How is SPJIMR's placement report better than IIMs including IIM Calcutta and as good as IIM Ahmedabad (both Average and Median)?

This years average annual salary of SPJMIR (cost-to-company) is INR 32.05 lakhs per annum, representing a 23% increase over last years figure. The median annual salary was INR 30.10 lakhs per year, with over 59 percent of the batch receiving offers in excess of INR 30 lakhs per year and over 87 percent receiving offers in excess of INR 25 lakhs per year. With the increasing intake of consulting firms, offers were extended to 91 students, the highest number ever reported by SPJIMR for a batch. Accenture Strategy, Alvarez & Marsal, Bain & Co., Boston Consulting Group, Deloitte, GEP, KPMG, Miebach, and PwC US Advisory were among the companies that took part. According to the Indian Placements Reporting Standards (IPRS) audited report of IIM Ahmedabad placements 2021, the average salary offered to the PGP/MBA batch 2019-21 was INR 27.54 lakh per annum. The highest annual salary offered was INR 55.00 lakh, while the highest international salary offer was INR 1.16 crore. The average annual international salary offer was INR 74.80 lakh. Every year, SPJIMR includes some additional component in addition to the MEP (MEP already includes non-cash, long-term, and performance-linked components as per IPRS standards), whereas IIMA does not. Yes, SPJIMR benefits from NO reservation, a Mumbai location, and a smaller batch size, all of which contribute to a good placement record and a high average salary.

How much do the top B-schools like the IIMs FMS, MDI, XLRI, SP JAIN, JBIMS, IIFT, and NITIE inflate their placement reports?

In the placement process, it is not always the B-Schools that are responsible for reporting inflated packages, but rather the companies. The figure reported by placement cells is referred to as the "Cost to Company" (CTC) and not the take-home salary. This means that simply dividing the CTC by 12 is not an accurate reflection of what you will receive in your bank account each month. CTC consists of two main components: fixed and variable. The fixed component includes your basic salary, HRA, TA, LTA, employer's contribution to the provident fund, joining bonus, retention bonuses, and ESOPs. The variable component is based on both your performance and the company's performance and is paid out in lump sums either yearly or half-yearly. Your take-home salary at the end of each month is calculated as basic salary + HRA + TA + other allowances - provident fund deduction - tax. The remaining amount is given to you at the end of the year. To illustrate how companies may inflate their CTC figures, here are a few examples: Amazon: Fixed component: 9 lakhs Year 1 end retention bonus: 2 lakhs Year 2 end retention bonus: 1.5 lakhs ESOP: 5 lakhs to be paid over 3 years Performance bonus: separate/not reported CTC: 17.5 lakhs Take-home salary: 65-70k Goldman Sachs: Fixed component + Variable component: 14.5 lakhs Relocation: 2,00,000 INR (one-time payment) Supplemental Salary: 3,50,000 INR (supplemental salary is an accrued bonus paid out in monthly installments pro-rated from the date of joining, only applicable during the first year of joining) CTC: 20 lakhs Take-home salary: 95-98k RBS India Development Center (Royal Bank of Scotland back-end): Fixed component: 9 lakhs Variable component: 10-20% of a fixed component CTC: 10.8 lakhs Take-home salary: 65-68k As seen from the examples, despite Amazon having a CTC that is double that of RBS IDC, their take-home salary is the same. This is the typical way it works. The placement teams likely do not have much control over the process.

Which one is better: IIFT Delhi, JBIMS or SP Jain (Marketing) if I was looking for good placements and brand and I have converted all three?

To choose a college that is perfect for you, one needs to ponder various questions repeatedly. These questions will help you get a clear idea about what you want from MBA and which college will help you achieve that. Which area do you want to specialize in? Are you included towards functional level clarity (Operations, Finance, Marketing, Tech) or granular level clarity (FMCG marketing/Digital e-commerce marketing/Sales or Product Management/Project Management or General Management) If the answer to it is yes, then analyze the reports of these institutes to find where each one of them stands. Looking at average CTC is not the right way and is in fact misleading. Other things you should consider before choosing a B School are The admission procedure and the level of difficulty of entrance exams if these colleges The practicality and relevance of the curriculum as per the recent industrial trends The profiles of your batchmates and their diversity The size and brand of the alumni base and the opportunities you will be availing through them The importance of overall personality grooming One thing you should keep in mind is that brands are just a stepping stone in your career journey and not the main factor. These institutes have been able to establish the brand name mainly because of where their alumni have reached now. So brands are helpful in the short run only.

