SPJIMR's stellar placement record is no secret. It's among India's top business schools, a veritable launching pad for aspiring management leaders.
But just how impressive are SPJIMR's placements? What kind of salaries and roles do students land? How has the institute's recruitment performance fared over time?
To unravel these mysteries, we delved into the depths of SPJIMR's recruitment data from the past three years.
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What Salaries Do SPJIMR Students Get During Final Placements?
SPJIMR has seen significant growth across key salary parameters over the past three years.
The highest salary between 2022 and 2020 has increased by 14%, while the average and median salaries have grown by 23% and 20% respectively.
Between 2022 and 2021, SPJIMR recorded a competitive 22% growth in the average salary offered, and a 1.2x increase in the median salary.
The table below captures a more granular view of the various components that make up SPJIMR’s incredible salaries.
- In terms of fixed salaries, SPJIMR has seen consistent growth over the past three years.
- Interestingly, the lowest salary has risen by a whopping 63% over three years, touching nearly 14 lakhs in 2022 — which is comparable to the average salaries of various lower-tier business schools.
- Outside of fixed salaries, SPJIMR has seen massive growth in performance-linked and other salary benefits, with the highest performance-linked component going up to nearly 9 lakhs in 2022.
SPJIMR offers a transparent view into the institute’s PGDM placements. Check out their
audited placement reports for past years here.
Domain-Wise Offers and Salaries at SPJIMR
In recent years (even beyond 2020), Consulting has been the domain most SPJIMR students flock to during placements. Over the past five years, at least 1 in 4 SPJIMR students has received consulting job offers, making it the most sought-after domain.
- Marketing specialization students typically prefer FMCG companies. In 2022, 40% of the Marketing batch was placed with FMCG firms. In 2021 and 2020, 34% and 35% of the Marketing batch was placed with FMCG firms, respectively.
- Most Operations specialization students tend to prefer FMCG and Ecommerce companies. In the 2022, 2021 and 2020 placements process, at least 45% and up to 51% of the Operations and Supply Chain batches were placed with these companies.
- In 2022, 30% of the IM batch received PM roles. This figure stood at 40% in 2020, making Product Management one of the more sought-after domains on campus.
So, what kind of salaries do these domains offer? On average, Consulting pays an average salary ranging between 22 and 31 lakhs, as per data over the past three years.
Operations/Logistics/Supply Chain profiles tend to be amongst the top-paying profiles on campus each year, offering average salaries in the 20 to 36 lakhs range as per three-year data.
Domain-wise, one of the biggest leaps in salaries over three years has been for Operations/Logistics/Supply Chain profiles (73%). Finance salaries have gone up 1.5x, as have IT salaries.
Growth in General Management salaries has been notable but slower than other domains, seeing a three-year increase of 20% between 2022 and 2020.
What Companies Hire From SPJIMR?
SPJIMR has cultivated strong corporate partnerships, evident from the list of recruiters in its placement reports. These companies, both domestic and international, offer highly sought-after and well-paying roles.
Consulting giants like BCG, Bain, Accenture Strategy, Alvarez & Marsal, and the Big 4 recruit for management consulting positions.
FMCG is a popular industry among SPJIMR students, particularly in Marketing Management batches. Industry leaders like Unilever, Nestle, P&G, Mondelez, L'Oreal, Godrej, ITC, and others hire for various roles at SPJIMR.
Top BFSI firms like Goldman Sachs, JP Morgan, Amex, Avendus, and Barclays seek talent from SPJIMR, offering roles in wealth management, investment banking, corporate finance and strategy, equity research, analytics, and more.
E-commerce giants like Amazon and Flipkart recruit students for supply chain, product management, finance management, and other profiles. Conglomerates also offer leadership roles to SPJIMR graduates.
In 2022, companies like Amazon, Mahindra, Tata, and Capgemini offered general management and leadership positions to the PGDM batch.
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