In tune with the upbeat mood across the campuses of some of the leading business schools in the country, the eight-year-old Indian Institute of Management (IIM) in Shillong has completed the final placement on a high note.
A look at the just released final placement report (2015/16) of the school shows that recruiters seem to hardly see geographical reach as a major issue. Although Shillong has an airport, it gets few direct flights from the bigger cities. The nearest major airport and railway station are in Guwahati, which is nearly 100 km away. One can also drive down Guwahati.
All of this does not seem to matter if one is to go be the placement details for its class of 2016. The flapship Post Graduate Programme in Management (PGPM) of the school with its "biggest batch size so far" got placed "in record time with record offers". According to the placement report of the school, "The season saw the participation of 137 students from a batch of 138 while one student chose to opt out from all processes in order to pursue her entrepreneurial ambitions. A total of 142 offers were made by 41 recruiters who participated in the recruitment drive. Pre-placement offers (PPOs) were accepted by 15 per cent of the batch."
What it underlines is that "despite a 16 per cent increase in batch size from last year, the season was completed in record time and saw the median CTC (cost to company) at Rs 14 lakh per annum offered on campus, which was up from 12.59 lakh per annum offered last year". The highest domestic CTC offered on campus this year was 23.35 lakh per annum in the domain of consulting.
What also stood out, according to the report was that the "placement process was marked by the fact that more than 45 per cent of the batch were made offers by the top five recruiters on campus. The roles offered by these five recruiters ranged across the fields of Consulting, Finance, Sales & Marketing, IT/Analytics, e-Commerce and Operations".
Giving a break-up of the job roles, it says: "Sales & Marketing emerged as the most preferred domain with 31 per cent of the students opting for these roles. Sales & Marketing saw participation from all the major sectors like FMCG, e-commerce, insurance, and healthcare among others.
The top recruiting companies in this domain were Google, L'Oreal, Tata Steel, Tata Motors, Titan, GSK Pharma and Voonik. First time recruiters include Kohler India, Universal Sompo General Insurance and Berger Paints. From the e-commerce sector Voonik and droom joined the recruiters list. Sales and marketing was followed by IT & Analytics and Finance which saw offers made to 20 per cent and 19 per cent of the batch, respectively.
BFSI and IT/ITES/Analytics once again emerged as the two most preferred sectors with 27 per cent and 31 per cent 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 per cent of the batch opted for such roles".
Some of the regular recruiters at the school, include: 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. however, some of the first time recruiters to this year's placement process included: Kohler India, ZS Associates, Future Group, Berger Paints, Voonik, HDFC AMC Ltd., JPMC and Thomson Reuters.