SPJIMR completes virtual autumns internship process for the PGDM Class of 2022
Mumbai: Bharatiya Vidya Bhavan’s S.P. Jain Institute of Management and Research (SPJIMR) has successfully closed the autumns placements for the two-year full time PGDM programme Class of 2022. The placements process, which was entirely online, saw enthusiastic participation from corporates and a jump in the stipends on offer compared to the last two years. The performance signalled return of demand after a series of lockdowns and a recognition that online hiring and working are here to stay as the new normal.
The SPJIMR autumns internship process saw participation from 52 recruiters, who cumulatively rolled out over 260 offers for 238 participants from the PGDM Class of 2022 across industries like BFSI, e-commerce, FMCGs, pharmaceuticals and consulting.
The results came at a time when businesses are slowly returning to full operations amid worries of a possible third wave of the Covid-19 pandemic hitting the nation. The hiring reflected a sense of cautious optimism over economic recovery as pent up demand kicks-in, fuelling a new growth cycle in the aftermath of forced lockdowns.
The key highlight of the season was the hike in terms of compensation offered and diversity of roles. Companies adopted creative means to screen candidates online using gamified experiences as one of their selection rounds. Simulations such as group discussions and interview panels were replicated virtually, with seamless ease.
The season brought 27 new recruiters on the SPJIMR campus and saw the average and median stipend move up despite challenging market conditions.
“We are delighted to report this performance in times that continue to be challenging. The results reinforce SPJIMR’s standing, the strength of our corporate relationships and the performance of our students,” said Abbasali Gabula, Associate Director (External Relations), SPJIMR.
Dr Sajeev Abraham George, PGDM Programme Chair, said, “The enhanced autumns placements outcome in these difficult times is greatly encouraging. We are confident that our students will be able to apply their learnings to create value for the companies through these internship projects. We shall continue to focus on our curriculum and pedagogy to achieve superior learning outcomes for our students.”
FMCG continued to be the most dominant sector in terms of the number of hires with 33% per cent of the participants placed in this sector.
The median compensation for offers with stipends for the two-month internship clocked in at a remarkable INR 280,000, seeing a growth of 16.67% compared to 2019, a non-Covid year. The average stipend soared above INR 261,000, clocking a growth of nearly 30% compared to year 2020 and 16.07% compared to year 2019. More than half of the batch received offers of INR 260,000 and above and more than 95% of the batch had offers above INR 200,000.
The autumns placements process is an innovation which enables SPJIMR participants to take up an internship after they have completed the specialisation courses, and after they have completed social internships that help them work and learn in unstructured environments. The rounded exposure is a part of the unique journey of SPJIMR’s PGDM, the two-year, full-time MBA equivalent Post Graduate Diploma in Management.
The autumns process thus allows companies to recruit SPJIMR participants who are:
a) Better equipped in terms of technical knowledge because they have completed their specialisation phase in the fields of marketing, information management, finance and operations and supply chain, and
b) Ready in terms of digital adoption and can deliver to full potential when working remotely as the first year of MBA was completely online.