Following the Rs 32 lakh package offered to an MBA graduate at the IIT-B's management school placements last week, a student bagged a record package of Rs 46.50 lakh at the S P Jain Institute of Management and Research (SPJIMR) this week.

The average salary package offered to the batch of 239 students was Rs 22 lakh with over 72 percent of them receiving offers of Rs 20 lakh per annum and above. This year, 111 companies participated in the process, including 28 first-time recruiters, making 12 international offers and 78 pre-placement offers (made through internships).