NMIMS Mumbai Summer Placements report over 20% increase in the average stipend

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NMIMS Mumbai, one of the Top 10 B-schools of the country completed the Summer Placements for the students of Flagship MBA Core & MBA HR 2016-18 batch. A total of 605 students were selected by 184 companies & were placed in a record time.

Offers were made to the students of Flagship MBA Program by loyal recruiters such as Abbott, Agrotech, Asian Paints, Arcesium, Bain Capability Center, Britannia, Capgemini, Castrol, Cognizant Business Consulting, CRISIL, Deloitte, DE Shaw, DBS Bank, Dabur, General Electric, Goldman Sachs, Google, Henkel, Hero Motocorp, HUL, HT Media, IBM, ICICI Group, Idea Cellular, ITC, JLT, JP Morgan, KPMG, L&T, Mahindra & Mahindra, Marico, Maersk, Microsoft, Nivea, Nomura, Pidilite, Perfetti Van Mille, PwC, RBL, RIL, Shopclues, Titan, UB Group, Vodafone, Whirlpool, Wipro and several others. The average stipend rose to INR 1,02,000 up by 20.7% compared to that of last year while the average of top 100 students stood at INR 1,81,474. The highest stipend was INR 3,00,000, up by 50% from the highest stipend last year..

The average for the MBA HR Program stood at INR 77,230 & the highest at INR 1,60,000 where in marquee names like Akzonobel, Arcesium, Bharti Axa, Cummins, Deloitte, Hero Motocorp, Genpact, Honeywell, IBM, ICICI Bank, Idea, JLT, L&T, Lava, Marsh Insurance, Mercer, Pernod Ricard, Pidilite, Piramal, Puma, Raymond, Salto Dee Fe, Siemens, Whirlpool, Wipro participated.

From among the 184 companies that participated, 89 were new names. 3M, Aditya Birla Nuvo, AkzoNobel, Amway, Bharti AXA General Insurance, Bosch, Philips Lighting, PepsiCo, Pernod Ricard, FedEx, Future Group, Shell, Freecharge, Droom, Red Bull GmbH, Siemens, Marsh India, DSP Blackrock, Mercer, MCX, Bank of America Merill Lynch, Invesco, Turner International, Sun Pharma and Yes Bank were some of the new recruiters this year.

The students are buoyant after securing the offers and are looking forward to a fruitful internship experience. Top BFSI companies like Goldman Sachs, JP Morgan, CRISIL, Credit Suisse, Yes Bank, SBI Capital Markets offered coveted roles in profiles like Investment Banking, Equity Research, Securities, Private Equity Analysis, Corporate Treasury, Credit Risk, Market Risk, Financial Research, Foreign Exchange Hedging and Corporate Finance. FMCG – NMIMS Mumbai’s forte saw leading names like Asian Paints, Britannia, Dabur, ITC, Marico, Nivea, PepsiCo, Pernod Ricard, Pidilite and several others recruit interns in large numbers across profiles in Sales & Marketing, Finance, Operations, General Management and HR. NMIMS Mumbai which offers several electives in the Media space saw recruiters like HT Media, Turner International, GroupM, Thomson Reuters picked up students in good numbers across diverse profiles.

With about 42% of the batch (248 students) getting recognized through PPO’s/PPI’s for their exceptional performance during summer internships 2016 & various competitions, it is expected that this count will surpass in the coming season.

The campus is upbeat with the stellar Summer Placements and has earned accolades for the performance of interns the previous year through several best intern awards from companies like Britannia, Cognizant Business Consulting, Lenevo, L&T, Loginext, Marico, Merck MSD, Pidilite, Siemens and several others.

Dr. Debashis Sanyal, Vice Provost, Management Education & Dean (SBM) remarked, “We have completed Summer Placements in a record time with a good number of new recruiters and a greater faith from our loyal recruiters. Some of the leading names in BFSI, FMCG and Consulting have picked up the highest numbers of interns from NMIMS Mumbai and this is a testimony to the great talent pool that the B-School has to offer to the industry”.