SPJIMR Placements 2024: PGDM Students Shine Despite Market Conditions, Average Salary at 33 Lakhs

By Team InsideIIM

SPJIMR Placements 2024: PGDM Students Shine Despite Market Conditions, Average Salary at 33 Lakhs

In a challenging job market, SPJIMR proudly announced the successful placement of its PGDM Class of 2024. Despite economic uncertainties, the institute achieved remarkable results, with the highest package reaching 81 Lakhs. We present to you the key insights of SPJIMR's placement report for 2024.

Key Highlights:

Participants in the Batch: 292
Number of Companies Participating: 72
Number of First-Time Recruiters: 33
Total Pre-Placement Offers: 138
Average Salary: 33 LPA
Median Salary: 31.50 LPA
Highest Salary: 81 LPA

Salary Breakdown:

7% (6.5%) of offers were equal to or greater than INR 40 LPA.
34% of offers were equal to or greater than INR 35 LPA.
71% of offers were equal to or greater than INR 30 LPA.
90% of offers were equal to or greater than INR 25 LPA.

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Top Recruiting Sectors:

FMCG, Consulting, BFSI, Pharma, and Tech Lead the Way

SPJIMR witnessed active recruitment across various sectors, with FMCG, Consulting, BFSI, Pharma, and Tech emerging as the frontrunners.

Sector	Recruiters	Remarks
Consulting	Accenture Strategy, Boston Consulting Group, Deloitte, Ernst & Young, GEP, Infosys Consulting, Kearney, KPMG, Miebach, Nomura Research Institute, Praxis Global Alliance, PwC, Synergy	Consulting/IT Consulting companies have given a maximum number of offers, making up over 35% of the batch.
FMCG	Asian Paints, AbinBev, Colgate-Palmolive, Dr. Reddy’s Laboratories, Novartis, Godrej Group, General Mills, Hindustan Coca-Cola Beverages, Hindustan Unilever Limited, ITC, Kellanova, L’Oréal, Marico, Mondelez, Nestle, Procter & Gamble, and more	FMCG firms recruited 25% of the batch, showcasing one of the highest-ever participation by the FMCG industry.
BFSI	Axis Bank, Barclays, DC Advisory, Fullerton, Goldman Sachs, ICICI Securities, JPMC, JM Financial, Neo Wealth, Nomura, Nuvama, O3 Capital	BFSI, IB, PE, VC, and Hedge Funds companies recruited 41% of the Finance cohort.
Tech	CapGrid, Cimpress, NPCI, PayTM, Play Simple Games, Intuit, MakeMyTrip, Media.net, American Express, Samsung Research India, and others	Despite a slowdown, 30% of the Information Management specialisation was placed in the Product Management sector.
General Management	Aditya Birla Group, Capgemini E.L.I.T.E., Mahindra GMC, RPG, Tata Administrative Services	Top recruiters offering General Management and Leadership roles.

Consulting Sector Dominance:

Consulting firms like Accenture Strategy, Boston Consulting Group, Deloitte, Ernst & Young, GEP, Infosys Consulting, Kearney, KPMG, Miebach, Nomura Research Institute, Praxis Global Alliance, PwC, Synergy and others. recruited 35% of the batch, making it the most sought-after sector.

FMCG & Pharma Sector recruit big numbers

The FMCG sector stood out in SPJIMR's placement season, showcasing one of the highest-ever participation by the industry. With FMCG firms recruiting 25% of the batch, students received offers from sector leaders. Moreover, a significant portion of students, accounting for 35% of the total, secured placements with industry giants from both FMCG and pharma domains. These giants included Asian Paints, AbinBev, Colgate-Palmolive, Dr. Reddy’s Laboratories, Novartis, Godrej Group, General Mills, Hindustan Coca-Cola Beverages, Hindustan Unilever Limited, ITC, Kellanova, L’Oréal, Marico, Mondelez, Nestle, Procter & Gamble, among others.

Strong Demand in the Financial Sector:

BFSI giants including Axis Bank, Barclays, Goldman Sachs, ICICI Securities, JPMC, JM Financial, Nomura, and O3 Capital hired 41% of the Finance cohort, reflecting robust demand in the financial domain.

Tech Sector Resilience:

Despite challenges, technology firms like Infosys Consulting, CapGrid, Cimpress, MakeMyTrip, Media.net, PayTM, Play Simple Games, Samsung Research India, and Intuit extended offers to 30% of the batch, emphasizing the resilience of the tech sector.

Leadership Opportunities:

Leading conglomerates such as Aditya Birla Group, Capgemini E.L.I.T.E., Mahindra GMC, RPG, and Tata Administrative Services offered general management roles, highlighting SPJIMR's focus on grooming versatile leaders.

First-time Recruiters and Pre-Placement Offers:

The institute welcomed 33 new recruiters, expanding its industry network. Over 47% of the batch secured Pre-Placement Offers through autumn internships and corporate competitions with companies like Colgate-Palmolive, Hindustan Unilever Limited, Procter & Gamble, and many others.

All Figures and Facts have been sourced from SPJIMR’s official website

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