How do I get a package of 30 lakhs in the field of marketing, post MBA from IIMA/B/C, FMS, MDI, SPJIMR, and IIFT?

While many may shed their philosophies on how getting a high package should not be your ultimate goal and stuff, I am here with a different opinion. When you are investing a huge amount of money it is only right to expect a greater monetary benefit and a better lifestyle. So I have mentioned some techniques that will help you land a package of 30 LPA specifically in the field of marketing post-MBA from IIM ABC, FMS, MDI, SPJIMR, and IIFT. The first thing you need to do is lower your expectations as no marketing placements offer a package higher than 25 LPA. These highest offers are made by top firms like Reckitt Benckiser, HUL, P&G, and Asian Paints. You need to figure out what you really are after, a good marketing role or a high-paying job. If you are after the latter I suggest you go for big consulting firms like Mc Kinsey, BCG, or investment banks that offer 30+ LPA. But if it is the marketing role you are after, then make sure your resume reflects your marketing enthusiasm. This will further increase your chances of selection. Performing well in the competitions conducted by your desired company is another way to get a high-paying job. If the Final Placements are your last resort then make sure you have a stable and excellent CGPA. Many companies consider this factor while shortlisting. These points will help you get your dream job but cannot necessarily guarantee it. It all ultimately depends on your efforts and obviously your luck.

Is an MBA from JBIMS better than SP Jain from a placement point of view?

From the point of view of batch strength, JBIMS has a smaller batch size of 120 students, while SP Jain has a larger batch size of 300 students. The list of companies visiting both campuses is similar, but due to the smaller batch size at JBIMS, the options available per student are higher, resulting in better placement opportunities. In terms of cost, JBIMS has a lower fee structure of approximately 1 lakh per year, while the fees at SP Jain can reach 10 lakhs per year when including all expenses. This results in a higher return on investment for JBIMS. In terms of the quality of education, both colleges are equally good, but it is important not to only consider the quality of education when making a decision. Networking opportunities should also be taken into consideration, and JBIMS offers strong networking opportunities due to its strong alumni base. In conclusion, both colleges offer great placement opportunities and it is up to personal preference and individual circumstances to determine the best option. JBIMS saw a significant increase in average salary in 2022, rising over 20% to INR 27.63 LPA. The median CTC was INR 26.48 LPA, and the highest salary offered was INR 42 LPA. Consulting firms were a major presence during the placement drive, with companies such as Deloitte, EY, PwC, Accenture, Infosys, and KPMG among the top recruiters. During the SPJIMR Placements 2022 Report, 75 recruiters visited the campus, with top companies including Accenture, Aditya Birla Capital, Amazon, and American Express. PGDM students received 123 PPOs/PPIs, with the highest salary offered at INR 53.16 LPA and an average salary of INR 32.06 LPA.

How is the PGDM marketing program at SPJIMR? Also, can you shed light on the placement scenario as well?

