MDI completes summer placements

Average stipend sees 24% rise

Gurgaon-based business school Management Development Institute (MDI) completed the Summer Placements for the Class of 2015, comprising 293 students. The institute said that despite lingering fears of an impending recession and an uncertain economic environment, they completed placements in  record time with more than 120 companies participating in the process.

MDI Gurgaon said that the average stipend rose by 24% over the last year. The highest stipend for Post Graduate Programme in Management (PGP) was Rs 2 lakh (average stipend of Rs 1 lakh) whereas that for  Post Graduate Programme-Human Resource  Management (PGP-HRM) was Rs 1.5 lakh (average stipend of Rs 95,900).Further, there was an addition of a number of new recruiters, and niche profiles like media and advertising, fashion and lifestyle, digital marketing, crowd-sourcing and sports marketing were offered in lines with the changing trends.

"Many students preferred to further develop their entrepreneurial skills by opting for start-ups over other companies," said the institute. The Class of 2015 has a mix of students from diverse educational backgrounds, with close to 14% of them coming from non-engineering backgrounds like Arts, Commerce, Economics, Fashion Technology, Medicine, Psychology and Science.

Sales & Marketing continued to be the most preferred profile with 48% of the students from PGPM course accepting profiles in sales and marketing. The FMCG sector has continued its strong association with MDI over the years and this year was no different. In addition, this year saw increasing participation from other sectors like Telecom, Banking and E commerce. Airtel, AkzoNobel, American Express, Asian Paints, Castrol, Coca-Cola, Colgate-Palmolive, Dabur, Flipkart, PepsiCo, Procter & Gamble, Puma, Tata Motors, Tata Steel, and Vodafone among others offered roles in Sales and Marketing functions.

Despite the economic slowdown, finance companies also came in for summer placements. Companies including American Express, Axis Bank, Citibank, Goldman Sachs, HSBC, ICICI, India Alternatives, JP Morgan, Jones Lang LaSalle, Langham Capital, Nomura, Philips, RBS, SBI Capital Markets and Synergy Consulting among many others participated in the summer placements. The offers were made for roles in Investment Banking, Wholesale Banking, Retail Banking, Equity Research, Asset Management, Treasury, Corporate Finance, Risk and Private Equity.

The Consulting domain saw participation from consulting majors such as Avalon Consulting, Cognizant Business Consulting, Deloitte US India, TCS, Technopak and Wipro. In general management , industry players like Mahindra, Philips, Reliance Industries and RPG made large number of offers in this domain.

The Healthcare sector was strongly represented by participation from majors like Eli Lilly, BI Pharma and Boston Scientific among others.Apart from the regulars at the campus, Aviva,Perfetti Van Melle, Procter & Gamble and Zovi also opened their operations role at MDI.

The major recruiters for the students of PGP-HRM offered roles in Corporate HR, HR Consulting and Industrial Relations. Major recruiters included Aditya Birla Group, Alcatel-Lucent, Deloitte, Ernst & Young, Godrej, GlaxoSmithKline, IBM Consulting, ICICI, People Strong, Pepsico, Philips, Reliance Industries Limited among others.