Jamnalal Bajaj Institute of Management Studies, Mumbai

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Jamnalal Bajaj Institute of Management Studies, Mumbai

Introduction

Jamnalal Bajaj Institute of Management Studies (JBIMS) is one of India's premier business schools. Since its inception, JBIMS has continuously raised the bar for management education in the country through a formidable combination of its faculty and alumni.
The institute has a rich heritage of over 40 years, with the likes of Mr. Ajay Piramal, Mr. Uday Kotak, and Ms. Chanda Kochhar, being some of the prominent alumni. The institute is characterized by a strong student driven culture wherein everything is managed by and for the students.
A unique aspect of JBIMS is the large number of visiting faculty comprising industry stalwarts, in addition to the permanent faculty. This unique combination ensures that the students acquire a strong theoretical base combined with a pragmatic view on the relevance of theory to modern industrial practices. The visiting faculties at JBIMS are experts from various fields who are involved in business and bring their rich experience to the classroom. There is a significant emphasis on the student imbibing a flair for decision-making in the corporate scenario.
A combination of student driven management and a large base of visiting faculty has ensured the dynamism and flexibility required to keep its students at the forefront of educational change. The students at JBIMS have a deep understanding of being independent in an environment of "inter dependence".
Programs Offered
The institute provides full-time and part-time courses as well as a host of other programs.
1. Masters in Management Studies (MMS)
The intake for the MMS program is 120 students. The MMS degree course is conducted on a semester basis with four semesters spread over two academic years. It encompasses the concepts on general management in the first year followed by a specialization in finance, marketing, human resources, operations or systems as per the student's preference in the second year.
Eligibility
A candidate who has either passed with minimum 50% of marks in the aggregate (45% in case of candidates domiciled in Maharashtra and belonging to the Reserved Categories) or appeared at the Final Year Examination of a post 10 + 2 course of minimum three years duration leading to an award of a Bachelor's Degree, in any discipline of a Statutory University in India (so recognized by the Association of Indian Universities) or has passed with minimum 50% of marks in the aggregate (45% in case of candidates domiciled in Maharashtra and belonging to the Reserved Categories ) or appeared at an examination considered equivalent thereto would be treated as eligible for Common Entrance Test (CET).
Admission Process
Admission to the institute is a three step process comprising of the Common Entrance Test (CET), Group Discussion and Personal Interview. The CET is a test of general aptitude in areas of verbal ability, logical reasoning, visual reasoning and mathematical aptitude. It is generally held on the last Sunday of February every year. Outside Maharashtra State (OMS) candidates may submit their CAT / JMET / MAT / ATMA / XAT scores for seeking admission to MMS under the University of Mumbai. The test results are declared in April-May followed by Group Discussions and Personal Interviews in June. The term usually starts in August.
2. Three-Year Part-Time Programs
The three-year part time programs are meant for executives who want to pursue higher studies and work simultaneously. The part time programs offered are:
• Masters in Marketing Management (MMM)
• Masters in Human Resource Management (MHRDM)
• Masters in Financial Management (MFM)
• Masters in Information Management (MIM)
The objective of these programmes is to prepare executives for top-level positions in public or private sector organizations by exposing them to a wide range of relevant areas.
Eligibility
To be eligible, a candidate must have:
• Passed a Bachelor's degree examination in any faculty of Mumbai University or an examination recognized by the University as equivalent thereto
• Passed the Graduate Examination in Industrial Engineering. Mumbai and who have subsequently qualified in the G A T E examination conducted by Government of India through I.I.T. will be considered eligible for admission to the Part time degree courses
• Acquired a minimum two years work experience (Supervisory / Executive), the experience being counted from the day subsequent to the last day of the qualifying examination passed by the candidate
Admission Process
All candidates satisfying the eligibility criteria have to appear for a Common Written Test (CWT), followed by a Group Discussion (GD). The CWT is a multiple-choice objective test evaluating the aptitude in verbal ability, quantitative aptitude, logic, visual reasoning, reading comprehension and data interpretation. The candidate is evaluated based on his performance in both the Common Written Test and Group Discussion.
