Two students preferred to follow their own dreams instead of joining the ‘herd’ rushing for juicy jobs at Shillong IIM campus placement this year.
They decided to stand apart from the crowd, and go it alone as entrepreneurs instead.
Anoz Sethna from Gandhidham in Gujarat and Mudit Agarwal from Jodhpur in Rajasthan were determined to do what they had planned when they joined the institute two years ago. Both belonged to the 2011-13 batch.
For 'chocolate boy' Anoz, with the looks of a model, it's the family business and Dad's legacy that take pride of place, not plum pickings from multi-nationals.
“It was planned that way, right from the time I enrolled at IIM Shillong. I had to become an MBA and help my father, who will be retiring soon, to carry forward my family business at Gandhidham in Kutch district of Gujarat. We export industrial salt, chemicals and minerals to Southeast Asian countries and China,” says 24 year old Anoz.
24 years old, good-looking Mudit,is basically a Marwari chhokra, with a desi outlook. His family that runs a textile and hospitality business in Jodhpur, wants to start his own venture.“My ambition from the outset was to go for a start-up business. While my family is into hospitality, I intend to initiate a venture in food processing,” he says.
On the topic of the lucrative on- campus offers, the duo expressed similar views. “Yes, the salaries the companies offer to IIM graduates are good, but from a long-term perspective, the returns will be higher if I help my family in furthering the business,” said Anoz.
Echoes Mudit, “A business venture on my own will have its challenges and risks, but all said and done, if things go according to plan, it will give me immense satisfaction.”
The duo, however, will miss their alma mater and of course, “cool and beautiful Shillong”.
Of a class of 104, these two opted out of the placement process to start their own entrepreneurial ventures. Altogether 52 companies confirmed their presence on campus for the process and 39 companies made offers. The highest domestic offer was Rs 22 lakh CTC per annum and the highest international offer was Rs 32 lakh CTC per annum.
The highest domestic offer for the 2010-12 batch was Rs 19 lakh per annum.
“I will miss Shillong. Unlike Gujarat, which is dry and hot, Shillong is cool and pleasant...like heaven. The two years I spent there was a great learning experience, particularly the corporate interactions,” said Anoz. Agrees Mudit: “I will miss my friends in Shillong as well. It’s a lovely place.”
On its students opting out of the placement process, Sanjoy Mukherjee, chairman, placement committee, IIM Shillong, said there were students who decided to join start-ups to venture into unexplored territories and test their entrepreneurial abilities.
“Students from IIM Shillong were willing to experiment with going for better roles than bigger brands. Two of our candidates opted out of placements to pursue a venture on their own” he added.
He said IIM Shillong has once again established itself as one of the premier B-schools in the country by successfully completing its placements for the Class of 2013.
The remarkable increase in the number of brands recruiting from IIM Shillong, despite uncertain global economic conditions, stands testimony to the potential and skill levels of the participants at IIM Shillong.
“While I am extremely proud of the placement team for their hard work, I would also like to thank participating organisations for their continuous support and making the IIM Shillong final placements a grand success” he said.
Most prominent among those who participated in the recruitment process were JP Morgan Chase, Ranbaxy, Citibank, Robert Bosch and Dr Reddy’s. The African arm of a Singapore-based FMCG major has also recruited from IIM Shillong. These brands, along with the regular recruiters like TAS, Deloitte, HSBC, Apollo, GSK, Nomura, among others, round up a successful placements season.