SPJIMR Placements 2023: PGDM student receive highest package of 77.8 LPA

The FMCG sector emerged as the top recruiting sector, with 35% of the batch receiving offers.

Bharatiya Vidya Bhavan's SP Jain Institute of Management and Research, Mumbai recently concluded the Final Recruitment Process for its PGDM Class of 2023 in a record number of process days with huge corporate participation. SPJIMR Placements 2023 were conducted in hybrid mode. The FMCG sector emerged as the top recruiting sector, with 35% of the batch receiving offers. This built on a trend of increased offers year on year from premier FMCG companies, making SPJIMR a preferred campus.

35% of batch recruited by FMGC firms

This year, the average annual salary (cost-to-company) stood at INR 33.02 lakhs per annum. The median annual salary came in at INR 32.89 lakhs per annum which registered a rise of 9.3% over last year, with over 70 percent of the batch securing offers above INR 30 lakhs per annum and over 92 percent in excess of INR 25 lakhs per annum. Stellar placements and a steady growth over the previous year was witnessed despite the current market scenario around tech and impending fears of recession around the world.

FMCG firms recruited 35 percent of the batch, with offers from sector leaders like Asian Paints, Castrol, Colgate-Palmolive, General Mills, Godrej Group, Hindustan Unilever Limited, ITC, Kimberly Clark, L'Oréal, Marico, Mondelez, Nestle, P&G and Reckitt among others.

The consulting sector was also a major recruiter and made offers to 32 percent of the batch. The participating companies included Accenture Strategy, Boston Consulting Group, Deloitte, GEP Worldwide, Kearney, KPMG, Praxis Global Alliance and PwC US Advisory among others. This year SPJIMR also received an international offer by Infosys.

This was closely followed by offers in the BFSI, Tech and Pharma sectors that saw companies like American Express, Barclays, Cisco, Dr Reddy’s Laboratories, Haleon, Edelweiss, Flipkart, MakeMyTrip, PayTM and ServiceNow among others participating in the process.

Record number of front-end investment banking roles were offered by marquee firms like BDA Partners, JM Financials, O3 Capital and Novaa One. Offers in investment banking increased by 75% compared to last year. Buy side firms like Hedge Funds, Venture Capital and Asset Management also visited the campus, with offers from Pinpoint Asset Management, WEH Ventures and Edelweiss Asset Management.

Despite a slowdown in the tech sector, 33% of the Information Management specialisation was placed in the Product Management sector. This year saw new recruiters like Service Now and Cisco. There has been an overall increase in the number of product management offers compared to the previous year.

General Management roles were offered by leading recruiters such as Aditya Birla Group, Capgemini ELITE, Mahindra GMC and Tata Administrative Services.

In addition to the regular recruiters from SPJIMR, the campus onboarded 42 first-time recruiters from various sectors.

Over 47% of the batch was awarded Pre-Placement Offers via Autumn Internships and Corporate

Competitions with leading companies such as American Express, Accenture Strategy, Boston Consulting Group, Colgate-Palmolive, Hindustan Unilever Limited, Procter & Gamble, and Tata Administrative Services among many others.

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