227students were awarded Diploma at the 20th convocation of Lal Bahadur Shastri Institute of Management (LBSIM), Delhi on April 5, 2016. LBSIM is one of the leading business school in the country. On this occasion a number of awards like Lalita Shastri Award, Best Summer Training Award, Best End Term Project Award, and Amit Chopra Award were also given to selected students.
The Chief Guest Professor Mool Chand Sharma, former member National Law Commission while delivering the Convocation speech spoke at length about ‘India-Story and Role of Business Leader : Culture of ‘Innovation’, ‘Entrepreneurship’ and ‘Intelligence – Emotional and Social’ (IEI).
Shri Anil Shastri, the former Union Minister and Chairman, Board of Governors, LBSIM- detailed the placement and profile of company who visited LBSIM this year.
Highlights of placement 2016
Director Dr. Arya Kumar in his report highlighted the achievements of the last academic year and presented the details of this year’s placements.
The placement coordinator Dr. Alok Pandey briefed that “specialization wise, consulting took the lead (25%), followed by marketing and sales (20%), IT enabled services (15%), Banking &Finance(15%) and others were 25% this year.
“The average salary package this year was Rs 8.3 Lakh as compared Rs7.9 lakh last year and the highest was Rs17 Lac per annum as compared to Rs15.05 lakh per annum last year .However, we see that, unlike what happened 5 years back, students are more concerned about the profile than pay package.”
Director Dr. Arya Kumar said, “For the first time ever, almost 100 percent campus placement of its students for the passing batch of 2015-1016 has taken place much before all its students have finished their courses, but several companies out of 77 that visited the LBSIM campus for recruitment had to return empty handed because it turned out to be a ‘house full’ situation for them. Out of 77 companies, the lead sector this year was Consulting, research and analytics skills - big data - was the most sought after sector in placement, wherein last year’s tie up with IBM helped.”
Recognising LBSIM’s competency in the financial sector, reputed MNCs like D.E. Shaw & Co., Deloitte, PWC, Marsh India, Jardine Lloyd Thompson and EY etc. offered coveted job profiles. Domestic banks also made their presence felt with IndusInd Bank, DCB Bank, Janlakshmi Bank etc. by offering jobs to students from LBSIM.
With its robust growth story the IT & Consultancy domain was well represented by companies like Infosys, NewGen Software, TCS, Tech Mahindra, Wipro, Collabera Technologies etc
A number of coveted and varied profiles were offered this year by a number of first time recruiters like JLT Independent, Evaluserve, UTStarcom, Aircel, Vedanta Resources Plc., Crisil, CARE Ratings, Grail Research, Birla Sunlife Insurance., CBRE, Havells, Religare Health Insurance, Orient Electric., DCB Bank, etc.
Sales and Marketing profiles were offered by companies like Asian Paints, PepsiCo (Varun Beverages Ltd.), LG Electronics, Bajaj Finserv, Penguin Random House, CavinKare, Maruti etc. Financial and marketing research profiles were offered by prominent names like The Smart Cube, Evaluserve, IMRB International, Neilsen, ZS Associates, CRISIL, JK Paper etc. The automobile sector marked its presence through companies like Maruti Suzuki, Mahindra & Mahindra, etc.
The average annual package of the batch is Rs. 8.30 lakh as per the latest record with approx 96% of the batch being placed and the placements are still going on. The highest domestic package offered was INR 16.5 lakhs p.a. About 3% of the batch had multiple offers. Another 3% of the batch secured pre-placement offers.
For summer internship of PGDM and PGDM-Finance, over 45 companies have selected our students for variety of projects locating them on a pan-India basis. The summer placement stipend offered is from Rs. 5,000/- to 55000/- p.m.
Ever since LBSIM was established by the Lal Bahadur Shastri Educational Society in 1995, it has emerged as one of the foremost business schools in the country based on the ideals and vision of value based education held by the ex-Prime Minister of India, late Lal Bahadur Shastri. Based solely on CAT exams, about 300 students join LBSIM each year. The B-school has earned the distinction of ensuring hundred percent placements year after year. LBSIM has good infrastructures common to the best of business schools in India and its alumni hold several coveted positions in the industry, India and abroad.
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