JBIMS clocks highest stipend of Rs 2 lakhs in summer placement

jamnalalbajaj-placementMUMBAI: Jamnalal Bajaj Institute of Management Studies (JBIMS) concluded its summer placements for the first year students of MMS course (2013-2015) with an average domestic stipend of Rs 97,000 and highest stipend of Rs 2 lakhs.

Students secured a variety of profiles across domains spanning the entire industrial spectrum including BFSI & IB, FMCG & pharma, manufacturing, conglomerates, and real estate, consulting and information technology, media and telecom, among others.

About 71 companies participated in the summer placement process.

Careers with: Hindustan Unilever, Procter & Gamble, Colgate-Palmolive, ITC, Dabur, Marico, Nivea, Kellogg’s.

The institute hosted a large number of new recruiters on campus. The BFSI sector offered attractive profiles such as investment banking, equity research and transaction banking. Fresh profiles like operations and corporate finance were offered by FMCG majors apart from sales and marketing. Diverse profiles such as FMP, General Management, SCM, Reverse SCM, Logistics, EPC, real estate consulting, HR consulting, etc. were offered.

“We hosted several Investment Banks and analytics agencies, some of which recruited exclusively from JBIMS,” the institute said in a press statement on Wednesday.

Prof Balkrishna Parab, the placement coordinator at JBIMS, said: “This year our focus was on making more diverse opportunities available to our students so that the multitude of interests of the students are adequately catered to.”

“A great response from the industry as well as the high level of preparedness of the students has helped us in achieving this goal and delivering another hugely successful summer placement season,” he added.

In BFSI the companies that visited included Citibank, Standard Chartered Bank, HSBC, JP Morgan Chase, ICICI Bank, Nomura, CRISIL, Development Credit Bank, HDFC Property Ventures, ICICI Prudential AMC, Metlife, Tata Capital, CIMB Securities, among others.

Some of the FMCG majors that came included Hindustan Unilever, Procter & Gamble, Colgate-Palmolive, ITC, Dabur, among others and fostered new relationships with corporates such as Marico, Nivea, Kellogg’s.

Pharmaceutical and allied industry also made its presence felt with industry majors like GSK Pharmaceuticals, Abbott, DSM, Sanofi, Merck Pharmaceuticals, Boehringer Ingelheim visiting the campus and recruiting a good number of candidates.

Diverse profiles across multiple domains were offered by leading business conglomerates such as Mahindra & Mahindra, Raymond, Larsen and Toubro, Godrej and Boyce as a part of the summer internship program, the institute said.

Consulting roles were offered by companies like Jones Lang LaSalle, Tata Consultancy Services, Capgemini, Fidelity Management Research, Wipro, etc. Real estate consulting and HR consulting were some of the niche profiles offered in this domain. (Source:ET)