SJMSOM-IIT Bombay MBA Placement 2023: Records 100% Placement with 11% Rise in Average Salary

New Delhi: Shailesh J.Mehta School of Management (SJMSOM), IIT Bombay has successfully concluded its Final Placement 2023 for its MBA 2021-23 batch with 11% increase in average salary, which rose up at INR 28.88 LPA. 

During the SJMSOM-IIT Bombay Placements, the highest salary was increased to INR 54 LPA from INR 49 LPA last year, while the average salary for SJMSOM Placement 2023 rose upto INR 28.88 LPA from INR 25.93 LPA.

With 100% placements in SJMSOM IIT Bombay Placement Season 2023, the institute has recorded female students receiving the highest salary while the average salary for female students was higher than the average salary for the overall batch.

Expressing his happiness and commenting on the MBA placement highlights, Prof S N Rao, Head, SJMSOM IIT Bombay, said that the reputation of SJMSOM, IIT Bombay, as one of the best business schools in India has once again been reaffirmed by the industry with 100% placement. 

The management school’s pedagogy and environment has assisted the MBA students perform to the best of their abilities. The institute's curriculum leverages the student’s vast depth of knowledge and their unique perspective, thereby instilling divergent opinions in oneself, Rao said. 

SJMSOM IIT Bombay MBA Placement 2023: Highlights

SJMSoM IIT Bombay Placements 2023: Key Trends

SJMSoM IIT Bombay has a consistent record of 100% placements over the years. Some of the key Placement Trends for MBA 2021-23 batch are as follows:

• There was a substantial increase in Average salary over the years with 100% placements
• Average salary was recorded 11% increase in Placement 2023
• Highest Salary at INR 54 LPA offered to Female student
• Average salary for female students at INR 29.35 LPA is higher than for overall batch
• Lowest salary for female student at INR 23.50 LPA was higher the overall lowest salary for the batch at INR 20 LPA 

SJMSOM-IIT Bombay MBA Placement 2023: Top Recruiters 

SJMSOM witnessed renowned recruiters from a variety of industries. Students at SJMSoM received lucrative job iffers from a range of industries, including BFSI, conglomerates, consulting, e-commerce, FMCG/FMCD, and IT/ITeS. The most sought-after positions in Investment Banking, Management Consulting, Product Management, and Strategy, among others, were bagged by students. 

Along with numerous new recruiters who took part in the placement season this year, the legacy recruiters' confidence in the organisation was strengthened. Prominent recruiters, including many Fortune 500 firms, were present at SJMSoM. Accenture, Amazon, EXL Analytics, Google, HCL Tech, Wipro, Deloitte USI, GEP, IBM Consulting, Nation with Namo, PwC US Advisory, Quintics, DBS Bank, Edelweiss Alternative Asset Advisors, Fullerton India, ICICI Bank, Indus Valley Partners, JP Morgan Chase & Co., Nomura, Yes Bank, Asian Paints, Atomberg, Colgate Palmolive, Diageo, HUL, etc are notable employers in SJMSOM Placement 2023.

Further, ITC, Kimberly Clark, Marico, Mondelēz International, P&G, Reckitt, Tata Consumers Products Ltd, ABFRL, Adani Group, Cargill, Reliance Industries Ltd., Games24x7, Landmark Group, PlaySimple Games, Rebel Foods, Reliance Jio, Sobha Realty, Sun Pharma among others were the prominent recruiters in SJMSoM MBA Placements 2023. 

SJMSOM-IIT Bombay MBA Placement 2023: New Recruiters 

Some of the new recruiters include ABFRL, Adani Group, Atomberg, Cargill, DBS Bank, Diageo, Edelweiss Alternative Asset Advisors, Fullerton India, Games24x7, Google, HCLTech, HUL, IBM Consulting, ITC, Landmark Group, Nation with Namo, Reckitt, Reliance Jio, and Sobha Realty.

SJMSOM-IIT Bombay MBA Placement 2023: Batch Profile

Top graduates in the country continue to choose SJMSOM, IIT Bombay, and the batch profile for 2021–23 reinstates the same. SJMSOM offers MBA programmes to graduates of ilTs, NITs, BITS Pilani, and other reputable institutions.

With an average work experience of 19 months from some of the top companies in a variety of profiles like Analytics, Consulting, IT, Operations, and Sales & Marketing, the class of 2023 is a mix of recent graduates, professionals, and aspiring entrepreneurs.

SJMSOM-IIT Bombay MBA Placement 2023: Work Experience

As per the placement reports, the average work experience of the MBA batch was 19 months and it ranged from less than one year to more than 36 months. Tabulated below shows the percentage of students with varied duration of work experience:

SJMSOM-IIT Bombay MBA Placement 2023: Sectoral Placement Highlights

The top recruiting sector during the placement was FMCG/FMCD, and Conglomerate, who contributed the 48% students getting placements. Tabulated below illustrates the sectoral placement highlights and top recruiters in respective sector: 

Sharing his happiness, Prof. Mayank Pareek, Faculty Coordinator, SJMSoM, IIT Bombay, stated that the 100% placements for the class of MBA 2021-23 has given immense joy to him. The students were offered positions in highly sought-after profiles by eminent companies across different industries. 

In order to give the corporate a wide range of options for their convenience, the complete placement process was carried out in a hybrid manner. Even with the change in business, the companies made a lot of offers because of the students' expertise and knowledge in their respective fields. 

Meanwhile, SJMSOM, IIT Bombay, remains as the top option for recruiters, and even many new recruiters participated during the MBA recruitment process.

Read More:

• SJMSOM-IIT Bombay Admission 2023
• SJMSOM IIT Bombay Courses 2023 

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