SPJIMR’s entire batch of 237 students of PGDM class of 2023 has secured autumn internships in top companies in record time with an average stipend of INR 2,95,000. A total of 312 offers were received from 41 companies, of which FMCG was in the lead followed closely by Consulting companies.
Autumn Internships is a distinctive feature of the two-year full-time PGDM programme, allowing students to take up corporate internship projects in their second year after completing a term in their chosen specialisations and a social internship in the first year.
Other recruiters came from diverse sectors like BFSI and E-Commerce offering roles in Analytics, Consulting, Corporate Finance, Corporate IT, General Management, Investment Banking, Private Equity, Product Management, Programme Management, Sales & Marketing and Supply Chain.
The median compensation of the batch crossed INR 3,00,000, an increase of 7% over 2021. The average stipend crossed INR 2,95,000, a 13% increase over the previous year. The top 50% of the batch received an average offer of INR 3,34,000, and the top 20% of the batch received an average offer of INR 3,66,000.
Companies adopted creative means to screen candidates online using gamified experiences in their selection process. Simulations, Group discussions and Interviews were also conducted seamlessly in hybrid modes.
“The velocity of placements for the Autumns internship at SPJIMR this month is testimony to our relationship and partnership with our recruiters. The industry will see the impact of our continued focus on influencing practice in classrooms with currency and relevance embedded in the curriculum,” said Dr Renuka Kamath, Associate Dean (Full-Time Programmes), SPJIMR.
Dr Sajeev Abraham George, PGDM Programme Chair, said, “We are confident that through internship projects our students will apply their learnings and create value for companies. We shall continue to innovate our curriculum and pedagogy to achieve superior learning outcomes for our students.”
FMCG was dominant with 39% per cent of the participants placed in this sector. Followed by Consulting companies who took 30% of the batch. In keeping with the emerging interest, Product Management roles saw a 100% increase in the number of offers. Opportunities in the Gaming Product Management domain were also offered for the first time.
There were 10 new recruiters this season including Kearney, Synergy Consulting, Games 24*7, Mars and India Alternatives, among others.
A unique and exclusive process that SPJIMR participants went through was an opportunity to study and work on a live industry case highlighting the applications of digital supply chain trends through an industry-academia collaboration with Marico.
Over the years, firms have identified specific Autumn projects for SPJIMR participants. Starting next year, recruiters will be able to choose from an additional 60 participants from the newly launched PGDM-BM (2 years Full-Time programme.