Bhavan's S.P. Jain Institute of Management & Research Placements 2021
Grade A · auditedIn 2021, Bhavan's S.P. Jain Institute of Management & Research reported a median package of ₹22.1L and an average of ₹22.69L (MEP basis), with the highest offer at ₹39.8L across 71 recruiters — from Final Placement Report 2019-21, audited by CRISIL Limited. Nothing estimated · CRISIL-audited IPRS v2.2; Ref BJ/ED/SPJIMR/2023/CH1246 dated 2023-03-20; no UDIN printed. Headline mean/median/highest are on Maximum Earning Potential (MEP) basis; TGCC mean 19.87. Acceptance for 42 of 232 could not be verified. Brochure (b) '2021 PGDM Placement Report' differs: 233 participants, avg 26.06, median 25.00, highest 46.65, 131 companies, 75 first-time, 79 PPOs..
Grade A · auditedSource: Final Placement Report 2019-21 (2023-03) · audited by CRISIL Limited · reported basis: MEP ·
how we verify → Average
₹22.69L
guaranteed cash
+3.0% vs 2020
Median
₹22.1L
guaranteed cash
+3.5% vs 2020
Highest
₹39.8L
+18.6% vs 2020
Two salary heads — what's guaranteed vs what you can earn
Guaranteed (TGCC) — avg ₹22.69L · median ₹22.1L
Max-earning (MEP) — avg ₹22.69L
TGCC is the audited fixed floor; MEP adds the maximum variable/bonus and is the number most schools quote as "CTC". We show both so nothing is oversold.
Salary by component · 2021
Every salary head the report discloses, in ₹ lakh — nothing estimated, undisclosed cells show “—”.
| Component | Min | Median | Mean | Max |
|---|
Fixed | ₹8.84L | ₹17.97L | ₹17.48L | ₹29L |
Total guaranteed cash Fixed cash + one-time — the audited floor | ₹8.84L | ₹19.47L | ₹19.87L | ₹29.6L |
Max earning potential Ceiling incl. variable, ESOPs, all components | ₹11.11L | ₹22.1L | ₹22.69L | ₹39.8L |
CTC | — | ₹25L | ₹26.06L | ₹46.65L |
Which sectors hired in 2021
Offers by sector, with median pay on the guaranteed and max-earning bases.
| Function | Offers | Median (guaranteed) | Median (max-earning) |
|---|
| Consulting | 82 | ₹19.32L | ₹19.32L |
| FMCG | 42 | ₹27L | ₹27L |
| BFSI | 33 | ₹19.2L | ₹19.2L |
| E-commerce | 29 | ₹25.05L | ₹25.05L |
| Information Technology (IT) | 20 | — | — |
| Others | 10 | ₹18.23L | ₹18.23L |
| Healthcare | 5 | ₹19.18L | ₹19.18L |
| Real Estate | 4 | ₹24.5L | ₹24.5L |
| Manufacturing | 3 | ₹21L | ₹21L |
| Travel & Tourism | 2 | ₹18.5L | ₹18.5L |
| International - Others | 2 | — | — |
What roles the 2021 batch took
Offers by job function, with median pay on both bases.
| Function | Offers | Median (guaranteed) | Median (max-earning) |
|---|
| Consulting | 78 | ₹19.32L | ₹19.32L |
| Marketing/Sales | 62 | ₹20.88L | ₹20.88L |
| General Management | 37 | ₹24.51L | ₹24.51L |
| Finance | 27 | ₹20L | ₹20L |
| Operations/Supply Chain | 15 | ₹26.49L | ₹26.49L |
| Systems/IT | 11 | ₹23.2L | ₹23.2L |
| International - Operations/Supply Chain | 2 | — | — |
The 2021 batch, profiled
Composition as disclosed in the report.
status
2f. Sought placement outside the campus placement process4
Also disclosed in 2021
0.5One-time cash payments min8One-time cash payments max3.65One-time cash payments mean3.9One-time cash payments median0.85Performance linked compensation (max) min8.21Performance linked compensation (max) max2.97Performance linked compensation (max) mean2.36Performance linked compensation (max) median0.22Other payments min4.36Other payments max1.25Other payments mean1.08Other payments median
Top recruiters in 2021
Deloitte USIPwC US AdvisoryAccenture StrategyBain & Co.Boston Consulting GroupEY GDSGEPIBM ConsultingInfosys ConsultingKPMGAsian PaintsColgate-PalmoliveGeneral MillsHindustan UnileverJohnson & JohnsonL'OréalMaricoNestlePidiliteProcter & GambleRBHimalayaGSK Consumer HealthAmerican ExpressCitiHSBCBajaj FinservIDFC First BankICICI BankPayTMYes BankAxis CapitalJefferiesNomuraDE ShawICICI Prudential AMCAmazonCloudtailFlipkartGo-MMT
Frequently asked questions
What was Bhavan's S.P. Jain Institute of Management & Research's average placement package in 2021?
In 2021, Bhavan's S.P. Jain Institute of Management & Research reported a median of ₹22.1L, an average of ₹22.69L, a highest of ₹39.8L. Figures are institute-reported; nothing is estimated.
Did Bhavan's S.P. Jain Institute of Management & Research placements improve in 2021?
Versus 2020, the median moved +3.5%.
How many companies recruited at Bhavan's S.P. Jain Institute of Management & Research in 2021?
71 recruiters hired from the 2021 batch, including Deloitte USI, PwC US Advisory, Accenture Strategy.
Figures from Bhavan's S.P. Jain Institute of Management & Research's official 2021 placement report. Undisclosed values show "—".
Cite this page · free with attribution
Bhavan's S.P. Jain Institute of Management & Research placements 2021 — Collvera Placement Index (verified from Final Placement Report 2019-21, audited by CRISIL Limited). collvera.com/placements/spjimr-mumbai/2021. Accessed 2026-09-08.