Bangalore (Karnataka ) [India], February 16 (ANI/BusinessWire India): The Open Group, the vendor-neutral technology consortium, today announced the formation of the INITIATE Work Group, a Work Group of The Open Group.

MUMBAI India Jan 27 2022 PRNewswire -- Bharatiya Vidya Bhavans SPJIMR recently announced the successful completion of final placements for its PGDM Class of 2022 in a record number of process hours with huge corporate participation The placement process solidified the deep relationship of the Institute with the corporate sector with the number of companies onboarded and the speed of offer rollouts It also reflected the trust in the value-based leadership style of the SPJIMRs MBA participants who have the courage and heart to take up challenging roles across domains The entire placements exercise was conducted online using a variety of platforms and protocols to meet the convenience and security needs of the participating companies Consulting emerged as the top recruiting sector with offers rolled out to 38 per cent of the batch of 238 participants This built on a trend of increased offers year on year from premier management consulting companies making SPJIMR a preferred campus for the consulting domain The average annual salary cost-to-company this year stands at INR 3205 lakhs per annum marking a jump of around 23 over the number reported last year The median annual salary came in at INR 3010 lakhs per annum with over 59 percent of the batch securing offers above INR 30 lakhs per annum and over 87 percent in excess of INR 25 lakhs per annum With the increasing intake by the consulting companies offers were rolled out to 91 students the highest ever reported by SPJIMR for a batch The participanting companies included Accenture Strategy Alvarez Marsal Bain Co Boston Consulting Group Deloitte GEP KPMG Miebach and PwC US Advisory among others The FMCG sector was also a major recruiter and made offers to over 22 per cent of the batch Top recruiters in this sector included Asian Paints Colgate-Palmolive Hindustan Unilever ITC Kimberly Clark LOral Marico Mondelez Procter Gamble and Reckitt among others This was closely followed by offers in the Private Equity BFSI Tech and E-commerce sectors that saw companies like Amazon American Express Avendus Axis Capital Flipkart GEF Capital Goldman Sachs Info Edge JM Financial Microsoft MMT and PayTM among others participating in the process General Management roles were offered by leading recruiters like Capgemini ELITE Mahindra GMC and Tata Administrative Services In addition to the regular recruiters SPJIMR onboarded 75 first-time recruiters from various sectors This placement season saw a record number of Pre-placement offers with over 52 of the batch receiving PPOs via autumns internships and corporate competitions with leading companies like Amazon Accenture Strategy Boston Consulting Group Colgate-Palmolive Hindustan Unilever Intuit Procter Gamble and Tata Administrative Services among many others Factors such as changes in the business environment as well as the well-preparedness of the students for their autumns internships helped in the increase in the number of offers Autumns internships typically take place in the months of September-October where the students complete their specialisation courses prior to the internship thus making them more prepared for the challenging projects Prof Sajeev A George Chairperson PGDM said We are delighted to see the superb placement outcomes Its a validation of our continued emphasis on currency of the curriculum and pedagogical innovations The hard work of our students and the commitment of our faculty and staff have helped us achieve this record breaking feat Prof Abbasali Gabula Associate Director - External Relations said We faced special challenges this placements session particularly as the institute re opened and then closed again with the third wave of the pandemic Our teams readjusted quickly the students came together and as a team we ensured that the seasons performance was one of the best we have seen in recent times A brief on the companies visiting Consulting IT Consulting This years placement process saw a huge intake of students by the consulting domain making it the largest recruiting sector by rolling out offers to over 38 of the batch The domain saw participation from industry leaders that included Accenture Strategy Alvarez Marsal Bain Co Boston Consulting Group Deloitte GEP KPMG Miebach and PWC US Advisory among others FMCG FMCG sector continued to be a major recruiting sector at SPJIMR with over 50 offers made by industry giants like Asian Paints Colgate-Palmolive General Mills Godrej Hindustan Unilever ITC Kimberly Clark LOral Marico Mondelez Nestle Pidilite Procter Gamble and RB They offered roles across Sales Marketing Corporate IT Corporate Finance and Supply Chain Operations BFSI SPJIMR witnessed the participation of international and domestic finance companies like American Express Avendus Axis Capital GEF Capital Goldman Sachs Incred JM Financial and PayTM among others rolling out 20 offers Around 20 of the Finance batch landed offers in Investment Banking and Private Equity roles E-commerce The E-Commerce industry brought in 30 offers to the PGDM Class of 2022 by industry leaders like Amazon and Flipkart Recruiters offered students roles in various domains including the leadership pipeline thereby providing multiple options to the participants Product Management SPJIMR saw an increase in the number of recruiters offering Product Management roles A total of 23 offers were accepted in total from recruiters like Microsoft Intuit Tata Digital Amazon Info Edge Make My Trip PayTM Samsung Research and Godrej Housing Finance Approximately 30 of the Information Management specialisation accepted Product Management roles General Management and Leadership roles General Management and Leadership positions offer cross-domain exposure to enable candidates to grow into leadership roles This year conglomerates like Capgemini ELITE Mahindra GMC and Tata Administrative Services are among the top recruiters in this category PGDM Class of 2022 Placements - An Overview Participants in the Batch 238 Number of companies participating 70 Number of first-time recruiters 33 Total Number of Pre-Placement Offers 123 Median Salary 3010 LPA 20 increase compared to last year Average Salary 3205 LPA 23 increase compared to last year Highest Salary 5316 LPA 14 increase compared to last year Key Highlights 14 of offers equal to or greater than INR 40 LPA 30 of offers equal to or greater than INR 35 LPA 59 of offers equal to or greater than INR 30 LPA 87 of offers equal to or greater than INR 25 LPA Autumns Internship Highlights Number of companies 52 Number of new companies 27 Average Stipend for 2 months INR 261000 Median Stipend for 2 months INR 280000 Maximum Stipend for 2 months INR 400000 About SPJIMR Bhavans SP Jain Institute of Management Research SPJIMR httpwwwspjimrorg is a constituent of the Bharatiya Vidya Bhavan and is ranked among the top ten business schools in India As a premier school of management SPJIMR is noted for pedagogic innovations and pioneering programmes which have helped the Institute stand out for its unique and distinctive path in management education SPJIMRs mission is to influence practice and promote value-based growth The Institute currently operates from its 45-acre campus in Andheri Mumbai and a campus in New Delhi To avoid confusing us with any other institution look for the five strokes logo and the Bharatiya Vidya Bhavan association Contact Mr Abbasali Gabula abbasspjimrorg 91-9821362495 Associate Director External Relations SP Jain Institute of Management Research Logo httpsmmaprnewswirecommedia1535594SPJIMRLogojpg PWR PWR