NMIMS Placements 2011: ICICI, JP Morgan largest recruiters in banking and financial services
| March 14,2011 03:54 pm IST
The School of Business Management (SBM) of Narsee Monjee Institute of Management Studies, Mumbai has completed the placements for the batch of 2011. Ranked among the top B-Schools of the country, the successful placement season only underlines its authority and dominance.
The excellent track record of the past three decades was reaffirmed by the participation of leading companies across sectors, quality of the profiles offered, the number of loyal and new recruiters and the sheer number of offers made by the participating companies.
NMIMS had to place a large contingent of students of four different MBA Programs: MBA Core being the Flagship Program with an intake of 300 (an increase from previous year’s 250); and the Focus MBA Programs in Actuarial Science, Banking and Capital Markets (with an intake of 30 students each). While the MBA – Core, which has been in existence for three decades has a strong foothold in the industry, the newly introduced Focus MBA programs too have gained acceptance in their respective niche areas.
The batch of 2011 saw Rs.13.1 Lakhs Per Annum as the average compensation offered to the 372 graduating students. Out of 112 companies that participated in the process, students accepted the offers from 96 companies. 34% companies were new recruiters - this also included a few loyal recruiters that did not have the executive mandate to participate in campus placements for the last couple of years due to the economic slowdown.
Banking & Financial Services: ICICI Bank and JP Morgan Chase were the largest recruiters in this sector. Global financial majors such as Goldman Sachs, Nomura Holdings, Royal Bank of Scotland, Citibank, Barclays Bank made offers which invited a large amount of enthusiasm from students. Financial services companies Religare, SBI Capital Markets, India Infoline, Tata Capital, IDBI Capital, Irevna, ICICI Securities, Yes Bank, Axis Bank, Kotak Bank, State Bank of India, Deutsche Bank (Operations), HSBC Global Resourcing, ICICI Lombard, Darashaw, UBS Verity Knowledge Solutions, ICICI Prudential AMC, Angel Broking, HDFC Bank, Bank of India & Fortune Financial Services participated over the season which strengthened the preference for NMIMS in the Finance Sector. This was supplemented by the participation of biggest ratings agencies of the country – CRISIL, CARE ratings and ICRA.
The profiles offered included Investment Banking, Corporate Banking, Equity Research, Project Finance, Wealth Management, Risk Management, Treasury, International Banking, Transaction Banking, Ratings, M&A Advisory, Strategy, Branding, Retail Banking, Product Management, Asset Management, Credit Risk, Market Risk, etc.
FMCG/Consumer Durables: A traditional stronghold at NMIMS, this sector had presence from companies such as Hindustan Coca Cola Beverages (HCCB), ITC, L’Oreal, Marico and Wipro CCL that continued to show strong belief in NMIMS students by participating in large numbers. While Dabur, UB Group visited after a small gap, the new recruiters in the FMCG sector were Reckitt Benckiser, VVF Ltd, Nutrela (Ruchi Soya) and Wrigley’s. Givaudan, a Swiss manufacturer of flavorings and fragrances recruited for its international marketing profile. Consumer Durables sector was represented by Godrej & Boyce, Whirlpool and Videocon.
The profiles offered included Branding, Sales, Marketing and Distribution.
Consulting: The consulting space saw the participation of companies such as KPMG, PricewaterhouseCoopers, Deloitte, Avalon Consulting, Capgemini, Cognizant Business Consulting and i3 Consulting. The profiles offered ranged across Risk Advisory, Financial Advisory, Marketing and Strategy Consulting, Operations Consulting, IT consulting and Infrastructure Consulting.