S.P. Jain Institute of Management and Research (SPJIMR) is a renowned business school located in Mumbai, India. Established in 1981, SPJIMR has consistently been recognized as one of India’s premier management institutions. With its commitment to academic excellence and a unique pedagogical approach, SPJIMR has earned a distinguished reputation both in India and internationally. SPJIMR was founded in 1981 by the Bharatiya Vidya Bhavan, a well-known educational trust in India. The institute was named after Sahu Shreyans Prasad Jain, a prominent industrialist and philanthropist who played a significant role in its establishment. From its inception, SPJIMR aimed to provide quality management education that aligned with the evolving needs of the industry.
In its early years, SPJIMR offered a Post Graduate Diploma in Management (PGDM) program, with a focus on creating managers who not only excelled in their respective fields but also contributed to society. The institute quickly gained recognition for its faculty’s expertise and its unique approach to management education, which emphasized values and ethics alongside business knowledge. As the business landscape continued to evolve, SPJIMR adapted its curriculum and teaching methods to stay relevant. The institute introduced several innovative programs and initiatives during this period. Some notable ones include, Recognizing the importance of family businesses in India, SPJIMR introduced the FMB program to cater to the specific needs of such enterprises. This program offered specialized training and insights to the next generation of family business leaders.
SPJIMR’s social initiative, Abhyudaya, aimed at imparting education to underprivileged children. This program reflected the institute’s commitment to social responsibility and its belief in the transformative power of education. SPJIMR established CEdSS to address the unique challenges faced by the social sector. It provided training and consultancy services to nonprofit organizations and played a crucial role in capacity building within the sector. SPJIMR initiated the GFT program to expose its students to global business practices and perspectives. This program included international internships, study tours, and collaborations with top global business schools.
In the 2010s and beyond, SPJIMR continued to make significant strides in the field of management education. The institute consistently ranked among the top B-schools in India, and its programs gained international recognition. Some key developments during this period include, SPJIMR earned accreditation from the Association to Advance Collegiate Schools of Business (AACSB), a prestigious international accrediting body. This accreditation affirmed the institute’s commitment to global standards of excellence in management education.
SPJIMR expanded its academic portfolio to include various specialized programs, such as the Post Graduate Program in Family Managed Business (PGPFMB), Post Graduate Program in General Management (PGP-GM), and Post Graduate Program in Management (PGPM). The institute consistently achieved high placement rates, with students securing roles in leading companies both in India and abroad. SPJIMR’s alumni network also grew in strength, with graduates occupying leadership positions in various industries. SPJIMR faculty actively engaged in research and published articles in reputable journals. The institute organized conferences and seminars to facilitate knowledge exchange and thought leadership in management.
SPJIMR’s sprawling campus in Andheri, Mumbai, boasts state-of-the-art facilities, including modern classrooms, an extensive library, IT infrastructure, and residential accommodation for students. The campus provides a conducive environment for academic and extracurricular activities. S.P. Jain Institute of Management and Research (SPJIMR) has come a long way since its inception in 1981. With a commitment to academic excellence, innovation in management education, and a strong emphasis on values and ethics, SPJIMR has earned its place as one of India’s premier business schools. Its adaptability to changing business dynamics, dedication to social responsibility, and unique pedagogical approach continue to set it apart in the field of management education.
Highlights
| Particulars | Statistics |
|---|---|
| Established Year | 1981 |
| Campus Size | 45 acres |
| Students Intake | 240 (PGDM), 120 (PGDM BM) |
| MBA Fees | INR 24,00,000 |
| NIRF Ranking 2023 | 20 |
| Number of Courses | 16 |
| Total Faculty | 78 |
| Scholarship | Merit-Cum Means-based financial assistance available and the scholarship available for students selected in the Exchange program |
| Highest Package 2023 | INR 77.88 LPA (International) INR 67.50 LPA (Domestic) |
| Top Recruiters | ITC, Deloitte, HUL, Amazon India, Axis, Flipkart, BCG, KPMG, Goldman Sachs, Nestle, etc. |
Courses and fees
| Courses | Fees |
|---|---|
| PGDM | INR 24,00,000 (2 years) – Indian Students |
