SPJIMR Mumbai concluded its 2021 placement drive for the PGDM batch in a record time of two days, over 75 new recruiters participated in the placement drive, who offered an average package worth INR. 25.86 LPA.

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. Some of the top recruiters were- Colgate-Palmolive, Hindustan Unilever, L'Oréal, Marico, Mondelez, Procter & Gamble, Barclays, Citibank, Flipkart, Amazon, Boston Consulting Group, Capgemini ELITE, Mahindra GMC, RPG, and etc.

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SPJIMR Mumbai Placements 2021 PGDM Report

The following table highlights the details of the PGDM placements held at the institute:

No. of Students 233
No of Recruiters 131
First Time Recruiters 75
Highest CTC INR. 44 LPA
Average TCC INR. 25.86 LPA
Median CTC INR. 25 LPA
Lowest CTC INR. 15 LPA
No. of PPOs 79

The institute released its placement report for the PGDM batch of 2021. A total of 131 companies came to the institute to offer job roles to 233 participants. The Average annual salary stood at INR. 25.86 LPA, the Median annual salary came in at INR. 25 LPA, with over 26% of the batch securing offers in excess of INR. 30 LPA, and over 80% in excess of INR. 20 LPA.

Also, the institute witnessed excellent growth in the number of companies visiting the campus with 75 new recruiters.

Under the discipline of PGPM, the institute witnessed a drop in the salary packages in comparison to the previous year. 

With regards to the sector-wise placements, the FMCG sector emerged as the major recruiter as always, making offers to close to 18% 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.

Around 50% of the batch bagged PPO/PPI opportunities through the autumn 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. 

SPJIMR Mumbai Placements 2021 Ecommerce 

The following table represents the Recruiter-wise Placement Statistics:

Company Role Salary (INR. in LPA) No. of students
Amazon Product, Program, Ops, BD 35-40 13-15
Flipkart Management Trainee 25-30 3-4
Uber Ops, Logisticd 25-30 5 in 2019
OLA Program , Strategy 25-30 3-4
Swiggy Ops 20-25 2-3
Makemytrip Product 16-18 3-4
Cloudtail Vendor Management 35-36 4-5
Grofers MT - 2-3
Ninjacart Program Manager 17-20 2-3

Under the E-commerce sector, the highest CTC ranged between INR. 35-40 LPA offered by Amazon.

SPJIMR Mumbai Placements 2021 Finance

The following table represents the Recruiter-wise Placement Statistics:

Company Role Salary (INR. in LPA) No. of students
Goldman Sachs IB, Securities 25-30 -
Nomura IB 20-25 -
Bank Of Amrica Markets 25-30 -
Sabre Capital IB - -
ICICI Bank Corp Banking 16-20 -
HDFC Bank Corp Banking 15-20 -
American Express Analyst 22 2-3

Under the Finance sector, the highest CTC ranged between INR. 25-30 LPA offered by Goldman Sachs and Bank of America.

SPJIMR Mumbai Placements 2021 Consulting

The following table represents the Recruiter-wise Placement Statistics:

Company Role Salary (INR. in LPA)
BCG Strategy / Consulting 28-29
Bain & Co Strategy / Consulting 27-28
A&M Strategy / Consulting 24-25
Accenture Strategy Strategy / Consulting 30-32
Deloitte Strategy / Consulting 20-24
GEP Worldwide Strategy / Consulting 20-25
PwC Strategy / Consulting 22-23
KPMG Strategy / Consulting 20-22
IBM Strategy / Consulting 17-19
EY Strategy / Consulting 19-20

Under the Consulting sector, the highest CTC ranged between INR. 30-32 LPA offered by Accenture Strategy.

SPJIMR Mumbai Placements 2021 General Management

The following table represents the Recruiter-wise Placement Statistics:

Company Role Salary (INR. in LPA)
ABG Leadership Associate 25
TAS TAS Manager 24-25
Mahindra GMC GMC Trainee 26-27
Airtel Management Trainee 22-23
Adani Group Management Trainee 22-23
Capgemini ELITE ELITE 19-20

Under the General Management sector, the highest CTC ranged between INR. 26-27 LPA offered by Mahindra GMC.

