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    SPJIMR: Better Than Its Rankings Show
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    • SPJIMR: Better Than Its Rankings Show

    SPJIMR: Better Than Its Rankings Show

    Bhanu PratapUpdated on 25 Nov 2025, 11:49 AM IST

    Bharatiya Vidya Bhavan’s S. P. Jain Institute of Management and Research (SPJIMR), established in 1981 in Mumbai, is one of India’s most respected management institutes. With ‘Triple Crown’ accreditation (AACSB, AMBA, EQUIS) and Category-I AICTE status, it is counted among the top one per cent of global business schools.

    This Story also Contains

    1. Where SPJIMR Stands in NIRF Rankings
    2. Placements: Among India’s Best
    3. Latest Placement Overview (Batch 2023–25)
    4. Sector-wise Placements & Recruiters
    5. Admission Process
    6. Why SPJIMR Deserves More Credit
    SPJIMR: Better Than Its Rankings Show
    SPJIMR: Better Than Its Rankings Show

    SPJIMR is placed at the NIRF Management Rank of 20, which does not do justice to its actual performance. If we look at the placements and corporate perception, they tell us an extremely different story from what the NIRF portrays.

    Related: Know International MBA Accreditations: AACSB, AMBA, EQUIS, ACBSP, IACBE

    Where SPJIMR Stands in NIRF Rankings

    The table below compares SPJIMR with top IIMs across key ranking parameters as per NIRF. SPJIMR matches and even scores higher than the IIMs in Graduation Outcomes; its overall rank is pulled down because of its low Research and Perception scores. These two parameters generally do not fall on the priority list of MBA Aspirants as much as placement does.

    InstituteTLR (100)RPC (100)GO (100)OI (100)Perception (100)

    IIM-A (1)

    91.84

    64.92

    98.72

    72.01

    93.26

    IIM-B (2)

    89.16

    59.04

    98.86

    73.27

    100.00

    IIM-K (3)

    87.75

    64.14

    95.35

    77.80

    74.26

    SPJIMR (20)

    79.62

    32.08

    98.83

    67.61

    20.19


    Observation: The table gives us an idea that SPJIMR matches the IIMs when it comes to graduation outcomes, but falls behind due to Research and Perception scores.

    Placements: Among India’s Best

    The table gives us an idea that SPJIMR has strong, consistent placement outcomes throughout the past few years. The placement record and the median CTC reflect the institute’s industry demand and reliable career outcomes for its students.

    Category

    2020–212021–222022–23

    Admitted

    238

    238

    294

    Graduated

    238

    238

    292

    Placed

    238

    238

    292

    Placement %

    100%

    100%

    100%

    Median CTC

    Rs. 30.00 LPA

    Rs. 32.00 LPA

    Rs. 31.50 LPA


    Observation: The data reflects strong outcomes and how every graduated student secured placements in all three years. Although there are changes in the batch size, SPJIMR maintains a 100 per cent placement rate. Even the median salary remains stable between Rs. 30 - 32 LPA, indicating a strong employer and market demand.

    Latest Placement Overview (Batch 2023–25)

    The table below gives us an idea of SPJIMR's latest placement cycle. The recruiter perception, strong salary outcomes show that SPJIMR has a great showing when it comes to placement.

    Category2023–25

    Companies Participating

    86

    Highest CTC

    Rs. 89.00 LPA

    Median CTC

    Rs. 30.50 LPA

    Students with >₹30 LPA

    53%

    Students with >₹25 LPA

    90%


    Observation: The data on the table shows a strong placement performance with 86 companies participating in placements, with the highest CTC going up to Rs. 89 LPA. With half the batch’s CTC going beyond Rs. 30 LPA and 90 per cent crossing the Rs. 25 LPA threshold, it shows a broad salary depth and industry confidence in the students of SPJIMR.

    Sector-wise Placements & Recruiters

    SPJIMR’s sector-wise placement reflects balanced placement, with maximum students going into consulting roles. The varied mix of industries shows that students have access to the majority of industries and high-impact career pathways.

    SectorShare of Offers

    Consulting

    37%

    Finance

    9%

    FMCG

    17%

    Product & General Management

    23%


    Observation: There is a healthy distribution of roles across sectors. Consulting has the largest share of students with 37 per cent. Product and General Management are also popular with 23 per cent. FMCG also has a significant pull with 17 per cent. Finance at 9 per cent although small adds to the institute’s placement mix.

    Admission Process

    SPJIMR has a clear and multistep admission process. It starts with basic eligibility, an online application. Afterwards, it goes on to profile-based shortlisting and finally ends with WAT, group, and personal interviews. The final selection is based on a composite score.

    StageDetails

    Eligibility

    Bachelor’s degree (min. 50%); CAT/GMAT accepted

    Application

    Online

    Shortlisting

    Based on profile, CAT/GMAT score, academics, work experience, extracurriculars

    Selection Rounds

    Written Ability Test (WAT), Group & Personal Interviews

    Final Selection

    Composite score = Exam + Academics + Work Ex + Interview + Profile


    Observation: SPJIMR is well known for its profile-based shortlisting, giving it a strong academic base and unique profiles an advantage even at moderate test scores. This implies that students are selected not just based on their test scores, but other factors are also considered during admission.

    Why SPJIMR Deserves More Credit

    SPJIMR's performance is far better than what the NIRF rank reflects. The devil is in the details.

    Its low rank is a result of research and perception, metrics that are not of prime importance to MBA aspirants. If we take its placement result, salaries, recruiter profiles, and learning outcomes, the institute outperforms its ranking, making it a great choice for an MBA aspirant.

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    Questions related to SPJIMR Mumbai

    On Question asked by student community

    Have a question related to SPJIMR Mumbai ?

    Hello Aspirant,

    SP Jain’s BBA has a reputation for global exposure because students rotate between campuses located in Dubai, Singapore, and Sydney. The campuses are high-quality, and the peer group is diverse -- bringing together students from numerous countries which helps develop a vibrant and competitive crowd. The study abroad

    Newer IIMs offer the long-term benefit of the IIM brand at competitive fees whereas XLRI, SPJIMR or FMS are stronger choices if one is seeking brand recognition, specialized programs and higher placement prospects

    The newer IIMs say IIM Trichy, IIIM Udaipur, IIM Rohtak are gaining recognition but are still building

    Hello there,

    If SPJIMR's form submission window is still open, you can try accessing your application and see if the "Edit" option is available. If editing is not allowed, contact SPJIMR's admissions office immediately through email or phone. Explain your situation clearly and request permission to update the information. Some

    SP Jain Institute of Management and Research offers two-year, full-time PGDM , PGDM-BM, 18 months PGPM and Global Management programme. Admission to the PGDM, PGDM BM and PGPM programmes is made through the CAT and GMAT scores only. SPJIMR does not accept the NMAT scores for admission to these programmes.

    Hello aspirant,

    CAT does not directly send your scores to individual institutes. After you take the CAT exam, you will receive your scorecard from CAT. This scorecard will contain your overall score, sectional scores, and percentile rank.

    You will need to update your CAT score on the individual institute portals