Final Placements for the Class of 2017 at SPJIMR saw the highest salary going up to Rs.39.5 lakhs per annum and the average salary rising to Rs.20.9 lakh, from Rs.19.3 lakh in the previous year.
More than 90 % of the 2-year Post Graduate Diploma in Management (PGDM) Class received offers of Rs. 15 lakh or more, with a median salary of Rs. 20 lakh.
The placements season saw 104 companies on campus to hire the 229 participants of the Class of 2017.
Among the regular recruiters were TAS, Deloitte, Accenture Strategy, Mahindra GMC, HUL, P&G, Microsoft, PwC-PRTM, Axis Bank, and JM Financial. The Class also received five international offers.
“We are especially pleased with the placement results for the PGDM Class of 2017 because corporate India is facing unique challenges in the local and global business environment. Hence, our results reflect the high level of trust reposed by recruiters in our institute and our students,” Prof. Malay Krishna, Associate Programme Head and Faculty-In-Charge of Career Services of the PGDM programme, said.
“We hope to build on this through improvements in curriculum, infrastructure and the placements process,” he added.
Prof. Abbasali Gabula, Deputy Director (External Relations) said, “The performance is a reflection of how leading corporates value the unique pedagogy at SPJIMR. After spending time in the classroom, mentoring underprivileged school children, working with non-profits in rural areas and taking advanced specialisation courses in leading B-Schools in the US, our students stand out as being ready for responsible roles.
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“The introduction of ‘Design Thinking’ as a core course has also been highly appreciated by recruiters,” he added.
Among the new recruiters were 51 companies including Goldman Sachs, Reckitt Benckiser, General Mills, ITC, Johnson & Johnson, GEP, Miebach Consulting, Samara Capital, Investec, DBS Bank, ICICI Prudential, MCX, Directi, HCL Infosystems, LinkedIn, SAP, DSP BlackRock, Samsung, Amway, Heinz, Siemens, Sony Music, Pernod Ricard and Texas Instruments.
Consulting, FMCG Lead the Pack
Consulting and FMCG firms yet again led the placements in the number of participants hired on campus. The consolidation phase in the e-commerce industry brought an anticipated slowdown in hiring, with the number of offers made by e-commerce remaining consistent as last year.Top consulting firms made offers to 27% of the Class of 2017, which is same as last year.
SPJIMR maintained its niche in FMCG hiring, with 30% of the batch recruited by FMCG firms, a 38% increase in the number of offers from the previous year.
More than half of the Class received pre-placement offers and pre-placement interviews through their autumn internships at top corporate houses. The firms included Amazon, Asian Paints, Axis Bank, Colgate-Palmolive, GE, HUL, Mondel?z, P&G, TAS and ITC among others.
In the 229-member batch, 2 students had opted out of the placements. The number of companies participating in the placement came to 104, including 51 new recruiters. The total number of Pre-Placement Offers was 86.
A total number of 256 offers, including 5 International offers were made. While 91% of the batch has offers of Rs. 15 lakh and more, 98% of the batch received salary offers of Rs.14 lakh and more. The median salary for the batch was 20.0 lakh.
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Sector-wise Recruiters
In General Management, conglomerates like Mahindra & Mahindra, General Electric and Tata Administrative Services made nine offers in several middle management positions.
The roles pertain to application of business understanding in all relevant domains and also entail close co-ordination with CXOs. The new appointees are groomed to be future leaders in their respective business subsidiaries.
E-commerce
The offers coming from e-commerce companies remained the same as last year. Around 11% of the batch was placed in e-commerce firms which included Amazon, Cloudtail and Paytm among others.
The profiles offered by the e-commerce companies at SPJIMR included category management, product management, online and offline marketing, business process excellence, operations and business analytics.
Consulting/ IT Consulting
The number of roles offered by major consults on campus remained the same as last year. Top consulting firms which included Accenture Strategy, GEP, Deloitte, IMS, PwC, KPMG, PRTM Consulting, TSMG, Avalon Consulting among others placed 27 % of the batch. The profiles offered included strategic consulting, operations consulting, financial advisory and IT consulting.
Finance
The batch picked up offers from top league financial players that included Goldman Sachs, Axis Bank, ICICI Bank, DBS Bank, Citibank, JM Financial, Franklin Templeton, Yes Bank among others.
Offers were received across a plethora of functions ranging from investment banking, corporate banking, corporate finance, international banking, capital markets etc. Corporate finance/strategy roles were offered by Mondelz, Godrej, General Electric and Vodafone among others. About 9% of the batch got offers in the financial services and banking sector.
IT/ITes
IT companies such as Microsoft, IBM, Microland, Hexaware Technologies and HCL Technologies offered sales and consulting roles on campus. IT majors made offers to 8 % of the batch. Corporate IT roles were offered by companies such as General Electric, HUL and Asian Paints.
Marketing and Operations
Top FMCG companies were back on campus to make offers to the marketing and operations batch. Around 30% of students receieved offers. Sales, marketing and supply chain roles were offered by FMCG/FMCD majors that included Asian Paints, Colgate-Palmolive, GSK CH, HUL, Marico, Reckitt Benckiser, General Mills, Nestlé and Nivea. Telecom roles were offered to students by Bharti Airtel, Vodafone and Tata Sky.
S.P. Jain Institute of Management & Research (SPJIMR) is a constituent of the Bharatiya Vidya Bhavan and is ranked among the top ten business schools of India. It is located on a sprawling 45 acre campus in the western suburbs of Andheri in Mumbai.
