Highest international stipend stood at staggering INR 4 lakhs, with best profiles on offer to the students
The Management Development Institute (MDI) recently organized the summer placements process for the first year students to provide them an efficient amalgamation of theoretical learning and practical application for exploring the complex and real world business scenarios.
As compared to the last year data, MDI hit the chart with 115 companies recruiting 296 students (PGPM-236 and PGHR-60). The key recruiters this year included Axis Bank, Citigroup, GE, ICICI, JP Morgan Chase, Nomura, Religare, SBI Capital and Standard Chartered Bank, Aditya Birla F&L, Asian Paints, Bharti Airtel, Coca-Cola India, Godrej, Google, Johnson & Johnson Medical, Pepsi, Procter & Gamble, Reckitt Benckiser. 40 companies were the first-time recruiters which included big names like Abbott, Aditya Birla F&L, Arcelor Mittal, Corning, Google, Juniper Capital, Religare, and The Times Group. Apart from private sector firms, several students chose to intern in public sector enterprises such as Bank of Baroda, Bank of India, ONGC, Punjab National Bank, etc.
The companies represented almost all the sectors of the Indian economy: banking, financial services, investment banking, consulting, FMCG, retail, manufacturing, IT, telecommunications, pharmaceuticals, fashion, and media. Students have got the opportunity to discover the new sectors this time as the companies have offered various new profiles. In Finance, students have bagged offers for roles in investment banking, wholesale banking, equity research, asset management, treasury, trade finance, corporate finance, and private equity. Other range of profiles offered by the corporates included sales and marketing, operations, consulting, analytics, strategy and international business.
The highest percentage of students opted for sales and marketing profile offered by the renowned companies such as Aditya Birla F&L, Asian Paints, Bharti Airtel, Coca-Cola India, Godrej, Google, Johnson & Johnson Medical, Pepsi, Procter & Gamble, Reckitt Benckiser, RPG, SAP, and Vodafone, among others.
MDI observed an excellent shift of increment in stipends offered to students this year. The highest domestic stipend among students from the PGPM program was a whopping INR 1.5 lakhs, while the highest international stipend stood at a staggering INR 4 lakhs. The average stipend was INR 63,000. For students from the PGP-HRM program, the highest stipend was INR 1.5 lakhs. The average stipend for PGP-HRM was INR 68,000.
MDI’s strong brand presence as one of the top B-Schools across India and abroad was highlighted not only by the addition of several new names in the recruiters list, but also by the enhanced association with companies that have been long-term recruiters. Companies such as Asian Paints and Corning have offered Strategy and International Business profiles at international locations. With the successful completion of the summer placement process, MDI proved its excellent relations with the corporate world and has provided them with another batch of enthusiastic students, ready to take the industry by storm.
About MDI Gurgaon
MDI is one of the top B-Schools of India and it is known for academic excellence, high quality research, high end executive education, and internationalization. It has the distinction of being the first internationally accredited Indian B-School by Association of MBA (AMBA) and by South Asian Quality Standards (SAQS). For more information visit www.mdi.ac.in
