The entire batch has been placed on first day itself. Over a 100 companies registered for Summer Placements 2007 to select students from the batch size of 120 students.
This year's highest domestic stipend at JBIMS was Rs. 100,000 and the average domestic stipend touched Rs. 47,000 (Rs 23,500 per month). Comparing this year's summer placements trends, JBIMS said, "There is whopping 67% rise over last year's highest domestic stipend and the average domestic stipend also touched an all time high."
Banking and financial services was the most preferred choice amongst students of JBIMS. According to JBIMS, "Over 30% of the batch opted to do their internship in this sector in reputed organizations such Citibank, HSBC, Standard Chartered, ICICI, Kotak Mahindra and Axis Bank." JBIMS added, "Profiles on offer include M&A advisory, debt syndication, treasury and credit and risk management."
This year also saw the resurgence of FMCG majors on campus. According to JBIMS, "21% of the batch accepting offers from the FMCG sector." Proctor & Gamble made six offers. Heavyweights such as HUL, Nestle, Colgate Palmolive, and Coca Cola also recruited in numbers. Other major FMCG recruiters like ITC, Cadburys, Dabur, Britannia, L'Oreal, Heinz and Castrol participated in the process. Titan and DuPont made several offers for their marketing profiles.
The Pharmaceutical sector was well represented by majors like Pfizer and Astra Zeneca. Global pharmaceutical giant Pfizer recruited interns for its finance and marketing functions. Johnson & Johnson Medical also made several offers for its marketing, finance and operations profiles.
KPMG lead the pack of Financial Services companies and made offers for its Financial Advisory Services division. "It feels great to have made it to one of the Big Four for my internship" says Harshal Pandya who would be doing his summers with KPMG.
India's Merchant Bank AK Capital Services Limited offered profiles in investment banking and Wealth Management. Commodity Exchange NCDEX recruited for projects in their Spot Markets division. Financial Services sector also saw the participation of regular recruiters like GE Money and American Express. IDFC recruited two students for its project evaluation and appraisal practice.
Consulting majors Acccenture Business Consulting and Mercer Consulting participated in the process. " The best thing about Management Consulting is one gets to see his deliverables being successfully implemented which would provide huge job satisfaction. The best thing about working with Accenture is the variety of work and its clients' base as well as its expansive training programs," says a candidate who made it to the leading Consulting major.
Major IT recruiters at JBIMS included Cognizant, TCS, Wipro, Patni and Mindtree Consulting.
Students also had a host of international profiles to choose from . "JBIMS has proved to be a great platform to venture into my first opportunity to work overseas. I look forward to work in a truly global environment and gain exposure to international standards and best practices", says CET 2007 topper Shreyas Shah, who opted for a business development profile with UAE based conglomerate Sharaf Group over domestic offers.
International Telecom major Vodafone selected two students. The RPG group offered diverse projects varying from Project Finance to projects in their ERP function in retail. Hindustan Times made two offers.
Says Ankit Tyagi , Member, Placement Committee at JBIMS , "The high point of this summer placement season was the successful introduction of an innovative student friendly dream offer concept for the summer placement process. This succeeded in giving the students the option to get the most desired profile in the sector of their choice, while they already had offers in hand."
