Big cos in hiring zone again, B-schools cheer

By siliconindia   |   Thursday, 22 October 2009, 14:54 IST   |    4 Comments
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Mumbai: Mumbai's top B-schools have managed to attract some big names across the spectrum during the current summer placement season, from the troubled banking and financial services sectors to FMCG. The recruiters, who have made their presence felt at the Narsee Monjee Institute of Management Studies (NMIMS), include Nomura, ICICI Bank, JP Morgan, GE, M&M, L'Oreal, Britannia and Idea Cellular, reports Economic Times. While L'Oreal has so far recruited eight students, Idea has hired five. "All sectors are making their presence felt this time, including financial services. While it is certainly better than last year, the scenario is still not completely gung-ho," said the institute's Vice-Chancellor, Rajan Saxena. At the SP Jain Institute of Management and Research, Microsoft picked up 22 students this year, while 15 joined Citigroup. Other recruiters include P&G and HUL. The situation is somewhat similar at the Jamnalal Bajaj Institute of Management Studies (JBIMS). While Arul Doshi, a member of the institute's placement committee, declined to share names of the recruiters, he said, "We are having MNC banks, equity research houses and top international FMCG houses on campus this year. We have not lost out on any of the recruiters." In the past couple of years, JBIMS has attracted names such as Coca-Cola, ITC, P&G, JP Morgan, Deutsche Bank and ICICI Bank. The B-schools in Mumbai start their final placement process earlier than other institutes. The process starts off in most schools by December and ends by February. NMIMS has a strength of around 400 students, which includes 300 students for the full time MBA. The others are spread across specializations like banking and capital markets. Given the size of the batch, the institute is expected to take a longer than its peers to complete its summer placement process. The format adopted by SP Jain Institute of Management and Research is a little different. Its students work for NGOs at the end of the first year and go for autumn internships in the second year. This is between September and November with the class of 2010 currently in the midst of it.