JBIMS wraps up placements, average salary goes up marginally
Management students across city institutes have been able to beat the economic slowdown. After final placements at the S P Jain Institute of Management and Research (SPJIMR) showed a seven per cent rise in the average salary, an assessment of the average package offered to students of Jamnalal Bajaj Institute of Management Studies (JBIMS) also […]
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This year, while 95 companies had registered, 89 visited the campus.
Management students across city institutes have been able to beat the economic slowdown. After final placements at the S P Jain Institute of Management and Research (SPJIMR) showed a seven per cent rise in the average salary, an assessment of the average package offered to students of Jamnalal Bajaj Institute of Management Studies (JBIMS) also shows a steady rise-from Rs 14.9 lakh in 2012 and Rs 15.32 lakh in 2013 to Rs 16.18 lakh this year. The final placement of 119 management students of JBIMS shows that while the median package went up slightly from Rs 14 lakh in 2013 to Rs 14.5 lakh this year, the highest package remains the same at Rs 26 lakh.
This year, while 95 companies had registered, 89 visited the campus. A majority of the batch (73 per cent) had an engineering background, 10 per cent were from commerce and five per cent from management stream.
“Cutting across sectors, 58 per cent of the batch got pre-placement offers and pre-placement interviews this year. The new companies that hired this year included The Boston Consulting Group, HDFC Bank, ING Vysya Bank, JM Financial, Axis Securities, ICICI Securities, Barclays, Ernst & Young, Whirlpool, Samsung, Siemens and Nomura. Leading FMCGs and banks from the industry made good international offers. Despite the uncertain financial scenario, it was a good placement season. The focus on getting new firms and niche sectors worked well for the students,” said Omkar Parab, placement committee member.
The financial services sector saw 43 per cent opting for diverse roles, including investment banking, corporate banking, commercial banking, retail and consumer banking, corporate strategy profile, debt capital markets, structured finance, treasury and risk management, credit research, credit analysis, institutional finance and global markets. Companies that recruited in these sectors include JP Morgan, Barclays, ICICI Bank, Citibank, Standard Chartered Bank, HSBC, HDFC Bank, Yes Bank, ING Vysya, Tata Capital, Nomura, Kotak Mahindra Bank, Axis Securities and ICICI Securities.
The next big sector, which made 26 per cent of the offers, was the fast moving consumer goods (FMCG) and pharma sector that saw companies like Hindustan Unilever, Nivea, Emami, Janssen Pharmaceuticals, GSK Pharmaceuticals, Procter & Gamble, ITC, PepsiCo, Cipla, Eli Lilly, Abbott, Medtronic, Glenmark and Ranbaxy. They recruited students across functions and profiles like market research, consumer knowledge, branding in emerging markets, brand management, marketing, sales and corporate finance, among others.
Profiles like IT, strategy and consulting, and global sales were made by firms like Microsoft, Google, TCS, HCL, Wipro, Infosys, Zycus, Newgen, Larsen & Toubro Infotech, Ashtech, FIS and KPIT Cummins, and 14 per cent of the batch opted for it.
The consulting sector with top recruiters like McKinsey & Company, The Boston Consulting Group, Ernst & Young, Cognizant Business Consulting, Jones Lang LaSalle, Renoir Consulting and Si-Creva Consulting made 10 per cent of the offers.
“Manufacturing companies and conglomerates such as Samsung, Siemens, Whirlpool, Larsen & Toubro, Tata Steel, Jindal Steel and Power, and Bajaj Electricals offered general management, strategy and corporate finance to seven per cent of the batch,” said Parab.
mihika.basu@expressindia.com
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