Universal Business School, Mumbai gets record placement options for its students despite COVID 19
It has been a year of reckoning for business schools - many had to shut down. As per the All India Council for Technical Education (AICTE) data in July 2020, at least 179 professional colleges, including engineering colleges and business schools,shut down in India in the academic year 2020-21, due to the Covid-19 pandemic.The number of closures is the highest in nine years. Given the edgy job environment, the lure of an MBA degree diminished for some.
However, the B- schools that adapted, thrived. Despite the warning bells, many parents prefer the safety net of an MBA and the placements thereof, as a launch pad for their wards. Universal Business School (UBS), Mumbai has delivered just this. It has completed its placement season for the post-graduation batch of2020 during the challenging COVID-19 pandemic, with the highest package of INR20 lac per annum.
In spite of the economy taking a dive, UBS attracted a record 310 companies to participate in campus recruitment for final placement and the summer internship process. Universal Business School’s Corporate Relations team pivoted to focus on new fast growing companies and attracted 37 new recruiters for the final placement for all three of its management programs- the PGDM batch (2018-20), the PGDM with Global Management Program batch (2018-20) and the 1 year Global MBA batch(2019-20).
In terms of trends-
The average salary for the Top 10% of the students increased from INR 10.95 lacs to INR 13.26 lacs in 2020.
The Top 25% of the students achieved an average salary of INR 10.45 from INR 8.72 LPA in 2019.
There was a 22% increase in the median salary for the flagship PGDM batch
The Average salary for experienced students with over 2 years of work experience was INR 10.25 LPA.5. Over 25 students received more than one offer.
“This is a validation of the pioneering programs and entrepreneurial experiences we offer at postgraduate levels. Corporates have appreciated our pedagogic innovation as well as the global tie-ups forged by us, that offer our students the skills and perspective needed to be part of growing corporations. Our 3E Model of Ethics, Environment and Experiential learning have ensured that our MBAs hit the ground running. We have surpassed the placement figures of 2019,attracted the highest number of companies and achieved the highest average job salary in the last 3 years,” said Tarun Anand, Chairman Universal Business School, Mumbai.
The number of interview opportunities given to the students rose by 34% in 2020.
Universal Business School also continued to excel in international placements by providing attractive talent for global companies in Europe, Canada, UAE and the Gulf, China and Africa. Top jobs came from American investment firm, NovaStar Development LLC, Bernard Schulte, Singapore, and the Sultan Centre in Kuwait etc.
Academic institutions that have been prioritising parent engagement, innovation and introduced contemporary, relevant courses have managed to stay ahead of the curve.
Disclaimer: This is a company press release. No HT journalist is involved in creation of this content.