SPJIMR Placement 2026: Highest Package, Average Package, Top Recruiters

Andheri West, MumbaiEstd 1981

4.2

Content Curator | Updated on - Jul 14, 2026

SPJIMR concluded placements for its combined PGDM and PGDM (BM) Class of 2026, placing all 356 students at a 100 percent rate. The average CTC stood at INR 33.75 LPA and the median CTC reached INR 32.85 LPA, the highest median recorded in the five-year period reviewed here. Results were independently validated under IPRS v2.2 standards by Gandhi and Lakhani Chartered Accountants.

Eighty companies recruited from the Class of 2026, of which 31 were making their first appearance at SPJIMR. Consulting accounted for 40 percent of all offers across the batch, the highest share in five years. Pre-placement offers (PPOs) covered 46 percent of students, generated through the autumn internship cycle spanning approximately 75 companies and through business competitions held during the academic year.

For the one-year PGPM programme, designed for professionals with five or more years of experience, the Class of 2024-25 reported an average CTC of INR 24.40 LPA and a highest CTC of INR 50 LPA. The headline metric for PGPM is the 119 percent average salary increase over incoming compensation, reflecting the programme’s lateral career transition focus.

SPJIMR Placement Highlights 2026

Metric	PGDM and PGDM (BM) — Class of 2026	PGPM — Class of 2024-25
Batch Size	356	Not disclosed
Placement Rate	100%	100%
Average CTC	INR 33.75 LPA	INR 24.40 LPA
Median CTC	INR 32.85 LPA	-
Highest CTC	INR 75 LPA	INR 50 LPA
Top 25% Average CTC	INR 43.75 LPA	INR 33.40 LPA
Top 50% Average CTC	INR 39 LPA	INR 29.30 LPA
Companies Participating	80 (31 first-time)	32 and above
PPO Conversion Rate	46%	-

PGDM and PGDM (BM) Placements

The two-year PGDM and PGDM (BM) programmes share a unified placement process. The Class of 2026, comprising 356 students, completed placements by May 2026. The combined average CTC of INR 33.75 LPA represents a recovery from INR 32 LPA for the Class of 2025. Within the 2026 batch, the PGDM (BM) strand separately recorded an average CTC of INR 34.05 LPA and a highest CTC of INR 65 LPA.

Salary distribution data for the Class of 2026 shows that 68 percent of all offers were at or above INR 30 LPA, 31 percent were at or above INR 35 LPA, and 15 percent were at or above INR 40 LPA. The top 25 percent of the batch averaged INR 43.75 LPA, indicating a meaningful spread above the overall average.

Year (Class of)	Batch Size	Average CTC	Median CTC	Highest CTC	Companies	PPO Rate
2022	238	INR 32.06 LPA	INR 30.10 LPA	INR 53.16 LPA	70	52%
2023	237	INR 33.02 LPA	INR 32.89 LPA	INR 77.88 LPA	63	47%
2024	292	INR 33 LPA	INR 31.50 LPA	INR 81 LPA	72	47%
2025	336	INR 32 LPA	INR 30.50 LPA	INR 89 LPA (international)	86	48%
2026	356	INR 33.75 LPA	INR 32.85 LPA	INR 75 LPA	80	46%

Key Takeaways:

Average CTC has remained between INR 32 LPA and INR 34 LPA across five consecutive batches, even as batch size grew 50 percent from 237 students in 2023 to 356 in 2026.
The 2026 median CTC of INR 32.85 LPA is the highest in the five-year period, recovering from INR 30.50 LPA in 2025.
PPO conversion has held between 46 and 52 percent each year, meaning roughly half the batch receives pre-placement offers before the formal season begins.

Cohort and Sector-wise Breakdown (Class of 2026)

SPJIMR structures the PGDM programme around four specialisation cohorts: Marketing, Finance, Operations and Supply Chain Management (OSCM), and Information Management (IM). Placement outcomes are tracked cohort-wise as well as by overall sector share for the combined batch.

