Summer placements at JBIMS see 29% jump in highest stipend to Rs 4.5 lakh for two months

MUMBAI: The 53rd batch of MMS, the flagship course of Jamnalal Bajaj Institute of Management Studies ( JBIMS) has wrapped up summer placements with a 29% jump in highest stipend to Rs 4.5 lakh for two months.

The average stipend for the two-month internship reached a new high of Rs 1.61 lakh. The top 10% of the batch took home a stipend of Rs 2.9 lakh whereas the top 30% was offered Rs 2.4 lakh on an average. A total of 63 companies participated in the recruitment drive.

Consulting and BFSI continued to be the dominant sectors with about 42% of the batch bagging lucrative roles from the likes of Avendus, Barclays, Citibank, Goldman Sachs, HDFC Bank, HSBC, ICICI Bank, J.P. Morgan, McKinsey & Co., SBI Card, Standard Chartered and YES Bank among others.

FMCG and Pharmaceutical companies such as Abbott, Cipla, HUL and P&G took interns whule the manufacturing and conglomerate sectors saw participation from the likes of Bajaj Electricals, Hero MotoCorp, JSW, L&T, Raymond, RIL, Tata Steel.

The technology sector was represented by the likes of Capgemini, Microland and Wipro among others.