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JBIMS summer placements 2016: Average stipend goes up to Rs 1.52 lakh

Speed News Desk | Updated on: 25 October 2016, 12:34 IST

Jamnalal Bajaj Institute of Management Studies (JBIMS) Mumbai summer placements process witnessed an 11% increase in the average stipend, taking the amount to Rs 1.52 lakh. The highest stipend offered is Rs 3.5 lakh for a two-month internship. Sixty-four companies participated in the summer placement process this year.

According to a release from the institute, the stipend for top 10% of the batch stood at Rs 2.9 lakh whereas the top 50% was offered Rs 1.8 lakh on an average.

Also Read: At IIM Indore summer placements 2016, average stipend stands at Rs 1.04 lakh

Banking, Financial services and Insurance (BFSI) and investment banking emerged on the top preferred sectors, with one-third of the batch opting for roles in verticals such as corporate banking, investment banking, commercial banking, securities, equity research, transaction banking, and retail banking. Top recruiters included Goldman Sachs, JPMorgan Chase & Co., Standard Chartered, Bank of America Merrill Lynch, Citibank, DBS Bank, ICICI Bank, HSBC, IDFC Bank, Axis Securities, HDFC PV, SBI Card, Aviva, MetLife, RBL Bank and so on.

In Fast-moving consumer goods (FMCG), top recruiters include HUL, P&G, Marico, Johnson & Johnson, Danone. These firms offered roles in sales & marketing, corporate finance and product management.

The summer placements also witnessed a rise in the number of conglomerates and manufacturing firms visiting the campus.

Top recruiters here include TATA Motors, Tata Consultancy Services, JSW, Vodafone, Sun Pharmaceuticals, Abbott, Medtronic, Schlumberger, Arvind Brands, L&T, Piramal Enterprises, Red Bull, Amway and Capgemini.

Roles were offered in general management, strategy, supply chain, retail research, logistics, procurement management and technology.

First published: 25 October 2016, 12:34 IST