The later downloadable report is the source for the headline. The earlier press release reports ₹33.75 lakh average, ₹32.85 lakh median and ₹75 lakh highest; those values are not silently mixed into the report.
The selected 2026 report is institute-reported. An audited report for another graduating year does not make this report audited.
Final placement report 2026 — PDF p. 3, Finals at a Glance: 356 participants, ₹33.7 lakh average, ₹32.8 lakh median, ₹80 lakh highest, 81 companies.
PGDM fee structure — ₹24.86 lakh indicative Indian-participant fee, including tuition and basic accommodation; optional GFT/exchange costs excluded.
SPJIMR in Mumbai offers two-year PGDM and PGDM (BM) programmes. The 2026 final placement report covers a combined cohort; its figures differ from the earlier press release. SPJIMR is ranked 20 in NIRF Management 2025.
SPJIMR Placements 2026 — Average Package, Sectors & Top Recruiters
Placement headline — Batch 2026 · PGDM · institute-reported data
₹33.7 LPA
Reported average (CTC)
₹32.8 LPA
Reported median (CTC)
₹80 LPA
Highest reported (CTC)
81
Companies
356
Total Offers
356
Batch Size
8-year placement trend
2019 BATCH
₹22.9 LPA
avg
2020 BATCH
₹22.03 LPA
avg
High: ₹33.56 L
2021 BATCH
₹22.69 LPA
avg
High: ₹39.8 L
2022 BATCH
₹31.64 LPA
avg
High: ₹53.14 L
2023 BATCH
₹32.84 LPA
avg
High: ₹77.88 L
2024 BATCH
₹33.36 LPA
avg
High: ₹84 L
2025 BATCH
₹31.21 LPA
avg
High: ₹89 L
2026 BATCH
₹33.7 LPA
avg
High: ₹80 L
Sector breakdown by placement %
Consulting41%
E-commerce/Big Tech/Digital Platform12%
Fintech/NBFC/BFSI/Wealth12%
FMCG/D/Healthcare19%
Product Management/Conglomerates8%
Investment Banking3%
Others5%
Top recruiters
13 firms
Accenture Strategy
Consulting
Deloitte
Consulting
PwC
Consulting
HUL
FMCG
Mondelez
FMCG
Marico
FMCG
HSBC
Finance/IB
Morgan Stanley
Finance/IB
Nomura
Finance/IB
American Express
Product/IT
Microsoft
Product/IT
Aditya Birla Group
General Management
SPJIMR Fees — Total Cost, Scholarships & Education Loans
SPJIMR fee breakdown
Tuition fee
Included in indicative programme fee
Library, computing, materials
Optional GFT/exchange and personal costs extra
Total programme fee
₹24.86 L
Monthly living (on-campus)
Basic accommodation included; budget other living costs separately
Education loan available
—
Loan interest rate
—
Fee-to-package comparison: ₹24.86 L equals 8.9 months of the reported ₹33.7 L annual package. This is not a repayment forecast: tax, living costs, loan interest, foregone earnings and variable pay are excluded.
Scholarships available
Need-based financial assistance
Assessed using financial need, academic performance and conduct
Partial or full tuition support, subject to selection
Mirae Asset Foundation scholarship
Eligible PGDM students with family income below ₹8 lakh; see institute guidelines
₹5 lakh for selected recipients
Education loans available from public + private banks.
SPJIMR Admission 2026-27 — Eligibility, Cutoffs, Selection Process & Important Dates
India's most reputed private B-school · founded 1981 under Bharatiya Vidya Bhavan. AACSB + AMBA dual accreditation. CAT 2025 OR GMAT accepted. UNIQUE specialisation-first model — students apply for 1 of 4 specialisations directly. Distinctive social-impact programmes (Abhyudaya · DoCC) + INTEX international exchange.
Programmes
PGDM (Specialisation-first)
4 deep specialisations · 240 seats total · Andheri West Mumbai
Sectional + total percentile minimums from the official admission policy. Meeting the cutoff is the FIRST gate — final selection depends on the composite score.
How selection works
Stage 1 — Shortlisting for PI
CAT / GMAT Score40%
Class 10 + 12 Academics10%
Graduation Marks10%
Work Experience15%
Profile Versatility & Achievements15%
Academic + Gender Diversity10%
Stage 2 — Final selection (post-PI)
CAT / GMAT Score30%
Personal Interview (PI)30%
Group Interview (GI)15%
SPJAT (online assessment)10%
Profile + Diversity15%
Eligibility + Exam details
Who can apply
Educational: Bachelor's degree with ≥50% marks or equivalent CGPA in any discipline from a recognised university.
Cat Required: CAT 2025 OR GMAT (both accepted) for PGDM and PGDM-BM.
Work Ex: Both fresh graduates and candidates with maximum 5 years of work experience can apply. SPJIMR specifically caps work-ex at 5 years (rare among top B-schools).
Detailed selection process — what to expect at each stage
01
CAT 2025 or GMAT
Either test accepted · eligibility gate · Nov 30 2025.
02
Profile + specialisation choice
Application includes specialisation preference (Finance · IM · Marketing · Ops & SCM) plus essays.
03
SPJAT (online)
Assesses leadership · ethics · management aptitude via online assessment.
Deep profile + motivation assessment by faculty + industry panel.
06
Final composite
Specialisation-wise merit list combines all stages · final offers April 2026.
Batch profile — Class PGDM 2024-26
240 PGDM students per batch + 52 PGDM-BM students. 35% female (one of the higher female ratios among top non-IIMs). 80% have work experience. SPJIMR accepts candidates with 0-5 years work-ex (max 5 years is a unique cap among top B-schools).
