SPJIMR, this year, saw 27 new companies coming to campus for the autumn placements process, broadening the base of recruiters. It also saw FMCG and e-commerce companies picking up more candidates than ever before.
Some of the new companies were Kraft Heinz and VVF in the FMCG space; BCG and Cedar Management Consulting in the consulting space; Goldman Sachs, Lighthouse, TVS Capital, UTC, Avista Advisory, Duff & Phelps and Barclays in the investment banking and financial services space; and Samsung and InfoEdge in the technology sector.
The new companies accounted for 34 per cent of the offers. The placements come after students have completed specialisation courses at the institute, advanced courses in a global university and a six-week-long internship with non-profits, mostly in rural India.
The figures reflected an increased interest in SPJIMR and its two-year full-time MBA-equivalent Post-Graduate Diploma in Management (PGDM).
In line with previous trends, the FMCG/FMCD sector led the process with 16 companies participating, and 34 per cent of the batch was placed in the sector. This marked 2017 as one of the most successful years for the FMCG/FMCD cluster.
Amazon India emerged as the single largest recruiter, signifying the need for high-quality talent in a sector that is not only growing fast but is also preparing to move to the next level of growth as more Indians consume online.
Sector wise break-up of companies
The top recruiters came from diverse sectors like general management, FMCG, technology, financial services, investment banking, consulting and e-commerce, among others.
Some of the leading companies and groups hiring this season were Amazon India, Cloudtail, Asian Paints, Citibank India, BCG, Colgate Palmolive India, General Electric India, Godrej group, Hindustan Unilever, Mahindra Group Management Cadre, Microsoft India, Mondelez India Foods, Nestlé India, Lighthouse, TVS Capital, Goldman Sachs and Tata Administrative Services.
Overall, the placements season generated 257 internship offers from a total of 57 companies. Almost half (47 per cent) were new companies. The current batch, the PGDM class of 2018, has a total of 238 participants. Three participants opted out of the process because they had self-generated offers.
Stipend information
The average stipend was to the tune of ₹1,84,000, which represents a 24 per cent increase from 2016. Finance specialisation saw a 51 per cent increase in stipend and marketing specialisation was placed at an average of ₹2,00,000. The entire PGDM batch will draw a stipend of over ₹1,00,000 for the eight-week period of internship.