SPJIMR completes PGDM placements, average salary up by 4%

Placements saw participation of 97 companies, pre-placement offers marginally down compared to last year

S P Jain Institute of Management and Research (SPJIMR), completed the placements for the post graduate diploma in management (PGDM) Class of 2013, with participation of 97 companies. The average salary increased to Rs 16.13 lakh, which was 4.3% higher than the average salary of Rs 15.46 lakh last year.

SPJIMR saw a substantial rise in the number of companies taking part in the placement process with 97 companies coming in this year, compared to 81 companies last year.

Pre-placement offers (PPOs) were marginally down than last year, with 49% of the class receiving PPOs and Pre-Placement Interviews through their Autumns Internships at leading corporate houses. The figure was 51.43% last year.

This year, 61% of the batch had offers of Rs 15 lakh and more, compared to 51% of the batch last year. Similarly, 83% of the batch had salaries of Rs 13 lakh and more, in comparison to 75% of the batch in 2012. The median salary for the batch of 176 students was Rs 15.9 lakh, and international job offers were made by pharma major Ranbaxy and consumer electronics firm Jumbo Electronics.

Lateral job offers were down compared to last year. In 2013, a total of 65 lateral offers were made, compared to 131 in 2012. Lateral hires are for people with four plus years of experience, who are recruited directly for senior posts.

Companies for general management segment included Tata Administrative Services, Mahindra & Mahindra, Reliance Industries Limited, Ranbaxy and Raymonds.

Further, 22% of the batch was placed in top consulting firms which included Accenture Management Consulting, Bristlecone, Capgemini, Cognizant Business Consulting, Deloitte, Ernst & Young, KPMG, PwC among others.

According to the SPJIMR placement report, market trends did not affect the finance batch on campus. The batch picked up offers from financial players including JP Morgan, Citibank, Deutsche Bank, Axis Bank, YES Bank and SBI Caps among others. About 16% of the batch got offers in the financial services and banking sector.

Telecom sector also made its presence felt, with offers being given by Bharti Airtel and Vodafone.

IT companies like Microsoft, Google, Dell and HCL Technologies also offered sales roles on campus. Other recruiters from the IT sector included Amazon and, Directi.

In 2013, about 27% students were offered jobs in the FMCG sector. The companies that made offers include Hindustan Unilever, P&G, Kraft, PepsiCo, Britannia and Marico among others.