Placements 2008 has indelibly etched MDI amongst the pantheon of top business
schools in India. For, as the glorious saga unfolded over the Day Zero, the 168 students
who sat for placements ended up with offers of recruitment not only from their dream
companies but more importantly in preferred profiles. The two years of preparation for
the corporate world of some of the most talented minds, selected through unarguably the
toughest examination for managerial aptitude, and rigorously exposed to the best in
management education and industry practice in India proved its worth on the day that
mattered. It was the day for people to dream, to aspire, to realize and to rejoice.
The list of recruiters, in continuation of the trend in the last few years, burgeoned both in
terms of number and their diversity. The numbers speak for themselves – more than 120
companies evinced interest in recruiting from the 115 students who had enrolled for the
Post Graduate Programme in Management (PGPM), 31 students enrolled in the Post
Graduate Programme in Human Resource Management (PGP-HR) and 22 students
enrolled in the Post Graduate Programme in International Management (PGP-IM). Of
these, 35 were placed in the lateral placement process and 12 accepted the Preplacement
offer extended to them. In keeping with the recent trend where management
students have taken the entrepreneurial route, 4 students opted out to pursue their
ambition of being wealth creators for the nation. The rest 117 students were placed in
the Day Zero. In all, 67 companies snapped up the graduating students of the batch of
2006-08.
The list of recruiting companies represents a mind-boggling array of the most reputed
and respected corporate straddling almost all the sectors of the Indian economy:
banking, consulting, financial services, insurance and investment banking, FMCG,
media, manufacturing, IT, pharmaceuticals, retail and telecom.
Major recruiters for HR profiles were Ernst & Young, Hewitt Associates, Mercer
consulting, Bharti, Glenmark, Tata Sons, Tata Steel, ICICI, ITC, Reliance ADAG, Pepsi,
Protiviti (Dubai), RPG and Sharaf (Dubai). The PGPM recruiters included AIG, Asian
Paints, American Express, Axis Bank, Barclays, Bausch & Lomb, Bharti, Citi Group,
Coca Cola, Colgate Palmolive, Ernst & Young, Essar, Glenmark, Glaxo SmithKline,
Goldman Sachs, Heinz, HT Media, HSBC, ICICI, ICICI Securities, IDFC, iMacs, ITC,
Johnson & Johnson, J P Morgan Chase, Macquarie Bank (Australia), Proctor & Gamble,
Pepsi, Phillips, Reckitt Benckiser, SBI Capital, SEBI, Standard Chartered Bank, Tata
Sons & Yes Bank. The PGPIM recruiters included Avalon, Brainmatics, Cairns, Nissan
(France) and SAP VE. Job profiles up for grabs were Finance, Consulting, IT, Sales and
Marketing, General Management and Operations. Out of 67 recruiters in PGPM, PGHR
& PGIM, 22 were first time recruiters. The number of offers per person rose to 1.52, up
from last year’s 1.34.
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Sector Wise Placements for PGPM |
Top-notch international recruiters like Protiviti, Macquarie Bank, Nissan, Sharaf Group
also recruited from the campus. ICICI in continuation with the trend that started last year
once again opened up its most preferred international profiles to the MDI graduates – a
stunning recognition of the talent emerging from the portals of MDI. The going this year
was so good – niche domestic offers, preferred profiles and hitherto unheard of
compensation – that several students preferred to turn down international placements.
Almost like the proverbial bellwether, MDI has proclaimed that it is INDIA that is the most
happening, challenging and rewarding place to work.
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Sector wise breakup for PGP-HR |
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Sector Wise Break Up for PGP-IM |
The pay packages received are on a scale that has the students euphoric. The highest
domestic salary offered for PGPM this year is a whopping Rs. 20.21 Lakhs, as
compared to Rs. 16 Lakhs last year, and the highest international pay check was from
ICICI Bank (575000 Hong Kong Dollars or INR 29.43 Lakhs) and Macquarie Bank
(73,797 Australian dollars or INR 27.80 Lakhs). The average salary is INR 12.50 Lakhs
and the median salary is INR 12.04 Lakhs. For PGHR the highest domestic salary is
INR 14.00 Lakhs and the highest international pay check is 1, 83,800 Dhs or INR 19.80
Lakhs. The average salary for PGHR is INR 11.29 Lakhs and the median is INR 11.50
Lakhs. For PGIM, the first batch was placed very successfully with the average salary of
INR 11.88 Lakhs and the median of INR 11.03 Lakhs. The highest domestic salary for
the PGPIM is INR 14.00 Lakhs & highest international pay check is 87,729 Swiss Francs
or INR 32.88 Lakhs.
With MDI’s graduates setting off on the path towards high-flying careers and ambitious
ventures, the institute fulfills its promise of nurturing young managers inculcated with
sharp analytical and problem-solving abilities, impeccable attitude, and well developed
capability to manage and lead change.
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