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Bharatiya Vidya Bhavan's SPJIMR announced the successful completion of placements for its PGDM Class of 2021 with enthusiastic corporate participation, signing off a season of unprecedented challenges brought by the Sars-Cov-2 pandemic.
The placement performance in terms of average salaries offered, the number of participating companies and the speed with which the offers rolled out reflected the goodwill of SPJIMR, the institute's deep and lasting relationships with the corporate sector and the strong value that MBA participants bring to the companies they work for. It also highlighted the adaptability and the resilience of the institute and in particular of the students, who are ready to take up challenging roles and deliver on business goals with social sensitivity.
Consulting emerged this year as the top recruiting sector with offers rolled out to 36 per cent of the batch of 233 participants. This built on a trend of increased offers from management and technology consulting companies seen last year and indicated a preference for participants from SPJIMR's PGDM programme.
The entire placements exercise, which normally sees the campus covered in a flurry of business suits as company executives interview participants, was conducted online using a variety of platforms and protocols to meet the convenience and security needs of companies.
This was the first time the final placements process was conducted online, building on the experiences of participants using online platforms for the autumns internships. Students, faculty and businesses have not met physically since the lockdown forced by the pandemic took effect in March last year.
The average annual salary (cost-to-company) this year stands at INR 25.86 lakhs per annum. This is similar to the levels reported last year. The median annual salary came in at INR 25 lakhs per annum, with over 26 percent of the batch securing offers in excess of INR 30 lakhs per annum, and over 80 percent in excess of INR 20 lakhs per annum.
Consulting companies rolled out offers to 84 students, the highest ever reported by SPJIMR for a batch. The participant companies included Accenture Strategy, Bain & Co., Boston Consulting Group, Deloitte USI, EY, GEP, KPMG and PwC US Advisory among others.
The FMCG sector continued to be a major recruiter, making offers to close to 18 per cent of the batch. Top recruiters in this sector included Asian Paints, Colgate-Palmolive, Hindustan Unilever, L'Oréal, Marico, Mondelez, Procter & Gamble and RB.
This was closely followed by offers in the BFSI and E-commerce sectors that saw companies like Amazon, American Express, Axis Capital, Barclays, Citibank, Flipkart, Nomura, PayTM and Grofers (among others) participating in the process.
SPJIMR has announced the successful closure of placements for the PGDM Class of 2020. In what was considered a tough year for B-school placements, SPJIMR saw 122 companies participating in the placement process, rolling out over 300 offers to 238 participants of the PGDM Class of 2020.
The performance reflected strong demand for talent from SPJIMR, which has consistently stood out as a preferred place for recruiters particularly because of its approach to inculcating values through innovative experiential learning, and the high degree of industry integration, and consequent curriculum relevance.
The average annual salary for the batch came in at INR 26.36 LPA, a 15.1 per cent growth over last year. The median annual salary is INR 25 lakhs. Over 86 per cent of the 238 participants secured offers in excess of INR 20 LPA.
Dr. Ranjan Banerjee, Dean & Professor-Marketing, said: “We are pleased that the industry continues to value our students. As an institute, we are continually trying to improve the relevance and quality of our curriculum. We are also trying to build deeper partnerships with industry. We believe that improved placements are a happy by-product of doing the right things on a day to day basis. We will continue to get better.”
Apart from traditional recruiters, several new companies from diverse sectors were on campus this year, bringing new breadth to the placements process. The companies that participated this year included The Boston Consulting Group, Bain & Co., Accenture Strategy, Intuit, Microsoft, Goldman Sachs, American Express, Amazon, Flipkart, Uber, Deloitte, PwC, KPMG, EY, Hindustan Unilever, Johnson & Johnson, Proctor & Gamble, ITC, Bajaj Finserv and Go-MMT. Despite challenging market conditions, a total of 44 new recruiters were on campus at SPJIMR offering aspirational roles across multiple functions. New recruiters for this year included companies like Alvarez & Marsal, The Bridgespan Group, Praxis Global Alliance, Bank of America, Landmark Group, Intuit, Cisco, Sabre Partners, Spark Capital, Udaan, BYJU'S, Ola cabs, Swiggy and Dabur.
Around 60 per cent of the batch received PPO/PPI opportunities through their autumns internship at leading corporates which included The Boston Consulting Group, Alvarez & Marsal, Accenture Strategy, Tata Administrative Services, Mahindra GMC, Proctor & Gamble, Hindustan Unilever, Amazon, Uber among others. A large number of offers once again depicts the trust shown by the corporate world in SPJIMR’s unique autumn internship model. Autumn Internships (Aug-Oct) are taken up by the students after the completion of courses in their area of specialisation followed by advanced specialisation courses at leading universities in the US.
Dr Sajeev A George, Chairperson PGDM, said, "It gives us great satisfaction and delight to have achieved significantly superior placement outcomes this year, in spite of the seemingly not so favourable external environment. One of the most commendable aspects this year is the large number of PPOs offered to our students after their autumns internship projects and their record conversion rate. The placement outcomes help validate the currency and relevance of our curriculum that strives to balance between the short- term and long-term needs of our students.”