Bharatiya Vidya Bhavan's SPJIMR announced the successful completion of placements for its PGDM Class of 2021 with enthusiastic corporate participation, signing off a season of unprecedented challenges brought by the Sars-Cov-2 pandemic.
The placement performance in terms of average salaries offered, the number of participating companies and the speed with which the offers rolled out reflected the goodwill of SPJIMR, the institute's deep and lasting relationships with the corporate sector and the strong value that MBA participants bring to the companies they work for. It also highlighted the adaptability and the resilience of the institute and in particular of the students, who are ready to take up challenging roles and deliver on business goals with social sensitivity.
Consulting emerged this year as the top recruiting sector with offers rolled out to 36 per cent of the batch of 233 participants. This built on a trend of increased offers from management and technology consulting companies seen last year and indicated a preference for participants from SPJIMR's PGDM programme.
The entire placements exercise, which normally sees the campus covered in a flurry of business suits as company executives interview participants, was conducted online using a variety of platforms and protocols to meet the convenience and security needs of companies.
This was the first time the final placements process was conducted online, building on the experiences of participants using online platforms for the autumns internships. Students, faculty and businesses have not met physically since the lockdown forced by the pandemic took effect in March last year.
The average annual salary (cost-to-company) this year stands at INR 25.86 lakhs per annum. This is similar to the levels reported last year. The median annual salary came in at INR 25 lakhs per annum, with over 26 percent of the batch securing offers in excess of INR 30 lakhs per annum, and over 80 percent in excess of INR 20 lakhs per annum.
Consulting companies rolled out offers to 84 students, the highest ever reported by SPJIMR for a batch. The participant companies included Accenture Strategy, Bain & Co., Boston Consulting Group, Deloitte USI, EY, GEP, KPMG and PwC US Advisory among others.