Final Placements: SPJIMR Mumbai – Class of 2014

We are happy to note that SP Jain has provided placement data to us in the InsideIIM format. SP Jain has been publishing its final placement report, audited by CRISIL, in the IPRS format since 2011 (read the 2011 report here and the 2012 report here ). We were unable to find the 2013 report in the IPRS format. At InsideIIM, our view on the IPRS format is that although it provides an amazing level of detail about salaries, it suffers from a drawback because it does not incorporate profile information (i.e. the job profile for which the candidate was hired). We appreciate the forthrightness of SP Jain for reporting its placements in the IPRS format, but we also believe that the quality of job profiles is the most critical input while evaluating the placements at a B school. The InsideIIM placement report provides data on job profiles, and we are delighted to have this data from SP Jain from this year onwards. We hope this is the beginning of a long and fruitful relationship.

Highlights of final placements for the batch of 2014 – SP Jain (as reported to us by the institute)

–   SP Jain Institute of Management and Research completed placements for the PGDM Class of 2014 with a 22.9% increase in the highest salary from Rs 24 lakh last year to Rs 29.5 lakh this time.

–   The average salary has gone up around 6.8% to Rs 17.2 lakh even as 101 companies including 51 first-timers made 246 offers to the 228-strong batch.

–   The median salary for the batch was Rs 16.8 lakh. 70% of the batch has offers of Rs. 15 lakh and more, while 85% had salaries of Rs 13 lakh and more.


Banking and finance

According to SP Jain’s placement report on its website, around 21% of the batch was offered roles in banking and financial services. The list of recruiters – though not large as the number of finance recruiters at some other schools in the same tier, still has good options for SP Jain students in terms of diversity of roles. You have to remember that the batch size is relatively modest (220 students) and moreover the class is already divided into four sections (finance management, marketing management, information management and operations management) before the commencement of the course, therefore placements would be a more orderly affair. Big global names include Citibank, HSBC (in corporate banking/transaction banking roles) and Goldman Sachs, Nomura and JP Morgan (in middle office roles). Front-end investment banking roles have been offered by a couple of Indian players – JM Financial and Avista Advisory. Franklin Templeton offered a role in asset management, while some other firms (GE, Pepsi, Amazon and Dell) offered roles in corporate finance.




 Consulting and General Management

Consulting: Financial consulting firms seem to exert a strong pull over SP Jain. The list includes Deloitte, KPMG, and Ernst & Young. Even Capgemini offered a role in financial consulting (risk management). Another recruiter in consulting was Bain Capability Centre (which is an offshore group providing support and shared services to Bain Consulting). Companies in IT consulting include Cognizant and IBM. BristleCone offered a role in operations consulting. The statistics on SP Jain’s website say that around 23% of the batch took up offers in consulting. That’s roughly 50 students, which is a pretty high rate of more than five offers per company in consulting. We believe there must be some other names as well who recruited for consulting profiles.

General Management

The big names are all there – TAS, Mahindra and Mahindra, and RIL. Only Aditya Birla Group is missing. Tata Strategic Management Group also hired from SP Jain. TAS has been a long-term recruiter at SP Jain.




At SP Jain, FMCG companies have recruited for a diverse variety of profiles. The main recruiters offering pure sales and marketing roles (according to the information given to us) are GSK, P&G, Kraft, Asian Paints and Colgate Palmolive. Supply chain roles were offered by a number of FMCG companies including HUL, Britannia, Marico, Kraft, GSK and P&G. Pepsico offered a corporate finance role, as stated earlier.



Technology, E-commerce, Media and others

Things would have looked pretty interesting if you did your MBA in information management – with two technology giants – Microsoft and Google recruiting from SP Jain. Other major recruiters include Philips and Samsung in the consumer products space, Airtel and Vodafone in the telecom space, and Cisco and Siemens in the B2B space. The e-commerce space saw recruitment from Amazon and Flipkart.


Pharma and others

Pharma saw recruitment from Ranbaxy, Cipla, Glenmark and Dr. Reddy’s All were for Sales and Marketing roles.





To summarize, the batch of 220 students received 246 offers from 101 companies. Total number of PPOs was 85 – around 38%, which is higher than the figure at XLRI (32%) and FMS (17%). The high rate of PPOs is indicative of the focussed nature of SP Jain’s MBA program – where domain is decided prior to course commencement – leading to a very low probability of domain changes as the course goes along. This also increases the probability of a PPO being accepted. All in all, we once again congratulate SP Jain for completing another successful placement season.




