IIM Shillong’s 14th batch of the Postgraduate Program in Management concluded placements 2023 with the highest salary of Rs. 71.30 LPA and an average of Rs. 26.96 LPA, up by 16.70% from last year and a median of Rs. 26.09 LPA.
The Indian Institute of Management (IIM) Shillong recently concluded its campus placements for the 14th batch of Postgraduate programs in Management, witnessing the participation of 63 recruiters, including 26 new recruiters. The placements saw impressive figures, with the highest CTC reaching Rs. 71.30 lakh per annum (LPA) and an average salary of Rs. 26.96 LPA, representing a 16.70 per cent increase from the previous year. While the median salary stood at Rs. 26.09 LPA, the placements were an overall success for the institute and its students.
IIM Shillong Placements 2023 Highlights
- The highest CTC grabbed by an IIM Shillong student was Rs 71.30 lakh per annum (LPA).
- The average salary stood at Rs 26.96 lakh, witnessing a 16.70 per cent increase from last year, whereas the median was Rs 26.09 lakh.
- The top 10 percent of IIM Shillong students received Rs 39.68 lakh salary while the top 20% got Rs 35.35 lakh in placements 2023. The top 50% grabbed Rs 30.82 lakh CTC.
- Consulting and strategy domain received the highest offers with 35%, followed by finance with 20%.
- The consulting sector remained at the top amongst sectors with 31% offers, followed by BFSI with 23% offers.
- A total of 63 recruiters participated, with 26 new recruiters.
- Some of the top recruiters were AB InBev, Aditya Birla Capital, Axis Bank, Bain & Company, Capgemini, Cipla, DE 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.
- The new recruiters included 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.
- The PGP students also got 85 pre-placement offers (PPO) from AB InBev, Amagi, Bain & Company, Cipla, DE Shaw, Deloitte USI, Goldman Sachs, ICICI Group, ITC, JSW, Mahindra Logistics, Microsoft, Nomura, Pidilite Industries, TATA Steel and Uber.
Also Read: IIM Raipur Placements 2023: The B-School Records 100% Placements & Highest CTC at Rs 67.60 Lakh
IIM Shillong Placements 2023 vs 2022 vs 2021
The below-displayed graph shows the statistics for IIM Shillong placement numbers in the years 2021-2023. The institute had 85 Pre-Placement Offers (PPOs) in 2023 and 48 PPOs in 2022. The highest salary offered in 2023 was 71.3 LPA (Lakhs per annum), which is higher than the 55.22 LPA offered in 2022 and the 32 LPA offered in 2021. The average salary in 2023 was 26.96 LPA, which is higher than the 23.10 LPA in 2022 and the 19.17 LPA in 2021. The median salary offered in 2023 was 26.09 LPA, which is higher than the 22.28 LPA offered in 2022 and the 17.50 LPA offered in 2021. Additionally, the top 50% of salaries in 2023 had an average of 30.82 LPA, while the top 20% had an average of 35.35 LPA. These figures show an overall increase in salaries offered at the event over the three years.
IIM Shillong Placements 2023: Sector–Wise
The following table showcases the placement statistics of IIM Shillong 2023 categorised by different sectors.
|
Sectors – Wise |
Placement Offer Percentage |
|
Consulting |
31% |
|
BFSI |
23% |
|
Manufacturing & Retail |
20% |
|
IT & Analytics |
14% |
|
Technology, Median & Telecommunication |
10% |
|
Others |
2% |
Also Read: IIM Sambalpur Placement 2023: 64.61 LPA Highest CTC & Average CTC at 16.64 LPA
IIM Shillong Placements 2023: Domain – Wise
The table below presents the placement statistics of IIM Shillong’s final placement in 2023 based on different domains.
