Bharatiya Vidya Bhavan's SPJIMR Mumbai has announced the successful completion of its Final Placements for PGDM Class of 2022 in a record number of process hours with participation of 70 marquee recruiters. The average annual salary for Placements 2022 has recorded sharp increase of 23% and has gone up at Rs. 32.05 LPA. This puts SPJIMR in same league as Top IIMs. For the consecutive second year, Consulting emerged as the highest recruiting sector with 38% share in placements, indicating that marquee consulting companies like Accenture Strategy, Bain & Co. and Boston Consulting Group, KPMG are putting more faith in SPJIMR graduates. In addition to the regular recruiters, SPJIMR onboarded 75 first-time recruiters from various sectors.
The entire placement exercise was conducted online using a variety of platforms and protocols to meet the convenience and security needs of companies. Before we move further and look at the sectoral trends, here are top highlights of SPJIMR Placements 2022
SPJIMR PGDM Placements 2022: Highlights
- Participants in the Batch: 238
- Average Salary: 32.05 LPA (23% increase compared to last year)
- Highest Salary: 53.16 LPA (14% increase compared to last year)
- Median Salary: 30.10 LPA (20% increase compared to last year)
- Number of companies participating: 70
- Total Number of Pre-Placement Offers: 123
- Number of first-time recruiters: 33
- 14% of offers equal to or greater than INR 40 LPA
- 30% of offers equal to or greater than INR 35 LPA
- 59% of offers equal to or greater than INR 30 LPA
- 87% of offers equal to or greater than INR 25 LPA
- Top Recruiters KPMG, Accenture Strategy, Bain & Co., Boston Consulting Group, Amazon, P&G, Hindustan Unilever, Deloitte
SPJIMR Autumns Internship: Highlights
- Number of companies: 52
- Number of new companies: 27
- Average Stipend for 2 months: INR 2,61,000
- Median Stipend for 2 months: INR 2,80,000
- Maximum Stipend for 2 months: INR 4,00,000
PPOs trends continue
Despite the challenges brought by the pandemic, around 52 per cent of the batch bagged PPO/PPI opportunities through the autumns internship and corporate competitions with leading corporates like Amazon, Accenture Strategy, Boston Consulting Group, Colgate-Palmolive, Hindustan Unilever, Intuit, Procter & Gamble, and Tata Administrative Services among many others.
Consulting Domain hires big at SPJIMR
This year’s placement process saw a huge intake of students by the consulting domain, making it the largest recruiting sector by rolling out offers to over 38% of the batch. With the increasing intake by the consulting companies, offers were rolled out to 91 students, the highest ever reported by SPJIMR for a batch. The domain saw participation from industry leaders that included Accenture Strategy, Alvarez & Marsal, Bain & Co., Boston Consulting Group, Deloitte, GEP, KPMG, Miebach and PWC US Advisory among others.
Highlighting the success of SPJIMR Placements 2022, Prof. Sajeev A. George, Chairperson PGDM said, "We are delighted to see the superb placement outcomes. It’s a validation of our continued emphasis on currency of the curriculum and pedagogical innovations. The hard work of our students and the commitment of our faculty and staff have helped us achieve this record breaking feat."
Prof. Abbasali Gabula, Associate Director - External Relations said, "We faced special challenges this placement session particularly as the institute re-opened and then closed again with the third wave of the pandemic. Our teams readjusted quickly, the students came together and as a team we ensured that the season's performance was one of the best we have seen in recent times."
Sectoral Placements: Key Highlights
As noted earlier, Consulting was the star sector at SPJIMR Placements 2022. Here are more sectoral highlights.
Consulting/ IT Consulting hire big at SPJIMR
This year witnessed a steady spike in offers made by recruiters in consulting, the domain becoming the top recruiter with over 38 per cent of the batch finding opportunities. Deloitte USI and PwC US Advisory made the maximum number of offers. The domain also saw participation from other industry leaders that included Accenture Strategy, Bain & Co., Boston Consulting Group, GEP, and KPMG among others.
FMCG Companies remain favorites
SPJIMR maintained its niche in the FMCG sector. It continued to be a major recruiting sector at SPJIMR with over 50 offers made by industry giants like Asian Paints, Colgate-Palmolive, General Mills, Godrej, Hindustan Unilever, ITC, Kimberly Clark, L'Oréal, Marico, Mondelez, Nestle, Pidilite, Procter & Gamble, and RB. They offered roles across Sales & Marketing, Corporate IT, Corporate Finance and Supply Chain Operations.
BFSI Sector Draws Talent
SPJIMR witnessed the participation of international and domestic finance companies like American Express, Amazon, Avendus, Axis Capital, GEF Capital, Goldman Sachs, Incred, JM Financial, Info Edge, Microsoft, MMT, and PayTM among others, rolling out 20 offers. Around 20% of the Finance batch landed offers in Investment Banking and Private Equity roles.
E-Commerce boom at SPJIMR
The E-Commerce industry brought in 30 offers to the PGDM Class of 2022 by industry leaders like Amazon and Flipkart. Recruiters offered students roles in various domains, including the leadership pipeline, thereby providing multiple options to the participants.
SPJIMR saw an increase in the number of recruiters offering Product Management roles. A total of 23 offers were accepted in total from recruiters like Microsoft, Intuit, Tata Digital, Amazon, Info Edge, Make My Trip, PayTM, Samsung Research and Godrej Housing Finance. Approximately 30% of the Information Management specialisation accepted Product Management roles.
General Management and Leadership roles: General Management and Leadership positions offer cross-domain exposure to enable candidates to grow into leadership roles. This year, conglomerates like Capgemini ELITE, Mahindra GMC and Tata Administrative Services are among the top recruiters in this category.
The placement process solidified the deep relationship of the Institute with the corporate sector with the number of companies onboarded and the speed of offer rollouts. It also reflected the trust in the value-based leadership style of the SPJIMR’s MBA participants, who have the courage and heart to take up challenging roles across domains.
Factors such as changes in the business environment as well as the well-preparedness of the students for their autumns internships, helped in the increase in the number of offers. Autumns internships typically take place in the months of September-October, where the students complete their specialisation courses prior to the internship, thus making them more prepared for the challenging projects.
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