The SPJIMR PGDM Marketing program is similar to top B Schools like IIM ABC. The key highlights of the same program are listed below. Please note these are not generic and are specifically related to the Marketing program. Curriculum: The curriculum is almost exactly what is taught at elite B Schools. The relevancy of the curriculum is maintained through unique programs like GFT wherein a 3-week immersion at some of the finest universities of the USA takes place. A very interesting program called ‘A day in the life of a Salesman’ is a much talked about program at SPJIMR. In this, you will get to shadow a salesman from a reputed FMCG company so that you understand the techniques of sales and distribution. Pedagogy: The pedagogy adopted is usually a case-based approach. Mostly Harvard cases are used to strike discussions in the classrooms. Additionally, live projects are conducted by various visiting companies. Such initiatives help formulate an effective pedagogy. Faculty: The faculty is a great combination of professors with theoretical knowledge and industry experts. All are highly competent in their respective fields. Batch: The diversity of the batch can be looked up on the official website by checking the profiles of the Marketing batch specifically. Usually, the crowd is diverse and has an overall good profile. Placements: The placement statistics can be checked on the official website. The figures are inflated but can be used for comparison purposes only. The table below includes the key highlights of SPJIMR placements 2023 Particulars Statistics Highest salary INR 77.8 LPA Average salary INR 33.02 LPA Top Recruiters Asian Paints, Hindustan Unilever Limited, ITC, Accenture Strategy

What is the placement process at SPJIMR, Mumbai for the PGDM program?

There are mainly two placements: Internships Placements (called the Autumn placements) and Final Placements. Internship placements: These placements take place usually in the month of July and August during the second year. Students end their internship by October. The FMCG companies visit for Marketing and Operation placements together. Finance and Information Management internships are more like a rolling process. Final Placements: The final placements occur usually in the month of December. At this time, all the PPO results from internships are out and almost 50% of the batch has already been placed. SPJIMR does not encourage lateral placements and such cases are dealt with individually. The placement scenario for Information Management is pretty good offering amazing opportunities in both IT consulting as well as corporate IT.

Which one is better: NMIMS, JBIMS, or SP Jain for Finance if I was looking for good placements and brands?

If you are considering pursuing an MBA in finance at NMIMS, JBIMS, or SPJIMR, the ranking is JBIMS > SPJIMR > NMIMS. JBIMS has a high-quality education due to the prominent faculty members who come to the campus regularly to teach and give guest lectures. Some of the notable faculty members include Prof. Moradian, Prof. Shivanand & Kedar Mankekar, Prof. Sandeep Gokhale, Prof. Ghadiyar, and Prof. Jagdeep Kapoor. The institute also has an excellent placement record, with major companies such as Deloitte, EY, PwC, Accenture, Insofys, and KPMG visiting the campus. The average salary during the 2022 placement drive was INR 27.63 LPA, with the median CTC at INR 26.48 LPA and the highest salary at INR 42 LPA. The 2021 summer internship placement drive was also a success, with the highest stipend offered to be INR 5.67 Lakhs per month and the average stipend at INR 2.05 Lakhs per month. JBIMS also has a strong industrial interface, with many companies providing live industrial projects to students, which is a significant benefit. The institute is located in Mumbai, which is close to many corporate headquarters, such as HDFC, ICICI, BCG, and McKinsey. The institute has also performed well in national-level competitions, such as HUL LIME, P&G Dream Team, JP Morgan - The Deal, Nomura Investment Banking Case Study Contest, and PepsiCo BIAC. The alumni network of JBIMS is extensive, with notable alumni such as Noshir Kaka, Nitin Paranjpe, Kainaz Gazder, Vinita Bali, Mani Ratnam, Sam Balsara, Chanda Kocchar, Ajay Piramal, Paresh Sukhtankar, Sanjay Lalbhai, Rohit Narang, Shruti Bajpai, Ravi Chaturvedi, Siddharth Roy Kapur, Uday Kotak, Harish Manwani, Parag Gude, and many more. JBIMS is referred to as the "CEO factory," which is a testament to the quality of education and training provided.

What was the placement of the SPJIMR, Mumbai last year?

The SPJIMR, Mumbai PGDM placements for 2022 were a success, with 70 companies visiting the campus and offering a variety of exciting opportunities to students. A total of 123 PPOs were made during the placement season, which is a testament to the quality of education and training provided by the institute. The placements resulted in a substantial rise in the median and average packages offered to students. Compared to 2021, there was a remarkable 20% increase in the median package, which indicates that students with a diverse range of skills and expertise were offered competitive compensation packages. The average package offered during SP Jain SPJIMR PGDM placements 2022 was INR 32.06 LPA, which was a significant rise of 23% compared to the previous year. The highest package offered during PGDM placements in 2022 stood at INR 52.16 LPA, which is a testament to the caliber of the students and the effectiveness of the institute's placement process. The rise of 14% in the highest package compared to 2021 is a clear indication of the growing reputation and recognition that SP Jain Institute of Management and Research has been receiving in the industry. The top recruiters for SP Jain Institute of Management and Research in 2022 included leading companies such as Amazon, Microsoft, and Tata, which is a testament to the quality of education and training provided by the institute. These companies have a reputation for recruiting the best and brightest candidates from top business schools, and their presence at SPJIMR PGDM placements 2022 is a testament to the quality of the institute's graduates.

