Organisations across the world are in a frantic need of students who have the required knowledge, skills and expertise of working in an environment wherein the business landscape is evolving at the speed of thought.
Internships are typically pursued while the students are still studying in college and allows the student a risk-free environment to work under supervision and even mentored by experienced administrators. It’s also a wonderful way to bridge the gap between learning and finding an occupation that can help students move quickly towards a career objective while making informed decisions on what you want to achieve with your life. Internships also enables students to acquire and even refine their personal skills and competencies that are in high demand by organisations while offering an invaluable insight into industry practices.
I now focus on the five Vs that students might gain through internships where they learn about the workplace culture, organisation practices, employee relations and leadership structure.
- Venture out of your comfort zone – Internships that are undertaken before graduation provides students with an opportunity to challenge and even re-look at worldviews that they have believed for a long time horizon. The idea of dealing with unfamiliar settings and having to work on newer real-world problems will force the students to get out of their comfort zone and lead to self-discovery.
- Variety – Internships typically provide a great exposure to students across key functional areas, key customers and critical projects. This would force interns to quickly adapt and adopt the state-of-the-art practices that are considered by companies as world-class.
- Value – Internships provide students an opportunity to hone a range of professional skills such as articulation (story telling), professional writing, critical thinking and problem solving skills and working in teams. While students may read about how companies succeed and operate in their textbooks and classroom discussions, nothing compares to gaining the actual exposure when they work on a real project for a real company with real people and provide a fruitful solution to the problem. An internship will help the students to not only learn about their capabilities but will also encourage them to have better traction on their strengths and weaknesses and learn more about themselves.
- Vision – During the internship, interns can afford to make mistakes, correct and learn from such mistakes and gain immense experience to develop their vision for personal growth from a long-term perspective. This vision will help students to transition from what they learned in the classroom to what is actually required by organisations.
- Virtual/Hybrid experiences – Corporates post COVID-19 have taken a dramatic shift towards both remote and hybrid learning environments. The future of work will get heavily influenced by generational, technological and social shifts. Interns can obtain a first[1]hand exposure to technologies such as machine learning, artificial intelligence and blockchain at the workplace and increase their marketability
You can learn all that you want from textbooks, faculty and your peers, but taking those skills into the workforce and applying them is a wonderful way to explore functional areas and career paths that would actually suit your individual interests once they start working full-time after graduation.
Q: What is the average salary of SP Jain School of Global Management MBA?
The institute has released the average salary details for Global MBA and MGB. During 2023 placements, the average package for Global MBA and MGB stood at INR 32.11 LPA and INR 19.84 LPA, respectively. The following table depicts the SP Jain School of Global Management average package trends for the past three years for better clarity:
| Course | Average Package (2021) | Average Package (2022) | Average Package (2023) |
|---|---|---|---|
| Global MBA | INR 27.89 LPA | INR 24.17 LPA | INR 32.11 LPA |
| MGB | INR 15.65 LPA | INR 17.58 LPA | INR 19.84 LPA |
Q: In which industry MGB students were placed during SP Jain School of Global Management's placements?
A large share of MGB graduates were placed in the IT/ ITES industry during the 2023 drive with a 22% placement percentage. The second in the sequence was the Logistics & Supply Chain industry with a 20% placement rate. Take a look at the below snip elaborating on the industry-wise SP Jain School of Global Management placements 2023 for MGB:
Source: Official Website
NOTE: The sectors involved in the 'Others' category are Hospitality, Media, Education and Training, FMCG, Real Estate, Market Research, and more.
Q: Where are SP Jain School of Global Management alumni working?
According to unofficial online sources, a large share of SP Jain School of Global Management alumni is working in the Business Development sector with a 26% share. The other top sectors that involve the majority of alumni are Operations and Sales. The detailed sector-wise distribution of alumni is depicted below:
NOTE: The sectors involved in the 'Others' category are Programme and Project Management, Finance, Engineering, and Consulting.
