MDI Gurgaon secures 70% placement in Phase-I; Avg salary falls 10%

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: PSUs, banking, consulting, financial services, insurance and investment banking, FMCG, media, manufacturing, IT, pharmaceuticals, retail, telecom, education, infrastructure and SMEs.

Major recruiters for HR profiles were Ernst & Young, Tata Sons, Tata Steel, ICICI, ITC, Maruti Udyog, RPG, Glaxo SmithKline and Sharaf (Dubai). The PGPM and PGPIM recruiters included AIG, American Express, Axis Bank, Bharti, Vodafone, Citi Group, Essar, Glaxo SmithKline, Marico, Godrej, Mahindra & Mahindra, Baxter, Fortis, Goldman Sachs, ICRA, Procter and Gamble, Pepsi, Phillips, Reckitt Benckiser, SBI Capital, SEBI, Cognizant, Tata Group, IBM, Fresenius Kabi Oncology Ltd, Darashaw, Indus Towers and Efficio Consulting (London). Major PSUs recruiters were IOCL, GAIL, PGCIL, Bank of Baroda, IIFCL, IFCI, and SIDBI. Job profiles were Finance, Consulting, IT, Sales and Marketing, General Management and Operations.

On the salary packages offered to students in the first phase of placement, MDI says, Given the fact that the placement process is still on, it will be premature to release the pay packages as of now. Nevertheless, the packages received up till now are on a scale that is satisfying considering the current economic scenario. The highest domestic salary has actually increased from last year, though the average salary has seen a dip of close to 10% as compared to the previous year in the first phase of placement.

While throwing light on the placement scenario, MDI says, The institute has performed creditably not only on the face of economic meltdown and hiring slowdown by the top corporate firms but also in the wake of the challenge of a larger batch size as compared to the previous years. This years figure has noticed an increase of 60% to the total graduating strengths.

Commenting on the highlights of the first phase of placement, MDI said, The institute has made a strategic departure this year in keeping with the changed circumstances. It decided to conduct its placements in two phases. More than 80 companies have come to the campus to recruit and another 30 are slated to come, an increase from 64 that had come last year. The list of recruiters, in continuation with the trend in the last few years, burgeoned both in terms of number and their diversity.
The numbers speak for themselves more than 150 companies evinced interest in recruiting from the 183 students who had enrolled for the Post Graduate Program in Management (PGPM), 55 students enrolled in the Post Graduate program in Human Resource Management (PGP-HR) and 31 students enrolled in the Post Graduate Program in International Management (PGP-IM). Of these, 26 were placed in the lateral placement process and 24 accepted the Pre-placement offers extended to them. In keeping with the recent trend where management students have taken the entrepreneurial route, 16 students opted out to pursue their ambition of being wealth creator for the nation. More than 70% of the graduating batch has already been placed. Remaining students will be placed by the end of this month, says MDI.

While expressing satisfaction over the first phase of placement and speaking on the reform front, Mr. N K Singh, Chairman, MDI Board of Governors, says, The committee set up for this purpose will reframe and redraw our education content in a way that it is relevant to the changing market needs and demands. I assure that MDI authorities will see to it that all the pass-outs are placed suitably at the earliest.