With an average annual salary of Rs 16.13 lakh this placement season,up from Rs 15.46 lakh last year,S P Jain Institute of Management and Research (SPJIMR) said they have managed to beat the economic blues. This year,61 per cent of the batch was placed with annual compensations of Rs 15 lakh or more,with median annual salary being Rs 15.95 lakh. Over 170 students were part of the final campus placements at the institute. It was a tough hiring season but we completed placements on time and achieved 100 per cent placement. SPJIMR beat previous records in placing the class of 2013,with the average annual salary climbing to Rs 16.13 lakh, said Prof Abbasali Gabula,deputy director,external relations and administration,SPJIMR. This year,97 companies hired from the campus as against 81 last year. But the number of offers per company went down. Some companies,mostly from financial and banking sector,did not come to recruit. We had 33 first-time recruiters. All companies offered good,challenging roles. The market conditions didnt seem to deter recruiters. Around 49 per cent of the batch received pre-placement offers and pre-placement interviews, he said. Foreign offers were made by Ranbaxy and Jumbo Electronics. SPJIMR saw a splurge in offers from consulting firms,with 22 per cent of the batch getting placed in companies such as Accenture Management Consulting,Bristlecone,Capgemini,Cognizant Business Consulting,Deloitte,Ernst & Young,KPMG,Miebach Consulting,PwC and PRTM Consulting. Profiles included strategic consulting,operations consulting,financial advisory and IT consulting. The institute maintained its niche in fast-moving consumer goods sector hiring; 27 per cent of the batch received offers. Sales,marketing and supply chain roles were offered by Hindustan Unilever,P&G,Kraft,PepsiCo,GSK,Johnson and Johnson Consumer,Asian Paints,Britannia,Marico,Coke,LOreal,Reckitt Benckiser,Marico,Wipro Consumer. Retail roles were offered by Jumbo Electronics and Mahindra & Mahindra. Niche roles mapping across other sectors were made by Ranbaxy,3M,Cummins,Philips,Raymonds,Dr Reddys Labs and Asian Heart Institute, said Gabula. Around 16 per cent got offers from the financial services and banking sector. Companies included JP Morgan,Franklin Templeton,Citibank,Deutsche Bank,ICRA,Axis Bank,Yes Bank,SBI Caps,Nomura,GE,Edelweiss and TATA Capital. The profiles were diverse,covering investment banking,corporate banking,institutional equities,credit rating,credit risk,treasury and corporate finance. The campus also saw participation from multinational firms such as AC Nielsen making exclusive offers for their emerging leaders programme, he added. IT companies,including Microsoft,Google,Dell and HCL Technologies,offered sales roles,while corporate IT roles were offered by General Electric,Unilever,Deutsche Bank and Citibank.
