Top placement packages up by a third at Mumbai’s management institute
The highest salaries offered to students of the masters programme at Jamnalal Bajaj Institute of Management Studies (JBIMS) has gone up substantially. The final placement report for Masters in Management Studies (MMS) students, released on Tuesday, said that and the highest offer made to a student stands at Rs34.3 lakhs per annum, compared to Rs26 Lakh last year.
A statement released by the institute further states that the average salary offered to a student stands at Rs18.76 lakhs per annum, up from Rs18.3 lakh which was the case in 2016. “A mix of regulars and first-time recruiters has given us brilliant results in placements this year. A total of 68 pre-placement offers (PPOs) were awarded to students across sectors this time round,” said Stephen D’Silva, placement co-ordinator for the institute.
Some of the companies offering PPOs included Abbott, Accenture Strategy, Avendus Capital, Barclays, Citibank, Danone, Future Group, Standard Chartered, etc. The largest chunk of the current batch was picked by companies from the Banking Financial Services and Insurance (BFSI) sector with 43% students being placed in this sector. Companies that visited the campus included Aditya Birla Financial Services, Axis Securities, Bank of America Merrill Lynch, HDFC Bank, IDBI Bank, etc. Compared to last year, the consulting domain too saw a rise of 9% in the number of students recruited.
“Companies from sectors like technology, advertising and media, e-commerce offered lucrative roles to students. We were very excited with the profiles of many first-time recruiters which included Capgemini, Honeywell Technologies, Tata Strategic Group, Tech Mahindra, etc,” said another member from the placement committee.
A total of 77 companies came on campus this year to offer jobs and almost the entire batch has been placed in this round itself.