IIM Shillong Placement 2024: Average Salary Dips at Rs.26.10 LPA; 87 Recruiters make offers to 283 Students
IIM Shillong has completed 100% placement for its large PGP 2022-24 batch with average salary going down at Rs.26.10 LPA from Rs.26.96 LPA last year. While IIM Shillong has kept intact its place in the elite club of top IIMs with 25+ LPA Average salary, like other IIMs it has also been affected with economic slowdown as the placement statistics reflect dip in its Highest, Average and Median salary in Placements 2024
In a scenario when most B-schools are facing adverse impact of Economic Slowdown in their placements, IIM Shillong too has been affected by this phenomenon with a dip in its Average, Median and highest salary in Placement 2024. IIM Shillong concluded its final placement 2024 witnessing 87 marquee companies making offers to its large batch of 283 students. IIM Shillong has started conferring MBA degree instead of diploma after implementation of IIM Act 2017 which empowered the IIMs to award MBA degree.
IIM Shillong Joined the club 25+ LPA average salary B-schools last year. This year too it has kept its place intact despite the dip in average salary. Average salary in IIM Shillong has gone down at Rs.26.10 LPA in Placement 2024 for the 15th PGP 2022-24 batch from Rs.26.96 LPA last year along with a dip in highest and median salary.
IIM Shillong Placements 2024 Vs Other New IIMs Placements 2024
Among the second generation IIMs who have completed final placements 2024, IIM Shillong is not the only one to have registered a dip in salary packages, most other IIMs have also witnessed downward trend in placement packages. A comparative analysis of IIM Shillong Placements Vs other IIMs’ Placements is given below:
|
NIRF Ranking 2023 |
IIMs |
Status of Placement 2024 |
Increase or Decrease in Average Salary in Percentage |
|
# 1 |
IIM Ahmedabad |
Completed, |
Data will be released after IPRS Audit in September/October 2024. |
|
# 2 |
IIM Bangalore |
Completed. |
1.7 % Increase |
|
# 3 |
IIM Kozhikode |
Completed, |
9.6 % Decrease |
|
# 4 |
IIM Calcutta |
Completed. |
No increase. Same as last year. |
|
# 6 |
IIM Lucknow |
Completed. |
6.8% Decrease |
|
#7 |
IIM Mumbai |
Completed. |
11.7% Increase |
|
# 8 |
IIM Indore |
Completed. |
15% Decrease |
IIM Placements 2024: New IIMs Average Salary Data for last four years
An interesting observation from the data is that IIM Shillong, the first of the second-generation IIMs, established more than a decade after IIM Indore in a relatively remote location, has managed to exceed the salary of older IIM Indore! While the average 2024 salary reported by IIM Indore is Rs 25.68 LPA, the average 2024 salary reported by IIM Shillong is Rs 26.01 LPA.
|
NIRF Ranking |
IIMs |
MBA Average |
MBA Average Salary 2022 (Rs LPA) |
MBA Average Salary 2023 (Rs LPA) |
IIMs Placements 2024 with |
|
# 11 |
IIM Raipur |
15.11 |
17.73 |
21.04 |
19.7 |
|
# 12 |
IIM Rohtak |
13.74 |
16.06 |
18.73 |
19.27 |
|
# 16 |
IIM Udaipur |
13.42 |
17.8 |
20.32 |
Not Completed |
|
# 19 |
IIM Kashipur |
14.05 |
15.21 |
18.11 |
Not Completed |
|
# 22 |
IIM Tiruchirappalli |
14.85 |
17 |
20.55 |
19.43 |
|
# 24 |
IIM Ranchi |
14.69 |
16.17 |
17.3 |
18.69 |
|
# 26 |
IIM Shillong |
19.17 |
23.1 |
26.96 |
26.10 |
However, proving its mettle and braving the economic slowdown situation, IIM Shillong has successfully concluded the final placements for the batch of 2022-24, keeping intact its legacy of 100% placement record over the years.
IIM Placements 2024: Check Placement Report, Average and Highest Salary Package |
IIM Shillong Placement 2024: Highlights
- 100% placements for the large batch of 283 students
- Average Salary in Placement 2024 goes down to Rs.26.10 LPA from Rs.26.96 LPA last year
- Highest Salary in Placement 2024 goes down at Rs.71.50 LPA from Rs.73.30 LPA last year.
