Campus recruitments have hit a new high in Mumbai with a 25-year-old management student of Jamnalal Bajaj Institute of Management Studies (JBIMS) being offered an annual package of Rs 26 lakh by a leading consultancy firm, earlier this week.
While at Narsee Monjee Institute of Management Studies (NMIMS), the highest offer this year was Rs24 lakh, at SP Jain a student was offered Rs23 lakh.
These city B-schools, which are among the top in India, have students who are being offered an average salary between Rs13-Rs15.5 lakh, a 20% hike over last year. “The economy is booming and hence the salaries have risen sharply. The companies spent more time in the hiring process which is good for the participants,” said professor Abbasali Gabula, placement head, SP Jain.
At JBIMS, 111 students have been placed in 83 companies with an average salary of Rs15.54 lakh. While ICICI Bank made 12 offers, nine job offers came from Proctor & Gamble. “Apart from the bigwig recruiters, about 17 new companies came to the campus this year,” said Debashish Sanyal, dean, NMIMS.
Even international placements have seen diversity. “This year, we have offers from Singapore, USA and other South East Asian countries,” said Priyanka Chordia, JBIMS placement committee member.