S.P.

Jain Institute of Management and

Research, Mumbai

An exclusive Guide by
S.P. Jain Institute of Management and Research, Mumbai Placements 2023: Average Package, Highest
Package, Top Recruiters
Krishnendu Chatterjee
Updated o n Mar 3, 20 23

What’s new at SPJIMR placements 2023? The highest and average package of f ered during SPJIMR PGDM
placements 2023 stood at INR 77.88 LPA and INR 33.02 LPA, respectively. Apart f rom this, 47% of the
batch received PPOs and 42 new recruiters visited the campus during SP Jain PGDM placements 2023.
Further, 70% of the batch secured of f ers above INR 30 LPA and over 92% of the batch secured of f ers
above INR 25 LPA during SPJIMR PGDM placements 2023. The top recruiters during SPJIMR placements 2023
included leading companies such as Marico, Mondelez and Nestle.

SPJIMR Placements 2023

A rise of nearly 47% was witnessed in the PGDM highest package of f ered in 2023 as compared with 2022
There was a rise of nearly 3% in the PGDM average package of f ered in 2023 as compared with 2022
A rise of over 27% was witnessed in the no. of new recruiters in 2023 as compared with 2022

How were the placements at SPJIMR in 2023?

The key highlights of SP Jain Institute of Management and Research PGDM placements 2023 as compared with
2022 are presented in the below-mentioned table:

PGDM Placement Statistics

Particulars PGDM Placement Statistics (2023)
(2022)
INR 77.88 LPA (International)
Highest package INR 53.16 LPA
INR 67.50 LPA (Domestic)
Average package INR 32.06 LPA INR 33.02 LPA
Median package INR 30.10 LPA INR 32.89 LPA
No. of PPOs 123 47% of the batch received PPOs
Total recruiters 70 NA
New recruiters 33 42

Download: SPJIMR PGDM Placement Report 2022

What was the average package of SPJIMR in 2023?

The course-wise average package of f ered during SP Jain placements 2023 is presented below:

Course Average Package (2023)

PGDM INR 33.02 LPA
PGPM INR 23.58 LPA
PGMPW INR 18 LPA (2021)

Note: The average package mentioned against PGMPW course is of 2021.

The year against PGPM average package is not mentioned, hence it is assumed to be of 2023.
An improving trend was witnessed in the average package of f ered over the last three years during SP Jain

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PGDM placements, which is presented below:

Quick Links

SPJIMR Admission SPJIMR Scholarships

SPJIMR Placements 2023: Highest Package, Average Package, Top Companies,

FAQs
Q. What was SPJIMR PGDM highest package in 2023?
A. The highest domestic and international package of f ered during SPJIMR PGDM placements 2023 is presented
below:
Course Highest Package (2023)
INR 77.88 LPA (International) INR 67.50 LPA
PGDM
(Domestic)

An improving trend was witnessed in the highest salary of f ered over the last three years during SPJIMR PGDM
placements, which is presented below:

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Q. What was SPJIMR PGDM median package in 2023?
A. The median package of f ered during SPJIMR PGDM placements 2023 stood at INR 32.89 LPA. An improving
trend was witnessed in the median salary of f ered over the last three years during SPJIMR PGDM placements,
which is presented below:

Q. How many of f ers were made during SPJIMR PGDM placements 2023?
A. A total of 42 new recruiters visited the campus and 42% of the batch received PPOs (Pre-Placement Of f ers)
during SPJIMR PGDM placements 2023. Earlier, the trends witnessed during SPJIMR PGDM placements over
the past three years with respect to the PPOs made, companies visited and new recruiters are presented below:
PGDM Placement PGDM Placement PGDM Placement
Particulars
Statistics (2020) Statistics (2021) Statistics (2022)
Batch strength 238 233 238

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 60% of the batch
No. of PPOs 79 123
received PPOs

Companies visited 122 131 70

New recruiters 44 75 33

Q. How many of f ers were made above INR 30 LPA during SPJIMR PGDM placements 2023?
A. 70% of the batch secured of f ers above INR 30 LPA and over 92% of the batch secured of f ers above INR 25
LPA during SPJIMR PGDM placements 2023. Earlier, the no. of of f ers made in the respective salary bracket
during SPJIMR PGDM placements 2022 are presented below:
Salary Package PGDM Of f ers Made in % (2022)
Above or equal to INR 40 LPA 14%
Above or equal to INR 35 LPA 30%
Above or equal to INR 30 LPA 59%
Above or equal to INR 25 LPA 87%

