New Delhi: S.P. Jain Institute of Management and Research, Mumbai has successfully concluded the final placement drive for PGP students of class 2023. Students who joined the placement session received the highest salary package of up to INR 77.8 lakh per annum.
For this session, the average salary package offered to PGP students stood at INR 33.02 lakh per annum, while the median salary was recorded at INR 32.89 lakhs. While comparing the data, SPJIMR has recorded an increase of 9.3% in its medium salary package from last year's.
Out of the total students, 70% have secured job offers from top recruiters with a salary package of above INR 30 lakhs per annum. The highest number of offers were made to participants by some of the top recruiters including FMCG, Consulting, BFSI, Pharma and Tech.
In addition to this, offers were also made by 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 other recruiters.
Informing about the SPJIMR PGDM Placement 2023, the official press release shared, "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”.
32% of batch students received offers in consulting firms including Accenture Strategy, Boston Consulting Group, Deloitte, GEP Worldwide, Kearney, KPMG, Praxis Global Alliance and PwC US Advisory. Additionally, an international offer was made to participants by Infosys.
From BFSI, Tech and Pharma sectors, companies like American Express, Barclays, Cisco, Dr. Reddy’s Laboratories, Haleon, Edelweiss, Flipkart, MakeMyTrip, PayTM and ServiceNow participated in the recruitment process.
Referring to the data, the institute shared, “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,” the institute further added.
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