Consulting Leads as SPJIMR Closes PGDM Placements in Record Time
SPJIMR has announced a 30 per cent jump in the number of participants placed with marquee consulting firms in the final placements process for its prestigious two-year PGDM programme. The increase came alongside a rise in the annual average salary of the batch to Rs. 22.24 lakhs, capping a season in which the interviews and offer processes were completed in a record time.
The performance reflected the upbeat mood of businesses stepping into the New Year and the continued strong demand for talent from SPJIMR as a top-ranked school of management. SPJIMR has stood out as a preferred place for recruiters particularly because of its approach to imparting knowledge, skills and attitude, a storied learning model captured in the Institute's 'Courage.Heart' brand.
The SPJIMR placements office released detailed placement numbers on Jan. 04, saying that 35 per cent of the 238 participants from the PGDM Class of 2018 were placed with top consulting firms, translating to a 30 per cent increase in the consulting area over the previous batch.
The average salary increased to Rs. 22.24 lakhs, up from Rs. 20.9 lakhs the previous year. Over 92 per cent of the PGDM Class of 2018 batch received offers in excess of Rs. 17 lakhs. The median salary for the batch stood at Rs. 21.25 lakhs, an increase from the Rs. 20 lakhs reported last year. This placement season saw participation from 105 companies on campus to hire the 238 participants from the class of 2018.
SPJIMR Deputy Director - External Relations, Prof. Abbasali Gabula said, "The placements performance of the Class of 2018 has set new records. The huge jump in consulting offers is due to the selfless efforts of the faculty, staff, alumni and in particular the members of the second-year Placements Committee."
"More than 50 per cent of the Class of 2018 received pre-placement offers and pre-placement interviews through their autumn internships at top companies, which included leading corporates like Boston Consulting Group, Tata Administrative Services, HUL, P&G, Amazon, Axis Bank, GE, AstraZeneca, among others. The large number of such offers served as an endorsement by the corporate world of SPJIMR's unique initiative of autumns internships vs summers during which students work with a non-profit in the rural areas," added Prof. Gabula.
At SPJIMR, the exposure of participants to rural markets is followed by specialisation courses attended by the entire batch in leading global B-schools as part of the Global Fast Track (GFT) initiative, helping participants to grow as professionals and present a more rounded appeal.
The Finance and Marketing cohorts of the PGDM Class of 2018 travelled to the Johnson School of Management, Cornell University, New York. The IM specialisation travelled to the Tepper School of Business, Carnegie Mellon University, Pittsburgh, while the Operations and Supply Chain specialisation travelled to the Eli Broad College of Business, Michigan State University. The international exposure that the batch gains through this stint has been welcomed by the recruiters across industries.
Prof. Malay Krishna, Associate PGDM Head, said, "Employers find that our graduates start contributing very swiftly - they quickly get into the thick of things and truly practise the art of management. At SPJIMR, we attribute this phenomenon to our unique admissions process combined with differentiated curriculum content, structure and delivery."
This placement season saw the return of regular recruiters like TAS, BCG, Deloitte, HUL, P&G, PwC, SDC, Goldman Sachs, Airtel, DBS Bank, Amazon, Make My Trip, RB and TSMG among others.
The campus saw participation from a total of 47 new companies including the Aditya Birla Group, Accenture Tech, Alcon, AstraZeneca, Avendus Capital, Barclays, Flipkart, Google, HSBC IB, IBM, Intrigo, Metro Cash & Carry, Pidilite, Reliance Industries, Samsung India Electronics, Siemens Management Consulting, Tata Communications and Uber.
Consulting and FMCG continued to be the dominant sectors of hiring on campus. The consolidation seen in the e-commerce sector did not impact the number of offers in this space. The sector-wise break up showed Consulting in the lead at 35 per cent followed by FMCG/FMCD at 23 per cent. The other key sectors were Banking & Investment Banking (14 per cent) and e-commerce (12 per cent).
A snapshot of the placement season is here:
- Participants in the batch - 238
- Participants opting out of the placement process - 4
- Number of participating companies - 105
- Number of first time recruiters - 47
- Total number of pre-placement offers - 81
- Total offers made - 263
- Average Salary - Rs. 22.24 lakhs
- 92% of the batch received offers in excess of Rs. 17 lakhs
- 97% of the batch received offers in excess of Rs. 16 lakhs
- Average of Top 35% of the batch touched Rs. 28 lakhs
- The median salary for the batch was Rs. 21.35 lakhs
A look at placements by sector
This year, conglomerates like Aditya Birla Group, Mahindra & Mahindra, General Electric, Reliance and Tata Administrative Services made nine offers in several middle management positions. The roles pertain to application of business understanding in all relevant domains and also entail close co-ordination with CXOs. The hires are groomed to be future leaders in their respective business subsidiaries.
Consulting/ IT Consulting
The number of roles offered by major consults increased by 30 per cent over last year. Elite consulting companies picked up 35 per cent of the batch. Top consulting firms included Boston Consulting Group, Siemens Management Consulting, Bristlecone, GEP, Deloitte, PwC India & SDC, KPMG, EY, IBM, Accenture Technologies, Intrigo, TSMG, Cedar Management Consulting and Capgemini among others. The profiles offered at SPJIMR included strategic consulting, management consulting, operations consulting, financial advisory and IT consulting.
The offers coming from e-commerce companies increased slightly as compared to last year. A total of 12 per cent of the batch was placed in e-commerce firms which included Amazon, Cloudtail, Flipkart, Uber and Paytm among others. The profiles offered by the e-commerce companies at SPJIMR included category management, product management, online and offline marketing, business process excellence, operations and business analytics.
The batch picked up offers from top league financial players that included Avendus Capital, Goldman Sachs, Barclays, Axis Bank, ICICI Bank, DBS Bank, RBL Bank, Citibank, JM Financial, HSBC IB, Yes Bank and IIFL among others. Offers were received across a plethora of functions ranging from investment banking, corporate/retail banking, equity research and NBFC roles etc. Corporate finance/strategy roles were also offered by companies like Mondelez and Cloudtail among others. Some 14 per cent of the batch got offers in the financial services, banking and investment banking sector, which was higher than the last year.
IT companies such as Microsoft, Media.net, IBM, Accenture Technologies, Flipkart, Value Labs and Capgemini offered sales and consulting roles on campus. IT majors made offers to 10 per cent of the batch. Corporate IT roles were offered from companies such as General Electric, HUL, Pidilite and P&G.
Marketing and Operations
SPJIMR maintained its niche in FMCG hiring. This year witnessed the top FMCG companies back on campus to make offers to the marketing and operations batch. The FMCG sector made offers to 23 per cent of students. Sales & marketing and supply chain roles were offered by FMCG/FMCD majors that included Asian Paints, Pidilite, L'Oréal, Colgate-Palmolive, GSK CH, GSK Pharma, Johnson & Johnson, HUL, P&G, Mondelez, Marico, Reckitt Benckiser, General Mills, Nestlé and Samsung India Electronics among others. Telecom roles were offered to students by Bharti Airtel, Sterlite Technologies, Vodafone and Tata Communications.