Five-Fold Salary Increase For 2023 MBA Grads Of This Top Indian B-School

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. Our graduates are not just equipped for immediate success but also for long-term resilience in an ever-changing global market.”

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The University of Bradford School of Management will launch a new MSc Entrepreneurship in Practice

Bradford School of Management to launch new MSc Entrepreneurship in Practice

From Bradford, UK: The University of Bradford School of Management has announced it will launch a new MSc Entrepreneurship in Practice, offering a program that gives students “the understanding and skillset needed to meet the challenges of building a sustainable business in today’s world,” according to a news release.

The program’s motto is “Entrepreneurship for Real.” The first class of the MSc Entrepreneurship in Practice will take place in September 2024.

“The MSc is innovative and special in many ways and provides bespoke one-to-one mentorship support throughout the course of the study,” says Vadim Grinevich, course director. “Our state-of-the-art Enterprise Simulation Lab puts entrepreneurial knowledge and skills into practice in a safe environment. It also accommodates aspirations of both for-profit and socially oriented entrepreneurs, as well as those from diverse backgrounds. The course also helps grasp entrepreneurial opportunities associated with digitalization, artificial intelligence and sustainability and provides a gateway to local, national, and international entrepreneurial networks.”

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In Arkansas, B-school’s interim dean gets the top job

From Fayetteville, Arkansas: The University of Arkansas-Fayetteville has removed the “interim” tag of Dean Brent D. Williams, naming him head of the Sam M. Walton College of Business.

Provost Terry Martin on Friday announced the appointment — which becomes effective Feb. 1. Williams succeeds Matt Waller, who elected to transition back to faculty as professor of supply chain management.

“As interim dean, and through other leadership roles within the university, Dr. Williams has demonstrated and proven he is the right person to serve the college and our business community in this role,” Martin says. “He is committed to student success, research and innovation, which are paramount to our land-grant mission, and I look forward to seeing the Walton College continue to grow and excel as one of the nation’s leading business schools under Dr. Williams’ exceptional leadership.”

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