The Jamnalal Bajaj Institute of Management Studies, Mumbai, completed its final placement process for 2016-18 batch. The highest salary a student was offered is ₹30 Lacs per annum (LPA). This year, the entire batch of 130 participating students got good placements at the placement drive in the shortest time period. The average salary was ₹18.91 LPA as against ₹18.76 lakhs in 2017.
Students opted for jobs in sectors like BFSI, IB, Manufacturing, FMCG, Healthcare, Retail, Consulting and Telecom and Technology. Sixty Nine companies participated in the campus placement process here, some for the first time. Here are the details of the institute's 2018 final placement.
Students were offered a total of 63 Pre-Placement Offers (PPOs) and Post-Placement Interviews (PPIs). Some of the companies who made these offers include ICICI Bank, Reliance Industries Ltd., HSBC, HUL, McKinsey & Company, Tata Motors, P&G, Tata Steel, JPMorgan Chase & Co., JSW, Abbott, IDFC Bank, Aditya Birla Group, Piramal Enterprises, Capgemini, Goldman Sachs, Standard Chartered, AkzoNobel, Vodafone, Citibank, Arvind Brands, RBL Bank, DBS Bank, Medtronic, etc.
This year, the average salary for top 10% students of the batch was ₹25.38 lakhs and the average salary for top 30% was ₹21.68 lakhs. The median salary continued to be ₹17 lakhs. During the past five years, the average salary at this premier management institute kept on rising. However, this year, the highest salary package fell to ₹30 lakhs as against ₹34.30 lakhs in 2017. Such salary fluctuations are common.
Placement trends 2018: In the JBIMS placement drive, all 130 students of this batch were well-placed. Their salaries averaged at Rs. 18.91 lakhs per annum as against 2017's average of Rs. 18.76 lakhs per annum. JBIMS has incorporated the theme of Make in India by producing the finest management students. Their placement results in 2018 prove that where placement offers from good companies are concerned there is no slowdown.
The average salary of the top 10% students was Rs. 25.38 lakhs while that of the top 30% stood at an impressive Rs. 21.68 lakhs. The median salary continues to remain at Rs. 17 lakhs. It is interesting to note that over the past five years, the average salary of this institution for the MBA course has continued to rise every year.
100% placement: Yet again, the institute shone by successfully placing its entire batch. In doing so, it has upheld its reputation of having 100% placements with a wide variety of roles and offer. This year, this institute saw a marked rise in the number of PPOs and PPIs it received.
Of the total of 130 students, 63 PPOs were offered by recruiters such as Abbott, HUL, RIL, Aditya Birla Group, McKinsey & Company, Citibank, HSBC, Tata Motors, P&G, Tata Steel, Arvind Brands, JSW, DBS Bank, Goldman Sachs, ICICI Bank, Capgemini, J P Morgan Chase, AkzoNobel, IDFC Bank, Piramal, Standard Chartered, RBL, Medtronic and Vodafone.
First-time recruiters: From the 69 participating companies making placement bids, this time there were 20 new recruiters at this institute. These recruiters included Anand Rathi, Crompton Greaves, Deloitte, BOB Capital Markets, UltraTech Cement, Bristlecone, DSP Blackrock, ValueLabs, Sunteck, Piramal Enterprises, GSK, Hikal, IOCL, Jubilant Food Works, India Ratings, Livinguard, Quality Kiosk, Pucho and The Quarry.
Highest recruiters--BFSI sector: The Banking Finance Services and Insurance (BFSI) sector topped the list of recruiters this year by successfully making 38% offers. They were followed by FMCG and pharmaceuticals with 20% offers. Manufacturing had a 16% share in the placement pie while Technology, Telecom and Auto were next in line with a 12% share. Conglomerates followed with 11% placement offers while Consulting trailed after with 8% offers and the remaining 6% were attributed to E-commerce, IT and others.
The results of this year's placement drive prove that industry continues to repose the greatest faith in the quality of students from JBIMS Mumbai, which makes it the preferred campus for them.
Sector wise top recruiters
BFSI: About 43% of the batch of 130 students were offered jobs in Banking, Financial Services and Insurance (BFSI). The banks and financial institutions that took part in this placement process included Anand Rathi, ICICI Bank, CRISIL, Indiabulls, HDFC Bank, Avendus, SBI Card, IDFC Bank, Syngenta, DSP BlackRock, Axis Securities, Nomura, BOB Capital Markets, YES Bank, Franklin Templeton, RBL Bank, India Ratings, Spandana Sphoorty, Indus Valley Partners, etc.
Consulting: Consulting firms like Bristlecone, Deloitte, IBM, Infosys Consulting and McKinsey & Co. participated in the process offering consulting profiles.
Information Technology: Industry leaders such as TCS, Wipro, Samsung, Valuelabs, Capgemini, Vodafone and Quality Kiosk offered students roles in IT and Technology.
Corporate Finance, General Management and others: Students received lucrative offers from recruiters in Corporate Finance, General Management, Sales and Marketing and Operations. These were: L&T, Tata Motors, Arvind Brands, Raymond, HUL, Crompton Greaves Consumer Electricals, UltraTech Cement, GSK Consumer Healthcare, Abbott, Maruti Suzuki, Cipla, Nestlé, Vedanta, Piramal Enterprises, Jubilant Foodworks, IOCL, Jumbo Electronics, Welspun and Hikal.
Diverse Batch profile
The entire batch of students of the JBIMS batch of 2016-18 stands out for its diversity. 29% of the batch are women students and comprise engineers, architects, arts graduates, commerce graduates, entrepreneurs, physiotherapists and pharmacists. These form some of the finest talent from different parts of the country.
To augment their business knowledge, several students took certification and professional courses, such as Master of Business Laws, CFA and FRM. Some of the engineers were rich in experience in fields as diverse as power, shipping, banking, IT, construction and social media. The versatility in backgrounds attracted different and niche profiles from many companies.
JBIMS: 50+ years and growing: In its 50 years of existence, JBIMS has been the alma mater of several industry leaders who continue to visit it and share their practical wisdom with students. Students benefit immensely from this interaction with corporate giants as they give insights into the way industry works and what is now expected from new recruits.