SPJIMR Final Placements 2016 : Average Salary of 19.3 Lacs

Bharatiya Vidya Bhavan’s S. P. Jain Institute of Management and Research (SPJIMR) is widely considered as one of India’s best B-Schools. This year witnessed 89 companies hiring the 226 management graduates from the Class of 2016.

The placement season witnessed the regular recruiters like TAS, BCG, Deloitte, Accenture Strategy, Mahindra GMC, HUL, P&G, Microsoft, PwC-PRTM, Axis Bank, and JM Financial returning to recruit talent from the batch, proving that SPJIMR remains a preferred campus for B-School recruitment. The campus also saw participation from 26 new companies like Avendus Capital, Diamond PwC, Paytm, Cloudtail, Astrazeneca, IndusInd Bank and Microland.

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Consulting and FMCG firms ruled the roost at SPJIMR yet again. The consolidation phase in the e-commerce industry brought an anticipated slowdown in hiring, with the number of offers made by e-commerce firms declining by 61%. The campus however maintained its niche in FMCG hiring, with 23% of the batch recruited by FMCG firms. 28% of the Class of 2016 secured offers from top consulting firms, which is a 65% increase in the opportunities brought in by consulting firms.

The average salary increased to Rs. 19.3 lakhs, from Rs. 18.2 lakhs last year. The highest salary offered on campus also spiked by 25% to Rs. 37 lakhs per annum. 82% of the students received offers of Rs. 15 lakhs or more, with a median salary of Rs. 17.38 lakhs.

45% of the Class of 2016 received Pre-Placement Offers and Pre-Placement Interviews through their Autumn Internships at top corporate houses, some of which included Amazon, Asian Paints, Axis Bank, Colgate-Palmolive, GE, HSBC, HUL, Mondelez, P&G, TAS among others.

A brief compilation of vital statistics from the placement process for the Class of 2016 is as below:

Participants in the Batch 226
Participants in the batch opting out of placements 4
Number of Participating Companies 89
Number of First-time Recruiters 26
Total Number of Pre-Placement Offers 71
Average Salary 19.3 LPA

Key Highlights

  • 82% of the batch has offers of Rs. 15 lakhs and more
  • 96% of the batch has salaries of Rs. 13 lakhs and more
  • The median salary for the batch of 226 students was Rs. 17.38 lakhs

A brief on the companies visiting campus this year

General Management

This year, conglomerates like Mahindra & Mahindra, Reliance Industries Limited and Tata Administrative Services made about 15 offers in several middle management positions. The roles pertain to application of business understanding in all relevant domains and also entail close co-ordination with CXOs. The hires are groomed to be future leaders in their respective business subsidiaries.


Given the consolidation in the e-commerce industry, there was a drop in the offers coming from e-commerce companies. Around 10% of the batch was placed in e-commerce firms, which included Amazon, Cloudtail, Paytm, and CarDekho among others.

The profiles offered by the e-commerce sector at SPJIMR included category management, product management, online and offline marketing, business process excellence, operations and business analytics.

Consulting/ IT Consulting

There was a significant increase in the number of roles offered by major consults on campus. 28% of the batch was placed in top consulting firms, which included the Boston Consulting Group, Cognizant Business Consulting, Deloitte, IBM, PwC, KPMG, PRTM Consulting, TSMG, Avalon Consulting among others.

The profiles offered at SPJIMR included strategic consulting, operations consulting, financial advisory and IT consulting.


The talented batch picked up offers from top league financial players that included Axis Bank, Standard Chartered, HSBC Bank, Citibank, JM Financials, Yes Bank amongst others. Offers were received across a plethora of functions ranging from Investment Banking, Corporate Banking, Corporate Finance, International Banking, Capital Markets etc. Corporate Finance/Strategy roles were offered by Mondelez, Godrej, GE and Vodafone among others. About 9% of the batch got offers in the Financial Services and Banking sector.


IT companies such as Microsoft, IBM, Microland, Hexaware Technologies and HCL Technologies offered sales and consulting roles on campus. 10% of the batch received offers from IT majors. Corporate IT roles were offered from companies such as General Electric, Hindustan Unilever Ltd. and Marico.

Marketing and Operations

SPJIMR maintained its niche in FMCG hiring. This year witnessed the top FMCG companies lining up on campus to make offers to the Marketing and Operations batch. Around 23% of students were made offers by the FMCG sector.

Sales, Marketing and Supply Chain roles were offered by FMCG/FMCD majors that included Asian Paints, Col-Pal, GSK CH, HUL, Mondelez, Marico, and Nivea. Telecom roles were offered to students by Bharti Airtel and Vodafone.


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