Smiles

'07 brings smiles galore at Jamnalal Bajaj
Students at Mumbai's Jamnalal Bajaj Institute of Management Studies (JBIMS) are a happy lot.

The '07 placements season at JBIMS has brought smiles on the faces of the entire batch of 124 students: everyone got ‘placed' on Day One! What's more, there were more than two offers per student, with the average number of offers per student at 2.38.

While the highest domestic salary offered was Rs. 15 lakhs (currently under revision), the average salary crossed the Rs 10 lakh mark.

The highest overseas offer was for $ 85,000. This year, the institute had its highest number of international and lateral offers: 15 % students grabbed jobs overseas (companies that offered international placements included Olam International, First Gulf Bank, Sharaf Group, Man Financial and Jumbo Electronics).

Anubhav Bhatt, chairman, placement committee, JBIMS, said, "A Dream Job concept, the average number of offers per students being at an all-time high, 15% of the batch receiving international offers, largest ever delegation of companies confirming presence and the average domestic remuneration breaking the INR 1 million barrier – these were some of the firsts associated with this year's process making it the best ever final placements witnessed by Jamnalal Bajaj."

Overall, 182 companies registered for the final placements out of which 87 participated. Of these, Deutsche Bank and Lehman Brothers were first-timers on the JBIMS campus.

Students are also given due credit for relevant ‘work experience'. Rahul Talele, who was offered a private equity profile in a real estate fund, said: "I am happy to have been able to leverage my previous work experience of business development in the real estate sector for a consulting and advisory role in a realty fund."

In the batch, 20% received lateral offers; 25% received pre-placement offers. Companies extending lateral offers included PriceWaterhouseCoopers (PWC), Standard Chartered, Cognizant Technology Solutions and Pfizer. There were also niche profiles, like private equity offered in the laterals space.

The consulting sector got a big boost this time, with 15% of the batch choosing to work with this sector -- which is almost twice the number last year. Jobs in this sector were offered by companies like McKinsey & Co, Accenture, PriceWaterhouseCoopers (PWC), KPMG, Tata Strategic Management Group, Deloitte, Ernst & Young, and IBM Consulting, while profiles ranged from management and strategy consulting, to operations and supply chain consulting to financial advisory.

The investment banking sector was represented by ICICI Securities and SBI Capital Services, while recruiters from the banking sector included Citibank, HSBC, Standard Chartered, ICICI Bank, Kotak Mahindra Bank and UTI Bank. Profiles offered included project finance, corporate finance, credit analysis, debt restructuring and syndication, risk assessment, relationship management, product design and operations/technology management. In the FMCG sector, there were recruiters like HLL, ITC, Colgate Palmolive, Dabur, Britannia, and Heinz. And in IT, Cognizant Technology Solutions, Hewlett Packard, Infosys, TCS, Wipro, Tech Mahindra and Patni scouted for talent – and offered jobs.

There were many other stories to be cheerful about! Saffron Asset Advisors, a real estate fund, made three offers in private equity. Telecom major Bharti Airtel picked five students for its Young Leaders' Program. Kotak Securities and ICICI Securities offered equity research profiles. Two students from the finance batch accepted financial advisory profiles from IDFC in the infrastructure space.

Other than the abovementioned companies, Motorola, GE India, Adventity, Fractal Analytics, CRISIL, ICRA, Ceat Tyres, CARE, GE Money, and global cement giant Lafarge also participated in the recruiting process.

Commenting on the recruitment experience Mr. Arif Shaikh, Chief Credit and Risk Officer, First Gulf Bank, said, "First Gulf Bank's experience at JBIMS has been truly marvelous with lots of excitement. This is an institute with history and character. The placement committee is always there for help and guidance, and the students are intelligent, bright and ready to take on the world."

Dr. Stephen D'Silva, placement coordinator, JBIMS, summed it up, "2007 will be looked upon as the year where the batch was presented with a plethora of choices. What stood out this year was that while there was a strong focus on quality of profiles on offer, it was accompanied by a phenomenal rise in salaries as well. This only reinforces the quality of the institute and the recognition it enjoys in the corporate world."

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