Mumbai: SPJIMR announced that it has expanded corporate partnerships for its Autumns Placements process with 29 new companies coming on-board for campus placements this year. SPJIMR said that 35 per cent of the offers for the 2016 season were made by these new companies, reflecting diversification in the portfolio of recruiters.
The institute released the figures on the successful conclusion of the placements process, which highlighted the continued confidence of leading corporates in the knowledge, skills and attitudes of participants of the institute’s full time two-year MBA-equivalent PGDM programme.
The 2016 Autumns Placements season brought a total of 223 internship offers for SPJIMR PGDM participants from 53 companies, which is a jump of 25 per cent over 2015 in the number of companies visiting the SPJIMR campus. The PGDM Class of 2017 has a total of 229 participants. Six participants opted out of the process because they had self-generated offers or received offers as a result of their participation in competitions.
The Autumns Placements process is a SPJIMR innovation that enables recruiting companies to hire interns from a rich talent pool after the participants have completed specialisation courses followed by advanced courses in a global university and a six week-long internship with non-profits, mostly in rural India.
This is the first year SPJIMR partnered with leading companies overseas, resulting in two PGDM participants getting offers for internships in international locations with Fortune 500 MNCs. SPJIMR said this was a modest beginning, following a series of initiatives taken over the last one year to strengthen global partnerships.
The top recruiters on campus came from diverse sectors like general management, FMCG, technology, financial services, investment banking, consulting and e-commerce, among others.
Some of the leading companies and groups hiring this season were Accenture Strategy, Amazon India, Asian Paints, Citibank India, Colgate Palmolive India, General Electric India, Godrej group, Hindustan Unilever, Mahindra Group Management Cadre, Microsoft India, Mondelez India Foods, Nestlé India, o3 Capital Advisors and Tata Administrative Services.
The average stipend in 2016 was to the tune of INR 148,000; a 20 per cent increase over 2015. Over 90 per cent of the PGDM batch will draw a stipend of over INR 100,000 for the eight week period of internship.
Prof. Abbasali Gabula, Deputy Director, External Relations said, “Autumns projects are unique to SPJIMR and many more companies are buying into this idea. When all other campuses have summer projects between their first year and second year of studies, SPJIMR participants go to for rural internships. Autumns projects are done in the second year post the specialisation courses and the ‘Global Fast Track’, which offers advanced courses in a top international university. Companies are very appreciative of the quality of output of eight weeks of project work. These projects are part of the academic requirement at SPJIMR and they are evaluated jointly by company mentors and faculty guides.”
