SPJIMR Broadens Recruiter Base in 2017 Autumns Placements
SPJIMR this year saw 27 new companies coming to campus for the autumns placements process, broadening the base of recruiters in a year that was also marked by FMCG and e-commerce picking up more candidates than ever before.
Some of the new companies on campus for 2017 autumns placements were Kraft Heinz and VVF in the FMCG space; BCG and Cedar Management Consulting in the consulting space; Goldman Sachs, Lighthouse, TVS Capital, UTC, Avista Advisory, Duff & Phelps and Barclays in the investment banking and financial services space; and Samsung and InfoEdge in the technology sector.
The new companies accounted for 34 per cent of the offers on campus for autumns placements, a SPJIMR innovation that brings to corporate India candidates who are ready to take up important roles. The placements come after students have completed specialisation courses at the Institute, advanced courses in a global university and a six-week-long internship with non-profits, mostly in rural India.
The figures reflected an increased interest in SPJIMR and its two-year full-time MBA-equivalent Post Graduate Diploma in Management (PGDM), which is the Institute's oldest programme and attracts about 80 applications for every seat.
In line with previous trends, the FMCG/FMCD sector led the process with 16 companies participating, and 34 per cent of the batch was placed in the sector. This marked 2017 as one of the most successful years for the FMCG/FMCD cluster.
Amazon India emerged as the single largest recruiter, signifying the need for high-quality talent in a sector that is not only growing fast but is also preparing to move to the next level of growth as more Indians consume online.
Sector wise breakup of companies
The top recruiters on campus came from diverse sectors like general management, FMCG, technology, financial services, investment banking, consulting and e-commerce, among others.
Some of the leading companies and groups hiring this season were Amazon India, Cloudtail, Asian Paints, Citibank India, BCG, Colgate Palmolive India, General Electric India, Godrej group, Hindustan Unilever, Mahindra Group Management Cadre, Microsoft India, Mondelez India Foods, Nestlé India, Lighthouse, TVS Capital, Goldman Sachs and Tata Administrative Services.
Overall, the 2017 autumns placements season generated 257 internship offers from a total of 57 companies. Almost half (47 per cent) were new companies. The current batch, which is called the PGDM Class of 2018, has a total of 238 participants. Three participants opted out of the process because they had self-generated offers.
The average stipend in 2017 was to the tune of INR 184,000, which represents a 24 per cent increase over 2016. Finance specialisation saw a 51 per cent increase in stipend and marketing specialisation was placed at an average of INR 200,000. The entire PGDM batch will draw a stipend of over INR 100,000 for the eight week period of internship.
Prof. Abbasali Gabula
Deputy Director, External Relations & Administration