3. Other Programs
The institute also offers a doctoral program in management. PG diploma in management studies for officers of the Indian Navy, in association with the Naval Warfare Institute and a Certificate Programme in Capital Markets (CPCM) in association with BSE, are some of the other courses offered at the institute
Infrastructure at JBIMS
Auditorium
The auditorium has been named after the first director of JBIMS, Dr. K.S. Basu. With a seating capacity of 150 persons, the auditorium is regularly used for corporate guest lectures, workshops, paper presentations and pre-placement talks.
Library
Equipped with close to 40,000 books in addition to thousands of journals, the JBIMS library is reckoned as one of the best. Both students and corporates have the best possible research material including the latest writings of management gurus, popular management texts, classical books on management and much more at their disposal. The library has 62 Foreign, 46 Indian and 21 Exchange journals. The library also offers Corporate Memberships, Inter-Library Loans and Reference Services.
Wi-Fi
JBIMS students enjoy 24 X 7 wireless connectivity to the Internet, thanks to a 256 Mbps Wireless Fidelity facility.
Computer Centre
The computer centre is equipped with Pentium based workstations with a wide variety of installed software comprising statistical and analytical packages, project management software, and business environmental simulation software amongst others. Twenty-four hour Internet connectivity provides seamless access to various data sources and tools to aid research.
Class of 1976
This is a state-of-the-art training center, set up with assistance from the batch of 1976, well equipped with technology necessary for a high quality educational experience.
Hostel
Although a non-residential program, two boys' hostels are located at walking distance from the institute. The hostels are run by the University of Mumbai and accommodation is reserved for students of JBIMS along with students from other institutes affiliated to the University of Mumbai.
Canteen
The JBIMS canteen is very popular eating-place amongst students and nearby corporates. It is a place where students also relax and discuss important issues over a cup of tea and snacks.
Committees
The student committees are the nerve centres of the college. The decisions taken by the committees play a very important role in the day-to-day running of the institute. The committees function in an environment of interdependence to achieve goals that result in overall student development. The emphasis here is on giving the students a taste of decision-making in teams under challenging circumstances. This conditions them to think on their feet, take risks and have a clear, goal-oriented outlook towards situations.
The committees comprise of students elected by the batch. The committees act as facilitators in their respective functions. The JBIMS committee elections are reputed for being highly democratic and transparent. Each committee consists of students from both the junior and the senior batch. Every year new members are inducted from the junior batch under the leadership of the senior members. They are then expected to take the mantle and continue to set higher standards for their committees through greater achievements. The committee structure instills a spirit of time management and commitment within the students who are expected to juggle academics, committee work and extracurricular activities simultaneously.
Placement Committee
Affectionately known as the PlaceCom amongst the students, this committee is in charge of managing the summer and executive placements of the full time program. The PlaceCom strives to shape a better future for the 120 students through regular interaction and feedback about their interests in various sectors on one hand and continuously building relationships with recruiters on the other. Flawlessly coordinating the entire gamut of placements right from summer internships, off-summer opportunities to pre-placement talks and executive placements is the hallmark of PlaceCom.
Alumni Committee
The strength of JBIMS lies, inter alia, in the Alumni base, which engenders a harmonious co-existence of traditional excellence with modern managerial acumen. The splendour and glory of their sterling achievements contribute to the brand name of JBIMS and constantly inspires the current students to scale greater heights.
JBIMS has a rich heritage of Alumni which features prominent names like:
• Mr. Ajay Piramal - Chairman, Nicholas Piramal India Ltd.
• Mr. Uday Kotak - MD, Kotak Mahindra Bank
• Mr. Harish Manwani - Non-Executive Chairman, Unilever
• Ms. Vinita Bali - CEO, Britannia
• Ms. Chanda Kochhar - Executive Director, ICICI Bank
• Ms. Lalita Gupte - DMD, ICICI
• Mr. Sam Balsara - MD, Madison DMB&B
• Mr. Sam Dastoor - MD, Times Of India
• Mr. Mani Ratnam - Filmmaker
• Mr. Sanjay Lalbhai - MD, Arvind Mills
• Mr. Prem Mehta - CEO, Amirati Puris Lintas
• Mr. Pradeep Pant - MD, Gillette
• Mr. Mani Rathnam - Film Director
The AlCom maintains relationships with close to 2500 alumni. The annual alumni meet - "Nostalgia" is an opportunity for our alumni to reunite and reconnect with their alma mater, which is continuously evolving to scale greater heights.
