SP Jain Institute of Management and Research (SPJIMR), Mumbai completed its final placement process for the Post Graduate Diploma in Management (PGDM). According to the reports, Consulting and FMCG firms led the placements and the e-commerce industry brought an anticipated slowdown in hiring, with the number of offers made by e-commerce remaining consistent as last year.
The average salary received has been increased to Rs 20.9 lacs from Rs 19.3 lacs. The PGDM 2017 batch received offers from across domains and profiles with 86 pre-placement offers. A total of 229 students participated in the placement process. As many as 104 companies visited the campus, recruiting students across domains namely General Management, E-commerce, Finance, Marketing and Operations, and others.
Participants in the Batch: 229
Participants in the batch opting out of placements: 3
Number of participating Companies: 104
Number of first-time recruiters: 51
Total number of Pre-Placement Offers: 86
International offers: 5
Total offers: 256
Average salary: Rs. 20.9 LPA
Highest salary: Rs. 39.5 LPA
The campus saw participation from 51 new companies like Goldman Sachs, Reckitt Benckiser, General Mills, ITC, GEP, Johnson & Johnson, Investec, DBS Bank, Miebach Consulting, Samara Capital, ICICI Prudential, LinkedIn, SAP, DSP BlackRock, Samsung, Amway, Heinz, Siemens, Sony Music, Pernod Ricard, Texas Instruments among others.
Top consulting firms made offers to 27 per cent of the Class of 2017, which is same as last year.
More than half of the Class of 2017 received Pre-Placement Offers and Pre-Placement Interviews by Amazon, Asian Paints, Axis Bank, Colgate-Palmolive, GE, HUL, MondelÄ“z, P&G, TAS, ITC among others.
Domain Wise Recruitment
This year, conglomerates like General Electric, Mahindra & Mahindra and Tata Administrative Services made nine offers in several middle management positions. The roles pertain to application of business understanding in all relevant domains and also entail close co-ordination with CXOs. The hires are groomed to be future leaders in their respective business subsidiaries.
The offers coming from e-commerce companies remained the same as last year. Around 11 percent of the batch was placed in e-commerce firms which included Amazon, Cloudtail and Paytm among others.
The profiles offered by the e-commerce companies at SPJIMR included category management, product management, online and offline marketing, business process excellence, operations and business analytics.
Consulting/ IT Consulting
The number of roles offered by major consults on campus remained the same as last year. Top consulting firms which included Accenture Strategy, IMS, PwC, GEP, Deloitte, KPMG, PRTM Consulting, TSMG, Avalon Consulting among others placed 27 per cent of the batch.
The profiles offered at SPJIMR included strategic consulting, operations consulting, financial advisory and IT consulting.
The batch picked up offers from top league financial players that included Goldman Sachs, Axis Bank, Citibank, ICICI Bank, DBS Bank, JM Financial, Franklin Templeton, Yes Bank among others.
Offers were received across a plethora of functions ranging from Investment Banking, Corporate Banking, Corporate Finance, International Banking, Capital Markets etc.
Corporate Finance/Strategy roles were offered by MondelÄ“z, General Electric, Godrej and Vodafone among others. About 9 per cent of the batch got offers in the Financial Services and Banking sector.
Marketing and Operations
SPJIMR maintained its niche in FMCG hiring. This year witnessed the top FMCG companies back on campus to make offers to the Marketing and Operations batch. Around 30 per cent of students were given offers by the FMCG sector.
Sales, Marketing and Supply Chain roles were made by FMCG/FMCD majors that included Asian Paints, Colgate-Palmolive, MondelÄ“z, Marico, GSK CH, HUL, Reckitt Benckiser, NestlÃ©, General Mills and Nivea. Telecom roles were offered to students by Vodafone, Bharti Airtel and Tata Sky.
Prof. Malay Krishna, Associate Programme Head and Faculty-In-Charge of Career Services of the PGDM programme, said “We are especially pleased with the placement results for the PGDM Class of 2017 because corporate India is facing unique challenges in the local and global business environment. Hence, our results reflect the high level of trust reposed by recruiters in our Institute and our students. We hope to build on this through improvements in curriculum, infrastructure and the placements process.”