SJMSOM-IIT Bombay MBA Final Placement 2021: Records 5% hike in Average Salary Going Up at Rs.21.96 Lakhs; Accenture, JPMC, PWC, P&G among top Recruiters


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May 3, 2021
SJMSOM – IIT Bombay has completed MBA Placement 2021 achieving yet again 100% placements with 5% rise in average salary despite the Covid pandemic. While the average salary has increased to Rs.21.96 LPA from Rs.20.8 LPA last year, the highest salary in placement 2021 stood at Rs.32 LPA. Accenture, Cochlear, JPMC, P&G, PWC among others were the prominent recruiters. SJMSOM offers MBA admission to the graduates from all disciplines based on their CAT scores
IIT Bombay MBA Final Placement 2021

Shailesh J.Mehta School of Management (SJMSOM) – IIT Bombay has completed Final Placement 2021 for its MBA 2019-21 batch with 5% increase in average salary despite the prevailing Covid-19 pandemic situation. While Average salary SJMSOM Placement 2021 has gone up at Rs.21.96 LPA from Rs.20.8 LPA last year, the highest salary has stood at Rs.32 lakhs. SJMSOM IIT Bombay has again achieved 100% placements for its MBA 2019-21 batch..The two-year MBA at SJMSOM-IIT Bombay is a full-time residential course for graduates from all disciplines wishing to choose a career in management. This Programme is one of the highly ranked MBAprogrammes in India.

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SJMSOM final placement 2021 season witnessed 40 recruiters visiting the institute to offer diverse roles in numerous departments such as Consulting, E-Commerce, Finance, IT, Operations, Sales & Marketing, Supply Chain among others. The season saw the presence of many leading organizations including Accenture, Cochlear, JPMC, P&G, PWC among others who offered the students prestigious roles. 

Sharing the SJMSOM IIT Bombay placement 2021 highlights, Prof S N Rao, Head, SJMSOM IIT Bombay said, “This year, the school witnessed a wide range of opportunities from organizations spanning BFSI, Consulting, E-Commerce, FMCG/Manufacturing, IT, Pharma industry, and an increase in median CTC to Rs.22 lacs. Despite the perils in recruitment across industries due to the pandemic, the 100% placement figures stand as a testament to the industry's continuing interest in the pool offered by SJMSOM.”  

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SJMSOM IIT Bombay MBA Placement 2021: Highlights

  • Average Salary increased to Rs.21.96 lakhs from Rs.20.8 Lakhs last year
  • Median Salary increased to Rs.22 lakhs from Rs.20.3 lakhs last year
  • Highest salary goes down to Rs.32 lakhs from Rs.32.40 lakhs last year
  • Batch size: 108 Students eligible for Placement 2021
  • Total Recruiters:40
  • New Recruiters: 16

Top Recruiters at SJMSOM
SJMSOM witnessed 40 recruiters including 16 new companies in Placement 2021. Companies from IT, E-commerce, BFSI, Consulting, FMCG and other prominent sectors participated in SJMSOM IIT Bombay MBA placements 2021. Highest representation of 25% was from IT companies.


Prominent recruiters in SJMSOM Placement 2021 include Accenture, Cochlear, JPMC, P&G, PWC, Marico, ICICI Bank, Infosys,  Yes Bank, CredAble, Shangrila CS, TresVista, Verisk,  Bristlecone, GEP, Infosys Consulting, PwC US Advisory, Synergy Consulting, ZS Associates,  Asian Paints, Avery Dennison, Colgate-Palmolive, JCB, Larsen & Toubro, Mars, eClerx, Hexaware, VOIS, Wipro, Axtria, LogiNext,, Mu Sigma, Polestar,  Collegedunia, Flipkart, Johnson & Johnson, Next Education, Paytm, Phable among others

SJMSOM MBA Class 2021: Batch Profile
SJMSOM, IIT Bombay continues to be the choice for top graduates in the country, and the batch profile of 2019-21 reinstates the same. Graduates from IlTs, NITs, BITS Pilani and other reputed institutes are pursuing MBA from SJMSOM.

The class of 2021 is a blend of fresh graduates, professionals and budding entrepreneurs, with an average work experience of 27 months from some of the top organizations such as Barclays, Larsen & Toubro, maruti Suzuki, Mu Sigma, Ola Cabs, PwC, RBS, Royal Dutch Shell, Tata Motors, ZS Associates, among others in various profiles like Analytics, Consulting, IT, Operations, and Sales & Marketing.

The students have been consistent performers in extra-curricular activities and have proved their mettle in national level competitions in sports, music, dramatics, literature, and photography. A great many students have completed certifications like Chartered Financial Analyst (CFA), FLIP, and Six Sigma.

Gender Diversity
SJMSOM IIT Bombay MBA batch 2019-21 comprises 19% female students and 81% male students.

