SJMSOM-IIT Bombay MBA Placement 2022: Completes 100% Placement with 18% Rise in Average Salary; Goes Up at Rs.25.93 LPA; Accenture, JPMC, KPMG, PwC, Nomura hire big

MBAUniverse.com News Desk |
February 19, 2022
SJMSOM – IIT Bombay has completed MBA Placement 2022 achieving yet again 100% placements with 18.1% rise in average salary despite the Covid pandemic. While the average salary has increased to Rs.25.93 LPA from Rs.21.96 LPA last year, the highest salary in placement 2022 has gone up at Rs.49LPA from Rs.32 LPA last year. Accenture, JPMC, KPMG, Deloitte, PwC, Amazon among others were the prominent recruiters
IIT Bombay MBA Final Placement 2022

Shailesh J.Mehta School of Management (SJMSOM) – IIT Bombay has completed Final Placement 2022 for its MBA 2020-20 batch with 18.10% increase in average salary despite the prevailing Covid-19 pandemic situation. While Average salary SJMSOM Placement 2022 has gone up at Rs.25.93 LPA from Rs.21.96 LPA last year, the highest salary has registered even sharper 53% rise and has gone up at Rs.49 LPA in 2022 from Rs.32 LPA last year. SJMSOM IIT Bombay has again achieved 100% placements for its MBA 2020-22 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. SJMSoM IIT Bombay was recently ranked #10 in the Govt of India, MHRD NIRF Ranking 2021 among top 100 management institutes in India.

SJMSOM final placement 2022 season witnessed marquee 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, KPMG, Amazon, JPMC, PwC, Deloitte among others who offered the students prestigious roles. 

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Sharing the SJMSOM IIT Bombay placement 2022 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 2022: Key Highlights

  • Achieves 100% Placement for MBA 2020-22 batch
  • Average Salary increased by 18.10% to Rs.25.93 LPA from Rs.21.96 LPA last year
  • Highest salary goes up by 53% to Rs.49 LPA from Rs.32 LPA last year
  • Median Salary increased to Rs. 25.80 LPA from Rs.22 LPA last year
  • Batch size: 110 Students eligible for Placement 2022
  • 65 PPOs offered. Registered a rise of 44.4%
  • Average Salary for top 50%: Rs.31.14 LPA
  • Average salary for female students: Rs.29.80 LPA
  • Average age of the batch: 24 years
  • Average work experience of the batch: 23 months
  • Top Recruiting Sector: Consulting with 28% Placements
  • Top Recruiting Domain: IT/ITES with 40% Placements
  • Top Recruiters:  Accenture, KPMG, Amazon, JPMC, PwC, Deloitte, Yes Bank, GEP, Infosys, Noura, Wipro, Godrej, P&G among others​

SJMSoM IIT Bombay Placements 2022: Key Trends
SJMSoM IIT Bombay has a consistent record of 100% placements over the years. Last three years placement trends are as below:

IIT Bombay MBA Placement Year
Average Salary (Rs. In lakhs)
Highest Salary (Rs.in lakhs)
Placement 2022
25.93
49.00
Placement 2021
21.96
32.00
Placement 2020
20.80
32.40

Top Recruiters at SJMSOM
SJMSOM witnessed marquee recruiters across the sectors in Placement 2022. Companies from IT, E-commerce, BFSI, Consulting, FMCG and other prominent sectors participated in SJMSOM IIT Bombay MBA placements 2022. Prominent recruiters in SJMSOM Placement 2022 include Accenture, Cochlear, JPMC, KPMG, Deloitte, Nomura, P&G, PWC, Marico, Amazon, Flipkart, ICICI Bank, Infosys, Yes Bank, GEP, Infosys Consulting,  Asian Paints, Avery Dennison, Colgate-Palmolive, JCB, Larsen & Toubro, Mars, Hexaware, Godrej, Wipro among others

SJMSOM MBA Class 2022: Batch Profile
SJMSOM, IIT Bombay continues to be the choice for top graduates in the country, and the batch profile of 2020-22 reinstates the same. Graduates from IlTs, NITs, BITS Pilani and other reputed institutes are pursuing MBA from SJMSOM.

The class of 2022 is a blend of fresh graduates, professionals and budding entrepreneurs, with an average work experience of 23 months from some of the top organizations 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.

Work Experience
Average work experience of the batch is 23 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:

SJMSOM

Highlights of Sectoral Placements
Consulting was the top recruiting sector with 28% placement offers followed by FMCG/ Manufacturing with 26% placements. Key highlights and top recruiters in respective sector are as below:

Consulting: 28% Offers
The Consulting sector witnessed 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.

FMCG & Manufacturing: 26% 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.

E-Commerce/IT: 23% 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: 12% 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.

Healthcare & Others: 11% Offers
SJMSoM IIT Bombay Placement 2022 season saw the participation from top organizations such as Cochlear, Johnson & Johnson, 0Y0 Rooms, Phablecare, Sony Pictures, Sun Pharma, and others offering profiles in IT, Category Management, Operations Management, Sales & Marketing, Supply Chain Management, and others.

On the occasion, Prof Ashish Pandey, Faculty Placement Coordinator at SJMSOM said, “I am delighted to announce that SJMSOM, IIT Bombay has successfully concluded the final placement of the 2020-22 batch, thereby reaffirming its standing among the top B-school in India. The highest CTC stood at 49 Lac, whereas the average CTC increased by 18.10% to 25.93 Lac. The average CTC of the top 75% stood at a staggering 28.41 Lac. BFSI, Consulting, E-commerce, FMCG/ FMCD, Healthcare, IT, and other companies have provided nearly equal opportunities, proving the diversity of expertise among the 2020-22 batch.”

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.

Stay tuned to MBAUniverse.com for more updates on SJMSOM-IIT Bombay

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