JBIMS Summer Placement 2010 : The backbone of success is fusing diversity with celerity
| October 20,2010 11:08 am IST
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pdfThis perfectly symbolizes the pace of the recruitment process and the variety in terms of profiles for the recently concluded summer placement season at Jamnalal Bajaj Institute of Management Studies. Riding high on the wave of the flourishing Indian economy, JBIMS has had a record breaking season --- 78 companies, 4 days, 120 students and 100% placements! Anticipation and enthusiasm were converted into smiles as the Summer Placements surpassed all expectations.
The resounding success of the Summer Placement season is also reflected in the stipend, with average domestic stipend touching a new high of Rs.72,000 and highest domestic stipend touching the remarkable figure of Rs 1.5 lakhs. Sectors like BFSI, FMCG, Investment Banking, Consulting, Telecom and IT recruited in large numbers. In addition to this, the sectors that showed a substantial increase in recruitment included Manufacturing, Infrastructure and Pharmaceuticals which emphasized the keenness of JBIMS students to take up challenging roles across diverse fields.
The wide range of companies this season included our regular recruiters like Citibank, HSBC, JP Morgan Chase, ICICI, Hindustan Unilever, Procter & Gamble, ITC, Colgate Palmolive, Dabur, Johnson & Johnson, Deloitte Consulting etc. Industry leaders like Reliance Industries Limited, Schlumberger, GSK Consumer, Religare, Indiabulls and Cinemax were some of our new recruiters who offered exciting opportunities. This has reaffirmed the position of JBIMS as being a B-school with a rich heritage of quality and academic excellence, attracting companies across various sectors.
Siddharth Misra, a first year student who is interested in pursuing a career in Corporate Banking, says “It was a fast paced, smoothly conducted process with many exciting profiles on offer, enabling us to explore new avenues, wherein I got an opportunity to be placed in one of the most coveted profiles in my dream company.”
This year too, the Banking, Financial Services and Insurance sector emerged as a front-runner in terms of number of students recruited and was closely followed by the FMCG sector. Also keeping in pace with the rapid growth of the economy, the Manufacturing Sector played a substantial role in recruiting students, thereby affirming their faith in the talent pool of JBIMS.
There was diversity in the profiles offered by the companies which ensured that the students got placed in various functions of the organization which ranged from Mergers & Acquisitions to Treasury, Structured Finance to Investment Banking, Sales & Marketing to Product Development, and Market Research to Supply Chain Management.
Salient Features of the 2010 Summer Placement Process at JBIMS:
- A total of 78 companies visited the campus
- 100% placements achieved in a record period of 4 days
- This year the record average domestic stipend was Rs.72,000 and the highest domestic stipend on offer was Rs. 1.5 lakhs
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Comments
'Learn or Perish' is the mantra by which Indian B schools can survive the threat from foreign B schools. Today many Indian B schools are focusing their attention on tie ups with reputed foreign universities, International placements, World Class Faculties and experienced bunch of students.
MBA education is not only about learning from books and gargantuan salary packages but it's also about understanding the ground realities and coming up with workable solutions for everyday problems at a small cost. Sadly very few schools are focusing on this aspect.
For e.g MBA students from Harvard are working in small villages in India to understand the problem the people in lower strata of society are facing and many of them have in fact started companies that have introduced innovative products in the market at a low price.
On the other hand in India 'Yes Bank' recently conducted a competition for B school students where they had to come up with a solution for a case study that focussed on financial inclusion for the weaker sections of the society.