After a marginal dip in 2012,average and highest salaries have gone up this year,reveals the final placement report of Jamnalal Bajaj Institute of Management Studies (JBIMS).
While the average domestic salary went up from Rs 14.9 lakh in 2012 to Rs 15.32 lakh,the highest domestic salary increased from Rs 24 lakh to Rs 26 lakh.
This year,120 students were part of final campus placements. Of the 93 companies that registered,88 visited the campus.
There were 36 new recruiters,including Morgan Stanley,Microsoft,General Mills,Amazon,Lodha Group,Bosch,Cipla,Franklin Templeton,Huhtamaki PPL Pack,Jindal Steel & Power,Magma FinCorp,Motilal Oswal,Panasonic,Petrofac,Ratnakar Bank,Schlumberger,Zycus and Tata Steel. Last year,the number was 22.
Jumbo Electronics,Petrofac,SADIG Group,besides a few FMCGs and banks,offered international placements.
It was a good placement season despite an uncertain economy. We had several new recruiters,who offered better roles as compared to the previous year. Focus on niche sectors and new firms worked well for students, said Abhinav Dayal,a placement committee member.
There were 55 pre-placement offers (PPOs) and pre-placement interviews and the companies included Accenture Management Consulting,Abbott,Castrol,General Electric,GSK Consumer,Citibank,Colgate-Palmolive,Nomura,Procter & Gamble,Hindustan Unilever,JP Morgan,Jones Lang LaSalle,Kotak Mahindra Bank,Mahindra & Mahindra,Reliance Industries and Standard Chartered Bank. The highest PPO was Rs 24.22 lakh.
At Rs 24 lakh,the highest median salary was offered in consulting,retail and e-commerce sectors. The median salary for other sectors was Rs 16 lakh (FMCG and pharma),Rs 14 lakh (banking,financial services and insurance,or BFSI and investment banking or IB),Rs 12.5 lakh (manufacturing and conglomerates) and Rs 11.5 lakh (telecom and IT).
While approximately 35 per cent of the batch opted for BFSI and IB sectors,around 25 per cent chose FMCG and pharma and and 8-12 per cent manufacturing,consulting,retail and IT,retail and e-commerce sectors.
The BFSI sector saw JP Morgan,Nomura,Yes Bank,Franklin Templeton,Standard Chartered Bank,Citibank,HSBC,ICICI Bank and Indiabulls recruiting students in diverse roles such as investment banking,wholesale and corporate banking,commercial banking,treasury and risk management and institutional finance among others.
SBI Capital Markets,Morgan Stanley,Motilal Oswal,Avista Advisory offered front-end investment banking roles.
We were apprehensive,but the placement process turned out to be great. We were offered new and challenging profiles. I have been offered a role in institutional sales in the BFSI sector,which I feel is unique and challenging, said Nikita Beel.
FMCG and pharma sector companies such as Ranbaxy,Glenmark Pharma Hindustan Unilever,Cipla,Procter & Gamble,Colgate-Palmolive,General Mills,Abbott Pharma and Janssen Pharmaceuticals offered branding in emerging markets,brand management,marketing and other roles.