Bharatiya Vidya Bhavan's S.P. Jain Institute of Management and Research, Mumbai has completed its Autmn internships for the PGDM and PGDM (BM) 2024 cohort in marquee companies with all time high average stipend of Rs. 3.15 lakhs. The batch received 340 offers from 53 companies, with FMCG as the top sector followed by Consulting firms.
SPJIMR follows an Autumn’s Cycle, where visiting firms identify and tailor internship projects for SPJIMR participants well in advance. The autumn internships offered by SPJIMR are a unique aspect of its two-year full-time programmes, enabling students to engage in corporate internship projects during their second year of studies. The recruitment process this year saw a mix of offline and online means, with some companies opting for hybrid methods.
On achieving a great success with high stipends by SPJIMR students, Dr Renuka Kamath, Associate Dean (Full-Time Programmes), SPJIMR said,“The support of our industry partners for the Autumns internship at SPJIMR demonstrates the commitment to develop a leadership pipeline for the future. We are proud to provide that pipeline with SPJIMR students who develop solutions that cut across knowledge streams and get the job done.”
In its final placements also, SPJIMR compares with high salary packages as are offered to the top IIMs, IIFT, XLRI among others and is amongst the top 5 B-schools with highest average salary in placements. Key highlights of SPJIMR Autumn Placements for the 2022-24 Batch and final Placements for the batch 2021-23 are as below:
SPJIMR Autumn Internships Batch 2022-24: Key Highlights
- Batch Size: 295 Students
- Average Stipend: Rs. 3.15 lakhs (Up by 7% from last year)
- Median Stipend: Rs. 3 lakhs
- Average Stipend for Top 20% Batch: Rs. 4.25 lakhs
- Average Stipend for Top 50% Batch: Rs. 3.77 lakhs
- 28% of New Recruiters including Amagi Labs, BlinkX, DarwinBox, Investcorp, PhonePe, The Rohatyn Group, among others.
- Top Recruiting Sectors: FMCG (37% students placed), Consulting (25% students placed)
- The number of offers in Investment Banking/Private Equity saw a record high with over a 100% increase compared to the previous year
- Other Top Recruiting Sectors: The other recruiters represent diverse sectors, including Corporate Finance, Corporate IT, General Management, Analytics, Investment Banking, Private Equity, Product Management, Product Marketing, Program Management, Sales & Marketing, and Supply Chain.
- Despite a slowdown in the Tech industry, the number of product roles offered remained steady compared to the previous year.
On the successful completion of Autumn Internships, Dr Sajeev Abraham George, PGDM and PGDM (BM) Programme Chair said, “It gives us great satisfaction to see the continued faith in our students from the recruiting companies for the autumn internships. The projects that our students undertake will enable them to get an immersive understanding of the demands of the industry and apply their learnings to help add superior value for these companies.”
SPJIMR Mumbai Final Placements 2023: Key Highlights
SPJIMR Mumbai completed Final Placements for PGDM Class of 2023 in a record number of process days with higher salary packages. SPJIMR's MBA placement for PGDM 2021-23 batch solidified its strong relationship with the corporate sector. The process saw 63 companies onboarded and rolling out speedy offers, reflecting the trust in the value-based leadership style of the MBA participants. While most recruiters visited the campus, marking the post covid return to normal, other recruiters opted for hybrid/online modes of participation in SPJIMR Placement process 2023.
The average annual salary for Placements 2023 has recorded an increase of 3% and has gone up at Rs. 33.02 LPA while the highest salary has registered an increase of 46% at Rs. 77.8 LPA. This puts SPJIMR in same league as Top IIMs. The median annual salary came in at Rs. 32.89 LPA registering a rise of 9.3% over last year. Over 70% of the batch secured offers above Rs. 30 LPA and over 92% has got offers in excess of Rs. 25 LPA. The FMCG sector emerged as the top recruiting sector, with 35% of the batch receiving offers. This built on a trend of increased offers year on year from premier FMCG companies, making SPJIMR a preferred campus. Stellar placements and a steady growth over the previous year was witnessed despite the current market scenario around tech and impending fears of recession around the world.
Top Recruiters include Accenture, BCG, HUL, Godrej, ITC, KPMG, P&G, Deloitte, EY, Kearney, PwC, Colgate-Palmolive, Nestle, Barclays, Edelweiss, Cisco, Tata Digital, Aditya Birla Group, Capgemini, TAS among others.