Sector or Cohort	Share of Offers (Class of 2026)
Consulting (all cohorts combined)	40%
BFSI, IB, PE and VC (Finance cohort)	32% of Finance cohort
FMCG (Marketing cohort)	30% of Marketing cohort
FMCG and Operations (OSCM cohort)	22% of OSCM cohort
Technology, Product and Analytics (IM cohort)	30% of IM cohort
General Management (all cohorts combined)	10%

Consulting grew from 32 percent of batch offers in 2023 to 40 percent in both 2025 and 2026, driven by increased participation from global strategy firms. Technology and analytics offers for the IM cohort rose 50 percent from 2024 to 2025 and held at 30 percent of IM cohort offers in 2026.

PGPM Placements 2024-25

The PGPM is a one-year lateral programme for professionals with five or more years of work experience. Placements run on a rolling basis from September to December each year, separate from the fixed placement window used for PGDM and PGDM (BM). The programme targets career transitions and salary uplift rather than first management hire placements.

Metric	Class of 2024-25	Class of 2022-23
Average CTC	INR 24.40 LPA	INR 25.89 LPA
Highest CTC	INR 50 LPA	INR 43.92 LPA
Top 25% Average CTC	INR 33.40 LPA	INR 33.63 LPA
Top 50% Average CTC	INR 29.30 LPA	-
Salary Growth over Incoming CTC	119%	-
Placement Window	September to December	September to December

IT and ITES firms represented 39 percent of PGPM offers in 2023-24, the leading sector for lateral placements. Consulting, BFSI, and FMCG contributed the remaining majority. Consistent recruiters in the PGPM cycle include Accenture, EY, HCL, IBM, Infosys, and Wipro, alongside firms from banking and professional services. SPJIMR does not separately disclose the PGPM batch size.

Top Recruiters at SPJIMR

The Class of 2026 placement drew 80 companies, with 31 making their first appearance at SPJIMR. Consulting firms led by offer volume across all cohorts, while FMCG majors, investment banks, and technology companies rounded out a broad recruiter base. SPJIMR does not publish individual company offer counts.

Sector	Notable Recruiters (Class of 2026)
Consulting	McKinsey, BCG, Deloitte, EY, KPMG, PwC, Accenture Strategy, GEP, Kearney, Praxis Global Alliance, Nomura Research Institute, Miebach
FMCG	HUL, P&G, Nestle, ITC, Godrej Group, Colgate-Palmolive, Marico, Asian Paints, L’Oreal, Mondelez, General Mills, Kellanova, AB InBev
BFSI and Investment Banking	Goldman Sachs, Morgan Stanley, Citi, HSBC, Barclays, Kotak Mahindra Bank, American Express, Axis Bank, DC Advisory, JM Financial, Nomura
General Management and Conglomerates	Aditya Birla Group, Mahindra Group, Reliance, RPG, Capgemini ELITE
Technology and Product	Microsoft, Amazon, Paytm, MakeMyTrip, Zomato, ServiceNow, Cisco, Mastercard

SPJIMR Placement FAQs

Ques. How does the cohort system at SPJIMR affect placement opportunities?

Ans. At SPJIMR, you choose one of four specialisation cohorts at the application stage: Marketing, Finance, Operations and Supply Chain Management, or Information Management. Placements are structured cohort-wise, with companies invited to recruit from the most relevant cohorts. FMCG firms like HUL and P&G recruit primarily from Marketing and OSCM, investment banks focus on Finance, and tech and product companies recruit from Information Management. This design is why SPJIMR reports both cohort-specific percentages and overall batch figures rather than a single sector breakdown.

Ques. What proportion of the PGDM batch secures a PPO before the final placement season?

Ans. Between 46 and 52 percent of the PGDM and PGDM (BM) batch receives a pre-placement offer each year. SPJIMR runs two formal PPO pipelines: an autumn internship cycle covering approximately 75 companies and business competitions held during the academic year. Students who accept PPOs do not participate in the formal placement season, so the campus recruitment window effectively covers the remaining half of the batch.

