SPJIMR Placement Report 2019: Consulting domain fetches maximum offers
Vikas Gaur, 30 Jan 2019, #SPJIMR, Mumbai
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SP Jain Institute of Management & Research (SPJIMR) has released the final placement report for the PGDM Class of 2019 with Consulting being the highest recruiting domain. A total of 111 companies participated in the placement to make job offers to the batch of 239 students. The average salary offered was Rs. 22.90 lakhs per annum. A lot of major companies took part in the process including McKinsey & Company, Boston Consulting Group, Bain & Co., Google, Microsoft, Goldman Sachs, Tata Administrative Services, etc.


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Highlights of Placements

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No. of Students 

239

Number of companies

111

Number of first-time recruiters

28

Total Number of International Offers

12

Total Number of Pre Placement Offers

78

Average Salary

Rs. 22.90 LPA

Highest Salary

Rs. 46.50 LPA


Some other key points of the placement:

●      21.5 percent of offers equal to or greater than INR 25 LPA
●      74.9 percent of offers equal to or greater than INR 20 LPA
●      95.1 percent of offers equal to or greater than INR 16 LPA
 
Autumns Internship Highlights  


●       Number of companies: 47
●       Number of new companies: 12
●       Average Stipend: INR 1,99,000
●       Maximum Stipend: INR 3,00,000
 
The median salary of the batch was Rs. 22 lakhs per annum (LPA), with over 72 per cent of the batch receiving offers of INR 20 LPA or above. Twelve international offers were also made this year.


E-commerce stood out like a sunrise sector with the highest increase in the number of offers made compared to the previous years. Consulting companies hired 35 percent of the batch. 
More than 50 per cent of the batch took up PPO/PPI opportunities through their autumns internship with leading companies. 

Now, let’s take a look at the function-wise placements. 

General Management and Leadership Roles
Conglomerates such as Tata Administrative Services, Mahindra & Mahindra, Bajaj Finserv, American Express, JSPL, Reliance and Airtel made 23 offers in several middle management positions this year.  
 
Finance
The batch picked up offers from top league financial players that included Goldman Sachs, Citibank, American Express, HSBC IB, Duff & Phelps, Bajaj Finserv, IIFL, JM Financial, DBS Bank, Barclays and ICICI Bank among others. Offers were received across a plethora of functions ranging from investment banking, corporate/retail banking, equity research and NBFC roles etc. Corporate finance/strategy roles were also offered by companies like Amazon, Sterlite Power, Nestlé and Airtel.
 
Consulting/IT Consulting
SPJIMR consolidated its position as a preferred destination for top consulting firms as 35 per cent of the PGDM batch picked up offers in the consulting domain, including 12 international offers. Leading consulting firms participating in the finals process included McKinsey & Company, Boston Consulting Group, Bain & Co., Deloitte, PwC, EY, Capgemini, Bristlecone, Cognizant Business Consulting and GEP. The profiles offered at SPJIMR included strategic consulting, management consulting, supply chain consulting, financial advisory and IT consulting.
 
E-commerce
E-Commerce saw the highest increase in roles offered compared to previous years. About 17 percent of the batch was placed in e-commerce firms, which included regular recruiters like Amazon, Cloudtail, Flipkart, Uber, Paytm and Go-MMT. In addition, this placement season saw participation from growing companies like OYO Rooms, Unacademy, Lenskart and Ninjacart among others. This year recorded a significant increase in the number of Product Management roles offered by these e-commerce companies. Other profiles offered by the e-commerce companies at SPJIMR included Program Management, Digital Marketing, Supply-Chain Management and Operations Analytics.
 
IT/ITES
IT companies such as Microsoft, Google, Media.net, Wipro, Infosys, and Capgemini offered sales and consulting roles on campus. IT majors made offers to 9 percent of the batch. Companies such as Hindustan Unilever, Asian Paints, Pidilite and Mondelēz offered corporate IT roles. Analytics roles were offered by giants like American Express, Barclays and Philips. Overall, a third of the batch would join IT and E-commerce companies. The average year-on-year increase in compensation for the Information Management specialisation exceeded 21 per cent, reaffirming this as a key growth area.
 
Marketing and Operations
SPJIMR saw participation from all the top organisations for roles spread across both Sales & Marketing, Operations & Supply Chain. About 19 per cent of the batch was placed in leading FMCGs like Hindustan Unilever, Procter & Gamble, General Mills, L'Oréal, Asian Paints, Castrol, Colgate Palmolive, Johnson & Johnson, Pidilite, Marico and Mondelēz. 


Name of the major recruiters

Among the companies who participated in placements this year are McKinsey & Company, Boston Consulting Group, Bain & Co., Google, Microsoft, Goldman Sachs, Tata Administrative Services, Airtel, Hindustan Unilever, Nestlé, Johnson & Johnson, Ninjacart, Procter & Gamble, General Mills, Amazon, Mahindra, Deloitte, PwC, EY, Uber, Britannia, Bajaj Auto, Castrol, OYO Rooms, Pidilite,  L'Oréal, Philips, Aditya Birla Retail Limited, American Express, Mondelēz, ValueLabs , Nivea, Amway , Sterlite Power, Jindal Steel & Power, Unacademy, Paytm, Bajaj Finserv, Bajaj Auto, Duff & Phelps, Reliance Industries Limited, Citibank , IIFL & Go-MMT Group to name a few.
 
Dr. Vasant Sivaraman, Professor and Chairperson PGDM Programme said, “Our programme architecture enables participants to complete courses in their area of specialisation before company internships. While the quality of their internship contribution is strong, the individuals also benefit in terms of more clarity on career roles when it comes to the final placement process.”


“Together with PPOs and PPIs there is a sharper focus on final placements, something reflected this year as well. The roles and companies highlight the underlying shift in the economy- a blend of traditional blue chips and new industries,” Dr. Sivaraman added. 

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