How good is SPJIMR's PGDM? I’m looking at the current placement records of over 26L average. Is it performing better than top B-schools like XLRI/FMS/IIM?

SPJIMR has been among the top 5 or 10 B Schools over the past few years consistently. Its brand value can be compared to XLRI, FMS, and even IIMs except for IIM ABC. This is because even now there are some roles offered to IIM ABC students that are not offered at SPJIMR. But this is not a major issue as these roles seek only extraordinary profiles and In Fact, many other roles offered at IIM ABC are lower than average. In SPJIMR even the lowest package is decent and the range of salary is not very broad. This year, SPJIMR's average package stood at INR 33.02 LPA. Other key points to note in comparison to old IIMs is that our Highest CTC is lower than that of IIMs but our Lowest CTC is higher than that of IIMs. So I will suggest anyone with an exceptionally good profile to choose IIM whereas someone with a decent average profile should go for SPJIMR only. It is important to note that getting roles at SPJIMR is a bit easier than IIMs mainly because of the small batch size and less competition.

SPJIMR Placements 2023: Average Package: INR 33.02 LPA & Highest Package: INR 77.8 LPA

Placements

SPJIMR Placements 2023 has been concluded. SPJIMR highest package stood at INR 77.8 LPA whereas SPJIMR average package stood at INR 33.02 LPA. More than 70% of the batch secured offers of INR 30 LPA & more than 92% of the batch secured offers of INR 25 LPA. Recruiters came from various sectors like FMCG, Consulting, BFSI, Pharma & Tech. The highest number of offers came from the FMCG sector (35%) followed by the Consulting sector (32%). Some of the top recruiters of SPJIMR Placements 2023 included Asian Paints, Hindustan Unilever Limited, ITC, Accenture Strategy, Boston Consulting Group, Deloitte etc.

During SPJIMR Summer Internship Placements 2023, 237 students received 312 Internship offers. Students received an Average stipend of INR 2.95 Lakhs per month. The median stipend stood at 3 Lakhs per month.

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Table of Content

SPJIMR Placements 2023 Report
SPJIMR Placements 2022 Course - Wise
SPJIMR PGDM Placements 2022

3.1 SPJIMR PGDM Placements 2022 Salary - Wise

3.2 SPJIMR PGDM Placements 2022 Sector - Wise

SPJIMR PGPM Placements 2022

4.1 SPJIMR PGPM Placements 2022 Domain - Wise

SPJIMR Placements Year - Wise Trends
SPJIMR Placements 2022 Top Recruiters
SPJIMR Summer Internship Placements 2023 Report
SP Jain Institute of Management and Research Placements 2021 Analysis

8.1 SP Jain Institute of Management and Research Ecommerce Sector Placements 2021

8.2 SP Jain Institute of Management and Research Finance Sector Placements 2021

8.3 SP Jain Institute of Management and Research Consulting Placements 2021

8.4 SP Jain Institute of Management and Research General Management Sector Placements 2021

8.5 SP Jain Institute of Management and Research Sales & Management Placements 2021

8.6 SP Jain Institute of Management and Research IT & Other Sector Placements 2021

SPJIMR Alumni Network
SPJIMR Placements FAQs

SPJIMR Placements 2023 Report

Particulars	Placements Statistics (2021-23)	Placements Statistics (2020-22)
Number of Recruiters	63	75
New Recruiters	33	33
PPO/PPIs Offered	112	123
Highest Salary	INR 77.8 LPA	INR 53.16 LPA
Average Salary	INR 33.02 LPA	INR 32.06 LPA
Median Salary	INR 32.89 LPA
Top Recruiters	Asian Paints, Hindustan Unilever Limited, ITC, Accenture Strategy	Accenture, Aditya Birla Capital, Amazon, American Express

