S. P. Jain Institute of Management and Research

Maharashtra

Average Package: ₹33.75 LPA (PGDM Batch 2026)

Highest Package: ₹89 LPA (International) / ₹81 LPA (Domestic) – PGDM Class of 2025

About S. P. Jain Institute of Management and Research

S. P. Jain Institute of Management and Research (SPJIMR), officially known as the Shreyans Prasad Jain Institute of Management and Research, is one of India's most prestigious and internationally acclaimed business schools. Established in 1981, it is a constituent of the Bharatiya Vidya Bhavan (BVB), a distinguished educational and cultural trust founded in 1938. Located in the Andheri West suburb of Mumbai, the institute occupies a sprawling 45-acre green campus that has earned the LEED Platinum certification – the first business school campus in South Asia to achieve this distinction. SPJIMR holds the coveted Triple Crown Accreditation from AACSB International (USA), AMBA (UK), and EQUIS (EFMD, Europe), placing it among less than 1% of business schools worldwide with this distinction. It is also approved by the All India Council for Technical Education (AICTE) and affiliated with the Association of Indian Universities (AIU). Its flagship PGDM programme carries NBA (National Board of Accreditation) recognition, further reinforcing academic quality. The institution's educational philosophy rests on two founding pillars – 'Influencing Practice' and 'Promoting Value-Based Growth.' SPJIMR champions what it calls 'wise innovation' – purposeful, responsible innovation that creates long-term societal and business value. This ethos is reflected in its unique academic programmes and experiential learning initiatives such as Abhyudaya (a mandatory pre-joining rural immersion), the Personal Growth Lab (PG Lab), Dhruva Leadership Workshop, Gita Shibir / Science of Spirituality, and the Development of Corporate Citizenship (DoCC) initiative. Ranked #20 in India under the Management category by NIRF 2025, #1 in India by IIRF 2025, and #35 globally in the Financial Times Masters in Management Rankings 2025, SPJIMR has consistently been recognised as one of India's top five business schools. Its globally recognised rankings, robust placement record (100% placements consistently), and unique student development model attract India's brightest management aspirants. The institute offers a wide portfolio of programmes spanning full-time residential (PGDM, PGDM-BM, PGPM, GMP), part-time and executive (PGEMP, PGPGM, PGPMBM), modular specialised (PGPFMB, PGPDM, LiFE), doctoral (FPM), and online/blended formats. SPJIMR's Delhi campus extends its executive education reach to the NCR region. SPJIMR's placement outcomes are consistently outstanding. For the Class of 2026, the institute achieved 100% placements for a record batch of 356 participants, with an average CTC of ₹33.75 LPA and a median CTC of ₹32.85 LPA. Top recruiters include BCG, McKinsey, Accenture Strategy, HUL, P&G, ITC, Amazon, Goldman Sachs, and Nestlé. The Consulting sector consistently dominates offers at around 37–40%. The institute fosters a vibrant campus life through annual events like OJAS (cultural and management festival) and SPrint (sports festival), while maintaining strong international collaborations with leading global business schools for student exchanges and faculty interactions. Visiting faculty from Stanford, Yale, and Kellogg regularly engage with students, providing global exposure without leaving India.

Admission Process

Admission to SPJIMR's flagship PGDM and PGDM (BM) programmes is highly competitive and follows a profile-plus-scores-based process. Step 1 – Application: Candidates apply online at spjimr.org. The application window typically opens in mid-September and closes in late November. Application fee: ₹2,000 for one programme; ₹3,000 for both PGDM and PGDM (BM). Step 2 – Shortlisting: Candidates are shortlisted based on a holistic evaluation of their CAT or GMAT (test-centre based only) score, academic record (10th, 12th, graduation marks), work experience, and overall profile. CAT cutoff is approximately 85th percentile for the General category. Step 3 – Personal Interview: Shortlisted candidates appear for two rounds of Personal Interviews (PI) conducted across multiple cities in India (typically January–February). Step 4 – Final Admission: Merit list is prepared based on entrance exam score, academic record, PI performance, work experience, and extracurricular achievements. Accepted entrance exams: CAT, GMAT (for PGDM/PGDM-BM); GMAT, GRE, CAT (for GMP); GMAT, CAT (for PGPM and FPM); CAT, GMAT, GATE, UGC-NET, ATMA, GRE (for FPM). For PGEMP and executive programmes, admissions are on a rolling basis through the year. Minimum eligibility: Bachelor's degree with at least 50% marks from a recognised university.

Cutoffs

CAT 2024 – Estimated cutoff: 85th percentile (General Category) for PGDM/PGDM-BM profile-based calls; GMAT cutoff: 650+ (test-centre based scores only). XAT scores are not accepted. Final selection is heavily weighted on overall profile including academics, work experience, and interview performance, not cutoff percentile alone.