|
Domain |
Offer Percentage |
|
Consulting & Strategy |
35% |
|
Finance |
20% |
|
IT & Analytics |
14% |
|
Technology, Media & Telecommunication |
10% |
|
Others |
2% |
IIM Shillong Summer Internship 2022
The Summer Internship Placement process for the academic year 2021-22 has demonstrated the industry’s faith and confidence in the students of IIM Shillong. A total of 66 recruiters participated in the placement season, offering 240 positions across various domains, such as Consulting & Strategy, Finance, General Management, Human Resources & Operations, IT & Analytics, and Sales & Marketing. Among the prominent regular recruiters were companies like AB InBev, Aditya Birla Capital, Amagi, Amazon, Bain Capability Network, BPCL, Cipla, Cognizant, Cummins, D.E. Shaw, Deloitte USI, Emami Group, Godrej Consumer Products Limited, Goldman Sachs, HSBC Bank, IBM, ICICI Bank, ITC, JSW, Lubrizol, Mahindra GMC, Mahindra Logistics, Microsoft, Nomura Investment Bank, Optum (UnitedHealth Group), Pidilite Industries, Piramal Group, TATA Steel, Titan, and Yes Bank. Additionally, first-time recruiters, such as Aditya Birla Fashion and Retail, Baker Hughes, Capgemini, Coca-Cola, Gameskraft, JP Morgan Chase & Co., Juspay, Manyavar, McKinsey & Company, OYO Rooms, Pharmeasy, Polycab, RazorPay, StateStreet, Uber, and VIP Industries, also participated in the placement season.
IIM Shillong Summer Internship 2022 Highlights
- The total number of offers received by IIM Shillong students for Summer Internship Placement 2022 was 240.
- The number of student participants was also 240.
- A total of 66 recruiters took part in the placement process.
- The year-on-year increase in the average stipend was 26.02%.
- The highest stipend offered was INR 3.5 Lakhs.
- The average stipend for the top 10% of students was INR 3.2 Lakhs.
- The average stipend for the top 20% of students was INR 2.99 Lakhs.
- The average stipend for the top 50% of students was INR 2.51 Lakhs.
- The overall average stipend for the placement season was INR 1.73 Lakhs.
IIM Shillong Summer Internship 2022: Domain-Wise Offers
The table below presents the IIM Shillong summer internship placement report based on different domains.
|
Domain |
Summer Internship Offers |
|
Sales & Marketing |
36% |
|
Consulting & Strategy |
20% |
|
General Management |
14% |
|
IT & Analytics |
13% |
|
Finance |
11% |
|
Human Resources & Operations |
5% |
IIM Shillong Summer Internship 2022: Sector-Wise Offers
The following image depicts the IIM Shillong report on summer internship placements categorised by the sectors where the majority of prominent recruiters who made offers belong.
IIM Shillong Summer Internship Domain Wise Placement Statistics
In 2022, IIM Shillong had 66 companies visit its campus for summer internship recruitment, and all students in the batch were successfully placed. The following is a list of some of the prominent recruiters who participated in the IIM Shillong placement drive.
|
Domain |
Highest Stipend |
Prominent Recruiters |
|
Consulting & Strategy |
2,50,000 |
Bain & Company, Capgemini, Deloitte, Datawis, McKinsey & Company, Redseer |
|
Sales & Marketing |
3,00,000 |
Emani, Godrej, ITC Limited, Lubrizol, Pidilite, Titan |
|
Finance |
2,60,000 |
DE Shaw & Co, Goldman Sachs, HSBC, JP Morgan Chase & Co, Nomura, State Street |
|
General Management |
3,50,000 |
ABInBev, Aditya Birla Capital, Coca-Cola, JSW, Mahindra, Shell |
|
Human Resources & Operations |
3,20,000 |
DE Shaw & Co, Gobillion, Mahindra Logistics, Titan, Uber, Bharat Petroleum |
|
IT & Analytics |
3,50,000 |
Amagi Media Labs, Baker Hughes, Elastic Run, Gameskraft, Gobillion, GrowJunction, Juspay, Microsoft, LatentView, Optum |
IIM Shillong Summer Internship 2022 Recruiter List
IIM Shillong Placements 2023: FAQs
1. How is IIM Shillong placements in 2023?
The placement season for IIM Shillong in 2023 has ended, with students receiving 85 pre-placement offers. The highest package offered was INR 71.3 LPA, while the average package increased by 16.70% to INR 26.96 LPA.
