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MBA batch achieved average package of Rs 34.07 LPA

located in Gurugram masters unionThe new age business school today released its audited placement report for its PGP (MBA) cohort of 2023. The average package for a 1-year MBA/PGP program is Rs. 34.07 LPA. The placement report is audited by Brickwork Analytics, a rating and auditing agency that audits the placement report of IIM Ahmedabad.

137 companies participated in the recruitment drive, with the highest package offered being Rs. 57.08 LPA. While the top 25% batch gets an average salary of Rs. Received a package of Rs. 44.67 LPA, the bottom 25% got an average of Rs. Received a package of Rs. 22.35 LPA, which shows an increase of 11.64% over their previous years average.

Manoj Kohli, Chairman, Board of Governors (Masters Union), said, “With the global economic recession, the year 2023 was definitely going to be tough. With frequent stories of big layoffs and hiring freezes, we all approached this year’s placement season with anxiety. Both the careers advisory team and the students worked twice as hard to search for recruiters, curate shortlists and conduct interviews. I am very pleased that we can open up placements in venture capital firms, founder office roles and specialist consulting organisations, many of which are recruiting from B school for the first time.

Pratham Mittal, Founder, Masters Union, said, “At Masters Union, we are all about real-world learning. We inspire students to dive into books, move beyond books, and really get their hands dirty. Our mission is to propel every student towards an accelerated career journey, equipping them with top-class education and practical skills. We have full confidence in our alumni—they are destined to strike greatness and make a global impact. Our success stories include alumni securing placements in renowned companies like Bain & Company, Cisco, EY-Parthenon, ISRO, Razorpay, Ziplon and others, which is a testament to our program.

The 2023 cohort saw a substantial increase in salaries, from 8.7 LPA before MBA to 34.07 LPA after – an impressive jump of 3.91X. Consulting tops the list with 21.2% of offers, followed by Venture Capital 19.0%, Finance & Fintech 18.3%, Consumer 14.6%, Emerging Tech 10.9% and Large Tech 4.4%. Consultancy recruiters included McKinsey, Bain & Company, BCG, Accenture, Samagra, EY, Deloitte, PwC and others. Finance and fintech recruiters included companies like Citi, Aditya Birla Capital, HSBC, CRED and ICICI Bank.

“Past Masters Union cohort alumni have performed exceptionally well within their teams at Razorpay, and attribute their success to their solid grasp of business and leadership skills. The exceptional quality of Masters Union students for three consecutive years is testament to the school’s practical approach, where practical business ventures provide a real-life context for learning. From my personal experience, I can attest that the industry exposure and emphasis on consulting courses have prepared these graduates to thrive in the fast-paced and competitive world of business. I look forward to returning next year to see their continued growth.” Atul Mehta, SVP, Razorpay,

Also Read: IB Recruitment 2023: ACIO notification released for 995 vacancies, check eligibility and more

The report highlights career changes for students which include roles like Scientific Engineer at ISRO, Product Manager at Cisco and Growth Manager at Sikho 19. The report also demonstrated internal growth within the industries, where alumni have achieved promotion to senior manager-company-like roles. Loan Partner at Ziploan, Senior Management Consultant at EY, and Product Strategy Manager at MoEngage. The group also saw the emergence of several startups founded by students who went through the Venture Initiation Programme. Some of the startups include Buzzinga, Crispy, 73 Boston, Soul Gappa, Samarpan, Stockup, Pour, Modulus Fitness, Fundy, Infinity, Trago, Clitterbird, Samooh, Spic Wash, Unsurge and Cybertruck, with the first two raising Rs 27.5 lakh in funding. Has attained. Everyone.

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