SPJIMR Placement 2024: Bharatiya Vidya Bhavan’s S.P. Jain Institute of Management and Research, Mumbai (SPJIMR Mumbai), recently announced the completion of the Final Recruitment Process for its PGDM & PGDM(BM) Class of 2024. The highest salary offered is Rs. 81 LPA. In placements 2024, FMCG, Consulting, BFSI, Pharma and Tech emerge as the top recruiting sectors.
PGDM & PGDM BM 2024 Placements Facts.
- Participants in the Batch: 292
- Number of companies participating: 72
- Number of first-time recruiters: 33
- Total Number of Pre-Placement Offers: 138
- Average Salary: Rs. 33 LPA
- Median Salary: Rs. 31.50 LPA
- Highest Salary: Rs. 81 LPA
- 7% (6.5%) of offers equal to or greater than Rs. 40 LPA
- 34% of offers equal to or greater than Rs. 35 LPA
- 71% of offers equal to or greater than Rs. 30 LPA
- 90% of offers equal to or greater than Rs. 25 LPA
- Campus onboarded 33 first-time recruiters from various sectors
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In light of the global slowdown and associated impact on campus placements, SPJIMR has received remarkable success in its MBA placement season. The class of 2024 witnessed an impressive average pay package of Rs 33 lakh, with the highest package soaring to Rs 81 lakh.
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SECTOR-WISE RECRUITMENT HIGHLIGHTS
- Consulting emerged as the top recruiting sector, with 35% of the batch securing offers from prestigious companies like Accenture Strategy, Boston Consulting Group, Deloitte, and more. Notably, SPJIMR received international offers from Deloitte.
- Marquee firms like Goldman Sachs, Nomura, and O3 Capital were the leading players offering investment banking roles. Offers in investment banking tripled compared to the previous year, reflecting the finance sector’s robustness.
- General management roles were offered by industry giants such as Aditya Birla Group, Capgemini E.L.I.T.E., Mahindra GMC, RPG, and Tata Administrative Services.
- Additionally, the campus saw 33 first-time recruiters from various sectors.
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Few prominent recruiters in FMCG sectors are : Hindustan Unilever, ITC , Nestle. Some VC and Asset Management Companies like PinPoint Asset Management, Neo Wealth , Nuvama Wealth also made offers in the Placement Season of SPJIMR.
SPJIMR’s latest MBA placement cycle process saw a high number of companies onboarded. The Consulting sector emerged as the top recruiting sector, with 35 % of the batch receiving offers. The participating companies included Accenture Strategy, Boston Consulting Group, Deloitte, GEP Worldwide, Kearney, KPMG, Praxis Global Alliance and PwC US Advisory among others. International offers were received from Deloitte.
This year’s average annual CTC (cost-to-company) remained similar to last year at INR 33 lakhs per annum and so did the median annual salary at 31.2 lakhs per annum. According to SPJIMR 70% of the batch received offers above INR 30 lakhs per annum and over 90 percent in excess of INR 25 lakhs per annum.
A record number of front-end investment banking roles were offered by marquee firms like DC Advisory Partners, Goldman Sachs, JM Financials, Nomura, and O3 Capital. Offers in investment banking tripled 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, Neo Wealth and Asset Management and Nuvama Wealth.
General Management roles were offered by leading recruiters such as Aditya Birla Group, Capgemini E.L.I.T.E., Mahindra GMC, RPG and Tata Administrative Services.
Over 47% of the batch was awarded Pre-Placement Offers via Autumn Internships and Corporate
Competitions with leading companies such as Aditya Birla Group, Accenture Strategy, Boston Consulting Group, Colgate-Palmolive, Hindustan Unilever Limited, Procter & Gamble, and Tata Administrative Services, among many others.
Prof. Renuka Kamath, Associate Dean Full Time Programmes reportedly said, “Amid uncertain times, the support from our industry partners is invaluable to us. We appreciate their commitment in hiring SPJIMR’s young talent who are not only industry ready, but also socially-conscious.”
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Consulting/IT Consulting companies have given maximum number of Offers, which made to over 35% of the batch by Accenture Strategy, Boston Consulting Group, Deloitte, Ernst & Young, GEP, Infosys Consulting, Kearney, KPMG, Miebach, Nomura Research Institute, Praxis Global Alliance, PwC, Synergy and others.
FMCG showcasing one of the highest ever participation by the FMCG industry. FMCG firms recruited 25 percent of the batch, with offers from sector leaders. And total number of students recruited (35%) by industry giants from FMCG and pharma such as Asian Paints, AbinBev, Colgate-Palmolive, Dr.Reddy’s Laboratories, Novartis, Godrej Group, General Mills, Hindustan Coca-Cola Beverages, Hindustan Unilever Limited, ITC, Kellanova, L’Oréal, Marico, Mondelez, Nestle, Procter & Gamble, and more.
The BFSI, IB, PE, VC and Hedge Funds companies like Axis Bank, Barclays, DC Advisory, Fullerton, Goldman Sachs, ICICI Securities, JPMC, JM Financial, Neo Wealth, Nomura, Nuvama and O3 Capital have recruited 41% of the Finance cohort.