Q. Which sector placed the most no. of students during SPJIMR PGDM placements 2023?
A. FMCG sector emerged as the top recruiting sector that placed 35% of the total students during SPJIMR
PGDM placements 2023. The FMCG sector was f ollowed by Consulting sector that placed 32% of the total
students during SP Jain PGDM placements 2023. Apart f rom this, an increase of 75% was witnessed in the no.
of of f ers made in Investment Banking sector in 2023 as compared with 2022. Earlier, 38.4% of the batch was
placed in the consulting sector during SPJIMR PGDM placements 2022. The PGDM batch specialisation-wise
placement rate recorded during SPJIMR PGDM placements 2022 is presented below:
PGDM Batch Specialisation Placement Rate (2022)
Operations & SCM 45.2% batch placed in FMCG & E-Commerce f irms
Marketing Management 39.3% batch placed in FMCG f irms
30% batch placed f or Product Management roles in
Inf ormation Management
Technology f irms
Finance Management 21.1% batch placed in IB & PE f irms

Q. Who were the top recruiters during SPJIMR PGDM placements 2023?
A. The list of top recruiters during SPJIMR PGDM placements 2023 is presented below:
Asian Paints Kimberly Clark
Castrol L'Oréal
Colgate-Palmolive Marico
General Mills Mondelez
Godrej Group Nestle
Hindustan Unilever Limited P&G
ITC Reckitt

Q. How was SPJIMR PGDM internships in 2022?

A. 70% of batch received INR 3 lakh stipend f or two months and 95% of the batch received INR 2 lakh stipend

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f or two months during SPJIMR PGDM internships 2022. The key highlights of SPJIMR PGDM internships 2022
are presented below:
Particulars PGDM Autumn Internships (2022)
Companies visited 52
New recruiters 27
Highest stipend INR 4 lakh f or two months
Average stipend INR 2.95 lakh f or two months
Median stipend INR 3 lakh f or two months

Q. What was the top recruiting sector during SPJIMR PGDM internships 2022?
A. The specialisation-wise placement rate recorded in respective sectors during SPJIMR PGDM internships
2022 is presented below:
PGDM Batch Specialisation Placement Rate (2022)
73% batch placed in Product Management,
Inf ormation Management
Corporate, IT, Analytics roles
Marketing Management 57% batch placed in FMCG f irms
Operations & Supply Chain Management 57% batch placed in FMCG & E-Commerce f irms)
50% batch placed in Consulting, IB, Product
Finance Management
Management roles

Q. How was SPJIMR PGPM placements in 2023?

A. The key highlights of SPJIMR PGPM placements 2023 are presented in the below-mentioned table:
Particulars PGPM Statistics (2023)
Highest package INR 36.32 LPA
Average package INR 23.58 LPA
Median package INR 21.32 LPA

Note: The year against PGPM placement data is not mentioned, hence it is assumed to be of 2023.
Q. Which sector made most no. of of f ers during SPJIMR PGPM placements in 2023?
A. The sector-wise no. of of f ers made during SPJIMR PGPM placements 2023 is not released. Earlier, the
sector-wise no. of of f ers made during SPJIMR PGPM placements 2020 is presented below:
Sectors PGPM No. of Of f ers (2020)
IT 56
Consulting 32
Healthcare 5
Manuf acturing 3
BFSI 2
Energy 1
Others (Retail, Logistics, Agriculture) 8

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Q. How was SPJIMR PGMPW placements 2023?
A. SPJIMR PGMPW placement report 2023 is not released. Earlier, the key highlights of SPJIMR PGMPW
placements 2021 are presented below:
Particulars PGMPW Placement Statistics (2021)
Batch size 34
Companies participated 35
Companies recruited 19
First time recruiters 11
Highest package INR 30.06 LPA
Average package INR 18.8 LPA

Q. What was SPJIMR PGMPW average package in 2023?

A. SPJIMR PGMPW average package data 2023 is not released. Earlier, a f luctuating trend was witnessed in the
average package of f ered over the last three years during SPJIMR PGMPW placements, which is presented
below:

Q. What was SPJIMR PGMPW highest package in 2023

A. SPJIMR PGMPW highest package data 2023 is not released. Earlier, a f luctuating trend was witnessed in the
highest package of f ered over the last three years during SPJIMR PGMPW placements, which is presented
below:

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Q. Where are SPJIMR alumni placed?
A. According to data gathered f rom unof f icial sources, Business Development domain has placed the most no.
of SPJIMR students. The f unction-wise SPJIMR alumni placement statistics are presented below:

Note: The above-mentioned alumni data is gathered from unofficial sources and hence may vary.

