Global meltdown seems to have spared the country's youngest IIM here, with the maiden batch of the institute's students registering cent per cent placement in its winter internships.
The 64-strong batch of the IIM, the country's seventh, were offered multiple internships by 35 companies, putting at rest apprehensions of job-cuts owing to global meltdown.
A delighted Director of the new IIM, Prof Ashoke K Dutta said, "When we approached the companies, initially they were hesitant. The challenge was to convince them as to how the products would be of help to them."
"We used the downturn to our advantage. The companies do need some extra hands for certain projects.We positioned our students as those who could do studies and recommend how to overcome this cycle of economic activity," he said.
This gave them the advantage, Prof Dutta elaborated. Significantly, the Shillong IIM achieved the feat in its winter project and that too when the students had completed just two terms instead of three unlike in other IIMs.
"We used the winter to our advantage because most of the companies are used to only summer projects. Even though our students are yet to complete a year, yet they had immense entrepreneurial exposure being the first batch," Prof Dutta said.