Average of top 35% of the batch 2016-18 touched INR 28 LPA at SPJIMR Mumbai

The SPJIMR placements office released detailed placement numbers on Jan. 04, saying that 35% of the 238 participants from the PGDM Class of 2018 were placed with top consulting firms, translating to a 30 per cent increase in the consulting area over the previous batch.

The average salary increased to INR 22.24 LPA, up from INR 20.9 LPA the previous year. Over 92 per cent of the PGDM Class of 2018 batch received offers in excess of Rs. 17 lakhs. The median salary for the batch stood at INR 21.25 LPA, an increase from the INR 20 lakhs reported last year. This placement season saw participation from 105 companies on campus to hire the 238 participants from the class of 2018.

SPJIMR Deputy Director – External Relations, Prof. Abbasali Gabula said, “The placements performance of the Class of 2018 has set new records. The huge jump in consulting offers is due to the selfless efforts of the faculty, staff, alumni and in particular the members of the second-year Placements Committee.”

“More than 50 per cent of the     Class of 2018 received pre-   placement offers and pre-   placement interviews through   their   autumn internships at top   companies, which included leading  corporates like Boston Consulting Group, Tata Administrative Services, HUL, P&G, Amazon, Axis Bank, GE, AstraZeneca, among others. The large number of such offers served as an endorsement by the corporate world of SPJIMR’s unique initiative of autumns internships vs summers during which students work with a non-profit in the rural areas,” added Prof. Gabula.

At SPJIMR, the exposure of participants to rural markets is followed by specialization courses attended by the entire batch in leading global B-schools as part of the Global Fast Track (GFT) initiative, helping participants to grow as professionals and present a more rounded appeal.

The Finance and Marketing cohorts of the PGDM Class of 2018 travelled to the Johnson School of Management, Cornell University, New York. The IM specialization travelled to the Tepper School of Business, Carnegie Mellon University, Pittsburgh, while the Operations and Supply Chain specialization travelled to the Eli Broad College of Business, Michigan State University. The international exposure that the batch gains through this stint has been welcomed by the recruiters across industries.

Key highlights

• 92% of the batch received offers in excess of Rs. 17 lakhs
• 97% of the batch received offers in excess of Rs. 16 lakhs
• Average of top 35% of the batch touched Rs. 28 lakhs

The campus saw participation from a total of 47 new companies including the Aditya Birla Group, Accenture Tech, Alcon, AstraZeneca, Avendus Capital, Barclays, Flipkart, Google, HSBC IB, IBM, Intrigo, Metro Cash & Carry, Pidilite, Reliance Industries, Samsung India Electronics, Siemens Management Consulting, Tata Communications and Uber.

Consulting and FMCG continued to be the dominant sectors of hiring on campus. The consolidation seen in the e-commerce sector did not impact the number of offers in this space. The sector-wise break up showed Consulting in the lead at 35 per cent followed by FMCG/FMCD at 23 per cent. The other key sectors were Banking & Investment Banking (14 per cent) and e-commerce (12 per cent).