MDI Gurgaon’s student bags 55 lakh salary 

MDI Gurgaon’s student bags 55 lakh salary 

​The Management Development Institute (MDI) in Gurgaon has wrapped up final

placements for its 2015-17 batch, with a top international salary of Rs 55 lakh ($80,700) by Singapore-headquartered Tolaram Group and the highest domestic offer of Rs 28.74 lakh by


The average salary for the batch went up slightly to Rs 18.89 lakh from Rs 18.53 lakh last time, when the top offer was Rs 32.1lakh from a domestic company. Although B-school placements have been sluggish so far, the high point of this year’s placements at MDI was the sharp increase in international offers — 15 this time compared with only one for the 2014-16 batch.

Apart from four offers made by the Tolaram Group, which is in consumer goods, digital services, energy and infrastructure in emerging markets, there were eight offers from Anheuser-Busch InBev, the world’s largest brewing company. Johnson & Johnson Dubai, Philips Lighting and Pernod Ricard each made one offer for global postings, MDI placements chairperson Kanwal Kapil told ET.

A total of 343 students participated in the placement process — 238 from the flagship management course, 60 students from the human resource management course and 45 from the international management course. About 100 students received pre-placement offers based on their performance during summer internships.

The average salary in the post-graduate programme in management was Rs 19.25 lakh while in the HR management course it was Rs 18.3 lakh. In the flagship PGPM programme, 25% of the students were absorbed by the banking, financial services and insurance sector, 22% by consulting, 17% by fast-moving consumer goods and consumer durables companies, 10% by information technology and IT-enabled services companies and 8% by manufacturing.

More recruiters were invited this time to make up for the decrease in the number of offers per company, said Kapil. Of the 143 companies that participated, 54 were first-timers including Aditya Birla Fashion Retail, Crompton Greaves, Directi and Hindware. The regulars were Axis Bank, ICICI Bank, ITC, KPMG and Godrej Industries, among others.

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