Internships give students a wonderful platform to establish relationships and acquaintances – your network is your net worth. Building such critical professional connections before graduation can prove to be handy when they have to pursue a full-time job after completing their courses.
Last but not the least, internships help you figure out not only what you like but what you don’t like – this goes a long way in not taking up a job that might not be a good fit for your background.
About the author
Dr Vaidyanathan 'Vaidy' Jayaraman is the Global Dean (UG) at SP Jain School of Global Management (Sydney, Singapore, Dubai and Mumbai)
Note: The views expressed in this article are solely author’s own and do not reflect/represent those of Shiksha
Q: What was the highest package offered during SP Jain School of Global Management placements?
The highest package offered during SP Jain MGB placements 2023 was INR 48.84 LPA. For Global MBA courses, the 2023 highest package stood at INR 72.83 LPA. From 2021 to 2023, year-on-year growth was observed in the Global MBA highest package. On the other hand, fluctuating trend was observed in the highest package of MGB. Take a look at the below table depicting the SP Jain School of Global Management highest package trends:
| Course | Highest Package (2021) | Highest Package (2022) | Highest Package (2023) |
|---|---|---|---|
| Global MBA | INR 38.14 LPA | INR 39.79 LPA | INR 72.83 LPA |
| MGB | INR 39.59 LPA | INR 33.85 LPA | INR 48.84 LPA |
Q: How are B.Sc placements at SP Jain School of Global Management?
The Mumbai-based SP Jain School of Global Management (SP Jain) seeks to place all of its students 100% of the time. With an average package of INR 33 LPA and a maximum payout of INR 81 LPA, the institution achieved 100% placements in 2024. Half of the students in 2023 received offers from domestic top global firms, and the other half received offers from overseas companies.
A November 2022 study claims that SP Jain is among the top B schools with top-notch placements.
Participating in the placement drive are recruiters from a variety of industries, including FMCG, Consulting, BFSI, Pharma, and Tech. Top recruiters for the Bachelor of Data Science degree at SP Jain include:
Columbia University (USA)
UNSW (Australia)
University of Chicago (USA)
Northeastern University (USA)
University of Technology Sydney (Australia)
Rutgers, The State University of New Jersey (USA)
Q: Who were the recruiters at SP Jain School of Global Management placements?
Some of leading companies that were part of SP Jain School of Global Management placements 2023 are mentioned below:
| SP Jain School of Global Management Placements 2023: Top Recruiters | ||
|---|---|---|
| Dubai Islamic Bank | Magnati | Rivoli Group |
| Protiviti Consulting | TrackIT Solutions | Cedar Consulting |
| HCL Technologies | ICC Loyalty | Brand Folio LLC |
| IIFL Wealth | Siemens | Thomson Digital |
Q: How is the placement of SP Jain School of Global Management?
As of now, the 2023 placement statistics are out for Global MBA and MGB. As per the latest report, 54% of Global MBA and 48% of MGB students received international placement opportunities during the 2023 drive. Check the complete insights of SP Jain School of Global Management placements 2023 from the table below:
| Particulars | Global MBA Placement Statistics (2023) | MGB Placement Statistics (2023) |
|---|---|---|
| the highest package | INR 72.83 LPA | INR 48.84 LPA |
| Average package | INR 32.11 LPA | INR 19.84 LPA |
| International placements | 54% | 48% |
Q: How are MBA placements at SP Jain School of Global Management, Lower Parel?
MBA Placements at SP Jain School of Global Management, Lower Parel
SP Jain School of Global Management (SP Jain) offers an MBA programme recognised for its high-quality education and strong industry connections. The Lower Parel campus, located in Mumbai's financial district, benefits from a prime location that enhances placement opportunities.
Key Placement Statistics:
High Placement Rate: Consistently high placement rates with over 90% of students securing job offers.
Average CTC: Competitive average CTC in the range of INR 16-20 Lacs per annum.
Top Recruiters: Leading companies from various sectors recruit from SP Jain, including consulting, finance, technology, and FMCG.
