MUMBAI: Brushing aside fears of a possible economic slowdown, students of a leading management institute here have managed to bag 100% summer internship placements.
Though experts believe that this cannot be indicative of the final placements, the outlook looks positive. Jamnalal Bajaj Institute of Management Studies (JBIMS) saw 79 companies participating in the placement process this year, which was almost the same as last year's tally of 78. The highest cumulative stipend in a domestic firm went up from Rs1.5lakhlast year to Rs 2 lakh this year.
The summer placements, which came to an end this week attheinstitute,saw companies offering diverse job profiles to students. The companies that visited the campus included those in sectors like real estate consultancy and carbon consultancy , which haven't had much of a representation earlier.
"While the student intake per company has marginally gonedown ascomparedtolast year, we have ensured that all our pupils are placed. The highest domestic stipend for summer internship is Rs 2 lakh , which is remarkable," said C R Chavan, placement coordinator. Even the average domestic stipend on the campus has gone up from Rs 72,000 to Rs 89,000 this year.
"While the figures are not indicative of the final placements , the outlook certainly looks positive. Students have managed to bag profiles in carbon consultancy , which is an upcoming sector ," said Chavan.
While most institutes will begin their summer placements in November, some have already started the process. One of them, Narsee Monjee Institute of Management Studies has seen a good response from companies. "The summer placements are better compared to last year. Our process is still on and will go on till January," said an official from the placement office.
According to Rakesh Singh , director of Durgadevi Saraf Institute of Management Studies, Malad, which is yet to start the summer placement process, the finance sector may be affected if the market slows down. "However, it is too early to predict the trend," he added.
Source: Times of India