SP Jain Management School Sees 14% Increase In Average Salary

SP Jain School of Global Management, India’s premier management institute 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 percent 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.

The average salaries of the students have gone up to Rs 22.52 lakh, against Rs 16.5 lakh from last year. Meanwhile, the highest package that has been offered to a student has been recorded at a massive 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 completion of the programme.

Consulting sector companies were the biggest recruiters on the campus followed by the IT and logistics sectors. The major recruiting companies included Hewlett Packard (HP), TESCO, Dell, 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.

Dr Indu Niranjan, Dean of SP Jain’s postgraduate programmes shared, “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 has been ranked among the world’s top 10 and top 100 MBAs by Forbes and The Economist respectively in the year 2015.

Rajguru Tandon

BW Reporters The author is a correspondent with BW Businessworld with keen interest in HR and employee welfare.