MDI Gurgaon final Placement 2016: Breaks all records; over in 3.5 days with higher packages

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MBAUniverse.com News Desk |
February 9, 2016
MDI Gurgaon reinforced its position as one of the premier business schools in the country as it completed its Final Placements for the batch of 2014-2016 in 3.5 days
Average package across the 3 courses saw a 13% increase over the previous year with the highest domestic compensation increasing by a remarkable 27.5% to INR 32.1 Lakhs

MDI Gurgaon reinforced its position as one of the premier business schools in the country as it completed its Final Placements for the batch of 2014 – 2016 in 3.5 days. A total of 333 students participated in the placement process, with 237 students from the flagship PGPM course, 61 students from the PGP-HRM course, and 35 from the PGP-IM course. 106 students received Pre-Placement Offers either from their summer internship organizations or through various B-school competitions.

This year witnessed a substantial increase of 35% in the number of companies confirming participation for the final placement process. The average package across the 3 courses saw a 13% increase over the previous year with the highest domestic compensation increasing by a remarkable 27.5% to INR 32.1 Lakhs.

The placement season saw an overwhelming response from companies spanning across various functions such as Consulting, General Management, Finance, Strategy, Sales and Marketing, Operations, and Information Management. Reputed startups opened a gamut of profiles to leverage the talent pool at MDI Gurgaon. According to MDI “The stellar placements at MDI stands testament to the faith shown in its pedagogy, faculty, alumni and students by the stalwarts of the industry. The regular recruiters at MDI reinforced their faith in the quality of talent by hiring in big numbers.”

The placement seasons over the years at Management Development Institute (MDI) Gurgaon have consistently ended with yet higher salary packages indicating that placement at MDI is not a flash in the pan despite global economic slowdown.

The Class of 2016 comprises students from diverse academic backgrounds with more than 12% non-engineers. The batch had an eclectic mix of students from various specializations such as arts, commerce, science, psychology, journalism, and medicine. According to MDI Gurgaon “In keeping with industry trends, MDI Gurgaon always tries to maintain a healthy gender diversity in its class of aspiring leaders. This year witnessed a similar trend with 29% of the batch consisting of female students. The Class of 2016 encompasses a mix of students having extensive industry experience as well as fresh graduates who bring in new perspectives and innovative ideas to the classroom. The students have a prior work experience in various sectors, with Manufacturing, IT/ITES, BFSI, and Consulting being the most prominent ones. This diversity provides for an ideal bed of talent for recruitment.”

MDI placement trends
MDI Gurgaon has a consistent record of excellent placement. The average placement packages have consistently been on the rise during the past many years at MDI Gurgaon with more and more recruiters coming for placement year after year.

35% more recruiters confirmed their presence at MDI placement 2016. Companies have made more offers in the Placement season 2016 with higher placement packages than 2015.  Students participating in the placement process got desired placements in top rated companies at higher placement packages. Continuing for the past many years, the rising trend in placement packages at MDI Gurgaon has reinforced its position as one of the leading business school achieving stellar placements for the batch of 2014-16 in record time.

Placement 2016 at MDI witnessed a 13% increase in average compensation from regular and first time recruiters. Marching on the path of success and proving no slowdown in its PGDM placement offers, the placement seasons at MDI Gurgaon have seen a consistent rise in highest and average placement packages in all the 3 programmes.

Compensation

PGPM (Rs. in lakhs)

PGP-HRM (Rs.in lakhs)

PGP-IM (Rs.in lakhs)

Highest salary 2014

23.36

22.30

23.10

Highest salary 2015

25.18

21

22.50

Highest salary 2016

32.10

30

30

Average salary 2014

14.74

13.10

13.43

Average salary 2015

16.86

15.57

15.54

Average salary 2016

18.95

18.70

16.59

It may be noted that there is an increase of more than Rs. 2 to Rs.3 lakhs in  average salary packages in the 2 programmes and of more than Rs.1 lakh in PGP – IM at MDI Gurgaon in placement 2016 over 2015.

Alongwith the past recruiters more new recruiters participated in the placement process 2016. Out of 123 recruiters, 112 made offers to 237 PGPM students; 40 to 61 PGP-HRM students and 36 to 35 students of PGP-IM.

