The class of 2006 at the Management Development Institute, Gurgaon has set new standards of achievement by attracting leading companies from India and abroad during the placement process that concluded recently. The students of the 2004-06 batch of MDI Gurgaon will soon enter the corporate world as alumni of one of the nation’s leading business […]
The class of 2006 at the Management Development Institute, Gurgaon has set new standards of achievement by attracting leading companies from India and abroad during the placement process that concluded recently. The students of the 2004-06 batch of MDI Gurgaon will soon enter the corporate world as alumni of one of the nation’s leading business schools.
This year marks a significant milestone for MDI, with the passing out of the first batch of 52 students specializing in Human Resource Management. A total of 57 leading companies courted the 174 students with a wide range of profiles. The fight to attract some of India‘s leading minds led to the highest domestic salary of Rs. 12.35 lakhs. The mean salary at the institute rose to Rs. 9.1 Lakhs, a stupendous rise over the previous year’s figure of Rs. 8.32 Lakhs. The mean domestic salary offered this year was Rs 8.61 Lakhs. Similarly, the average salary for the inaugural HR batch stood at an impressive figure of Rs. 8.03 Lakhs., with a median figure of Rs. 7.75 Lakhs.
The job profiles on offer spanned all the major functional areas like corporate finance, private banking, sales and distribution, HR consulting, IT etc. Recruiters from the Finance and Banking sector included the likes of Deutsche Bank, Goldman Sachs, J.P.Morgan, ICRA, GE, DSP Merrill Lynch, UTI Bank and ICICI. Nearly 29 % of the PGPM batch secured an offer with a Finance profile. Reflecting the growing strength of the Indian IT industry, the major names in IT came on campus to recruit a large chunk of students. IBM, Infosys, Wipro, Patni and HCL were among the major recruiters from the IT industry.
MDI’s standing in the marketing domain was reinforced by the likes of ITC, Godrej and Boyce, Reckitt Benckiser, the Aditya Birla Group and Nestle, who recruited nearly 46% of the batch for both marketing as well as sales profiles.
It was the emergence of HR which was the highlight of Placements 2006. All 52 students who had majored in HR were lapped up by recruiters in record time. The star recruiters included William Mercer, Hewitt Associates, Bharti, Growtalent Consulting, Air India, GSK, the Aditya Birla Group and GE. Recruiters for HR came from a variety of sectors including IT, Consulting, Banking, FMCG, Manufacturing and Media among others.
The sectoral breakup of the companies that recruited candidates from the PGPM batch reflects a healthy mix of industrial sectors including FMCG, Banking, IT, Manufacturing, Media, and Telecom among others. Organizations from the IT & ITES industry along with FMCG companies attracted a major chunk of the batch.
With a sizable proportion of the batch strength having prior work experience, a large number of candidates participated successfully in the lateral placement process, with companies like Bristlecone Consulting, Atos Origin, Accenture, HP and Mercer among the prominent recruiters. Reflecting the institute’s growing international stature, foreign placements at MDI touched a new high. Prominent recruiters were Olam International, the Sharaf group of Dubai, Deugro and the Jumbo group. The highest international salary was Rs. 28.87 Lakhs.
