SPJIMR Placements 2024: PGDM student receives highest package of 81 Lakhs, class average unchanged at 33 Lakhs despite market conditions

December 21, 2023

In placements 2024, FMCG, Consulting, BFSI, Pharma and Tech emerge top recruiting sectors.

PGDM & PGDM(BM) Class of 2024 Placements – An Overview:

  • Participants in the Batch: 292
  • Number of companies participating: 72
  • Number of first-time recruiters: 33
  • Total Number of Pre-Placement Offers: 138
  • Average Salary: 33 LPA
  • Median Salary: 31.50 LPA
  • Highest Salary: 81 LPA

Key Highlights:

  • 7% (6.5%) of offers equal to or greater than INR 40 LPA
  • 34% of offers equal to or greater than INR 35 LPA
  • 71% of offers equal to or greater than INR 30 LPA
  • 90% of offers equal to or greater than INR 25 LPA

Autumns Internship Highlights:

  • Number of companies: 53 (28% New recruiters)
  • Average Stipend for two months: INR 3,15,328
  • Median Stipend for two months: INR 3,00,000
  • Maximum Stipend for two months: INR 4,40,000

Bharatiya Vidya Bhavan’s S. P. Jain Institute of Management and Research, Mumbai, recently announced the completion of the Final Recruitment Process for its PGDM & PGDM(BM) Class of 2024 with extensive corporate participation.

In light of the global slowdown and associated impact on campus placements, SPJIMR has received strong support from Industry partners and alumni of the school to complete 100% placements of all students with stellar results.

SPJIMR’s latest MBA placement cycle solidified its strong relationship with the corporate sector. The process saw a high number of companies onboarded and speedy offer rollouts, reflecting the trust in the value-based leadership style of the MBA participants. The Consulting sector emerged as the top recruiting sector, with 35 % of the batch receiving offers. This built on a trend of increased offers year on year from premier Consulting companies, making SPJIMR a preferred campus. They were the largest recruiters making offers to 35 percent of the batch. The participating companies included Accenture Strategy, Boston Consulting Group, Deloitte, GEP Worldwide, Kearney, KPMG, Praxis Global Alliance and PwC US Advisory among others. This year, SPJIMR also received international offers from Deloitte.

This year’s average annual salary (cost-to-company) remained similar to last year at INR 33 lakhs per annum. The median annual salary was also similar to last year at 31.2 lakhs per annum, with over 70 percent of the batch securing offers above INR 30 lakhs per annum and over 90 percent in excess of INR 25 lakhs per annum.

A record number of front-end investment banking roles were offered by marquee firms like DC Advisory Partners, Goldman Sachs, JM Financials, Nomura, and O3 Capital. Offers in investment banking tripled compared to last year. Buy side firms like Hedge Funds, Venture Capital and Asset Management also visited the campus, with offers from Pinpoint Asset Management, Neo Wealth and Asset Management and Nuvama Wealth.

General Management roles were offered by leading recruiters such as Aditya Birla Group, Capgemini E.L.I.T.E., Mahindra GMC, RPG and Tata Administrative Services.

In addition to the regular recruiters from SPJIMR, the campus onboarded 33 first-time recruiters from various sectors.

Over 47% of the batch was awarded Pre-Placement Offers via Autumn Internships and Corporate

Competitions with leading companies such as Aditya Birla Group, Accenture Strategy, Boston Consulting Group, Colgate-Palmolive, Hindustan Unilever Limited, Procter & Gamble, and Tata Administrative Services, among many others.

Prof. Renuka Kamath, Associate Dean Full Time Programmes said, “Amid uncertain times, the support from our industry partners is invaluable to us. We appreciate their commitment in hiring SPJIMR’s young talent who are not only industry-ready but also socially-conscious.”

A brief on the companies visiting:

Consulting/IT Consulting companies have given a maximum number of offers, which were made to over 35% of the batch by Accenture Strategy, Boston Consulting Group, Deloitte, Ernst & Young, GEP, Infosys Consulting, Kearney, KPMG, Miebach, Nomura Research Institute, Praxis Global Alliance, PwC, Synergy and others.

FMCG showcasing one of the highest-ever participation by the FMCG industry. FMCG firms recruited 25 percent of the batch, with offers from sector leaders. And total number of students recruited (35%) by industry giants from FMCG and pharma such as Asian Paints, AbinBev, Colgate-Palmolive, Dr. Reddy’s Laboratories, Novartis, Godrej Group, General Mills, Hindustan Coca-Cola Beverages, Hindustan Unilever Limited, ITC, Kellanova, L’Oréal, Marico, Mondelez, Nestle, Procter & Gamble, and more.

The BFSI, IB, PE, VC and Hedge Funds companies like Axis Bank, Barclays, DC Advisory, Fullerton, Goldman Sachs, ICICI Securities, JPMC, JM Financial, Neo Wealth, Nomura, Nuvama and O3 Capital have recruited 41% of the Finance cohort.

Even with a slowdown in the tech sector, 30% of the Information Management specialisation was placed in the Product Management sector. Roles offered by recruiters included new recruiters like CapGrid, Cimpress, NPCI, PayTM, Play Simple Games and Intuit, MakeMyTrip, Media.net, American Express, Samsung Research India, among others. It was observed that there has been an overall increase in the number of product management offers compared to the previous year.

General Management and Leadership roles: Top recruiters included Aditya Birla Group, Capgemini E.L.I.T.E., Mahindra GMC, RPG and Tata Administrative Services.


S. P. Jain Institute of Management and Research (SPJIMR) (https://www.spjimr.org) is a constituent of the Bharatiya Vidya Bhavan and is consistently ranked among the top ten business schools in India. With a mission to ‘influence practice and promote value-based growth’ through pioneering programs and pedagogical innovations, SPJIMR stands out for its unique and distinctive approach to management education.

For more information, please contact our media relations team:

Yash Merchant: +91 91766 63655 | yash.merchant@spjimr.org

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