Average stipend at Autumn Placements for the PGDM Class of 2017 at SPJIMR, Mumbai saw a 20% increase in stipend over the previous year to the tune of Rs 148,000 for the 8-week internship period.
It translates into more than 14% of the batch set to get a stipend of more than Rs 200,000.
As many as 53 companies, an increase of 25% over that of 2015, made 223 offers to the 229 students who participated in the placements.
For the recruiters, the special advantage lies in the fact that the participants have already completed their specialisations. They have also visited a global B-School for the Global Fast Track (GFT) as part of the program. In addition, they also had a six week-long internship with non-profit organisations, mostly in rural areas.
The recruiters were from diverse sectors including general management, FMCG, technology, financial services, investment banking, consulting and e-commerce.
This time, 29 new companies not only participated in the placements but also made 35% of the total offers.
They included Reckitt Benckiser, General Mills, ITC, Johnson & Johnson, L’Oreal (FMCG); GEP and Miebach Consulting (Consulting); Samara Capital, Investec, DBS bank, ICICI Prudential and MCX, (investment banking and financial services); Directi, HCL Infosystems and LinkedIn (technology).
The recruiters making repeat visit included Accenture Strategy, Amazon India, Asian Paints, Citibank India, Colgate Palmolive India, General Electric India, Godrej group, Hindustan Unilever, Mahindra Group Management Cadre, Microsoft India, Mondelez India Foods, Nestlé India, o3 Capital Advisors and Tata Administrative Services.
For the first time, the business school had partnered with companies overseas. Two of the students received offers for internships in international locations with Fortune 500 multi-national firms.
FMCG/FMCD sector, with more than 15 companies, claimed 37% of the batch.
Amazon India emerged the largest recruiter, despite the relative slowdown in the sector. An increase in offers was noticed in the FMCG, technology, consulting and financial services.
Prof. Abbasali Gabula, Deputy Director, External Relations & Administration, termed autumn placements as unique to SPJIMR with many more companies buying into this idea.
When all other campuses have summer projects between their first year and second year of studies, SPJIMR participants go for rural internships. Autumns projects are done in the second year post the specialisation courses and the ‘Global Fast Track’, which offers advanced courses in a top international university, he said.
Companies are very appreciative of the quality of output of eight weeks of project work. These projects are part of the academic requirement at SPJIMR and they are evaluated jointly by company mentors and faculty guides, he added.
ALSO READ: A Step-By-Step Guide To Filling Up SNAP 2016 Registration Form
Bharatiya Vidya Bhavan’s S. P. Jain Institute of Management and Research (SPJIMR), is ranked 4th in the Business Today B-school ranking.
As part of Global Fast Track (GFT) the students visited five B-Schools in the United States. These were Johnson Graduate School of Management, Cornell University, New York; University of Virginia’s Darden School of Business, at Charlottesville, Virginia; Carnegie Mellon University’s Tepper School of Business, Pittsburg; Purdue University’s Krannert School of Management, West Lafayette, Indiana; Eli Broad College of Business, Michigan State University; McCombs School of Business, University of Texas at Austin.
They visited Kedge School of Business campuses at Bordeaux and Marseille besides IESEG School of Management and Paris Dauphine University in France. They were also taken to ESB Business School, Reutlingen University in Germany and NUCB in Japan.
