JBIMS Summer Placement 2016: average stipend increases by 11%
Urvashi Dalal, 21 Oct 2016, #JBIMS
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The Jamnalal Bajaj Institute of Management Studies (JBIMS) completed its summer placement process for the Masters in Management Studies (MMS) batch 2016-18. BFSI and IB emerged as the top recruiting domains. With an increase in highest stipend, the average stipend also increased by 11% this year. Out of the 68 companies that registered for the process, 64 companies participated in the summer placements.

 

The highest stipend offered at the Institute is Rs. 3.50 lakh for two months, and the average stipend is Rs. 1.52 lakh. The top 10% of the batch took home Rs. 2.90 lakh whereas the top 50% was offered Rs. 1.8 lakh on an average.

 

Consulting firms like McKinsey & Co. and Accenture Strategy continued to be the top recruiters in the domain. BFSI and IB recruited one-third of the batch with roles in verticals such as Investment Banking, Corporate Banking, Commercial Banking, Equity Research, Securities, Transaction Banking and Retail Banking. The recruiters included Goldman Sachs, Standard Chartered, Bank of America Merrill Lynch, Citibank, HSBC, DBS Bank, JPMorgan Chase & Co., ICICI Bank, IDFC Bank, Axis Securities, Aviva, MetLife, HDFC PV, SBI Card and RBL Bank to name a few.

 

FMCG giants such as HUL, P&G, Johnson & Johnson, Marico, Danone etc. continued to offer roles in Sales & Marketing, Corporate Finance and Product Management. A rise in the number of conglomerates and manufacturing companies visiting the campus led to a two-fold increase in the number of offers being extended to the students. Companies such as JSW, Vodafone, TATA Motors, Sun Pharmaceuticals, Medtronic, Abbott, Schlumberger, Tata Consultancy Services, Arvind Brands, Piramal Enterprises, L&T, Red Bull, Amway and Capgemini offered diverse roles in Strategy, General Management, Supply Chain, Logistics, Retail Research, Procurement Management and Technology.

 

Dr. Chandrahauns Chavan, Director at JBIMS, says, “The enthusiasm with which the companies participated in the summer placement process was evident through the fact that the entire placement process was completed in record time.”

 

Stay tuned to www.bschool.careers360.com for more news and updates

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