SPJIMR Mumbai is one of India's leading business schools and a dream institute for MBA aspirants across the country. The institute has also gained international repute, featuring alongside top global institutes in various rankings. So what kind of salaries are on offer at SPJIMR? Has there been year-on-year growth in the average and median salaries offered in recent years, or have salary figures stagnated/dipped? What is the highest salary you can earn? What kind of roles are you likely to end up in during the final placement process? Here is an analysis of placements at SPJIMR over the past five years, where we explore recruitment trends at the institute and answer the above questions.
How Much Do SPJIMR's MBA Graduates Earn? - Five Year Analysis of Salaries Offered During Final Placements
- In 2021, 57% of the offers made to the batch were equal to or greater than INR 25.00 lakhs, while 92.3% of the offers made to the batch were equal to or greater than INR 18.00 lakhs. More than a quarter of the batch received offers equal to or more than INR 30.00 lakhs per annum, while nearly 81% of offers were equal to or greater than INR 20.00 lakhs.
- In 2020, 86.97% of the PGDM Class of 2020 at SPJIMR secured offers in excess of INR 20 lakhs. Over 56% of the offers were equal to or greater than INR 25 lakhs. 95% of the offers were equal to or greater than INR 18 lakhs.
- In 2019, 21.5% of the total number of offers were equal to or greater than INR 25 lakhs. 74.9% of the total number of offers were equal to or greater than INR 20 lakhs. 95.1% of the total number of offers were equal to or greater than INR 16 lakhs.
- SPJIMR Mumbai has seen a year-on-year increase in the average and median salaries offered to the PGDM batch, the exception being the average salary figures for the batch graduating in a pandemic year (though the dip is only marginal). In fact, despite the pandemic affecting recruitment across Indian b-schools, SPJIMR has maintained a steady median salary of INR 25 lakhs.
- The highest salary at SPJIMR Mumbai does not show any trends, though over the past five years, the highest salary offered has not gone below INR 30 lakhs.
SPJIMR Mumbai Sees Year-On-Year Increase In Number of Participating Recruiters
SPJIMR has seen a constant increase in interest from recruiters over at least the past five years, seeing participation from over 130 recruiters in 2021, which is an increase of 7% over the previous year. For its batch of 2021, SPJIMR saw participation from marquee recruiters such as Boston Consulting Group, Bain & Company, Hindustan Unilever, P&G, Amazon, Flipkart, American Express, TAS, and the Mahindra Group, amongst many others.
In 2021, around 50 per cent of the batch bagged PPO/PPI opportunities through the autumn internship and corporate competitions. In the year before that, more than 60% of the batch took up PPO/PPI opportunities. In fact, over the past five years, at least 50% of the batch has received PPO/PPI opportunities through the autumn internship and corporate competitions.
What Kind of Roles Do SPJIMR Students Go For During Final Placements?
Over the past five years, trends suggest that Management Consulting is the most sought-after function for SPJIMR's MBA students, with 36% of the batch of 2021 opting for Consulting roles. In fact, this was the highest ever number of Consulting offers reported by SPJIMR for a batch. Over the past five years, at least 27% and up to 36% of the batch has opted for Consulting roles. Firms offering these roles include industry giants such as Accenture Strategy, Bain & Co., Boston Consulting Group, Alvarez & Marsal, EY, PwC, KPMG, Deloitte, and IBM amongst others.
Trends suggest that apart from roles in the Consulting sector, students are inclined towards roles in the Consumer Goods/Durables as well as E-Commerce sectors. In 2021, nearly 20% of the batch opted for roles in the Consumer Goods/Durables sector, while 23% of the batch of 2020 opted for roles in that sector.
SPJIMR's PGDM program offers four specialisations – Finance, Information Management, Marketing, Operations and Supply Chain. The following are the kind of roles students from each of these specialisations find themselves in:
- In 2021, 34% of the Marketing Management batch was placed with the FMCG firms, 23% of the Finance Management batch bagged offers from the BFSI sector, 46% of the Operations and Supply Chain Management batch was placed with FMCG and Ecommerce firms, and 37% of the Information Management batch bagged Product Management and Corporate IT roles.
- In 2020, 35% of the Marketing Management batch was placed with FMCG firms, 15% of the Finance Management batch placed with Investment Banking firms, 40% of the Information Management batch bagged Product Management roles from top technology firms. 51% of the Operations and Supply Chain Management batch was placed with FMCG & E-commerce firms.