Highest pay at SPJIMR drops 14% in pandemic year
Representative Image. MUMBAI: The highest annual package at Bhavan’s SP Jain Institute of Management and Research (SPJIMR) has dropped by 14% in the pandemic year, as compared to the previous year. The highest package of Rs 44 lakh per annum (LPA) from an e-commerce firm is offered to 12 students from the institute this year. Last year, three students were picked by the same firm, for the highest offer of Rs 51 LPA.
Despite the pandemic, the average pay packet during the campus placements has dropped marginally from the Rs 26.36 LPA in 2020 to Rs 25.86 LPA. Additionally, one in four students have bagged a package of Rs 30 lakh and above from the outgoing batch. Abbasali Gabula, Associate Director – External Relations said, “What looked like a particularly difficult season harking back to the times of the global financial crisis has ended on a high. Despite the extremely challenging environment, we have maintained compensation at the levels achieved last year. This was a result of more effort, preparation and speedy adjustment to the online mode. The response indicates that corporate India is well on its way to getting back to business in full swing.” The placement process went online this year due to the pandemic.
While the number of firms visiting the campus increased to 131 this year, from 122 in 2020, over 50% were first-time recruiters. Maximum offers were made by firms from the consulting sector. The domain became the top recruiter with over 36% of the batch getting placed. Last year, 28% of the batch were hired from this sector. Boston Consulting Group, Accenture Strategy, Bain & Co., Infosys were some of the leading recruiters from the sector. Eighteen per cent of the students were recruited in the FMCG sector.
Despite the challenges in the pandemic, around 50% of the batch bagged pre-placement opportunities through the autumn internship with leading corporates like Amazon, Colgate Palmolive, Hindustan Unilever, Procter & Gamble and Tata Administrative Services among others.
Despite the pandemic, the average pay packet during the campus placements has dropped marginally from the Rs 26.36 LPA in 2020 to Rs 25.86 LPA. Additionally, one in four students have bagged a package of Rs 30 lakh and above from the outgoing batch. Abbasali Gabula, Associate Director – External Relations said, “What looked like a particularly difficult season harking back to the times of the global financial crisis has ended on a high. Despite the extremely challenging environment, we have maintained compensation at the levels achieved last year. This was a result of more effort, preparation and speedy adjustment to the online mode. The response indicates that corporate India is well on its way to getting back to business in full swing.” The placement process went online this year due to the pandemic.
While the number of firms visiting the campus increased to 131 this year, from 122 in 2020, over 50% were first-time recruiters. Maximum offers were made by firms from the consulting sector. The domain became the top recruiter with over 36% of the batch getting placed. Last year, 28% of the batch were hired from this sector. Boston Consulting Group, Accenture Strategy, Bain & Co., Infosys were some of the leading recruiters from the sector. Eighteen per cent of the students were recruited in the FMCG sector.
Despite the challenges in the pandemic, around 50% of the batch bagged pre-placement opportunities through the autumn internship with leading corporates like Amazon, Colgate Palmolive, Hindustan Unilever, Procter & Gamble and Tata Administrative Services among others.
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