SP Jain SGM: Courses, Fees, Admission 2024, Placements, Cutoff  ,Kurla West, Mumbai

The strategies to make the luxury business sustainable and exclusive

4 mins readUpdated on Sep 13, 2022 14:35 IST

Luxury brands are known for their high-quality products, rare and exclusive materials, their unique craftsmanship and savoir-faire. The concept of Luxury dates back to the Palaeolithic era (Gilles Lipovetsky, 2003) Luxury brands are known to have a more traditional approach when it comes to their internal or external business practices. On the contrary, when one talks about Sustainable Business and business practices today, it is seen as the way ahead or a more modernised brand pathway. Sustainability has definitely become the definite pathway for all businesses for the future.  Having said that, luxury brands and being sustainable actually, go hand in hand.

The new generation of consumers, who, in 2018 alone, drove 85% of luxury sales growth, consists primarily of millennials and Generation Z and demands sustainable practices, messaging and products. Broadcasting their lives on social media, consumers have started to perceive themselves as brands and elect labels that align with their personalized positioning claiming to only associate with sustainable brands.

There are several measures that a business can adopt in order to become more sustainable. Some of those are as follows:

Q:   Is SP Jain School of Global Management worth it?

A:

SP Jain is regarded as one of the top MBA and management schools in Mumbai. However, it has fierce competition from other reputable institutions in the city.

Recognized as one of India's leading business schools, SP Jain is renowned for its emphasis on entrepreneurship and global perspective. Its campuses are located in Dubai, Sydney, Mumbai, and Singapore.
A variety of management programs, including an MBA, an Executive MBA, an Executive Management program, and specialty master's degrees, are available at the Mumbai campus.
SP Jain is frequently listed among India's top 10 business schools. According to NIRF rankings, it was placed #6 among private B-schools in 2022.
The institution is well-known for its international exposure, thanks to its study abroad and exchange programs. It also accommodates students from abroad.
With more than 10,000 alumni worldwide, SP Jain boasts an impressive network. Many alumni run their own businesses and serve as worldwide organisation leaders.

Q:   How is SP Jain School of Global Management for the Masters in Global Business programme?

A:

As per the latest placement report, 48% of the MGB batch passing out in 2023 received international opportunities. Further, the highest package and average package offered were INR 48.84 LPA and INR 19.84 LPA, respectively. All the important details related to SP Jain School of Global Management placement 2023 for MGB are mentioned below:

ParticularsMGB Placement Statistics (2023)
the highest packageINR 48.84 LPA
Average packageINR 19.84 LPA
International placements48%
Popular recruitersChristian Dior, Gallega Global Logistics, Asian Paints

Q:   Is SP Jain School of Global Management, Lower Parel good for MBA?

A:

The institute has released the 2023 placement statistics for the Master of Global Business (MGB) and Global MBA. The the highest package offered to Global MBA and MGB batches 2023 were INR 72.83 LPA and INR 48.84 LPA, respectively. Further, the SP Jain School of Global Management average package for Global MBA and MGB stood at INR 32.11 LPA and INR 19.84 LPA, respectively. In addition to this,  48% of MGB and 54% of Global MBA students received international placements. Amazon, BNED Loudcloud, Aramex, Bosch Global, and many other renowned companies participated in 2023 placements. 

Circular now is Circular future

Sustainability has encouraged brands to rethink their strategies in innovation of newer products that do not harm the environment be it flora or fauna around us. For the longest time luxury brands have always teased our vices by exciting us to indulge into guilty pleasures, be it the exquisite leather handbags, the extravagantly priced and rare mink / fur-coats, or even the unique pieces in jewellery or cosmetics which exploit animals or other natural resources. Now, luxury is all about being careful and conscientious and true to the consumer by bringing about positive changes in the environment without using such materials that cause harm to others. More and more luxury today is consumed by the millennials, who are extremely aware of the damages that the past generations have caused to the natural environment to serve to their indulgent lifestyle purposes. Since, 2018, the millennial luxury consumer today contributes to nearly 85% of the global luxury sales growth (Forbes, 2021) and brands must cater to their needs and lifestyle preferences. Being a circular brand means taking care of the environment, causing no harm and being an honest and sincere brand.

