If you are planning to take entry to top MBA colleges in India, IIMs probably come to your mind. But, I am sure that you must be aware of other alternatives as well. Yes, MDI, Gurgaon is a perfect alternative to the IIMs and other top institutes if you are an MBA aspirant. Management Development Institute or MDI Gurgaon, is ranked among the top 10 in the management schools by NIRF 2020. It offers MBA/PGDM, Executive MBA/ PGDM courses to aspirants.
The last batch witnessed a 100 per cent placement record with whopping packages up to 40.50 Lakhs INR PA. Also, the average package often crossed the 20 Lakhs INR PA mark for the same batch. MDI is also India’s first B-school which has the much-coveted accreditation by Association of MBA’s (AMBA) London. The Management Development Institute has also been set up in Murshidabad, West Bengal recently. This is very good news for the City of Joy.
Are MDI Placements as good as the IIMs?
The Management Development Institute or MDI, Gurgaon is as good as any of the IIMs with respect to the quality of education and next with regard to placements. The Flagship PGP program at the institute costs about 18.48 Lakhs INR for 2 years whereas on an average the top IIMs will require 20 – 27 Lakhs INR for 2 years. The career outcomes post studying from MDI are also similar to that of the top IIMs. Let’s take a look at the Placement details of the 2018-2020 batch below:
- A total of 359 students took part in the placement event, out of which 239 students represented the PGPM course. While the rest 60 students were from PGP-IM and PGP-HRM each.
- The campus witnessed at least 126 top companies. Among them, 41 companies were new recruiters.
- The IT companies were recorded to have made the maximum number of offers sharing 34% of total offers.
- Students at MDI bagged excellent packages. The highest salary package was 40.50 Lakhs INR, and the average salary was 22.05 Lakhs INR, PA. The median salary package offered was 20 Lakhs INR PA.
- MDI, Gurgaon saw many top-notch companies visit their campus like Dell, Lenovo, L’Oreal, Axis Bank, Yes Bank, and many others. These companies happened to be the top recruiters.
On the other hand, the 2018-2020 batch of IIM Bangalore too witnessed good placements. The average salary offered was similar to the Management Development Institute, Gurgaon. The average package at IIM B was 24.54 Lakhs INR PA, and the median package was 23 Lakhs INR PA. Similarly, IIM Ahmedabad recorded 25.83 Lakhs INR PA as average salary, while the median salary was 30 Lakhs INR PA. So, you can see that the average package and the median salary of MDI are as good as some of the top IIMs. Also, it’s courses come at a lesser cost compared to the top IIMs.
Let’s also take a look at the Highest, Average and Median salary offered at Management Development Institute, Gurgaon and IIM, Calcutta in the last 3 years below:
|INR 40.50 LPA
|INR 22.05 LPA
|INR 22 LPA
|2017 – 2019
|NR 40.79 LPA
|INR 20.13 LPA
|INR 19.82 LPA
|2016 – 2018
|INR 35 LPA
|INR 19.17 LPA
|INR 18.30 LPA
|2018 – 2020
|2017 – 2019
|2016 – 2018
So, you can see that there is not much difference in the average salaries drawn at both these institutes. The course fee at IIM, Calcutta is 54 Lakhs INR for 2 years, which is much more than fees at MDI, Gurgaon.
Sector-wise Placement Offers at MDI, Gurgaon
MDI offers various courses like the PGPM, PGP-IM, PGP-HRM with specializations in Business Analytics, Finance & Accounting, Human Resource, Marketing, and International Business. During the placement event, the students in all these sectors of the last batch got offers in their respective domain. Let’s take a look at the percentage of offers received by students of various specializations at different sectors below:
|% of offers
|Marketing. E-commerce & Others
|Engineering, Construction & Manufacturing
|Consulting & Analytics
Now, after getting a fair idea about the remarkable placements offered by the college, one must be wondering what is the eligibility criteria to apply for the courses here. So, let’s know about that as well below:
MDI Eligibility Requirements
To be eligible at such top colleges like MDI, Gurgaon, one has to be eligible enough to apply and take entry to its prestigious courses. So let’s check the eligibility details here.
- The aspirants must have 50 per cent marks or equivalent CGPA in 10+2 and in 3-year Graduation degree as well.
- For this course, a Master’s or Bachelor’s (4 years minimum) degree is required along with a minimum of 50 per cent marks or equivalent CGPA.
- Aspirants also must have at least 1 year of work experience after the 4-years Bachelor’s degree.
MDI PGP Selection Process
Candidates seeking admission for the prestigious courses must have to appear for CAT (Common Admission Test). Based on the CAT scores, if one is shortlisted, then they will receive a call for GD round followed by an Interview and Written Test. The average CAT cutoff score here is 97 percentile. The Shortlisted candidates will have to log in to the official MDI website to select their course. The declaration of the selection and merit list for admission to various courses will be based on weightage given on CAT Scores, Academics, GD-PI performance and Written Test. CAT score carries a maximum weightage of 55 per cent, followed by WAT, GD-PI of 30 per cent and Academics & Work Experience of 15 per cent.
If aspirants fulfil the above criteria, they will find their names in the merit list and get a chance to experience world-class education at MDI. Also, you can be relaxed to know that even if you somehow could not manage the IIMs, there is the MDI where you can get selected and pursue your dream career. So, keep your options open, stay focussed on your CAT 2020 preparation to score well, which can fulfil your dreams.