 LPA
Consulting and Strategy emerged as the most sought after domain, accounting for 35% of the total offers received.

Roles offered included Associate, Business Analyst, Business Consultant, and Sales Transformation Consultant. Bain & Company, Capgemini, Deloitte USI, EY, IBM, Infosys Consulting and WNS Global continued their association with the institute, offering coveted profiles to students while firsttime recruiters include Avalon Consulting, Everest Group, McKinsey & Company and Qwixpert.

Finance: 20% Offers – Highest Salary: Rs.41 LPA
IIM Shillong has always been a preferred campus for recruiters offering roles in the Finance domain. 20% of the participants received offers in roles such as Associate, Business Analyst, Corporate Relationship and Financial Risk Advisory amongst others. Prominent recruiters such as Axis Bank, D.E. Shaw, Goldman Sachs, HDFC Bank, HSBC, ICICI Bank, JP Morgan Chase & Co., Nomura Investment and TresVista continued to recruit in large numbers

Sales & Marketing: 17% Offers – Highest Salary: Rs.41 LPA
Sales & Marketing accounted for 17% of the total offers received. Recruiters such as Affinity, Atomberg, Capgemini, Cipla, ITC, Pidilite Industries, TATA Steel and Titan continued to bestow their faith in the acumen of the participants and recruited in large numbers. Berger Paints, Godrej Consumer Products Ltd., Licious, Manyawar and Metalbook were amongst the first-time recruiters.

General Management: 7% Offers – Highest Salary: Rs.27.10 LPA
The General Management domain observed increased participation from recruiters including AB InBev, Adani Group, Aditya Birla Capital, JSW Steel, State Street and Tata AIG General Insurance from various sectors such as BFSI, Consulting, IT & Analytics, Manufacturing & Retail and Technology, Media & Telecommunication. This domain accounted for 7% of placements this year.

Human Resource & Operations: 6% Offers Highest Salary: Rs. 34.70 LPA
Human Resources and Operations domain witnessed participation from distinguished companies like AU Small Finance Bank Ltd., Cipla, D.E. Shaw, Larsen & Toubro, TATA Steel, Uber and WNS Global that strengthened their alliance with the institution and offered prominent roles spanning across various sectors. This domain accounted for 6% of placements this year.

IT & Analytics: 16% Offers – Highest Salary: Rs.71.30 LPA
IT & Analytics domain witnessed participation from a host of recruiters including Amagi, Axis Bank, Baker Hughes, Capgemini, CarWale, Jio Platforms, Microsoft and Tiger Analytics. 16% of the participants received offers in roles such as Product Manager, Business and Sales Strategy, Data Analytics & Reporting and Senior Business Analyst amongst others. Accuvate Software, EXL, LatentView Analytics, Merilytics, Mphasis and ShopUp partnered with the institution for the first time.

IIM Shillong Batch Profile
The PGP 2021-23 Batch was the diverse one in many ways. The Batch profile is shared below

PGP 2021-23 Batch Profile Components
Number/Percentage
Number of Students
238
Female Students
 45%
Male Students
 55%
Students with Engineering Degree
 59%
Students with graduation in Finance & Commerce
 17%
Students with graduation in Science
   7%
Students with graduation in Arts and other streams
 17%
Students with Work Experience of 12 to 36+ Months
  73%
Freshers
  27%

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. During the short span of time, IIM Shillong has acquired the prominent place in the Indian Management education. The rising placement 2023 is a testimony to the growing popularity of IIM Shillong.

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