MUMBAI: Mumbai’s top B-schools have reason to cheer. Institutes have managed to attract some big names across the spectrum during the current
summer placement season from the troubled banking and financial services sectors to FMCG.

The recruiters, who have made their presence felt at the Narsee Monjee Institute of Management Studies (NMIMS), include Nomura, ICICI Bank, JP Morgan, GE, M&M, L’Oreal, Britannia and Idea Cellular. While L’Oreal has so far recruited eight students, Idea has hired five. “All sectors are making their presence felt this time, including financial services. While it is certainly better than last year, the scenario is still not completely gung-ho,” said the institute’s vice-chancellor, Rajan Saxena.

At the SP Jain Institute of Management & Research, Microsoft picked up 22 students this year, while 15 joined Citigroup. Other recruiters include P&G and HUL.

The summer placement story is under way for the class of 120 students at Jamnalal Bajaj Institute of Management Studies (JBIMS). While Arul Doshi, a member of the institute’s placement committee, declined to share names of the recruiters, he said: “We are having MNC banks, equity research houses and top international FMCG houses on campus this year. We have not lost out on any of the recruiters.” In the past couple of years, JBIMS has attracted names such as Coca-Cola, ITC, P&G, JP Morgan, Deutsche Bank and ICICI Bank.

Mumbai’s B-schools start their final placement process earlier than other institutes. The process starts off in most schools by December and ends by February. After the global financial crisis broke out last September, most management institutes in the country were faced with an uncertain situation. Regular recruiters had decided to slow down on hiring which had an adverse effect on both summer and final placements across management institutes in the country.