Average placement in finance sector

Hi Ahire,

I assume that you are graduating for Jamnalal Bajaj Institute of Management Studies, Mumbai.

I will divide my answer into two parts:

In the first part, I will talk about placements in your college and, in second part I will talk about placements in finance sectors in India.

Part-1

Wow!, your college is having a very good college placement record with entire batches of 2016-18 of 130 students being placed with an average salary of Rs 18.96 lakhs and 63 Pension Payment Orders(PPO). The highest salary in 2018 was Rs 30 lakhs.

The companies like Abbott, Aditya Birla Group, AkzoNobel, Arvind Brands, Capgemini, Citibank, DBS Bank, Goldman Sachs, HSBC, HUL, ICICI Bank, IDFC Bank, J P Morgan Chase, JSW, McKinsey & Company, Medtronic, P&G, Piramal, RBL, RIL, Standard Chartered, tata motors, Tata Steel, Vodafone offered PPOs/PPIs to the JBIMS students.

Which included, Anand Rathi, BOB Capital markets, Bristlecone, Crompton Greaves, Deloitte, DSP Blackrock, GSK, Hikal, India Ratings, IOCL, Jubilant Food Works, Livinguard, Piramal Enterprises, Pucho, Quality Kiosk, Sunteck, The Quarry, UltraTech Cement, ValueLabs.

Part-2

Talking about its rise in India, the credit,insurance and investment is increasing in rural areas.The Mutual Fund (MF) industry in India has seen rapid growth in Assets Under Management (AUM). Total AUM of the industry stood at Rs 24.03 trillion (US$ 342.01 billion) between April-November 2018. At the same time the number of Mutual fund (MF) equity portfolios reached a high of 74.6 million as of June 2018, which is as per IBEF.org.

Also, it states that,the Association of Mutual Funds in India (AMFI) is targeting nearly five fold growth in assets under management (AUM) to Rs 95 lakh crore (US$ 1.47 trillion) and a more than three times growth in investor accounts to 130 million by 2025.

The India's mobile wallet industry is estimated to grow at a Compound Annual Growth Rate (CAGR) of 150 per cent to reach US$ 4.4 billion by 2022 while mobile wallet transactions to touch Rs 32 trillion (USD $ 492.6 billion) by 2022.

Thank you,

Keep questioning!!!!