JBIMS-Mumbai
Witnesses Whopping 100% Rise in No. of I-Banks on Campus for Final Placements
'Dream a dream. Hold the
vision. Create the reality!'
This sums up the executive
placements at Jamnalal Bajaj Institute of Management Studies for the Batch of
2008.
A whopping 100% rise in the
number of investment banks on campus along with a plethora of niche profiles on
offer in sectors ranging from Consulting to Capital Markets, Telecom to Media,
and Real Estate to Conglomerates, the placements this year saw a new high. The
highest domestic salary offered was Rs. 29 Lakhs.
With the average salary peaking at Rs 13.84 Lakhs
and each student being made 3.08 offers on
average, the placements this year are nothing less than scintillating.
Divyesh Sanjana from the
Placement Committee said, "A melange of profiles of every possible kind across
all sectors and a plethora of offers to choose from, are few of the factors that
led to the path-breaking placements for the outgoing batch - precisely the goal
we set out to achieve as the Placement Committee at JBIMS."
However, it is not the soaring
salaries, but the choices and focus on profiles students have that makes this
year's placements so unique. A striking example of this trend was Anand Patil,
from the Finance Batch who grabbed an offer from Yes Bank as a Senior Manager
for their Investment Banking Division. "Challenges in a young organization are
something I look forward to and aligning my growth story with that of the
organization will give me a great amount of satisfaction," says Anand, who also
had offers from a top consulting firm and a leading MNC bank, along with a
pre-placement offer to boot.
This year also saw part-time
projects (off-summer projects, a concept unique to JBIMS) getting converted into
offers. Arjun Khanna bagged a prestigious buy-side equity research profile with
Principal AMC on account of the same. Students bagged offers from companies like
Nestle and L'Oreal on the basis of their performance in contests held by these
companies.
Investment
Banking
It was raining I-banks on campus
this year. The number of I-banks visiting campus doubled this year with 17% of
the batch taking up this career path. Besides bulge bracket I-banks such as
Citigroup (for their Global Markets Division) and Morgan Stanley Investment
Bank, top I-banks such as Avendus Capital, Enam Securities, ICICI Securities, JP
Morgan Chase and SBI Capital also made offers this year.
"Given the current tumult and
volatility in the capital markets around the world, I'm looking forward to
working in such a dynamic environment. Our focus on profiles and knowledge of
the markets has been well-appreciated by the corporates this year," says Rahul
Malpani, who has been placed with Avendus Capital.
Consulting
Consulting continued to be an
extremely sought-after profile on campus. Leading consulting firms like McKinsey
& Co., Accenture Business Consulting, Deloitte, Ernst & Young (Business Advisory
Services), PricewaterhouseCoopers participated in the process.
Leading HR consultant, Mercer, offered positions for their Human Capital
Advisory Services.
"It's been an enriching
experience interacting with JBIMS students. The zeal and passion of students is
commendable and makes them stand out in the crowd. They are definitely future
business leaders. We hope our relationship continues to grow stronger," said
Ms. Nimisha Rana Pathak representing Accenture Business Consulting,
which made offers to 5 candidates.
Capital
Markets
A strong focus towards careers in
India's Capital Markets was reflected in this year's placements. The highlight
of this year's placements is the separate Equity Research process held at the
behest of the students. With leading brokerage firms such as ICICI Securities,
SSKI, Principal AMC, Kotak Securities, participating, students of the Batch of
2008 are well on course to unlocking real value from Indian stock markets.
Banking &
Financial Services
The competitive edge that the
institute holds in being located in the financial capital of the country
reflected in the placements in this domain. Barclays Bank PLC and Yes Bank
participated for the first time, with Barclays making as many as 7 offers - a
testimony to the faith that the industry has in the institute. Roles ranged from
treasury to corporate banking to retail banking. For e.g., ICICI Bank recruited
for their Investment Banking, Treasury, Project Finance and Wealth Management
Divisions.
