SP Jain Bombay (SPJIMR): This B-school in Mumbai, India has placed its class of 2024 at an average package of INR 33 LPA. No, we are not talking about any of the IIMs! This blog is about the SP Jain Institute of Management and Research. We will get into the details of the college info, courses offered, exams accepted, fees, and the notable alumni that have passed out of this prestigious institute.
About SP Jain (SPJIMR)
S. P. Jain Institute of Management and Research, known as SPJIMR, is a private non-profit post-graduate management school based in Mumbai, India. Established in 1981 under the aegis of Bharatiya Vidya Bhavan, The Institute offers several full-time and part-time management programmes. SPJIMR's Post Graduate Diploma in Management (PGDM) is a two-year, full-time residential programme that is deemed equivalent to an MBA. PGDM programme has been granted “A” grade accreditation in India by the National Board of Accreditation (NBA), and the Association of Indian Universities (AIU) recognises the two-year course as equivalent to an MBA degree from an Indian university.
| SPJIMR | |
| Motto | Aa no bhadraah kratavo yantu vishwatah |
| Motto Meaning | Let noble thoughts come to us from every side |
| Ownership | Private B-school |
| Established | 1981 (43 years ago) |
| Accredited by | AACSB, AMBA |
| Location | Mumbai, Maharashtra |
| Affiliated to | AICTE, AIU |
| Official website | spjimr.org |
| NIRF 2023 Ranking | 20 |
SP Jain Courses 2024
SPJIMR offers various full-time and part-time post-graduate and doctoral programmes in management. Here's a list of all the programmes:
Post Graduate Diploma in Management (PGDM)
The Post Graduate Diploma in Management (PGDM) is their flagship programme. It is a two-year, full-time course that gives students a solid foundation in business principles and allows them to specialize in a variety of areas, including marketing, finance, and operations. PGDM application fee: INR 2000/-
Post Graduate Diploma in Management (Business Management)
SPJIMR Post Graduate Diploma in Management (Business Management) PGDM (BM) is a two-year, full-time residential programme with a General Management focus designed on the pillars of the flagship programme PGDM. PGDM (BM) application fee: INR 2000/-
Part-Time Executive PGDM (for working professionals)
Working professionals can enrol in the two-year, part-time Executive PGDM programme to further their careers and develop their leadership abilities.
PGP MBM (Post Graduate Program in Management - Marketing):
The one-year, full-time Post Graduate Programme in Management - Marketing (PGP MBM) is a specialised programme that focuses on the dynamic field of marketing.
PGPFBM (Post Graduate Program in Family Business Management)
The Post Graduate Programme in Family Business Management, or PGPFBM, is a special one-year programme created to provide the next generations of family business executives the know-how to successfully negotiate the challenges of family-owned businesses.
PGPEM (Post Graduate Program in Entrepreneurship Management)
The one-year, full-time PGPEM (Post Graduate Programme in Entrepreneurship Management) is designed for ambitious business owners who wish to transform their ideas into profitable ventures.
Doctoral Program in Management (Ph.D.)
A demanding programme for those who are enthusiastic about advancing management research and academia. The programme can be pursued in full-time and part-time mode depending on the flexibility and requirements of the candidate.
