JBIMS Mumbai Final Placement 2020: Records 13.5% Rise in Average Salary; 60 PPO/PPI offered

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MBAUniverse.com News Desk |
August 20, 2020
Achieving yet again 100% Placement, Jamnalal Bajaj Institute of Management Studies (JBIMS) Mumbai final placement 2020 season has concluded with 13.5% rise in Average salary offered to its students by the 65 recruiters. The Average salary at JBIMS has gone up to Rs.22.84 LPA in Placement 2020 from Rs.20.13 LPA last year. Number of PPOs/PPIs offered stood to 60 in the 2018-20 batch of 125 students in Placement 2020 at JBIMS
JBIMS placement 2020

Keeping the legacy of achieving 100% placement with higher average salary package, Jamnalal Bajaj Institute of Management Studies (JBIMS) Mumbai final placement 2020 for its MMS 2018-20 batch has concluded with a 13.5% rise in average salary, large number of PPOs and 65 marquee companies participating in the placement season despite the Covid-19 pandemic disruptions. BFSI has recorded highest share with 38% students placed in this sector.

JBIMS Placement 2020: Key Highlights

  • Average Salary up at Rs.22.84 LPA in 2020 from Rs.20.13 LPA last year
  • Highest Salary up at Rs.34.36 LPA in 2020 from Rs.32.30 LPA last year
  • 60 PPOs/PPIs offered in 2018-20 batch size of 125 students
  • 65 Recruiters participated in placement 2020
  • 38% of the Batch Placed in BFSI sector
  • Median Salary increased to Rs.22 LPA in 2020 from Rs.20 LPA last year
  • Top Recruiters include Accenture, Capgemini, Deloitte, IBM, Infosys, McKinsey, PwC,  Axis Bank, Bajaj Finserv, Citibank, HSBC, HDFC Bank, ICICI Bank, IDFC Bank, J.P. Morgan, Kotak Mahindra Bank, RBL, Yes Bank, Amazon,  TCS, Wipro, Abbott, ACG, Colgate Palmolive, HUL

Placements 2020 at JBIMS were in cognizance with the industry standards and student expectations. Students got the offers to join the desired sectors and functions. A mark of the high recruiter-student fit proportion was ensured with the participation of a plethora of companies. The Placement 2020 pronounced the foray of renowned organizations from the Consulting, BFSI and FMCG sectors who took their pick, as well as persistent symbiotic engagements with the legacy recruiters. Outfitted with their aptitudes and the ardor for the corporate world, the batch of 2020 is completely braced to carry the legacy of JBIMS forward

Placement 2020 Trends & Analysis: Average Salary rising
All the students who participated in JBIMS placement 2020 got well placed at an average salary of Rs.22.84 LPA as against Rs.20.13 LPA last year.  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.

Average salary in Placement 2020 for top 10% students has shot up to Rs.33.83 LPA as against Rs.28.96 LPA last year. The average salary for top 30% has increased to Rs.29.01 LPA as against Rs.26.4 LPA last year.

During the last 6 years of JBIMS Placements, average salary at this preferred MBA college has gone on rising each year:

Placement year
Average salary (Rs. in lakhs per annum)
Placement 2020
22.84
Placement 2019
20.13
Placement 2018
18.91
Placement 2017
18.76
Placement 2016
18.13
Placement 2015
17.42
Placement 2014
16.18

Highest Salary Up from Last Year
The highest salary package in placement 2020 has gone up as well. This year the highest salary has gone up at Rs.34.36 LPA from Rs.32.30 LPA last year. The highest salary offered at JBIMS has seen fluctuating trends over last 7 years:

Placement year
Highest salary (Rs. in lakhs per annum)
Placement 2020
34.36
Placement 2019
32.30
Placement 2018
30
Placement 2017
34.30
Placement 2016
26
Placement 2015
35
Placement 2014
26

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 fluctuating trend in highest pay packages over the years but the average and median salary packages in placements over the years  have increased. 

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60 PPOs
JBIMS has again maintained its legacy of 100% placement with more offers and variety of profiles. Popularly known as CEO factory and finance campus, JBIMS Placement 2020 saw substantial number of PPOs offered to the students. Half of the batch has been offered PPOs/PPIs. Out of 125 students, there were 60 PPOs offered by the recruiters.

Noteworthy companies like HSBC, HUL, ICICI Bank, IDFC Bank, J P Morgan Chase, McKinsey & Company, RIL, TATA, offered PPOs/PPIs to the JBIMS students.

Top Recruiters
Top Recruiters at JBIMS Placement 2020 include Accenture Strategy, Capgemini, Deloitte, IBM, Infosys Consulting, McKinsey & Company, PwC, ABANS Group, Anand Rathi, Axis Bank, Bajaj Finserv, Citibank, HSBC, HDFC Bank, ICICI Bank, IDFC Bank, IIFL, India Ratings, J.P. Morgan, Kotak Mahindra Bank, RBL, Yes Bank, Amazon, Byju’s, eShakti, Grofers, LTI, Mahindra Comviva, Progressive Infotech, TCS, Wipro, Abbott, ACG Worldwide, Colgate Palmolive, Himalaya Wellness, Hindustan Unilever Limited, Medtronic, Nestle, P&G, Syngene, Alok Industries, ArcelorMittal & Nippon Steel, Castrol, EPIC Group, Gujarat State Petronet, JSW, Larsen & Toubro, Reliance Industries Limited, Tata Steel, Varroc, Vedanta, Welspun, Airtel, Arvind Internet, Maruti Suzuki, Michael Page, Panasonic, Usha International, Vistara, Whirlpool, Xiaomi among others.   