Ques. Is the PGPM average CTC directly comparable to the PGDM average?

Ans. The two averages measure different outcomes. The PGPM average of INR 24.40 LPA for 2024-25 is lower in absolute terms than the PGDM average of INR 33.75 LPA, but PGPM participants bring existing salaries and typically five to ten years of work experience. The key metric SPJIMR reports for PGPM is the 119 percent average increase over the participant’s pre-programme CTC, reflecting the programme’s career transition orientation rather than a fresh management hire model. Both programmes report 100 percent placement.

Ques. Has the growth in batch size at SPJIMR affected placement packages?

Ans. The PGDM and PGDM (BM) batch grew from 237 students in the Class of 2023 to 356 in the Class of 2026, a 50 percent increase over four years. Despite this, average CTC remained in the INR 32 LPA to INR 34 LPA range across all five years and the 2026 median of INR 32.85 LPA is the highest in that period. The participating company count grew from 63 in 2023 to a peak of 86 in 2025, indicating that recruiter depth scaled alongside batch size without significant dilution of outcomes.

Ques. What does independent audit and NIRF data show about SPJIMR placements?

Ans. SPJIMR’s placement figures are independently audited by Gandhi and Lakhani Chartered Accountants under IPRS v2.2 each year. NIRF 2025 data for the 2023-24 graduating batch shows 335 out of 342 graduates placed, with a median salary of INR 31.5 LPA. The difference between NIRF’s approximately 98 percent figure and SPJIMR’s 100 percent claim arises because NIRF counts all graduates, including those who voluntarily opted out of placements, while the institute’s figure covers only students registered for campus placements.

SPJIMR Overall Placement Highlights

The highest package offered at SPJIMR is INR 75 Lakhs, while the average package stood at INR 33.75 Lakhs. Various recruiters participated in the recruitment process of SPJIMR including Aditya Birla Group, Bain & Company India Private Limited, Cisco, Flipkart, IBM and more.

Highest PackageAverage Package

75 L

33.75 L

015.0 Lakhs30.0 Lakhs45.0 Lakhs60.0 Lakhs75.0 Lakhs

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SPJIMR Coursewise Placement Highlights

In 2025, SPJIMR MBA/PGDM programme recorded a highest package of INR 75 Lakhs, average package of INR 30.68 Lakhs, and median package of INR 32.85 Lakhs.

Yearly Placement Package Comparison
Particulars	2025	2024	2023
Highest Package	₹75.00 Lakhs	₹89.00 Lakhs	₹81.00 Lakhs
Median Package	₹32.85 Lakhs	₹30.50 Lakhs	₹31.50 Lakhs
Average Package	₹30.68 Lakhs	₹31.95 Lakhs	₹33.00 Lakhs

Yearly Students Placed
Particulars	2024	2023	2022
Student Admitted	292	238	238
Students Placed	292	238	235

SPJIMR Placements: Students' Opinion

AI-Generated Summary based on 45 Reviews

The college boasts a consistent 100% placement record with well-planned and smooth processes. The highest placement package is approximately Rs. 52 lakhs, with an average package around Rs. 26-28 lakhs. The median salary stands at around Rs. 25-27 lakhs, and the lowest package offered is around Rs. 10-15 lakhs. Approximately 60-70% of students secure offers above Rs. 20 lakhs, and around 81 students receive PPOs. Companies from various sectors, including consulting, FMCG, IT, and banking, recruit from the campus.

Prominent recruiters include Google, Amazon, Accenture, P&G, and KPMG, with 122-135 companies participating in the process annually. The internship program, conducted in autumns, offers stipends ranging from Rs. 98,000 to Rs. 3.9 lakhs for two months, with top firms like HUL, P&G, and Nestle participating. The program ensures 100% internship placements, with many students securing pre-placement offers.

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SPJIMR: 17 Answered Questions

How is SPJIMR's placement report better than IIMs including IIM Calcutta and as good as IIM Ahmedabad (both Average and Median)?

