Business Management News Two Year MBA

Rs 2.8 Lakh Highest Stipend at IIT Bombay Summer Placement

The highest stipend of summer placement at Shailesh J Mehta School of Management at Indian Institute of Technology Bombay (IIT B) was Rs 2.80 Lakh which is 40% higher than that of last year. The average stipend of SJMSM at IIT Bombay summer placement rose to Rs 1.19 Lakh, witnessing an increase of 27% over the previous year.

These internships will be carried out for 8-10 weeks. Paving the way for an amazing first salary, the students bagged offers in the summer placements from 40 participating companies. The batch has attracted many new recruiters and also bagged new profiles from existing recruiters.

Among the new companies include Ocwen Financial Services, Pidilite, Boehringer Ingelheim, United Health Group and Whirlpool with profiles offered in General Management, Sales & Marketing, BFSI and Supply chain management.

READ Too: IIM Udaipur PGP 2016-18 Batch Rocked The Summer Placement

FMCG giants such as Asian Paints, BCCL, Colgate-Palmolive, Johnson & Johnson, Kimberly-Clark, Marico, Mondelez, Nestle, P&G and others offered profiles in supply chain management, operations and IT domains.Owing to the institute’s close association with the fast moving consumer goods (FMCG) sector, 29% of the batch has secured offers from this segment.

Around 22% of the students secured from the consulting/IT sector. While the rest of the students bagged placements in manufacturing and banking, finance, securities, insurance (BFSI), healthcare and other sectors. Manufacturing and BFSI stood third and fourth respectively followed by healthcare and other sectors.

While consulting/IT bigwigs like Accenture, Capgemini, GEP, Tata motors, and Wipro had roles in procurement consulting and technology consulting up for grabs. Manufacturing giants including BASF, Cummins, Tata motors and Whirlpool offered profiles in operations and marketing.

The BFSI sector, meanwhile, witnessed giants like Fidelity Investments, Goldman Sachs, ICICI, Indus Valley Partners, Ocwen Financial Services and Yes Bank offering roles in investment management, relationship banking, risk management, corporate treasury and business analysis and research.

READ ALSO: Marketing & Sales Profile Tops In IIM Rohtak Summer Placement

In the Healthcare sector, companies like Boehringer Ingleheim, Cochlear, Pharmeasy and United Health Group offered profiles in supply chain management, strategy, sales and marketing and general management.

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