IIM Shillong was established in 2007 as the 7th Indian Institute of Management, located in the North-East region of India. The programs offered at this institute include postgraduate diplomas, executive diplomas, and doctoral programs. The admission process at IIM Shillong is similar to other IIMs, with applicants being evaluated based on their scores on exams such as the CAT, GMAT, GATE, and GRE. Candidates for doctoral programs are also shortlisted based on their performance in the Junior Research Fellowship (JRF).

Tier 1 MBA colleges in India are among the highest-ranked management institutes in the country, and many of their students secure positions at top companies. These colleges are highly competitive and have a strong brand value, which can be beneficial for students as they begin their careers. Although IIM Shillong is considered a tier 1 b-school, it does not rank among the top 10 in India. The top 10 tier 1 MBA colleges in India typically include IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, FMS Delhi, XLRI, IIM Kozhikode, SP Jain, Jamnalal Bajaj, and IIM Indore. Some people may also consider the Indian School of Business (ISB) to be a top tier 1 MBA college due to its one-year program.