Average salary offer at MDI Gurgaon rises 9.5 per cent to Rs 22.05 lakh

KOLKATA: Management Development Institute, Gurgaon has completed final placements with an overall average salary of Rs 22.05 lakh per year, a 9.5% increase over last year’s Rs 20.13 lakh.

Amazon offered the top salary package of Rs 40.50 lakh per annum, slightly less than last year’s highest salary offer of Rs 40.79 lakh made by Google.

This year’s median cost to company (CTC), however, rose nearly 11% 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 comprised 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: to Rs 22.15 lakh from last year’s Rs 19.89 lakh in PGPM; to Rs 22.23 lakh from Rs 20.93 lakh for PGHR; and to Rs 21.49 lakh from Rs 20.33 lakh for PGPIM.

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

The consulting sector made offers to 21% of the batch, followed by BFSI (20%), technology, telecommunications and media (17%), FMCG/FMCD (15%), ecommerce (12%), conglomerate, automobile, energy and logistics (11%), and pharmaceutical and healthcare (4%).

The ecommerce sector has seen the sharpest increase in offers made, with 41 offers across 10 companies. “We have witnessed an increase of 141% in the number of offers compared to last year,” said Kapil.

Offers from BFSI, however, 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 AkzoNobel, Delhivery, Dell, Grofers, IDFC First Bank, Lenovo, Tata Global Beverages, Tech Mahindra and Xiaomi.