Unprecedented Corporate Rush for Summer Recruitments Seen at JBIMS, Mumbai

Unprecedented Corporate Rush for Summer Recruitments Seen at JBIMS, Mumbai

October, 2006 saw the heavyweights of India Inc. descend on the campus of Jamnalal Bajaj Institute of Management Studies (JBIMS) to recruit the cream of management students. The unprecedented corporate rush at JBIMS reflected the supremacy that its students enjoy across fields of business.

The summer placements for the batch of 2006-08 of JBIMS were successfully conducted in mid-October with the entire batch being placed on Day One.

The summer recruitments saw active participation from the best companies across sectors with as many as 60 companies vying for talent but only 37 companies getting an opportunity to recruit. The highest stipend offered was Rs. 60,000 with the average stipend rising to Rs. 35,700.

The banking sector led the pack, with giants like Citibank, HSBC, Standard Chartered Bank and ICICI Bank recruiting nearly 40% of the batch. FMCG was another dominant sector with majors like HLL, ITC, Coca Cola, Marico, Dabur and Britannia making several offers. Cognizant, TCS, Wipro represented the IT sector, recruiting with a strong focus on marketing and finance functions.

Leading financial service providers like NM Rothschild, SBI Capital Services and IL&FS offered investment banking profiles to summer interns. This year's summer placements also saw participation from consulting majors like KPMG, William Mercer, Avalon Consulting and MindTree Consulting.

Manufacturing, Pharma, Telecom, Automobiles, were among the other sectors in which students chose to intern. Students were offered HR profiles in sectors as diverse as Telecom, FMCG and Financial Services.

First time recruiters at the summer process like HSBC, Cognizant, Mindtree Consulting, IL&FS, BASF, Reliance Capital, Du Pont heralded the beginning of relationships with the institute.

Anubhav Bhatt, Chairman of Placement Committee, says, "The highlight of the Summer Placements this year was the sheer number of new relationships formed with various companies and the much higher number of candidates recruited by each company. The presence of niche sectors like Aviation, Media & Advertising gave the candidates a plethora of choices to pursue internships."

The excellent performance of the 2007 batch during summer internships has already translated into 12 PPOs and PPIs with many more expected as the executive placement season unfolds. The exceptionally encouraging summers scenario is a healthy build up to an even more exciting executive placements come February '07.

Concluded.

Contributed by -
Anish Shrimankar & Dhruv Sanghvi,
The Corporate Relations Committee,
Jamnalal Bajaj Institute of Management Studies, Mumbai.

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