₹51L/year: Offer for SP Jain institute student

MUMBAI: The annual placement season for the SP Jain Institute of Management and Research (SPJIMR) in Andheri concluded recently which saw the highest annual salary offered increased by almost 10%.

A final-year management student from the 2020 PGDM batch has been offered a package of ₹51 lakh per annum, as opposed the highest package of ₹46.5 lakh offered last season. Officials from the institute have attributed this increase to ‘high degree of industry integration and consequent curriculum relevance’.

“One of the most commendable aspects this year is a large number of pre-placement offers (PPOS) made to our students after their autumn internship projects and their record conversion rate,” said Sajeev A George, chairperson of the PGDM course. The average annual salary for the batch has been recorded at ₹26.36 lakh per annum, a 15.1% growth over last year. The median annual salary stood at ₹25 lakh, and over 86% of the 238 participants secured offers of over ₹20 lakh per annum.

A statement released by the institute highlighted that 122 companies participated in the placement process, rolling out over 300 offers to 238 students. “Despite challenging market conditions, a total of 44 new recruiters participated in the placement,” said an official from the institute. Companies such as Amazon, Flipkart, Uber, Ola Cabs, Swiggy, GO-MMT, Cloudtail, Grofers, Ninjacart were the ones visiting the campus among others, said the institute’s placement report. Maximum offers came from consulting, FMCG and e-commerce sector.