Advait JoshiLives in Mumbai, Maharashtra, India

Here are a few possible reasons why SPJIMR placements are better than or equally good as IIMs

SPJIMR has a much smaller batch size in comparison to IIMs and thus the average rises.
SPJIMR has a very rigorous selection process that filters the best students and the recruiters are well aware of this.
SPJIMR enjoys a great location maximizing the exposure and opportunities rendered to the students.
The students perform exceptionally well in the placement interviews and thus secure high packages.

It's important to note that these reasons are just based on speculations and it cannot be exactly determined why some placements are better than others.

What is the quality of education at SPJIMR Mumbai (PGPM)? What kind of placements do they have after completing their course there? How does it compare to IIM’s placement records?

Akriti Guptalives in Mumbai, Maharashtra, India

SPJIMR Mumbai (PGPM), a top management school in India, provides high-quality education. The course balances theoretical and practical knowledge and emphasizes leadership abilities.

Many leading companies recruit the institute's graduates each year. Amazon, McKinsey & Company, and Accenture recruit SPJIMR Mumbai (PGPM) grads at 26 LPA on average.

SPJIMR Mumbai (PGPM) has strong placement records despite not being as well known as other IIMs. SPJIMR Mumbai (PGPM) has continually been one of India's top management colleges for placements. Below is a table comparing fees and placement records of SPJIMR and IIMs;

College	Fees (MBA/PGDM)	Highest Salary Package	Average Salary Package
SPJIMR	INR 20.42 Lakhs	INR 77.8 LPA	INR 33.02 LPA
IIMs	INR 12 Lakhs to INR 28 Lakhs	INR 35 LPA to INR 1.14 CPA	INR 15 LPA to INR 34 LPA

SPJIMR Mumbai (PGPM) offers a high-quality management education with a focus on leadership and a good possibility of securing a high-paying job after graduation. It may not have the same prestige as some IIMs, but it is a respected institute with a successful track record. Hope it helps, choose wisely, All the best!

How are the placements for freshers in B-schools like SPJIMR?

Advait JoshiLives in Mumbai, Maharashtra, India

SPJIMR Mumbai has announced the completion of its final placements for the PGDM 2023 class. SPJIMR has given major IIMs a run for their money, with a 9.3% increase in average CTC (Rs 33.02 LPA) during 2023 placements, and a considerable increase in the number of offers. During the SPJIMR final placements in 2023, marquee names from the Consulting, FMCG/FMCD, and E-Commerce industries demonstrated a significant demand for talent. Here are a few more highlights from SPJIMR placements 2023:

In addition to the final placements in 2023, more than 47% of the 2023 batch participated in PPO/PPI opportunities through autumn internships with leading companies such as Accenture Strategy, Amazon, Edelweiss, Intuit, ITC, Tata Administrative Services, Boston Consulting Group, Uber, Procter & Gamble, and Microsoft.

Participants from batch - 237
Participating companies - 68
33 are first-time recruiters.
The total number of pre-placement offers was 112
The median pay is Rs 32.89 LPA.
The average pay is Rs 33.02 LPA.
The highest salary is Rs 77.8 LPA.

Top recruiters include Accenture Strategy, Adani, Amazon, Airtel, and Bank of America.

What kind of placement opportunities are there for students who are enrolled in SPJIMR's Global Management Programme?

Madhav ReddyStudied at SPJIMR ,Mumbai

SPJIMR's Global Management Programme placement drive for 2023 has successfully concluded with positive results. The highest package offered was reported to be INR 77.8 LPA, while the average and median packages offered were INR 33.02 LPA and INR 32.89 LPA, respectively. The FMCG sector emerged as the top recruiter, with 35% of the students being recruited by well-known companies.

In addition to regular recruiters, 42 first-time recruiters participated in the placement drive. PPOs were secured by over 47% of the students during the 2023 placement drive. Some of the major recruiters who participated include Asian Paints, Castrol, Godrej Group, and Hindustan Unilever Limited, among others.

Which is better, XLRI GM (GMP) or SPJIMR PGPM in terms of placements and exposure?

