SPJIMR Autumn Internship: Rs 3.15 Lakh Average Stipend Offer; 340 Offers Received

New Delhi: The S.P. Jain Institute of Management and Research PGDM and PGDM 2024 cohort at Bharatiya Vidya Bhavan, which consists of 295 students, accomplished a notable milestone by winning autumn internships in prestigious businesses with exceptional success, earning an average salary of Rs 3,15,000. 

FMCG companies and consulting firms placed second and third, respectively, out of 53 companies' 340 offers for the batch in the placement drive at SPJIMR. .

The batch's median salary exceeded Rs 3,00,000, while the average stipend increased by an astounding 7% over the previous year. The average offer made to the top 50% of the class was Rs 3,77,000, and the average offer made to the top 20% was Rs 4,25,000.

In addition to corporate finance, corporate IT, general management, analytics, investment banking, private equity, product management, product marketing, programme management, sales & marketing, and supply chain, the other recruiters come from a variety of industries.

A distinctive feature of SPJIMR's two-year full-time curricula is the opportunity for students to participate in corporate internship programmes during their second year of study through its autumn internships.

This year, the hiring process used a combination of offline and online approaches, with some businesses choosing hybrid ones.

 

“The commitment to building a leadership pipeline for the future is evidenced by our industry partners' sponsorship of the SPJIMR internship programme this autumn. We take pride in supplying that pipeline with SPJIMR students that create solutions that bridge knowledge streams and effectively complete tasks.” said Dr Renuka Kamath, Associate Dean (Full-Time Programmes), SPJIMR.

Dr Sajeev Abraham George, PGDM and PGDM(BM) Programme Chair said, “The recruiting firms' continuous belief in our students when they apply for internships in the autumn fills us with great happiness. Our students' projects will allow them to gain a thorough awareness of the demands of the market and apply what they learn to improve the value for these businesses.”

With 37% of the participants working in this area, FMCG emerged as the leading sector, followed by consulting firms with 25% of the group.

Over a 100% increase from the prior year, the number of offers in investment banking and private equity reached a record high. This industry also received new recruiters. Despite a slowdown in the tech sector, there were about the same number of product roles available as there were the year before.

This year, around 28% of first-time recruiters participated in the internship cycle. Amagi Labs, BlinkX, DarwinBox, Investcorp, PhonePe, and The Rohatyn Group are a few of the significant new companies in SPJIMR's portfolio, among others.

In accordance with an Autumn's Cycle, SPJIMR participants are given advance notice about internship projects from visiting companies.

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