SP Jain [SPJIMR], Mumbai
S. P. Jain Institute of Management and Research (SPJIMR) was Established in 1981, SPJIMR is known for its Culture and Diversity, Abhyudaya Program, Global Exposure, and Great RoI. SPJIMR is recognized as one of the best B-Schools, both in India and abroad. SPJIMR is ranked 1st in India by FT Masters in Management Rankings 2024 (TOI) and 35th Globally by FT Masters in Management 2024 ranking.
SPJIMR is located in the financial capital of India, Mumbai. Chhatrapati Shivaji Maharaj International Airport is about 7 kms away from the Campus, while the closest railway station, Andheri, is 2 km away from the Campus.
SPJIMR’s Placement for the batch of 2024 has been concluded. A total of 72 Top Recruiters participated in the placement drive for 240 students. SPJIMR’s average package was recorded at INR 33 LPA, with the highest package reaching INR 81 LPA.
SPJIMR PGDM program is the Flagship Program of the Institute. SPJIMR offers PGDM BM, PGPM, GMP, Executive PGDM, Online PGDM and Doctoral Programs. Admission to the PGDM program is based on CAT / GMAT scores, followed by the evaluation of the candidate’s profile.
SPJIMR Highlights
- SPJIMR has recorded 100% Placement for the batch of 2024. SPJIMR average package and median package were INR 33 LPA and INR 31.50 LPA, with the highest package reaching INR 81 LPA. respectively.
- SPJIMR has only campuses in Andheri (W), Mumbai, and the center is in Delhi Centre.
- SPJIMR offers candidates the opportunity to choose from four Specializations in the PGDM program during the application process, enabling them to focus early in the program.
- Unlike other B-Schools, SPJIMR does not have a Summer Internship; instead, it provides an Autumn Internship for its students. SPJIMR’s autumn internships stand out because they let students do corporate internships in their second year, rather than after their first. Taking place after the third semester at SPJIMR, students are better prepared and also have a clearer vision of their specialization.
-
Ranked No. 1 Business School in India by the Financial Times MiM 2024 Rankings, and No. 35 globally, positioning it among the world’s elite management institutes.
SPJIMR Important Dates 2025
| PGPM/ PGPMW Events | Phase-I Dates | Phase-II Dates | Phase-III Dates |
|---|---|---|---|
| Dates for Applying Online | April 01, 2024 | June 01, 2024 | August 01 2024 |
| Submission of duly completed application form | May 31, 2024 | July 31, 2024 | September 15, 2024 |
| Shortlist and Interview Dates | June and July 2024 | July and August 2024 | September and October 2024 |
| Early Admission Offers | If applicable | If applicable | Mid-October 2024 onwards |
| Admission Offers (Applicants of Phase-III + Waitlisted candidates of Phase-I and Phase-III) | – | – | Final offers: Mid-October 2024 onwards |
| Entrance Exam Score Dates | Last date to submit score: September 30, 2024 | ||
| Batch Commencement Date | December 02, 2024 | ||
| GMP Events | Phase-I Dates | Phase-II Dates | Phase-III Dates |
|---|---|---|---|
| Last Date to Apply | July 31, 2024 | September 15, 2024 | October 31 2024 |
| PGDM/ PGDM BM Events | Dates |
|---|---|
| Application Opens | September 15, 2024 |
| Application Closes | November 22, 2024 |
| Program Starts | June 2025 |
SPJIMR Admission 2025
- Eligibility Criteria: Candidates with a Bachelor’s Degree with 50% Marks are eligible for the program. Candidates without any prior Work Experience or with less than 5 Years of Work Experience are eligible to apply. A valid score of 85 Percentile is required in CAT / GMAT for admission.
- Admission Process: SPJIMR has a unique Admission Process for its Students. The Institute shortlists its candidates based on their Profile Evaluation. Candidates are sorted into 2 groups: Profile-based and Profile-cum-Score-based.
The detailed instructions for admission are given below:
SPJIMR Cutoff
- SPJIMR CAT Cutoff is 85 Percentile Overall and 75 Percentile Sectional.
- SPJIMR GMAT Cutoff is 85 Percentile Overall.
The detailed cutoff is mentioned in the table below:
| CAT 2023 | Percentile |
|---|---|
| Overall | 85 |
| Verbal Ability and Reading Comprehension | 75 |
| Data Interpretation and Logical Reasoning | 75 |
| Quantitative Ability | 75 |
| Entrance Test | Sectional | Overall | ||
|---|---|---|---|---|
| GMAT (Jan 01, 2021 to Dec 31, 2023) | Verbal | Quantitative | – | 85 |
| 75 | 75 | – | ||
| GMAT Focus Edition (Nov – Dec 2023) | Verbal | Quantitative | Data Insights | 85 |
| 75 | 75 | 75 | ||
SPJIMR Courses & Fees
- SPJIMR offers a 2 Year PGDM and a PGDM BM Program.
- Additionally, SPJIMR also offers Part-time PGPM, PGMPW, GMP, PGEMP, PGPGM and various other programs.
- SPJIMR also offers a PGPFMB program, along with PGDM Online and a Doctoral Program.
Here are some highlights of the Courses offered by SPJIMR:
| Course Name | Admission Criteria | Total Fees |
|---|---|---|
| PGDM & PGDM BM | Eligibility: Bachelor’s Degree with 50% Marks or Students in their Final Year of Graduation Selection Criteria: CAT / GMAT Scores + Academic Record + Work Experience + Profile (Versatility and Achievements) + Interview Duration: 2 Years Batch Size: PGDM – 276; PGDM BM – 120 | INR 22.50 Lakhs |
| PGPM | Eligibility: Bachelor’s Degree with 3 Years of Work Experience Selection Criteria: CAT / GMAT Scores + Academic Record + Work Experience + Profile (Versatility and Achievements) + Interview Duration: 18 Months | INR 21 Lakhs |
| GMP | Eligibility: Bachelor’s Degree with 55% Marks Selection Criteria: CAT / GRE / GMAT / XAT / NMAT Scores + Academic Record + Work Experience + Profile + Interview + Letter of Recommendation + Statement of Purpose + Video Essays Duration: 12 – 24 Months | INR 7.25 Lakhs |
| PGMPW | Eligibility: Bachelor’s Degree with 2 Years of Current Break and 3 Years of Work Experience Selection Criteria: CAT / GMAT Scores + Academic Record + Work Experience + Profile + Interview Duration: 11 Months | INR 23.5 Lakhs |
| PGPFMB | Eligibility: Undergraduate with Member of Family Managed Business and Interested in Carrying on Family Business with Senior Generation Mentor from the Family Selection Criteria: Online Aptitude Test + Interview + Assessment Duration: 18 Months | INR 17.05 Lakhs |
| PGDM (Online) | Eligibility: Bachelor’s Degree with 50% Marks Selection Criteria: Profile + Interview | INR 10 Lakhs |
| PGEMP | Eligibility: Bachelor’s Degree with 50% Marks with 5 Years of Work Experience or Diploma Holders with 10 Years of Work Experience Selection Criteria: Executive Assessment / Test of Reasoning + Group Discussion + Personal Interview Duration: 21 Months | INR 9.5 Lakhs |
| PGPGM | Eligibility: Bachelor’s Degree with 50% Marks with 4 Years of Work Experience Selection Criteria: CAT / MAT / GMAT / ATMA / CMAT / XAT Scores + Academic Record + Case Analysis + Work Experience + Interview Duration: 2 Years | INR 9.5 Lakhs |
| PGPDM | Eligibility: Bachelor’s Degree with 2 Years of Work Experience Selection Criteria: Profile + Personal Interview Duration: 12 Months Batch Size: 41 | INR 1.5 Lakhs |
| PGP MBM | Eligibility: Bachelor’s Degree with 50% Marks Selection Criteria: Test of Reasoning + Personal Interview Duration: 13 Months | INR 4.69 Lakhs |
| FPM | Eligibility: Master’s Degree or Integrated First Class Master’s Degree or CA, ICWA or CS with 60% Marks Selection Criteria: RAT Scores + Research Proposal + Academic Record + Work Experience + Profile + Personal Interview Duration: 4 Years | Stipend: INR 40,000 – 45,000 per month |
- SPJIMR has a batch size of 240 with an additional 36 seats for OCI/PIO, children of Indian workers in the Gulf countries and Foreign Nationals.
- XLRI has the largest batch size of 600, followed by IIM Lucknow at 576.
- JBIMS has the smallest batch size of 160 students.
- The following details give a rough idea of SPJIMR class size in comparison to other B-Schools:

