SIBM Records 100% Success Rate During Summer and Final MBA Placements 2023

New Delhi: Symbiosis Institute of Business Management Pune has successfully concluded its final placement for the MBA batch 2023 and summer placements for the batch of 2024 by recording 100% success rate.

With several international corporations witnessing unusual and significant layoffs as a result of the current economic climate, the 100% placement rate provwes to be a good news in the form of the numerous job opportunities that have arisen for the MBA students at SIBM.

More than 75 prominent companies extended a total of 200+ offers during the

summer placements, demonstrating the recruiter's confidence in SIBM Pune Placements as a go-to hub for the future generation of leaders.

Along with 25 new corporate partners like Amazon, American Express, Disney+ Hotstar, Goldman Sachs, Hindustan Unilever Limited, and Mondelez International, the summer placements saw associations with prestigious legacy recruiters like Accenture, Godrej Industries Limited and Associated Companies, J.P. Morgan Chase & Co, Procter & Gamble, and Tata Consumer Products.

The highest stipend offered was INR 4.40 lakhs. The median stipend was INR 3.10 lakhs, a 34% increase from the previous year, while the average stipend awarded was INR 2.91 lakhs, a 25% increase from the previous year.

Highlighting the variety of roles offered to the students, Vallabh Agarwal, Coordinator of the Placement Advisory Team, said that year after year, the Placement Advisory Team of SIBM Pune works to develop lasting partnerships with firms to provide the greatest employment possibilities to the students.

By providing the greatest possible start to their career paths through the placement process, the Placement Advisory Team is dedicated to assisting the SIBM Pune students, he said.

The students from the MBA HR specialization received roles in HR strategy and consulting, compensation and benefits, diversity management, employee engagement, learning and development as well as talent acquisition.

The MBA students from the class of 2023 have received over 200 lucrative offers during the final placements, from companies like Aditya Birla Capital, Bain & Company, Ernst & Young, Pidilite, PwC, as well as a variety of new recruiters like Fullerton, Kroll, Luminous, Prism Johnson, Redseer Consulting, and Schneider Electric.

During the Final Placements, the highest CTC offered this year was INR 35.05 LPA, while the median and average CTC offered were INR 26.77 LPA and INR 24.00 LPA, respectively (16% and 15% growth from the prior year).

Announcing the completion of the final placements successfully, Dr. Ramakrishnan Raman, Director of SIBM Pune, said that the plethora of job prospects at SIBM Pune is largely due to the emphasis on "practical" learning.

Through practical learning, simulations, and internships, which prepare students for problems they will face in the real world, the institute places a strong focus on learning by doing, whereas the employers place great importance on this practical experience since it gives students the abilities to excel right away in their corporate projects, Raman said.

Almost a total of 100 companies participated in the final placements at SIBM Pune, where a number of new recruiters in addition to its legacy recruiters were welcomed, who continued to put their faith in the talent pool made available by the institute.

The students are given the commercial acumen that continues to draw recruiters due to the institute's rigorous academic standards, distinctive student-driven culture, and corporate interactions through leadership presentations.

Students can succeed and earn professional certifications like the Chartered Financial Analyst (CFA), Financial Risk Management (FRM), and KPMG Lean Six Sigma with the use of an experiential and case-study-based methodology. An extraordinary track record in national-level business cases and an increase in the number of research papers by students in a variety of subjects, such as analytics, logistics, and blockchain and an exceptional track record in national-level corporate case competitions have helped to enhance their analytical and problem-solving skills to suit industry requirements.

Commenting on how the institute's commitment to holistic learning translated into yet another amazing placement season, Ashwani Bansal, Student President of SIBM Pune, said that the successful completion of the final placements was achieved due to the hard work put in by the students through their commitment to academics, interest in extracurricular courses and certifications, as well as participation in various case competitions.

The Placement Advisory Team is dedicated to upholding the tradition of SIBM Pune, and strives to establish new benchmarks each year. Despite the fact that companies are laying off as a result of several macroeconomic causes, SIBM Pune is still a key source of talent for employers, Bansal said.

Further, Bansal concluded saying that the SIBM Pune B-school graduates are highly sought after in the job market due to their specialised education, alumni network, practical learning opportunities, and the rising need for specialised skills. Premier B-schools like SIBM Pune have thus turned into a sanctuary for students looking for employment during these challenging times.

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