JBIMS Placement 2018: Average salary offered jumps, but highest pay package falls at Jamnalal Bajaj Institute of Management Studies
JBIMS Placement 2018: Jamnalal Bajaj Institute of Management Studies (JBIMS) Mumbai, one of the premier and autonomous MBA colleges in India, has just concluded placements for year 2018 on a positive note. Contrary to the downward trend witnessed in corporate hiring post demonetisation and GST implementation, the average salary offered to JBIMS Mumbai students rose in 2018. The 130 students who participated in the Campus Placement 2018 received an average salary of Rs 18.91 lakhs as compared to Rs 18.76 lakhs last year. However, the highest salary package saw a steep decline this year. The highest salary offered slipped to Rs 30 lakhs in 2018 from 2016’s highest package of Rs 34.30 Lakhs. Notably, such fluctuations often occur in the highest package offered.
Interestingly, of the 130 students who participated in the JBIMS Placement 2018, 63 received pre-placement offers (PPOs) from the recruiters. Renowned corporate names such as Reliance Industries, Tata Steel, Medtronic, P&G, IDFC Bank, Citibank, Hindustan Unilever, McKinsey & Company, J P Morgan Chase, HSBC, ICICI Bank, Vodafone, Capgemini, Goldman Sachs, RBL, Aditya Birla Group, Standard Chartered, Tata motors, and Arvind Brands, etc offered PPOs to the students this year.
Among 69 companies, as many as 20 are the first time recruiters. These include India Ratings, Livinguard, Anand Rathi, ValueLabs, Crompton Greaves, DSP Blackrock, IOCL, BOB Capital markets, Piramal Enterprises, UltraTech Cement, Quality Kiosk, Bristlecone, GSK, Jubilant Food Works, Hikal, Sunteck, The Quarry, and Deloitte.
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Sector-wise, BFSI held the top spot, offering 38 per cent jobs, followed by FMCG and Pharma companies which extended 20% of the total offers made. 16 per cent of total offers went to manufacturing, while Consulting attracted 14 per cent offers. Technology and other minor sectors accounted for 12% of the total offers, while telecom & auto sector made 12% of the offers.
The much-followed JBIMS MBA Placement 2018 could well be treated as an indicator of MBA hiring trends relevant in India.
JBIMS, Mumbai is popularly known as the CEO Factory of India.