JBIMS Mumbai Achieves 100% Placements 2023 with Record Average Salary of INR 28.02 LPA; Check Details Here

New Delhi: JBIMS Mumbai has successfully completed the placement process for its 2021-23 batch, achieving a significant milestone of securing a 100% placement rate. The average offered salary for this batch stands impressively at INR 28.02 LPA, while the highest salary stood at INR 35.75 LPA. 

Maintaining its excellence in placements, JBIMS Mumbai has once again outperformed its previous year's placements. The institute's legacy of achieving complete placements with higher average salaries remains intact, as it continues to raise the bar.

Concluding the final placements 2023, JBIMS Mumbai has elevated the average salary to INR 28.02 LPA, marking a noticeable increase from the INR 27.63 LPA offered last year. The BFSI & IB sector has secured the largest share, with 43% of students placed within this domain. 

Commenting on the successful JBIMS placements, Dr. Srinivasan R. Iyengar, Director of JBIMS Mumbai, remarked that JBIMS had sustained its prominent position among the leading B-Schools throughout the nation. 

Highlighting the institution's continuous commitment to management education, placing significant emphasis on quality and excellence to foster the comprehensive growth of their students, Dr. Iyengar said that the teaching methodology adopted by the institute has consistently focused on an interdisciplinary and integrated approach, designed to replicate the intricacies of real-world business scenarios. 

He further stated that JBIMS had overcome industry challenges by offering remarkable opportunities to its students and mentioned that the institute had achieved new milestones, anticipating a few international placements, while maintaining an exceptional track record in terms of placements.

JBIMS Mumbai Placement 2023: Highlights

JBIMS Placement 2023 Trends & Analysis: Average MBA Salary Rising 

All the participating candidates in the JBIMS placement process 2023 secured rewarding placements with an average annual salary of INR 28.02 LPA. In accordance with the 'Make in India' initiative and in its pursuit to elevate the significance of MBA education, JBIMS has once again proved that there exists an unwavering flow of placement opportunities. 

Over the past six years of JBIMS Placements, the average salary has consistently shown an upward trajectory with each placement season.

JBIMS Mumbai Placements 2023: Trends in Highest Salary

While the highest salary package in the placement 2023 experienced a decrease compared to the previous year, it still remains significantly higher than the package offered during the 2020 placement cycle, as tabulated below. 

The evaluation of a B-school's placement pattern often involves analyzing the ups and downs in the average and median salaries provided by recruiters. Although a few students might receive the highest placement offers, the difference between the highest and average compensation offered plays an important role in determining the placement trends across previous cycles. 

JBIMS has observed variations in the highest pay packages over time; however, the average placement salary has exhibited a steady growth throughout the years. 

JBIMS Mumbai Placements 2023: Top Recruiters

Some of the top recruiters at JBIMS Placement 2023 include marquee companies such as Accenture Strategy, Adani Group, Asian Paints, Bajaj Finserv, Citibank, Colgate-Palmolive, Deloitte, EY, HSBC, JM Financial, KPMG, L'Oréal, McKinsey & Co., PwC & Reliance. 

Further, JBIMS also hosted several first-time recruiters on campus who made lucrative offers, including Cimpress, Edelweiss Alternatives, Haleon, L'Oréal, Pine Labs and TransUnion CIBIL.

JBIMS Mumbai Placements 2023: PPOs/PPIs Offered

The M.M.S. Batch of 2021-2023 received around 132 Pre-Placement Offers (PPOs) from a range of renowned companies including Accenture Strategy, Asian Paints, Axis Bank, Bajaj Finserv, Cisco, Everest Industries, FTI Consulting, HCCB, HDFC Bank, Hexaware, HSBC, ICICI Bank, JSW, Kotak Life Insurance, Kotak Mahindra Bank, NPCI, P&G, PwC, and Reliance. 

JBIMS Mumbai Sector Wise Placement 2023 

JBIMS Mumbai Placements 2023 closely matched industry norms and student preferences. The variety of companies that participated ensured a strong recruiter-student fit. The placement season witnessed top names from BFSI & IB, Consulting, and FMCG sectors, along with consistent engagement from legacy recruiters. 

With their skills and enthusiasm, the batch of 2023 is braced to carry JBIMS's legacy. Notably, BFSI & IB dominated the recruiting sector, followed by Consulting. 

JBIMS Mumbai Placements 2023: BFSI & IB 

Tabulated below shows the BFSI Sector, offer percentage, recruiters, the roles they offered to the students. 

JBIMS Mumbai Placements 2023: Consulting

JBIMS Mumbai Placements 2023: FMCG & Pharma

Among various other notable sectors, IT & Ecommerce, Manufacturing, and Conglomerates stood out as significant recruiters in JBIMS Placements 2023.

Meanwhile, JBIMS Mumbai remains a top choice for recruiters, and the remarkable achievements in the placement season for the 2023 batch further solidify the industry's trust in the calibre of JBIMS students. 

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