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,