SPJIMR Class of 2028 records 100% summer internship placements, median stipend rises 17%

Bharatiya Vidya Bhavan’s S P Jain Institute of Management & Research (SPJIMR) has recorded 100% summer internship placements for its Class of 2028, with the median monthly stipend increasing 17% to ₹2 lakhs.

All 365 students participating in the summer internship cycle secured internships, while the highest stipend increased 20% to ₹3 lakhs per month. The average stipend also rose 12% to ₹1.86 lakhs per month, compared with ₹1.66 lakhs for the Class of 2027.

The summer internship cycle covered SPJIMR’s two flagship two-year programs, the Post Graduate Diploma in Management (PGDM) and Post Graduate Diploma in Management Business Management (PGDM (BM)).

Prof Varun Nagaraj, Dean, SPJIMR, said, “An internship is a student’s first real conversation with the world of work. What gratifies us this year is its breadth: every student placed, across consumer businesses, consulting, finance, technology and healthcare. Our purpose is to shape leaders who are willing to roll up their sleeves, work through ambiguity and create value for the right reasons. This cycle suggests that industry sees those qualities in our students.”

SPJIMR summer internship highlights

More than half of the batch secured a monthly stipend of ₹2 lakhs or more. The top 20% of students received an average stipend of ₹2.44 lakhs per month, while the average for the top 50% stood at ₹2.18 lakhs.

The increase extended across the batch, with the median stipend rising 17% and the overall average increasing 12%. SPJIMR said the results indicate broader demand for its students rather than growth being driven only by a small number of high-value offers.

Key figures at a glance

The Class of 2028 recorded 365 placements, compared with 361 for the previous batch. The number of participating companies also increased from 81 to 91.

Prof Renuka Kamath, Associate Dean, Full-time Programmes, said, “True institutional excellence is measured not just by milestones, but by the meaningful trajectory of our participants’ careers. As our students begin this journey, they carry with them the SPJIMR ethos: to drive performance with integrity and build businesses that create value for society.”

37 first-time recruiters

As many as 37 of the 91 participating companies recruited from SPJIMR for the first time, compared with 22 first-time recruiters for the Class of 2027.

The new recruiters included Amgen, Bajaj Auto, Britannia, Citi, D E Shaw & Co, Danone, DBS, Flipkart, Galderma, IBM, IDFC FIRST Bank, Kenvue, Kotak, NeoLiv, o3 Capital, SKF, Warner Bros. and Axis Bank.

FMCG and Consumer companies accounted for the largest share of placements at 33.1%. Consulting contributed 23.5%, while BFSI accounted for 20.2%.

General Management and Conglomerate roles represented 7.6% of placements, followed by Technology, E-Commerce and Product roles at 5%. The remaining 10.6% of placements came from sectors including Automotive, Pharmaceuticals, Media, Energy, Real Estate, Engineering, Healthcare and Biotech.

Prof Ashita Aggarwal, Chairperson, PGDM and PGDM (BM), added, “Repeat recruiters show loyalty. First-time recruiters show conviction. Thirty-seven companies came to us for the first time this year, and they came for what our students bring: rigour, resilience, and a sense of responsibility.”

The institute said it evaluates the success of its placement outcomes not only through stipend levels but also through the longer-term career trajectories of its graduates.

SPJIMR's position in the Financial Times Masters in Management ranking, where it is ranked No 2 globally for Careers Service, reflects its focus on career development and the outcomes achieved by its alumni.

The Class of 2028 will now begin their professional journeys with summer internship experience across sectors including consumer businesses, consulting, finance, technology and healthcare.