SPJIMR Mumbai Completes Final Placement 2020 before IIMA, IIMB, IIMC; Avg Salary up by 15% at Rs 26.36 LPA

MBAUniverse.com News Desk |
December 25, 2019
SPJIMR, Mumbai has concluded final Placement 2020 much before IIMA, IIMB, IIMC could complete the process. The average salary in SPJIMR Placement 2020 has seen a rise of 15% and has gone upto Rs. 26.36 LPA from Rs.22.90 LPA last year. One of the top B-schools in India, SPJIMR placements are at par with top three IIMs. 122 companies participated in SPJIMR Placement 2020 as against 111 last year. Highest Salary has shot up to Rs.51 LPA
SPJIMR Mumbai Placement 2020

SPJIMR Mumbai does it again! Keeping the legacy of concluding final placements at the fastest pace, SPJIMR has completed its Final Placements 2020 much before IIM Ahmedabad, IIM Bangalore, IIM Calcutta could complete the process. These top three IIMs would complete their placements in February 2020, while SPJIMR Mumbai has concluded the process in December 2019.

With a rise of 15% in average salary which has gone up at Rs.26.36 LPA from Rs.22.90 LPA last year,  SPJIMR Placement 2020 are at par with top IIMs. 

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SPJIMR Placements Vs Top IIMs

Average Salary in Placement 2020 (Rs.in Lakhs)
Average Salary in Placement 2019 (Rs.in Lakhs)
26.36 LPA
22.90 LPA
IIM Ahmedabad
Process is On
25.83 LPA
IIM Bangalore
Process is On
24.54 LPA
IIM Calcutta
Process is On
25.36 LPA

Source: MBAUniverse.com Analysis

109 students out of 238 participating students took up PPO/PPI opportunities through their autumn internships with leading companies. 122 companies participated in SPJIMR Placement 2020 as against 111 last year. 238 students who participated in Placement 2020 received offers from 122 recruiters. Not only the Placements for SPJIMR's PGDM Class of 2020 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 25 LPA as against 22 LPA last year. 95% of the batch received offers of INR 18 LPA or above.

Placement Highlights 2020

  • Total number of students participating in Placements 2020: 238
  • Median Salary up at Rs. 25 LPA from Rs.22 LPA  last year
  • Average Salary Up at Rs.26.36 LPA from Rs.22.90 LPA last year
  • Highest Salary stood at Rs.51 LPA
  • Number of participating companies: 122
  • Number of First time Recruiters: 44
  • Pre Placement offers increased to 109 in 2020 from 78 last year
  • 56.7% offers equal to or greater than INR 25 LPA
  • 86.97% offers equal to or greater than INR 20 LPA
  • 95% offers equal to or greater than INR 18 LPA

Key placement trends
SPJIMR has released the final placement 2020 report on December 24, 2019, on the eve of Christmas. This placement season saw participation from 122 companies as against 111 companies last year. 44 new recruiters participated in placement 2020 to hire 238 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 2020
Placement 2019
Placement 2018
Placement 2017

300 Offers to 238 Students
In what was considered a tough year for B-school placements, SPJIMR saw 122 companies participating in the placement process, rolling out over 300 offers to 238 participants of the PGDM Class of 2020. The average annual salary for the batch, at INR 26.36 LPA has seen a 15.1 per cent growth over last year. Over 86 per cent of the 238 participants secured offers in excess of INR 20 LPA.

Dr. Ranjan Banerjee, Dean & Professor-Marketing, said: “We are pleased that the industry continues to value our students. As an institute, we are continually trying to improve the relevance and quality of our curriculum. We are also trying to build deeper partnerships with industry. We believe that improved placements are a happy by-product of doing the right things on a day to day basis. We will continue to get better.”

60% Batch Received PPO/PPI from Autumn Internships
Around 60 per cent of the batch received PPO/PPI opportunities through their autumn internship at leading corporates which included The Boston Consulting Group, Alvarez & Marsal, Accenture Strategy, Tata Administrative Services, Mahindra GMC, Proctor & Gamble, Hindustan Unilever, Amazon, Uber among others. A large number of offers once again depicts the trust shown by the corporate world in SPJIMR’s unique autumn internship model. Autumn Internships (Aug-Oct) are taken up by the students after the completion of courses in their area of specialisation followed by advanced specialisation courses at leading universities in the US.

