The summer placements at Jamnalal Bajaj Institute of Management Studies (JBIMS) bought cheer to students and the institute with all the 117 first-year students of the batch being placed at top companies.
The highest stipend offered at the institute touched Rs 3.35 lakh, a considerable jump from last years’ highest stipend of Rs 2 lakh for the two-month summer job in 2015. However, the number of companies participating in the placement process saw a dip, with only 65 companies offering internships, as opposed to 71 last year.
However, placement officials at the institute said that while the number of firms coming in to recruit has decreased, the number of students picked by companies has risen.
“The average stipend has also gone up to Rs 1.17 lakh as compared to Rs 97, 000 last year,” said Rohan Mankame, a student at the institute.
Overall, the banking and financial sector remained the top recruiter by offering 33% of the batch with internships. The companies offered large variety of profiles including investment banking, corporate banking, commercial banking, risk, equity research and transaction banking.
Two of the biggest global consulting firms, McKinsey & Co. and Boston Consulting Group made attractive offers to students. The Boston Consulting Group recruited students for summer placements for the first time at JBIMS.
“The enthusiasm showed by the industry coupled with the high degree of preparedness by the students, helped us not only achieve record placement figures but also meet the requirements of the very diverse spectrum of employers that visited our campus,” said Balkrishna Parab, placement co-coordinator at JBIMS.