JBIMS Mumbai completes 100% Placements 2023: Average Salary up at Rs 28.02 LPA; BFSI & IB companies hire 43% Grads; Accenture, D.E. Shaw, JPMC Top Recruiters

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MBAUniverse.com News Desk |
August 26, 2023
Jamnalal Bajaj Institute of Management Studies (JBIMS) Mumbai final placement 2023 season has concluded with 100% placements and increase in average salary which has gone up at Rs.28.02 LPA from Rs.27.63 LPA last year. BFSI & IB with 43% offers was the largest recruiting sector followed by Consulting with 31% offers. Accenture, D.E. Shaw, Axis Bank, HSBC, PwC emerged as the top recruiters
JBIMS placement 2023

JBIMS Mumbai has completed 100% placements for its 2021-23 batch but has released the placement data a little late. The Placement packages at Jamnalal Bajaj Institute of Management Studies (JBIMS) Mumbai are higher from previous year and keeping the legacy of achieving 100% placement with higher average salary, JBIMS has again surpassed its own past record.

JBIMS Mumbai concluded final placement 2023 with an increased average salary which has gone up at Rs.28.02 LPA from Rs.27.63 LPA last year. BFSI & IB sector has recorded highest share with 43% students placed in this sector. Accenture, D.E. Shaw, Axis Bank, JPMC, HSBC, PwC emerged as the top recruiters in JBIMS Placements 2023.

On successful completion of placements, Dr Srinivasan R. Iyengar, Director, JBIMS Mumbai said, “JBIMS has maintained its stronghold among premier B-Schools across the country. We continue to lead management education with a high emphasis on quality and excellence for the overall development of our students. Our focus has always been on interdisciplinary and integrated perspective teaching pedagogy, simulating the complexity of real-life business situations. By ensuring great opportunities for our students, we have successfully addressed the challenges in the industry” and added further, “We have also touched new heights by expecting few international placements and maintained an excellent placement record.” . 

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JBIMS Placement 2023: Key Highlights

  • Achieves 100% Placements
  • Average Salary Up at Rs.28.02 LPA from Rs.27.63 LPA last year
  • Median Salary Up at Rs.27.60 LPA from Rs.26.49 LPA last year
  • Highest Salary stood at Rs.35.75 LPA in Placement 2023
  • Average salary of Top 10% increased at Rs.33.30 LPA
  • PPOs/PPIs Offered: 132
  • Total Recruiters: 55
  • New Recruiters: 15
  • Top Recruiters include Accenture, D.E. Shaw, PwC, JPMC, HSBC, Axis Bank among others
  • BFSI & IB sector emerged as the top recruiting sector with 43% students placed

JBIMS Placement 2023 Trends & Analysis: Average Salary rising
All the students who participated in JBIMS placement 2023 got well placed at an average salary of Rs.28.02 LPA. 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. During the last 6 years of JBIMS Placements, average salary at this preferred MBA college has been rising in each placement season:

Placement year
Average salary (Rs. in lakhs per annum)
Placement 2023
Placement 2022
Placement 2021
Placement 2020
Placement 2019
Placement 2018

Trends in Highest Salary
The highest salary package in placement 2023 has registered a dip from last year but is much higher than placement 2020 as below

Placement year
Highest salary (Rs. in lakhs per annum)
Placement 2023
Placement 2022
Placement 2021
Placement 2020
Placement 2019
Placement 2018

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 salary in placements over the years has consistently increased.

Top Recruiters
Top Recruiters at JBIMS Placement 2023 include following marquee companies which have made placement offers - Accenture Strategy, Adani Group, Asian Paints, Bajaj Finserv, Citibank, Colgate-Palmolive, Deloitte, EY, HSBC, JM Financial, KPMG, L'Oréal, McKinsey & Co., PwC & Reliance participated in the placement season, reaffirming their faith in the institute. JBIMS also hosted several first-time recruiters on campus, including Cimpress, Edelweiss Alternatives, Haleon, L'Oréal, Pine Labs and TransUnion CIBIL.


132 PPOs/PPIs Offered
The M.M.S. Batch of 2021- 2023 also received 132 Pre-Placement Offers (PPOs) from Accenture Strategy, Asian Paints, Axis Bank, Bajaj Finserv, Cisco, Everest Industries, FTI Consulting, HCCB, HDFC Bank, Hexaware, HSBC, ICICI Bank, JSW, Kotak Life Insurance, Kotak Mahindra Bank, NPCI, P&G, PwC, Reliance

Sector Wise Placement 2023 at JBIMS
Placements 2023 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 2023 pronounced the foray of renowned organizations from the BFSI & IB, Consulting, 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 2023 is completely braced to carry the legacy of JBIMS forward. While BFSI & IB has emerged as the largest recruiting sector, Consulting was other most important recruiting sector. Check details below

BFSI & IB: 43% Share in Placement
Banking Finance Services and Insurance (BFSI) and International Business (IB) emerged as the largest recruiting sector by making 43% offers. The BFSI sector witnessed prestigious companies offering coveted roles to students. Firms such as Avendus, Axis Bank, Bank of America, D. E. Shaw, HDFC Bank, HSBC, JPMC, Kotak IB, NPCI, offered roles like Advisory, Capital Markets, Investment Banking, Product Management, Treasury, Wholesale Banking. Companies like Axis Bank, Bajaj Finserv, Citibank, DBS, HDFC Bank, HSBC, JM Financial, Kotak Investment Advisors Ltd., NPCI offered roles like Credit Analyst, Derivatives Trader, Institutional Equity Research, Investment Banking, Product Management,

Consulting: 31% Share in Placement
The Consulting sector witnessed prestigious companies offering coveted roles to students. Firms such as Accenture Strategy, Deloitte, EY, Infosys Consulting, KPMG, McKinsey & Co., PwC participated in the process. They offered several roles such as Analyst, Junior Associate, Management Consultant & Tech Consultant.

FMCG & Pharma: 13% Share in Placement
This sector saw leading firms like Asian Paints, Colgate-Palmolive, Haleon, HCCB, L'Oréal, P&G, etc. offering coveted roles such as Corporate Finance, General Management and Sales & Marketing

Other prominent recruiting sectors in JBIMS Placements 2023 included IT & Ecommenrce, Manufacturing, Conglomerates among others

JBIMS Mumbai is one of the most preferred campuses for recruiters and the incredibly successful placement season for the Batch of 2023 only goes on to serve as a testimony of the faith that the industry places on the quality of students of JBIMS.

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 58 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. Their 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 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. 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