Management Development Institute, Gurgaon has completed its final placements in 3.5 days, with a 28.4% jump in top salary to INR 32.1 lacs and a 12.4% increase in the average salary across three streams to INR 16.83 lacs to 18.53 lacs. “Every year, there are always 1-2 stragglers who take more than a week to get placed. This year, even the last student standing got 3 offers. The placements this year is a testimony to the fact that the Indian economy is on a fast-track path to growth,” said Prof. Kanwal Kapil, placements chairperson at MDI, Gurgaon. The 333-strong batch of 2014-16 took a total of 5.5 days (including 2 days of laterals) to get placed. Last year, the batch of 2013-15 had taken 9 days (including 2 days of laterals).
This year’s batch at MDI Gurgaon includes 237 students from PGPM (post-graduate programme in management), 61 from PGP-HRM (PG programme in human resource management) and 35 from PGPIM (PG programme in international management). Highest salary this time was offered by the Boston Consulting Group. The rise in the average salary was driven, among other factors, by a bunch of companies including the likes of Coca Cola, Colgate Palmolive, eBay, Flipkart, Mondelez International, PayTm, Reckitt Benckiser, Trident Group and Yes Bank offering CTCs in excess of INR 20 lacs.
Among the first time recruiters who came to campus were Bharti Axa, Hinduja Group, i3 Consulting, Kohler, Mondelez International, Oxigen, Ramco Systems, Spencer’s Retail, Syngenta, Tata Sky, Welspun Group and Vaibhav Group. Applications for upcoming session at MDI Gurgaon have been closed but the new MDI campus at Murshidabad, Bengal is open.
The other Delhi/NCR based top B Schools like IIFT Delhi has completed final placements with a 23.8% jump in average compensation to INR 18.01 lacs, while average offer at Lal Bahadur Shastri Institute of Management, Delhi was INR 8.5 lacs. Top recruiters are IIFT were Amazon, Goldman Sache, Indus Valley Partners, Cognizant, Edelweiss. While at LBSIM, DE Shaw, KPMG, Grofers, JLT Independent.
This year PPOs have increased too with the largest PPO offer of INR 13.2 Lacs at FORE School of Management, Delhi. “At FORE, we encourage students to be selective in acceptance of offers and not to rush through the process as the first offer is not necessarily the best offer”, said Prof. Rajneesh Chauhan, Chair-Placements at FORE. Top recruiters at FORE were J P Morgan, KPMG, Delloite, Amazon, Cognizant, Flipkart , Bank of America. (MDI Gurgaon 18.53; IIFT 18.01; LBSIM 8.5 lacs; Highest PPO at FORE School 13.2 lacs )