SPJIMR Fees over the years:

SPJIMR Batch Profile
SPJIMR Batch Profile for 2024 is as follows:
- The batch consisted of 73% Male and 27% Female Students
- 86% of the batch had Work Experience while 14% were Freshers.
- 76% of the students were from Engineering background.

SPJIMR Placement 2024
- SPJIMR Average Package was recorded at INR 33 LPA
- 110 PPOs were offered to the Students
- 34% of offers were equal to or greater than INR 35 LPA
- 71% of offers were equal to or greater than INR 30 LPA
- 90% of offers were equal to or greater than INR 25 LPA
The table below shows the Placement Statistics of SPJIMR:
| Particulars | Placement Statistics 2024 |
|---|---|
| Number of Students | 292 |
| Number of Recruiters | 72 |
| Number of New Recruiters | 33 |
| Number of PPOs | 138 |
| Highest Package | INR 81 LPA |
| Average Package | INR 33 LPA |
| Median Package | INR 31.50 LPA |
| Top Recruiters | Accenture Strategy, BCG, Colgate Palmolive, HUL, P&G |
SPJIMR Average Package over the years is as follows:

- As of April 2024, JBIMS is yet to release their Placement Reports. Given below is a brief comparison of the same:
| Particulars | Average Package |
|---|---|
| SPJIMR | INR 33 LPA (2024) |
| XLRI | INR 29.89 LPA (2024) |
| IIM Lucknow | INR 30 LPA (2024) |
| IIM Indore | INR 25.68 LPA (2024) |
| JBIMS | INR 28.02 LPA (2023) |

