FMCG/FMCD sectors top recruiter at SPJIMR Autumn placements

Mumbai-based B-school SPJIMR has wrapped up its autumn placements process, which saw 48 companies rolling out more than 300 offers to 236 students from the PGDM Class of 2019.Boston Consulting Group (BCG) and Reckitt Benckiser offered the highest stipend of Rs 3 lakh each for the eight-week internship period. Average stipend was Rs 1,98,500 while the median stipend was Rs 2 lakh. Last year, average and median stipends were Rs 1,84,681 and Rs 1.8 lakh, respectively.Regular recruiters such as TAS, BCG, HUL, P&G, Edelweiss, JM Financial, Goldman Sachs, Bharti Airtel, Marico, Amazon and Johnson & Johnson returned to campus with higher offers. New recruiters included OYO Rooms, PwC, Pidilite, HSBC Bank, Bajaj Auto, Castrol, IQVIA, Philips, DCS Advisory, Nomura and Samara Capital.The FMCG/FMCD sector was the most prominent recruiter on campus, absorbing around 48.3 per cent of the batch. Ecommerce accounted for 17.4 per cent of the offers, followed by BFSI at 15.2 per cent , consulting at 9.6 per cent , technology at 4.3 per cent and general management at 3.5 per cent . Three students opted out of the placements.Unlike most business schools, where summer placements happen in the first year itself, SPJIMR follows the autumn placements process, which is held in the second year. This happens after participants spend a month in rural India with not-for-profit companies, complete their core specialisation courses and the three-week long Global Fastrack course at some of the leading Bschools in the US. After the autumn internships, which have already started, pre-placement discussions for campus placements begin at October-end, culminating in the final placements at the end of December.

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