Mumbai’s Jamnalal Bajaj Institute of Management Studies (JBIMS) closed its 2010 placement season with jobs from 68 companies for its 119-strong Master of Management Studies (MMS) batch of 2008-10.
The average domestic salary claimed by JBIMS for the batch was Rs 12.54 lakhs. The institute reported a highest salary of Rs 26 lakhs (for a placement in Dubai, according to placement committee member Kaushal Gandhi), which by the current exchange rate converts to about 214,275 UAE Dirhams. Considering purchase power parity by The Economist’s Big Mac index, it translates to a standard of living equivalent to that secured in India at about Rs 12 lakhs per annum (but without income tax, it being Dubai).
“About 20% students received pre-placement offers before the commencement of the placement process,” said the JBIMS placement report.
| Sector | Percentage of batch recruited |
| Banking and Financial Services | 38% |
| IT and consulting | 19% |
| Manufacturing and Real Estate | 13% |
| FMCG and Pharma | 13% |
| Investment Banking | 9% |
| Business conglomerates | 5% |
| Telecom | 3% |
“As many as 21 companies participated in the placement process for the first time this year. Some of these companies were Bloomberg, Barclays Wealth, UB Group, Novartis, Janssen-Cilag, DHFL and IFMR,” said the JBIMS report. According to the institute, a total of 110 companies were approached by JBIMS or expressed interest for participation in the process. Of these, 68 eventually recruited the graduates (read footnote).
“Regular recruiters such as McKinsey, Deloitte, Citibank, Standard Chartered Bank, JP Morgan Chase, ICICI Bank, Axis Bank, Hindustan Unilever, Procter & Gamble, ITC, Britannia, Dabur, Johnson & Johnson, Pfizer and many others strengthened the existing relationship. Companies such as Procter & Gamble, Bloomberg, Jumbo Electronics and Triton offered international profiles,” added the report.
Recruiters from the Banking, Financial Services and Insurance sector: Citibank, Standard Chartered Bank, ICICI Bank, Axis Bank, Yes Bank, HDFC Bank, Barclays Wealth, Kotak Group, CRISIL, ICRA, BRICS Securities, Tata Capital, DHFL, IFCL, IFMR, Bank of Baroda, Bank of India and NCDEX.
FMCG & Pharma: Hindustan Unilever, Procter & Gamble, ITC, Britannia, UB Group, Dabur, Triton, Pfizer, Ranbaxy, Novartis, Strides Arcolab and Johnson & Johnson.
Manufacturing, Real Estate and Retail: Cummins, Bajaj Auto, Shree Renuka Sugars, HPCL, Lexi, Maersk, Lodha group, Orbit Corporation, Jumbo electronics and Reliance brands.
Investment Banking: Nomura, JP Morgan Chase, SBI Capita, MSCI Barra and IDBI Capital.
Consulting: McKinsey, Deloitte, Cognizant, Avalon Consulting and Aira Consulting.
IT, Telecom and Media:Infosys, Tata Consultancy Services, Wipro, KPIT Cummins, HCL Tech, Syntel, Microland, Vodafone, Virgin Mobile, Idea Cellular and Bloomberg.
Business Conglomerates: Various business groups such as GE, Essar Group, Mahindra & Mahindra, JSW Group and Larsen & Toubro offered strategy profiles to the students in Finance, Marketing and General Management.
Added later: Not all of the companies listed above actually recruited graduates from JBIMS, Mumbai. The list also includes those companies that the JBIMS placements committee contacted for participation but did not turn up at the institute or recruit a single student. We asked a JBIMS placement committee member Kaushal Gandhi to share the list of the companies that actually recruited from JBIMS but our request was refused with the cited reason that it was against institute policy. He also refused to share the reason behind this policy, repeatedly answering that “we have always followed this policy.”
Those in the know about companies that have not recruited at JBIMS but are in the list, feel free to add that information to the comments.