SPJIMR Placements 2021: Highest package of Rs 44 LPA offered amid COVID-19 crisis

Close to 75 new recruiters participated in the SPJIMR placement drive this year. As a result, the total number of companies in the process this year stood at 131.

SPJIMR Placements 2021: S. P. Jain Institute of Management and Research on 15 January 2021 announced the successful closure of placements for its PGDM Class of 2021 in a record time of two days. According to the SPJIMR placement report, the management institute signed off its placement drive with enthusiastic corporate participation amid the ongoing challenges brought by the novel coronavirus pandemic. During the placement drive, the consulting sector emerged as the top recruiting sector with offers rolled out to 36 per cent of the batch of 233 participants. Close to 75 new recruiters participated in the SPJIMR placement drive this year. As a result, the total number of companies in the process this year stood at 131, up from 122 last year. This built on a trend of increased offers from management and technology consulting companies seen last year and indicated a preference for participants from SPJIMR's PGDM programme.    

SPJIMR PGDM Placement 2021: Key Highlights

• Participants in the Batch: 233
• Number of companies participating: 131
• Number of first-time recruiters: 75
• Total Number of Pre-Placement Offers: 79
• Median Salary: Rs 25 LPA
• Average Salary: Rs 25.86 LPA
• Highest Salary: Rs 44.00 LPA
• Lowest Salary: Rs 15.00 LPA

The overwhelming results of the placement in terms of average salaries offered, the number of participating companies and the speed with which the offers rolled out reflected the goodwill of SPJIMR. Considering the ongoing pandemic situation and following the precautionary released by the health ministry in order to contain the virus spread, SPJIMR conducted the entire placement drive online using a variety of platforms and protocols to meet the convenience and security needs of companies. 

The institute states that “this was the first time the final placements process was conducted online, building on the experiences of participants using online platforms for the autumn internships. Students, faculty and businesses have not met physically since the lockdown forced by the pandemic took effect in March last year.”

The official report further reveals, “The average annual salary (cost-to-company) this year stands at INR 25.86 lakhs per annum. This is similar to the levels reported last year. The median annual salary came in at INR 25 lakhs per annum, with over 26 percent of the batch securing offers in excess of INR 30 lakhs per annum, and over 80 percent in excess of INR 20 lakhs per annum.”

While the FMCG sector emerged out as the major recruiter as always, making offers to close to 18 per cent of the batch. Top recruiters in this sector included Asian Paints, Colgate-Palmolive, Hindustan Unilever, L'Oréal, Marico, Mondelez, Procter & Gamble and RB. The consulting companies rolled out offers to 84 students, the highest ever reported by SPJIMR for a batch. The participant companies included Accenture Strategy, Bain & Co., Boston Consulting Group, Deloitte USI, EY, GEP, KPMG and PwC US Advisory among others. 

BFSI and E-commerce sectors closely followed the trend and companies such as Amazon, American Express, Axis Capital, Barclays, Citibank, Flipkart, Nomura, PayTM and Grofers (among others) participated in the process. Leading recruiters such as Capgemini ELITE, Mahindra GMC, RPG and Tata Administrative Services, offered general Management roles.

Despite the economic slowdown and other challenges brought by the pandemic, around 50 per cent of the batch bagged PPO/PPI opportunities through the autumns internship and corporate competitions with leading corporates such as Amazon, Boston Consulting Group, Colgate-Palmolive, Hindustan Unilever, Procter & Gamble and Tata Administrative Services among others. 

Talking about the overwhelming performance witnessed by SPJIMR Placements 2021, Professor Sajeev A George, Chairperson PGDM, said, "It is hugely satisfying to see a stellar placement performance during these difficult times. The teamwork and dedication of our faculty, staff and students have helped us to achieve this commendable feat. We shall stay focused to further enhance the rigour and relevance of our curriculum, as per the needs of the changing times."

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