The recently concluded summer placement season for the Batch of 2010 saw the entire batch of 120 getting placed in no time. The highest domestic stipend on offer once again touched the Rs 100,000 mark. The average domestic stipend also reached an all time high of Rs. 52,000 over the 8-week period.
Another prominent feature of the Summer Placements was that most of the students landed multiple offers. Over 80 companies registered for Summer Placements 2008 at JBIMS, bringing with them a plethora of profiles ranging from Credit Risk Management to Private Equity to General Management to Sales & Marketing.
Dr. D'Silva, the placement coordinator says "The summer placements at JBIMS this year have been outstanding despite the current economic slowdown. Students got to choose from a diverse set of profiles from coveted recruiters and as usual they were guided by their interests and career aspirations. I am sure they will gain rich industry exposure during their summer internships and will learn to manage business in such turbulent times."
Major FMCG companies reiterated their confidence in JBIMS by recruiting in large numbers this year. Companies like Hindustan Unilever Ltd., Procter & Gamble and PepsiCo recruited students for various functions like Marketing, Corporate Finance and Treasury. Coca Cola continued offering international profiles along with Britannia, while other heavyweights like Colgate Palmolive, Dabur, Heinz, ITC, Kellogg's, L'Oreal and Nestle reinforced their long standing association with JBIMS by making several offers. Apart from FMCGs, marketing profiles were offered by ASUS, Johnson & Johnson (Medical) and Philips.
Even amidst the current global economic slowdown, JBIMS continued to live up to its reputation of being a favourite amongst top banks and financial services companies. The institute successfully established relationships with Private Equity firms like HDFC Property Ventures and Investment Banking firms like Saffron Capital Advisors, which offered profiles for the SME and Midcap Corporate segment. Emirates Bank, the largest bank in UAE, made 5 international offers.
Financial majors like JPMorgan Chase, Deutsche Bank strengthened their association with JBIMS by recruiting for the first time for Summer Internships. HSBC offered profiles in Securities & Capital Markets, Marketing and Credit Risk Management along with Retail and Commercial Banking. Over 35% of the batch opted to pursue their internship in this sector with reputed organizations such as American Express, Axis Bank, Citibank, ICICI Bank, Kotak Mahindra Bank and Standard Chartered Bank. SBI Securities and Tata Capital too participated in the Summer Placement process.
"Working in the Financial Services Sector amidst the current financial mayhem provides me a great learning opportunity and I am really looking forward to taking up the challenge", says Alok Mhalas who has opted for the Credit Risk Management profile at JPMorgan Chase.
Consulting firms like Deloitte Consulting and Frost & Sullivan participated in the Summer Placement Process, offering profiles in Strategy, Operations and Research in verticals like aviation and automotives. Cognizant Technology Solutions recruited interns for Consulting for diverse verticals like defense, life sciences, etc.
Leading global player, Hewlett Packard too revisited JBIMS making several offers along with other IT majors like TCS and Wipro.
JBIMS witnessed a rise in the number of pharmaceutical companies visiting the campus this year. Regular recruiters like Pfizer offered profiles in their finance, marketing and operations functions. Other participants included pharmaceutical giants like Astra Zeneca, GlaxoSmithKline, Novartis and Ranbaxy. In the telecom space, majors like Idea Cellular, Virgin Mobile and Vodafone continued their association with JBIMS.
Mahindra & Mahindra and the Essar Group were few of the conglomerates that recruited students in profusion. Wipro offered a host of profiles ranging from Consulting to FMCG, IT to Infrastructure, while DSCL brought with it profiles in Finance and Marketing. Krishna group, too, offered multiple profiles. Many of these excellent enterprises also came with the mindset of tapping the unrivalled talent at JBIMS and then accordingly offering suitable profiles and projects.
Several niche profiles on offer ensured that students from the batch of 2008-10 could choose from the entire gamut of projects available. Hindustan Times made offers to fuel its future growth in new businesses. DuPont made several offers for their marketing profile. Textile giant Bombay Dyeing was also among the major recruiters this year.
Leading Engineering firms like Voltas and Cummins and auto giants like Hyundai and Ashok Leyland extended a number of offers. Tata Motors and steel major JSW Steel were also a part of the placement process.
This year also showed the inclination of some students to do their internships with NGOs. One such student, Purtata Vaity, says "The education at JBIMS has inculcated in me not only a strong managerial perspective but also a broader sense of Social Responsibility. This was only affirmed when JBIMS gave me the unique opportunity of interning with a world-renowned NGO – 'AmeriCares', coming summer. I now look forward to applying my knowledge in the domain of Finance to a socially impactful cause through this experience."
Member of the Placement Committee, Palak Sood rightly says, "We have gone against the current sentiment and have had a stupendous summer placement season. The number of recruiting companies and the number of offers made per company have both been on an upswing. Also the profiles offered to JBIMS students have become more challenging; a testimony to the fact that industry looks forward to JBIMS for providing future leaders."
