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KJ Somaiya Average Package 2024: Sector Wise KJ Somaiya Average Package, Trends, Top Companies

KJ Somaiya Average Package 2024: Sector Wise KJ Somaiya Average Package, Trends, Top Companies

Edited By Tarun Bisht | Updated on Sep 09, 2024 06:20 PM IST | #KJSIM

KJ Somaiya Average Package is around Rs. 15 lakhs per annum. The KJ Somaiya placement drive for 2024 had a total of 148 recruiters hiring candidates for various positions. The Students received job offers from various sectors like BFSI, Consulting, IT & ITES, Manufacturing & FMCG. Sectors like Banking, IT, and Financial Services are leading in terms of hiring, indicating a strong demand for professionals in these fields. The KJ Somaiya average package for 2024 was significantly higher than the KJ Somaiya average package for 2023. KJ Somaiya has different specializations for its MBA program like finance, operations, marketing, HR, sports, and healthcare.

KJ Somaiya Average Package

The highest package offered at KJ Somaiya was approximately Rs. 28.25 lakhs per annum. The KJ Somaiya average package for the top 100 candidates is Rs. 17.34 lakhs annually. The average package for the top 200 candidates was around Rs. 15.8 lakhs per annum. For the top 300 candidates, the KJ Somaiya average package was Rs. 14.75 lakhs per annum. For the summer internship in 2024, the average stipend for the top 100 candidates was Rs. 58,986 per month.

Factors Affecting KJ Somaiya Average Package

The KJ Somaiya average package depends on many important factors like course, industry, job role, job location, etc. The recruiters often consider these factors while making an offer to the candidate for a particular position during the KJ Somaiya MBA placement. The different factors affecting KJ Somaiya average package are discussed below.

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  1. Course Specialisation: KJ Somaiya Average Package differs as per the specialization of the program. A few specializations like IT, Operations, Finance, and marketing tend to pay more as compared to HR.

  1. Industry or Sector: The type of industry plays a vital role in determining the KJ Somaiya Average Package. Industries like finance, consulting, and IT offer a higher starting salary.

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  1. Job Role Offered: The particular job role for which a candidate is hired decides what would be the salary package for it. Management and Analyst roles have a higher salary package.

  1. Individual Performance of the Candidate: The performance of a candidate in the interview or selection rounds decides the KJ Somaiya Average Package they would be getting upon getting selected for the applied role.

  1. Job Location: An international location generally tends to pay more than a domestic one. Especially getting placed for a role in tier-one countries like the United States, Canada, and Australia can give a substantial boost to one's career.

  1. Condition of Job Market: The underlying job market is crucial for the KJ Somaiya Average Package. A highly demanding job market would enable candidates with high salary packages and vice versa.

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KJ Somaiya Average Package: Program Wise

KJ Somaiya offers different specializations for its MBA courses like finance, operations, marketing, HR, sports, and healthcare. The KJ Somaiya highest package for different offered MBA programs is listed in the table below.

Program

KJ Somaiya Highest Package

Finance

Rs. 28.25 LPA

Operations

Rs. 27 LPA

Marketing

Rs. 24.46 LPA

HR

Rs. 19.04 LPA

Data Science

Rs. 17.5 LPA

Healthcare

Rs. 15 LPA

Sports

Rs. 12 LPA

KJ Somaiya Average Package Trends

The KJ Somaiya average package has increased on a year-to-year basis. The KJ Somaiya average package trends are provided in the table below.

Year

KJ Somaiya Average Package

2023

Rs. 12.32 LPA

2022

Rs. 10.98 LPA

2021

Rs. 9.4 LPA

2020

Rs. 10.8 LPA

2019

Rs. 10 LPA

KJ Somaiya Average Package: Top Companies

The companies across different sectors and industries participated in the KJ Somaiya recruitment drive. The list of different companies offering KJ Somaiya average packages for various roles is mentioned in the table below.

