SPJIMR, Mumbai has announced wrapping up of another spectacular season of placements for the out-going PGDM Class of 2016. The placement 2016 has witnessed 89 companies queuing up to hire the 226 participants of the Class.
The placement season witnessed the regular recruiters like TAS, BCG, Deloitte, Accenture Strategy, Mahindra GMC, HUL, P&G, Microsoft, PwC-PRTM, Axis Bank, and JM Financial returning to recruit talent from the batch, proving that SPJIMR remains a preferred campus for B-School recruitment. The campus also saw participation from 26 new companies like Avendus capital, Diamond PwC, PayTM, Cloudtail, Astrazeneca, Indusind Bank and Microland.
Consulting and FMCG firms ruled the roost at SPJIMR yet again. The consolidation phase in the e-commerce industry brought an anticipated slowdown in hiring, with the number of offers made by e-commerce firms declining by 61%. The campus however maintained its niche in FMCG hiring, with 23% of the batch recruited by FMCG firms. 28% of the Class of 2016 secured offers from top consulting firms, which is about 65% increase in the opportunities brought in by Consults.
Key placement trends
The average salary increased to 19.3 lacs, from 18.2 lac last year at SPJIMR placement 2016 while the highest salary offered on campus also spiked by 25% to 37 lakhs per annum. 82% of the students received offers of 15 lakhs or more, with a median salary of 17.38 lakhs
45% of the Class of 2016 received Pre-Placement Offers and Pre-Placement Interviews through their Autumns Internships at top corporate houses, some of which included Amazon, Asian Paints, Axis Bank, Colgate-Palmolive, GE, HSBC, HUL, Mondelez, P&G, TAS among others.
Sectoral placement
General Management
This year, conglomerates like Mahindra & Mahindra, Reliance Industries Limited and Tata Administrative Services made about 15 offers in several middle management positions. The roles pertain to application of business understanding in all relevant domains and also entail close co-ordination with CXOs. The hires are groomed to be future leaders in their respective business subsidiaries.
E-commerce
Given the consolidation in the e-commerce industry, there was a drop in the offers coming from e-commerce companies. Around 10% of the batch was placed in e-commerce firms which included Amazon, Cloudtail, PayTM, and Cardekho among others.
The profiles offered by the e-commerce bandwagon at SPJIMR included category management, product management, online and offline marketing, business process excellence, operations and business analytics.
Consulting/ IT Consulting
There was a significant increase in the number of roles offered by major consults on campus. 28% of the batch was placed in top consulting firms which included the Boston Consulting Group, Cognizant Business Consulting, Deloitte, IBM, PwC, KPMG, PRTM Consulting, TSMG, Avalon Consulting among others.
The profiles offered at SPJIMR included strategic consulting, operations consulting, financial advisory and IT consulting.
Finance
The talented batch picked up offers from top league financial players that included Axis Bank, Standard Chartered, HSBC Bank, Citibank, JM Financials, Yes Bank amongst others.
Offers were received across a plethora of functions ranging from Investment Banking, Corporate Banking, Corporate Finance, International Banking, Capital Markets etc.
Corporate Finance/Strategy roles were offered by Mondelez, Godrej, GE and Vodafone among others. About 9% of the batch got offers in the Financial Services and Banking sector.
IT/ITes
IT companies such as Microsoft, IBM, Microland, Hexaware Technologies and HCL Technologies offered sales and consulting roles on campus. 10% of the batch received offers from IT majors. Corporate IT roles were offered from companies such as General Electric, Hindustan Unilever Ltd. and Marico.
Marketing and Operations
SPJIMR maintained its niche in FMCG hiring. This year witnessed the top FMCG companies lining up on campus to make offers to the Marketing and Operations batch. Around 23% of students were doled out offers by the FMCG sector.
Sales, Marketing and Supply Chain roles were made by FMCG/FMCD majors that included Asian Paints, Col-Pal, GSK CH, HUL, Mondelez, Marico, and Nivea. Telecom roles were offered to students by Bharti Airtel and Vodafone.
Key Highlights
- 82% of the batch has offers of Rs. 15 lakhs and more
- 96% of the batch has salaries of Rs.13 lakhs and more
- The median salary for the batch of 226 students was Rs.17.38 lakhs
Bharatiya Vidya Bhavan's S. P. Jain Institute of Management and Research (SPJIMR), is popularly considered as one of India’s best B-Schools. It has acquired 4th Rank in the recent Business Today B-school ranking. Global Fast Track (GFT) – a novel initiative for the Class of 2016 wherein the entire batch travels to USA for specialised courses in various top universities – kicked off this year with the batch getting exposure to top faculty from universities like Carnegie Mellon, Cornell, Purdue and Darden. Positive feedback from the recruiters about the perspective the students have gained from the GFT experience was a great plus.
SPJIMR enjoys a good reputation with the industry for the high quality managers that it nurtures through a unique pedagogic approach in preparing socially sensitive graduates with a global mindset.
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