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

Colgate-Palmolive.

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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