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SP Jain sees five-fold increase in average salary offered to GMBA students in 2023 placement

SP Jain School of Global Management has seen a five-fold increase in the average salary offered to its Global MBA (GMBA) course students in the placement season that concluded in December.

The highest package offered during campus hiring in 2023 was Rs 72.8 lakh, while the average salary package for the GMBA class increased by 33% from the previous year to touch Rs 32 lakh, according to a statement issued by the institute.

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GMBA is a 12-month course and the Master of Global Business (MGB) is a 16-month course. Placements for both courses concluded in December 2023.

The institute also wrapped up the placements for its MGB graduates, who are mostly fresh graduates.

The salaries offered to students of the MGB Class of 2023 also saw a seven-fold jump, with the top package touching Rs 48.8 lakh.

The average salary offered by recruiters was Rs 19.83 lakh, a 21% increase from the previous year, according to the statement.Some of the institute’s students received offers for international roles, especially in Dubai and Singapore. More than 129 companies participated in the recruitment drive.Among the companies that came for campus recruitment were Amazon, Asian Paints, Aster DM, Bosch, Brand Folio, Cedar Consulting, Ceva Logistics, Christian Dior, Dabur, Dell, Deloitte, Dubai Islamic Bank, Emami, Empact Consulting and Ernst & Young, according to the release.

The recruiters’ list also included Grant Thornton, HCL Technologies, Hilti, Himalaya Wellness, Hindustan Coca-Cola, Incisiv, Landmark Group, Louis Vuitton, Phillips, Protiviti, Schneider Electric, Siemens, Target Corporation, Trafigura, Unilever, among others.

“Despite global economic challenges, our students have demonstrated resilience and excelled across a variety of industries and regions…,” said Balakrishna Grandhi, dean of the GMBA and MGB programmes. “Our graduates are not just equipped for immediate success but also for long-term resilience in an ever-changing global market.”

For the GMBA programme, consulting accounted for more than 39% of the jobs offered, followed by technology at 14%, retail at 8% and financial services at 8%.

For the MGB graduates, the information technology and information technology enabled services (IT/ITES) sector offered the most number of jobs with 22% of placements, followed by logistics and supply chain, financial services and retail.

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