Summer Placement for 2015-17 MMS batch at JBIMS Mumbai is over with a hike of 17 % in average stipend and maintaining its record of 100% internship offers. It is the 51st MMS Batch of Jamnalal Bajaj Institute of Management Studies. The placement concluded in record time of 4 days. The campus attracted both legacy and new recruiters across various sectors who hired in large numbers. One of the primary reasons for the exceptional student performance was their readiness to enter the corporate world, backed by the changes introduced in candidate selection process and course curriculum, says JBIMS.
Premier Consulting firms like McKinsey & Co., The Boston Consulting Group and Accenture Strategy continued to consider JBIMS as one of their few preferred campuses for recruitment nationwide. This domain recorded a more than three-fold growth in the number of students being hired. JBIMS also witnessed Investment Banking roles being offered by Barclays Capital, Goldman Sachs and Avendus Capital among others.
Over the years, JBIMS has attracted marquee recruiters like Standard Chartered Bank, Citibank, HSBC, DBS, J.P. Morgan Chase, ICICI Bank, Axis Securities, CRISIL, MetLife to name a few offering a gamut of coveted roles such as Treasury & Trade Services, Global Banking, Wealth Management, Commercial Banking, Corporate Banking, Equity Research, Securities, Strategic Business Development, Transaction Banking and Retail Banking.
FMCG giants such as HUL, P&G, ITC, Danone, Marico, Nivea offered attractive roles in Branding, Sales & Marketing, Corporate Finance, Product Management and Digital Marketing registering a 33% uptick in the number of offers compared to the previous year. Several other recruiters such as Google, General Electric, Mahindra, Snapdeal, Vodafone, Whirlpool, TATA Motors, Hero MotoCorp, Reliance Communication, Abbott, Schlumberger, Maersk Line, Tata Consultancy Services, Wipro, Arvind Brands, Piramal Enterprises, Merck Pharma, L&T, IBM offered diverse roles in Strategy, General Management, Supply Chain, Logistics, Retail Research, Procurement Management and Technology.
Key trends
The Highest stipend offered at the Institute was INR 4.5 lakh. The average stipend reached a new high of INR 1.37 lakh from INR 1.17 lakh for two months offered previous year. The top 10% of the batch took home a whopping INR 2.8 Lakh for two months. Out of the 72 companies that had registered for the process, 68 companies participated in the recruitment drive and made 123 offers. These figures are indicative of the faith that the recruiters have in the Institute and signal towards its glorious future.
Highlights
-- Students were offered a variety of profiles across a plethora of domains spanning the entire industrial spectrum
-- 100% summer placements in record time of 4 days
-- Number of registered companies : 72
-- Number of participating companies: 68
-- Average Domestic Stipend: Rs. 1,37,000
-- Significant rise in the average domestic Stipend
-- Highest Domestic Stipend Offered: Rs. 4,50,000
Placement Coordinator Prof. Balkrishna Parab says, “The smooth and swift summer placements stand testimony to the recruiters’ eagerness in hiring the best of the talent. It also highlights the high academic standards and practical learning approaches that are followed at the Institute. The multitude of recruiters on campus gave students the flexibility to choose sectors and roles of their preference. The diversity of the batch, likewise, provided greater choices to the recruiters as well.”
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