SP Jain in the News | SP Jain School of Global Management

MGB and GMBA 2023 postgraduates witness salary boosts

Written by SP Jain News Desk | 11-Jan-2024 06:02:00

SP Jain Global has announced the successful placements of its 2023 Global MBA (GMBA) and Master of Global Business (MGB) graduates.



Students of the GMBA program witnessed a five-fold surge in their salaries post-graduation, with the highest package reaching INR 72.8 lakhs. The average starting salary for the GMBA class also saw an impressive 33% increase from the previous year, reaching INR 32 lakhs.

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 organisations, 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, Coca-Cola, Dabur, Unilever, Deloitte, Emami, Himalaya Wellness, Asian Paints, Philips, Christian Dior, LVMH, Ernst & Young, Trafigura, Cedar Consulting, Grant Thornton, Protiviti, Empact Consulting, Unimas Consulting, Bosch, Siemens, Incisiv, Target Corporation, HCL Technologies, Hilti, Dell, Dubai Islamic Bank Landmark Group, Brand Folio, Aster DM, Ceva Logistics, Schneider Electric, the list of recruiters for 2023 was diverse.

Reflecting on this success, Dr Balakrishna Grandhi, Dean of the GMBA and MGB programs, said, “Despite global economic challenges, our students have demonstrated resilience and excelled across a variety of industries and regions. 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."

In a noteworthy shift from previous years, the GMBA program reported Consulting as the top sector, accounting for over 37% of placement offers, followed by Technology (13%), and Retail (8%). Meanwhile, MGB graduates found opportunities in Logistics, Supply Chain, and Transportation as the top recruiters, with 20% of placements, followed by IT / ITES (19%) and Retail (13%). Other prominent sectors included BFSI, E-commerce, FMCG, Logistics, Supply Chain, and Transportation.

We welcome you to learn more about the GMBA and MGB programs.