Nine months ago the campus of the Jamnalal Bajaj Institute of Management Studies (JBIMS) wore a sombre look during their final placement season.
Today, they are celebrating their successful summer placements, which could indicate a good final placement season to come.
The 88 companies that came on campus and hired students at an average stipend of Rs 48,000 for two months, the maximum crossing a lakh, are indicative of the recovering economy.
Majority of students found summer placements in the banking and financial sector (28 per cent), the worst affected in last year’s recession, and the consumer durables sector (25 per cent).
“The eight week stint offers students an opportunity to gain relevant hands on experience and similarly, the recruiters benefit from the fresh perspective that they can gain,” said Dr CR Chavan, placement coordinator.
In February, the final placement season saw 98 companies with an average annual salary of Rs 10.72 lakh.
“Though we had a lot of companies on campus in February, the bigger names were very conservative in the numbers they were recruiting, but this time they have come back stronger,” said Kaushal Gandhi, placement committee member.
The season saw companies from various new sectors such as hospitality, media and insurance make a grab for students.
Some of the well-known names who made their presence felt on the campus were ICICI Bank, Pepsico, Britannia and Colgate Palmolive.