Also check SPJIMR Cutoff

SPJIMR Placements 2023 Salary Statistics

The below table represents the salary statistics of SPJIMR Placements 2023:

Salary Statistics	Percentage
INR 25 LPA & more	92%
INR 30 LPA & more	70%
INR 35 LPA & more	35%
INR 40 LPA & more	6.6%

SPJIMR Placement Highlights

SPJIMR Placements 2022 Course - Wise

The below table represents the course - wise highlights of SPJIMR Placements 2022:

Particulars	PGDM	PGPM
Companies Participated	70	75
New Recruiters	33	-
Total Number of Students	238	-
Number of Students Placed	-	130
Number of PPOs/PPIs	123	-
Highest Salary	INR 53.16 LPA	-
Average Salary	INR 32.06 LPA	INR 23.6 LPA
Top 25% Average Salary	-	INR 31 LPA
Top 50% Average Salary	-	INR 28.7 LPA
Median Salary	INR 30.10LPA	-

During SPJIMR Placements 2022, the highest salary was bagged by the PGDM students. The average salary of the PGDM students was higher than the PGPM students.

SPJIMR PGDM Placements 2022

The below table represents the highlights of SPJIMR PGDM Placements

Particulars	Placements Statistics 2022
Companies Participated	70
New Recruiters	33
Number of Students	238
Number of PPOs/PPIs	123
Highest Salary	INR 53.16 LPA
Average Salary	INR 32.06 LPA
Median Salary	INR 30.10LPA
Major Sector	Consulting/IT
Top Recruiters	Accenture, Aditya Birla Capital, Amazon, American Express

During SPJIMR Placements 2022, the participating batch comprised 238 students. 70 recruiters participated in the placement drive among which 33 were first time recruiters. Some of the major recruiters included Accenture, Aditya Birla Capital, Amazon, American Express etc.

During the placement drive, students received 123 pre-placement offers. The highest salary offered was INR 53.16 LPA. Students received an average salary of INR 32.06 LPA. The median salary stood at INR 30.10 LPA.

Also check SPJIMR Admission 2022

SPJIMR PGDM Placements 2022 Salary - Wise

The below table represents the salary - wise statistics of SPJIMR Placements 2022:

Salary Statistics	Offer Percentage
Equals to INR 25 LPA or greater	87%
Equals to INR 30 LPA or greater	59%
Equals to INR 35 LPA or greater	30%
Equals to INR 40 LPA or greater	14%

During SPJIMR Placements 2022, 87% of the students received salary packages INR 25 LPA & more, 59% of the students received salary packages of INR 30 LPA & more, 30% of the students received salary packages of INR 35 LPA & more, 14% of the students received salary packages of INR 40 LPA & more.

SPJIMR PGDM Placements 2022 Sector - Wise

The below graph represents the sector - wise statistics of SPJIMR Placements 2022:

SPJIMR PGDM Placements 2022 Sector - Wise

During SPJIMR Placements 2022, the highest number of placement offers came from the Consulting/IT sector followed by the FMCG sector.

The below table represents the sector - wise top recruiters of SPJIMR Placements 2022:

Sectors	Name of the Recruiters
Consulting/IT	Accenture, Deloitte, GEP, KPMG
FMCG	Asian Paints, Colgate – Palmolive, Procter & Gamble
Private Equity, BFSI and Tech	American Express, Amazon, Microsoft, PayTM
E-Commerce	Amazon, Flipkart

Also check SPJIMR Ranking

SPJIMR PGPM Placements 2022

The below table represents the highlights of SPJIMR PGPM Placements 2022:

Batch	Placements Statistics 2022
Number of Companies Participated	75
Number of Students Placed	130
Average CTC	INR 23.6 LPA
Average CTC of Top 25% Students	INR 31 LPA
Average CTC of Top 50% Students	INR 28.7 LPA
Top Domain	Consulting and Technology
Top Recruiters	Flipkart, IBM, KPMG

During SPJIMR PGPM Placements 2022, 75 recruiters visited the campus. Some of the major recruiters included Flipkart, IBM, KPMG etc. 130 students were placed. Students received an average salary of INR 23.6 LPA. The top 25% of the batch received an average salary of INR 31 LPA & top 50% of the students received an average salary of INR 28.7 LPA.