| PGDM BM | INR 33,32,000 – International Students |
| PGPM | INR 23,50,000 (1.5 years) |
| GMP | INR 6,93,500 (6 months) + Partner School fees of INR 20 – 60 Lakhs |
| PGMPW | INR 10,95,188 (In-campus) INR 14,52,875 (Hybrid) |
| PGEMP | INR 9,00,000 (21 months) |
| PGPGM | INR 9,50,000 (2 years) |
| EP-BM | INR 4,69,400 (13 months) |
| FPM | No fee charged |
Eligibility and selection criteria
| Course | Eligibility criteria | Selection criteria |
|---|---|---|
| PGDM | Intake: 240 (PGDM), 120 (PGDM-BM) Bachelor’s degree with 50% marks (Candidates in final year can also apply for PGDM/ PGDM BM) | CAT/ GMAT + Personal Interview |
| PGDM BM | ||
| PGPM | Bachelor’s degree with 50% marks and a minimum of 5 years of work experience. | CAT/ GMAT + Personal Interview |
| GMP | Graduation with 55% marks | GRE/ GMAT/ CAT/ XAT/ NMAT + Personal Interview |
Admission procedure
| Admission Stage | Description |
| Application Form | Interested applicants can apply online on the SP Jain website until November 24, 2023. |
| Shortlist for PI | Candidates for the PI will be chosen based on their profiles and CAT or GMAT scores. |
| Personal Interview | Every shortlisted candidate must attend two rounds of the interviews, one online and one in person. |
| Final Selection | The applicant’s profile, academic record, admission exam scores (CAT / GMAT), professional experience, and performance in the two rounds of interviews will be used to make the final decision. |
Cut-off 2023
For the PGDM program, SP Jain accepts CAT and GMAT scores. The candidates must have taken the CAT 2023 and the GMAT between January 1, 2021 and December 31, 2023. The minimum CAT and GMAT cut-offs for PGDM admission are listed in the table below:
| Entrance Test | Overall | VARC | DILR | QA |
| CAT Percentile | 85 | 75 | 75 | 75 |
| GMAT | ||||
| GMAT Percentile | 85 | 75 | 75 | – |
Placements 2023
SP Jain Placements 2023 ended with a 100% placement rate. A total of 63 companies took part in the placement drive and hired 237 students. Over 92% of the jobs were promised a salary of INR 25 LPA or above, with the average salary being INR 33.02 LPA. SP Jain’s top international package was INR 77.88 LPA.
The SPJIMR PGDM and PGDM 2024 class of 295 students received autumn internships at leading firms with an average stipend of INR 3,15,000. The top 50% of the batch, on the other hand, received an average stipend offer of INR 3,77,000. Investment banking/private equity offers increased by more than 100%.
| Particular | PGDM Placements 2023 |
|---|---|
| Total Students participated | 237 |
| Total Recruiters | 63 |
| Highest CTC (International) | INR 77.88 LPA |
| Highest CTC (Domestic) | INR 67.50 LPA |
| Average CTC | INR 33.02 LPA |
| Median CTC | INR 32.89 LPA |
| Top Recruiters | Asian Paints, Hindusthan Unilever Ltd, BCG |
Ranking
SP Jain was ranked 20th among the top management institutes in the country by NIRF 2023. FT Global placed it first in India for Masters in Management in 2023:
| Ranking bodies | Ranked At |
|---|---|
| Financial Times | 1st (Masters in Management – India) |
| Financial Times | 40th (Masters in Management – World) |
| NIRF | 20 out of 100 (Management) |
| IIRF | 4th (Among private colleges) |
| Business Today Ranking | 5th (Top B-School) |
| 1st (All India Private B-school) | |
| 7th for Executive MBA (EP-BM) | |
| 8th for 1-Year MBA (PGPM) | |
| QS Global MBA Ranking | 29 (Asia) |
| QS Global MBA Ranking | 151-200 (World) |
| EDUniversal ranking | 9 (PGDM) |
| 19 (PGEMP) | |
| Fortune India | 8 (All India) |
| 1 (All India Private B-school) | |
| QS Global MBA Ranking | 22 (MBA-Asia) |
How is the placement record at SPJIMR?
SPJIMR consistently achieves high placement rates. Its strong industry connections and a dedicated placement cell help students secure placements in top companies, both in India and internationally.
What programs does SPJIMR offer?
SPJIMR offers a range of programs, including the Post Graduate Diploma in Management (PGDM), Post Graduate Program in Management (PGPM), Post Graduate Program in Family Managed Business (PGPFMB), Post Graduate Program in General Management (PGP-GM), and various executive education programs.
Is SPJIMR accredited?
Yes, SPJIMR is accredited by the Association to Advance Collegiate Schools of Business (AACSB), which is a global accrediting body for business schools. This accreditation reflects the institute’s commitment to international standards of excellence in management education.
How is the faculty at SPJIMR?
SPJIMR boasts a diverse and highly qualified faculty who are experts in their respective fields. They actively engage in research and industry-oriented projects, ensuring that students receive up-to-date knowledge and insights.
What is unique about SPJIMR’s pedagogy?
SPJIMR is known for its experiential learning approach. It offers programs like the ‘Development of Corporate Citizenship’ (DoCC) and ‘Abhyudaya’ that focus on holistic development and social responsibility, in addition to academic learning.
