JBIMS Conducts Its Final Placements

The highest salary offered at Jamnalal Bajaj Institute of Management Studies was 14 Lacs p.a., which is a huge jump from the highest salary of 9.35 lacs p.a. offered last year. The average salary was 8.17 lacs p.a., again a whopping increase compared to the average of 7.04 lacs p.a. last year. The median salary was 8.25 lacs p.a.

The Who’s who of India Inc including McKinsey & Co, Accenture Management Consulting, TSMG, Bristlecone Consulting, IBM Consulting, HLL, Colgate Palmolive, ITC, Britannia, Perfetti, Dabur, Godrej Industries, Citibank, HSBC Bank, Standard Chartered Bank, ICICI Bank, Kotak Mahindra Bank, SBI, UTI Bank, ING Vysya Bank, SBI Capital Markets, IDFC, J P Morgan Chase, Adventity, Fractal Analytics. Hewlett Packard, Intel Corporation, Wipro, Infosys, TCS, Patni, MBT, Johnson & Johnson Medical, Bharti tele-ventures, ICICI Prudential, ICICI Lombard, Hindustan Times, Dupont participated in the placement process.

The average salary offered to girls was 9.5 lacs p.a. whereas the guys in the batch managed to get an average salary of 8 lacs p.a., with 14 girls in a 122 strong batch

Here’s a snapshot of Final Placements for the Batch of 2006:

Mc Kinsey & Co. recruited 2 students

Sandstone Capital, a Hedge Fund made 1 offer

Millionaires Club – More than 10% of the batch will start off with a 7 figure salary

Banking and Financial Institutions alone recruited 37 % of the batch, with 51% of the Finance batch getting their dream profiles in this sector

Sunrise sectors like Aviation, Insurance and Media saw significant representation on campus

Intel Corporation, Dupont, IDFC, Bristlecone, Adventity, ING Vysya Bank, Hindustan Times, were first time recruiters at Bajaj

ICICI Bank emerged as the biggest recruiter making 10 offers in all

Standard Chartered Bank made 7 offers including 2 PPO’s

12% of the batch had already secured Pre Placements Offers and hence were not available for the companies

Students showed preference for profiles over salary, a trend prevalent last year as well

7 students got lateral placements from companies like Intel Corporation, Johnson & Johnson Medical, IBM Consulting, Godrej Industries and Infosys Technologies, among others

Here’s the story sector wise:

Consulting : Consulting returned with a bang with Mc Kinsey & Co. recruiting 2 students. The sector saw a rise in the percentage intake with 10 students getting into the crème-de-la-crème of consulting companies.Mc Kinsey & Co, the world’s largest consultancy firm recruited 2 students. Accenture Management Consulting made 3 offers while Tata Strategic Management Group and Bristlecone Consulting made 1 offer each. IBM recruited 3 students for its Business Consulting Services practice.

Banking & Financial Institutions

Bajaj is traditionally known to be the hunting ground for top notch banking and financial services stalwarts. Banking and Financial Institutions continue to be the biggest recruiters, in congruence with the students’ preferences recruiting 37% of the batch of 2006.

Sandstone Capital with its lone offer marked the entry of Hedge Funds at Bajaj. ICICI Bank made a total of 10 offers. Standard Chartered Bank made a total of 7 offers, including 2 PPO’s. The unassailable bond which Bajaj has with Citibank was further consolidated with the latter extending 2 PPI’s and making 2 final offers on campus for its coveted ‘Management Associate” Program. HSBC bank which returned to campus after a year, made a total of 3 offers. IDFC made its debut on campus and made 2 offers for niche profiles. ING Vysya Bank visited campus for the first time and made 1 offer. UTI Bank recruited 5 students. ICICI Lombard, ICICI Prudential turned out to be big recruiters on campus. Other regular recruiters included State Bank of India, Kotak Mahindra Bank among many others.

FMCG

The FMCG sector was well represented by regulars like HLL, ITC, Colgate Palmolive, Britannia, Dabur, Godrej among many others.

HLL recruited 1 student for its Business Leadership Training Program. Coca Cola made 1 Pre Placement Offer. ITC made 2 offers to the Marketing Batch. Colgate Palmolive made 1 offer. Britannia made 1 offer in Sales & Marketing. Dabur, the fastest growing FMCG recruited 2 students. Perfetti returned to campus after a considerable gap and recruited 1 student.

IT

HP, Intel Corporation, Wipro, Infosys, TCS, MBT, Patni name the company in the sector and it was there.

Others

Others included sunrise sectors like Pharma, Aviation, Media and companies like Titan, Dupont. Dr. Reddy’s made a Pre Placement Offer to the only doctor in the batch. Johnson & Johnson Medical made a lateral offer. Air India recruited 2 students from Bajaj offering 12.35 Lacs p.a. Hindustan Times recruited 2 students to fuel its future growth in new businesses. Dupont in its first visit to campus made 1 offer.

Placement Statistics:

No of companies who registered for the process	117
No of companies who got to recruit students	58
No of students to be placed	122
No of offers made	247
Offer per student	2.02
No of PPO’s	15
Percentage of the batch which got placed	100%
Highest Salary	14 + Lacs p.a.
Average Salary	8.17 Lacs p.a.
Median Salary	8.25 Lacs p.a.

Sector	Avg Sal*	Highest Salary*
Consulting	10.25	14.00 +
Banking & FIs	8.25	10.00
FMCG	8.00	9.63
IT	7.20	9.10
BPO/KPO	8.45	9.00
Telecom	8.10	8.25
Others	7.89	12.35

*All Salary figures above in Lacs per annum

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