SPJIMR Mumbai Placement 2019: Average Salary up at Rs.22.90 lakhs; 12 Students Bag International Offers

SPJIMR Mumbai Placement 2019
Friday, January 25 2019, 03:20 PM
SPJIMR, Mumbai has concluded final Placement 2019 for its flagship PGDM 2017-19 batch with a rise in average salary to Rs. 22.90 lakhs from Rs. 22.24 lakhs last year. 111 companies participated in SPJIMR Placement 2019 as against 105 last year. 72% of the batch received offers of INR 20 LPA or above. A total of 12 International offers were made in placements season 2019

Keeping the legacy of concluding final placements at the fastest pace, Final Placements 2019 at SPJIMR, Mumbai are concluded for its flagship PGDM 2017-19 batch with a rise in average salary to Rs. 22.90 lakhs from Rs. 22.24 lakhs last year.  More than 50% of the batch took up PPO/PPI opportunities through their autumns internship with leading companies..SPJIMR Mumbai Admission 2019- Know More

111 companies participated in SPJIMR Placement 2019 as against 105 last year. 239 students who participated in Placement 2019 received offers from 111 recruiters. Not only the Placements for SPJIMR's PGDM Class of 2019 saw an increase in average compensation, it saw a significant increase in the number of offers made by marquee names in consulting, e-commerce and start-ups.

The median salary of the batch stood at INR 22 LPA and over 72% of the batch received offers of INR 20 LPA or above. A total of twelve International offers were made in placements season 2019.

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Placement Highlights 2019

  • Total number of students participating in Placements 2019: 239
  • Median Salary: Rs. 22 Lakhs
  • Average Salary: Rs.22.90 LPA
  • Number of participating companies: 111
  • Number of First time Recruiters: 28
  • Total Number of International offers: 12
  • Total Number of Pre Placement offers: 78

Key placement trends
The average salary increased to Rs. 22.90 lakhs up from 22.24 lakhs the previous year. Over 72 per cent of the PGDM Class of 2019 batch received offers in excess of Rs. 20 lakhs. The median salary for the batch stood at Rs. 22 lakhs, an increase from the Rs. 21.35 lakhs reported last year. This placement season saw participation from 111 companies on campus to hire the 239 participants from the class of 2019.

Last Four Years Placement Data are shared below:

Placement year
Average Salary (Rs. in lakhs)
Number of participating companies
Median Salary (Rs. in lakhs)
Placement 2019
22.90
111
22.00
Placement 2018
22.24
105
21.35
Placement 2017
20.9
104
20.00
Placement 2016
19.3
  89
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50% PPOs from Autumn Internships
Companies offered 78 PPOs to the SPJIMR students. More than 50% of the batch took up PPO/PPI opportunities through their autumn internships with leading companies such as - Boston Consulting Group, Tata Administrative Services, Amazon, Hindustan Unilever, Procter & Gamble, General Mills, JM Financial and others. The continued trend of high PPO/PPI opportunities to the PGDM batch showed the industry's faith in SPJIMR's unique model of Autumn Internships.

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The Autumn Internships at SPJIMR take place only after the completion of the core courses in Finance, Marketing, Operations & Supply Chain and Information Management as well as advanced, specialised courses at leading universities in the US through SPJIMR's Global Fast Track programme. This ensures that SPJIMR students are Industry-ready and able to deliver on their mandate even at the internship stage, leading to many PPOs/PPIs.

Global Fast Track at SPJIMR
The Global Fastrack Programme is an initiative aimed at exposing the participants to premier B-schools in the US, which enables them to develop a global perspective to management education. For the batch of 2019, the Finance and Marketing cohorts travelled to the Johnson School of Management, Cornell University, New York. The Information Management cohort travelled to Tepper School of Business, Carnegie Mellon University, Pittsburgh while the Operations & Supply Chain Management cohort travelled to the Eli Broad College of Business, Michigan State University.

Top Recruiters at SPJIMR
Placement 2019 at SPJIMR saw participation from companies such as McKinsey & Company, Boston Consulting Group, Bain & Company, Tata Administrative Services, Goldman Sachs, American Express, Hindustan Unilever, Procter & Gamble, General Mills, Amazon, Deloitte, PwC and EY to name a few.