- 87 Recruiters Made Placement Offers in 2024 to the batch of 283 students
- Median Salary has gone down at Rs.25.67 LPA in Placement 2024 from Rs.26.09 LPA last year.
- 87 PPOs/PPI offered by prominent recruiters
- 46 New Recruiters participated in IIM Shillong Placements 2024
- Top Recruiters include Accenture, Aditya Birla Capital, Bain & Company, Capgemini, Deloitte, EY, Goldman Sachs, JP Morgan Chase & Co., Adani Group, L&T McKinsey among others
- Top Recruiting Domains: Consulting and Strategy with 32% Offers
Key Placement Trends: Last 7 Year Analysis
The flagship Post Graduate Programme in Management (PGPM) at IIM Shillong witnessed the completion of final placement. The recruitment drive saw participations from 87 recruiters from diverse domains such as Consulting & Strategy, Finance, General Management, Human Resources & Operations, IT & Analytics, and Sales & Marketing. The placement analysis of last 7 years at IIM Shillong reveals that despite increasing number of students in the batch, average placement is consistently rising except for this year with marginal dip
|
Placement Year |
Highest Placement (Rs.in Lakhs) |
Average Placement (Rs. in Lakhs) |
|
Placement 2024 |
71.50 |
26.10 |
|
Placement 2023 |
73.30 |
26.96 |
|
Placement 2022 |
55.22 |
23.10 |
|
Placement 2021 |
32.00 |
19.17 |
|
Placement 2020 |
48.50 |
18.76 |
|
Placement 2019 |
28.00 |
16.79 |
|
Placement 2018 |
26.00 |
15.50 |
Top Recruiters
The placement season saw participation from a total of 87 recruiters spanning across various domains like Consulting & Strategy, Finance, General Management, Human Resources, IT & Analytics, Operations, Sales & Marketing among others.
Among the top recruiters across the sectors and domains at IIM Shillong are some of the biggest names in the industry, including Adani Wilmar, Aditya Birla Capital, ADP, Affinity Global, Anicut Capital, Accenture Strategy, Axis Bank, Bain & Company, Berger Paints, Capgemini, Cipla, CSM Technologies, Deloitte USI, Everest Industries, EY India, Goldman Sachs, Grasim Industries, Hero MotoCorp, HSBC Bank, ICICI Bank, Infosys Consulting, ITC, JPMorgan Chase & Co., Larsen & Toubro, McKinsey & Company, Microsoft, Nomura Investment Bank, Pidilite Industries, Tata AIG, Tata Steel, Tiger Analytics, Vedanta, WNS, Xiaomi, Yubi and others, reaffirming their confidence in the institute.
First Time Recruiters
IIM Shillong graciously welcomed 46 marquee new recruiters, including Accenture Technology Consulting, Arvind Fashions, Aon Consulting, Cognizant, Cummins India, IBS Software, IndusInd Bank, IIFL, JSL, Mahindra Comviva, Manyavar, Merilytics, Piramal Pharma Limited, Protiviti, Reliance Brands Limited, THB, Qwixpert, Standard Chartered, Synergy Consulting, TA Digital, Takshashila Consulting, TVS Motors and William O’Neil among others.
87 PPOs/PPIs at IIM Shillong
The PGP 2022-24 batch accepted 87 PPI/PPO opportunities from top Companies including Accenture Strategy, Aditya Birla Capital, Air India, Atomberg Technologies, Baker Hughes, Boston Consulting Group, Bain & Company, Cipla, Berger Paints, Deloitte USI, Everest Group, Goldman Sachs, HSBC, ICICI Bank, IDFC First Bank, ITC, Johnson & Johnson, JSW Group, JPMorgan Chase & Co., Kotak Life, LatentView, Metalbook, Nomura Investment Bank, Oxane Partners, Pidilite Industries, Tata Steel, ServiceNow and Synergy Consulting among others.
