A rise in the average domestic stipend from Rs 97,000 last year to Rs 1,17,000 this year and offers of diverse and coveted profiles amid a difficult economy in the recently concluded summer placements at the Jamnalal Bajaj Institute of Management Studies (JBIMS) has set the tone for final placements next year. The highest stipend of Rs 3.35 lakh offered to the 2014-16 batch has also gone up from Rs 2 lakh last year. In all, 117 students were part of the summer placements.
The number of participating companies, however, went down from 71 in 2013 (as against a registration of 75 firms) to 65 (71 had registered) this year.
“The summer placement season at JBIMS concluded on a high note by achieving 100 per cent placements in accordance to the standards set in the previous years. Established recruiters were happy with the talent acquired and faced tough competition from a large number of new recruiters. Students also enjoyed the versatility and flexibility of a comprehensive set of profiles. Two of the most coveted global consulting firms, McKinsey & Co and The Boston Consulting Group, were also a part of the process. The consulting profile also included firms like JLL and DTZ. The junior associate profile was offered in this sector, which is one of the most sought after profiles across B-schools,” said a placement committee member.
With 33 per cent of the students placed in the banking and financial sector, it saw a gamut of profiles being offered, including investment banking, equity research, transaction banking, retail banking, and strategic business development. The companies in this sector were Goldman Sachs, JP Morgan Citibank, Standard Chartered Bank, HSBC, ICICI Bank, ING Vysya, Tata Capital, Indiabulls, Met Life, UV Capital, BMR Advisors and HDFC Property Venture.
Students got to pick from diverse roles in sales and marketing in the FMCG sector from majors like Hindustan Unilever Limited, Procter & Gamble, Marico and Colgate-Palmolive. Profiles ranging from market research and data analysis, in addition to the existing sales and marketing profiles, were made in the pharmaceutical industry by Abbott, Merck Pharmaceuticals, BMS, Janssen Pharmaceuticals and DSM. Corporate Finance roles were offered as well by Procter & Gamble and Hindustan Unilever Limited.
A mix of profiles across several domains like real estate, chemical and manufacturing were offered by leading business conglomerates such as Mahindra & Mahindra, Schlumberger, Tata Steel, Raymond, AkzoNobel, Godrej & Boyce, Maersk Shipping, Larsen & Toubro,
Mattel Toys and Coldwell Banker. The roles included strategy, ERP, business process consulting and general management, among others.
Tolaram Group offered sales and marketing roles based out of Nigeria.