SPJIMR summer internships 2026: Class of 2028 stipends, recruiters and sectors

Prof Varun Nagaraj, Dean, SPJIMR, describes an internship as “a student’s first real conversation with the world of work.” All 365 participants of SPJIMR’s Class of 2028 secured summer internships, and the median stipend rose 17% to ₹2 lakhs a month.

Of the 91 companies that hired from the Post Graduate Diploma in Management (PGDM) and Post Graduate Diploma in Management Business Management (PGDM (BM)) batches, 37 were first-time recruiters. The new names included Flipkart, Citi, Amgen and Warner Bros.

Summer internship stipends at SPJIMR

Stipends rose across every measure SPJIMR reported for the Class of 2028. The average stipend rose 12% to ₹1.86 lakhs a month, against ₹1.66 lakhs for the Class of 2027.

At least half the batch secured ₹2 lakhs a month or more. The top 50% of participants averaged ₹2.18 lakhs a month and the top 20% averaged ₹2.44 lakhs. The highest stipend reached ₹3 lakhs, up from ₹2.5 lakhs a year earlier.

The median rose faster than the average, 17% against 12%, which suggests the gains reached the middle of the batch and not only the top.

Recruiters: 91 companies, 37 of them new

Participation grew from 81 companies for the Class of 2027 to 91 for the Class of 2028. First-time recruiters rose more sharply, from 22 to 37.

The new recruiters included Amgen, Axis Bank, Bajaj Auto, Britannia, Citi, D.E. Shaw & Co, Danone, DBS, Flipkart, Galderma, IBM, IDFC FIRST Bank, Kenvue, Kotak, NeoLiv, o3 Capital, SKF and Warner Bros.

Prof Ashita Aggarwal, Chairperson, PGDM and PGDM (BM), said, “Repeat recruiters show loyalty. First-time recruiters show conviction.”

These companies join a recruiter base that includes Hindustan Unilever, Procter & Gamble (P&G), ITC, Boston Consulting Group (BCG), Deloitte, Goldman Sachs and Microsoft. The SPJIMR placements page carries the wider list.

Sector-wise split of summer internships

FMCG and consumer companies offered 33.1% of internships. Consulting followed at 23.5% and banking, financial services and insurance (BFSI) at 20.2%, so these three sectors accounted for just over three-quarters of all internships.

General management and conglomerate roles made up 7.6%, and technology, e-commerce and product roles 5%. The remaining 10.6% came from automotive, pharmaceuticals, media, energy, real estate, engineering, healthcare and biotech.

Class of 2028 and Class of 2027: key figures

How the SPJIMR summer internship works

The summer internship is a mandatory, credit-bearing part of the PGDM curriculum and typically lasts two months. Participants of the Class of 2028 (2026 – 28 batch) will complete theirs in April and May 2027, after their first year on campus.

Recruitment happens well before that. Companies usually hold pre-placement talks in August – September, and selection takes place in September – October, according to the SPJIMR placements page. SPJIMR moved to this summer model with the Class of 2024 – 26; earlier batches completed autumn internships.

For many participants, the internship leads directly to a job offer. Historically, 40% to 50% of SPJIMR participants receive a pre-placement offer (PPO) through their internships or corporate competitions, and nearly half of the Class of 2026 did. Participants who accept one skip final placements. For everyone else, pre-placement talks for final placements usually begin in November, with interviews in mid-December.

PGDM and PGDM (BM): the programmes behind the results

SPJIMR’s PGDM is a two-year, full-time residential programme equivalent to a Master of Business Administration (MBA). The All India Council for Technical Education (AICTE) approves it, and the National Board of Accreditation (NBA) accredits it. SPJIMR also holds the international ‘Triple Crown’ of accreditations from the Association of MBAs (AMBA), the Association to Advance Collegiate Schools of Business (AACSB) and the EFMD Quality Improvement System (EQUIS).

PGDM (BM) is also a two-year, full-time residential programme, with a general management focus. It admits 120 participants, who choose their own mix of courses to match their career goals.

Both programmes aim to develop socially sensitive leaders with a global mindset. SPJIMR wants participants to gain experience in their chosen domain before they graduate, so they start their first job with a head start. The summer internship is part of this, along with live projects, guest lectures and SPJIMR’s immersive experiences.

How SPJIMR approaches careers

SPJIMR’s mission is to influence managerial practice and promote value-based growth by advancing wise innovation. The institute looks beyond the size of any single offer to the careers its graduates build and how they lead and serve.

SPJIMR has achieved 100% final placements for eligible participants for more than 20 consecutive years. For the PGDM and PGDM (BM) 2024 – 26 batch, final placements recorded an average cost to company (CTC) of ₹33.75 lakhs per annum and a median of ₹32.85 lakhs.

In the Financial Times Masters in Management 2026 ranking, SPJIMR is #2 globally and #1 in India for Careers Service, and #26 globally overall. The Positive Impact Rating lists it among the world’s top five business schools for societal impact.

Applications are open for the PGDM and PGDM (BM) batches starting June 2027. Explore SPJIMR’s programmes or book a virtual tour of the Mumbai campus.