SPJIMR Autumn Internship Report 2024
- SPJIMR Autumn Internship Report has been released for batch 2024
- The average stipend was recorded at INR 3.15 Lakhs with the highest stipend being INR 4.40 Lakhs
- The batch of 2024 received 340 offers from 53 Top Recruiters
Given below are the highlights of SPJIMR autumn internship report:
| Particulars | Internship Statistics 2024 |
|---|---|
| Number of Recruiters | 53 |
| Number of First-time Recruiters | 28% |
| Number of Offers | 340 |
| Number of Students | 295 |
| Highest Stipend | INR 4.40 Lakhs |
| Average Stipend | INR 3.15 Lakhs |
| Median Stipend | INR 3 Lakhs |
| Top 20% Average Stipend | INR 4.25 Lakhs |
| Top 50% Average Stipend | INR 3.77 Lakhs |
| Top Sector | FMCG |
| Top Recruiters | DarwinBox, Investcorp, PhonePe, Amagi Labs |
SPJIMR ROI – An Analysis
- SPJIMR saw an increase in fees from INR 20.42 Lakhs to INR 22.50 Lakhs.
- Despite a consistent average package of around INR 33 LPA, the RoI decreased from 161.5% to 137.5%.
| ROI Calculation | |
|---|---|
| Total Fees (2024-26) | INR 22.50 Lakhs |
| Average Placement (2022-24) | INR 33 LPA |
| ROI | 137.5% |
ROI Analysis of SPJIMR Compared to Other Top Management B-Schools Over the Years is as follows:
| Institute Name | Total Fees | Average Package | ROI |
|---|---|---|---|
| SPJIMR | INR 22.50,000 | INR 33 LPA | 137.5% |
| XLRI | INR 28,60,000 | INR 29.89 LPA | 104.5% |
| IIM Lucknow | INR 20,75,000 | INR 30 LPA | 144.6% |
| IIM Indore | INR 21,17,158 | INR 25.68 LPA | 121.3% |
| JBIMS (2023) | INR 6,10,000 | INR 28.02 LPA | 459% |
- XLRI charges the highest fees among the Top Institutions of INR 28.60 Lakhs while JBIMS has the lowest fees of INR 6.10 Lakhs
- IIM Lucknow has a lower fee of INR 20.75 Lakhs, offering a higher average package of INR 30 LPA and a remarkable RoI of 144.6%
Life at SPJIMR
Campus: SPJIMR Campus is spread across 45 Acres in Mumbai. The green campus is well equipped with State-of-the-art Classrooms, Library, Hostel, Cafeterias, a Jogging Trail and Wireless Connectivity.

Hostel: SPJIMR has separate Hostels for Boys & Girls. The hostel rooms are allocated on a Double or Triple Sharing basis. All the Hostel Rooms are Air conditioned and offer a Lake view from Balcony. Additionally, there is a Common Room well equipped with all the amenities.
A Typical Day at SPJIMR: A Typical Day at SPJIMR starts with Early Morning Lectures that can extend until 7-8 PM, but usually get over by 5-6 PM. Post lectures, evenings are dedicated to Assignments, Presentations, Pre-reads for Next Day Lectures etc.

| Business Consulting Club | Business Technology Club | Academic Committee |
| Speak Up Club | Shutterclicks | Sports Club |
| Placements Committee | Marketing & Communications Committee | Industry Integration Committee |
| Alumni Relations Committee | Analytics Club | Admissions Committee |
| Communications Committee | Abhyudaya Committee | Admap Committee |
5 Reasons to Join SPJIMR
Global Exposure: SPJIMR has campuses in International cities like Dubai, Singapore and Sydney. This global network provides opportunities for Students to immerse themselves in different cultures, regional business practices, political beliefs etc. Students have the chance to interact with faculty members and peers from different parts of the world.
Alumni Network: Alumni often play an Important role in providing Mentorship, Placements and Networking Opportunities to the current students. As one of the older B-Schools, SPJIMR has a vast network of Alumni spread across the globe. SPJIMR alumni connect to the students through Events, Workshops, Online Platforms etc.
Social Responsibility: SPJIMR has a Social Responsibility program known as Abhyudaya. This program aims to provide quality education to deserving students from Underprivileged backgrounds in India. The Abhyudaya program serves as a platform for Social Change and provides Academic opportunities while fostering Personal Growth and Community Development.
Location Advantage: SPJIMR is situated in Mumbai, which is the Financial Capital of India. Being situated in Mumbai, SPJIMR can facilitate frequent interactions with Guest Speakers and Industry Experts. SPJIMR provides ample opportunities for Students to engage in internships, networking, and industry exposure.
Diversity: SPJIMR is known for its Diversity in its Student body. The student body brings lots of different ideas to class and campus. The students are from 25 or more states, and working in over 30 different fields. The gender split is about 70% male to 30% female. People at SPJIMR come from different age groups, ranging from 23 to 55 years old, with work experience ranging from 1 year to as much as 25 years.
Courses/Programs
| Serial# | Title | Estimated Cost | Program type |
|---|