SPJIMR Placements 2023: Highest package at ₹77. 8 lakh for PGDM class

The PGDM Class of 2023's final recruiting process has been completed, according to an announcement from the S.P. Jain Institute of Management and Research, Mumbai, of Bharatiya Vidya Bhavan. According to the institute, the highest annual income awarded to a student this year is 77.8 lakh rupees, while the average wage is 33.02 lakh rupees. "This year, the average annual compensation (cost-to-company) is INR 33.02 lakhs. Almost 70% of the class received offers with salaries over INR 30 lakhs per year, and over 92 percent received salaries above INR 25 lakhs per year, bringing the median annual pay to INR 32.89 lakhs, an increase of 9.3% over previous year. Despite this, there were outstanding placements and a consistent rise over the prior year the present status of the tech business and looming concerns of a global recession," SJIMR said in a news release. The top industries for PGDM 2023 recruitment include FMCG, consultancy, BFSI, pharma, and tech, it was said. According to the institute, FMCG companies hired 35% of the class, with offers coming from industry giants such as 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 the top recruiters are Accenture Strategy, Boston Consulting Group, Deloitte, GEP Worldwide, Kearney, KPMG, Praxis Global Alliance, and PwC US Advisory. 32% of the students in the class received offers from the consulting industry. Infosys offered "a global offer," the statement read. Companies including American Express, Barclays, Cisco, Dr. Reddy's Laboratories, Haleon, Edelweiss, Flipkart, MakeMyTrip, PayTM, and ServiceNow engaged in the hiring process from the BFSI, IT, and Pharma industries. The front-end investment banking positions given by prestigious companies including BDA Partners, JM Financials, O3 Capital, and Novaa One reached a record high. Investment banking offers climbed by 75% over the previous year. Also, buy-side companies from the school, including offerings from Pinpoint Asset Management, venture capital, and asset management The institute mentioned WEH Ventures and Edelweiss Asset Management.