Highest stipend at IIT-B sees 40% jump; average up 27%
17 Mar 2017
The highest stipend for summer placement at Indian Institute of Technology-Bombay's Shailesh J Mehta School of Management witnessed a 40 per cent jump compared to last year and the average stipend saw a 27 per cent rise. On an average, the batch received Rs1.19 lakh and the top stipend received was Rs2.80 lakh.
Around 40 companies participated and about 29 per cent of students were hired by companies from the fast moving consumer goods (FMCG) sector, including Asian Paints, Colgate-Palmolive, Johnson & Johnson and P&G.
The consulting / information technology sector gave offers to 22 per cent of the batch. Manufacturing and the banking, financial services and insurance (BFSI) sector stood third and fourth respectively followed by healthcare and other sectors.
Consulting / IT majors like Accenture, Capgemini, Tata Motors and Wipro offered roles in procurement consulting and technology consulting. Profiles in operations and marketing were offered by manufacturing firms like Whirlpool and Tata Motors.
Firms in BFSI - Goldman Sachs, ICICI, YES Bank - offered roles in investment management, relationship banking, risk management. New firms visiting the school - Boehringer Ingelheim, Ocwen Financial Services, Pidilite, United Health Group and Whirlpool offered roles in general management, sales and marketing.