Placements
Showing placement data f or Post Graduate Diploma in Management (PGDM)

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100%
of Total Batch Placed

Recruiting Companies
Amazon | Deloitte | Flipkart | GODREJ | Hindustan Unilever | ITC | KPMG | Make My Trip | Nestle
View All Companies

Salary Stats (Annual) (In INR)

Placement Reviews

Overall Placement Rating (Out of 5)

4.2 Base d o n 37 Ve rif ie d Re vie ws

Distribution of Rating
43%

38 %

16 %

3%

T he Verif ied badge indicat es t hat t he reviewer's det ails have been verif ied by Shiksha, and reviewers are bona f ide
students of t his college. T hese reviews and rat ings have been given by st udent s. Shiksha does not endorse t he same. Out of 42
published reviews, 37 reviews are verif ied.

P Paras Jain | Global Management Program (GMP) - Batch of 2019 Verif ied
Reviewed on 27 Apr 2021

4 .6 Placement s 4 Inf rast ruct ure 5 Facult y & Course Curriculum 5 Crowd & Campus Lif e 5 Value f or Money 4

I am absolutely satisfied. SPJIMR GMP provides opportunities for an international career.

Placements: Af ter completing 6 months of course at SPJIMR, all the students study in its partner universities.
Thus most of them get placed internationally. But there is no direct placement support f rom our college, but in-
directly a lot of help is provided through networking events and career f airs. There is always a risk and problem
with courses like GMP, etc., but the great alumni network of SPJIMR and GMP helps students to connect with
each other and share all the possible ways f or opportunities. The average salary package of f ered in EU

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(European Union) ranges f rom 40,000 Euros to 70,000 Euros.
Inf rastructure: Students have access to all the f acilities in SPJIMR, including a library, open areas, computer
labs, 3D printing labs, etc. All the f acilities are of high standards. Hostels have a good Wi-Fi f acility and air-
conditioners. There are open areas to work in groups. The f ood in the hostel mess is available until 2 am.
Faculty: The best thing about GMP programme is its f aculty members. All of them have great industry
knowledge and teaching experience. A lot of guest lectures are conducted by industry experts. Along with this,
there are also international f aculty members who visit the campus every year to teach various courses f or
students who planned to go to Germany, France and Netherlands. Language classes are also conducted on the
campus f or students to make them ready f or their lif e at partner universities.
Other: I joined this course because of its great teaching pedagogy. GMP provides a dual degree, and students
become alumni of both SPJIMR and partner universities. Along with this, SPJIMR's f ocus on value-based
learning is another important aspect which distinguishes it f rom other B-Schools.

S S Meghasmita | Global Management Program (GMP) - Batch of 2018 Verif ied

Reviewed on 27 Apr 2021

4 .0
Placement s 3 Inf rast ruct ure 5 Facult y & Course Curriculum 4 Crowd & Campus Lif e 4 Value f or Money 4

It is a very good balance of courses, the best of schools, and value for money.
Placements: In GMP, since graduation happens at the partner university, the placement rules apply to the
specif ic country that you are in. You have to keep in mind that international placements are not of f ered. So
getting a job is very much dependent on how resourcef ul you are. However, you get conceptually very well
trained at SPJIMR f rom your f irst semester and very good hands-on industry experience in the partner schools
in the f ollowing semesters. The knowledge together makes you a very employable resource abroad or in India.
As f ar as I know, almost everyone in my batch landed jobs and internships soon af ter graduation.

