SHILLONG, April 4: In what can be dubbed a remarkable success, the Indian Institute of Management-Shillong PGP batch of 2021-23 recorded a highest CTC of whopping Rs 71.30 LPA (lakhs per anum) resulting in an increase of 16.70% in average CTC of 26.96 LPA, which had been the primary reason for it to stand among other premier management Institutions. The institute has also excelled in final placements for the academic year 2021-23.
The 238-student class received employment offers from 63 recruiters in a variety of fields including Consulting & Strategy, Finance, General Management, Human Resources & Operations, IT & Analytics, and Sales & Marketing. The gender makeup of the class was equally split — 45% females and 55% males.
The placement statistics showed an incremental change, with improvement observed across all categories. High median CTC of 26.09 LPA has made IIM Shillong one of the preferred among the premier institutions.
The top 20% of students secured an average CTC of 35.35 LPA and top 50% stand at 30.82 LPA. The prominent recruiters like AB InBev, Aditya Birla Capital, Axis Bank, Bain & Company, Capgemini, Cipla, Deloitte USI, EY, Goldman Sachs, HSBC Bank, IBM, 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 participated in the IIM Shillong placements.
The batch also welcomed 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.
Consulting & Strategy emerged as the most sought-after domain, accounting for 35% of the total offers received.
Bain & Company, Capgemini, Deloitte USI, EY, IBM, Infosys Consulting, WNS Global, Avalon Consulting, Everest Group, McKinsey & Company and Qwixpert were among the top recruiters.
20% of the participants received offers in the Finance domain, with Axis Bank, D.E. Shaw, Goldman Sachs, HDFC Bank, HSBC, ICICI Bank, JP Morgan Chase & Co., Nomura Investment and TresVista being prominent recruiters.
Sales & Marketing accounted for 17% of the total offers received, with recruiters like Affinity, Atomberg, Capgemini, Cipla, ITC, Pidilite Industries, TATA Steel, and Titan continuing to recruit in large numbers.
Berger Paints, Godrej Consumer Products Ltd., Licious, Manyawar and Metalbook were among the first-time recruiters.
IT & Analytics domain witnessed participation from recruiters including Amagi, Axis Bank, Baker Hughes, Capgemini, CarWale, Jio Platforms, Microsoft and Tiger Analytics. The domain accounted for 16% of the participants, with Accuvate Software, EXL, LatentView Analytics, Merilytics, Mphasis and ShopUp partnering with the institution for the first time.
The General Management domain saw increased participation from recruiters including AB InBev, Adani Group, Aditya Birla Capital, JSW Steel, State Street and Tata AIG General Insurance, accounting for 7% of placements this year.
Human Resources & 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, accounting for 6% of placements this year. The institute witnessed a significant demand for roles in consulting, marketing, and finance domains. Consulting firms offered roles such as management consulting, strategy consulting, and operations consulting, while the BFSI sector recruited for roles in investment banking, corporate banking, and wealth management.
The e-commerce and technology sector recruited for roles such as product management, business development, and marketing.
The highest CTC offered was 71.3 LPA, with Consulting & Strategy and Finance domains receiving the highest CTC at 41.0 LPA. Overall, the placements reaffirmed the institute’s standing in the industry and the student’s capabilities.
“IIM Shillong’s successful placement season for the batch of 2021-23 is a testament to the institute’s commitment to providing quality education and training to its students. The institute’s focus on providing a well-rounded curriculum and fostering a culture of excellence has helped the students secure lucrative job offers from some of the most prominent recruiters in the industry,” the institute said in a statement.
