JBIMS Mumbai completes 100% Placements 2022: Avg Salary up by 19% to Rs 27.63 LPA; Consulting companies hire 40% Grads; Accenture, Colgate, D.E. Shaw, PwC Top Recruiters

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MBAUniverse.com News Desk |
January 29, 2022
Jamnalal Bajaj Institute of Management Studies (JBIMS) Mumbai final placement 2022 season has concluded with 100% placements and rise of 19% in average salary which has gone up at Rs.27.63 LPA from Rs.23.16 LPA last year. Consulting with 39% offers was the largest recruiting sector followed by BFSI & IB with 36% offers. Accenture, Udaan, Colgate, D.E. Shaw, PwC emerged as the top recruiters
JBIMS placement 2022

JBIMS Mumbai has completed 100% placements as early as in January 2022 for its 2020-22 batch. 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 2022 for its MMS 2020-22 batch with a 19% rise in average salary which has gone up at Rs.27.63 LPA from Rs.23.16 LPA last year. Consulting sector has recorded highest share with 39% students placed in this sector. Accenture, Udaan, Colgate, D.E. Shaw, PwC emerged as the top recruiters in JBIMS Placements 2022.

On successful completion of placements, Dr Srinivasan R. Iyengar, Director, JBIMS Mumbai said, “JBIMS has seen new associations across diverse roles which have helped us achieve record numbers in record time. This season has seen JBIMS outperform all its previous feats and has enabled us to set a new benchmark for future generations, reinforcing its claim of being one of the best B-Schools in India.”

JBIMS Placement 2022: Key Highlights

  • Achieves 100% Placements
  • Average Salary Up by 19%, goes up at Rs.27.63 LPA from Rs.23.16 LPA last year
  • Median Salary Up by 18.9%, goes up at Rs.26.49 LPA from Rs.22.28 LPA last year
  • Highest Salary stood at Rs.42 LPA as against Rs.44 LPA last year
  • Average salary of Top 25% increased by 15.8%, goes up at Rs.31.54 LPA from Rs.22.28 LPA last year
  • Top Recruiters include Accenture, Udaan, Colgate, D.E. Shaw, PwC
  • Consulting emerged as the top recruiting sector with 39% students placed

Sharing the key factors contributing to the sharp rise in JBIMS average salary in placement 2022, Dr Iyengar said, “The key factors contributing the growth are Demand by various sectors, Top Quality Students , Excellent Faculty, Better Academics, Excellent Mentorship to uplift quality of the students, Round the clock efforts taken by placement committee to attract various companies, Guest lectures,  Involvement of students in all India level B school competitions.”

JBIMS Placement 2022 Trends & Analysis: Average Salary rising
All the students who participated in JBIMS placement 2022 got well placed at an average salary of Rs.27.63 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 5 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 2022
27.63
Placement 2021
23.16
Placement 2020
22.84
Placement 2019
20.13
Placement 2018
18.91

Trends in Highest Salary
The highest salary package in placement 2022 has registered a marginal dip from last year but is much higher than all the previous placements. The highest salary offered at JBIMS has seen rising trends over last 5 years:

Placement year
Highest salary (Rs. in lakhs per annum)
Placement 2022
42.00
Placement 2021
44.00
Placement 2020
34.36
Placement 2019
32.30
Placement 2018
30

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 increased. . 

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Top Recruiters
Top 5 Recruiters at JBIMS Placement 2022 include following marquee companies which have substantially increased their salary offers as compared to last year or have offered top salary packages

  1. Accenture Strategy
  2. Udaan
  3. Colgate Palmolive
  4. D.E. Shaw
  5. PwC India

Apart from the above, other prominent recruiters in JBIMS Placements include Aditya Birla Capital, BCG, Capgemini, Deloitte, IBM, Infosys, McKinsey, 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, HUL among others

jbims

Sector Wise Placement 2022 at JBIMS
Placements 2022 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 2022 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 2022 is completely braced to carry the legacy of JBIMS forward. While Consulting has emerged as the largest recruiting sector, BFSI & IB were other most important recruiting sector. Check details below

Consulting: 39% Share in Placement
JBIMS has established itself as one of the go-to campuses for legacy recruiters in the consulting sector.  This year again the consulting sector witnessed sought-after companies like Accenture, BCG, Deloitte, Infosys, PwC, ZS Associates, participating in the placement process and making big offers to JBIMS students.

BFSI & IB: 36% Share in Placement
Banking Finance Services and Insurance (BFSI) and International Business (IB) emerged as second largest recruiting sector by making 36% offers.  In line with the trend of past placement seasons, the BFSI sector continued to recruit students from JBIMS and stood as one of the largest recruiters.

Prestigious companies offering coveted roles to students in this sector, included Citibank, DBS, HDFC Bank, ICICI Bank, IDFC FIRST Bank, IIFL, J.P. Morgan Chase & Co., Kotak Mahindra Bank, NPCI, Standard Chartered, Yes Bank, which offered roles like Advisory, Capital Markets, Investment Banking, Product Management, Wholesale Banking and many others

FMCG, E-Commerce &  Pharma: 12% Share in Placement
This sector saw leading firms like Colgate-Palmolive, Hindustan Unilever Limited, Medtronic, PepsiCo, P&G, Reckitt, Thermo Fisher Scientific offering coveted roles such as Corporate Finance, General Management and Sales & Marketing.

IT: 7% Share in Placement
Technology companies from this sector also fostered their relationship with the institute, hiring 7% 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. Firms such as Amazon, Bristlecone, Cisco, eShakti,  Tata CLiQ, TCS, Tech Mahindra, Wipro, Xiaomi offered several roles in Corporate Development, Financial Planning & Analysis, Product Management, Sales & Marketing and Strategy.

Manufacturing and Conglomerates: 4% Share in Placement
Noteworthy firms like Castrol, JSW, Reliance Industries Limited, Tata Steel, Vedanta offered diverse profiles like Finance, General Management and Sales & Marketing.

Others: 2% Share in Placement
Firms such as Feedback Infra, Media.net, Meghe Group, Porter, Spencer's Retail offered roles in Financial Planning & Analysis, General Management, Product Management, Sales & Marketing and Strategy.

JBIMS Mumbai is one of the most preferred campuses for recruiters and the incredibly successful placement season for the Batch of 2021 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 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. 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