All got jobs this summer at Jamnalal Highest domestic stipend ran to Rs2 lakh; unique profiles open gates to aspiring managers

All got jobs this summer at Jamnalal

Highest domestic stipend ran to Rs2 lakh; unique profiles open gates to aspiring managers



With 100% placements and with the highest domestic stipend of about Rs2 lakh, the Jamnalal Bajaj Institute of Management Studies (JBIMS) summer placement report has surprised even the processing committee, what with fears of a recession.
On Monday, when it released its report after the successful recruitment season, which saw 79 companies arrive in droves on the campus.
This summer, it has seen some unique, niche profiles, like that of a carbon consulting manager, being offered to students. But it continues to show the regular trend of highest demand for finance and consulting sectors. Apart from the regular recruiters that head to the JBIMS for recruitment every year, this year witnessed the addition of coveted companies like Accenture Management Consulting, Standard Chartered Bank, Jones Lang LaSalle, JM Financial and Amul.
Banking financial services insurance and investment banking, fast moving consumer goods and pharma, and consulting and IT were the highest recruiting sectors with their respective shares of 33%, 28% and 17%. The report mentions average domestic stipend reaching Rs89,000.
Ankit Rampuria, placement committee member, said, "Despite the apprehensions regarding the conditions of the economy, we are surprised to successfully secure 100% placements with a significant increase in stipends and placed students in reputed organisations with desired profiles."
Rampuria further said, "Though finance and consulting continued to remain on the top of the recruitment chart, during this summer placement season, we saw some niche consulting profiles like carbon consulting and real estate consulting."
Carbon consulting is a field where a firm hires a person to keep the balance between profit levels and environment-friendly functioning. "Real estate consulting is where the manager helps companies find out strategic locations for construction and helps them crack a good deal by analysing future growth possibilities," explained Rampuria.
According to Swapnil Gupte from the corporate relations committee of JBIMS, this batch has a vibrant mix of students which includes 64% students with a work experience of one to four years. Besides, students come from varied educational backgrounds, including engineering, management, commerce, hospitality and medicine. Such a heterogeneous batch profile attracted companies from diverse industries."
Dr CR Chavan, placement co-ordinator, says, "Summer internship gives students a chance to experience first-hand the practical application of all the knowledge and skills they learn during the course of their first year at JBIMS."

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