India’s premier management institute, SP Jain School of Global Management has recorded its highest placement offer this year at Rs 48 lakh for the class 2017. The management institute has seen a record jump of 14% in the average salary packages that have been offered to the outgoing batch of its global Masters of Business Administration (GMBA) programme this year as compared to that of last year, according to Hindustan Times. While the average salaries of the students have gone up from last year’s Rs 16.50 lakh to this year’s Rs 22.52 lakh, the highest package that has been offered to a student of the contemporary marketing management segment has been recorded at a whopping amount of Rs 48 lakh.
According to the report, the GMBA students who graduated in May this year recorded a three fold jump in the starting salary of the students from Rs 7 lakh (pre-MBA) to Rs 22.52 lakh on completing the programme. The consulting sector companies were the biggest recruiters on the campus who were followed by the IT and logistics sectors. The companies included Hewlett Packard (HP), Dell, TESCO, Salesforce, Cummins, Dunia Finance, Xchanging, Henkel, Societe Generale, TataTrent, JDA and Tech Mahindra. So far, 51 students of the class of 2017 have been placed this year.
Dean of SP Jain’s postgraduate programmes, Dr Indu Niranjan was quoted saying, “the alumni were leading cross-cultural teams, growing family businesses, developing digital initiatives, incubating new ideas, working with local governments, participating in community initiatives, consulting at Fortune 500 companies and travelling across the globe. They have done extremely well in the global workplace and that is why companies believe in our model.”
SP Jain School of Global Management’s global MBA programme was ranked among the world’s top 10 and top 100 MBAs by Forbes and The Economist respectively in the year 2015. The branches of the Institute are in Dubai, Mumbai, Singapore and Sydney