Here is the unverified report for the Class of 2013. All data has been compiled from media reports and the JBIMS website. We have not heard from the placement committee at all. Media reports talk about a lot of companies 'participating' and 'visiting'. We do not know if they actually recruited. Please speak to students at JBIMS to confirm this.
Banking & Finance
Franklin Templeton, Standard Chartered Bank, Citibank, HSBC, JP Morgan, Nomura, Yes Bank, ICICI Bank, Ratnakar Bank, Tata Capital, Indiabulls and Fidelity.
A lot of the above roles are for Corporate and Retail Banking profiles. Roles offered by companies like JP Morgan and Nomura are middle office roles. Some of the names above also include PPOs being offered. However, it is an impressive list of companies in this domain if the batch size is only 120 and looks better in the final analysis when compared to some Old IIMs.
JBIMS claims Morgan Stanley offered a front end investment banking role.
Assuming 25% of the batch opts for Finance, the list above provides ample opportunities. However, do not expect many front end Investment banking or Markets roles at JBIMS especially from bulge bracket international banks.
Consulting & General Management
For years now, JBIMS is the 5th campus after IIM ABCL that Mckinsey and Co. recruits from. It is interesting to note that JBIMS students have beaten IIM I & K, XLRI, FMS students for the coveted role at the batch day process in Mumbai with alarming regularity. It is interesting that Mckinsey & Co. never adds JBIMS to its list of campuses to visit but almost always recruits a JBIMS graduate from batch day.
Accenture is the other big name that recruited from JBIMS. Deloitte and JonesLang LaSalle (Real Estate consulting) are other names. There are no other noteworthy names in consulting.
General Management line up is very impressive except that TAS does not visit JBIMS any more. JBIMS was dropped a few years back by TAS. JBIMS press release claims Reliance Industries Ltd, Schlumberger, Bosch, Lodha Group, General Electric, Mahindra & Mahindra, Larsen & Toubro, Tata Steel, Jindal Steel and Power, Shree Renuka Sugars Ltd, Godrej & Boyce, ACG Worldwide, Alfa Laval, BASF, Cummins recruited for General Management and Strategy roles. We would like to state again that for a batch of 120 this is a very impressive line up. International profiles were offered by Petrofac and SADIG Group.
FMCG
JBIMS has always had top FMCG options. HUL and P&G have always recruited from JBIMS and will continue to do so. Nitin Paranjpe, CEO of HUL is a JBIMS alumnus. Colgate-Palmolive, L'Oreal, PepsiCo, Hindustan Coca-Cola Beverages, General Mills are other names.
Others
Amazon and Flipkart in the E-Commerce space. Jumbo Electronics offered an international profile (Middle East). Castrol is also in the list of recruiters.
The pharma space was well represented by Cipla, Ranbaxy, Glenmark Pharma, Abbott Pharma, and Janssen Pharmaceuticals.
Microsoft, Zycus, HCL Technologies, Wipro, Cap Gemini, Accenture Tech, TCS and Infosys were names in the IT space.
Companies that offered PPOs/PPIs
Abbott, Accenture Management Consulting, Castrol, Citibank, Colgate-Palmolive, Flipkart, General Electric, GSK Consumer, Hindustan Unilever, JP Morgan, Janssen Pharmaceuticals, Jones Lang LaSalle, Kotak Mahindra Bank, Mahindra & Mahindra, Nomura, Procter & Gamble, Reliance Industries, Standard Chartered Bank and Vodafone.
22 PPOs + 33 PPIs with overlaps where PPIs some PPIs got converted to PPOs. We dont know the exact number but assuming the number to be around 40 (removing the overlaps), 1/3rd of the batch landing PPOs and PPIs is a decent statistic even for a batch as small as 120. (This stat was provided to us by a student claiming to be from JBIMS in the comments section below.)
They claim that the highest salary offered through PPOs is INR 24.22 lakhs (INR 2.4 Million). We are still trying to figure out which company they are talking about and how exactly the calculations have been made.
Statistics
Median Salary - INR 1.4 Million ( INR 14 Lakhs)
Average Salary - INR 1.53 Million (INR 15.32 Lakhs)
Highest Domestic Salary - INR 2.6 Million ( INR 26 Lakhs)
Total number of recruiters - 88
Total number of first-time recruiters - 36
We hope that we can manage to get JBIMS to share the report in the InsideIIM format in the future. As mentioned before, this is an unverified report. Please take adequate caution before believing any claims.