The placement exercise was conducted online and offline, 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 2023
SPJIMR PGDM Placements 2023: Highlights
- Average Salary: Rs. 33.02 LPA (3% increase compared to last year)
- Highest Salary: Rs. 77.8 LPA (46% increase compared to last year)
- Median Salary: Rs. 32.89 LPA (9% increase compared to last year)
- PGDM 2021-23 Batch Size: 237
- Number of participating companies: 63
- Number of first-time recruiters: 33
- Total Number of Pre-Placement Offers (PPOs): 112
- Top Recruiting Sector: FMCG with 35% offers
- Top Recruiters include Accenture, BCG, HUL, Godrej, ITC, KPMG, P&G, Deloitte, EY, Kearney, KPMG, PwC, Colgate-Palmolive, Nestle,Barclays, Edelweiss, Cisco, Tata Digital, Aditya Birla Group, Capgemini, TAS among others
- 7% (6.6%) of offers equal to or greater than Rs 40 LPA
- 35% of offers equal to or greater than Rs. 35 LPA
- 70% of offers equal to or greater than Rs. 30 LPA
- 92% of offers equal to or greater than Rs. 25 LPA
SPJIMR Amongst Top 5 B-Schools in Placements
SPJIMR placements compare with high salary packages as are offered to the top IIMs, IIFT, XLRI among others. Below is shared a comparative analysis of SPJIMR Placements Vs Placements at other top B-schools
Top B-School with Placement 2023
Average Salary in Placement 2023 (Rs.in Lakhs)
Rs. 35.31 LPA
Rs. 35.07 LPA
Rs. 34.10 LPA
Rs. 33.02 LPA
Rs. 32.80 LPA (2023 Data Awaited)
Rs. 32.70 LPA
Rs. 32.20 LPA
Rs. 31.02 LPA
Rs. 30.21 LPA
Rs. 29.10 LPA
Top Recruiters at SPJIMR Mumbai
SPJIMR witnessed companies, from all across sectors and domain, participating in its placement process 2023. Some of the prominent recruiters across the sectors and domains include Accenture Strategy, Boston Consulting Group, Deloitte, Ernst & Young, FTI Consulting, GEP, Kearney, KPMG, Praxis Global Alliance, PwC, Asian Paints, Colgate-Palmolive, Hindustan Coca-Cola Beverages, Hindustan Unilever Limited, Nestle, Procter & Gamble, American Express, Barclays, BDA Partners, Edelweiss, JM Financial, O3 Capital, Pinpoint Asset Management, WEH Ventures, BookMyShow, Cisco, Games 24x7, MakeMyTrip, PayTM, Play Simple Games, Samsung Research India, Bangalore, ServiceNow, Tata Digital, Aditya Birla Group, Capgemini E.L.I.T.E., Mahindra GMC, Tata Administrative Services among others
PPOs: Trends Continue
Despite the challenges brought by the pandemic, 47% of the batch bagged PPO/PPI opportunities through the autumns internship and corporate competitions with leading corporates. Out of the 237 students, 112 received PPOs such as American Express, Accenture Strategy, Boston Consulting Group, Colgate-Palmolive, Hindustan Unilever Limited, Procter & Gamble, and Tata Administrative Services among many others.
Sectoral Placements: Key Highlights
FMCG was the star sector at SPJIMR Placements 2023. Here are more highlights on SPJIMR Sector wise placements:
FMCG: 35% Share in SPJIMR Placements 2023
SPJIMR, Mumbai continues to strengthen its partnership with FMCG firms this year showcasing one of the highest ever participation by FMCGs in the finals process making it the highest recruiter on campus. FMCG firms recruited 35 percent of the batch, with offers from sector leaders like Asian Paints, Castrol, Colgate-Palmolive, General Mills, Godrej Group, Hindustan Unilever Limited, ITC, Kimberly Clark, L'Oréal, Marico, Mondelez, Nestle, P&G and Reckitt among others.
Consulting: 32% Share in SPJIMR Placements 2023
The consulting sector was also a major recruiter and made offers to 32 percent of the batch. The participating companies included Accenture Strategy, Boston Consulting Group, Deloitte, GEP Worldwide, Kearney, KPMG, Praxis Global Alliance and PwC US Advisory among others. This year SPJIMR also received an international offer by Infosys.
Despite a slowdown in the tech sector, 33% of the Information Management specialisation was placed in the Product Management sector. This year saw new recruiters like Service Now and Cisco. There has been an overall increase in the number of product management offers compared to the previous year.
BFSI, Tech, Pharma, IB, VC and Hedge Funds: 23% Placements
23% of the Finance cohort recruited by firms like American Express, Barclays, BDA Partners, Edelweiss, JM Financial, O3 Capital, Pinpoint Asset Management, and WEH Ventures. Offers in the BFSI, Tech and Pharma sectors were also made in high numbers. It witnessed the companies like American Express, Barclays, Cisco, Dr. Reddy’s Laboratories, Haleon, Edelweiss, Flipkart, MakeMyTrip, PayTM and ServiceNow among others participating in the process.
75% Increase in Investment Banking Roles
Record number of front-end investment banking roles were offered by marquee firms like BDA Partners, JM Financials, O3 Capital and Novaa One. Offers in investment banking increased by 75% compared to last year. Buy side firms like Hedge Funds, Venture Capital and Asset Management also visited the campus, with offers from Pinpoint Asset Management, WEH Ventures and Edelweiss Asset Management.
General Management roles were offered by leading recruiters such as Aditya Birla Group, Capgemini E.L.I.T.E., Mahindra GMC and Tata Administrative Services.
Prof. Sajeev A. George, Chairperson PGDM, SPJIMR Mumbai said, “We keep innovating the curriculum to provide our students with a learning experience that helps them to develop knowledge, skills, and resilience required to succeed in life and the superior placement performance this year is a validation of our efforts.”
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.
S.P. Jain Institute of Management and Research (SPJIMR) (http://www.spjimr.org) is a constituent of the Bharatiya Vidya Bhavan and is consistently ranked among the top ten business schools in India. With a mission to 'influence practice and promote value-based growth' through pioneering programs and pedagogical innovations, SPJIMR stands out for its unique and distinctive approach to management education.
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