The AlCom also manages a corporate mentorship program wherein each student is assigned a corporate mentor. The corporate mentor will help the students map his future decisions in relation to his aims and goals on a one to one basis. In addition to this the Alumni Committee also maintains an alumni directory.
Corporate Relations Committee
The CRC is the corporate and media interface of the institute. It bridges the gap between the corporate practices and the theory imbibed by the students through regular guest lectures in specialized fields, workshops and career guidance. This enables the students to get a deeper insight into industry practices and provides the corporates an opportunity to get a "feel" of the students' perspectives.
The CRC also acts as the media cell of the institute through constant interaction with media houses. It highlights the talents of the students, be it in the form of students giving their opinion about the budget on television channels, writing articles for MBA aspirants, or participating in contemporary case study discussions for the print media. The CRC also liaises with the media for B school rankings, placements coverage and coverage of various events at the institute.
Strategym Committee
Strategym is the annual business convention of JBIMS, which provides a platform to its students to present their perspectives on evolutionary management disciplines. Strategym, since its inception in 1995 has provided a cutting edge to business through innovative ideas and solutions in the unexplored areas of management. The fresh and innovative perspectives of youth are congregated with the expertise and experience of luminaries of the corporate world.
The papers presented at the convention focus on the current industry problems and spawn innovative solutions. The papers go through a stringent screening before being presented at Strategym where they are adjudged by prominent faculty members and invited industry experts. Each of these presentations is followed by a panel discussion; the panel, consisting of industry stalwarts, who provide an in-depth perspective on the ideas presented. The modules are then brought to their logical conclusion by an interactive session between the presenters, panelists and the audience.
Web Committee
The WebCom is the IT interface of the institute. It maintains the institute and alumni websites thus creating a window for the outside world to the regular events taking place at JBIMS. The services provided go beyond the physical IT infrastructure as the WebCom ensures continuous electronic interaction between students, committees, faculty, corporate and alumni. The WebCom also conducts online management games like "Bulls eye" an intra-collegiate Mock Stock Exchange game.
Catalyst Forum
The inter b-school interface of JBIMS, the Catalyst Forum manages the extra curricular activities of the college. These include participation in case studies, quizzes, business plans, etc., held by other institutes. Catalyst also organizes grooming and personality development sessions for the students through regular group discussions, interviews, etc.
The activities of Catalyst focus on making the student implement what he/she has learnt in theory thus exposing the student to the real life scenario. However the events organized by Catalyst, which the students look forward to most, are the Freshers' and Farewell parties that they arrange!!!
In March 2006, Catalyst forum organized 'Prayaag' the first ever inter-b-school event of JBIMS. It was held for the second time in October 2006 and is an annual event now.
Entrepreneurship Cell
The E-Cell is an initiative of the batch of 2004-06 under the leadership of Prof. Arun Sehgal who is an expert in international business. The E-Cell has been formed in conjunction with the National Entrepreneurship Network (NEN). The "Rainmakers", as the E-Cell calls itself, recognizes the essence of wealth creation through initiative. Rainmakers was formed with the desire to rekindle the spirit of entrepreneurship and instill in the students, the confidence to follow their dreams. It is an effort to dispel the idea that it is almost an impossible task in this country to become an entrepreneur. The cell holds a series of guest lectures by entrepreneurs - to educate the students about the qualities and resources required to become an entrepreneur in the real world.
Placements 2006
If placements are any indication of an institute's recognition and success in the corporate world, then one doesn't need a bigger evidence of the supremacy of Jamnalal Bajaj Institute of Management Studies, which has had 4 decades of an impressive track record of translating dreams into destiny. Placements at JBIMS in 2006 have once again reaffirmed the faith that its widespread alumni and the industry have in the institute's capability to churn out superior intellectual capital.
The highest salary offered on campus was 14 Lacs p.a., which is a huge jump from the highest salary of 9.35 lacs p.a. offered last year. The average salary was 8.17 lacs p.a., again a whopping increase compared to the average of 7.04 lacs p.a. last year. The median salary was 8.25 lacs p.a.