Inf rastructure: The campus in Mumbai is very good in terms of amenities. It is right in the heart of the city.
Even then, you get a nature-rich beautif ul campus with very well-equipped classrooms and B-School
inf rastructure. The whole campus is Wi-Fi enabled. The canteens are available inside that let you do your group
works all night. SPJIMR of f ers sports f acilities inside and outside the campus. This changes in the partner
schools as most of the partner schools have bachelor's students, and the normal college f un activities are
taken up by them. Moreover, the master's program in partner universities is very close to working lif e which
helps you learn the work ethics of the specif ic country even bef ore you join the real workf orce in that country.
Participating in co-curricular activities is at your personal discretion as there are a lot of resources outside
college that you might f ind more interesting to indulge in.
Faculty: SPJIMR has the best prof essors that the industry has to of f er. You can experience a paradigm shif t in
how you approach problems. The group work and tasks make sure that f undamentals are well embedded in you.
It is particularly helpf ul when you go to partner schools in the US or Europe. Most of the Indian students come
with an engineering or science background in contrast to abroad, where students come f rom more business
background. SPJIMR makes you competent in 6 months as to what they learn in 3-4 years, and hence, the
classes in the partner schools are more mellow. As f ar as the relevancy of the course is concerned, both
SPJIMR and the partner schools of f er you a wide variety of courses and electives to choose f rom. Hence, you
make your own curriculum based on your own interests.

Other: I chose this course because of the structure of the course. I wanted to pursue my Masters abroad and

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yet have an impact on Indian employability. I think the course does f ull justice to both. I did not f eel less
competent when I moved out. However, I do f eel the course could be a bit more well-structured based on the
schools we choose. I got consumed in the interest that I took some courses which were not relevant af ter I
moved to my partner school. If not structuring the course, providing some guidance or counseling would be
nice.

P Prachi Soni | Post Graduate Diploma in Management (PGDM) - Batch of 2019 Verif ied
Reviewed on 6 Dec 2019

4 .4
Placement s 4 Inf rast ruct ure 4 Facult y & Course Curriculum 5 Crowd & Campus Lif e 5 Value f or Money 4

Absolutely loved the experience, placements can be better.

Placements: 100% placed. The highest package approximately. 35LPA, the lowest 15LPA, Top recruiting f irms
- Brain, BCG, HUL, Top Roles - Consultant, Management Leadership Programs, 100% internship placements in
companies like J&J, HUL, Mondelez, Axis Bank, BCG, Philips, Nivea etc.
Inf rastructure: 1. Classrooms are world class inf ra structure, all classes done with PPTs. Library was f ully
equipped with books and sof tware f or research purposes. 2. Hostel rooms had AC, daily cleaning f acilities,
multiple canteens nearby with decent quality f ood, sports f acilities not that great.

Faculty: 1. Teachers are absolutely brilliant at the institute, all f rom good Schools with years of work
experience. Almost all have PHDs. The teachers are available af ter classes f or any doubts. There's also a
counselling committee. 2. The curriculum is revised every year to stay relevant, and contains many live case
studies.

R Rajiv Prashant | Post Graduate Executive Management Programme (PGEMP) - Batch of 2017 Verif ied
Reviewed on 31 Aug 2019

5.0 Placement s 5 Inf rast ruct ure 5 Facult y & Course Curriculum 5 Crowd & Campus Lif e 5 Value f or Money 5

The college teaches its students to become future business leaders.

Placements: There were many batches f or this course, and each batch has a strength of 35 students, and I
am a student of batch 54. Students got placed in dif f erent companies like BPCL, NRL, L&T, SAP, Mahindra &
Mahindra, Tata Motors and Tata Steel. As all the students in the batch were already working, hence campus
placements were not necessary. We had to attend classes of 9 days in each quarter, and the course was
divided into C0 to C7. Most of the students were of f ered middle management level roles in their companies.
Inf rastructure: Classrooms were well-equipped with CCTV and audio recording sessions, and each classroom
has a semicircle seating arrangement. The college distributes textbooks and handouts. Labs were good and
had f acilities like desktops, Wi-Fi and LAN connections. The library has a wide range of books, and it was easy
to collect books f rom the library. Toilets were good and clean. The canteen was hygienic and served good
quality f ood. The double bedroom allotted to students during 9 days stay at college, and each room has an
attached bathroom, and the hall was very clean. All the basic f acilities were available in the hostel. The doctor
was always available when we call. The college has a tie-up with spring health hospital. There will be a yoga
session in the morning daily f or students to keep them f it. The swimming pool was also available on the
campus, and all sports f acilities were also available on the campus.