SPJIMR Mumbai Placements 2021 Sales & Management

The following table represents the Recruiter-wise Placement Statistics:

Company Role Salary (INR. in LPA)
HUL S&M 26-27
P&G S&M 26-27
J&J S&M 21-22
ITC S&M 24
Marico S&M 23-24
Nestle S&M 22-24
Mondelez S&M 22-23
Asian Paints S&M 22
Colgate Palmolive S&M 26-27
Nivea S&M 17-20
RB S&M 24-25

Under the Sales & Management sector, the highest CTC ranged between INR. 26-27 LPA offered by HUL, P&G, and Colgate Palmolive.

SPJIMR Mumbai Placements 2021 IT & Other

The following table represents the Recruiter-wise Placement Statistics:

Company Role Salary (INR. in LPA) No. of students
Microsoft GSMO 30-32 2-3
Media.net Produt 22 1-2
Intuit Product - 1-2
Cisco Product 20-24 2-3
Samsung Product 22 2-3
Freshworks Management Trainee 20-23 5-6
Byju's Strategy, Product 25-28 1-2

Under IT & Other sectors, the highest CTC ranged between INR. 30-32 LPA offered by Microsoft.

SPJIMR Mumbai Year-wise PGDM Placement Trends 

The comparison of 2020 from the last two years i.e. 2019 and 2018 is shown in the graph below in terms of CTC offered.

SPJIMR Mumbai Placement

The institute has witnessed growth in the Average CTC and Median CTC offered to students. The constant increase in the salaries is a great sign for the institute and the future batch that are going to graduate from the institute. 

SPJIMR Mumbai PGDM Sector-wise Placements 2020

The students received offers from different sectors and companies visiting for the same in the final placement drive conducted for the management program at SPJIMR. The institute saw major participation coming from companies as well as the students sitting for different sectors.

SPJIMR Mumbai Placement

As per the data presented above, it can be seen that the major participation came from the Consulting sector i.e 28%. GM & Leadership and FMCG also made offers to students with 26% and 23% respectively. IT & Analytics sector also performed relatively better as compared to its previous performance. 

SPJIMR Mumbai PGDM Top Recruiters 2020

Huge participation of domestic as well as international companies was seen with a positive mindset and their interaction with students was also tremendous. Major offers were made to students with many improvements as compared to last year.

A total of 44 new recruiters was witnessed by the institute. Consulting and Finance sectors were favorite this season. Every sector witnessed improvement with increased numbers of companies coming to hire.

Major Recruiters in different sectors are shown below in the tabulated form :

Sectors Companies
Consulting McKinsey & Company, PwC, EY
Finance Goldman Sachs, Citi, American Express
IT/ITES Asian Paints, Hindustan Unilever
E-commerce Flipkart, Uber, Paytm, Amazon, Cloudtail
Marketing and Operations Johnson & Johnson, Pidilite, GM
General Management and Leadership Aditya Birla Group, Tata Administrative Services, Mahindra & Mahindra

SPJIMR Mumbai Placements 2019 PGPM 

The institute recorded a high placement record for its one-year PGPM program. The average salary of the batch stood at INR 18.38 LPA and the Highest salary has shot up to INR 43.06 LPA.

SPJIMR’s PGPM recorded a steady rise in the salary over the past few years, with a big leap with the class of 2019. The following tabulation represents the year-wise salary trend-

Salary Trends 2018 2019
Highest CTC INR. 27.03 LPA INR. 43.06 LPA
Average CTC INR. 18.05 LPA INR. 18.38 LPA

As per the data provided above, it is evident that the institute witnessed a surge in terms of the highest CTC provided.