You may also like to read :
Summer Placements Season – Class of 2014
The Most Preferred Companies to Work in India – 2012
Placements – The Real Story – Class of 2013
Chat
Comments
jbite
One correction. PPOs+PPIs = 55 but there are overlaps. You cannot straightaway add PPOs and PPIs. Approximate numbers of PPOs was 22 and PPIs was 33. And, the total is NOT 55. I had this posted on fb as well few days back. But, insideIIM repeated it here. Request you to correct it.
24 Apr 2013, 02.07 PM
anti-Kat
Although this is an unverified report, it is very clear that JBIMS placements are better than IIM Kozhikode placements by a mile. Interesting fight between SPJIMR and JBIMS and FMS. FMS is overrated just because of its fees.
24 Apr 2013, 02.10 PM
+Read Replies (2)
Neutral_Junta
In terms of ROI and less competition, JBIMS is a lot better than IIMI, IIMK, IIMS and the newer IIM's. I feel they also edge SPJ, XL and IIML to some extent in this regards.
24 Apr 2013, 02.57 PM |
Common Man
Why didn't you add IIM ABC? Don't know how people ended up doing MBA from coveted institute given the fact they don't even know how to write two correct sentences.
2 May 2013, 11.56 AM |
nnn
This reservation has already ruined this gr8 institute...There are only 8 seats for general category students from rest of the Maharashtra...Recruiters need to know that when more than 50% batch is on the basis of reservation, quality is definitely not going to be the best one. Absolute Q-tiyapa by Maharashtra Government... I pray for the companies that have recruited so-called JB graduates, who don't really deserve to be a part of such a great institute.
24 Apr 2013, 02.27 PM
+Read Replies (8)
jbite
Yeah right. McKinsey recruits from JBIMS only to hire people who don't deserve to be here !!! While I agree with your view on the reservation part, you have no right to comment on the quality of the students without any evidence.
24 Apr 2013, 02.37 PM |
Neutral_Junta
While I agree with you, I dont think giving a Mckinsey example is an appropriate argument. The girl who was recruited at Mckinsey already had a PPO from Accenture Management. Also she was from the general category.
24 Apr 2013, 03.00 PM |
nnn
Thanks for revealing that
24 Apr 2013, 03.04 PM |
correction
correction : There are 16 not 8 seats for general category students from rest of the Maharashtra, and this quota policy of Mumbai university has been prevalent since its start , still JB has produced the likes of Uday kotak ,ajay piramal , chanda kochar , vinita bali , Harish manwani, nitin paranjpe , siddhart roy kapur , mani ratnam and many others ..so u cnt say that reservation policy is affecting the quality. PS : Even at IIM ABC 49.5% seats are reserved ,don't you see quality going down there ?
24 Apr 2013, 03.10 PM |
nnn
How many of them are from reserved category?
24 Apr 2013, 03.13 PM |
nnn
Well, in case of IIMs as well the quality is getting affected... The thing is : toppers from reserved category come there...OBCs are doing good in many IIMs...I don't know why they really need the reservation.(Their annual income is much higher than many General category candidates)But SC, STs have pathetic percentile, which wouldn't even place them in tier-III MBA institutes...That's why big companies have started recruiting toppers and outstanding students from number of campuses
24 Apr 2013, 03.20 PM |
mmm
This is a placement report of an institute , how the hell does it become a reservation debate ?? when almost all IIMs including ABC have 50% of seats reserved why should there be a reservation debate on only on JB's placement report. In fact JB has less then 50% of reserved seats ...total general seats are 38+9+18=65 which is more than 50% , just that it has its general seats into mumbai university , outside mumbai university and all India seats ...and this is the policy for all university colleges in Maharashtra. Also the competition for those 38 mumbai university seats is no less, with cut off always being above 99.9%+ and most of the times higher than all india seats.
24 Apr 2013, 03.26 PM |
jbite
Dude, seems that you are pushing forward the same point again and again. Read the title of the page. Its about JBIMS placements 2013 and not about reservations. Please focus. Your point is noticed and there is nothing anyone can do about it but the government.
24 Apr 2013, 03.27 PM |
nnn
Dude, my comment is not only relevant with McKinsey...it's generic...Some of my friends from JB itself have made this comment in private conversation with me. I am from Maharashtra itself...I have written MH-CET, I have scored 99.8+ & didn't convert due to this bloody reservation. Though not all students from the quota are bad, most of them are...I am lucky to study in one of the best institutes in India...no need to reveal the name...& to be honest, company like McKinsey knows every detail of the student it recruits, right from CG, CAT or MH-CET percentile n all. It has its own hygiene factors & it generally doesn't wish to dilute its brand. No offense against JB. It's a gr8 institute on the verge of fall in the imminent decade if it doesn't free itself from the shackles of bloody, stupid & caste oriented Maharashtra government. Peace...
