Bharatiya Vidya Bhavan's SPJIMR recently announced the successful completion of final placements for its PGDM Class of 2022 in a record number of process hours with huge corporate participation.
The placement process solidified the deep relationship of the Institute with the corporate sector with the number of companies onboarded and the speed of offer rollouts. It also reflected the trust in the value-based leadership style of the MBA participants, who have the courage and heart to take up challenging roles across domains.
The entire placements exercise was conducted online using a variety of platforms and protocols to meet the convenience and security needs of the participating companies. Consulting emerged as the top recruiting sector with offers rolled out to 38 per cent of the batch of 238 participants. This built on a trend of increased offers year on year from premier management consulting companies, making SPJIMR a preferred campus for the consulting domain.
The average annual salary (cost-to-company) this year stands at INR 32.05 lakhs per annum, marking a jump of around 23% over the number reported last year. The median annual salary came in at INR 30.10 lakhs per annum, with over 59 percent of the batch securing offers above INR 30 lakhs per annum and over 87 percent in excess of INR 25 lakhs per annum.
With the increasing intake by the consulting companies, offers were rolled out to 91 students, the highest ever reported by SPJIMR for a batch. The participant companies included Accenture Strategy, Alvarez & Marsal, Bain & Co., Boston Consulting Group, Deloitte, GEP, KPMG, Miebach and PwC US Advisory among others.
The FMCG sector was also a major recruiter and made offers to over 22 per cent of the batch. Top recruiters in this sector included Asian Paints, Colgate-Palmolive, Hindustan Unilever, ITC, Kimberly Clark, L'Oréal, Marico, Mondelez, Procter & Gamble and Reckitt among others.
This was closely followed by offers in the Private Equity, BFSI, Tech and E-commerce sectors that saw companies like Amazon, American Express, Avendus, Axis Capital, Flipkart, GEF Capital, Goldman Sachs, Info Edge, JM Financial, MMT and PayTM among others participating in the process.