Faculty: Teachers were highly knowledgeable and helpf ul. One senior prof essor Mr Moradian of operation
management was unique at his teaching. Another prof essor Mr Raghu Ayer was highly knowledgeable, and his

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teaching style was in such a way that students understand the subject very easily. My project guide Dr Anjali
Mallick has supported me well and guided me to complete my project. The course has been very much relevant
to my prof ile as I am in the marketing division in BPCL. Af ter going through this course, I f ind myself highly
ready to f ace the challenges in a better way. I f ound sessions on operation management, supply chain,
marketing very usef ul f or me. The course curriculum makes the students lead industries.

Other: I am in the marketing division of BCPL. I was an engineer and sometime f inding it dif f icult to understand
the dif f erent departments and their constraint in doing the job. I have been in sales since the beginning and was
not very well-equipped to grow in the hierarchy. Af ter completing the course, my perf ormance in the company
has improved, and I am well-equipped to handle pressure at a senior position.

A Aniketa Mangal | Post Graduate Programme in Family Managed Business (PGP-FMB) - Batch of Verif ied
2020
Reviewed on 5 May 2019

4 .8 Placement s 5 Inf rast ruct ure 5 Facult y & Course Curriculum 5 Crowd & Campus Lif e 5 Value f or Money 4

The college is satisfactory, and it is helping us well.

Placements: Most people here are f or joining their f amily businesses and make it big and learn how to f ace the
challenges. So they don't f ocus on getting a job.
Inf rastructure: We have all the required f acilities here on the campus. Wi-Fi, E-books, cricket f ield, gym,
f ootball f ield, are available on the campus. There is a hostel f acility. There are air-conditioned rooms and
classrooms. Water and f ood quality is also nice, and we have f ood and service is available almost 24x7.
Faculty: Teachers here have been very modern and understanding. They're not teaching us in the traditional
method, but they understand the benef its of technology and students of our generation. We've been taught to
the best of your expectations.

Other: A lot of f aculty members f rom the practical world who have a more on-f ield experience teach us. A lot of
interactive sessions are conducted by the people of our industry.

S Sarthak Rout | Post Graduate Diploma in Management (PGDM) - Batch of 2020 Verif ied
Reviewed on 12 Apr 2019

4 .8 Placement s 5 Inf rast ruct ure 4 Facult y & Course Curriculum 5 Crowd & Campus Lif e 5 Value f or Money 5

The college provides a really good course curriculum, faculty, exposure, and placements.
Placements: Placement report of the college is CRISIL audited. Hence the f igures are not inf lated, and they
are true. The average salary package of f ered is 22.9 LPA. The median salary package of f ered is 22.0 LPA. The
highest salary package of f ered is 46.5 LPA. The lowest salary package of f ered is 12 LPA. Almost 72% of the
batch got a salary package of more than 20 LPA. Almost 100% of the students are placed, i.e., around 239
students. Almost 111 recruiters visited the campus f or placements. Almost 12 international of f ers were
provided to students. Almost 78 PPOs were of f ered to students. Consulting companies like McKinsey, Bain &
Company, Boston Consulting Group, Capgemini Elite, PwC, E&Y, Deloitte USI, Deloitte S&O, and KPMG, etc.,
visited the campus f or placements. Roles of senior associate, senior consultant, etc., were of f ered. FMCG
companies like HUL, P&G, ITC, J&J, Mondelez, RB, Colgate Palmolive, etc., visited the campus f or placements.
Roles in sales and marketing, brand management, corporate f inance, corporate IT, supply chain, operations,
and general management, were of f ered. Companies like TAS, Mahindra GMC, Reliance, Airtel, Jindal along with
E-commerce companies like Amazon, Uber, Oyo, and Cloudtail, visited the campus f or placements. IT