Factors Contributing to Strong Placements:
Global Curriculum: The programme incorporates a global perspective with international faculty, case studies, and study trips.
Industry Partnerships: SP Jain maintains strong relationships with industry leaders, facilitating networking opportunities and internships.
Personalized Career Services: Dedicated career counseling, resume building, and mock interview preparation support students in their job search.
Mentorship Program: Mentorship programs connect students with alumni and industry professionals, providing valuable guidance and support.
Location Advantage: The Lower Parel campus is situated in the heart of Mumbai's business district, giving students easy access to various employment hubs.
Top Industries and Job Roles:
Consulting: Bain & Company, McKinsey & Company, BCG
Finance: Goldman Sachs, JP Morgan, Deutsche Bank
Technology: Amazon, Microsoft, Google
FMCG: Unilever, Procter & Gamble, Nestle
Investment Banking: Morgan Stanley, Credit Suisse, UBS
Post-Placement Support:
SP Jain continues to support alumni through career development programs, industry networking events, and access to alumni mentorship networks.
Overall, SP Jain School of Global Management, Lower Parel, offers a strong MBA placement record due to its high-quality education, industry partnerships, personalized support, and advantageous location
Shiksha writer
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Student Forum
Anything you would want to ask experts?Answered 3 months ago
The MBA programme at the Lower Parel-based SP Jain School of Global Management typically has 40-50 seats available per intake, making it a small cohort program. A rich learning atmosphere is fostered by the limited enrollment, which guarantees each student a personalized and intensive educational jo
N
Contributor-Level 10
Answered 4 months ago
MBA is not only having a Degree, its a journey where you learn from your Professors, Colleagues and Curriculum.
Having an MBA from SP Jain School of Global Management will help you study with the best and learn from the best. Also sit for Placements end of the day. But do remeber, your past Job exper
D
Beginner-Level 5
Answered 4 months ago
SP Jain School of Global Management is an Australian business school that provides modern, relevant and practical global business education. With campuses in the dynamic business hubs of Dubai, Mumbai, Singapore and Sydney, SP Jain is renowned for offering multi-city undergraduate and postgraduate p
D
Beginner-Level 5
Answered 4 months ago
The institute offers BBA and Bachelor of Data Science programs. BBA is a 4-year program. Candidate must have passed class 12th with 70% marks and have studied in English medium. Candidates who have not studied English have to possess a valid score in the English Proficiency test.
Candidates need to a
D
Beginner-Level 5
Answered 4 months ago
Hi.SPJGM Mumbai offers four undergraduate, three postgraduate and one doctoral course. The institute also offers five partnership or professional courses. The most popular courses of SPJGM are Global MBA and full-time MBA courses along with the special online courses which include Premium Learning O
Scholar-Level 17
Answered 5 months ago
SP Jain School of Global Management offers various courses at the UG and PG level. The table below showcases MSc and MA course from the table presented below:
| Course | Total Tuition Fee |
|---|---|
| MAIB | INR 38.99 lakh |
| MGLuxM | INR 19 lakh |
| MscHBL (HIHB earlier) | INR 35.13 lakh |
| EMBA | INR 14.86 lakh |
Contributor-Level 10
Answered 5 months ago
Greetings,
The institute have many global recruiters from countries such as Australia, Dubai, India, Singapore.The highest salary offered was Rs. 33.5 Lacs per annum (approx.) in 2020 and the average was INR 19 Lacs (approx)
The top recruits of 2020 were The Kellogg Company, KPMG Mauritius, BOSCH, UM
N
Beginner-Level 4
Answered 5 months ago
The cost for studying BBA in SP jain school of global management is about INR 15.5 lakhs. They offer the studying experience of a premium college and the placements in SP Jain School of Global Management are good. Check shiksha webiste for more pdated information.
N
Beginner-Level 4
How many seats are available for the MBA programme at SP Jain School of Global Management, Lower Parel?