How good it is to get your Masters done without much investment and getting exceptional return on! Yes we are talking about Jamnalal Bajaj Institute of Management Studies (JBIMS);-one of the prestigious B-schools in India situated at the heart of Mumbai. JBIMS was established in the year 1965 and is a part of the Mumbai University offering MMS degree. The wow factor about this college is the course fees and the benefits derived from it.
What makes JBIMS so popular?
Strong Alumni Base
JBIMS brags a notable alumni base and is often referred as the "CEO factory of India". Some of the alumni are:-
- Vinita Bali, Managing Director of Britannia
- Lalita D. Gupte, Chairperson ICICI Venture Funds Management Company
- Siddharth Roy Kapur, CEO of UTV Motion Pictures, 1997
- Chanda Kochhar, Managing Director & CEO, ICICI Bank, India
- Uday Kotak, Chairman and Managing Director, Kotak Mahindra Bank, India
- Suresh Kumar, Assistant Commerce Secretary for Trade Promotion and Director-General of
- the U.S. Foreign Commercial Service
- Harish Manwani, Global COO, Unilever PLC
- Nitin Paranjpe, CEO and Managing Director, Hindustan Unilever Ltd.
- Ajay Piramal, Chairman, Piramal Group
The alumni keep visiting the campus for guest lectures and preparing the students for the future responsibilities.
Every year JBIMS climbs up the ladder in terms of achieving excellence. The Median CTC went upto Rs 20.13 Lacs per annum for the year 2019 batch as compared to Rs 18.91 Lacs per annum of the former batch.
Many top recruiters visit the campus for placements such as Deloitte, Abbott, Aditya Birla Group, Capgemini, Citibank, Goldman Sachs, HSBC, HUL, ICICI Bank, JPMorgan Chase & Co., JSW, McKinsey & Company, etc.
Top job roles offered:
Consultant, general manager, risk manager, sales manager and brand manager in various sectors.
Stipend for internship:
JBIMS achieved a milestone as the highest stipend offered in the summer internship that was as high as Rs 5.67 Lacs for the batch of 2019. The mean stipend increased by -8% and the median stipend increased by 18% for the batch of 2019 as compared to the previous year. BFSI Sector has remained the biggest recruiter in the past years.
|Class of 2019||Class of 2018|
|Highest Salary||32 Lakhs per annum||30 Lakhs per annum|
|Median Salary||20.13 Lakhs per annum||18.91 Lakhs per annum|
|Number of PPOs||67||63|
JBIMS is the 3rd oldest B-school of the country. The College is a single Red Block building offering well equipped facilities, such as WIFI and AC classrooms. It has Libraries and Digital Libraries consisting 40K+books for the students. Canteens and Hostels facilities are also provided to the students.
One gets a chance to interact and learn from the extremely talented faculty most of them having a background of corporate experience. Because of the location, it also attracts many renowned industrialists to deliver guest lectures. Doing a post-graduation from JBIMS is absolutely valuable and imbibes the best of management studies.
The applying candidates need to appear and clear a management test conducted by the institute. It also accepts students from CAT and MAHCET exams. However, the accepted entrance exams varies and can be more than two.
|Academic year||Acceptable entrance exams|
|2015-16||MAHCET and CAT|
|2016-17||MAHCET, CAT, CMAT, XAT, MAT, ATMA|
|2017-18||MAHCET, CAT, CMAT, XAT, MAT, ATMA|
|2018-19||MAHCET, CAT, CMAT|
The course fees of JBIMS is roughly 6 Lakhs for two years which is comparatively lesser than many other B-schools. For part-time, the course fee is Rs. 51,000.