Sharp decline in top salary offer for MMS students at JBIMS
“The average salary offered this year has been 18.13 lakhs per annum. The biggest achievement was 50% of 119 students getting job offers before the placement season could begin or interviews conducted,” said a member of the institute’s placement committee.education Updated: Feb 15, 2016 21:08 IST
The highest salary offer made to Masters in Management Studies (MMS) students of Jamnalal Bajaj Institute of Management Studies (JBIMS) was Rs 26 lakh per annum, compared to Rs 35 lakh in the last batch.
The final placement report for the institute was released on Monday. Apart from financial companies like Citibank, Standard Chartered Bank, JP Morgan Chase, Crisil and HDFC, other companies that showed for the first time this year include Shell, Hinduja Group, Amazon, Genral Motors, Tata Motors, etc. “The job roles offered to students include investment banking, global banking, risk management, equity research and the likes. There were also recruiters from the e-commerce domain like Google and Amazon who offered roles in Marketing and Operations,” stated the report released by the JBIMS placement cell.
The placement committee said that almost 50% of the batch was offered jobs in the pre-placement and pre-interview stage itself. Explaining the sharp decline in the highest salary offered this year, a member of the placement committee said, “Our recruiter offering the highest package last year, did not recruit from any campus this year. However, they visited our campus for summer placements and we continue to maintain strong relations with the organisation.”
While the institute deferred from revealing information about the student with the highest pay package or the company that offered the job, the institute shared details on the overall scenario. With close to 77 companies on campus offering jobs, the only international company was a Hong Kong-based firm. “The average salary offered this year has been 18.13 lakh per annum. The biggest achievement was 50% of 119 students getting job offers before the placement season could begin or interviews conducted,” said a member of the institute’s placement committee.
Of the 119 MMS students from this batch, everyone except four, who had opted out of the placement season in order to start their own ventures, got job offers. Member of the Placement Committee, Twinkle Singhania said, “The Batch of 2016 has showcased its talent and exuberance through phenomenal success in various engagements like corporate competitions, off-summer projects as well as summer internships. Placements too have been as per students’ expectations.”
Highest offer 2016: 26 lakhs per annum
Highest offer 2015: 35 LPA
Highest offer in 2014: 26 LPA
77 companies were on campus to offer jobs to a batch of 119 students.