How is SPJIMR's placement report better than IIMs including IIM Calcutta and as good as IIM Ahmedabad (both Average and Median)?
Posted On - Apr 20, 2021Here are a few possible reasons why SPJIMR placements are better than or equally good as IIMs
- SPJIMR has a much smaller batch size in comparison to IIMs and thus the average rises.
- SPJIMR has a very rigorous selection process that filters the best students and the recruiters are well aware of this.
- SPJIMR enjoys a great location maximizing the exposure and opportunities rendered to the students.
- The students perform exceptionally well in the placement interviews and thus secure high packages.
It's important to note that these reasons are just based on speculations and it cannot be exactly determined why some placements are better than others.
This year's average annual salary of SPJMIR (cost-to-company) is INR 32.05 lakhs per annum, representing a 23% increase over last year's figure. The median annual salary was INR 30.10 lakhs per year, with over 59 percent of the batch receiving offers in excess of INR 30 lakhs per year and over 87 percent receiving offers in excess of INR 25 lakhs per year.
With the increasing intake of consulting firms, offers were extended to 91 students, the highest number ever reported by SPJIMR for a batch. Accenture Strategy, Alvarez & Marsal, Bain & Co., Boston Consulting Group, Deloitte, GEP, KPMG, Miebach, and PwC US Advisory were among the companies that took part.
According to the Indian Placements Reporting Standards (IPRS) audited report of IIM Ahmedabad placements 2021, the average salary offered to the PGP/MBA batch 2019-21 was INR 27.54 lakh per annum. The highest annual salary offered was INR 55.00 lakh, while the highest international salary offer was INR 1.16 crore. The average annual international salary offer was INR 74.80 lakh.
Every year, SPJIMR includes some additional component in addition to the MEP (MEP already includes non-cash, long-term, and performance-linked components as per IPRS standards), whereas IIMA does not.
Yes, SPJIMR benefits from NO reservation, a Mumbai location, and a smaller batch size, all of which contribute to a good placement record and a high average salary.
If you compare the media declared mean and the audited MEP then you will find a difference of 10-15% in the case of SPJIMR College while in the case of IIM A the mean is the same as the audited MEP of the audited report.
The following data shows how there are differences in media declared mean and audited MEP.
- 2018- Media declared: 22.24, Audited MEP: 19.74
- 2017- Media declared: 20.90, Audited MEP: 19.14
- 2016- Media declared: 19.30, Audited MEP: 17.85
- 2015- Media declared: 18.20, Audited MEP: 16.64
SPJIMR Placement Report 2021 -
- Participants in Batch - 233
- Companies Participating - 131
- First Time Recruiters - 75
- Total number of PPO - 79.
- Median Salary - 25.00 LPA
- Average Salary - 26.06 LPA
- Highest Salary - 46.65 LPA
|
Categories |
SPJIMR |
IIM Calcutta |
IIM Ahmedabad |
IIM Bangalore |
|
Placement Percentage |
90-100% |
100% |
100% |
100% |
|
Highest CTC |
35 LPA |
72 LPA |
60 LPA |
50 LPA |
|
Average CTC |
15 LPA |
25 LPA |
19-20 LPA |
16-17 LPA |
|
Recruiting Companies |
TCS, IBM, Mindtree, CITI, etc. |
BCG, Morgan Stanley, Nestle, HSBC, etc. |
Amazon, Google, Microsoft, Wipro, etc. |
Citi, Wipro, TCS, Berger, etc. |
The difference is there because SPJIMR includes some additional components in the calculation of MEP. You will also find a difference in the median as well. While taking admission in SPJIMR you will not face any reservation, you will get a good location and small batch size for good placement as well. But while in placements the top companies don’t visit SPIKMR which then visits IIM which results in lower average placements in SPJIMR. One also has to wait for 2 years to get the Indian placement reporting standards to compare the audited mean.
