Slump is over for city mgmt students

Three months ago, Udayant Khemani, a management student at Jamnalal Bajaj Institute of Management Studies, was struggling to meet expenses with his pocket money. “Now I have a whole lot of tax planning to do,” said the 25-year-old, who received this year’s highest annual salary offer (Rs 26 lakh) among city management institutes.

Three months ago, Udayant Khemani, a management student at Jamnalal Bajaj Institute of Management Studies, was struggling to meet expenses with his pocket money. “Now I have a whole lot of tax planning to do,” said the 25-year-old, who received this year’s highest annual salary offer (Rs 26 lakh) among city management institutes.

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A consultancy firm offered him the package after six rounds of rigorous interviews, and the Walkeshwar resident is just back from a celebration bash in Goa.

Over the past fortnight, a select group of Mumbai management students, all in their early 20s, have got handsome salary offers, ending a slump that began with the global economic downturn two years ago. The top grosser in each of the city’s three top management schools are engineers with work experience.

Among these is Amit M, 25, who got a Rs 24 lakh job offer and had friends calling him ‘24’ for the next two days. The Narsee Monji student got the highest package in that college, from the financial sector.

“When I heard the salary package, it seemed like a large figure, especially considering the recent downturn,” said the Borivli resident.

Baroda boy Abhinav Tongia, 24, bagged the highest offer (Rs 23 lakh) at SP Jain Institute of Management Research, from an investment bank. “I waited an hour to call my parents,” he said. “I wanted to let myself live the joy first.”