 Work Experience
Average work experience of the batch is 27 months and ranges from less than one year to more than 36 months. The percentage of students with varied duration of work experience is shared below:

Sector-wise experience
SJMSOM MBA batch 2019-21 has highest 42% students who have work experience in IT/ITES sector while 5% students have work experience in BFSI sector

Highlights of Sectoral Placements
E-Commerce was the top recruiting sector with 22% placement offers followed by BFSI, Consulting and IT sector. Key highlights and top recruiters in respective sector are as below:

E-Commerce: 22% Offers
Prominent players in the E-commerce, Healthcare and Education sectors like Cochlear, Collegedunia, Flipkart, Johnson & Johnson, Next Education, Paytm and Phable showed immense faith in our students by offering coveted roles across divisions like Operations & Supply Chain, Product Management, Program Management and Sales & Marketing.

BFSI: 21% Offers
The BFSI sector saw esteemed recruiters offering niche roles in coveted functions like Investment Banking, Retail & Corporate Banking, Risk, and Transaction Banking. The sector saw legacy recruiters like Fidelity Investments, ICICI Bank, Indus Valley Partners, JP Morgan & Chase and Yes Bank reinforcing their faith in the institute, while a plethora of new recruiters like CredAble, Shangrila CS, TresVista and Verisk began their association with the institute.

Consulting: 21% Offers
The Consulting sector witnessed a mix of legacy and new recruiters offering sought after profiles to the students. Esteemed recruiters such as Bristlecone, GEP, Infosys Consulting, PwC US Advisory, Synergy Consulting and ZS Associates extended an eclectic mix of roles in Financial Advisory, Management Consulting, Operations Consulting and Technology Consulting.

IT Sector: 21% Offers
In the IT sector, the recruiters made a colossal impact by offering coveted roles such as Business Intelligence, Information Management, Pre-Sales, Project Management and Product Management. While Accenture, eClerx, Hexaware,VOIS and Wipro strengthened their association with SJMSOM, a bevy of recruiters like Axtria, LogiNext,, Mu Sigma and Polestar began their association with SJMSOM.

FMCG & Manufacturing: 15% Offers
The FMCG & Manufacturing sector saw prominent recruiters like Asian Paints, Avery Dennison, Colgate-Palmolive, JCB, Larsen & Toubro, Marico, Mars and Procter & Gamble reinstate the faith in the institute by extending offers in the diverse domains of IT, Operations & Supply Chain, and Sales & Marketing.

On the occasion, Prof Ashish Pandey, Faculty Placement Coordinator at SJMSOM said, “SJMSOM has successfully concluded the final placements of the 2019-21 batch, thereby reaffirming itself as a premier B-School in India. The average CTC increased by 5% to Rs. 21.96 lass despite the unprecedented times brought on by the COVID-19 pandemic. A swathe of lucrative opportunities in diverse roles has strengthened the industry's preference for the skills that students of SJMSOM have to offer. BFSI, Consulting, IT, FMCG, E-commerce and Healthcare companies have provided nearly equal opportunities, proving the diversity of expertise among the 2019-21 batch.”

SJMSOM conducted its final placement process for the 2019-21 batch, with 100% students securing roles in diverse domains and industries at reputed companies.  Among the 40 recruiters are not only legacy recruiters such as Accenture, Cochlear, Colgate-Palmolive, JPMC, Procter & Gamble, PwC US Advisory offering coveted roles in Investment Banking, Management Consulting, Operations, Product Management, Sales & Marketing, Supply Chain Management, there were 16 first time recruiters such as Infosys Consulting, JCB, Mars, Paytm, and ZS Associates offering niche roles in Financial Advisory, Management Consulting, and Marketing, among others.

SJMSOM is highly ranked B-school of IIT Bombay. It has been ranked 11 by NIRF, MHRD 2020 Rankings. Shailesh J. Mehta School of Management is an academic unit of IITB and has its distinct place as a national and global business management school. Apart from MBA, SJMSOM offers post-graduate Master of Management (MOM) and Ph. D. programmes and has recently launched an Executive MBA, jointly with the Washington University at St. Louise, USA. SJMSOM provides a well- designed curriculum and training to the students preparing them to meet the contemporary challenges in their professional life ahead.

Students at SJMSOM get opportunity to interact with faculty associated in all domains such as IT, Bio-informatics, Industrial Design, Rural Development, Climate and Sustainable Growth and Transportation Planning to appreciate technology and apply in management.

Society for Innovation and Entrepreneurship (SINE) and Entrepreneurship Cell (eCell) provide opportunity to all stakeholders of IITB to learn from the experiences of budding ventures.  SJMSOM is one of the five select founding member institutes of the National Entrepreneurship Network (NEN).

The School has a continuous process of interaction with industry leaders through Seminars, Lectures and other students’ festivals/events/ continuum / activities (clubs) related to all functions of Management. SJMSOM alumni serve at the different leadership positions in the various private, public, multinational, government and non-profit organizations.

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