MDI Gurgaon Placements 2024: Highest Package: INR 63.3 LPA & Average Package: INR 25.5 LPA

You should actually stop focusing so much on just average placements. My friend is a pass out of MDI Gurgaon and he says your admission to MDI is more than enough to grant you a high-paying job. So rest assured about that part and focus on what the program is teaching and gain as much knowledge as possible. Some highlights from the glittering life at MDI Gurgaon are

• You meet students from versatile backgrounds and cultures that add to the overall learning experience.
• The curriculum is so rigorous that it prepares you for the worse situations 
• The initial months are pretty strenuous and you might find it hard to get a proper sleep
• The much-needed exposure to the corporate world is brought in by industry experts who conduct guest lectures that are very enlightening and interactive.
• Additional exposure is sought through corporate talks, live projects, and tech fests.
• The curriculum is designed in such a way that every student acquires the analytical skills to question and fulfills all the requirements of the corporate world.
• The course structure is updated regularly to cope with the ever-changing external requirements
• The B Schools have an elaborate lush green campus and enjoy easy access through Metro.

All these aspects are as important as placements so considering only average placements is not enough to judge a certain college. Change your primary focus from placements to learning. Being a top 10 school, I am sure MDI Gurgaon won’t disappoint you.

The following are the average salary trends observed during MDI Gurgaon placements over the last three years:

The creators of the placement reports have the liberty to ensure that the maximum earning potential is considered. This is a competitive event that all B schools participate in. This practice, however, would not significantly alter the data because the variable component is typically around 10% of the overall CTC.

It is also worth noting that the relationship between opportunity and pay is not a straight line. Candidates frequently accept lower pay because the opportunity matches their interests and needs.

In the placement process, it is not always the B-Schools that are responsible for reporting inflated packages, but rather the companies. The figure reported by placement cells is referred to as the "Cost to Company" (CTC) and not the take-home salary. This means that simply dividing the CTC by 12 is not an accurate reflection of what you will receive in your bank account each month.

CTC consists of two main components: fixed and variable. The fixed component includes your basic salary, HRA, TA, LTA, employer's contribution to the provident fund, joining bonus, retention bonuses, and ESOPs. The variable component is based on both your performance and the company's performance and is paid out in lump sums either yearly or half-yearly.

Your take-home salary at the end of each month is calculated as basic salary + HRA + TA + other allowances - provident fund deduction - tax. The remaining amount is given to you at the end of the year. To illustrate how companies may inflate their CTC figures, here are a few examples:

• Amazon:

Fixed component: 9 lakhs

Year 1 end retention bonus: 2 lakhs

Year 2 end retention bonus: 1.5 lakhs

ESOP: 5 lakhs to be paid over 3 years

Performance bonus: separate/not reported CTC: 17.5 lakhs

Take-home salary: 65-70k

• Goldman Sachs:

Fixed component + Variable component: 14.5 lakhs

Relocation: 2,00,000 INR (one-time payment)

Supplemental Salary: 3,50,000 INR (supplemental salary is an accrued bonus paid out in monthly installments pro-rated from the date of joining, only applicable during the first year of joining)

CTC: 20 lakhs

Take-home salary: 95-98k

• RBS India Development Center (Royal Bank of Scotland back-end):

Fixed component: 9 lakhs

Variable component: 10-20% of a fixed component

CTC: 10.8 lakhs

Take-home salary: 65-68k

As seen from the examples, despite Amazon having a CTC that is double that of RBS IDC, their take-home salary is the same. This is the typical way it works. The placement teams likely do not have much control over the process.

This answer is based on the experience of a friend who completed her MBA from MDI Murshidabad. The points of comparison between MDI Gurgaon and MDI Murshidabad are mentioned below

• The curriculum is almost similar to the pedagogy adopted is also very similar 
• Most of the faculty is from MDI Gurgaon, IIM Calcutta, IIM Shillong, and other prominent B Schools
• The infrastructure and facilities are decent enough to meet the requirements of a B School.
• The institute provides a decent digital base that has major databases that helps in conducting basic research related to industry and academics. Yet this library is not as fast as MDI Gurgaon.
• Comparing the placements is not justifiable as the duration of establishment is highly varied. But a general view ensures that MDI Murshidabad is going as per the trends in the industry.
• Many national and international companies approached MDI Murshidabad students with decent job offers.

Be it a B School of the MDI family or the IIM family, it’s your efforts that enable you to get successful. Being serious about learning and having the desire to do better helps develop a better business sense which is in dearth these days.

You will be glad to know that the MDI HR batch gets placed much earlier than PGDM. This is because the batch is smaller than the number of visiting companies and hence all the students are placed within no time.

My friend was in MDI Gurgaon HR program and shared the summer placements scenario with me. Packages: 58 students were offered decent packages with the Highest CTC standing at INR 35.57 LPA. In fact the last candidate also got 85000/- month. 

Profiles: Profiles vary from consultants to Corporate HR and Plant HR roles. Around 30 students are placed in consultant roles.

Companies visited: The big names that visited MDI Gurgaon for HR placements were Aditya Birla Group, Google, JSW Group, Accenture Strategy, AON Consulting, Deloitte USI, Dr. Reddy’s Laboratories, Flipkart, Mahindra & Mahindra, PhonePe & PwC US Advisory.

All the top B-School competitions for HR are open for 3 colleges only namely Xl, TISS, and MDI. MDI students have won many such competitions and shone the name of the institute. Without any doubt it is one of the best B Schools in the country and its placements are a testament to that.

The MDI Gurgaon FPM program is structured in such a way that its students are given access to the corporate world owing to their constant commitment to research.

FPM students assist their guide and professors with their consulting assignments allowing them access to many corporations. You might be surprised to know that many firms come to MDI Gurgaon to seek help and consultation from MDI research students. This is done in the form of research assignments and live projects. This becomes possible because their curriculum and research methodologies are designed in such a way. This helps them to conduct elaborate research, understand the industry better and work on relevant industry-related issues.

In a nutshell, MD Gurgaon FPM students do not require placement assistance from a placement committee.

The internship opportunities for GEM freshers or any student depend on

• The organization offering internships
• And the roles offered

Most companies only consider past academics while shortlisting students. However, some companies have specialized criteria. For instance, a consulting firm prefers work experience that too in a similar domain. Top firms in the Finance sector like JPMC and Goldman Sachs prefer CAs or students with Finance backgrounds.

So we can conclude that although there is no specific distinction between GEM and other students, freshers do get an upper hand in Marketing and Sales roles. A lot of opportunities are there so don’t lose hope.