Empower the Artisans

Luxury brands have always favoured the collaboration between artisans and craftsmen to create unique and precious creations to heighten the senses of their consumers. By empowering artisans and craftsmen luxury brands can find the right balance between machine made and handmade products. The collaboration of artists also allows these local artisans and craftsman to sustain these age old skills and keep these local traditions alive for generations to come. It is essential for luxury brands to be able to give back to the local villages and to be able to allow them to grow by employing them.

Waste Zero

Today’s luxury is all saving more and causing zero waste, be it in the materials used, or the use of electricity, water or any such resources that are utilized in creating a product. One brand leading towards the zero waste category is Ren Clean Skincare. In the year 2018, this brand made the pledge to become 100 percent zero waste by the end of 2021. The unique idea that Ren also uses is to request their customers to support its direct competitors, but only the ones who have joined hands with Ren in order to promote the zero waste pledge. The brand completely changed their design and packaging philosophy by using recyclable plastic. Then they also starting moving to other parts of their supply chain cycle, such as the pump which was used in their packaging to a pour out cap which is again made out of recyclable plastic and just by doing so, they are saving 4.4 tonnes of plastic in one production cycle. Other iconic brands who are paving the way are of course, the well-known American ace designer Stella McCartney, and the very newly established Hyderabadi designer Asmita Marwa, who in her latest collection followed the 100% zero waste ideology to create a collection out of recycled, upcycled and regenerative designs. She is one amongst the few other changemakers who are leading the way for the Waste Zero Movement.

Q:   Is SP Jain School of Global Management, Lower Parel a regular college?

A:

The SP Jain School of Global Management, located in Lower Parel, is not a standard regular college. It is a corporate institution that provides specialized management training. Through a variety of degrees, including the Master's and MBA, as well as additional executive education courses, the institution focuses on offering worldwide business education. The SP Jain School of Global Management has a distinctive teaching approach that combines in-class instruction with outside initiatives, industry interactions, and international immersion experiences. It differs from a traditional college because of its emphasis on practical knowledge and exposure to other cultures. It's important to remember that SP Jain School of Global Management is certified and esteemed for the quality of its business school offerings.

Replace Conspicuous with Conscious Luxury

Luxury has always played with the idea of indulgence, extravagance and excessiveness. The word itself, luxury means, to be excessive as per many researchers and scholars. However, brands like Cartier, the iconic French royal jeweller of the elite and Patek Philippe have time and again reminded its consumers of Luxury that should be transgenerational, crossing time and boundaries. Which means one luxury product can and must surpass one’s lifetime. With the proper love and care we must learn to pass on these beautiful pieces to our next of kin, not only because it is grows our bond stronger with our family but also because it allows us to be more conscious and less conspicuous as a consumer. It is true that luxury brands always tease us to have more and more of them, but most of the iconic luxury brands that have been around for hundreds of years, live on the philosophy of less is more and a minimalistic approach.

 

 

Note: The views expressed in this article are that of Smita Jain, Director – MGLUXM, SP Jain School of Global Management and do not reflect/represent those of Shiksha

 

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Address

1st Floor, Kohinoor City Mall, Gate No. 1, Premier Road
Kurla West, Mumbai ( Maharashtra)

Email

embamumbai@spjain.org

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(For admission related enquiry)

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Answered a week 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

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Dipen Shil

Beginner-Level 5

Answered a week 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

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Dipen Shil

Beginner-Level 5

Answered a week 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

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Dipen Shil

Beginner-Level 5

Answered 3 weeks 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

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Dr. Uma Sinha

Scholar-Level 17

Answered a month 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:

CourseTotal Tuition Fee
MAIBINR 38.99 lakh
MGLuxMINR 19 lakh
MscHBL (HIHB earlier)INR 35.13 lakh
EMBAINR 14.86 lakh

43584225
Indrani Choudhury

Contributor-Level 10

Answered a month 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

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Nmuhammad Mubarak

Beginner-Level 4

Answered a month 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.

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Nmuhammad Mubarak

Beginner-Level 4

Answered a month ago

Greetings,

You can apply if you are have a Bachelor's degree with at least 50% marks or equivalent CGPA in any discipline from a recognised university

CAT and GMAT entrance scores are accepted. Both fresh graduates and candidates with maximum five years of work experience, can apply for the programme

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Nmuhammad Mubarak

Beginner-Level 4