Within just 5 months of having been established, IIM Shillong has reported 100% placements for internships for its maiden batch, with students bagging multiple internship offers. The critics whose apprehensions had been further fuelled owing to the economic slowdown were vehemently silenced by the record number of companies that made internship offers to the first batch of IIM Shillong.
Notwithstanding the current downturn, top contenders to pick up the bright young managers from IIM Shillong included the Big 4 - Deloitte, E&Y, KPMG and PwC.
In tune with the trend in the other IIMs, quite a few students at IIM Shillong opted for Media & Advertising firms - the likes of which included, Ogivy & Mather, Viacom, Warner Brothers, Euro RSCG, Wikimedia and ESPN Star, among others. The traditional favorites for Marketing profiles - AC Nielsen, Cadbury and ITC - picked up interns from IIM Shillong as well.
The most spoken about financial sector - reeling under the global melt-down - saw students showing reluctance in joining the traditional I-banking behemoths. This time around the flavor of the day for most finance pundits on campus has been core banking and asset management companies including Citigroup, HDFC, Standard Chartered, Axis Bank, Tata AIG, SBI Cap, Kotak Mahindra Bank, SREI, BNP Paribas, among a plethora of other leading Indian and multinational corporations.
Other leading companies that showed keen interest in the placement process at the institute included Barclay's, Deutsche Bank, HUL, TATA Capital, Ford, Eicher Motors, E&Y, Starcom and GE India.
Technology consulting drew keen interest as well, with Siemens, Bosch, Headstrong and Wikimedia competing for the top slots over the duration of the placement process. Manufacturing & Supply Chain companies like Ford, Honda, Lafarge, Hero Group, Cargo Partners made their presence felt on campus as well. The spectrum of PSUs, who did not want to be left behind, spanned from ONGC, NTPC, and UTI AMC to Power Finance Corporation.
Start-ups have been able to attract quite a few students with companies like Advaita Capital, Lotus Investments, etc., making their strong presence felt on the campus. Students received a variety of projects like business re-structuring, government policy reforms, power sector reforms and investment analysis, finding investment opportunity, deciding the business model and the marketing opportunity in unexplored territories for multinational corporations, and are being offered handsome stipend. Around 10% of the students have been recruited for internships overseas.
Being the most tech-savvy management institute of the country, coupled with its presence in the idyllic environs of the Scotland of the East, IIM Shillong's arrival on the management stage has widely been spoken of by recruiters and MBA aspirants alike.
"Despite the slowdown in the markets, there is always the continuous need for good talent to run business as usual; thus, leading to a high demand for tapping the high quality talent that institutes like the IIMs produce. We are pleased with what we have accomplished in the first few months of our operation, but there is always scope to do more," opined Prof. A. Dash, the Faculty-in-Charge of Placements at IIM Shillong.
"Overall, IIM Shillong's internship has been well received by the corporate sector and the momentum generated for the winter internships in a not-so-favorable market situation has reinforced the confidence and optimism of both students and faculty with regard to the final placements which will be in the spotlight, a year from now," expressed Prof. Deepak Gandhi, the Dean and Senior Advisor to Placement Committee.
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