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Meghalaya: IIM Shillong registers 29% jump in placement stipend

The highest stipend offered in the 2018-2020 batch comprising 180 students was Rs 3 lakh, with the average stipend offered being Rs 1.12 lakh

Sabra Nagi

Sabra Nagi

Shillong: IIM Shillong registered a jump of 29% in its summer placement stipends for the 2018-2020 academic session.

The highest stipend that was offered in the batch of 180 students was Rs 3 lakh, with the average stipend offered during this period being Rs 1.12 lakh, showing an increase of 29% compared to last year. The top 20% and 50% of the batch were offered a stipend of Rs 2.44 lakh and Rs 1.7 lakh, respectively.

The summer placement season at IIM Shillong witnessed participation from 54 recruiters, spanning across various domains such as sales and marketing, strategy and consulting, general management, finance, operations and human resources. Sales and marketing continued to be the most sought-after domain this year, with 38% of the total offers made to the participants.

As a testimony to the industries’ increasing faith in IIM Shillong's emphasis on rigorous academics, the season witnessed participation of several prominent regular recruiters such as Aditya Birla Group, Amazon, BPCL, Deloitte USI, Fidelity Investments, Google, HSBC Bank, ICICI Bank, ITC, JSW Group, Nomura Investment Bank, TATA Motors, TATA Steel, Titan, Value Labs and Yes Bank.

The institute also hosted many first-time recruiters, including AB InBev, Bajaj Finserv, Cipla, DE Shaw, Emami, GMM Pfaudler, Goldman Sachs, Henkel, Maruti, Pidilite, TATA Capital, TIW Private Equity, Ultratech, United Breweries and Xiaomi.

The PGP 2018-20 batch of IIM Shillong has been offered several roles ranging across advisory, analytics, change management, consulting, corporate strategy, equity research, global investment research, global management, international business, investment banking, market research, product management, sales and marketing, strategy and operations, supply chain management and talent acquisition.

While IIM Shillong continued to strengthen its hold on Consulting, Finance, General Management and Sales & Marketing, the offers in Human Resources and Operations witnessed a huge jump this year, with 60% increase in the number of offers made in Operations and 125% increase in the highest stipend offered in Human Resources.

Amazon, Deloitte USI, HDFC Bank, Pidilite and TATA Steel made the maximum number of offers this year.