24 Apr 2013, 02.58 PM
+Read Replies (1)
jbite
Which institute doesnt have reservations? (Excpet SP and XL). All IIMs including the most coveted ABC have caste based reservations. I initially thought you were talking about the regional reservation which is a different problem. And, all these are political decisions. Institute cannot decide upon whom to admit and whom not to. And yes, recruiters know about it. Most companies ask about the selection criteria of the institute before they come to hire. If you dont have quality, you ll be exposed in the placement process (and obviously not make it to Citi StanC HUL n Png). (P.S. you had 99.8+. Considering approx 100000 students took CET, there were still 200 students ahead of you. So, I guess you wouldnt have made it to JB even without reservations ;) No offence intended. You could have scored 30+ in GDPI and could have converted JB)
24 Apr 2013, 03.17 PM |
Down with IIM K
Mckinsey, Morgan Stanley,Franklin Templeton, Accenture, P&G, Flipkart, L'Oreal - I don't see those names in the IIM K report. Lol. guess director appearing in media all the time does not help its placements. Nor does having 100+ girls :-)
24 Apr 2013, 03.56 PM
jbite
highest salary offered through PPOs is INR 24.22 lakhs - has to be Accenture
24 Apr 2013, 04.31 PM
+Read Replies (3)
Pramit
Accenture Management Consulting does not pay 24 lakhs in India
24 Apr 2013, 10.15 PM |
Karan
Correct - AMC's total package was 22.5 lpa (17+5.5 joining bonus).
24 Apr 2013, 10.40 PM |
jbite
It is AMC. May be they revised it this year.
25 Apr 2013, 12.17 AM |
Purana_Khiladi
The institute once so great is struggling to maintain its reputation. However it is still better than IIM I and slightly better than K in terms of placements. To my information, around 45-50 people get better jobs which the aspirant would settle at peacefully, paying CTC more than 11-12 LPA. Last 20 guys suffer a lot and the others fall in between 9 to 11 LPA.. The real average falls in the range of 11 to 12 LPA. Overall a good performance.. but for a batch of 120, its just ok.
25 Apr 2013, 04.03 AM
+Read Replies (8)
IIM I student
Wait for IIM Indore report. IIM Indore is miles ahead of both JBIMS and IIM K in terms of placements. On any given day the top 120 at IIM Indore are better placed than at both JB and IIM K. Except Mckinsey and L'oreal, every company recruiting at JBIMS has recruited at IIM Indore. Report will be out before May 2nd week with all details.
26 Apr 2013, 06.22 PM |
ForJB
OK :). Please mention the number of unplaced students also.
27 Apr 2013, 01.37 PM |
master_mba
Dude, everyone knows that IIM Indore convocation is over long ago. Why release report in May 2nd week? Just to influence CAT aspirants? Or wait is it because the placements or not yet over? May be both !!!
27 Apr 2013, 08.49 PM |
IIM I student
Yes. About 30 students weren't placed when convocation took place. But hey, why don't you ask the same question to IIM C,L,K,ISB,FMS? At least we are honest enough to admit it. IIM K released a report full of holes and lies just because they wanted to release it. And @forjb - At least we give opportunities to more students to graduate. You are in operation for more than 50 years and still have only 38 open category seats for students in your own state. And man by man our top 120 will eat your 120 raw in terms of the placements and profiles. Like I said, wait for our report. No point jumping in joy about placing a partly 120 kids and pointing fingers at institutions that have placed over 400 successfully.
29 Apr 2013, 01.00 AM |
JB Student
Buddy, I dont think any JB student has raised a finger at IIM I or any other institute. That is NOT how Bajaj works. Please focus on drafting your placement report instead of making loose accusations against Bajaj. Also, keep your 'free ka advice' to yourself. This is not a 3 Idiots movie and you are not Aamir Khan. Why talk about reservations on a placement report. As someone already pointed out we have 64 general seats which is a higher percentage (albeit marginally) than other institutes with reservations (all except XL, SP). Lastly, this is an Academic Institution and not a Placement Agency. Students come here to learn from the who's who of the corporate world and then sit for placements. So we are more than happy catering to a focused lot of the best 120 than dilute the quality of education and 'give more students opportunity to graduate'. Your making institutes with large batch sizes sound like NGOs for social welfare which they are clearly not (at least I hope not!) . "Will eat your 120 raw?" Presuming you are saying this because of the canteen issue you guys had. Dont get the proper nourishment according to a story that broke about 10 months back. Anyhow, I have full faith in the quality of our pedagogy, our students' profile and placements. We don't make claims about eating anyone raw because we are well nourished and its inappropriate to comment on other institute w/o having proper information so I will not descend to passing remarks about your students/ placements. Besides, students kahan bhi ho, its not nice to stay unplaced post convocation and sincerely wish you the best for the rest. Its the markets that are really bad right now not the institute/s / students.