2. Is IIM Shillong good for placement?
In IIM Shillong placement 2023, the highest package has increased to Rs. 71.30 LPA from Rs. 55.22 LPA in the previous year. IIM Shillong is renowned for its excellent placement record, with a history of attracting top recruiters from diverse industries and producing highly employable graduates. The institute’s dedicated placement cell provides students with interview preparation and connection to potential employers. Consequently, IIM Shillong is highly recommended for students seeking robust placement opportunities.
3. What is the salary of IIM Shillong?
The IIM Shillong placement 2023 witnessed an increase in the highest package, which rose to Rs. 71.30 LPA from Rs. 55.22 LPA in the previous year. In 2022, the institute’s median salary package was INR 22.28 LPA, and the highest salary package offered was INR 55.22 LPA.
4. How does the placement record of IIM Shillong compare to other top IIMs?
According to the PGP placement statistics for 2023, IIM Shillong has outperformed other top IIMs such as IIM Nagpur, IIM Visakhapatnam, and IIM Jammu. The highest package offered by IIM Shillong was INR 71.30 LPA, followed by IIM Nagpur and IIM Jammu, both offering a maximum of INR 64 LPA. However, in terms of the average package, IIM Shillong stood out with INR 26.96 LPA, while IIM Nagpur and IIM Jammu had an average package of INR 16.74 LPA and INR 16.43 LPA, respectively. Meanwhile, IIM Visakhapatnam had an average package of INR 16.61 LPA and a maximum package of INR 32.65 LPA. Overall, IIM Shillong’s placement statistics were impressive compared to these other top IIMs.
5. What was the average package of the IIM Shillong PGP batch in 2023?
During the IIM Shillong PGP placements in 2023, the top 20% and 50% of the batch received an average package of INR 35.35 LPA and INR 30.82 LPA, respectively. Moreover, there has been a consistent improvement in the batch-wise average package offered over the past three years, with the top 20% batch receiving an average package of INR 26.67 LPA in 2021, which increased to INR 31.31 LPA in 2022 and INR 35.35 LPA in 2023. Similarly, the average package for the top 50% batch increased from INR 23.22 LPA in 2021 to INR 26.95 LPA in 2022, and then to INR 30.82 LPA in 2023. This trend indicates a positive growth trajectory for the institute’s placement statistics over the years.
6. What was the highest package offered during IIM Shillong PGP placements in 2023?
The highest package offered during IIM Shillong PGP placements 2023 was INR 71.30 LPA.
7. What was the maximum salary package offered during IIM Shillong PGPEx placements in 2023?
The highest package offered during IIM Shillong PGPEx placements 2023 has yet to be disclosed. However, the highest package offered during IIM Shillong PGPEx placements 2022 was INR 32.20 LPA, which showed a 19.26% increase as compared to the previous year’s highest package.
8. Which IIM had the best placements in 2023?
The placement season for the Indian Institutes of Management (IIMs) in 2023 has witnessed some excellent recruitment trends. Among the top IIMs, IIM Ahmedabad, IIM Bangalore, IIM Calcutta and IIM Shillong have reported the highest domestic CTC (Cost to Company) for the batch of 2023. IIM Ahmedabad topped the list with an impressive NR 75.2 LPA while IIM Bangalore came in second with a package of INR 80 LPA. IIM Calcutta and IIM Shillong, too, have seen a steady increase in their highest domestic CTC with INR 65 LPA and INR 71.30 LPA, respectively. These figures indicate a promising trend for the future and showcase the caliber of graduates produced by these prestigious institutions.
9. Is IIM Shillong considered a Tier 1 college?
According to the NIRF rankings 2022, IIM Shillong secured the 26th position among top management institutes in India. In addition, IIM Shillong was also ranked 30th in the Best B-Schools (Govt.) category by IIRF Rankings 2023.
10. For what is IIM Shillong known?
IIM Shillong, established in 2007, is well-known for its postgraduate, doctoral, and executive programs in management education and its Management Development Programs (MDPs) covering various management fields.
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