Unveiling the Success Story: Nitish Jain Discusses SPJSGM's Outstanding Placement Performance

The outstanding performance in placements at SPJSGM is truly noteworthy, reflecting the culmination of various key attributes embedded within the institution's ethos. What sets SP Jain School of Global Management apart is the ability to attract ambitious, bright, and hardworking individuals who consistently go the extra mile.

Moreover, SPJGSM's unique multi-city model, spanning Singapore, Sydney, and Dubai, not only furnishes students with a distinctive global perspective and cross-cultural competence but also offers invaluable opportunities for hands-on projects, guest lectures, and networking events, says Nitish Jain, Founder & President of The SP Jain Group, founded the SP Jain School of Global Management in an exclusive interview with Shiksha.com. 

 

Q1. The outstanding performance in placements is noteworthy. What key attributes of SPJSGM, in your perspective, played a crucial role in achieving this remarkable success?

 Top companies have very exacting standards and demand that students meet this high bar. We maintain rigorous academic and training requirements. Fortunately, we attract ambitious, bright, and hardworking students who consistently put in the extra effort required. Additionally, our multi-city model, which requires students to spend a term each in Singapore, Sydney, and Dubai, not only equips them with a unique global perspective and cross-cultural competence but also provides opportunities for hands-on projects, guest lectures, networking events, industry trips, and global immersion experiences in each city. Collaborating with a diverse community of peers, faculty, and practitioners from around the world enhances their global teamwork skills, which is highly valued in the job market.

Q2. Kindly provide details on the highest salaries attained this year for both programs. Additionally, what percentage growth was observed?

 Overall, average salaries have seen a substantial increase this year. Our MBA grads graduates witnessed a five-fold post-program salary increase, with the highest package reaching INR 72.8 lakhs. The average salary also saw a substantial 33% year-on-year increase, reaching INR 32 lakhs. Our Master of Global Business grads, who often enter the program fresh from undergraduate studies, reported a seven-fold increase in their post-program salaries, with the highest package at INR 48.8 lakhs. The average salary for MGB graduates also saw a notable 21% rise from the previous year, reaching INR 19.8 lakhs. Over 50% of our 2023 graduates secured positions at companies in Dubai and Singapore, underscoring the global appeal and recognition of our programs. Others chose placements within India.

 Q3. GMBA placements in 2023 were predominantly in consulting. What factors contribute to consulting being an attractive career choice, and how does SPJSGM prepare its students for success in this field?

 The consulting industry is known for offering highly competitive salaries and the potential for rapid career advancement. Our students are well-prepared for these opportunities due to the cross-functional learning and analytical abilities they develop in the program.

 Our MBA program places a strong emphasis on experiential learning, case-based analysis, and the incorporation of real-world consulting projects into our curriculum. Furthermore, our robust connections with industry partners and consulting firms give our students access to internships, networking events, and valuable mentorship programs. Our global model equips our students with the essential skills to excel in diverse teams and collaborate with clients from around the world. This prepares our students to adapt to various business environments and operate effectively in multicultural settings, a quality highly regarded in the consulting industry.

Q4. Considering the dynamic changes in the educational landscape and the increasing need for specialized skills, how can business schools effectively evaluate their growth from an educational standpoint?

Tracking factors such as job placement rates, salary increases post-graduation, and alumni success stories can provide valuable insights into a school's effectiveness in preparing students for the job market. Secondly, business schools should continuously assess their curriculum to ensure it aligns with the evolving needs of the business world. Regularly updating courses to include the latest industry trends and technologies can help maintain the school's relevance and demonstrate its commitment to delivering relevant education.

Q6. Looking forward to 2024, what predictions can be made for the future of business education, and how might these predictions impact the way institutions approach curriculum development, student engagement, and technology integration?

There will be a heightened emphasis on AI and data analytics as essential skills in the modern business landscape. The adoption of online and hybrid learning models will continue in response to the need to make education more flexible and accessible.

Additionally, there will be a stronger focus on personalized learning, interdisciplinary curricula, and the integration of emerging technologies like AI and VR. To remain competitive, institutions will place a premium on experiential learning, soft skill development, and ethical and sustainable business practices.

Q7. Examine the factors that contribute to the popularity of certain MBA programs over others. What criteria do prospective students consider, and how well do these programs align with the current demands of the business landscape?

Reputation, ranking, and ROI are critical aspects, as they serve as tangible indicators of a program's quality, relevance, and potential benefits. Additionally, programs offering international learning experiences, opportunities to work in global teams, and a focus on technology and soft skills development are increasingly becoming more appealing to prospective students as they align well with the current demands of the dynamic business landscape. Ultimately, MBA programs that effectively balance these factors tend to attract a broader audience of students and better prepare them for success in the ever-evolving world of business.

Q7. How is the ongoing digital transformation influencing business education, and what successful strategies has SP Jain employed to seamlessly integrate technology into their curriculum and teaching methodologies?

Our programs are designed to be agile and responsive to evolving technologies, such as Generative Pre-trained Transformer (GPT) and data analytics. This ensures our students graduate with the expertise needed to leverage cutting-edge tools for innovative solutions. Furthermore, we've invested in state-of-the-art infrastructure and digital tools, providing students access to virtual labs, simulations, and collaborative platforms that enhance their learning experience. Our faculty undergo continuous training to stay updated on the latest technological advancements, including tools like ChatGPT, enabling them to deliver engaging and innovative lessons.

Q8. Could you offer guidance for MBA aspirants aiming to become sustainable business leaders?

Select an MBA program that offers a strong sustainability curriculum, emphasizing courses and experiential learning opportunities in sustainable business practices. Second, actively engage in sustainability-related networking, research, and initiatives to build a robust foundation in this field. Lastly, cultivate soft skills such as leadership, communication, and ethical decision-making, which are vital for effective sustainability leadership.