Final Placements for the batch of 2014–2016 at MDI Gurgaon saw the highest domestic CTC offered go up by a remarkable 27.5% to Rs. 32.1 lakh (per annum) for the flagship PGPM and a 13% increase in average compensation at Rs. 18.53 lakh across the three courses.
Placement for the 333-strong batch, comprising 237 PGPM students, 61 PGP-HRM and 35 PGP-IM was completed in 3.5 days. As many as 106 students received Pre-Placement Offers either from their summer internship organizations or through various B-school competitions.
This year also witnessed a substantial increase of 35% in the number of companies confirming their participation at the placement. Of the total 123 recruiters, 112 selected students from PGPM, 40 from PGP-HRM and 36 from PGP-IM.
The average CTC offered to the PGPM students was Rs 18.95 lakh while 31% of the batch received offers over Rs.20 lakh. In PGP-HRM, the highest CTC was Rs. 30 lakh and average CTC of Rs 18.70 Lakh. Average CTC of the batch rose by 20% over the previous year. In PGP-IM, highest CTC was Rs. 30 lakh and average CTC at Rs. 16.59 lakh. As many as 106 students of the batch received Pre-Placement Offers (PPOs).
In function-wise split for PGPM/PGP-IM, Sales & Marketing claimed 36% followed by General Management & Strategy at 25% and Finance 23%.
The consulting domain witnessed a remarkable increase in the number of offers being made with major global consulting firms recruiting for the first time. Apart from Strategy Consulting, niche profiles such as Risk and Financial Advisory, and Operations Consulting were offered to more than 65 students.
Regular recruiters such as Accenture Strategy and The Boston Consulting Group made multiple offers. PwC’s PRTM Management Consulting recruited for the first time for its management consulting profile. Firms such as Gallup that primarily recruit from Global Ivy League business schools participated in the final placement process. Stellium Inc. recruited for its niche Operations Consulting profile. Deloitte U.S. India and KPMG were major recruiters in strategy consulting domain, making a total of 23 offers.
Hinduja Group recruited for the first time for its prestigious Hinduja Leadership Program. Airtel, Reliance Industries Ltd., Tata Communications, Syngenta Business Services, and Welspun were among others who offered business leadership roles.
In Banking and Finance domain, Goldman Sachs, JP Morgan Chase, Langham Capital, and Nomura were the prominent recruiters that offered investment banking profiles with majority of students securing Pre-Placement Offers.
Bharti Axa and General Motors recruited for the first time for their finance divisions. Niche roles were offered by private Equity firms such as India Alternatives. Regular recruiters such as American Express, Axis Bank, Citibank, Bank of America, HSBC, ICICI Bank, Standard Chartered, Synergy Consulting, and Yes Bank offered roles in Treasury, Corporate Banking, Project Finance, and Retail Banking and Wealth Management.
In Sales & Marketing, Asian Paints, Colgate-Palmolive, Coca-Cola, Dabur, Hector Beverages, PepsiCo, and Reckitt Benckiser among others, offered PPOs, with Dabur offering an international role.
Companies such as L’Oréal and Reckitt Benckiser offered Pre-Placement Interviews to the students based on their outstanding performance in B-school competitions. This season also witnessed a number of new
recruiters such as Paytm, Oxigen, Tata Sky, Shopclues, and Welspun.
In Operations/IT/Others, Hexaware Technologies and Ramco Systems recruited for the first time. Mondelēz International recruited after a brief hiatus. Adobe, Google, Sprinklr, McKinsey Digital Labs, and The Bain Capability Center offered their Product Management profile.
E-commerce giants such as eBay, Snapdeal, and Shopclues among others, offered analytics roles to the students. Regular recruiters such as Maruti Suzuki India Limited and Tata Steel offered roles in Supply Chain Management.
More than 35% of the students in Human Resources Management (HRM) received PPOs. Aditya Birla Group, Cipla, and Reliance Industries Limited recruited more than 15 students. Aon Hewitt, EY, and Mercer recruited for HR consulting roles.
The Class of 2016 comprises of students from diverse academic backgrounds with more than 12% non-engineers. The batch had an eclectic mix of students from various specializations such as arts, commerce, science, psychology, journalism, and medicine. It had a healthy gender diversity of 29% female students.
The students have a prior work experience in various sectors, with Manufacturing, IT/ITES, BFSI, and Consulting being the most prominent ones.