The SP Jain Institute of Management and Research (SPJIMR), Mumbai, concluded its final placements for its class of 2018. This year, the highest number of offers came from Consulting--a whopping 35%! The average salary offered to students this year was ₹ 22.24 lakh per annum, while the median salary was ₹ 21.35 lakhs per annum.
Placement officials of this prestigious Mumbai-based institute reveal that more than 92% of the Post-Graduate Diploma in Management (PGDM) batch of 2018 received offers that were more than ₹17 lakhs. The 2018 median salary for the batch stood at ₹21.25 lakhs, marking an uptick of ₹1.25 lakhs from last year's ₹20 lakhs. 2018's placement drive saw 105 companies participating to hire all 238 students of the 2018 batch.
Highlights: Here are the highlights of the 2018 SPJIMR Final Placements:
|Total number of students||238|
|Number of students who did not participate in the placement process||4|
|Total offers made||263|
|Average salary||₹22.24 lakhs per annum|
|Median salary||₹21.35 lakhs per annum|
About 92% of the batch received ₹17 lakhs per annum, while 97% received ₹ 16 lakhs per annum.
The Deputy Director of the institute, Prof. Abbasali Gabula, said that over half the batch received PPOs and PPIs from their autumn internships with the cream of companies, such as the Boston Consulting Group, HUL, Amazon, GE, P&G, Tata Administrative Services, AstraZeneca, Axis Bank, etc.
Key placement trends: This year, the average salary was ₹ 22.24 lakhs, as against ₹ 20.9 lakhs of 2017, thereby registering an increase of ₹ 1.34 over the previous year. More than 92% of this year's PGDM batch received offers over ₹ 17 lakhs. Whereas the median salary was ₹ 21.25 lakhs, up from ₹ 20 lakhs of 2017, the hiring mood was upbeat with salaries rising if only marginally. This placement season, there were 105 companies on campus to hire the batch of 238 students.
Though the highest salary has not been revealed by SPJIMR Mumbai, yet it is known that the average salary increased by about ₹ 2 lakhs or so. In 2017, the highest salary was ₹ 39.5 lakhs while in 2016 it was ₹ 37 lakhs.
30% increase in recruitment in Consulting: 2018 saw an increase by 30% in the number of recruiting companies in the Consulting sector. From the total of 238 participants from the PGDM Class of 2018, 35% students were placed with the cream of consulting firms, registering a 30% increase in this domain over the previous year. This increase came with a rise in the annual average salary of the entire batch to a whopping ₹ 22.24 lakhs, in a recruitment season when the entire process was completed in record time.
PPOs to 50% of the class: More than half the class got Pre-Placement Offers (PPOs) and Pre-Placement Interviews (PPIs) after their autumn internships with leading companies. Some of these were Boston Consulting Group, HUL, Amazon, Tata Administrative Services, P&G, GE, Axis Bank, AstraZeneca, and others. These offers endorsed that India Inc. reposes great faith in SPJIMR and its faculty.
47 New Recruiters: The placement drive of 2018 saw 47 more companies, some of which were Accenture Tech, Google, IBM, Reliance Industries, Samsung India Electronics, Aditya Birla Group, Alcon, Barclays, AstraZeneca, HSBC IB, Avendus Capital, Siemens Management Consulting, Metro Cash & Carry, Uber, Pidilite, Flipkart, Intrigo and Tata Communications.
Global Fast Track: SPJIMR's students have been exposed to rural markets and a few specialization courses as part of its Global Fast Track (GFT) initiative through which it helps students grow professionally and present a more holistic personality.
Students of the Finance and Marketing specialization segment of 2018 visited the Johnson School of Management, Cornell University, New York. The IM specialization segment visited the Tepper School of Business, Carnegie Mellon University, Pittsburgh, while the Operations and Supply Chain specialization segment travelled to the Eli Broad College of Business, Michigan State University. Recruiters saw this international exposure as an added advantage the high quality of students of thie premium B-school.
Top Recruiters: Those recruiters who visited and hired students this year too included BCG, HUL, Goldman Sachs, Amazon, TAS, PwC SDC, Deloitte, RB, Airtel, Make My Trip, DBS Bank and TSMG, among others. First-time recruiters included Reliance Industries, Google, Samsung India Electronics, IBM, Aditya Birla Group, HSBC IB, Flipkart, AstraZeneca, Accenture Tech, Alcon, Metro Cash & Carry, Avendus Capital, Intrigo, Tata Communications, Pidilite, Siemens Management Consulting, Barclays, and Uber.
Sector-wise Placement Trends: The two dominant sectors seen at this placement drive were Consulting and FMCG. It was heartening to see that the consolidation of the e-commerce sector had no impact on the number of offers made to students in this domain. Consulting led the other sectors at 35% of the placement pie, with FMCG/FMCD trailing at 23%. Others that lagged behind were Banking & Investment Banking (14%) and e-commerce (12%).
Let's take a detailed look at each sector:
Consulting/IT Consulting: As mentioned above, this sector walked away with 35% of studentrecruitments.This year, the number of roles these recruiters offered were 30% more than last year's figures. Top consulting firms who recruited these students included the Boston Consulting Group, EY, PwC India & SDC, Bristlecone, Siemens Management Consulting, IBM, GEP, Capgemini, KPMG, Accenture Technologies, Deloitte, Intrigo, Cedar Management Consulting and TSMG. Profiles offered were in Strategic Consulting, IT consulting, Operations Consulting, Financial Advisory and Management Consulting.
Marketing and Operations: This sector offered 23% students roles. The FMCG/FMCD sectors that offered prestigious roles in Sales and Marketing and Supply Chain includedHUL, Asian Paints, Samsung India Electronics, Colgate-Palmolive, Nestlé, Johnson & Johnson, GSK CH, GSK Pharma, P&G, Mondelez, Marico, L'Oréal, Pidilite, Reckitt Benckiser, General Mills, and among others. The telecom sector was represented by Bharti Airtel, Vodafone, Sterlite Technologies and Tata Communications.
Finance: Nearly 14% of this batch received offers in financial services, investment banking and banking, higher than last year. Top recruiters in this sector include Goldman Sachs, ICICI Bank, Citibank, JM Financial, Barclays, HSBC IB, DBS Bank, Axis Bank, Avendus Capital, IIFL, RBL Bank and Yes Bank, among others. Roles offered were in investment banking, equity research, corporate/retail banking and NBFC. Companies like Cloudtail and Mondelez offered roles in corporate finance and strategy roles.
E-commerce: E-commerce companies recruited 12% of students, an increase since 2017. These companies included Amazon, Flipkart, Cloudtail, Paytm and Uber, among others. The profiles offered were product management, category management, business analytics, operations, business process excellence and online and offline marketing.
IT/ITES: 10% of the entire placement drive was taken by this sector. The cream of recruiters like General Electric, P&G, HUL and Pidilite offered top jobs to students in this sector. Other renowned recruiters who offered jobs include Microsoft, IBM, Flipkart, Capgemini, Value Labs, Media.net and Accenture Technologies.
General Management: This sector accounted for 6% of the jobs received by students. Large business houses likeReliance Industries, Mahindra & Mahindra, Aditya Birla Group, Tata Administrative Services and General Electric made nine offers for middle management roles in the realm of business understanding and those that relate to business process excellence, operations and business analytics.
SPJIMR is one of the top 10 MBA colleges of India. It accepts CAT, GMAT and XAT scores for admission to PGDM programme. It is known for its innovative programmes and pedagogic innovations, for which it has carved a distinct reputation for itself.