SPJIMR Placements 2024: Average stipend for top 20% stood at INR 4,52,000

SPJIMR Placements Cycle 2024 saw 341 students secure autumn internships with leading firms, with an average stipend of INR 3,15,000.

Bharatiya Vidya Bhavan’s S.P. Jain Institute of Management and Research (SPJIMR) has successfully concluded its Autumn placement cycle for the 2025 cohort of the Post Graduate Diploma in Management (PGDM) and Post Graduate Diploma in Management (Business Management) (PGDM (BM)). This year’s cycle saw 341 students secure autumn internships with leading firms, with an average stipend of INR 3,15,000.

SPJIMR Placement Highlights:

- Investment Banking/Private Equity and Product Management roles saw record increases in offers, rising by over 110% and 400%, respectively.

- The top 20% of the batch received an average stipend offer of INR 4,52,000.

- The top 50% of the batch received an average stipend offer of INR 4,17,000.

- 35% of participants secured placements in the FMCG industry.

Strong Performance and Sector Dominance

The placement cycle featured 390 offers from 75 companies, marking a robust demand for SPJIMR graduates. The FMCG sector was the most dominant, accounting for 35% of the placements, followed by consulting firms, which hired 21% of the batch. The median compensation for internships reached a record high of INR 3,10,000, representing a 3.5% increase from the previous year. Notably, the top 50% of the cohort secured average offers of INR 4,17,000.

Diverse Opportunities Across Sectors

Students received internship offers in a wide range of roles, including Corporate Strategy, Investment Banking, Private Equity, Product Management, Analytics, E-Commerce, General Management, Corporate Finance, Corporate IT, Healthcare, Sales & Marketing, Branding, Operations, and Supply Chain.

“We are immensely proud of our students and grateful to our industry partners for their continued support. I encourage our students to leverage their internships as a chance for both professional and personal growth,” said Professor Varun Nagaraj, Dean of SPJIMR.

Innovations in the Curriculum

The two-year full-time PGDM program at SPJIMR incorporates Autumn internships, allowing students to undertake corporate projects in their second year. This follows a term of specialization and a social internship during the first year.

Professor Renuka Kamath, Associate Dean of Full-time Programmes, noted, “The increase in batch size and the support from industry partners highlight SPJIMR’s strong relationships with them. This is a testament to the significant role SPJIMR graduates play in developing leadership within organizations.”

Record-Breaking Offers

This year’s placement cycle saw unprecedented increases in offers for Investment Banking/Private Equity and Product Management roles, with surges of over 110% and 400%, respectively. Key recruiters in these sectors included DC Advisory, Nomura, JM Financials, Edelweiss Alternatives, American Express, Intuit, Tata Digital, and Samsung Research.

Professor Ashita Aggarwal, Chairperson of the PGDM and PGDM (BM) programs, commented, “It was gratifying to see our students excel during the Autumn recruitment process, securing opportunities aligned with their skills and aspirations. This success underscores the strength of our curriculum and our commitment to excellence.”

New Recruiters and Future Outlook

This year’s cycle welcomed 22 first-time recruiters, including the National Infrastructure Investment Fund (NIIF), Info Edge, Motilal Oswal, HSBC, Kenvue, Lupin, Lenskart, Titan, Angel One Wealth, Henkel, and Aequitas Investments.

The Autumn Internship Cycle marks the transition to the Summer Internship Cycle for the PGDM and PGDM (BM) batch of 2024-2026, scheduled to begin in September 2024.

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