Top Recruiting Domains
Domain wise share of offers with top recruiters are as below in IIM Shillong Placement 2024
Consulting & Strategy: 32% Offers – Highest Salary: Rs.46.05 LPA
Consulting and Strategy emerged as the top-choice domain, comprising 31.5% of all offers extended. Among the roles offered were Associate, Management Consultant, Business Consultant, and Sales Transformation Consultant. Prominent recruiters such as Accenture Strategy, Boston Consulting Group, Bain & Company, Capgemini, Deloitte USI, EY India, Everest Group, McKinsey & Company, Piramal Pharma Limited, Infosys Consulting, Synergy Consulting and WNS Global reaffirmed their partnership with the institute, providing desirable positions to students. Additionally, sought-after names like Accenture Technology Consulting, ADP, IBS Software, IIFL, Protiviti, Takshashila Consulting and THB also joined the ranks of recruiters.
Finance: 29% Offers – Highest Salary: Rs.40 LPA
IIM Shillong has always been a preferred campus for recruiters offering roles in the Finance domain. A notable 28.8% of participants secured offers for roles including Associate, Credit Risk Analyst, Equity Research, and Financial Risk Advisory, among others. Esteemed recruiters such as Axis Bank, Goldman Sachs, HSBC Bank, ICICI Bank, IndusInd Bank, JPMorgan Chase & Co., Kotak Mahindra Bank, MUFG, Nomura Investment Bank, Oxane Partners, Standard Chartered, Tata AIG and Willaim O’Neil remained steadfast in their recruitment efforts, hiring in significant numbers from the institute.
Sales & Marketing: 21% Offers – Highest Salary: Rs.43 LPA
Sales & Marketing made up 21.2% of the overall offers received. Recruiters like Berger Paints, Cipla, Everest Industries, ITC, Johnson & Johnson, Grasim Industries, Metalbook, Pidilite Industries, and Tata Steel reaffirmed their confidence in the capabilities of the participants by recruiting extensively. Additionally, first- time recruiters including Adani Wilmar, Air India, Cummins, Hero MotoCorp, TVS Motors and Xiaomi joined the roster.
Human Resource & Operations: 8% Offers Highest Salary: Rs. 30 LPA
The Human Resources and Operations domain attracted notable companies such as Aditya Birla Capital, Affinity Global, Air India, AON Consulting, Birlasoft, CSM Technologies, EcomExpress, Reliance Brands Limited, Tata Steel, Vedanta, and WNS Global reaffirming their commitment to the institution by providing significant roles across diverse sectors. This domain comprised 8.5% of this year’s placements.
General Management: 5% Offers – Highest Salary: Rs.30 LPA
This year, the General Management sector witnessed heightened interest from recruiters across diverse industries such as BFSI, Consulting, IT & Analytics, Manufacturing & Retail, and Technology, Media & Telecommunications. Notable names like Adani Group, IIFL, Kotak Life, JSW Group, Larsen & Toubro and Metalbook contributed to this trend. General Management roles constituted 5% of the total placements.
IT & Analytics: 5% Offers – Highest Salary: Rs.71.50 LPA
The IT & Analytics sector saw involvement from several recruiters, such as Baker Hughes, CarWale, LatentView Analytics, Merilytics, Microsoft, and ServiceNow. Among the participants, 5% secured offers for roles like Product Manager, Business Manager, Data Analytics & Reporting, and Senior Business Analyst, among others. Mahindra Comviva, TA Digital, Tredence, and WNS collaborated with the institute for the first time.
IIM Shillong 2022-24 Batch Profile
The PGP 2022-24 Batch was the diverse one in many ways. The Batch profile is shared below
|
PGP 2022-24 Batch Profile Components |
Number/Percentage |
|
Number of Students |
283 |
|
Female Students |
21% |
|
Male Students |
79% |
|
Students with Engineering Degree |
45% |
|
Students with graduation in Finance & Commerce |
36% |
|
Students with graduation in Science |
10% |
|
Students with graduation in Arts and other streams |
9% |
|
Students with Work Experience of 12 to 36+ Months |
63% |
|
Freshers |
37% |
Established in 2007, IIM Shillong (Meghalaya) is the 7th in the family of 21 IIMs and is the only IIM operating and catering to 7 sister states of North East in India. During the short span of time, IIM Shillong has acquired the prominent place in the Indian Management education. The rising number of recruiters and high salary packages offered to students in placement 2024, is a testimony to the growing popularity of IIM Shillong.
Also Read:
Stay tuned to MBAUniverse.com for more updates on IIM Shillong