Rankings & Recognition

Top Recruiters & Placements

Boston Consulting Group (BCG),McKinsey & Company,Accenture Strategy,Kearney,Bain & Company,Hindustan Unilever Limited (HUL),Procter & Gamble (P&G),ITC Limited,Nestlé,Colgate-Palmolive,Marico,Godrej Group,Mondelez International,Asian Paints,Amazon,Google,Microsoft,Flipkart,Barclays,Goldman Sachs,Morgan Stanley,HSBC,American Express,Mastercard,Aditya Birla Group,Tata Administrative Services (TAS),Mahindra Group,Alvarez & Marsal,Deloitte,KPMG,Cisco,IBM,Johnson & Johnson,Kenvue,Airtel

Scholarships

1. Merit-cum-Means Financial Assistance: Offered to needy PGDM/PGDM(BM) students in Year 1 and Year 2. Based on assessment of financial need, academic performance, extracurricular activities, and conduct. Provides partial or full reimbursement of the tuition fee component. Applications invited in July after programme commencement. 2. Mirae Asset Foundation (MAF) Scholarship: Awarded to meritorious and needy students with family income below ₹8 Lakhs per annum. Two scholarships of ₹5 Lakhs each are awarded annually (one to a first-year and one to a second-year participant). 3. International Exchange Scholarship: Available to second-year participants selected for international exchange who rank within the top 30 in the batch (by CGPA at end of Year 1). Covers return airfare from India, visa fees, insurance, and accommodation during coursework abroad (up to ₹2 Lakhs disbursed post receipt of grades). 4. Merit-Based Scholarships: Awarded to top-performing second-year PGDM(BM) participants based on first-year performance. Partial or full based on scholarship committee evaluation. 5. FPM Scholarship: 100% fully funded – all FPM students receive monthly stipends of ₹40,000 (during coursework), ₹42,000 (post qualifying exam), and ₹45,000 (post proposal defence), plus a contingency grant of ₹40,000 and conference grants of ₹2,30,000. 6. GMP Scholarship: Limited merit-based scholarships available for Global Management Programme participants.

Student Life & Campus

Campus life at SPJIMR is vibrant, purpose-driven, and set on a stunning 45-acre LEED Platinum green campus in Andheri West, Mumbai. The campus features a serene lake, botanical garden, cultural centre, and yogkutir, creating a rare oasis amidst urban Mumbai. Students benefit from state-of-the-art infrastructure including smart air-conditioned classrooms, a well-stocked library with international management journals and case studies, an IT centre, amphitheatre, auditorium, sports complex (basketball, football, cricket), and comfortable on-campus hostels. Two signature annual events define the student calendar: OJAS – the flagship cultural and management festival held every January, and SPrint – the annual inter-college sports festival. SPJIMR is one of very few business schools in India to follow the Autumn Internship model (rather than Summer), allowing students to intern at companies like HUL, P&G, Nestlé, and Accenture after Trimester 4, with the added advantage of multiple PPO opportunities. The mandatory pre-joining Abhyudaya rural immersion programme and the in-programme Dhruva Leadership Workshop, PG Lab, DoCC, and Science of Spirituality sessions ensure that personal growth is as important as academic excellence at SPJIMR. The mature peer cohort (typically 84%+ with prior work experience) fosters rich classroom discussions and lasting professional networks.

Facilities

Residential Hostels (On-Campus),Wi-Fi Enabled Campus,Central Library with Management Journals & Case Studies,IT & Computer Centre,Smart Classrooms (Gallery-Type, Air-Conditioned),Amphitheatre,Cafeteria,Sports Complex (Basketball, Football, Cricket),Executive Training Centre,Cultural Centre,Botanical Garden,Yogkutir (Yoga Centre),Lake / Water Body on Campus,Adventure Centre,Medical / Health Centre,ATM,Auditorium,LEED Platinum Rated Green Campus

Faculty Details

Frequently Asked Questions

What is SPJIMR's flagship programme?

SPJIMR's flagship programme is the Post Graduate Diploma in Management (PGDM), a two-year full-time residential programme equivalent to an MBA. It is approved by AICTE and accredited by NBA and AMBA (UK).

Which entrance exams does SPJIMR accept for admission?

SPJIMR accepts CAT, GMAT (test-centre based scores only), GRE, GATE, ATMA, UGC-NET, and UGC-JRF for various programmes. For PGDM and PGDM (BM), only CAT or GMAT scores are accepted.

What is the total fee for the PGDM programme at SPJIMR?

The total fee for the PGDM 2026–28 batch is ₹26.50 Lakhs (inclusive of tuition, hostel, and other charges). This represents an increase from ₹22.50 Lakhs for the 2025 batch.

Is SPJIMR accredited internationally?

Yes. SPJIMR holds the prestigious Triple Crown Accreditation from AACSB (USA), AMBA (UK), and EQUIS (EFMD, Europe), placing it among an elite group of business schools globally. It is also AICTE-approved and NBA-accredited.

What is SPJIMR's placement record?

SPJIMR has consistently achieved 100% placements. For the PGDM batch of 2025–26 (Class of 2026), the average CTC was ₹33.75 LPA and the highest package was ₹75 LPA. For the Class of 2025, the highest domestic package was ₹81 LPA and highest international package was ₹89 LPA.

