New Delhi: Masters’ Union School of Business, a start-up kind of business school in Gurugram, has come under the limelight after its first batch of PGP-TBM students bagged an average pay package of Rs 29.12 lakh.
The school’s flagship programme is the 16-month intensive PGP-TBM (Post Graduate Programme in Technology Business Management), from which this inaugural batch has graduated.
The PGP-TBM course is an on-campus programme. The first batch comprising around 65 students began the programme in 2019. According to a source in the know, the course fee is Rs 20 lakh for the 16-month programme.
Some of the biggest recruiters were Microsoft, Virtusa, CISCO, BCG, Bain & Company and Indian start-ups like Razorpay, and Unacademy.
The top 10 per cent of the batch got packages upwards of Rs 43.66 lakh and the top 50 per cent bagged Rs 36.12 lakh. While the average package for freshers was Rs 23 lakh, the bottom 10 per cent got packages starting from Rs 16 lakh. Moreover, 7 per cent of the batch have started their own start-ups and raised VC funds.
In a statement, Masters’ Union said its placement report was audited by rating and auditing agency Brickworks Analytics.
With product and programme management in high demand, almost one-third of the batch bagged roles in the category. Consulting companies hired around 13.28 per cent of the batch.
Around 12 per cent of students bagged roles of executives in which they would get the opportunity to work with founders in leading start-ups like Neemans, Sequoia-funded OneCode, AgNext.
The students were taught and mentored by CEOs, CXOs, top academicians, and Members of the Parliament (MPs). Some of the mentors were Narendra Jadhav (former chief economist, RBI), Shashi Tharoor (MP), Rajat Mathur (MD, Morgan Stanley), Captain Raghu Raman (former president, Reliance Industries), Arun Malhotra (former MD, Nissan India), Elkana Ezekiel (former CMO, Samsung Electronics), Satish Krishnan (former MD, Financial Markets, Standard Chartered Bank), Mukund Rajan (former MD, Tata Teleservices).
A group of business stalwarts, from top academics to senior bureaucrats, invested Rs 300 crore to build the Masters’ Union. These included Arun Maira (former chairman, Boston Consulting Group), Mukund Rajan (former MD, Tata Teleservices), Karthik Ramanna (University of Oxford), Narendra Jadhav (Rajya Sabha MP and former Chief Economist, RBI), Tathagata Dasgupta (chief data scientist, Viacom), and Bhaskar Chakravorti (former professor, Harvard Business School, and former partner, McKinsey & Company).
The campus of Masters’ Union is located in Gurugram’s Cyber City. It offers more than 87 electives, giving students the chance to construct a tailor-made PGP programme that fits his or her personal and career goals.
“We have new-age, core, and industry concentrations. Candidates are free to pursue a generalist path towards management or specialise in particular areas by choosing industry concentrations. However, regardless of the path they decide to take during elective terms, everybody graduates with the same PGP TBM certificate with an opportunity to choose industry concentrations,” according to the school statement.
Masters’ Union usually holds 2 to 3 classes a day, lasting 120 minutes each, Monday through Thursday. Students also have assignments and group projects, career counseling sessions, and extracurricular activities, which keep them busy over Friday, Saturday, and Sunday.
The PGP-TBM at Masters’ Union, with its unique 16-month format, encapsulates the best global practices in management education through an accelerated pedagogical approach. Designed to be a fast-paced academic experience, it includes 12 months of rigorous academic training in core areas and industry concentrations with a three-month period of internship and industry immersion, with opportunities to network and seek mentorship.
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