Trisha SomwanshiStudied at SPJIMR

If you are considering pursuing a One-year MBA in India, it is essential to set your expectations correctly. Doing so will ease your decision-making process.

When comparing SPJIMR and XLRI, both schools have good credentials and carry equally eminent faculty. However, there are some differences that become apparent when we dig deeper.

SPJIMR has a location advantage compared to XLRI. Since the one-year program has a much faster pace, SPJIMR's presence in the financial capital of the country gives it unparalleled access to a larger industrial connection.
SPJIMR is the only B-school in the country that creates specialization cohorts in the batch right from the beginning. In contrast, XLRI GMP is more of a general management program. Therefore, if you prefer more precise and focused learning, SPJIMR PGPM might be the better option.
SPJIMR is known for its diversity policy, which is reflected not only in its batch profile but also in the faculty profile. The PGPM batch carries a healthy mix of professionals from all walks of life.
In terms of fees, the PGPM one-year all-inclusive fee is just shy of 20 Lakhs, whereas that of XL GMP is around 25k.
The PGPM program at SPJIMR has one of the most dedicated Placement Support teams in the country. If placements are a significant concern for you, this might be a deciding factor.

In summary, when deciding between SPJIMR and XLRI, it is crucial to consider factors such as location advantage, specialization cohorts, diversity policy, fees, and placement support.

How are SPJIMR operations compared to NITIE operations in terms of placements, alumni, and teaching?

Trisha SomwanshiStudied at SPJIMR

When it comes to operations, NITIE is unbeatable compared to SPJAIN for at least the next ten years, and the same is true for finance and marketing, as NITIE cannot beat SPJIMR for the next decade. Here are some reasons to consider:

Placements: If you're an operations graduate, NITIE has every recruiter you could possibly want, giving you more options to select the profile you want. Additionally, the average package is higher in SPJMIR, but that's due to factors such as batch strength with no reservation and the ability of private institutes to do more than government institutes. Overall, NITIE is the best choice for placement based on operations.
Alumni: NITIE has a legacy of producing excellent graduates, and you'll find NITIE alumni at virtually every company.
Teaching: SPJIMR has better professors for general courses, but NITIE has exceptional professors for operations elective courses. Ultimately, both are equivalent, and it comes down to how many case studies you complete.
Diversity: NITIE only has engineers, while SPJIMR has a more vibrant crowd. Therefore, SPJIMR has the advantage in this area.
ROI: Return on investment is the most important criterion when choosing a college. NITIE has the best ROI after FMS, making it an obvious choice. Big loans can drag down your package by 5-6 L a year, which is not worth it.
Campus life: While my knowledge about this factor is limited, I have heard that SPJIMR doesn't have a proper campus and shares it with other colleges. NITIE has a larger and better campus, especially for nightlife.

Overall, NITIE is a much better option than SPJIMR for operations and as a college in general. While SPJIMR has excellent marketing strategies, factors such as GFT and Rural internships are just gimmicks to bring the college into the top 10. Additionally, SPJIMR began inflating their placement reports due to institutes like MDI doing the same. It's essential to check the data for yourself and not settle for others' beliefs, as everyone has their own. NITIE is relatively unknown due to being a government institute that cannot advertise like SPJIMR or MDI. Additionally, the operation is not as prestigious a stream as finance and marketing in the corporate world, giving NITIE a bad reputation. However, NITIE is the clear choice for operations, and you should do your research and make an informed decision.

How are the placements for SPJIMR finance?

Trisha SomwanshiStudied at SPJIMR

It's worth noting the impressive placements process the institute had in 2022. A total of 238 students participated in the process, and there were 70 recruiters on campus, including 33 first-time recruiters.

Consulting firms were a popular choice among students, with over 38 percent of the batch being placed in this field. Additionally, more than 21 percent of the Finance Management batch landed roles with Investment Banking and Private Equity firms. The finance domain saw the participation of both domestic and international companies, offering roles in analytics, wealth management, and private banking. In fact, around 20 percent of the Finance batch received offers for Investment Banking and Private Equity roles, which is a record high for the cohort. Prominent recruiters like Avendus Capital, Axis Capital, GEF Capital, Goldman Sachs, and JM Financial rolled out multiple offers to candidates.