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companies like Microsof t, Google, Barclays, Uber, American Express, and Phillips, visited the campus f or
placements. Finance companies like Citibank, Goldman Sachs, HSBC IB, Bajaj Finserv, American Express, Duf f
& Phelps, and JM Financial, visited the campus f or placements. Roles in investment banking, equity research,
corporate banking, and corporate f inance, etc., were of f ered. The average internship stipend of f ered was
Rs.1,98,000 f or 2 months. The median stipend of f ered was Rs. 2,00,000 f or 2 months. Almost 100 % of
students got internships through college. There is a placement cell consisting of around 20 members f rom
second-year headed by 2 prof essors. It works very ef f iciently and in a transparent manner.
Inf rastructure: The entire campus is Wi-Fi enabled. There is a library, caf eteria, and gym available on the
campus. There is a large playground to cater to cricket, f ootball, hockey, etc. Swimming pool and other f acilities
like tennis, etc., can be availed f rom the nearby Andheri Sports Complex at discounted rates f or SPJIMR
students. Hostel f acilities are provided to all students. There are 2-sharing and 3-sharing rooms, and rooms are
spacious. All rooms are equipped with air-conditioners. Microwave and ref rigerator are provided on each f loor.
The college has a tie-up with HealthSpring to take care of the health of students. A doctor visits the campus
every alternate day f or three hours. Quality of labs and classrooms is very good. The college is very well
maintained. The campus is clean and green.

Faculty: Teachers in our college are very helpf ul. Everyone treats others as f amily members here. Almost 50%
of the teachers in the college are f rom a corporate background to help the students to know about the latest
industry trends. They use PPTs, case studies, etc., f or teaching. They also invite visiting f aculty members. The
college provides enough industry exposure as the college is located in Mumbai. It is mandatory f or every
student to do a live project. Some unique courses like design thinking and innovation, the science of spirituality,
management and liberal arts, etc., are taught at SPJIMR.

Other: Andheri West is a prime location. It is accessible by auto, cab, metro, and local train. The airport is just
5 km away. The college organises 2 main f ests; OJAS is the management f est, and Sprint is the sports f est.
Both of them are entirely student driven and held in January. GASP is an annual theatre production activity
organised by the students of SPJIMR. Apart f rom this, all the committees like alumni committee, academic
committee, etc., are entirely student managed and take care of the day to day activities of the institute.

S Sajal Garg | Post Graduate Programme in Family Managed Business (PGP-FMB) - Batch of 2018 Verif ied
Reviewed on 1 Apr 2019

4 .4
Placement s 5 Inf rast ruct ure 4 Facult y & Course Curriculum 4 Crowd & Campus Lif e 5 Value f or Money 4

The course is great to meet different people from different fields and to know about new
businesses.
Placements: There are no placements as it is a f amily managed business course. But, you can have good
networking. I can say that I know at least 1 person f rom each state. The people in your network can help you
whenever you need. The alumni network of SPJIMR is great.

Inf rastructure: The inf rastructure of our college is great. Our college has everything that a college should
have, f rom classrooms to sports and games. A library is available on the campus. There is a pond where
students can sit nearby and relax. The canteen is good, but it can be made better by providing more f ood items.

Faculty: Faculty members were world class. We had the best f aculty f rom their respective f ields. The quality
and techniques of teaching were good as we had both practical as well as theoretical classes, which helps us
to understand the subject in depth. We also went f or industrial visits at both national and international levels.

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The course curriculum was very usef ul.

A Ayush Gupta | - Batch of 2018 Verif ied

Reviewed on 16 Oct 2018

3.4
Placement s 3 Inf rast ruct ure 3 Facult y & Course Curriculum 4 Crowd & Campus Lif e 4 Value f or Money 3

We need a bit more improvement in the form of practical knowledge.

Placements: There are no placement opportunities in this course as it is related to the self -f amily business
programme. In this course, we are taught how to manage our own business, so placements are not required in
these types of courses provided by S. P. Jain Institute, Mumbai.
Inf rastructure: This college was established more than 50 years ago, so inf rastructure is not very modern.
However, the college society improves their inf rastructure according to the time and requirements of the
institution. Modern inf rastructure is used in libraries and classrooms, and even digital aids of teaching are being
installed in classrooms.
Faculty: This college is among top 5 institutions f or MBA in India. Faculty members of the college are
excellent. They keep on inviting guest lecturers f or the students to interact. The course is great f or the ones
who have decided to join their f amily business. They get a complete knowledge of the administrative work.
Other: Fests and events are being held during the course, in which various activities are conducted.

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