Shillong, April 23: The Indian Institute of Management (IIM) Shillong is steadily growing in its reputation as well known firms are flocking into the institute to recruit graduates.
Recently, the institute completed its placement process for the graduating batch of 2014 where two students opted out of the recruitment race to pursue their dreams elsewhere.
The highest international package offered to the students of IIM Shillong this year stood at Rs 37 lakh, whereas the highest domestic package stood at Rs 22 lakh.
This year, 53 companies participated in the placement process giving offers to the batch of 107 students. The average package went up from last year and stood at Rs 12.49 lakh. Around 18 per cent of the batch already had pre-placement offers (PPOs) for their performance during their summer internships.
Two students opted out of the process to pursue a different path. While one would be joining a family business, the other would pursue a career in the development sector by participating in the Prime Minister’s Rural Development Fellowship (PMRDF) Scheme.
The scheme is a short-term work opportunity (two to three years) for young men and women who already possess some level of academic and professional expertise.
These youngsters are put in various district administrations to improve programme delivery and interface with the marginalised section of the population.
Moreover, the scheme aims at providing short-term support to the district administrations in Integrated Action Plan (IAP) districts, and develop a cadre of development facilitators as a ready resource for rural development over a long term.
Among the prominent recruiters, which took part in this year’s placement process included Mahindra GMC, Deloitte, Nomura, GSK Pharma, HSBC, Tata Steel and ICICI Bank.
Tata Steel emerged as the largest recruiter giving out eight offers. Groups like Aditya Birla Group, Amazon, Maruti Suzuki, IBM, and Wipro, among others, emerged as the new entrants in the recruiters list of IIM Shillong giving offers to the batch.
The placement process also witnessed a surge in the number of public sector units (PSUs) participating with companies like BPCL, Oil India Ltd, and Powergrid Corporation of India Ltd. offering jobs to the young graduates.
Professor Sanjoy Mukherjee, chairman of the placement committee, attributed the success of the placement season of IIM Shillong to the institute’s “growing reputation and capability shown by the students of the college”.