SPJIMR announced, on Tuesday, the completion of placements for its MBA-equivalent programme, the two-year Post Graduate Diploma in Management (PGDM).
The class of 2017 clocked a new high as the highest salary on campus jumped to ₹39.5 lakh per annum. The average salary rose to ₹20.9 lakh, up from ₹19.3 lakh last year. More than 90 per cent of the class received offers of annual salary of ₹15 lakh or more.
As many as 104 companies came on campus to hire 229 participants that were the class of 2017. Regular recruiters like TAS, Deloitte, Accenture Strategy, Mahindra GMC, HUL, P&G, Microsoft, PwC-PRTM, Axis Bank, and JM Financial came back to the institute to hire students. Apart from these, five international offers were also given.
Professor Malay Krishna, associate programme head and faculty-in-charge of career services, said, “We are very pleased with the placement results because corporate India is facing unique challenges in the local and global business environment. Our results reflect the high level of trust reposed by recruiters in our institute and students. We hope to build on this through improvements in curriculum, infrastructure and the placements process.”
Professor Abbasali Gabula, Deputy Director (External Relations) said: “The placements performance of the class of 2017 has reached a new high. I call it the magic of 2017. We have achieved this with the selfless efforts of the faculty, staff and members of the SPJIMR family, and in particular the members of the second year placements committee.”
“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. The introduction of Design Thinking as a core course has also been highly appreciated by recruiters,” added Prof. Gabula.
As many as 51 new companies like Goldman Sachs, Reckitt Benckiser, General Mills, ITC, Johnson & Johnson, GEP, Miebach Consulting, Samara Capital, Investec, DBS Bank, ICICI Prudential, HCL Infosystems, LinkedIn, SAP, Samsung, Amway, Heinz, Siemens, Sony Music, Pernod Ricard, and Texas Instruments among others, participated in the recruitment.
Consulting and FMCG firms led the placements in the number of participants hired on campus. The consolidation phase in the e-commerce industry has brought an anticipated slowdown in hiring, with the number of offers made by e-commerce remaining consistent as last year.
The campus however maintained its niche in FMCG hiring, with 30 per cent of the batch recruited by FMCG firms, a 38 per cent increase in the number of offers from last year. Top consulting firms made offers to 27 per cent of the Class of 2017, which is same as last year.
More than half of the class received pre-placement offers and pre-placement interviews through their autumn internships.