SJMSOM-IIT Bombay MBA Placement 2024: 100% Placement Complete but Average Salary Dips by 3%; Accenture, Amazon, Deloitte Top Recruiters

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SK Aggarwal
SK Aggarwal
Editor, MBAUniverse.com
Updated on May 8, 2024
SJMSOM – IIT Bombay has completed MBA Placement 2024 achieving yet again 100% placements with 33% rise in highest salary and marginal dip of 3% in average salary despite the challenging Economic scenario. While the highest salary has gone up at Rs.72 LPA from Rs.54 LPA, average salary has gone down from 28.88 LPA to Rs.28.01 LPA. Accenture, Deloitte, PwC, Amazon among others were the prominent recruiters
IIT Bombay MBA Final Placement 2024

Shailesh J.Mehta School of Management (SJMSOM) – IIT Bombay has completed Final Placement 2024 for its MBA 2022-24 batch with 33% increase in highest salary but registering 3% dip in average salary. While Highest Salary has gone up at Rs.72 LPA from Rs.54 LPA, the Average salary in SJMSOM Placement 2024 has down at Rs.28.01 LPA from Rs.28.88 LPA last year. SJMSOM IIT Bombay has again achieved 100% placements for its MBA 2022-24 batch and this year too, average salary for female students is higher than the average salary of male students.

The two-year MBA at SJMSOM-IIT Bombay is a full-time residential course for graduates from all disciplines wishing to choose a career in management. SJMSoM IIT Bombay was recently ranked #10 in the Govt of India, MHRD NIRF Ranking 2023 among top 125 management institutes in India.

Sharing the SJMSOM IIT Bombay placement 2024 highlights, Prof. S.V.D. Nageswara Rao, Head, SJMSOM IIT Bombay said, “The school has firmly established itself as one of the top B-schools in the country, and the average CTC of Rs.28.01 lakh and 47% of the batch receiving PPOs is reflective of the same. The successful placement season is a reflection of the curriculum and the training of our students.”” 

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SJMSOM IIT Bombay MBA Placement 2024: Key Highlights

  • Achieves 100% Placement for MBA 2022-24 batch
  • Highest salary goes up by 33% at Rs. 72 LPA in 2024 from Rs.54 LPA last year
  • Average Salary dips by 3% at Rs.28.01 LPA in 2024 from Rs.28.88 LPA last year
  • Median Salary increased to Rs.26.73 LPA from Rs.26.64 LPA last year
  • Batch size: 115 Students
  • Total Recruiters: 48
  • 47% Batch received PPOs
  • Average salary for female students: Rs.29.31 LPA
  • Average work experience of the batch: 22 months
  • Top Recruiting domains: FMCG/FMCD, Conglomerate 
  • Top Recruiters:  Accenture, Amazon, PwC, Deloitte among others

SJMSoM IIT Bombay Placements 2024: Key Trends
SJMSoM IIT Bombay has a consistent record of 100% placements over the years. Some of the key Placement Trends for MBA 2022-24 batch are:

  • Consistent rise in salary packages over the years with 100% placements
  • Average salary for female students at Rs.29.31 LPA is higher than for overall batch

SJMSoM MBA Placements: Previous Salary Trends 
Last few years salary trends in placements are as below:

IIT Bombay MBA Placement Year
Average Salary (Rs. In lakhs)
Highest Salary (Rs.in lakhs)
Placement 2024
28.01 LPA
72.00 LPA
Placement 2023
28.88 LPA
54.00 LPA
Placement 2022
25.93 LPA
49.00 LPA
Placement 2021
21.96 LPA
32.00 LPA
Placement 2020
20.80 LPA
32.40 LPA

Top Recruiters at SJMSOM
SJMSOM witnessed marquee recruiters across the sectors in Placement 2024. SJMSoM students got offers from across various sectors such as BFSI, Conglomerate, Consulting, E-commerce, FMCG/FMCD, and IT/ITeS, among others. Students were placed for the most sought-after profiles in Investment Banking, Management Consulting, Product Management, and Strategy, among others. The legacy recruiters strengthened their faith in the institution, along with multiple new recruiters who participated in this year’s placement season. SJMSoM hosted prominent recruiters, including numerous Fortune 500 companies. Prominent recruiters in SJMSOM Placement 2023 include 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, 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 distinguished recruiters in SJMSoM MBA Placements 2024.

New Recruiters in SJMSoM Placements 2024
New recruiters include Air India, AM/NS, Cipla, Dr. Reddy’s, Hexaware Technologies, IDFC First Bank, Seclore, TAS, TATA Communications, and United Breweries Limited

SJMSOM MBA Class 2024: Batch Profile
SJMSOM, IIT Bombay continues to be the choice for top graduates in the country, and the batch profile of 2022-24 reinstates the same. Graduates from IlTs, NITs, BITS Pilani and other reputed institutes are pursuing MBA from SJMSOM.

The class of 2024 is a blend of fresh graduates, professionals and budding entrepreneurs, with an average work experience of 22 months from some of the top organizations in various profiles like Analytics, Consulting, IT, Operations, and Sales & Marketing.

MBA 2022-24 Batch Profile

  • Batch size: 115 students
  • Females: 14%
  • Students with work exp: 76%
  • Average Work Experience: 22 months

The students have been consistent performers in extra-curricular activities and have proved their mettle in national level competitions in sports, music, dramatics, literature, and photography. A great many students have completed certifications like Chartered Financial Analyst (CFA), FLIP, and Six Sigma.

Work Experience
Average work experience of the batch is 22 months and ranges from less than one year to more than 36 months. The percentage of students with varied duration of work experience is shared below:

Period of Work Experience
Percentage of Students in the MBA 2022-24 Batch
1-12 Months
16%
13-24 Months
44%
25-36 Months
32%
36+ Months
  8%

On the occasion, Prof. Mayank Pareek Faculty Coordinator, SJMSoM, IIT Bombay said,Despite a tough placement season across business schools, SJMSOM had 48 recruiters visit the school. The performance of the school has been on the rise and continues to be one of the top choices for the companies. A variety of roles were offered by the recruiting companies that align with the interests of the students. The addition of 11 new recruiters and retaining 77% of recruiters in this season reflects the brand of the school.”

Shailesh J. Mehta School of Management is an academic unit of IITB and has its distinct place as a national and global business management school. Apart from MBA, SJMSOM offers post-graduate Master of Management (MOM) and Ph. D. programmes and has recently launched an Executive MBA, jointly with the Washington University at St. Louise, USA.  SJMSOM provides a well- designed curriculum and training to the students preparing them to meet the contemporary challenges in their professional life ahead.

Students at SJMSOM get opportunity to interact with faculty associated in all domains such as IT, Bio-informatics, Industrial Design, Rural Development, Climate and Sustainable Growth and Transportation Planning to appreciate technology and apply in management.

Society for Innovation and Entrepreneurship (SINE) and Entrepreneurship Cell (eCell) provide opportunity to all stakeholders of IITB to learn from the experiences of budding ventures.  SJMSOM is one of the five select founding member institutes of the National Entrepreneurship Network (NEN).

The School has a continuous process of interaction with industry leaders through Seminars, Lectures and other students’ festivals/events/ continuum / activities (clubs) related to all functions of Management. SJMSOM alumni serve at the different leadership positions in the various private, public, multinational, government and non-profit organizations.

Stay tuned to MBAUniverse.com for more updates on SJMSOM-IIT Bombay

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