Domain & Sector Wise Placement 2019

General Management and Leadership Roles: 23 Offers by 6 Companies
This year, conglomerates such as Tata Administrative Services, Mahindra & Mahindra, Bajaj Finserv, American Express, Reliance and Airtel made 23 offers in several middle management positions. The roles pertain to application of business understanding in all relevant domains and close co-ordination with CXOs. The hires are groomed to be future leaders in their respective business subsidiaries.

Consulting / IT consulting: 35% Offers
SPJIMR maintained its position as preferred destination for marquee consulting firms as 35% of the PGDM batch picked up offers in the Consulting domain, including 12 international offer. Top consulting firms participating in the finals process included McKinsey & Company, Boston Consulting Group, Bain & Company, Deloitte, PwC, EY, Capgemini, Bristlecone and GEP among others. The profiles offered at SPJIMR included strategic consulting, management consulting, supply chain consulting, financial advisory and IT consulting

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E-commerce: 17% Offers
E-Commerce saw the highest increase in roles offered compared to previous years.  About 17% of the batch was placed in e-commerce firms which included regular recruiters like Amazon, Cloudtail, Flipkart, Uber, Paytm and Go-MMT. In addition, this placement season saw participation from growing companies like OYO Rooms, Lenskart and Ninjacart among others. SPJIMR developed a new niche with a stark increase in the number of Product Management roles offered by these e-commerce companies. Other Profiles offered by the e-commerce companies at SPJIMR included Program Management, Digital Marketing, Supply-Chain Management, and Operations Analytics.

IT/ITES: 9% Offers
IT companies such as Microsoft, Google, Media.net, Wipro, Infosys, and Capgemini offered sales and consulting roles on campus. IT majors made offers to 9% of the batch. Corporate IT roles were offered by companies such as Hindustan Unilever, Asian Paints, Pidilite and Mondelez. Analytics roles were offered by giants like American Express, Barclays and Philips. Overall, a third of the batch would join IT and E-commerce companies, an indicator of a growing techno-management wave that is sweeping across industries. The average year-on-year increase in compensation for the information Management specialization exceeded 25%, reaffirming this as a key growth area.

Marketing and Operations: 19% Offers
The institute saw participation from all the top organizations for roles spread across both Sales & Marketing, Operations & Supply Chain. About 19% of the batch was placed in leading FMGCs like Hindustan Unilever, Procter & Gamble, General Mills, L’Oreal, Asian Paints, Colgate Palmolive, Johnson & Johnson, Pidilite, Marico and Mondelez. The sector hired freshers as well as those with up to three years of work experience, those with a background in start-ups and in particular looked for gender diversity.

Finance
The batch picked up offers from top league financial players that included Goldman Sachs, Citi, American Express, HSBC IB, Duff & Phelps, Bajaj Finserv, IIFL, JM Financial, DBS Bank, Barclays across a plethora of functions ranging from investment banking, corporate/retail banking, equity research and NBFC roles etc. Corporate finance/strategy roles were also offered by companies like Amazon, Sterlite Power, Nestle and Airtel among others.

S.P. Jain Institute of Management & Research (SPJIMR) Mumbai is a constituent of the Bharatiya Vidya Bhavan and is ranked among the top ten business schools of India. As a premier school of management, SPJIMR is noted for pedagogic innovations and pioneering programmes, which have helped the institute stand out for its unique and distinctive path in management education. SPJIMR has a sprawling 45 acre campus in the western suburbs of Andheri in Mumbai.

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Its oldest programme is the two-year Post Graduate Diploma in Management (PGDM). SPJIMR also runs a Post Graduate Family Managed Business (PGFMB) programme, the 15-month Post Graduate Programme in Management (PGPM), the Post Graduate Executive Management Programme (PGEMP), the Global Management Programme (GMP - formerly known as PGCIM), the Post Graduate Programme in Development Management (PGPDM) programme.

The institute also runs several short term programmes like the PMP Preparatory Programme, the Post Graduate Certificate in Advanced Project Management, Doing Business in India (DBI), Start Your Business (SYB) and Grow Your Business (GYB).

SPJIMR has launched two new programmes recently, the Post Graduate Management Programme for Women (PG-MPW), a management programme for women aspiring to return to the workforce, and the Fellow Programme in Management (FPM).

SPJIMR enjoys a good reputation with the industry for the high quality managers that it nurtures through a unique pedagogic approach in preparing socially sensitive graduates with a global mindset.

Stay tuned to MBAUniverse.com for more updates on SPJIMR Mumbai