Dr Sajeev A George, Chairperson PGDM, said, "It gives us great satisfaction and delight to have achieved significantly superior placement outcomes this year, in spite of the seemingly not so favourable external environment. One of the most commendable aspects this year is the large number of PPOs offered to our students after their autumns internship projects and their record conversion rate. The placement outcomes help validate the currency and relevance of our curriculum that strives to balance between the short- term and long-term needs of our students.” 

Top Recruiters at SPJIMR Campus
Top Recruiters at SPJIMR campus placement 2020 included The Boston Consulting Group, Bain & Co., Accenture Strategy, Intuit, Microsoft, Goldman Sachs, American Express, Amazon, Flipkart, Uber, Deloitte, PwC, KPMG, EY, Hindustan Unilever, Johnson & Johnson, Proctor & Gamble, ITC, Bajaj Finserv and Go-MMT.   

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44 New Recruiters at SPJIMR
Apart from traditional recruiters, several new companies from diverse sectors were on campus this year, bringing new breadth to the placements process.

Despite challenging market conditions, a total of 44 new recruiters were on campus at SPJIMR offering aspirational roles across multiple functions. New recruiters for this year included companies like Alvarez & Marsal, The Bridgespan Group, Praxis Global Alliance, Bank of America, Landmark Group, Intuit, Cisco, Sabre Partners, Spark Capital, Udaan, BYJU'S, Ola cabs, Swiggy and Dabur. 

Domain & Sector Wise Placement 2020

General Management and Leadership roles
Conglomerates such as the Aditya Birla Group, Amazon, Tata Administrative Services, Mahindra & Mahindra, Adani, Edelweiss, Cap Gemini, ELITE, Philips, GE Healthcare and Airtel made 26 offers in roles that are aimed at building the leadership pipeline. These roles give students exposure to various functions and are accelerated tracks designed at honing a future leader within the organisation.

Beyond the traditional leadership roles in conglomerates, the prestigious Finance Leadership (FLDP) and BOLD Operations role from Amazon were a key highlight this year.

Consulting/IT Consulting
SPJIMR consolidated its position as a preferred destination for top consulting firms as more than 28 per cent of the PGDM batch picked up offers in the consulting domain. New recruiters like Alvarez & Marsal, The Bridgespan Group and Praxis Global Alliance participated in the process along with traditional recruiters like The Boston Consulting Group, Bain & Co., Accenture Strategy, Deloitte, PwC, KPMG, IBM Consulting, EY, Avalon Consulting and GEP amongst others. 

Plethora of roles were offered across sectors such as Equity Research, Digital Banking, Private Equity, Wealth Management, Corporate Finance, NBFC, etc. Investment Banks and Private Equity firms such as Goldman Sachs, Bank of America, Nomura, Sabre Capital opened the roles for students. Around 15 per cent of the finance batch secured roles in Investment Banking profiles.

The rise in hiring from the E-Commerce sector was substantial as more than 22 per cent of the batch bagged roles from this sector. Top recruiters in this space offered a surfeit of new roles giving the participants myriad of options to choose from. Some of the key recruiters from this sector include the likes of Amazon, Flipkart, Uber, Ola Cabs, Swiggy, Go-MMT, Cloudtail, Grofers, Ninjacart and many more.

IT and Analytics
Technology giants such as Intuit, Microsoft, Media.net, Freshworks, Cisco, Samsung, BYJU’s, American Express and Airtel offered Product Management, Analytics, Program Management, Tech Sales, and General Management roles on campus this year. GE (Healthcare) recruited for its renowned Digital Technology Leadership Program and Philips hired for its distinguished IT Leadership Programme.

SPJIMR also maintained its niche in FMCG hiring. Many of the top FMCGs were back on campus to make offers to students across specialisations. The FMCG sector made offers to almost 23 per cent of the batch in Sales & Marketing, Supply Chain, Corporate Finance and Corporate IT roles. The companies included Hindustan Unilever, Proctor and Gamble, Johnson & Johnson, Landmark Group, ITC, Colgate Palmolive, Asian Paints, Marico, Nestle, Mondelez, Castrol, Amway, Nivea, Pidilite and Reckitt Benckiser.

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.

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.

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