29 Apr 2013, 11.14 AM |
Well wisher
This is getting ugly now. I can see two women "School A" vs "School B" fighting with each other.
29 Apr 2013, 12.30 PM |
Remo
Well said. Sometimes the quality of comments in social media reflect the quality of students in an institute. Thumbs down to those brash comments from those from the so-called elite institutes. Grow up kids
29 Apr 2013, 12.32 PM |
BDC
Given the drugs scandal, mess (real time mess up) food poisoning issue, growing number of unplaced folks with each passing year, mediocre placements and so many other awesome facts, i too cant wait to read the 'to-be-out' placement report.
29 Apr 2013, 01.53 PM |
Well wisher
May be JBIMS Placecom does not know what front end role means. The fixed pay at Morgan Stanley Investment Banking division is 32 LPA while the bonus for an analyst is upto 80 - 100 percent. And this role is usually offered at ABC (More at A and B). However this time they recruited summer interns from FMS and IIM A only.
25 Apr 2013, 09.15 AM
+Read Replies (1)
Well wisher
The role is mostly offered at IIM Ahmedabad and Bangalore
25 Apr 2013, 09.16 AM |
BDC
Lets not undermine JBIMS.....If i remember clearly, a certain Oliver Wyman Consulting used to hire from here...Sadle do not see the name this time around......
26 Apr 2013, 03.16 PM
ABC
One of the biggest strengths of JBIMS is its Alumni network , its alumni network is almost as strong as that of ABC and ,in fact this placement report is below its potential. Mckinsey India's MD Mst. Noshir Kaka is from JB ,also Oliver wynman's India Head Mst. Atul Khosla is from JB.The institute needs to leverage on its alumni network.
26 Apr 2013, 06.58 PM
jbite
Throwing some light on the profiles offered by all the companies ( I might have missed a few). Finance: Standard Chartered Bank: Client Coverage (WB), Consumer Banking Citibank: ICG and RCB (corporate and retail banking) HSBC: Retail Banking ( RMTP program) JP Morgan: CAG (Credit risk) and CRG ( middle office IB) Nomura: Middle office IB Morgan Stanley: Front end IB (Limited to one year period, not a permanent job) Avista Advisories: Front end IB Franklin Templeton: Corporate Sales B2B Yes Bank: Corporate Banking, Retail products manager, Indian Financial Institutions ICICI Bank: Structured Finance, Treasury, Retail Banking Ratnakar Bank: Front End Trading, Corporate Banking Kotak Mahindra Bank: HNI wealth management SBI Caps: IB (not clear whether front end) , Debt Markets Indiabulls: Treasury, Commercial Credit Tata Capital: unknown Fidelity: unknown Shree Renuka Sugars Ltd: Corporate Finance Wipro: Corporate Finance Vodafone: Corporate Finance HUL: Corporate Finance P&G: F&A (Corp Fin) Jumbo Electronics: Corp fin Deloitte: Risk Mangement (not consulting) Lodha Group: Finance manager FINO: i could not understand the profile India Forex: Sales (not finance profile) Magma Fincorp: Treasury FSI Global: Unknown Consulting: McKinsey: Front end consulting Accenture: Front end consulting Jones Lang Lasalle: Front end consulting + sales Positive Moves: HR consulting Protiviti: unknown General Management: Reliance Industries Ltd: Gen Man Schlumberger: Supply Chain Bosch: sales n marketing General Electric: FMP Mahindra & Mahindra: Corporate Strategy Larsen & Toubro: unknown Tata Steel: Sales n marketing, operations Jindal Steel and Power: Gen Man, corporate strategy Shree Renuka Sugars Ltd: Operations, Corporate Strategy Godrej & Boyce: SnM, operations ACG Worldwide, Alfa Laval: unknown Cummins: Operations Petrofac: unknown SADIG Group:unknown BASF: SnM FMCG: Colgate-Palmolive, L’Oreal, PepsiCo, Hindustan Coca-Cola Beverages, General Mills. HUL: SnM Vodafone: SnM Castrol: SnM Jumbo Electronics: SnM, operations E-Commerce: Amazon: Account Manger Flipkart: digital marketing, strategy Pharma: Cipla: Gen Man Ranbaxy: Gen Man Glenmark Pharma: SnM, legal compliance Abbott Pharma: Area Sales Manager Janssen Pharmaceuticals: SnM GSK: SnM IT: Microsoft: Program Manager Zycus: unknown HCL Technologies: Consulting, BA, presales Wipro: Presales Cap Gemini: Multiple IT profiles Accenture Tech: Multiple IT profiles TCS: Global Consulting Practises, presales, BFSI Infosys: Multiple IT profiles Mindtree: Consulting Opt outs: 3 ( 1 person gt through Aditya Birla Group as MT, 1 has family business, 1 for further studies)
