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With an increase in average stipend from Rs 91,000 last year to Rs 97,000 this year,and offers of diverse and coveted profiles amid a difficult economy,the recently concluded summer placements at the Jamnalal Bajaj Institute of Management Studies (JBIMS) have set the tone for final placements next year.
The highest stipend stood at Rs 2 lakh,the same as last year. The number of participating companies,however,went down from 83 (as against a registration of 103) in 2012 to 71 (as against a registration of 75) this year. Engineers with experience in IT consultancy,banking services,power sector,construction,shipping industry and social media form the core of the batch.
We achieved 100 per cent placements in a matter of days despite a gloomy economic scenario. This is a good indication for final placements next year. Also,we have received 30 pre-placement offers (PPOs) and pre-placement interviews (PPIs) so far. Last year,the total number of PPIs/PPOs received was 55. Since a large number of such offers and interviews come during November-December,we expect to exceed last years figure, said Aviral Agarwal,placement committee member at JBIMS.
For yet another year,financial services and insurance (BFSI) and investment banking (IB) sectors emerged as the front-runners,with 32 per cent of the batch opting for them. These were closely followed by the FMCG and pharma sectors,in which 23 per cent of the batch got placed.
Profiles ranging from equity research and investment banking to transaction and retail banking were offered by companies like Standard Chartered Bank,HSBC,Nomura,CRISIL,J P Morgan Chase,ICICI Bank,Development Credit Bank,HDFC Property Ventures,ICICI Prudential AMC,Citibank and Tata Capital.
Besides the traditional sales and marketing roles in FMCG and pharma,students got to pick from fresh profiles like operations and corporate finance,from Procter & Gamble,HCCB,Hindustan Unilever Ltd,ITC,Colgate-Palmolive,Dabur,Marico,Kelloggs and General Mills,among others.
Companies this year have hired in larger numbers. The focus was to make more diverse opportunities available to the students,who looked at the kind of profiles and learning experience being offered before opting for a certain company, said Agarwal.
Consulting and IT remained popular among the students and had Wipro,Tata Consultancy Services,Capgemini,Jones Lang LaSalle and Fidelity Management Research offering niche profiles like real estate consulting and HR consulting,besides the regular ones. The percentage of students opting for the sector was,however,down from 18 last year to 10 this year.
A mix of profiles across several domains like logistics,general management and supply chain management was offered to the 2013-15 batch by leading conglomerates like Larsen & Toubro,Godrej,Boyce,Raymond and Mahindra & Mahindra.
The real estate,chemical and manufacturing sectors saw the participation of industry majors such as Cummins,Schlumberger,Jaipur Rugs and AkzoNobel. These companies hired in good numbers from the campus, he added.
mumbai.newsline@expressindia.com
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