Highest Stipend Offer Of INR 4.50 Lakh For Summer Placements – Class Of 2017-19 – JBIMS Mumbai
The 53rd batch of MMS, the flagship course of Jamnalal Bajaj Institute of Management Studies (JBIMS), one of the premier B-schools in the country, carried forward the legacy of the Institute and successfully concluded yet another Summer Placement season. The Institute once again provided a great platform to foster a symbiotic relationship between its students and the corporates. The talent pool that JBIMS offered attracted both traditional and new recruiters who hired in large numbers across various sectors.
The highest stipend offered at the Institute was INR 4.50 lakh for two months, an increase of 29% over the previous year. The average stipend reached a new high of INR 1.61 lakh. The top 10% of the batch took home a whopping stipend of INR 2.90 lakh whereas the top 30% was offered INR 2.40 lakh on an average. A total of 63 companies participated in the recruitment drive. These figures reaffirm the faith that recruiters have in the brand JBIMS.
Consulting and BFSI continued to be the dominant sectors with about 42% of the batch bagging lucrative roles in verticals such as Management Consulting, Investment Banking, Corporate Banking, Commercial Banking, Equity Research, Securities, Transaction Banking and Retail Banking. The placement season witnessed participation of top recruiters including firms like Avendus, Avista Advisory, Barclays, Centrum, Citibank, CRISIL, DBS Bank, Fidelity Management Research, Goldman Sachs, HDFC Bank, HSBC, ICICI Bank, Indiabulls, J.P. Morgan, McKinsey & Co., MetLife, RBL Bank, SBI Capital Markets, SBI Card, Spandana Sphoorty Financial Ltd., Standard Chartered and YES Bank among others.
FMCG and Pharmaceutical companies such as Abbott, Amway, AstraZeneca, Cipla, GSK Pharma, HUL, Medtronic, NIVEA and P&G offered attractive roles in Sales & Marketing, Corporate Finance and Product Management.
The Manufacturing and Conglomerate sectors saw participation from prestigious companies such as AkzoNobel, Bajaj Electricals, Hero MotoCorp, JSW, L&T, Mattel India, Piramal Enterprises, Raymond, RIL, TATA Motors, TATA Steel and Titan offering coveted roles in Finance, Sales & Marketing and Strategy. The technology sector was well represented this season with renowned companies such as ACT Fibernet, Capgemini, Microland and Wipro among others, offering roles in General Management, Finance, Strategy and Supply Chain & Logistics.
Dr. Chandrahauns Chavan, Director at JBIMS said, “It is a source of immense pride for us to see the current batch rise to the challenges set for them and uphold the commitment to excellence that JBIMS has come to represent over its rich history. I would be remiss not to mention the tireless efforts of our faculty, alumni and various industry partners in guiding our students for the challenges they will face in the corporate world.”
Akash Rakani, a Placement Committee member, said, “The participation of our legacy recruiters along with a number of prestigious first-time recruiters, has helped us achieve stellar placements for the Batch of 2019. The diversity and potential put on display by the batch have once again established the reputation of JBIMS as one of the most coveted business schools in the country. The exceptional summer placement results have set the stage for a successful Final Placement season in 2018.”