Mumbai: The outgoing batch of 2018 of Shailesh J. Mehta School of Management, IIT Bombay has completed the summer placements on a high note with a top stipend of Rs. 2.80 lakh, a jump of 40% compared to last year. The average stipend for the batch rose to Rs. 1.19 lakh, witnessing an increase of 27% over the previous year.
The participating students bagged offers in the summer placements from 40 participating companies. With an enviable CAT cut-off set at 98.3 percentile, the batch has a healthy diversity. In view of the high standards, the batch has attracted many new recruiters and also bagged new profiles from existing recruiters. The new companies visiting the campus include marquee recruiters like Boehringer Ingelheim, Ocwen Financial Services, Pidilite, United Health Group and Whirlpool with profiles offered in General Management, Sales & Marketing, BFSI and Supply chain management.
True to its trend of close association with the FMCG sector, 29% of the batch has secured offers from the segment. The Consulting/IT sector dominated second with 22% of the batch securing offers in the sector. Manufacturing and BFSI stood third and fourth respectively followed by Healthcare and other sectors.
FMCG giants including 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. 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.
BFSI sector 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 & Research. Healthcare sector saw the participation of companies like Boehringer Ingleheim, Cochlear, Pharmeasy and United Health Group offering profiles in Supply chain management, Strategy , Sales & Marketing and General management.