SPJIMR Autumn Internship: Rs 3.15 lakh average stipend offer; 340 offers received

NEW DELHI: The SP Jain Institute of Management and Research (SPJIMR) has concluded its autumn internship for its PGDM and PGDM (BM) 2024 batch. The batch comprising of 295 students, according to an official statement, achieved a noteworthy feat by securing autumn internships in top companies with outstanding success, attaining an average stipend of Rs 3,15,000. 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 3,00,000, while the average stipend witnessed a remarkable 7% increase over the previous year. The top 50% of the batch received an average offer of Rs 3,77,000, and the top 20% secured an average offer of Rs 4,25,000.

FMCG emerged as the dominant sector, with 37% of the participants placed in this industry, followed by consulting companies with 25% of the batch.

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The number of offers in investment banking and 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 the tech industry, the number of product roles offered remained steady compared to the previous year, it added.

The internship cycle this year saw about 28% of first-time recruiters participating. Some notable new names in SPJIMR's portfolio include Amagi Labs, BlinkX, DarwinBox, Investcorp, PhonePe, The Rohatyn Group, among others.

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The other recruiters representing diverse sectors included 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 institute statement added.

The recruitment process this year saw a mix of offline and online means, with some companies opting for hybrid methods.

Saying that the support of industry partners for the Autumn internship at SPJIMR demonstrates the commitment to develop a leadership pipeline for the future, Dr Renuka Kamath, Associate Dean (Full-Time Programmes), SPJIMR said: “We are proud to provide that pipeline with SPJIMR students who develop solutions that cut across knowledge streams and get the job done.”

Dr Sajeev Abraham George, PGDM and PGDM(BM) Programme Chair said, “It gives us great satisfaction to see the continued faith in our students from the recruiting companies for the autumn internships. The projects undertaken by our students will enable them to get an immersive understanding of the demands of the industry and apply their learnings to help add superior value for these companies.”