18 Aug 2020 20:13 IST

SPJIMR secures internship placements for PGDM batch virtually

88 recruiters from BFSI, e-commerce, FMCGs, pharmaceuticals and consulting industries participated

Bharatiya Vidya Bhavan’s S P Jain Institute of Management and Research (SPJIMR) has successfully conducted the internship placements for its two-year fulltime PGDM programme’s for the batch of 2021, virtually.

The placement season this year ran on a virtual campus recruitment model that was quickly put in place after Covid -19 pandemic forced a temporary closure of educational institutions. The SPJIMR internship process saw participation from 88 recruiters, who cumulatively rolled out over 268 offers, across industries, such as, BFSI, e-commerce, FMCGs, pharmaceuticals and consulting for 236 PGDM students.

New recruiters join the process

FMCG and e-commerce continued to be the most dominant sectors, in terms of the number of hires, with 33 per cent and 15 per cent of the participants placed in these sectors respectively. The median compensation for offers for the two-month internship clocked in at ₹240,000, with the average stipend rising above ₹201,000. More than 60 per cent of the batch received offers of ₹200,000 and above.

The season saw 61 new recruiters, which included Allianz Investment Management, Invesco Mutual Fund, ICICI Prudential AMC and Prione.

Online placements

The ‘autumn’ placement process is a SPJIMR innovation, which enables participants to take up an internship after they have completed a rural internship and specialisation courses. This, in combination with the virtual classes, offers a differentiated value proposition to companies.

The key highlight of the season was pioneering the virtual recruitment process that was handled across a combination of platforms, such as, Zoom, Microsoft Teams, Google Meet, Cisco WebEx and Amazon Chime. The group discussions and interview panels were replicated virtually through unique features across these different platforms.

SPJIMR Dean Ranjan Banerjee said, “This is a commendable performance in a difficult year. It is a result of close collaboration among the placement team, faculty, alumni and corporate partners.”

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