Despite gloomy market conditions, Tier-II B-schools in Mumbai have managed 100 per cent placements.
These placements have also been at higher average salaries than a year ago, according to the institutes.
Placements were the highest in the FMCG sector. A portion of the new recruiters belonged to the FMCG and consulting space. The jobs season also saw the emergence of new sectors such as e-commerce, renewable energy, S-commerce (social commerce) and HR consulting.
Jamnalal Bajaj Institute of Management Studies (JBIMS) had 86 companies visiting its campus, with 22 companies coming for the first time. Google, Aditya Birla Group, Amazon and Michael Page International were among the new recruiters. Around 36 per cent of the students were placed in the BFSI sector, 25 per cent in the Pharma and FMCG sectors, 18 per cent in consulting and IT, 16 per cent in manufacturing and conglomerates and 5 per cent in other fields, according to the institute.
The average salary was Rs 14.9 lakh and the highest was Rs 24 lakh. About 23 per cent of the batch were offered pre-placement offers.
Another leading B-School in Mumbai – S.P. Jain Institute of Management and Research (SPJIMR) – had 81 companies visiting their campus this year against 76 companies last year. However, hiring per company was lower than last year. There were 18 new companies that recruited from the college this year. The number of students graduating in 2012 was 177.
The highest salary offered on campus was Rs 24 lakh a year and the average annual salary was Rs 15.46 lakh. Companies in the FMCG and consulting space saw the maximum recruitments.
The placement season ended well at the Narsee Monjee Institute of Management Studies (NMIMS) as well. Of the 121 companies that visited the campus this year, 41 were first timers or were returning after a break of three to four years.
The number of graduating students in 2012 was 413, up 11 per cent from last year. The average annual salary was Rs 13.04 lakh, down marginally from Rs 13.1 lakh last year. The top package of Rs 30 lakh a year is marginally up from last year, according to the institute.