December 6, 2023

Investment Banking

Let Your Investment Banking Do The Walking

Spjimr Placements: SPJIMR Placements 2023: Class average at Rs 33.02 Lakh

Bharatiya Vidya Bhavan’s SPJIMR has completed final placements for its PGDM Class of 2023 with an average annual salary (cost-to-company) of Rs 33.02 lakh per annum, compared to Rs 32.05 lakh last year.

Top salary of Rs 77.8 lakh per annum marked a 46% increase compared to last year.

The median annual salary came in at Rs 32.89 lakh per annum, a rise of 9.3% over last year, with over 70% of the batch securing offers above Rs 30 lakh per annum and over 92% in excess of Rs 25 lakh per annum.

SPJIMR’s latest MBA placement cycle saw most recruiters visiting the campus, while others opted for hybrid/online modes of recruitment. The FMCG sector emerged as the top recruiting sector, with 35% of the batch receiving offers from companies including Asian Paints, Castrol, Colgate-Palmolive, General Mills, Godrej Group, Hindustan Unilever Limited, ITC, Kimberly Clark, L’Oréal, Marico, Mondelez, Nestle, P&G and Reckitt among others.

The consulting sector was also a major recruiter and made offers to 32% of the batch. The participating companies included Accenture Strategy, Boston Consulting Group, Deloitte, GEP Worldwide, Kearney, KPMG, Praxis Global Alliance and PwC US Advisory among others. This year SPJIMR also received an international offer by Infosys.

This was closely followed by offers in the BFSI, Tech and Pharma sectors that saw companies like American Express, Barclays, Cisco, Dr. Reddy’s Laboratories, Haleon, Edelweiss, Flipkart, MakeMyTrip, PayTM and ServiceNow among others participating in the process.

Record number of front-end investment banking roles were offered by marquee firms like BDA Partners, JM Financials, O3 Capital and Novaa One. Offers in investment banking increased by 75% compared to last year. Buy side firms like Hedge Funds, Venture Capital and Asset Management also visited the campus, with offers from Pinpoint Asset Management, WEH Ventures and Edelweiss Asset Management.Despite a slowdown in the tech sector, 33% of the Information Management specialisation was placed in the Product Management sector. This year saw new recruiters like Service Now and Cisco. There has been an overall increase in the number of product management offers compared to the previous year.

General Management roles were offered by recruiters such as Aditya Birla Group, Capgemini E.L.I.T.E., Mahindra GMC and Tata Administrative Services.

In addition to the regular recruiters from SPJIMR, the campus onboarded 42 first-time recruiters from various sectors.

Over 47% of the batch bagged Pre-Placement Offers via Autumn Internships and Corporate Competitions with leading companies such as American Express, Accenture Strategy, Boston Consulting Group, Colgate-Palmolive, Hindustan Unilever Limited, Procter & Gamble, and Tata Administrative Services among many others.