Shillong, April 5: Students of the Indian Institute of Management (IIM) Shillong who graduated today were exhorted not to fear failure and to tread the path of risk.
Altogether, 107 students of the post-graduate diploma in management programme received their certificates during the fifth convocation programme of the IIM.
In addition, 35 students of the executive post-graduate diploma in international business (PGPEx) programme for the year 2013, also received their passing out certificates.
Speaking on the occasion, Madan Mohan Mohanka, alumnus of IIM Ahmedabad and chairman of MM Group of Industries, said, “Learn to tread a path of risk, and never fear failure. Be courageous and take decisions, leave problems behind and go forward, always keeping your purpose, values, integrity, passion, and hard work intact.”
Congratulating the students, he said, “People will expect a lot more from you. Use your education towards bringing societal equity. Do not look only at self, but society and the larger issues.”
IIM Shillong director Prof. Amitabha De urged the students not to be uprooted from the ground reality when they join as corporate managers.
“Your career, for which you have been working so hard, can only flourish and sustain in a meaningful way when you strengthen the values of compassion, humility, integrity and honesty,” De said.
Some of the graduates were awarded medals. Gaurav Sachdeva who was awarded the chairman’s gold medal for securing the highest CGPA among all the students of the batch.
Placements: Students passing out of IIM Shillong have got a slight increase in their salaries while 25 new companies have hired students. The final placements were announced at the convocation today.
“This year has been a significant year in terms of the quality and the number of offers extended to the participants. Altogether 53 companies participated in the final placements (2012-14) process, including 25 new recruiters,” an IIM official said.
“The average CTC stood at 12.49 lakh per annum, which is a slight increase from 12.22 lakh obtained by students of the 2011-13 batch. Regular, as well as new recruiters, have shown a huge amount of faith in the talent pool,” the official said.
Finance emerged the most sought after domain, with 28 per cent of the batch securing offers, followed closely by sales and marketing with 27 per cent.
New recruiters included companies like Aditya Birla Group, KPMG, IBM and Trident Group while some of the largest recruiters on campus are Tata Steel, Cognizant, Wipro and ICICI, among others. Renowned recruiters like Aditya Birla Group, Mahindra GMC, Tata Administrative Services, Robert Bosch recruited for the respective leadership development programmes.
Prominent recruiters in the finance domain are HSBC, ICICI, Nomura, SBI Capital Markets and Yes Bank.
Companies like Amazon, GSK Pharma, Maruti Suzuki and Wipro were most sought after for roles in sales and marketing. This domain also saw students secure international offers.
In the operations and supply chain domain, major companies like Tata Steel, Daimler and Dr Reddy’s recruited in numbers.
The IT/ITES domain witnessed the participation of large companies like Fidelity Investments, Cognizant, HCL, Infosys BPO and Tata Motors, among others.
“We are sure that the graduating batch of 2014 will live up to the standards of the extremely competitive corporate world,” Sanjoy Mukherjee, the chairman of the placement committee, said.