MDI Gurgaon Placements 2019-20: Average salary rises 9.5 per cent to Rs 22.05 lakh

MDI Gurgaon Placements 2019-20: Average salary rises 9.5 per cent to Rs 22.05 lakh

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New Delhi, Updated on Jan 21, 2020 15:21 IST

Amazon offered the highest salary of Rs 40.50 lakh per annum, which is slightly less than the last year’s salary of Rs 40.79 lakh offered by Google.

Placements at Management Development Institute (MDI), Gurgaon has successfully ended. This year, the overall average salary has risen by 9.5 per cent to Rs 22.05 lakh per annum from Rs 20.13 lakh last year.

Amazon offered the highest salary package of Rs 40.50 lakh per annum which is a little less than the highest salary package offered last year of Rs 40.79 lakh by Google. However, the median cost to the company this year rose nearly 11 per cent to Rs 22 lakh from Rs 19.82 lakh last year, said Kanwal Kapil, dean of placements at MDI, Gurgaon.

The batch of 2018-20 had a total of 239 students from PGPM (post-graduate programme in management), 60 from PGHR (post-graduate programme in human resource management) and another 60 from PGPIM (post-graduate programme in international management). Average salary went up across all three courses to Rs 22.15 lakh from last year’s Rs 19.89 lakh in PGPM; to Rs 21.49 lakh from Rs 20.33 lakh for PGPIM; and to Rs 22.23 lakh from Rs 20.93 lakh for PGHR.

The largest recruiter at the institute was PwC US Advisory with 14 offers, followed by Deloitte USI, ICICI Bank and IDFC First Bank with 13 offers each. Airtel made 10 offers.

During placements at MDI Gurgaon, the consulting sector made offers to 21 per cent of the batch, followed by BFSI (20 per cent), technology, telecommunications and media (17 per cent), FMCG/FMCD (15 per cent), e-commerce (12 per cent), conglomerate, automobile, energy and logistics (11 per cent), and pharmaceutical and healthcare (4 per cent).

The e-commerce sector saw the sharpest increase in offers made, with 41 offers across 10 companies. “We witnessed an increase of 141 per cent in the number of offers compared to last year,” said Kapil.

However, offers from BFSI dipped to 72 this year from 88 last year, given the slowdown across the sector.

A bunch of new recruiters also turned up on campus, including Grofers, AkzoNobel, Dell, Lenovo, Tata Global Beverages, IDFC First Bank Tech Mahindra and Xiaomi.

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