Taking our series of articles on Placement Reports ahead, we today bring to you the report on JBIMS Mumbai Summer Placement 2016. JBIMS Mumbai has achieved 100% Summer Placements in record 4 days. Let us have a look at the detailed JBIMS Mumbai Summer Placement Report 2016.
JBIMS Mumbai Summer Placement 2016
The 52nd batch of MMS, the flagship course of Jamnalal Bajaj Institute of Management Studies, carried forward the legacy of the Institute and concluded yet another excellent Summer Placement Season in record time of 4 days. The Institute once again provided a great platform to foster a symbiotic relationship between the students and the corporates. The talent pool that JBIMS offered attracted both traditional and new recruiters who hired in large numbers across various sectors.
- Highest Stipend: INR 3.5 lac for 2 months
- Average Stipend: INR 1.52 lac for 2 months
The highest stipend offered at the Institute was INR 3.50 lakh for two months. The average stipend reached a new high of INR 1.52 lakh – registering a growth of 11% over the last year. The top 10% of the batch took home a whopping INR 2.90 lakh whereas the top 50% was offered INR 1.8 lakh on an average. Out of the 68 companies that had registered for the process, 64 companies participated in the recruitment drive. These figures are a testimony to the faith that recruiters have in the brand JBIMS.
Premier consulting firms like McKinsey & Co. and Accenture Strategy continued to trust the talent dynamos in the Institute for recruitment. BFSI and IB continued to be the dominant sector with one-third of the batch bagging lucrative roles in verticals such as Investment Banking, Corporate Banking, Commercial Banking, Equity Research, Securities, Transaction Banking and Retail Banking. The ace recruiters included Goldman Sachs, Standard Chartered, Bank of America Merrill Lynch, Citibank, HSBC, DBS Bank, JPMorgan Chase & Co., ICICI Bank, IDFC Bank, Axis Securities, Aviva, MetLife, HDFC PV, SBI Card and RBL Bank to name a few.
FMCG giants such as HUL, P&G, Johnson & Johnson, Marico, Danone etc. continued to offer attractive roles in Sales & Marketing, Corporate Finance and Product Management. A sharp rise in the number of conglomerates and manufacturing companies visiting the campus led to a two-fold increase in the number of offers being extended to the students. Companies such as JSW, Vodafone, TATA Motors, Sun Pharmaceuticals, Medtronic, Abbott, Schlumberger, Tata Consultancy Services, Arvind Brands, Piramal Enterprises, L&T, Red Bull, Amway and Capgemini offered diverse roles in Strategy, General Management, Supply Chain, Logistics, Retail Research, Procurement Management and Technology.
Dr. Chandrahauns Chavan, Director at JBIMS, says, “The enthusiasm with which the companies participated in the summer placement process was evident through the fact that the entire placement process was completed in record time. Year on year the faith showed by the companies in our students has been the cornerstone of triumphant placements which was vividly evident this year.”
Hrishikesh Gilda, Placement Committee Member says, “The continued support of our legacy recruiters coupled with a large number of first time recruiters has been a major contributor to the 100% placements of the Batch of 2018. The exuberant and diversified talent pool maintained the legacy of wrapping up the placements in record time despite an increased batch size this year. The highly successful summer placement process has laid the foundation for the final placements.”
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