Although we have taken all efforts to verify the information presented in the report, we cannot guarantee that it is 100% correct.

Read the final placement report of SPJIMR – class of 2013 here.

Read the previous reports of the 2014 final placement season – (XLRI , TISS Mumbai, IIM Ahmedabad, IIFT Delhi & Kolkata)


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Any way to know the Branch specific placements….. for example for operations we have Bristlecone and other SCM roles but what about the rest of the batch…. do they take up roles from other domains


@pksingh3232 If you think IPRS reports are inflated then please read the way audits work. If you dont wanna believe its your choice, but trying to belittle our steps to be transparent will not make your institute look ccol. @retro Yes we reported good placement figure when every college took dip but is that so improbable that you guys find it impossible to believe. Last year our batch size was 180+, this year we are 220 with all the students divided in 4 specializations equally. Our internship happens in Sep of second year when we have studied about our specialization, naturally our PPO conversion will be good. We have taken a different path but that does not mean we can not perform better. All I am saying is be a little more open minded and if you doubt the credibility of IPRS then all what I am saying will not even matter to you ppl


SP Jain has not published any placement report as per IPRS since 2013. If in any case SP Jain has no intention of inflating thier average figures first ask your college authorities to publish placement report as per IPRS format for year 2013 and 2014.


Ha Ha 17.2 lac average!!! We know the inside story of every B-School ….SPJAIN reported 16 l around last year when every college had a dip in the average… going by the trend…it had to increase it a little this year too …so there it goes 17.2 IPRS zindabad lol


@Retro –
XLRI: Batch Size – 245, Median Salary 16.25 [Src – InsideIIM report]
FMS: Batch Size – 220, Avg Salary 16.18 (Top 50% avg of 19 lpa) [Src – Placement Report on website]
JBIMS: Batch Size – 120, Avg Salary 16.18 lpa [Src – Article of careers360]
IIMI: Batch Size – 475, Avg for Top 200 is 16.47 and overall 12.13 [Src – InsideIIM report]
(I have my reservations on considering this top 200 figure but since its a bschool comparable to SPJIMR I have included it)
SPJIMR: Batch Size – 220, Median Salary of 16.8 and Avg of 17.2 [Src – Placement report on website]

Now if you compare these figures 16.85 isn’t very high when you have top 50% at FMS above 19. You have also gotta understand these figures include multiple parameters and actual cash in hand would be much different from what the salary is mentioned.

P.S – Salaries are important but I still believe its profiles which matter the most and it would be great if all the students and aspirants understand this. This is gonna be last step in education for all and one is not gonna get many opportunities of switching domain after completing MBA, so as long as the students are getting profiles of their liking salaries aren’t a very major issue. IIMA has been doing by reporting only profiles and I believe its high time every bschool goes that way. And the one who are analyzing the reports too should focus on roles more than salaries.


poojan … its not 16.85, its 17.2 do not compare a median with an average. And you think 17.2 is comparable to 16ishs?? Why don’t you point out few companies which have made offers at SPJIMR which do not visit the likes of XLRI and FMS which would make the figure of 17.2 against 16.2s believable. The point is what makes SPJIMR report higher salaries than the likes of XLRI and FMS? There has to be some differentiating factor, or do you mean to say the companies visiting SPJIMR generally offer more than the companies visiting other similar colleges? This whole placement reporting thing is goofed up. B-Schools report exhorbidant average salaries which are in no way matched with the reality. This slight anomaly in one B-School report actually exposes their follies.


For the class of 2013 the college released an Avg of 16.13 lpa (
After the audit, the avg MEP (max earning potential) came out to be 14.3 lpa ( So we can see the averages reported are way higher than even the MEP. (For reference of actual salary: the avg “total guaranteed cash component” (which includes joining bonus) is 12.09 lpa and the avg of “fixed yearly salary” is 11.02 lpa for that year.
This gives an idea how the actual cash salaries compare to the CTCs reported (compare 11.02 with 16.13 !). And even further, the “in hand” salary would be obtained after deducting Tax, PF and other deductibles from this 11.02 (which may come out to around 8 lpa!) .
To comment on the inflated figures, in a nushell : Reported Avg CTC 16.13 lpa >> In hand avg salary 8 lpa.
(P.S. there are lesser data points in the audited report for the second argument but nonetheless an approx idea may be obtained from it.)