SP Jain Accepting Exams
SPJIMR offers several courses and programmes. The exam accepted for every course is given in the following table:
| Courses | Exams Accepted |
| PGDM | CAT and GMAT |
| PGDM BM | CAT and GMAT |
| PGPM | CAT and GMAT |
| GMP | GRE/GMAT/CAT/XAT/NMAT |
| PGMPW | GMAT/NMAT/CAT/XAT |
| PGEMP | GMAT/NMAT/CAT/XAT |
| PGEMP | SPJIMR's Reasoning Test |
| PGPGM | CAT/MAT/ATMA/CMAT/XAT/GMAT |
| EPBM | SPJIMR's Reasoning Test |
| FPM | GMAT/GRE/CAT/UGC-NET/UGC-JRF/GATE |
Here's a table explaining and comparing all the entrance exams accepted by SPJIMR for its various courses:
| Feature | CAT | GMAT | NMAT | XAT | GRE | GMAC EA |
| Focus | Mainly Indian B-schools | Internationally recognised | Mainly Indian B-schools | Mainly Indian B-schools | Master's programs (not business specific) | Executive MBA programs |
| Test Format | Computer-based | Computer-based | Computer-based | Computer-based | Computer-based | Computer-based |
| Sections | Quantitative Ability (QA), Verbal Ability & Reading Comprehension (VARC), Logical Reasoning & Data Interpretation (LRDI) | Verbal Reasoning(VR), Quantitative Reasoning (QR), Integrated Reasoning (IR), Analytical Writing Assessment (AWA) | Logical Reasoning, Quantitative Skills, Language Skills, Integrated Design Thinking | Verbal and Logical Reasoning, Decision Making, Quantitative Ability, Data Interpretation | Verbal Reasoning, Quantitative Reasoning, Analytical Writing | Integrated Reasoning, Verbal Reason, Quantitative Reasoning |
| Duration | 3 hours | 3 hours 30 minutes | 2 hours | 3 hours | 3 hours 45 minutes | 3 hours 45 minutes |
| Frequency | Conducted once a year (usually in November) | Conducted year-round, multiple dates | Testing window with multiple test dates | Conducted once a year (usually in January) | Offered year-round, multiple test dates | Offered year-round, multiple test dates |
| Validity | Scores valid for 2 years | Scores valid for 5 years | Scores valid for 2 years | Scores valid for 1 year | Scores valid for 5 years | Scores valid for 5 years |
SP Jain Fees MBA
Now, let's have a look at the fees of their most sought-after courses:
- PGDM (Post Graduate Diploma in Management) - 24 Lakhs
- Post Graduate Diploma in Management (Business Management) - 24 Lakhs
- PGPM (Post Graduate Programme in Management) - 23.50 Lakhs
- WPM (Women Management Programme) - 23.50 Lakhs
A large amount of your educational experience is covered by this charge, including:
- Tuition for each course taken during the programme
- Standard fees for hostels and accommodations
- Expenses associated with the Global Fast Track programme (GFT): This programme provides visits to industries and immersion experiences abroad, but it does not cover incidental fees such as food, transport, visas, or insurance.
Additional Expenses to Consider
Although a significant portion of your educational journey is covered by the programme price, you need also account for the following additional costs:
- Mumbai is a large metropolis with a moderately to prohibitive cost of living.
- You'll need to set aside money for additional personal costs like groceries and travel.
- Books & Course Materials: Textbooks, case studies, and other educational resources may incur extra fees.
- Travel and Additional Expenses: These might include the cost of getting to and from college, applying for a visa (if you're an overseas student), and other small-time expenses.
Notable Alumni from SP Jain
The students and aspirants of SPJIMR look up to these exceptionally notable alumni of the institute who have significantly increased the reputation of the college:
FAQs
Q. Which exam is accepted by SPJIMR?
A. SP Jain Mumbai accepts exam scores of CAT, XAT, NMAT, and GMAT for admission to various courses.
Q. How much does it cost to apply for SPJIMR?
A. The application processing fee for SPJIMR is INR 2000 only.
Q. Which course is SP Jain famous for?
A. SPJIMR is famous for its 2-year full-time Post Graduate Diploma in Management (PGDM) course.
Q. Is SPJIMR a Tier 1 college?
A. SPJIMR is awarded the Tier 1 status under the AICTE "granted autonomy scheme."
Q. Is SP Jain better than IIM?
A. The placements offered by SP Jain are higher than most of the IIMs. The number of companies that visit SPJIMR is also higher than those at IIMs. Moreover, the average and highest placement at SPJIMR is INR 33.02 LPA and INR 77.88 LPA.
Q. What is the rank of SP Jain in the world?
A. SPJIMR has the 40th spot globally and is among the top 7 B-schools to make it to the QS Global MBA Rankings.
