Amidst the COVID 19 induced economic slowdown, SPJIMR Mumbai has announced the successful completion of its Final Placements for PGDM Class of 2021 in a record time of just two days!Similar to last year’s number, the average annual salary for Placements 2021 stood at INR 25.86 lakhs per annum. This puts SPJIMR in same league as Top IIMs.
Also, for the first time at SPJIMR, Consulting emerged as the highest recruiting sector indicating that marquee consulting companies like Accenture Strategy, Bain & Co. and Boston Consulting Group are putting more faith in SPJIMR graduates.
The entire placements 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 and numbers.
SPJIMR PGDM Placements 2021 Highlights
- Total Participants in the Batch: 233
- Number of companies participated in Placements 2021: 131
- Median Salary: 25.00 LPA
- Average Salary: 25.86 LPA
- Highest Salary: 44.00 LPA
- Lowest Salary: 15.00 LPA
- 50 per cent of the batch bagged PPO/PPI opportunities
- Number of first-time recruiters: 75
- Total Number of Pre-Placement Offers: 79
- 26.2% of offers equal to or greater than INR 30 LPA
- 57% of offers equal to or greater than INR 25 LPA
- 80.7% of offers equal to or greater than INR 20 LPA
PPOs trends continue
Despite the challenges brought by the pandemic, around 50 per cent of the batch bagged PPO/PPI opportunities through the autumns internship and corporate competitions with leading corporates like Amazon, Boston Consulting Group, Colgate Palmolive, Hindustan Unilever, Procter & Gamble and Tata Administrative Services among others.
Consulting, FMCG, E-Commerce players hire big at SPJIMR
Consulting emerged this year as the top recruiting sector with offers rolled out to 36 per cent of the batch of 233 participants. This built on a trend of increased offers from management and technology consulting companies seen last year and indicated a preference for participants from SPJIMR’s PGDM programme.Consulting companies rolled out offers to 84 students, the highest ever reported by SPJIMR for a batch. The participant companies included Accenture Strategy, Bain & Co., Boston Consulting Group, Deloitte USI, EY, GEP, KPMG and PwC US Advisory among others.
The FMCG sector continued to be a major recruiter, making offers to close to 18 per cent of the batch. Top recruiters in this sector included Asian Paints, Colgate-Palmolive, Hindustan Unilever, L'Oréal, Marico, Mondelez, Procter & Gamble and RB. This was closely followed by offers in the BFSI and E-commerce sectors that saw companies like Amazon, American Express, Axis Capital, Barclays, Citibank, Flipkart, Nomura, PayTM and Grofers (among others) participating in the process.
General Management roles were offered by leading recruiters like Capgemini ELITE, Mahindra GMC, RPG and Tata Administrative Services.
In addition to the regular recruiters from SPJIMR, close to 75 new companies from diverse sectors added to the breadth of the process this year.
Highlighting the success of SPJIMR Placements 2021, Prof. Renuka Kamath, Associate Dean - Academic Services & External Relations, SPJIMR said,“The strongest institutions are those in which the community comes together in difficult times. Our corporate partners, alumni, faculty and staff have come together to ensure the best possible outcomes for our students. Our students have demonstrated resilience and character. The entire SPJIMR community deserves credit.” Prof. Sajeev A. George, Chairperson PGDM, added, “It is hugely satisfying to see a stellar placement performance during these difficult times.”Prof. Abbasali Gabula, Associate Director – External Relations further added: “What looked like a particularly difficult season harking back to the times of the global financial crisis has ended on a high. Despite the extremely challenging environment, we have maintained compensation at the levels achieved last year.”
As noted earlier, Consulting was the star sector at SPJIMR Placements 2021. 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 36 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, EY GDS, GEP, IBM Consulting, Infosys Consulting and KPMG among others.
FMCG Companies remain favorites
SPJIMR maintained its niche in the FMCG sector. Over 40 offers were made by industry giants like Asian Paints, Colgate-Palmolive, General Mills, Hindustan Unilever, ITC, Johnson & Johnson, L'Oréal, Marico, Mondelez, Nestle, Pidilite, Procter & Gamble and RB. This was further strengthened by new recruiters like Himalaya and recruiters like GSK Consumer Health returning to join the process, resulting in over 18 per cent of the batch placed with the sector. They offered roles across Sales & Marketing, Systems, Corporate Finance and Supply Chain Operations.
BFSI sector draws talent
SPJIMR witnessed the participation of international financial service firms, such as American Express, Barclays, Citi, HSBC, along with home grown giants like Bajaj Finserv, IDFC First Bank, ICICI Bank, PayTM and Yes Bank rolling out about 30 offers. Investment Banks such as Axis Capital, Jefferies and Nomura, and Investment Management and Asset Management firms such as DE Shaw and ICICI Prudential AMC also participated in the process.
E-Commerce boom at SPJIMR
The boom in the e-commerce industry brought in close to 30 offers for the batch, made by industry leaders like Amazon, Cloudtail, Flipkart, Go-MMT, Grofers and Prione. Recruiters in this space offered a surfeit of new roles giving the participants myriad of options to choose from.
General Management and Leadership roles
General Management and Leadership positions offer cross-domain exposure to enable candidates grow into leadership roles. This year, conglomerates like Amazon, Capgemini ELITE, Godrej, Mahindra GMC and Tata Administrative Services are among the top recruiters in this category, rolling out 27 offers.
Indeed, strong SPJIMR Placements 2021 is good news for MBA education. In coming weeks more institutions are expected to release their Final Placements 2021 results. This will create more intested amongts MBA aspirants who are keenly watching how Placements 2021 shape up, and when campuses reopen.
Stay tuned to MBAUniverse.com for more updates on SPJIMR Mumbai