K J Somaiya Institute of Management Mumbai Placement 2024: Completes 97% Placements; Records Slight increase in Average Salary

In a scenario confronted with the tough economic conditions and many B schools and baby IIMs yet to complete placements and many witnessing decline in average salaries, AACSB Accredited, K J Somaiya Institute of Management, Mumbai has completed 97% placements for the batch of 2022-2024 with slight increase in average salary.

KJSIM has managed to maintain the average salary and saw significant increase in the average salary of the Top 100, Top 200 and Top 300 cohort. While average salary has gone up at Rs.13 LPA, the highest salary has gone up by 9% at Rs.28.25 LPA in placement 2024 from Rs.25.96 LPA last year. Out of 620 students available for placements, 89 students received PPOs with the highest PPO salary being offered by Arcesium. 149 Companies visited campus of which 28 were first time recruiters. This is the interim placement shared by K J Somaiya Institute of Management and after the completion of final Placement 2024 the institute may bring more surprises.

K J Somaiya Institute of Management Placement 2024: Key Highlights 

• Large Batch 2022-24 with 620 Students in MBA/IB/RM/FS/IMC/HCM/HR/SM/ DSA/EXEC      
• Highest salary goes up by 9% in Placement 2024 at Rs.28.25 LPA from Rs.25.96 LPA last year
• 89 PPOs were extended to the students.
• Average Salary goes up at Rs.13 LPA in Placement 2024
• Average salary of top 100 offers: Rs. 17.9 LPA (8% higher)
• Average salary of top 200 offers: Rs. 16.10 LPA (8% higher)
• Average salary of top 300 offers: Rs. 15.00 LPA (7% higher)
• Among the principal offers made, students have received job offers from industrial sectors such as BFSI, Consulting, IT & ITES, Manufacturing, FMCG.
• BFSI emerged as the top recruiting sector accounting for 44% share in Placements
• Top Recruiters include Arcesium, Wells Fargo, Deutsch Bank, Tata Capital, JP Morgan Chase & Co., Goldman Sachs, Barclays, HSBC, Dell, ITC, Maruti Suzuki

Sector Wise Placements
The companies visiting K J Somaiya campus for the placement 2024 have offered diverse opportunities and profiles to meet the varied expectations and aspirations of the students in Financial Services; Banking and Insurance; Consulting & Analytics; FMCG; IT/ ITES; Retail; Pharmaceuticals; Media; Market Research; E-commerce; Infrastructure; Automobiles; Education; Telecommunications among others. Below is shared the sector wise placements 2024 at K J Somaiya Institute of Management.

BFSI: 44% Share
BFSI emerged as the top recruiting sector accounting for 44% share in Placements. Arcesium, Wells Fargo, Deutsch Bank, Tata Capital, JP Morgan Chase & Co., Goldman Sachs, Barclays, HSBC, Nuvama Wealth were some of the Top recruiters that recruited for Finance and Marketing profiles.

IT & Consulting: 30% Share
30% of the students were placed in IT & Consulting sector.  Gartner, Dell Technologies, Hewlett Packard, CISCO, Accenture, Deloitte USI, PwC India, Tanla Platforms, GEP, Michael Page were some of the prime recruiters.

FMCG
Diageo India, General Mills, Pepsico Global Business, ITC, Relaxo Footwear were some of the prime FMCG recruiters.

Manufacturing
Atomberg Technologies, Mahindra & Mahindra, Raychem RPG,  ACG World, Maruti Suzuki, Kansai Nerolac and others visited campus and selected students.   

Other Sectors
Real estate, Telecom, Energy, Pharmaceutical, Retail, Sports were other sectors that recruited students. 14 students received international placements in Middles East market. 

K J Somaiya 2022-24 Batch Profile
The batch profile comprises 54% freshers and 46% students with work experience, 58% males and 42% females, 31 % engineers, 27% Commerce, 24% Management, 11% Science, 6% Arts.

KJ Somaiya Institute of  Management, Mumbai is ranked 45 in NIRF Ranking 2023. It has witnessed significant number of new companies visiting campus this year while regular recruiters selected students in large numbers. KJSIM has redefined it’s purpose as a B school that enables transformation journeys of individuals to value-based & purpose-driven leaders for building a better world. The transformational journey of students focuses on identifying key competencies expected from students by progressive organizations to be Day 1 Ready. A Psychometric test conducted by global expert – SHL, Deep Reflective Learning through Ken & Economist, Active participation in sports & fitness, Capstone projects are some of the ways in which students are assessed.

K J Somaiya Institute of Management Placement 2023: Key Highlights 

• Largest Batch 2022-24 with 673 Students in MBA/IB/RM/FS/IMC/HCM/HR/SM/ DSA/EXEC      
• Highest salary: Rs.28.25 LPA
• 115 PPOs were extended to the students.
• Average salary of top 100 offers: Rs. 17.12 LPA
• Average salary of top 200 offers: Rs. 15.41 LPA
• Average salary of top 300 offers: Rs. 14.24 LPA
• Among the principal offers made, students have received job offers from industrial sectors such as BFSI, Consulting, IT & ITES, Manufacturing, and FMCG.
• Sectors like Banking, IT, and Financial Services are at the forefront of the hiring.

Nestled in a 60 acre campus in the central suburbs of Mumbai, K J Somaiya offers full-time and part-time MBA, and Masters in Computer Applications, along with doctoral studies in management. All the programmes are AICTE and UGC approved.

K J Somaiya Institute of Management was established in 1981 as part of Somaiya Vidyavihar (now a constituent institute of the Somaiya Vidyavihar University since August 2019) to provide education in management and allied areas. The institute is consistently ranked among the top 25 Management Institutes and Top 10 private sector B-schools in India. Over the past four decades, the Institute has evolved into a leading B-school offering sector-specific and employment-oriented management programmes. Apart from the regular programmes, the Institute offers customized and industry-specific certificate and executive development programmes for government bodies, companies, defense personnel, and NGOs.

The institute holds autonomous status granted by UGC and boasts a substantial alumni base in key corporate positions, maintaining robust international linkages. Additionally, the Institute is an accredited member of the Association to Advance Collegiate Schools of Business (AACSB).

Stay tuned to MBAUniverse.com for more updates on K J Somaiya Institute of Management, Mumbai