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From the official press release:
PLACEMENTS – PGDM CLASS OF 2007
(One Year Full Time MBA)
The one year PGDM program of the SP Jain Institute of Management & Research scripted a fantastic success story with placements touching dizzying heights for the Class of 2007. The placement for the participants was conducted from 6th – 8th Dec 2006 and has been a resounding success with 32 companies giving a total of 135 offers to 57 participants.
The highlight of the placements was the first offer of the first day being the highest salary offer of Rs 24.35 Lakhs. The booming and the fast growing economy saw an unprecedented number of companies vying to recruit the experienced professionals of the one year program.
The Class of 2007 has 58 students, of which 57 participated in the Placements Process. 55 companies showed initial interest in participating in the placement process and finally 41 companies participated in the placement process with 33 companies making a total of 138 offers. The average salary offered to the participants was INR 11.35 Lakhs. A significant number of the participants saw phenomenal rise in their salaries from their previous professional portfolios. The average increase in salaries for the participants was 70%, which translates into an average salary increase of Rs 5.15 Lakhs, a little less than the program fee of Rs 5.53 Lakhs. The four women participants of the program also saw a roaring success with more than 15 confirmed offers to choose from.
Several of the blue chip companies, like Infosys, Satyam, Reliance Retail, Mphasis, ICICI and Covansys offered more than 10 offers each to the participants. Some of the conglomerates participating in the placement process were IBM, McKinsey KC, SAP, Cognizant Technologies, L & T and TCS.
The participant with the highest salary offer and more than a decade of experience in the process industry had this to say, “After having worked in the industry for so many years, I had a feeling that my career was progressing at a slower pace than I would have liked to and this drove me to join SPJIMR. My one year at the institute has been one of intense academic rigour and I am specially impressed by the innovative program architecture and the structured approach of SPJIMR to the One year PGDM program. I am especially enthralled by the fact that my decision to join SPJIMR over other foreign B Schools has been proved so correct. I am excited about the forthcoming challenge and the responsibility and looking forward to use my learning.”
The participant with the highest quantum jump in salary package of 342% over the last package, says, “Working for a leading industrial house in the field of Manufacturing was a pleasant experience, but I strongly felt the need for a Business Management education for an accelerated growth of my professional track. Today I am thrilled & excited to have received an offer from one of the leading global consultancy firms, where I would be able to leverage my previous experience and contribute effectively on a global platform.”
Professor Sunil Rai, Chairperson of the PGDM program, had this to say, “A number of participants had chosen to join SPJIMR’s PGDM program looking for value addition at a critical juncture of their professional careers. The PGDM program architecture was designed on the SPJIMR ethos of value based and dynamically innovative pedagogy. This is the only one year program in the country to offer specialisations in Information Management and Operations & Manufacturing. This makes the SPJIMR PGDM program a sought after program to help professionals to explore advancements and career shifts successfully. Some of the dramatic career shifts made by participants of the program include: A lady participant from the Merchant Navy joining one of the retail giant”.
The lady participant from the Merchant Navy, Sonika Joshi, the first woman Officer Cadet from India, had this to say, “I feel that this dramatic career shift from the Merchant Navy to high growing Retail Business area would not had been possible without the extremely valuable inputs and training I received at SP Jain. I feel that my people and project management skills from my professional experience and the business knowledge from SPJIMR will propel me to great heights.”
Prof. Abbasali Gabula, Chairperson, External Relations and Placements said, “SPJIMR plans to drive the one year program to a greater milieu of professionals by adding diverse but relevant courses as elective from Jan 2008. The institute strongly feels that the huge growth of economy and the rapid industrialisation will need an unprecedented number of managers empowered with the learning of a management education and endeavours to meet a significant number of these requirements of the industry.”
The PGDM program at SPJIMR has received the appreciation of the industry and has lived up to its promise of providing the corporate with highly experienced and focused mid-level managers with modern outlook.
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