The unique feature in the placement process was the diversity of profiles offered to the students which gave them a good choice in terms of industry and the role.

31% Students received offers over Rs.20 lakhs marking an increase of 20%  in average salary of PGP-HRM over the batch of 2013 -15.  106 Students received Pre-Placement Offers

 Domainwise placements
MDI Gurgaon further fortified its position towards becoming a preferred destination for the General Management and Strategy function. The consulting domain witnessed a remarkable increase in the number of offers being made with major global consulting firms recruiting for the first time. Apart from Strategy Consulting, niche profiles such as Risk and Financial Advisory, and Operations Consulting were offered to more than 65 students.+

Domainwise placement 2016 at MDI Gurgaon recorded 36% share in Sales & Marketing; 25% share in Management & Strategy; 23% in Finance; 9% in IT/ITES; 4% in Others.

Sales & Marketing
Sales and Marketing domain saw maximum placement share in 2016.  The major recruiters comprised companies from FMCG/CD, E-commerce, Manufacturing, Pharmaceuticals, and BFSI, recruiting for their sales and marketing function.

Major marketing firms such as Asian Paints, Colgate-Palmolive, Coca-Cola, Dabur, Hector Beverages, PepsiCo, and Reckitt Benckiser among others, offered Pre-Placement Offers to the students, with Dabur offering an international role. Companies such as L'Oréal and Reckitt Benckiser offered Pre-Placement Interviews to the students based on their outstanding Performance in B-school competitions. This season also witnessed a number of new recruiters such as Paytm, Oxigen, Tata Sky, Shopclues, and Welspun.

Finance
Many leading Finance firms made large number of offers with niche profiles. Major recruiters in this domain were Goldman Sachs, JP Morgan Chase, Langham Capital, and Nomura were the prominent recruiters that offered investment banking profiles with majority students securing Pre-Placement Offers. Bharti Axa and General Motors recruited for the first time for their finance divisions.

Niche roles were offered by Private Equity firms such as India Alternatives. Regular recruiters such as American Express, Axis Bank, Citibank, Bank of America, HSBC, ICICI Bank, Standard Chartered, Synergy Consulting, and Yes Bank offered roles in Treasury, Corporate Banking, Project Finance, and Retail Banking and Wealth Management Diverse roles in the Consulting domain were offered by Adobe, The Boston Consulting, Cognizant, Deloitte, Grail, KPMG, MEC, Pricewaterhouse Coopers, Synergy and Michael Page.

General Management
The General Management and Strategy domain saw a significant rise in the number of companies making offers. Regular recruiters such as Accenture Strategy and The Boston Consulting Group reaffirmed their faith in the quality of talent at MDI Gurgaon and made multiple offers.

Consulting & Strategy
PwC’s PRTM Management Consulting recruited for the first time for its management consulting profile. Firms such as Gallup that primarily recruit from Global Ivy League business schools participated in the final placement process, thereby reiterating the global stature of MDI Gurgaon. Stellium Inc. recruited for its niche Operations Consulting profile. Deloitte U.S. India and KPMG were major recruiters in strategy consulting domain, making a total of 23 offers. Hinduja Group recruited for the first time for its prestigious Hinduja Leadership Program. Airtel, Reliance Industries Ltd., Tata Communications, Syngenta Business Services, and Welspun were among others who offered business leadership roles.

Operations, IT & Others
Hexaware Technologies and Ramco Systems recruited for the first time offering their much sought after IT leadership roles. Mondelēz International recruited after a brief hiatus. Adobe, Google, Sprinklr, McKinsey Digital Labs, and The Bain Capability Center offered their Product Management profile. E-commerce giants such as eBay, Snapdeal, and Shopclues among others, offered analytics roles to the students. Regular recruiters such as Maruti Suzuki India Limited and Tata Steel offered roles in Supply Chain Management Set up in 1973 MDI Gurgaon has earned the reputation of being among the top rated B schools of the country. MDI has the distinction of being the first internationally accredited Indian B-School. It was accredited by South Asian Quality Standards (SAQS) in 2005 and by Association of MBAs (AMBA) in 2006.

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