Masters’ Union places 2nd cohort at average CTC of INR 33.10 lakh; Surpasses top IIMs

The highest package stood at INR 64.15 lakhs and while the top 25% of the batch landed an average package of INR 44.52 lakhs, the bottom 25% landed an average package of INR 20.02 lakhs.

Master's Union Placements 2022 average CTC surpasses Top IIMs

Masters’ Union, Gurgaon has released their audited placement report for their PGP (MBA) Cohort of 2022. Surpassing the Indian Institute of Management (IIM) Ahmedabad, IIM Bangalore and IIM Calcutta the average package for Masters’ Union 1-year MBA/PGP program stood at INR 33.10 lakhs, the report stated. The placement report is audited by Brickwork Analytics, the rating and auditing agency that audits IIM Ahmedabad’s placement report.

Despite a difficult market scenario amid layoffs across the world, this marks a 13.67% increase from the previous year’s average of INR 29.12 lakhs. The highest package stood at INR 64.15 lakhs and while the top 25% of the batch landed an average package of INR 44.52 lakhs, the bottom 25% landed an average package of INR 20.02 lakhs. The average package for freshers stood at INR 24.44 lakhs. 

Almost 20% of the cohort was placed in highly coveted Chief of Staff or in Founders’ office roles in marquee companies such as Zerodha, Razorpay, Ather, 1Finance, General Aeronautics, Zopper, Prescinto, Jodo among others. Growth & Business related roles were opted for by a quarter of all students at companies like Make My Trip, Cred, Skill-Lync, House of X, Classplus, Newton School, Urban Piper etc.

Data & Consulting roles were third most popular with mainstream recruiters like Bain, BCG, Accenture Strategy, Tata IQ, KPMG, EY, PWC and niche firms such as Thoucentric, Takshashila, JM Financial, Eucloid, etc. Given the tech focus at Masters’ Union, Product/Program Management roles continue to be in demand, with almost a quarter of the batch bagging such roles at Silicon Labs, Commvault, Eightfold, Juspay, Protium, Absolute Foods, GoKwik, Tekion, Cogoport, Gokwik, etc.

The cohort also saw emergence of two student startups; the students decided to sit out of placements and instead raise funds for their ventures. A smaller percentage of students also chose blockchain & crypto based roles at niche companies like ZKX & Dandera.

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