Bharatiya Vidya Bhavan’s SP Jain Institute of Management and Research (SPJIMR) Mumbai has announced the successful completion of final placements for 238 students of its PGDM class of 2022. The average annual salary (cost-to-company) this year stands at ₹32.05 lakh per annum, making a leap of 23 per cent from last year. The median annual salary is ₹30.10 lakh per annum. The highest salary is ₹53.16 lakh per annum, which is a 14 per cent increase compared to last year.
Consulting is the top recruiting sector in the virtual placement process with offers rolled out to 38 per cent of the batch. Over 59 per cent of the batch secured offers above ₹30 lakh per annum and over 87 per cent receive more than ₹25 lakh per annum.
Top recruiters
With the increasing intake by the consulting companies, offers were rolled out to 91 students, the highest number reported by SPJIMR. The participating companies include Accenture Strategy, Alvarez & Marsal, Bain & Co., Boston Consulting Group, Deloitte, GEP, KPMG, Miebach, and PwC US Advisory, among others.
Recruiters in the FMCG sector made offers to over 22 per cent of the batch. Top recruiters in this sector include Asian Paints, Colgate-Palmolive, Hindustan Unilever, ITC, Kimberly Clark, L’Oréal, Marico, Mondelez, Procter & Gamble and Reckitt, among others.
This was closely followed by offers in the private equity, BFSI, tech, and e-commerce sectors that with companies such as Amazon, American Express, Avendus, Axis Capital, Flipkart, GEF Capital, Goldman Sachs, Info Edge, JM Financial, Microsoft, MMT, and PayTM, among others, participating in the process. General management roles were offered by leading recruiters such as Capgemini ELITE, Mahindra GMC, and Tata Administrative Services.
Emerging trends
Of the 70 companies participating, 33 companies were first-time recruiters. A record number of pre-placement offers were made, with over 52 per cent of the batch receiving them through autumns internships and corporate competitions with companies such as Amazon, Accenture Strategy, Boston Consulting Group, Colgate-Palmolive, Hindustan Unilever, Intuit, Procter & Gamble, and Tata Administrative Services, among many others.
Prof Sajeev A George, Chairperson PGDM said, “We are delighted to see the superb placement outcomes. It’s a validation of our continued emphasis on the currency of the curriculum and pedagogical innovations. The hard work of our students and the commitment of our faculty and staff have helped us achieve this record-breaking feat.”
Prof Abbasali Gabula, Associate Director, External Relations said, “We faced special challenges this placement session particularly as the institute re-opened and then closed again with the third wave of the pandemic. Our teams re-adjusted quickly, the students came together and as a team, we ensured that the season’s performance was one of the best we have seen in recent times.”