SPJIMR Mumbai PGPM Sector-wise Placements

In terms of Sector-wise Placements, the Media & Advertising and IT companies offered the highest average salary – INR. 20 LPA and INR 18 LPA respectively. Sector-wise salary breakup is as follows:

SPJIMR Mumbai Placement

The following table represents the number of offers forwarded by different sectors of the industry-

Sector No. of Offers
BFSI 16
E-Comm. 12
IT 66
Logistics 6
Manufacturing 5
Media & Advertising 4
Others 9

The IT sector provided the highest number of placements followed by the BFSI sector.

SPJIMR Mumbai PGPM Function-wise Placements

The following table shows the function-wise break-up of the accepted offers

Functions No. of Offers Accepted
Analytics 15
Consulting 51
IT 20
Management Trainee 1
Marketing/Sales 15
Operations/Supply Chain 11
Research 5
Total 118

Most of the students (51/118) got a job under Consulting followed by Analytics and Marketing/Sales.

SPJIMR Mumbai PGPM Top Recruiters

Top recruiters for the 2019 batch included Accenture, Capgemini, Google, PWC, HDFC Bank, KPMG, IBM and TCS.

  • Top Banking and Financial Companies like CRISIL, HSBC, and HDFC Bank hired PGPM participants. 
  • Advertising and Media major Group M was amongst the recruiters.

SPJIMR Mumbai PGPM Batch Profile 2019

The 2019 batch comprised of over 143 students, out of which 31 were female participants while the rest were male participants. The students belonged to different academic backgrounds such as-

Stream No. of Students
Finance 9
Information Management 68
Marketing 20
Operations & Supply Chain 46

The average age of all the participants was 29 years and their average GMAT score was around 650.

Most of the candidates had a prior job experience of 5-7 years whereas 12 candidates had a work experience of over 10-12 years.

SPJIMR Mumbai PGDM Autumn Internships 2020

SPJIMR Mumbai also conducts Autumn Internships for its students. The batch of 2020 has successfully participated in these internships. A total of 88 companies were involved in the Internship. 

The Autumn Placement Process took place virtually and was conducted across a combination of platforms like Zoom, Microsoft Teams, Google Meet, Cisco WebEx and Amazon Chime. Real-world systems and processes like group discussions and interview panels were replicated virtually through unique features across the different platforms.

SPJIMR Mumbai Autumn Internships Highlights:

Number of Companies 88
Number of Offers 268
Number of Participants 236
No. of New Recruiters 61
Average Stipend INR. 2,01,000/-
Maximum Stipend INR. 2,40,000/-

The SPJIMR autumn internship process saw participation from 88 recruiters, who provided over 268 offers to 236 participants across different industries such as BFSI, E-commerce, FMCGs, Pharmaceuticals and Consulting.

The median compensation for offers with stipends for the two-month internship clocked in at a remarkable INR 2,40,000 with the average stipend rising above INR 2,01,000. More than 60 per cent of the batch received offers of INR 2,00,000 and above

The season saw 61 new recruiters, which included Allianz Investment Management, Invesco Mutual Fund, ICICI Prudential AMC and Prione.

The FMCG and E-commerce continued to be the most dominant sectors in terms of the number of hires with 33% and 15% of the participants placed in these sectors respectively.

Since the University hasn’t yet released it’s Summer Placement Report, the following table displays the different sectors in which students were offered internships during 2018-2020:

Sectors Percentage Of Offers
Telecommunication 0.8
E-commerce 27.2
IB/PE 2.5
Financial Services 10.9
General Management 2.9
IT & Analysis 10
Consulting 7.1
FMCG/FMCD 38.2
Opted out of Placements 0.4

SPJIMR Mumbai Autumn Internship Recruiters 2020

Mega names were involved in the process with major offers made by them. Tabulated below are the recruiters that participated in the Autumn internship :

BYJU’S Airtel Pidilite
Nestle Asian Paints Ola Cabs
Swiggy Udaan MakeMyTrip