Jamnalal Bajaj Institute of Management Studies (JBIMS) Mumbai has again maintained its legacy of 100% placement with more offers and variety of profiles. Popularly known as CEO factory, JBIMS Placement 2016 saw substantial increase in average placement package to Rs.18.13 lakhs from Rs. 17.42 lakhs in 2015. Around 42% placement offers were made by BFSI recruiters and 50% of the batch was offered PPOs and PPIs. Entire batch of 119 MMS 2014-16 students at JBIMS got placed in the shortest period.
Expressing his satisfaction on yet another successful placement season, Dr Chandrahauns R. Chavan, Director, JBIMS said “The successful placement season once again highlighted that JBIMS students are highly preferred by the industry. Besides the excellent academic curriculum, the constant interaction of our students with the industry has made them even more adept as future managers.”
JBIMS has always been one of the most preferred campuses for recruiters and the incredibly successful placement season for the Batch of 2016 only goes on to serve as a testimony of the faith that the industry places on the quality of students of JBIMS.
Upward trend in Placement 2016
The placement trend in any B-school can be assessed by the ups & downs in the average and median salary offered by the recruiters. While the highest placement might be offered to one or two students, it is the gap between the highest and average pay package offered which determines the trend in placement season over the past placements. JBIMS has although seen a decline in highest pay package in placement 2016 but the average and median salary packages in placement 2016 have substantially increased over the past years.
Average & Median packages up
Moving on the path of Make in India and making the MBA shine, JBIMS has again proved that there is no slowdown in placement offers. The placement season 2016 at JBIMS saw a rise in average salary to Rs.18.13 lakhs from Rs.17.42 lakhs in 2015 and Rs. 16.18 lakhs in 2014. The Median salary in Placement 2016 also increased to Rs. 16 lakhs from Rs.15.5 lakhs in 2015 and Rs.14.5 lakhs in 2014.
It is a notable fact while the average salary package has gone up by around Rs.2 lakhs in 2 years, the median salary has also short up by Rs. 1.5 lakhs in placement 2016 from 2014.
Highest package declines
The highest salary package in placement 2016 has declined to Rs.26 lakhs as compared to Rs. 35 lakhs in 2015 and has gone back to placement 2014 level which also recorded the highest pay package of Rs.26 lakhs per annum. JBIMS has not shared the details of the student who has grabbed the highest pay package in 2016.
77 Recruiters with more first timers
Placement 2016 witnessed the participation of 77 recruiters. Number of recruiters who participated in placement last year was 75. There has been a good number of first time recruiters at JBIMS which include Hinduja Group, Amazon, General Motors, HDFC, Kotak Mahindra Bank, RIL, Shell, Tata Motors among others.
International roles were offered by the Hong Kong based company across various domains.
BFSI: Tops sectoral placements
Banking Finance Services and insurance (BFSI) sector topped the list by making 42% of the offers. Next was FMCG and pharma with 21% offers. Telecom & Auto made 12% offers followed by conglomerates with 11% placement offers. Consulting made 8% offers while rest 6% came from E-commerce, IT and others.
Top Recruiters at JBIMS
Out of 77 recruiters in JBIMS placement 2016, major recruiting companies making maximum number of offers include Goldman Sachs, JP Morgan, ICICI Bank, Citibank, Motilal Oswal, Standard Chartered Bank, HSBC, HDFC Bank, RIL, Tata Motors, Yes Bank, Kotak Mahindra Bank, Hindustan Unilever, P&G, ITC, L&T, McKinsey & Company, The Boston Consulting Group, Cognizant, Maruti Suzuki, Indiabulls among others.
Diverse Batch profile
JBIMS batch of class 2014-16 has 119 candidates participating in campus placement 2016. The diversity of the batch is reflected in the fact that it contains a good mix of engineers, doctors, pharmacists, entrepreneurs, physiotherapists, architects, commerce and arts graduates comprising the best talent from across the country. To add on to their knowledge of business many students took professional courses and certifications such as CFA, Master of Business Laws, FRM. Engineers with experience in diverse fields such as construction, power sector, shipping industry, social media, banking services and IT consultancies form the core of the batch. The versatile backgrounds of the students attracted diverse and niche profiles from different companies.
JBIMS: USPs
JBIMS is a now 50 years’ old B school that has produced many industry leaders who visit the institute to share their practical experiences while climbing the ladder of hierarchy. This is the biggest advantage in view of the students, faculty and corporate alike. JBIMS toppers are of the view that most of the visiting faculty members are corporate leaders who also happen to be the alumni of JBIMS. These guest lectures give direct insight into what is happening currently in the industry and how it is expected to take shape in the future.
All the toppers agree that JBIMS is known for its esteemed alumni base that has made their name not only within the country but also internationally.
JBIMS is located in the heart of Mumbai in Churchgate area and this advantage can never fade as it is the centre of commercial activity. Toppers find that the institute has excellent location right in the heart of the financial capital of India.
Education at JBIMS is not limited to conventional class room experience. It is coordinated with vast industrial exposure also. Students at JBIMS find great merit while studying at the B school and share that studying at JBIMS is an altogether different experience.
Admission 2016: Opportunity widens in JBIMS
JBIMS, Mumbai has attained the status of autonomous B-school of University of Mumbai with effect from academic session 2015-16. In admission process to its flagship MMS 2015-17 batch, JBIMS did not participate in the Centralized Admission Process (CAP) conducted by DTE Maharashtra but convened its own GD-PI round. The B-school also announced in 2015 that it would accept only CAT and MAH-CET scores.
However, deviating from its earlier stand, for admission 2016 JBIMS has preferred to join back the CAP 2016 to be conducted by DTE Maharashtra sometime in May 2016. Since the candidates can register and apply to participate in CAP 2016 on the basis of their scores obtained in CAT 2015; XAT 2016; CMAT 2016; MAT 2015-16; ATMA 2015-16; GMAT or MAH-CET 2016, the JBIMS aspirants may hope to get admission in this top rated B-school with their high scores in any of the above exams.
Prof. Balkrishna Parab, the Placement Co-ordinator at JBIMS, says “As we were able to select the best talent through a rigorous and competitive selection procedure, it has helped students outperform their peer group across corporate competitions and summer internships. Our legacy recruiters and first time recruiters together have helped us touch milestones and build a strong affiliation with the industry.”
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