SPJIMR Placements 2023: Highest Package of ₹77.8 lakh and Average Package of 33.02 lakh for PGDM

SP Jain Institute of Management and Research,(SPJIMR) Mumbai has announced the completion of the final recruitment process for the PGDM class of 2023.

The institute (SPJIMR) said that this year, the highest salary offered to a student is Rs 77.8 lakh per annum, while the average salary is Rs 33.02 lakh per annum

 “The average annual salary (cost-to-company company) this year is Rs 33.02 lakh per annum. The average annual salary came in at INR 32.89 lakh per annum, registering a growth of 9.3% over the previous year, with over 70 per cent of the batch earning above INR 30 lakh per annum and over 92 per cent above INR 25 lakh per annum was offered. , SJIMR said in a press statement, despite the current market scenario around tech and fears of a worldwide recession, stellar placements and steady growth were witnessed over the past year.

FMCG, Consulting, BFSI, Pharma and Tech are the top recruiters for the PGDM 2023 students.

The institute informed that FMCG firms recruited 35 per cent of the batch, with offers from sector leaders such as Asian Paints, Castrol, Colgate-Palmolive, General Mills, Godrej Group, Hindustan Unilever Ltd, ITC, Kimberly Clark, L’Oreal, Marico, Mondelez. , Nestle, P&G and Reckitt.

32% of the batch’s students and top recruiters were offered the consulting sector which includes Accenture Strategy, Boston Consulting Group, Deloitte, GEP Worldwide, Kearney, KPMG, Praxis Global Alliance and PwC US Advisory. An international offer was made by Infosys, it said.

From BFSI, Tech and Pharma sectors, companies like American Express, Barclays, Cisco, Dr. Reddy’s Laboratories, Helon, Edelweiss, Flipkart, MakeMyTrip, Paytm and ServiceNow participated in the recruitment process.

“A record number of front-end investment banking roles were offered by marquee firms such as BDA Partners, JM Financial, O3 Capital and Nova One. There was a 75% increase in offers in Investment Banking as compared to last year.

The institute said that buy side firms such as hedge funds, venture capital and asset management also visited the campus, with offers from Pinpoint Asset Management, WEH Ventures and Edelweiss Asset Management.

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