IIM Shillong Placements 2024: Highest CTC at Rs 71.50 lakh; consulting and strategy top recruiting sector

NEW DELHI: The Indian Institute of Management-Shillong (IIM Shillong) saw the highest salary package of Rs 71.50 lakh in the Post Graduate Programme (PGP) 2024 placements. 283 students of the PGP 2022-24 batch received offers from 87 firms and the maximum were made by the consulting and strategy sector.

The average CTC of students stood at Rs 26.19 lakh per annum while the median CTC was recorded at Rs 25.67 lakh. The top 10% of students secured an average CTC of Rs 43.15 LPA, top 20% secured Rs 38.43 LPA and top 50% stood at Rs 32.39 LPA.

In the IIM Shillong 2024 placements, the recruiters like Adani Wilmar, Aditya Birla Capital, ADP, Affinity Global, Anicut Capital, Accenture Strategy, Axis Bank, Bain & Company, Capgemini, Cipla, Deloitte USI, EY India, Goldman Sachs, Grasim Industries, Hero MotoCorp, HSBC Bank, ICICI Group, Infosys Consulting, ITC, JP Morgan Chase & Co., Mahindra Logistics, McKinsey & Company, Microsoft, Nomura Investment Bank, Pidilite Industries, Tata AIG, TATA Steel, Tiger Analytics and WNS participated.

There were some first-time recruiters including Accenture Technology Consulting, Arvind Fashions, Aon Consulting, Cognizant, Cummins India, IBS Software, IndusInd Bank, IIFL, Manyavar, Merilytics, Protiviti, Reliance Brands Limited, Ǫwixpert, Standard Chartered, Synergy Consulting, and TVS Motors.

IIM Shillong PGP Placement: Hiring across domains

Consulting and strategy sector made 31.5% of all offers. Among the roles grabbed by students were associate, management consultant, business consultant, and sales transformation consultant. Established names such as BCG, Bain & Company, Capgemini, Deloitte USI, EY India, Everest Group, McKinsey & Company, Piramal Pharma Limited, Infosys Consulting, and WNS Global represented the sector. Additionally, newcomers like Accenture Technology Consulting, IBS Software, IIFL and Protiviti also joined the ranks of recruiters.

Finance sector domain offered 28.8% of job offers for roles including associate, credit risk analyst, equity research, and financial risk advisory, among others. Recruiters such as Axis Bank, Goldman Sachs, HSBC, ICICI Bank, JP Morgan Chase & Co., Nomura Investment Bank, Standard Chartered, Synergy Consulting, and Tata AIG took part.

21.2% of the overall offers were made by sales and marketing recruiters like Berger Paints, Everest Industries, ITC, Johnson & Johnson, Grasim Industries, Pidilite Industries, and TATA Steel including first-times like Air India, Hero MotoCorp, Xiaomi, Larsen & Toubro, and TVS Motors.

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Human resources and operations domain witnessed participation from companies like Aditya Birla Capital, Air India, AON Consulting, CSM Technologies, Reliance Brands Limited, TATA Steel, Vedanta, and WNS Global, accounting for 8.5% of placements this year.

The general management domain saw increased participation from recruiters including diverse industries such as BFSI, Consulting, IT & Analytics, Manufacturing & Retail, and Technology, Media & Telecommunication. Notable names like Adani Group, IIFL, Kotak Life, and JSW Group contributed to this trend, accounting for 5% of placements this year.

The IT and analytics domain witnessed participation from recruiters including Baker Hughes, CarWale, LatentView Analytics, Merilytics, Microsoft, and Service Now. The domain accounted for 5% of the placements, with Mahindra Comviva, TA Digital, Tredence, and WNS partnering with the institution for the first time.

The institute witnessed a significant demand for roles in consulting, finance, and marketing 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.