BFSI Sector Dominate Placements at JBIMS-Mumbai with 38% Offers
The batch of 2010 witnessed a brilliant placement season riding on the waves of economic recovery. When the winds of down turn rocked the economy last year, the institute achieved 100% placements this year was no surprise.
A fabulous Summer Placement for the Batch of 2011 had further raised hopes. And Jamnalal Bajaj Institute of Management Studies (JBIMS) fortified this belief of its hopefuls with another successful season.
The first signs of a good season were seen in the large number of Pre-Placement Offers (PPOs) received by 20% of students even before the commencement of the placement season. The companies this year, showed immense faith in the talent pool by offering diverse profiles. This enabled students to choose jobs based on their preference along with other factors such as compensation, job location etc.
Sectors like BFSI, FMCG, Investment Banking, Consulting, Pharma, Telecom, Real Estate and IT recruited in large numbers. About 38% of the students got placed in the BFSI sector alone. Investment Banks and Consulting companies made a big comeback this season, much to the delight of the students. Information Technology companies, came this year with larger numbers and sought after profiles like business consulting. Students could opt for various strategic roles with companies offering profiles in manufacturing and other core sectors.
Regular recruiters such as McKinsey, Deloitte, Citibank, Standard Chartered Bank, JP Morgan Chase, ICICI Bank, Axis Bank, Hindustan Unilever, Procter & Gamble, ITC, Britannia, Dabur, Johnson & Johnson, Pfizer and many others strengthened the existing relationship. Companies such as Procter & Gamble, Bloomberg, Jumbo Electronics and Triton offered international profiles. There was a surge in the number of new recruiters with 21 companies participating in the placement process for the first time this year. Some of these companies were Bloomberg, Barclays Wealth, UB Group, Novartis, Janssen-Cilag, DHFL and IFMR.
A total of 110 companies participated in the placement process and offered multiple offers to the batch of 119 students. The average salary this year stood at 12.83 lakhs, which is 20% higher than last year while the highest package touched 26 lakhs.
Reflecting on their experience this year, Udayant Khemani, a Placement Committee member shares, Unlike the previous placement season, this season saw many companies open up to recruit students in large numbers. Companies belonging to diverse sectors offered a variety of profiles to our students. Thus, the students got a vast range of choices to pick from.
The breakup of the profiles opted by the students is as below:
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