SPJIMR PGPM 1 Year MBA records strong Placements, Avg Salary up by 20% to Rs 23.60 LPA; Admission is Open for the Class of 2023

Bhartiya Vidya Bhavan's S.P. Jain Institute of Management & Research (SPJIMR), one of India’s top B-schools, has completed placements for the 1 year PGPM with 20% rise in average salary which has gone up at Rs.23.60 LPA in 2022 from Rs.18.38 LPA last year. SPJIMR offers the Post Graduate Programme in Management (PGPM) to working professionals with a minimum of 5 years of relevant full-time work experience. A Rolling Admission process from March to September 2022 has been developed keeping in mind preferences of working executives. Application for admission for SPJIMR 1-year PGPM class 2023 is open from February to August 2022.

Before we talk about the PGPM program, let’s review key highlights of the B-school.

SPJIMR, a Top Ranked Internationally Accredited & Ranked B-School
SPJIMR is noted for its unique pedagogic innovations and pioneering programmes, which have helped the institute stand out for its distinctive path in management education. In addition to PGPM, SPJIMR offers highly reputed programmes like the two-year PGDM, Global Management Programme (GMP) and the Fellow Programme in Management (FPM).  

SPJIMR joined the league of top global B-schools who are accredited by AACSB International in 2018. SPJIMR is highly ranked by leading International & Indian MBA Rankings:

• In the recently released prestigious Financial Times - Masters in Management Rankings 2021, SPJIMR has secured World Rank # 39 and India Rank # 2. IIM Ahmedabad’s two year Post Graduate Programme in Management (MBA) is Rank #1 in India and IIM Bangalore’s Post Graduate Programme in Management is Ranked #3.
• In the MBAUniverse.com B-School Ranking 2022 SPJIMR was ranked #6 among top management institutes in India.
• In the NIRF Ranking 2021 Management SPJIMR is Ranked #19
• SPJIMR is one of the few Indian business schools to make it to the QS Global MBA rankings for the year 2021. This was the fifth consecutive year that SPJIMR was on this elite list. SPJIMR was part of the 151-200 rankings bracket for the second consecutive year.
• The institute has won 3 global innovation awards from AACSB and AMBA 

Unique Pedagogic Approach: SPJIMR has a host of pioneering non-classroom activities like Abhyudaya, DOCC (Development of Corporate Citizenship), ADMAP (Assessment and Development of Managerial and Administrative Potential), PG LAB and Science of Spirituality. With its participant centric approach, SPJIMR strives to provide a superior learning experience by encouraging team work and facilitating experiential learning.

PGPM - A Career Accelerator
SPJIMR offers a one-year MBA equivalent programme called the Post Graduate Programme in Management (PGPM) for working professionals. The programme is designed as a ‘Career Accelerator’ for executives with a minimum of five years of work experience.

PGPM is an AICTE approved programme, having a one-year full time, residential component, preceded by a 3 month off campus blended online learning component. As per AICTE rules, on successful completion of the Programme, the participants are awarded a ‘Post Graduate Diploma in Management (Executive)’.

On reviewing the academic rigour, batch profile, placements and other parameters, MBAUniverse.com found that SPJIMR’s 1-year PGPM is at par with the 1 Year MBA programmes offered by ISB Hyderabad, IIM Bangalore, IIM Ahmedabad and IIM Calcutta. Hence, SPJIMR’s PGPM is also referred to as 1 Year MBA programme in this article. A short comparison of SPJIMR with top one-year MBA programmes by IIMs and ISB is below. 

SPJIMR PGPM Vs Top 1 Year MBA Programs
Based on the data, one can safely say that SPJIMR PGPM is among the top five one-year MBA programmes offered in India.

Source: MBAUniverse.com Research

SPJIMR PGPM Admission for Class 2023 Key Facts
This article will cover information in detail with the latest facts:

1. Key strengths
2. PGPM placements
3. Fees
4. Seats
5. Eligibility and minimum work experience
6. Admission process, last date to apply
7. Programme overview
8. Comparison with ISB, IIMs

Key strengths:

• SPJIMR is ranked amongst the top B-schools in India and accredited by AACSB International.
• Program offers International Immersion with top ranked Global Ivy League B-Schools (Cornell University, Michigan State University & University of Texas at Austin) wherein international alumni status is awarded on completion of the immersion.
• Multiple Specializations are available in Marketing, Finance, Information Management, Operations & Supply Chain.
• Strong placements with High RoI at PGPM fee of Rs.22.10 lakhs and average CTC at INR 23.60 LPA.
• Innovative courses like DoCC (Development of Corporate Citizenship), Design Thinking (DT), Critical Thinking and Science of Spirituality are offered to participants.
• SPJIMR has adopted a practice-oriented approach that gets Industry leaders into the classroom sessions.

With this background, let us check some key facts for the program.

PGPM Placements:
SPJIMR PGPM has consistently recorded excellent placements. The Class of 2021 was no exception. The batch saw participation from 75 companies, including many new companies.

