SPJIMR's autumn internship: Students receive 340 offers with a record average stipend of Rs 3.15 lakh
Bharatiya Vidya Bhavan's S.P. Jain Institute of Management and Research (SPJIMR)'s PGDM and PGDM(BM) 2024 cohort, comprising 295 students, have bagged autumn internship offers, with an average stipend of Rs 3.15 lakh for two months. The batch received 340 offers from 53 companies, with FMCG enterprises leading the way, closely followed by Consulting firms.
The median compensation of the batch surpassed Rs 3 lakh while the average stipend saw a 7% increase over the previous year. The top 50% of the batch received an average offer of Rs 3.77 lakh and the top 20% secured an average offer of Rs 4.25 lakh. The other recruiters represent diverse sectors, including corporate finance, corporate it, general management, analytics, investment banking, private equity, product management, product marketing, program management, sales & marketing, and supply chain.
The autumn internships offered by SPJIMR are a unique aspect of its two-year full-time programmes, enabling students to engage in corporate internship projects during their second year of studies. The recruitment process this year saw a mix of offline and online means, with some companies opting for hybrid methods. «The support of our industry partners for the Autumns internship at SPJIMR demonstrates the commitment to develop a leadership pipeline for the future,» said Dr Renuka Kamath, Associate Dean (Full-Time Programmes), SPJIMR.
FMCG emerged as the dominant sector, with 37% of the participants placed in this industry, followed by Consulting companies with 25% of the batch. The number of offers in Investment Banking/Private Equity saw a record high with over a 100% increase compared to the previous year, and this sector also welcomed new recruiters. Despite a slowdown in
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