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Consulting leads as SPJIMR closes PGDM placements in record time

08 / 01 / 2018 (Monday) || 12:39 PM
Mumbai based SP Jain Institute of Management & Research (SPJIMR) recently announced a 30 per cent jump in the number of participants placed with marquee consulting firms in the final placements process for its prestigious two-year PGDM programme. The increase came alongside a rise in the annual average salary of the batch to Rs. 22.24 lakh, capping a season in which the interviews and offer processes were completed in a record time.

The performance reflected the upbeat mood of businesses stepping into the New Year and the continued strong demand for talent from SPJIMR as a top-ranked school of management. SPJIMR has stood out as a preferred hiring campus for recruiters particularly because of its approach to imparting knowledge, skills and attitude, a storied learning model captured in the institute's 'Courage.Heart' brand.

The SPJIMR placements office released detailed placement numbers on January 4, saying that 35 per cent 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 Rs. 22.24 lakh, up from Rs. 20.9 lakh the previous year. Over 92 per cent of the PGDM Class of 2018 batch received offers in excess of Rs. 17 lakh. The median salary for the batch stood at Rs. 21.25 lakh, an increase from the Rs. 20 lakh reported last year. This placement season saw participation from 105 companies on campus to hire the 238 participants from the class of 2018.

Comments SPJIMR deputy director - external relations, Professor 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 specialisation 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 specialisation travelled to the Tepper School of Business, Carnegie Mellon University, Pittsburgh, while the Operations and Supply Chain specialisation 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.

Prof. Malay Krishna, associate PGDM Head, said, "Employers find that our graduates start contributing very swiftly - they quickly get into the thick of things and truly practice the art of management. At SPJIMR, we attribute this phenomenon to our unique admissions process combined with differentiated curriculum content, structure and delivery."

This placement season saw the return of regular recruiters like TAS, BCG, Deloitte, HUL, P&G, PwC, SDC, Goldman Sachs, Airtel, DBS Bank, Amazon, Make My Trip, RB and TSMG among others.

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).

Key highlights

Participants in the batch - 238
Participants opting out of the placement process - 4
Number of participating companies - 105
Number of first time recruiters - 47
Total number of pre-placement offers - 81
Total offers made - 263
Average Salary - Rs. 22.24 lakh
92 percent of the batch received offers in excess of Rs. 17 lakh
97 percent of the batch received offer in excess of Rs. 16 lakh
Average of Top 35 percent of the batch touched Rs. 28 lakh
The median salary for the batch was Rs. 21.35 lakh

A constituent of the Bharatiya Vidya Bhavan, Mumbai based SP Jain Institute of Management & Research (SPJIMR) is ranked among the top ten business schools of India. To learn more, visit
http://www.spjimr.org.