Masters’ Union releases audited placement report; Rs 34.07 LPA average package for 2023 PGP cohort

By Staff Correspondent

Bhubaneswar, Nov. 28: Gurugram-based Masters’ Union, the new-age business school has released their audited placement report for their PGP (MBA) cohort of 2023. The average package for the 1-year MBA/PGP programme stands at Rs 34.07 LPA.

The placement report is audited by Brickwork Analytics, the rating and auditing agency that audits IIM Ahmedabad’s placement report.

As many as 137 companies joined the recruitment drive, with the highest package offered standing at Rs. 57.08 LPA. While the top 25% of the batch landed an average package of Rs. 44.67 LPA, the bottom 25% landed an average package of Rs. 22.35 LPA, marking an 11.64% increase from their previous years’ average.

Manoj Kohli, Chairman, Board of Governors (Masters’ Union), said, “With a global economic downturn, the year 2023 was surely difficult. With constant stories of major layoffs and hiring freezes, we all approached this year’s placement season with anxiety. Both the Careers Advisory Team and the students worked twice as hard to discover recruiters, convert shortlists, and land interviews. I am very pleased that we could open placements in venture capital firms, Founders’ Office roles, and specialist consulting organisations, many of which are recruiting from B School for the first time.”

Pratham Mittal, Founder, Masters’ Union, said, “At Masters’ Union, we’re all about real-world learning. We push students to dive in, move beyond the books, and truly get their hands dirty. Our mission is to propel each student towards an accelerated career journey, arming them with top-tier education and practical skills. We have full faith in our alumni—they’re destined to shatter ceilings and make a global impact. Our success stories include alumni securing positions in renowned companies like Bain & Company, Cisco, EY-Parthenon, ISRO, Razorpay, Ziploan, and more, a testament to our programme.”

The cohort of 2023 saw a substantial increase in salaries, from Rs 8.7 LPA before their MBA to Rs 34.07 LPA after—an impressive 3.91X jump. Consulting topped the list with 21.2% of offers, followed by Venture Capital at 19.0%, Finance & FinTech at 18.3%, Consumer at 14.6%, Emerging Tech at 10.9%, and Large Tech at 4.4%. Recruiters in consulting included McKinsey, Bain and Company, BCG, Accenture, Samagra, EY, Deloitte, PwC, and others. Finance & FinTech had companies like Citi, Aditya Birla Capital, HSBC, CRED, and ICICI Bank among their recruiters.

“Students from the previous Masters’ Union cohort have showcased remarkable performance within their teams at Razorpay, attributing their success to their solid grounding in business and leadership skills. The consistently exceptional quality of the Masters’ Union students for three consecutive years is a testament to the school’s hands-on methodology, where practical business ventures provide real-life context for learning. From my personal experience, I can attest that the emphasis on industry exposure and mentorship courses has prepared these graduates to flourish in the fast-paced and competitive world of business. I look forward to returning next year to witness their continued growth,” said Atul Mehta, SVP, Razorpay.

The report highlighted career transitions for students that encompass roles like Scientist Engineer at ISRO, Product Manager at Cisco, and Growth Manager at Seekho 19. The report also demonstrated internal growth within industries, where alumni have secured promotions to roles such as Senior Manager-Co Lending Partnerships at Ziploan, Senior Management Consultant at EY, and Product Strategy Manager at MoEngage. The cohort also saw the emergence of multiple startups founded by students who underwent the Venture Initiation Program. Some startups include Buzzinga, Crispee, 73 Boston, Soul Gappa, Samarpana, StockUp, Pour, Modulus Fitness, Fundee, Infiniti, Trago, Clitterbird, Samooh, Spik Wash, Unsurge, and Cybertruck, with the first two securing funding of Rs 27.5L each.