03 August 2022 15:20:36 IST

FMCG companies are top recruiters in SPJIMR’s autumn internships

Bharatiya Vidya Bhavan’s SPJIMR’s 2023 PGDM batch of 237 students have secured autumn internships with an average stipend of ₹2.95 lakh. A total of 312 offers were received from 41 companies, of which FMCG was in the lead followed closely by consulting companies.

Autumn internship is a distinctive feature of the two-year full-time PGDM programme, allowing students to take up corporate internship projects in their second year after completing a term in their chosen specialisations and a social internship in the first year.

“The velocity of placements for the autumns internship at SPJIMR this month is testimony to our relationship and partnership with our recruiters. The industry will see the impact of our continued focus on influencing practice in classrooms,” said Dr Renuka Kamath, Associate Dean (Full-Time Programmes), SPJIMR.

The median compensation of the batch crossed ₹3,00,000, an increase of 7 per cent over 2021. The average stipend crossed ₹2,95,000, a 13 per cent increase over the previous year. The top 50 per cent of the batch received an average offer of ₹3,34,000, and the top 20 per cent of the batch received an average offer of ₹ 3,66,000.

FMCG, consulting dominate

FMCG was dominant with 39 per cent of the participants placed in this sector. Followed by consulting companies who recruited 30 per cent of the batch. In keeping with the emerging interest, product management roles saw a 100 per cent increase in the number of offers. Opportunities in the gaming product management domain were also offered for the first time.

There were ten new recruiters this season including Kearney, Synergy Consulting, Games 24*7, and Mars and India Alternatives, among others. Other recruiters came from diverse sectors like BFSI and e-commerce.

Dr Sajeev Abraham George, PGDM Programme Chair, said, “We are confident that through internship projects our students will apply their learnings and create value for companies. We shall continue to innovate our curriculum and pedagogy to achieve superior learning outcomes for our students.”