26 Apr 2013, 10.57 PM
+Read Replies (4)
jbite
Read that smiley B) as B
26 Apr 2013, 10.58 PM |
Nope
package bhi de deta yaar. ;) for even more transparency.. lol
26 Apr 2013, 11.27 PM |
Would_Be_MBA
Respected Sir, I have fortunately converted IIM-L & FMS via CAT this year. Now, plz pardon me for this novice query, but can u plz explain a small thing to me---> I have come to know from seniors that Front-end IB opportunities are very limited in FMS & L and usually the students with IIT/NIT/BITS/SRCC background get them. Most of the profiles offered are mid-office & back-end. Now ,being practical, I think I should'nt enter these institutes with such sky-high expectations. Can u plz tell me the difference b/w FRONT-END, MID-OFFICE & BACK-END IB? :o Sorry for this silly query but I just wanted to know in detail about what I was getting into & what are the difference b/w these 3 often talked about profiles. Plz reply
28 Apr 2013, 01.02 AM |
Remo
@JBites Can you guys please throw some lights on what are the various IT profiles offered by Accenture Technologies. I heard few best profiles in IT come from Accenture. Any info on it would be great
29 Apr 2013, 12.36 PM |
Well wisher
The finance lineup is just superb.
27 Apr 2013, 12.41 AM
future jbite
<a href="http://www.oliverwyman.com/careers/115.htm" rel="nofollow">http://www.oliverwyman.com/careers/115.htm</a> those people who are cribbing about jbims legacy look at this!!!!!!!!! :P
30 Apr 2013, 08.59 PM
+Read Replies (2)
karan bakshi
this is even more hilarious <a href="http://www.oliverwyman.com/careers/113.htm" rel="nofollow">http://www.oliverwyman.com/careers/113.htm</a>
1 May 2013, 05.38 PM |
future jbite
:P :P
3 May 2013, 07.14 PM |
Well wisher
Well, they should have spoken about which IIMs do they go to. As per my knowledge, just like many other consults, they do not go beyond ABC.
2 May 2013, 08.36 AM
+Read Replies (1)
future jbite
it is not true check out dis linkedin profiles dey have visited JBIMS <a href="http://www.linkedin.com/pub/anupama-jain/17/776/679" rel="nofollow">http://www.linkedin.com/pub/anupama-jain/17/776/6...</a> <a href="http://www.linkedin.com/in/udayantkhemani" rel="nofollow">http://www.linkedin.com/in/udayantkhemani</a>
3 May 2013, 07.11 PM |
Gooner
Only 6 permanent faculty in JB.. :O <a href="http://www.jbims.edu/index.php?option=com_content&task=view&id=84&Itemid=195" rel="nofollow">http://www.jbims.edu/index.php?option=com_content...</a>
4 May 2013, 10.20 AM
+Read Replies (2)
CAT aspirant
<a href="http://www.jbims.edu/index.php?option=com_content&task=view&id=314&Itemid=196" rel="nofollow">http://www.jbims.edu/index.php?option=com_content...</a> ... there are 86 visiting faculties at JB ,all of who are or have been CXOs,MD,VPs in various MNCs and most of them are past alums of JB. JBIMS strongly believes in the visiting faculty model of teaching where faculty has had some experience of working in industry. Even Chanda Kochar taught Financial management in JB for 4 years. One of India's best lawyer Mst. Nani Palkhivala used to teach Business Law. Also you can google the names of the visiting faculties to find out who they are and what position they hold in industry. Also regarding permanent faculty,in fact there was no permanent faculty ,only 1 director 10-15 years ago ....still it managed to produce the likes of Uday kotak ,ajay piramal , chanda kochar , vinita bali , Harish manwani, nitin paranjpe , siddhart roy kapur , mani ratnam and many others.
4 May 2013, 02.49 PM |
Gooner
Exactly my point. This goes on to show that you dont have an option for FPM/Phd and that is why I hardly see any prof. in top B school from JBIMS. Out of those, only three Profs. are Phd. Placement is one aspect but research is also equally important for any B school.
4 May 2013, 04.25 PM |