The Who's who of India Inc including McKinsey & Co, Accenture Management Consulting, TSMG, Bristlecone Consulting, IBM Consulting, HLL, Colgate Palmolive, ITC, Britannia, Perfetti, Dabur, Godrej Industries, Citibank, HSBC Bank, Standard Chartered Bank, ICICI Bank, Kotak Mahindra Bank, SBI, UTI Bank, ING Vysya Bank, SBI Capital Markets, IDFC, J P Morgan Chase, Adventity, Fractal Analytics. Hewlett Packard, Intel Corporation, Wipro, Infosys, TCS, Patni, MBT, Johnson & Johnson Medical, Bharti tele-ventures, ICICI Prudential, ICICI Lombard, Hindustan Times, Dupont and many more queued up to lay their hands on the "leaders of tomorrow".
Here's a snapshot of Final Placements for the Batch of 2006:
• Mc Kinsey & Co. recruited 2 students
• Sandstone Capital, a Hedge Fund made 1 offer
• Millionaires Club - More than 10% of the batch will start off with a 7 figure salary
• Banking and Financial Institutions alone recruited 37% of the batch, with 51% of the Finance batch getting their dream profiles in this sector
• Sunrise sectors like Aviation, Insurance and Media saw significant representation on campus
• Intel Corporation, Dupont, IDFC, Bristlecone, Adventity, ING Vysya Bank, Hindustan Times, were first time recruiters at JBIMS
• ICICI Bank emerged as the biggest recruiter making 10 offers in all
• Standard Chartered Bank made 7 offers including 2 PPO's
• 12% of the batch had already secured Pre Placements Offers and hence were not available for the companies
• Students showed preference for profiles over salary, a trend prevalent last year as well
• 7 students got lateral placements from companies like Intel Corporation, Johnson & Johnson Medical, IBM Consulting, Godrej Industries and Infosys Technologies, among others
Here's the story, sector-wise:
Consulting
Consulting returned with a bang with Mc Kinsey & Co. recruiting 2 students. The sector saw a rise in the percentage intake with 10 students getting into the crème-de-la-crème of consulting companies.
• Mc Kinsey & Co, the world's largest consultancy firm recruited 2 students
• Accenture Management Consulting made 3 offers while Tata Strategic Management Group and Bristlecone Consulting made 1 offer each
• IBM recruited 3 students for its Business Consulting Services practice
• Banking & Financial Institutions
JBIMS is traditionally known to be the hunting ground for top-notch banking and financial services stalwarts. Banking and Financial Institutions continue to be the biggest recruiters, in congruence with the student's preferences recruiting 37% of the batch of 2006.
• Sandstone Capital with its lone offer marked the entry of Hedge Funds at JBIMS
• ICICI Bank made a total of 10 offers
• Standard Chartered Bank made a total of 7 offers, including 2 PPO's
• The unassailable bond which JBIMS has with Citibank was further consolidated with the latter extending 2 PPI's and making 2 final offers on campus for its coveted 'Management Associate" Program
• HSBC bank which returned to campus after a year, made a total of 3 offers
• IDFC made its debut on campus and made 2 offers for niche profiles
• ING Vysya Bank visited campus for the first time and made 1 offer
• UTI Bank recruited 5 students
• ICICI Lombard, ICICI Prudential turned out to be big recruiters on campus
Other regular recruiters included State Bank of India, Kotak Mahindra Bank among many others.
FMCG
The FMCG sector was well represented by regulars like HLL, ITC, Colgate Palmolive, Britannia, Dabur, and Godrej among many others.
• HLL recruited 1 student for its Business Leadership Training Program
• Coca Cola made 1 Pre Placement Offer
• ITC made 2 offers to the Marketing Batch
• Colgate Palmolive made 1 offer
• Britannia made 1 offer in Sales & Marketing
• Dabur, the fastest growing FMCG company, recruited 2 students
• Perfetti returned to campus after a considerable gap and recruited 1 student
IT
HP, Intel Corporation, Wipro, Infosys, TCS, MBT, Patni - all the big names in the IT sector were a part of the placement process.
Others
Others included sunrise sectors like Pharma, Aviation, Media and companies like Titan, Dupont.
• Dr. Reddy's made a Pre Placement Offer to the only doctor in the batch
• Johnson & Johnson Medical made a lateral offer
• Air India recruited 2 students from JBIMS offering 12.35 Lacs p.a.
• Hindustan Times recruited 2 students to fuel its future growth in new businesses
• Dupont in its first visit to campus made 1 offer

Contact Details
Jamnalal Bajaj Institue of Management Studies,
Backbay Reclamation,
Mumbai - 400020,
Phone: +91-22-22024133 / 22024118 / 22025153
Website: www.jbims.edu