SPJIMR has announced a 30 per cent jump in the number of participants placed with marquee consulting firms in the final placements process for its two-year PGDM programme. The increase came alongside a rise in the annual average salary of the batch to ₹22.24 lakh, capping a season in which the interviews and offer processes were completed in record time.
The 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 from ₹20.9 lakhs in the previous year. Over 92 per cent of the PGDM batch received offers in excess of ₹17 lakh. The median salary for the batch stood at ₹21.25 lakh, an increase from the ₹20 lakh reported last year. This placement season saw participation from 105 companies on campus.
SPJIMR Deputy Director - External Relations, Prof Abbasali Gabula said, "The placements performance 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 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, and AstraZeneca, among others."
The campus saw participation from 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 and investment banking (14 per cent) and e-commerce (12 per cent).