More than 95%
of PGDBM Class of 2008 at SPJIMR-Mumbai Signs-off as Millionaires
PGDBM Programme
"It is not the mountain we
conquer, it is ourselves."
- Sir Edmund Hillary
Sir Hillary would have been
proud. The PGDBM Class of 2008 not only conquered mountains, but also
propelled themselves into a whole new league during the placement season.
Signing off with new, exciting profiles and ever-burgeoning salary packages, the
Class of 2008 accentuated the trend that has been seen at SPJIMR. The corporate
world reinforced its conviction in the participants as they continued to offer
new roles and responsibilities for the Class of 2008.
New, diverse profiles kept
pouring in, and more than 95% of the class signed-off as millionaires. In a
perfect culmination of the PGDBM programme of the institute, the
average salary increased by 25% to Rs. 13.78 Lakhs per
annum with the highest domestic offer of Rs.
20 Lakhs and highest foreign offer of USD
70,000.
The process ended with the
participants being offered their dream profiles in large Indian and foreign
firms. Companies in sectors like Consultancy, Banking, IT, Investment Banking,
FMCG, Private Equity, Manufacturing, Healthcare & Pharmaceuticals, Telecom,
Media lined-up to pick up some of the best managerial talent in the country.
Companies participating in the
process for the first time included McKinsey Corporate Finance, Bharti
Group, Cummins, Ranbaxy, M&M Corporate Strategy Group, Principal AMC, Barclays,
Aricent, J&J Pharma, ING IM, Swiss Re, GE Healthcare, Suzlon, GSK Pharma, Tata
Capital, Reliance Group, Virgin Mobile, Heinz and many others.
The consulting bandwagon
was led by McKinsey Consulting who recruited 2 students from SPJIMR. This was
out of total 5 students recruited on their Batch Day. Other consulting companies
on campus included Accenture Business Consulting, TSMG, PWC (Performance
Improvement Team), E&Y (Business Advisory Services), Deloitte, and others.
This placement season also saw
top of the league I-banks like JM Financial, Enam, Deutsche Equities,
banks like Barclays, ABN-AMRO, HSBC, Standard Chartered and financial
institutions like GE Commercial Finance, IDFC, SEBI recruiting candidates
for their highly-valued skills. Marketing profiles were offered across
various sectors in companies like P&G, HUL, Marico, Cadburys, Nestle, Intel,
Microsoft, J&J, Motorola, HT Media, and many others.
General Management
profiles were offered by Tata Administrative Services, Aditya Birla Group,
Reliance Group. The operations domain saw companies like GSK, Cummins,
Miebach Consulting, ITW, ECS, Bristlecone, among many others. IT
companies like Capgemini, CTS, Wipro, HCL Technologies, IBM, Oracle, among
others offered plush IT consulting, business development and other exciting
profiles.
General Management
profiles were offered by Tata Administrative Services, Aditya Birla Group,
Reliance Group. The operations domain saw companies like GSK, Cummins,
Miebach Consulting, ITW, ECS, Bristlecone, among many others. IT
companies like Capgemini, CTS, Wipro, HCL Technologies, IBM, Oracle, among
others offered plush IT consulting, business development and other exciting
profiles.
More than 50% of the batch had
pre-placement offers and pre-placement interviews from the Autumns Internships
which was done in companies like P&G, HUL, Citibank, Sabre Capital, Edelweiss,
Pentland Brands (London), Development Bank of Singapore, etc.
|
Participants in Placements from the Batch |
89 |
| Number
of Participating Companies |
96 |
| Total
No. of Offers |
258 |
| Total
No. of Pre-Placement Offers (PPO / PPI) |
45 |
|
Pre-Placement Offers Accepted |
25 |
|
Average No. of Offers Per Participant |
3.68 |
|
Maximum No. of Offers to a Single Participant |
8 |
|
Highest Domestic Salary Offered |
INR
20.00 Lakhs |
|
Average Domestic Salary |
INR
13.78 Lakhs |
|
Highest Foreign Salary Offered |
USD
70,000 |
The placement process saw an
average of two offers of more than Rs. 10 Lakhs for each student. Along with the
compensation packages offered, companies also carved out roles specifically to
meet the interests of the participants. One candidate opted out of the placement
process to start his own venture, taking advantage of the new institute rules,
by which candidates can opt out of the placement process to pursue
entrepreneurial interests, while having the opportunity to sit in the process
for next 2 years.
The placement process was a
fitting end to the PGDBM programme which aims at promoting an inquiring and
analytical mind, which proactively seeks the right knowledge, acquires the
appropriate skills and promotes the right attitude to develop capabilities
needed to manage enterprises in the twenty-first century.