What is the NIRF ranking of SPJIMR?

SPJIMR is ranked 20th in the Management category by NIRF 2025. It is also ranked #1 in India by IIRF 2025, #3 by India Today 2024, #35 globally by the Financial Times MiM Rankings 2025, and #74 globally in the Financial Times Global MBA Rankings 2026.

Does SPJIMR offer scholarships?

Yes. SPJIMR offers Merit-cum-Means Based Financial Assistance (partial or full tuition reimbursement), the Mirae Asset Foundation (MAF) Scholarship (₹5 Lakhs for students with family income under ₹8 LPA), International Exchange Scholarship (up to ₹2 Lakhs), and a fully-funded fellowship for FPM students including monthly stipends of ₹40,000–₹45,000.

What is the minimum work experience required for PGPM at SPJIMR?

Candidates applying for PGPM must have a minimum of 5 years of professional work experience post-graduation, along with a valid CAT or GMAT score and at least 50% marks in their bachelor's degree.

Is SPJIMR a government or private institution?

SPJIMR is a private autonomous management institute and a constituent of the Bharatiya Vidya Bhavan, a distinguished educational trust established in 1938. It is not affiliated with any university and functions as an autonomous body under AICTE.

What are the unique programmes at SPJIMR?

SPJIMR offers several distinctive programmes including the PGPDM (for NGO/social sector leaders), PGPFMB (for family business owners), LiFE (for women in family enterprise), PGEMP (21-month modular programme for working executives), and a fully-funded FPM doctoral programme.

Courses & Fees

PGDM - ₹26.50 Lakhs (Total)
PGDM (Business Management) - ₹26.50 Lakhs (Total)
PGPM - ₹22.66 Lakhs (Total)
GMP - ₹9.50 Lakhs (Total)
PGEMP - ₹9.95 Lakhs (Total)
PGPGM - ₹6.50 Lakhs (Total)
PGPMBM - On Request
PGPFMB - ₹4.95 Lakhs (Total)
PGPDM - ₹4.95 Lakhs (Total)
FPM - Fully Funded (₹40,000–₹45,000/month stipend)
PGDM (Online/Blended) - ₹10.00 Lakhs (Total)
LiFE - ₹1.50 Lakhs (Total)
EnPower Entrepreneurship Certificate - ₹2.50 Lakhs (Total)
AI & Generative AI for Managers - ₹1.25 Lakhs + GST
AMP in AI Leadership - On Request
CFO Programme - On Request

Reviews & Ratings

Overall Rating: 0 out of 5 (0 reviews)

Pros

Triple Crown Accreditation (AACSB, AMBA, EQUIS) – among very few Indian institutes to hold all three
Consistent 100% placements with average CTC of ₹33.75 LPA (2026) and highest CTC of ₹89 LPA (2025)
Prime Mumbai location offering unmatched access to India's financial, FMCG, and consulting ecosystem
Unique pedagogy integrating values-based leadership, social responsibility (Abhyudaya), and personal growth
LEED Platinum certified green campus – first in South Asia
Autumn internship model (unique in India) allows students to explore multiple career paths
Strong alumni network across FMCG, Consulting, Banking, and General Management sectors
Highly qualified faculty – majority PhDs with significant industry experience; visiting faculty from Stanford, Yale, and Kellogg
Small batch size (240+120 for PGDM/BM) ensures personalised attention and strong cohort bonding
Ranked #1 in India by IIRF 2025 and #35 globally by FT MiM 2025

Cons

High fee structure (₹26.5 Lakhs for PGDM) comparable to IIMs but without the IIM brand recognition globally
Brand presence weaker in Delhi, Bangalore and international markets compared to IIMs or XLRI
Mandatory pre-joining rural social immersion (Abhyudaya) extends the effective programme duration
Limited programme diversity compared to larger IIMs – primarily management-only offerings
Small residential campus in urban Mumbai with limited space for outdoor activities

Photo & Video Gallery

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Notifications & Updates

SPJIMR PGDM Admission 2026–28 Closed – Batch Starting June 2026 (2026-03-18)
SPJIMR PGPM Fee Structure 2026 Released – Total Academic Fee ₹22.66 Lakhs (2025-12-03)

Location

Munshi Nagar, New Dadabhai Road, inside Bhavan's College Campus, Andheri West, Mumbai, Maharashtra – 400058

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Contact Details

Phone: +91-22-6213-4444 / +91-22-6145-4297

Email: admissions@spjimr.org

Medical Details & Hospital Load

Bed Count: 1775, Daily Patients: 5000–8000 (OPD); high IPD occupancy across 1775 sanctioned beds

OPD Load: 5,000–8,000 patients per day across all OPD departments (one of the highest OPD loads among teaching hospitals in Eastern India), IPD Load: 1,775 sanctioned beds with high occupancy rate across all major specialities

Bond Years: 0, Bond Penalty: MBBS: ₹10–15 lakhs (as per WB Government bond conditions); PG (MD/MS): ₹30–50 lakhs for non-compliance with state service obligation