Reservations & diversity: GoI policy: 27% NC-OBC · 15% SC · 7.5% ST · up to 10% EWS · 5% PwD
SPJIMR Financial Aid 2026 — Loans, EMI Options & Scholarships
SPJIMR scholarships — published categories
Need-based financial assistance
Assessed using financial need, academic performance and conduct
Partial or full tuition support, subject to selection
Mirae Asset Foundation scholarship
Eligible PGDM students with family income below ₹8 lakh; see institute guidelines
₹5 lakh for selected recipients
SPJIMR Programs — Fees, Duration & Eligibility
Program
Duration
Total Fees
Intake
Exam
Notes
PGDM (Post Graduate Diploma in Management)
2 years · 6 terms · residential
₹24.86 L indicative
May
CAT or GMAT mandatory
Two-year residential PGDM; fee includes tuition and basic accommodation. Optional GFT/exchange expenses are additional.
PGDM-BM (Business Management)
2 years · 6 terms · residential
See current PGDM (BM) fee schedule
May
CAT or GMAT mandatory
Two-year residential PGDM (BM); admission and programme rules differ from the one-year/experienced-professional routes.
Post Graduate Programme in Management (PGPM)
18 months · full-time
See official PGPM fee schedule
May
See current PGPM admission policy
Full-time programme; not the two-year weekend PGPGM executive programme.
FMB (Family Managed Business)
15 months · residential
~₹18 L
May
GMAT/CAT/XAT + family business background
Specialised programme for sons/daughters of family business owners · prepares next-gen to scale family enterprises
SPJIMR Campus — Infrastructure, Hostels & Student Life
Campus facts
Area
Bhavan's Campus, Andheri West, Mumbai · part of the larger Bharatiya Vidya Bhavan complex
Dormitories
On-campus residential · mandatory for PGDM/PGDM-BM dorms · 350 students
Architecture
Modern academic architecture integrated with Bharatiya Vidya Bhavan heritage campus
Heritage
44-year legacy since 1981 · founded under Bharatiya Vidya Bhavan (a national educational and cultural institution since 1938)
Student clubs
30 active clubs
Life highlights
Located in Andheri West, Mumbai — India's financial + corporate hub (BKC, Worli, Nariman Point all reachable)
Walking/driving distance to McKinsey, BCG, Bain, JPMC, Goldman Sachs, HUL, ITC, Asian Paints Mumbai offices
AACSB + AMBA dual accreditation + NBA + AICTE
4 deep specialisations (Finance, IM, Marketing, OSCM) — not generalist MBA
9-week INTEX international exchange (Europe / USA)
3-week Global Fast Track (GFT) at Esade Barcelona and other top globally-ranked B-schools
Abhyudaya — year-long mentoring of underprivileged children (unique to SPJIMR)
DoCC — 4-week rural immersion programme
ADMAP — committee-based experiential leadership development
PG Lab (Personal Growth Lab) — leadership + team skills via psychometric tests
Bharatiya Vidya Bhavan heritage — "Science of Spirituality" core courses
Faculty
80+
full-time faculty
Student-faculty ratio: ~10:1
PhDs from IIMs, IITs, US/UK/European universities + senior practitioners from Indian and global industry (20%+ practitioner-led teaching)
Hostel & Residence
On-campus residential · single/double rooms
Wi-Fi, study spaces, mess, common rooms, library access · 24/7 academic infrastructure
Hostel/accommodation included in the ₹22.5 L total fee for Indian students. All PGDM/PGDM-BM students stay on-campus during the 24-month programme.
Exchange partners
10+
international B-schools
Including Esade Business School, Barcelona, IESE Business School, HEC Paris, Bocconi, Rotterdam School of Management, and more.
SPJIMR Notable Alumni — Leaders, Founders & Industry Veterans
Alumni network
13,000+ alumni since 1981 across PGDM, PGDM-BM, PGPM, PGMPW, FMB, GMP
Active chapters in Mumbai, Delhi NCR, Bangalore, Hyderabad, Chennai, Kolkata, Pune, USA (Bay Area, NYC, Boston), UK (London), Singapore, UAE, Australia
Annual Alumni Day. OJAS Management Fest. Strong mentorship via class-level alumni networks. Active alumni-recruiter-faculty interface drives 110 PPOs annually.
Bhavish Aggarwal
Industry leader · Mumbai connection
Co-Founder & CEO, Ola Cabs · Founder, Krutrim AI
Building Ola Group across mobility, AI, and electric vehicles. Mumbai's most prominent startup founder.
Manjul Bhargava
SPJIMR research scholar
Fields Medalist, Princeton University
Among the most distinguished alumni from SPJIMR's research ecosystem.
Rohit Sharma
PGDM
Senior leadership at Accenture Strategy
Multi-decade Accenture leader for Indian consulting practice.
Shibani Ghosh
PGDM
Senior leader at HUL — Marketing
SPJIMR Marketing specialisation graduate now in senior HUL Marketing role.
Anuj Kapuria
PGDM
Founder, The HiHi · CEO, The Hi-Tech Robotic Systemz
Robotics entrepreneur and recognised among India's top robotic engineers.
Manu Jain
PGDM
Former MD, Xiaomi India · Currently at Meta
Scaled Xiaomi to India's #1 smartphone brand. Now at Meta India.
Sandeep Murthy
PGDM
Partner, Lightbox Ventures
Senior VC partner at Lightbox, backing Indian consumer startups.
Falguni Nayar
PGDM
Founder & CEO, Nykaa
Built Nykaa from scratch to a publicly-listed beauty + e-commerce platform. India's most successful female founder.
Rajan Anandan
PGDM
MD, Sequoia Capital India · Former VP, Google India
Senior tech and VC leader. Built Google India and now leads Sequoia's India investments.