|
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 set 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 pre-placement 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 nation. The rest 121 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, FMGC, 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 Pamolive, 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, Standard Chartered Bank, Tata Sons & Yes Bank. The PGP-IM recruiters included Avalon, Brainmatics, Cairns, Nissan (France) and SAP VE.
Job profiles up for grabs were Finance, Consulting, IT, Sales & 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.
Top-notch international recruiters like Protiviti, Macquarie Bank, Nissan, Sharaf Group also recruited from the campus. ICICI, in connection 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.
The pay packages received are on a scale that has the students euphoric. The highest domestic salary offered for PGPM this year is whopping Rs. 20.21 Lakhs, as compared to Rs. 16 Lakhs last year, and the highest international paycheck 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 PGP-HR, the highest domestic salary is INR 14.00 Lakhs and the highest international paycheck 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 PGP-IM, 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 and hightest international paycheck is 87,729 Swiss France 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. |