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SPJIMR PGPM Placements 2022 Domain - Wise

The following table represents the domain wise placements for the PGPM batch of 2022 at SPJIMR:

Domain	Percentage of Students Placed
Consulting	51%
Technology	39%

SPJIMR Placements Year - Wise Trends

The below table shows the year - wise trends of SPJIMR Placements:

Particulars	2020	2021	2022
Number of Recruiters	74	131	75
New Recruiters	35	75	33+
Highest Salary	INR 30.06 LPA	INR 46.65 LPA	INR 53.16 LPA
Average Salary	INR 19.5 LPA	INR 26.06 LPA	INR 32.06 LPA

During SPJIMR Placements 2022, the number of recruiters declined as compared to the previous year. The highest salary increased from INR 46.65 LPA to INR 53.16 LPA in 2022. The average salary increased from INR 26.06 LPA to INR 32.06 LPA in 2022.

Also check SPJIMR News & Articles

SPJIMR Placements 2022 Top Recruiters

Accenture	Amazon	American Express	Barclays
BYJU’s	Capgemini	DE Shaw & Co	Deloitte
Edelweiss	Flipkart	GEP	Goldman Sachs
GSK	HCL	Hindustan Unilever Limited	Infoedge
ITC	KPMG	Mahindra Rise	Make My Trip

SPJIMR Summer Internship Placements 2023 Report

SPJIMR Mumbai also conducts Autumn Internships for its students. The batch of 2021-23 has successfully participated in these internships:

Particulars	Internship Statistics (2020-22)	Internship Statistics (2021-23)
Number of Companies	52	41
Number of Offers	260	312
Number of Participants	238	237
No. of New Recruiters	27	-
Highest Stipend (For Two Months)	INR 4 Lakhs	INR 4 Lakhs
Average Stipend (For Two Months)	INR 2.61 Lakhs	INR 2.95 Lakhs
Median Stipend (For Two Months)	INR 2.80 Lakhs	INR 3 Lakhs
Top 20% Average Stipend	-	INR 3.66 Lakhs
Top 50% Average Stipend	-	INR 3.34 Lakhs
Job Roles Offers	-	Analytics, Consulting, Corporate IT etc
Major sector	-	FMCG

During SPJIMR Autumn Internship Placements 2023, 237 students received 312 internships. Students received an average stipend of INR 2.95 Lakhs per month that increased by 13% as compared to the previous year. The median salary increased by 7% as compared to 2021 & stood at INR 3 Lakhs per month. Top 20% of the students received an average stipend of 3.66 Lakhs per month whereas top 50% of the students received an average stipend of INR 3.34 Lakhs per month.

During the placement drive, FMCG was the top recruiting sector followed by the Consulting sector.

Students received various job roles like Analytics, Consulting, Corporate IT, General Management, Investment Banking etc.

Also check SPJIMR Q&A

SP Jain Institute of Management and Research Placements 2021 Analysis

As per the data collected by Collegedunia, the following table represents the 2021 placement statistics that have been observed up till now:

Particulars	Placement Statistics
No. of Recruiters	50
Highest CTC	INR. 35-40 LPA
Top Recruiters	Ecommerce: Amazon, Flipkart, Uber
	Finance: Goldman Sachs, HDFC Bank, American Express
	Consulting: BCG, Bain & Co, EY
	General Management: ABG, TAS, Mahindra GMC
	Sales & Management: HUL, P&G, ITC
	IT & Others: Microsoft, Samsung, BYJUs

The following graph represents the sector-wise placement statistics: