Updated on Jan 09, 2025
Khushi
Placement Overview for SVKM's Narsee Monjee Institute of Management Studies (NMIMS)
Amongst India's top business schools, SVKM's Narsee Monjee Institute of Management Studies (NMIMS) in Mumbai stands for excellence in academic programs and a robust network of contacts in industry. The institute has constantly excelled in placing students into the most prestigious companies in all possible sectors, which, of course, speaks of the quality of education and the industry's faith in its graduates. Some outstanding achievements of the placement cell at NMIMS are observed from the Placement Report for the year 2023-24, based on remarkable placement statistics and trends.
Placement Highlights 2023-24
The placement season for the batch of 2023-24 at SVKM's Narsee Monjee Institute of Management Studies saw an excellent response from the recruiters. Key highlights from the placement season are as follows:
- Highest Salary: Highest salary offered during this placement season was INR 57.65 Lakhs per annum.
- The average salary: Compared with the previous years, it was highest for the batch with an average salary of INR 24.14 Lakhs per annum.
- Median Salary: The median salary was at INR 22.77 Lakhs per annum. The quality of placements, therefore, is consistent.
- Total Offers: More than 210 companies visited the campus for placement purposes and provided a total of 655 offers to the students.
- McKinsey & Company, Boston Consulting Group (BCG), Deloitte, Goldman Sachs, JP Morgan, HUL, ITC, and Reliance Industries were some of the top recruiters.
Sector-Wise Placement Breakdown
The offers made in various sectors by SVKM's Narsee Monjee Institute of Management Studies are quite diversified. For these, a sector-wise placements break-up is given below.
Consulting
Compared to the previous year, among all domains, the consulting sector continued to be the most sought-after field for graduates passing out of NMIMS. Among the top recruiting firms were those belonging to the consulting industry, such as McKinsey & Company, Boston Consulting Group, Deloitte, PwC, EY, KPMG, and Accenture. Strategy, management consulting, and operations formed the core roles offered by these consulting firms, translating to about 25% of the total offers.
Banking, Financial Services, and Insurance (BFSI)
The BFSI sector saw a lot of placements from major financial institutions and banks, so that adds up. Prominent recruiters in this sector included Goldman Sachs, JP Morgan, Morgan Stanley, ICICI Bank, HDFC Bank, Kotak Mahindra Bank, and Axis Bank. Roles included everything from investment banking and corporate finance to risk management and wealth management. The sector added up to approximately 20% in terms of placements.
Information Technology (IT) and Information Technology Enabled Services (ITES)
Another significant portion of the IT and ITES sector was formed by participation by the leading tech giants and IT services companies. The list for the companies included Google, Microsoft, Amazon, IBM, Infosys, TCS, Wipro, and Cognizant for the positions in product management, business analysis, IT consulting, and technology strategy. It comprised about 18% of the total offers.
FMCG and Consumer Durables
FMCG and consumer durables is another sector that attracted tremendous interest from students. Top companies like HUL, ITC, Nestle, PepsiCo, Coca-Cola, P&G, Marico, and Godrej Consumer Products continued to actively recruit for sales and marketing roles, brand management, supply chain management, and operations. This contributed about 15 percent to the entire placements.
Manufacturing and Conglomerates
Manufacturing industries and conglomerates also came as a major attraction within the placements with groups like Tata Group, Reliance Industries, Aditya Birla Group, Larsen & Toubro, Mahindra & Mahindra to name a few. The functions provided varied; they ranged from operations to project management, supply chain management, and business development. This category comprised 12% of the overall placements.
Healthcare and Pharmaceuticals
Major companies that visited this sector are from the healthcare and pharmaceuticals sector, such as Johnson & Johnson, Pfizer, Novartis, Dr. Reddy's Laboratories, and Cipla. It included deals in business development, sales and marketing, supply chain, and product management. This sector comprised approximately 5% of the total offers.
E-commerce and Retail
The e-commerce and retail space continued to hold everyone's attention as Amazon, Flipkart, Myntra, and Walmart hired many graduates in operations and supply chain management, marketing, and business development. This accounted for around 5% of the total placements.
Functional Area-Wise Placement Breakdown
The placement report also deems to provide a detailed analysis of the placement statistics across the functional areas:
General Management
General management profile was available with companies like Tata Administrative Services, Aditya Birla Group, Mahindra Leadership Program, and Reliance Industries. General management jobs are in high demand because they offer an overview of various business operations and doorways to general leadership.
Finance
The finance roles predominantly belonged to the BFSI sector but could also interest consulting firms and conglomerates. The investment banking, corporate finance, risk management, and wealth management roles were typical. Major recruiters included Goldman Sachs, JP Morgan, ICICI Bank, and Kotak Mahindra Bank.
Marketing and Sales
Marketing and sales were in high demand for all sectors FMCG, consumer durables, IT and e-commerce. HUL, ITC, PepsiCo, P&G, Google, and Amazon were among the companies recruiting the students for brand management, sales management, digital marketing, and product management.
Consulting
Top firms like McKinsey & Company, BCG, Deloitte, PwC, EY, and KPMG provided opportunities for students to join as consultants. In these consulting positions, students could focus on strategy consulting, management consulting, operations consulting, and IT consulting; several opportunities to work on projects with significant impact.
Operations and Supply Chain Management
Operations and supply chain management roles were open in most sectors, including manufacturing, FMCG, consumer durables, and e-commerce. Among some major recruiters were Flipkart, Amazon, HUL, and Reliance Industries hiring graduates to work in logistics, procurement, and strategy in the supply chain as well as in operations management.
Human Resources
Human resources roles were provided by companies in the IT, FMCG, consulting, and manufacturing sectors. The roles included talent acquisition, HR business partner, learning and development, and employee relations. A great deal of recruitment happened in these organizations-Infosys, TCS, HUL, and Deloitte.
Placement Process and Support
SVKM's Narsee Monjee Institute of Management Studies has an aptly designed placement process, so that the students are well prepared to face the corporate world challenges. The university placement cell itself extensively facilitates the placement process and involves itself in constant support towards students. Here are a few essential points of the placement process:
Pre-Placement Training
Substantial pre placement training is provided to the students at NMIMS, encompassing extensive workshops on resume building, interview preparation, group discussions, and soft skills. The ability of these workshops to equip the students with background knowledge is further augmented by industry experts and alumni acquainting them with the corporate world and increasing their employability quotient.
Corporate Engagement
The university maintains close ties with almost all the companies present across various industry segments, which means there are frequent corporate interfaces. Such interactions can be in the form of guest lectures, visits to industries, internships, live projects, and networking. Such interactions help students connect with the trends and best practices prevalent in the current industries and establish professional connections.
Placement Drives
A placement cell organizes placement drives in which the companies visit campus to conduct their recruiting process. All these drives have involved pre-placement talks, aptitude tests, group discussions, and personal interviews. Placement Cell ensures smooth coordination of placements, offers logistical and procedural support, as well as guidance to both students and recruiters.
Alumni Support
NMIMS boasts a very strong alumni network, and the alumni support placement processes. They offer students pre-placement training, industry insights, and mentoring. Their contribution is very enriching towards the placement process. It greatly assists the students in formulating the right kind of moves for their career.
Alumni
- John Abraham - Popular Indian actor, model, and film producer. He has acted in a number of massive hits of Bollywood such as Dhoom, Garam Masala, and Race 2.
- Aruna Jayanthi - Managing Director Business Services, Capgemini Asia Pacific and Latin America She was ranked as one of India's most powerful women in business by Fortune India1.
- Vikas Bahl - He is a film director and producer who has helmed some critically acclaimed films including Queen and Super 30. He has won several accolades that include National Film Awards and Filmfare Awards.
- Avani Davda - She is the MD of Nature's Basket, an Indian retail chain store. With great leadership, she has taken the company to unprecedented heights of success in the field.
- Paresh Rawal - Veteran actor in Indian cinema, with significant roles in films like Wazir, OMG - Oh My God!, and Hera Pheri.
- Denna Mehta - Renowned business leader and entrepreneur; notable contributions in the corporate world.
All these alumni have made a great difference in their respective fields and still inspire students and graduates who are currently studying or have already passed out from NMIMS.
Conclusion
Indeed, a record placement with excellent companies for the batch of 2023-24 is testimony to the quality education imparted and excellent industry ties on campus by SVKM's Narsee Monjee Institute of Management Studies. With some of the most prestigious companies participating in the recruitment process and offering attractive salary packages, NMIMS remains one of the most sort after destinations for aspiring business professionals. Such variety of sectors and roles included in placements highlights adaptability and readiness of graduates from NMIMS to bring about success in a broad-based spectrum of industries.
The two principles that will underpin the administration will be the structured and supportive placement process, the extended corporate engagements, and a robust alumni network playing an critical role in ensuring the success of its students securing promising career opportunities. Totally devoted to excellence in all ways possible, NMIMS has hoped and aspired through the years to continue equipping its students with the required knowledge, skills, and experiences needed to succeed in this dynamic, fiercely competitive, and global business world.
