Mumbai: The post-graduate diploma in management (PGDM) students from the Bharatiya Vidya Bhavan’s S P Jain Institute of Management and Research’s current batch were offered high annual salary packages that witnessed a 14 per cent rise compared to last year. The highest package stood at ₹53.16 lakh per annum this year.
The 2021-22 batch’s average salary too has risen by 23 per cent compared to 2020-21.
A student of the previous, however, got the highest package of ₹44 lakh whereas the students in 2020 and 2019 got the highest salary packages of ₹51 lakh and ₹46.5 lakh, respectively.
“With the increasing intake by the consulting companies, offers were rolled out to 91 students, the highest ever reported by SPJIMR for a batch. The FMCG sector was also a major recruiter and made offers to over 22 per cent of the batch and this was closely followed by offers in the Private Equity, BFSI, Tech and E-commerce sectors,” a statement from the institute was quoted as saying by Hindustan Times on Thursday.
According to the institute, around 52 per cent of the batch bagged pre-placement offers (PPOs) via the autumn internship and corporate competitions. A total of 238 students took part in the placement drive season this year and total companies in the fray were 70 — including 33 first-time recruiters.
“We faced special challenges this placement session particularly as the institute re-opened and then closed again with the third wave of the pandemic. Our teams readjusted quickly, the students came together and as a team we ensured that the season’s performance was one of the best we have seen in recent times,” associate director-external relations, SPJIMR, Prof Abbasali Gabula, was quoted as saying by HT.
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