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Sector Wise Placement 2020 at JBIMS

BFSI & IB: 38% Share in Placement - Emerges TopRecruiting Sector
Banking Finance Services and Insurance (BFSI) sector topped the list by making 38% offers.  In line with the trend of past placement seasons, the BFSI sector continued to recruit students from JBIMS and stood as the largest recruiter.

Offers were made by the companies such as ABANS Group, Anand Rathi, Axis Bank, Bajaj Finserv, Citibank, HSBC, HDFC Bank, ICICI Bank, IDFC Bank, IIFL, India Ratings, J.P. Morgan, Kotak Mahindra Bank, RBL, Yes Bank among others

Consulting: 21% Share in Placement
JBIMS has established itself as one of the go-to campuses for legacy recruiters in the consulting sector.  Prestigious consulting firms like Accenture Strategy, Capgemini, Deloitte, IBM, Infosys Consulting, McKinsey & Company, PwC  participating in the process.

Technology & E-Commerce: 19% Share in Placement
Technology companies from this sector also fostered their relationship with the institute, hiring 19% students across top profiles like Product Management, Pre-sales Consulting, Business Analyst among others.

There was a surge in number of offers in the Technology and E-commerce sector. Firms such as Amazon, Byju’s, eShakti, Grofers, LTI, Mahindra Comviva, Progressive Infotech, TCS, Wipro  offered roles in General Management, Marketing & Sales and Operations.

FMCG, Pharmaceuticals & Healthcare: 9% Share in Placement
FMCG & Pharmaceutical firms like Abbott, ACG Worldwide, Colgate Palmolive, Himalaya Wellness, Hindustan Unilever Limited, Medtronic, Nestle, P&G, Syngene  offered roles in Corporate Finance, General Management and Sales & Marketing

Manufacturing and Conglomerates: 7% Share in Placement
Firms like Alok Industries, ArcelorMittal & Nippon Steel, Castrol, EPIC Group, Gujarat State Petronet, JSW, Larsen & Toubro, Reliance Industries Limited, Tata Steel, Varroc, Vedanta, Welspun  offered diverse profiles like Finance, General Management and Sales & Marketing.

Others: 6% Share in Placement
Recruiters from other sectors were well represented by Airtel, Arvind Internet, Maruti Suzuki, Michael Page, Panasonic, Usha International, Vistara, Whirlpool, Xiaomi  among others.

Expressing the satisfaction on yet another successful placement season, Dr Kavita Laghate Director, JBIMS said, “We take great pride in the academic acumen of our students and it is validated by the stupendous response they receive from the industry. The students have exceeded expectations year after year, and this trend has continued in the present year with a stellar performance beating the slowdown in the economy. Our recurring and new recruiters have helped us achieve this result and it stands as a symbol of the strong ties the institution has with the various stakeholders in the industry. We have constantly updated our academic curriculum to enable our diverse talent pool to meet the requirements of the industry. We strive to sustain the faith that eminent firms have bestowed upon us and continue this legacy of excellence into the future.”

JBIMS Mumbai is one of the most preferred campuses for recruiters and the incredibly successful placement season for the Batch of 2020 only goes on to serve as a testimony of the faith that the industry places on the quality of students of JBIMS.

JBIMS Admission 2020: Open till September 2020
JBIMS, Mumbai has attained the status of autonomous B-school of University of Mumbai with effect from academic session 2015-16. The admission to the flagship MMS programme 2020 is through CAP 2020 to be conducted by DTE Maharashtra. If you have not applied and appeared for MAH CET 2020, there is no worry. Your CAT 2019 and CMAT 2020 score will be considered for admission to JBIMS and 300+ other MBA/MMS colleges in Maharashtra. The registration for Centralized Admission Process (CAP) 2020 for admission to JBIMS and other MBA colleges in Maharashtra is expected to open in the last week of August or first week of September 2020. The candidates who have scored high and wish to be considered for JBIMS admission process to its flagship MMS 2020-21 programme can apply then.

Founded in 1965, Jamnalal Bajaj Institute of Management Studies (JBIMS) is known for being an Institute of astute excellence and rigour. Ranked amongst the top B-Schools in the country, the institute has been the making-ground of numerous industry leaders.

JBIMS is a now 55 years’ old. It 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 JBIMS students agree that JBIMS is known for its esteemed alumni base that have 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. 

Academic session 2020-21 at JBIMS is to commence in online mode. 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.  

Stay tuned to MBAUniverse.com for more updates on JBIMS Mumbai