Accenture

Capgemini

Morgan Stanley

Decathlon

Yes Bank

HDFC Bank

Mahindra

ITC

PWC

HCL

JLL

HP

Jio

Cognizant

Tata Motors

ICICI Bank

EY

Google

Tata Capital

Citi

Frequently Asked Questions (FAQs)

1. What is the average placement package of KJ Somaiya?

The average package offered at KJ Somaiya ranges from Rs. 15 Lakhs per annum. The highest package offered was 28.25 Lakhs per annum. The top 300 students were offered a package of approximately 14.75 Lakhs per annum.

2. How much percentile is needed for KJ Somaiya?

KJ Somaiya accepts scores of MBA entrance exams like CATXATNMAT, and CMAT. For CAT the required percentile is 84. For exams XAT and CMAT mentioned above the required percentile is 71 and 98 respectively. For NMAT a score above 224 would be required.

3. What is the eligibility criteria for KJ Somaiya?

The specified eligibility criteria for KJ Somaiya states that a candidate must possess a Bachelor’s Degree from a recognized university with an aggregate of 50% marks or equivalent and a valid score on the accepted qualifying examination.

4. What is the fee for an MBA from KJ Somaiya?

The fee for an MBA at KJ Somaiya is around Rs. 21 lakhs. The fee for MBA Health Care Management is around Rs. 21 lakhs. The fee for an MBA in Sports Management is around Rs. 13.5 lakhs.

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Questions related to KJSIM

Have a question related to KJSIM ?

Dear,

K. J. Somaiya Institute of Management Studies & Research, Mumbai (SIMSR) has closed its PGDM 2020 admission process. Now the GD/PI process is continuing for final selection. The college has closed its PGDM 2020 admission on February 6, 2020. The institute has started its GD/PI process for final selection. The classes for new batch will commence in July 2020. Keep visiting the official website for more details.

Hope this helps!

Hello Aspirant,

No, SET is not for MBA.
Symbiosis Entrance Test (SET) 2020 is a university level entrance test conducted for offering admission to candidates in undergraduate programs offered by Symbiosis University.You can get admission in Bachelor's level courses through SET and MBA is Postgraduate course.

I hope this helps
KJ Somaiya requires a minimum of 85 percentile for both CAT and XAT. There's no different cutoff for different categories so anyone who wants to apply for the college has to score a minimum of 85 percentile. But you can definitely apply for Welingkar Mumbai and Bangalore campuses as the shortlisting for PGDM HCM is completely profile based. The fees for Welingkar is nearly 11 lakhs and the average compensation package offered for Human Resources is 6-7 lakhs. The last date to apply for Welingkar is 14th February 2020. But you have a decent score so you should check some other good colleges also like
  • XIME Bangalore (fees = 10 lakhs)
  • XISS Ranchi (8 lakhs)
  • Praxis Kolkata (4.4 lakhs)
  • Great Lakes Gurgaon (11.76 lakhs)
  • IMT Hyderabad (12 lakhs)
  • NL Dalmia Mumbai (9.3 lakhs)
  • SIES Mumbai (7.9 lakhs)
  • NDIM New Delhi (9.3 lakhs)

All of them are decent colleges in terms of both academics and placements and you can easily get an average compensation package of around 6-7 lakhs.

And if you want to pursue Human Resource Management and build a good career in that then XISS would be a great option which will provide you great returns on investment. The average compensation package offered for HR is nearly 9-10 lakhs.

Good Luck
You have a pretty decent XAT percentile but KJ Somaiya Institute of Management Studies and Research requires a minimum of 85 percentile in both CAT and XAT exams. The Institute considers only the overall percentile. So it may be a little difficult for you to get a call. But you can still get some very good colleges with your XAT scores like
  • IIFM Bhopal
  • XIME Bangalore
  • IFMR Chennai
  • IMT Nagpur and Hyderabad
  • Prin LN Welingkar Institute of Management Development and Research
  • Christ University Bangalore
  • Great Lakes Gurgaon and others.

These colleges will also offer you good placement opportunities and good academics and you must try to attend as many interview processes as possible to get enough options to choose from.

Good Luck

Hello Shaikh

The expected cutoff for K.J. somaiya college is 1124-1454,

Below this it will be difficult to get admission in this college.so study hard as the cutoff is really high.

Best of luck.

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