Another noteworthy aspect of the placements process was the participation of E-Commerce industry leaders like Amazon and Flipkart. About 12 percent of the batch received offers from these companies, with roles across domains such as Supply Chain and Operations Management, Finance Management, and Management Trainee being offered to students.

Overall, the placements process at SPJIMR in 2022 was impressive and offered students a wide range of opportunities in various domains. If you're considering SPJIMR for your business education, you can be assured of a strong placements process that provides ample opportunities to kickstart your career.

What was the placement of the SPJIMR, Mumbai last year?

Jayant ThakurMBA from S. P. Jain Institute of Management and Research

The SPJIMR, Mumbai PGDM placements for 2022 were a success, with 70 companies visiting the campus and offering a variety of exciting opportunities to students. A total of 123 PPOs were made during the placement season, which is a testament to the quality of education and training provided by the institute.

The placements resulted in a substantial rise in the median and average packages offered to students. Compared to 2021, there was a remarkable 20% increase in the median package, which indicates that students with a diverse range of skills and expertise were offered competitive compensation packages. The average package offered during SP Jain SPJIMR PGDM placements 2022 was INR 32.06 LPA, which was a significant rise of 23% compared to the previous year.

The highest package offered during PGDM placements in 2022 stood at INR 52.16 LPA, which is a testament to the caliber of the students and the effectiveness of the institute's placement process. The rise of 14% in the highest package compared to 2021 is a clear indication of the growing reputation and recognition that SP Jain Institute of Management and Research has been receiving in the industry.

The top recruiters for SP Jain Institute of Management and Research in 2022 included leading companies such as Amazon, Microsoft, and Tata, which is a testament to the quality of education and training provided by the institute. These companies have a reputation for recruiting the best and brightest candidates from top business schools, and their presence at SPJIMR PGDM placements 2022 is a testament to the quality of the institute's graduates.

How are CV points and extracurricular activities verified in SPJIMR by the placement committee?

Koustav PalPGPM in Operations and Supply Chain Management, S. P. Jain Institute of Management and Research (SPJIMR) (Graduated 2021)

In SPJIMR, the CV points and extracurricular activities are verified through the submission of proofs that verify the credibility of the CV.

Emails: The most common method is through emails from managers or other authoritative people. The students send an email to the manager and request him to verify the points he has mentioned in the CV. If the person addressed the response through his official email id claiming that points are verified, the placement committee cross-checks the contents of the CV with the approval email and then finally approves it. Every single work in the CV is approved in a similar manner.

OTP Method: This method is most suitable when the managers have left the organization. For them, a One Time Password approach is followed wherein their identity is first verified using LinkedIn, after which an OTP is sent on their mobile number which is to be sent by the manager via email thereby validating their identity.

Certificates: Many points on the CV can be verified through Original Certificates or documents.

How are the placements at SPJIMR?

shilpi

Students are eligible from 4th trimester to sit for placement. There are more than 25 companies come for placement during Oct - Jan for recruitment. Average package is 24 lakhs and Highest is 51 lakhs. I have joined the product management role after completion of the course

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SPJIMR Alumni Distribution by Sector

Business Development 25%

Operations 14%

Sales 11%

Consulting 8%

Marketing 7%

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Frequently Visited Companies

Companies
Aditya Birla Group	Bain & Company India Private Limited	Cisco	Flipkart
IBM	Johnson & Johnson	Mahindra & Mahindra	Barclays Bank
Deloitte	Goldman Sachs	ITC	Samsung
Tata Steel	American Express	Citi Bank	Hindustan Unilever Limited
Philips	KPMG	MakeMyTrip India Pvt. Ltd.	Capgemini
Godrej & Boyce	Glaxo Smithkline Consumer Ltd (GSK)	Pidilite Industries	Nestle India