Top recruiters from banking
included HSBC, Citibank, Standard Chartered Bank, Deutsche Bank, First Gulf
Bank, Kotak Mahindra Bank. The financial services domain was represented by GE
Capital, CRISIL, Tata Capital, ASK Wealth Advisors, Credit Analysis and Research
Ltd. and Dawnay Day AV.
FMCGs &
Consumer Durables
The FMCG aspirants were spoilt
for choice with all leading FMCGs such as HUL, P&G, ITC, Nestle, Colgate
Palmolive, PepsiCo, Dabur, Britannia, Heinz and L'Oreal, along with non-FMCG
players like Castrol, Philips and Titan making their presence felt on campus. In
addition to the conventional sales and marketing profiles, they recruited
students for their corporate finance division also.
Niche
Profiles
Infrastructure, being one sector
which is expected to boom in the near future, resulted in companies such as IDFC
and Feedback Ventures offering niche profiles like Project Finance and
Infrastructure Consulting. Profiles in Private Equity were offered by IDFC
and HDFC Property Ventures.
Telecom too, was a buzzword with
4 major telecom players including Bharti Group (Telecom & Retail) Vodafone,
Virgin Mobile and Idea Cellular recruiting heavily this year. "Getting to work
with an established global player still in its inception stage in India, gives
me the opportunity to experience the best of both worlds. It will be a great
prospect to be part of a group which has the flamboyance of Mr. Branson and
legacy of the Tatas," says Pravin Chordia who accepted an offer by Virgin
Mobile.
Leading real estate companies
like Lodha Group, Keppel Land (Singapore), DLF and Jones Lang LaSalle Meghraj
represented the Real Estate sector on campus.
"The outsourcing story has
changed the real estate equation in the last few years. With a backlog of at
least 20 million housing units, this is one of the most exciting and challenging
sectors to be in. Being associated with a conglomerate that knows the local
markets inside out will be a great learning experience for me," says Jigar Shah
who secured a lateral position as a Strategy Consultant with the Lodha Group.
Major organizations from other
domains included Pfizer, Bennett Coleman and Co. Ltd., Essar Group, JSW Steel
and HT Media.
International Offers
An emerging trend in the
institute that grew stronger this year was the increased number of students
preferring to be a part of the Indian growth story instead of taking up profiles
abroad. International organisations such as AES Corporation, Bloomberg
Singapore, First Gulf Bank, Sharaf Group and Keppel Land
participated in the process.
Lateral
Offers
Giving due respect to the prior
work experience of a majority of the students, the institute had a separate
laterals process. Companies such as Barclays Bank, Ocwen Financial and Sun
Microsystems participated for the first time. IT majors including Capgemini,
Cognizant Technology Services, Genpact, IBM Consulting, Infosys Technologies,
TCS, and Wipro were amongst the few who recruited in the Lateral Process.
Off the
Beaten Track
There were students like Dhruv
Sanghvi from the marketing batch who chose to tread a different path. Dhruv
turned down numerous offers including two pre-placement offers (from a
prestigious FMCG and a multinational bank) to join a Media Conglomerate proving
once again that fat pay packages were secondary to the desire for achievement
and job satisfaction for the students at the institute.
Summing up the landmark placement
season, Dr. D'Silva, the placement co-ordinator and core faculty member
said, "When you are the best, pay packages cease being a criterion. It was the
fulfilment of their dreams which was of utmost importance to the students and
this is something JBIMS has managed to achieve this year with resounding
success."
Placements
Summary
| No. of
Companies who Participated |
92 |
| No. of
Offers Per Student |
3.08 |
|
Percentage of Batch Receiving PPOs / PPIs |
52% |
|
Percentage of Batch Receiving Lateral Offers |
46% |
|
Highest Salary (Domestic) |
INR 29
Lakhs p.a. |
|
Highest Salary (International) |
AED 2
Lakhs p.a. |
|
Average Salary |
INR
13.84 Lakhs p.a. |
