Five-Fold Salary Increase For 2023 MBA Grads Of This Top Indian B-School by: P&Q Staff on January 17, 2024 | 941 Views January 17, 2024 Copy Link Share on Facebook Share on Twitter Email Share on LinkedIn Share on WhatsApp Share on Reddit SP Jain’s GMBA program reported consulting as the top industry for 2023 grads, with over 39% of placement offers From Mumbai: SP Jain School of Global Management, with campuses in Mumbai, Singapore, Dubai, and Sydney, has announced the successful placements of its 2023 Global MBA and Master of Global Business (MGB) graduates. The 2023 GMBA graduates have witnessed a five-fold surge in their salaries post-graduation, with the highest package reaching INR 72.8 lakhs (about $88,000). The average starting salary for the GMBA class also saw a 33% increase from the previous year, reaching INR 32 lakhs ($39,000). Meanwhile, the MGB graduates, typically fresh from undergraduate studies, experienced a seven-fold jump in their salaries, with the top package reaching INR 48.8 lakhs. The class’s average salary also marked a notable 21% increase from the previous year, landing at INR 19.83 lakhs. More than half of these graduates have secured coveted roles in leading domestic organizations, while many others have made their mark internationally, securing positions in esteemed companies in Dubai and Singapore. Over 129 companies globally participated in the recruitment drive, from Fortune 500 companies to tech start-ups and global giants such as Amazon, Asian Paints, Aster DM, Bosch, Brand Folio, Cedar Consulting, Ceva Logistics, Christian Dior, Dabur, Dell, Deloitte, Dubai Islamic Bank, Emami, Empact Consulting, Ernst & Young, Grant Thornton, HCL Technologies, Hilti, Himalaya Wellness, Hindustan Coca-Cola, Incisiv, Landmark Group, Louis Vuitton, Phillips, Protiviti, Schneider Electric, Siemens, Target Corporation, Trafigura, Unilever, Unimas Consulting. In a noteworthy shift from previous years, the GMBA program reported consulting as the top sector, accounting for over 39% of placement offers, followed by Technology at 14%, Retail at 8% and Financial Services at 8%. Meanwhile, MGB graduates found opportunities in IT/ITES as the top recruiting sector with 22% of placements, followed by Logistics and Supply Chain, Financial Services and Retail. Other prominent sectors included Manufacturing and Consulting. “Despite global economic challenges, our students have demonstrated resilience and excelled across a variety of industries and regions,” says Dr. Balakrishna Grandhi, dean of the GMBA and MGB programs. “This is a testament to the world-class education and training they received at SP Jain Global. We take immense pride in their achievements and are certain they will continue to excel and contribute significantly to the business world. 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