Mumbai, Maharashtra

SIES College of Management Studies, Mumbai

by 104 Pratham Gulati 47 April 11, 2024

SIES College of Management Studies, where dreams take flight and ambitions find their wings, is one of the top management colleges in Mumbai.This year a total of 92% placement was achieved wherein 438 students participated in the process .As per the reports the highest package stood at INR 23 LPA which was 15% more than last year, and average package increased by 13.04% to INR 9.1 LPA. The placements witnessed a total of 179 recruiters, out of which 35 were first time recruiters. Some of the top recruiters in the placement drive were Deloitte, Accenture, Crisil, Axis Bank etc. In this blog we will discover the placement details about SIESCOMS, where each placement report signifies a triumph and every batch profile showcases a picture of potential, making paths to success for future leaders.

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SIES Mumbai Placements 2023 

The placements for batch of 2021-23 concluded on 10th October 2022. There are 3 types of placement cycles that are - Internship placements, Project Placements and Final Placements. The institute witnessed 98% placements for final year students and 100% SIP for first year students. Most of the offers were made by industrial sectors like Banking and Insurance, Financial Services, Consulting , IT& ITES, Infrastructure and Pharma companies. This year many startups also took interest in placement drive. The placement statistics for this year and the previous year are provided in the form of a table below-

ParticularsPlacements Statistics (2023)Placements Statistics (2022)
Batch Size335375
Number of Students Participated330348
Highest PackageINR 23 LPAINR 20 LPA
Average PackageINR 9.1 LPAINR 8.05 LPA
Top 100 Average PackageINR 10.77 LPAINR 9.5 LPA
Median PackageINR 8.78 LPAINR 7.98 LPA
Total Number of Recruiters179247
Number of New Recruiters3548
Top RecruitersAccenture, Axis Bank, Deloitte, Crisil, EY etcAccenture, Axis Bank, Crisil, Cipla, Deloitte etc


As evident from the data, the highest package increased by 15% to INR 23 LPA and average package saw an increment of 13% to INR 9.1 LPA. Though this year 6% less students participated in the placement drive, but the average package for Top 100 increased considerably by 13.4%. Median package too escalated by 10.02% and reached INR 8.78 LPA. All this shows better placements statistics for year 2023 than the preceding year of 2022.

SIES Mumbai Placements 2023 (Sector Wise)

SIESCOMS boasts of a diverse pool of recruiters from varied sectors including finance, consulting, IT, FMCG and more. This diversity ensures ample opportunities for students with different interests and career aspirations. The breakdown of sector wise placements is shown as below-

SectorPercentage Distribution
Business Development16%
Human Resources7%
Sales12%
IT6%
Finance8%
Education5%
Consulting5%
Marketing12%
Research4%
Engineering5%
Operations9%
Others13%

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SIES Mumbai Placements: Past 4 Year Trends

Average Packages

A comparative analysis of average packages over past four years from 2020 to 2023 for PGDM core and Pharma&Biotech; is highlighted below-

There was an year on year growth in average packages for both PGDM core and PGDM Biotech & Phrama as evident from the chart above.

Highest Packages

The growth in highest packages over the span of 4 years is presented as follows-

The highest package for PGDM Core increased from INR 18 LPA to 23 LPA from year 2020 to year 2023. PGDM Pharma & Biotech saw an increase too from INR 11 LPA to INR 15 LPA.

SIES Mumbai Summer Placements 2024

The statistics for summer placements of first year students for year 2024 and 2023 is shown below-

ParticularsInternship Statistics (2024)Internship Statistics (2023)
Batch Size420347
Highest StipendINR 40,000 per monthINR 66,000 per month
Average StipendINR 20,000 per monthINR 21,500 per month
Number of Recruiters Participated146175

Both the highest and average stipend for year 2024 saw a decline as compared to previous year. Moreover, this year 20% less recruiters participated in the Summer Internship Placements.

Top Recruiters at SIES Mumbai 2023

Some of the Top recruiters that participated in the SIES Mumbai 2023 Placements were:

Axis BankTATA Motors FinanceReliance JioAccenture
BritanniaICICI BankKPMGWipro
CIPLAKotak LifePanasonicReliance Industries
Big BasketHDFC BankInfosysDHL

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SIES Mumbai Batch Profile 2023

The batch profile of 2023 was diverse and inclusive. Each member of the batch brought a unique set of skills, ranging from diversity both in academic backgrounds and also in work experience. Gender diversity too was maintained , with over 57% males and 43% females. A comprehensive overview of 2023 batch profile showcasing specializations, academic backgrounds, work experience and gender diversity is highlighted below-

Frequently Asked Questions

How were the placements for year 2023 at SIES Institute of Management Studies?

There was 98% placements success this year with highest package being INR 23 LPA and average package stood at INR 9.1 LPA.

Who were the top recruiters at SIES College of Management Studies Placements 2023?

Accenture, Axis Bank, Deloitte, Crisil, EY were some of the top recruiters for 2023 Placements.

Which sector bagged the highest number of placements?

Business Development bagged the highest number of placements with 16% recruitment.

What were average and highest stipends for summer placements 2024?

The highest stipend offered was INR 40 K per month and average stipend was INR 40 K per month.

How many companies participated in SIES College of Management Studies placements 2023 ?

There were a total of 179 recruiters this time, out of which 35 were first time recruiters.

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