SP Jain salaries rise 30% this year

MUMBAI: Placements at SP Jain Institute of Management and Research (SPJIMR) witnessed an average domestic salary rise of almost 30%. The institute did not disclose the average salary level, estimates put it at Rs 11 lakh. The highest domestic salary this year, offered to Kunal Singh of marketing discipline, is Rs 19 lakh.

Last year the highest salary was 15 lakh. “I have been offered a leadership profile in the company. I will be made to rotate for two years in various departments and projects and eventually will be assigned a profile that accordingly,” says Mr Singh, who has a six-year prior work experience at Castrol India.

The highest international offer this year stood at £43,000 offered by ICICI for a treasury position in UK. The minimum salary this year was Rs 8 lakh compared to Rs 6 lakh in 2006.

“This year there have been many i-banking, PE and niche consulting firms for recruitments which weren’t there in the previous year. Some students are the third or fifth employees here,” says Abbasali Gabula, chairperson, external relations and placements, SPJIMR.

Firms like Accenture, P&G, Asian Paints, BNP Paribas, CSC, Capgemini Consulting, Citibank, Colgate Palmolive, Cadbury, Deutsche Bank, GE India, and Goldman Sachs visited the campus. Among these JM Morgan Stanley, Motorola, Enam, J&J Consumer, and ABN Amro Bank were the first time recruiters.