Rewarding placement for S.P. Jain students
- http://www.hindu.com | Mar 05, 2007

One of India's well-known B-schools, S.P. Jain Institute of Management and Research (SPJIMR), Mumbai, ended recently a hectic placement schedule which saw 85 candidates getting offers of a million rupees or more as pay packets.

In all, 430 offers were generated during placement 2007 in areas such as IT, banking, FMCG, consultancy — firms from all these sectors were in the fray to pick up amongst the best management talent in the country. Over a hundred companies participated in the placement process, with firms such as J.P. Morgan Stanley, Motorola, Enam, J&J Consumer, ABN Amro Bank, Cypress Semiconductors, Halcyon, IDFC, Price Waterhouse Coopers, J&J Medical, Feedback Ventures, Deutsche Equities, Honeywell Technologies, Sabre Capital, Yes Bank & Avendus Advisors.

The average salary would be known only after all the offer letters are received, but a rough calculation indicated it crossed Rs. 11 lakh.

The domestic salary offered for the management trainee profiles touched as high as Rs. 12 lakh from Standard Chartered Bank. Many others fell in that range.

Faced with offers from firms such as Accenture, P&G, Asian Paints, BNP Paribas, CSC, Capgemini Consulting, Citibank, Colgate Palmolive, Cadbury, Deutsche Bank, GE India, Goldman Sachs, Motorola, IBM, ICICI Bank, Intel, ITC, LehmanBrothers, Nestle, Deloitte, RPG, Oracle, SAP, TAS, TSMG, Standard Chartered Bank and many others, participants were offered specialised profiles in their fields of interest. Participants had four offers to consider on an average, with the choice set hitting 10 in some cases.

ICICI Bank and First Gulf Bank and many others offered international positions for candidates during the process. The highest international offer of £43,000 was by ICICI for a treasury position in the United Kingdom.

This year's placement process saw more than 160 lateral offers generated for 65 candidates.