Key highlights of SPJIMR PGPM Placement for class 2021 are:

• Average Salary goes up by 20% at Rs.23.60 LPA in 2022 from Rs.18.38 LPA last year
• Average salary for Top 25% students goes up at Rs.31 LPA
• Average salary for Top 50% students goes up at Rs.28.70 LPA
• Total Recruiters increased to 75 making offers to 130 participating students
• Consulting emerged as top recruiting sector with 51% of the hiring followed by technology with 39%
• Many new companies participated in Placements
• Top Recruiters included Accenture, Bain, Blue Yonder, Bristlecone, Criticalog, Cognizant, IBM, Infosys, KPMG, Sapient,  Tavisca, Thoucentric, Tiger Analytics, Vector Consulting, Xpressbees amongst others.

PGPM Fees
Compared to top IIMs, SPJIMR PGPM fee is highly affordable. PGPM Fees at SPJIMR is Rs. 22,10,000. This fee includes on campus accommodation & International Immersion with SC Johnson School of Business (Cornell University), Eli Broad School of Business (Michigan State University), and McCombs School of Business (University of Texas at Austin). 

​Seats in PGPM
The approved intake as per AICTE for SPJIMR Mumbai one year PGPM is 180 seats. However, SPJIMR is highly selective in its intake. The current batch size is 117 students.

Programme Architecture
The programme is targeted at professionals with minimum five years of full-time work experience. The programme offers specialization in Information Management, Operations, Marketing and Finance.

The programme comprises two phases:

1. Three months Blended Web Learning (Off Campus)
2. Twelve months full time residential learning (On campus). This will consist of two semesters of six months each.

The PGPM semester-1 focuses on Foundation and General Management courses and non-classroom activities. The semester-2 will concentrate on the specialization based on your interests. International Immersion is an integral part of semester two. It gives candidates an opportunity to pursue advanced courses in the chosen area of specialization with a top global B-school. Post International Immersion, a participant has the option of choosing credit courses from an array of electives which equips him to align the learning with career objectives.

International Immersion with Top Global B-schools
One of the highlights of PGPM program is the three-week long International Immersion module for 100% of the batch. Thisis a constantly updated, tailored curriculum offering an opportunity to pursue advanced courses in a chosen area of super specialization.PGPM students get Alumni Status and Course Credits for their studies at International B-Schools. 

 Courses are offered for each of the specializations at these top US B-schools:

• Marketing: Samuel Curtis Johnson Graduate School of Management, New York, USA
• Information Management: McCombs School of Business, the University of Texas at Austin, USA
• Finance: Samuel Curtis Johnson Graduate School of Management, New York, USA
• Operations & Supply Chain: Eli Broad College of Business Michigan State University, USA

SPJIMR One Year PGPM Admissions 2022 for Class 2023
Before you go through the SPJIMR one-year PGPM admission process, please note the important dates for admission and application process.

Important dates

Admissions Process for PGPM Class 2022
You can apply with CAT and GMAT scores for PGPM admission of class 2023. SPJIMR has developed the rolling process for PGPM admission keeping in mind the requirements of executives.

Here are the key highlights -

Rolling Admission Process
PGPM offers the facility of rolling admissions. Generally, there is a long waiting period between applying for a B school and hearing back from the B-schools to which you apply as applications are judged after the deadlines. With rolling admissions at SPJIMR, your application will be examined as soon as it is received. The result is that you are likely to hear from SPJIMR much in advance.

Early Offers
Along with rolling admissions, SPJIMR extends early offers to exceptionally bright candidates. This implies that if you are an outstanding candidate, you have an offer letter from PGPM, even before the last date of accepting applications has elapsed. Rolling admissions and early offers help you plan your transition from a full-time job to a B-school smoothly.

Interviews take place throughout the admission cycle, from the month of March to September.

Step by Step Guide to SPJIMR’s PGPM Admission Process

• Step-1: Submit online application and pay application fees
• Step-2: Candidates will be Shortlisted on the basis of the minimum eligibility criteria and details in the application form
• Step-3: Call for interviews is sent for shortlisted candidates
• Step-4: Case Study Analysis: Candidates are given a short essay/case to study and note down their points and/or solutions as per their comprehension and understanding of the given essay/case. 
• Step-5: Personal Interview: Each candidate will go through at least two rounds of interviews in addition to the above. The first round of interview is to understand the link between candidates’s chosen area of specialization and their work experience. The second round of interview is to understand the candidate’s overall fit with the PGPM programme and with SPJIMR’s values and culture. The process seeks to delve in to the candidate’s future goals, personality aspects, and communication skills. 
• Step-6: Final merit list is declared
• Step-7: Selected candidates are required to make payment of fees
• Step-8: Programme commences in early to mid-October

Eligibility Criteria for Admission to PGPM Class of 2023
So who is eligible for applying for SPJIMR PGPM? Here are key eligibility criteria.

1. A Bachelor’s degree in any discipline with 50% marks from a recognized university
2. Minimum 5 years of relevant (full time) work experience as on September 30, 2022.
3. Valid CAT or GMAT score
4. A consistent academic record

SPJIMR will accept scores for GMAT exam taken between August 31, 2017 and August 31, 2022 or CAT scores for years of 2019/2020 and 2021. SPJIMR does not conduct a separate entrance exam. Admission to PGPM course is through CAT/GMAT. 

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