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Is the MDI Murshidabad worth joining keeping in mind the brand tag of MDI Gurgaon and is the highest package mentioned in report inflated? Can we trust their reports?
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.
How long did it take you to recover the fees paid for PGPM of MDI Gurgaon?
I asked a friend about the time it took him to pay back the loan he had taken to pursue PGDM at MDI Gurgaon. An estimate revealed 5-7 years. However this is subject to change as not everyone receives the same package.
Currently, MDI Gurgaon PGDM fees is ?23.47 Lakhs. On comparing this with the average package INR 26.65 LPA, we can say that the fees can be easily paid within 5 years time considering the interest and additional expenses.
But tell me is getting an equivalent package the only way to recover the fees. Is it not recovered through the knowledge you have gained, the various experiences and the gateway to success. One can never repay back the fees in reality.
How good is IIFT as a college is when compared to IIMs, FMS, SPJIMR, and MDI?
IIFT was established in 1963 by the Government of India as an autonomous organization to professionalize the country’s foreign trade management and increase exports by developing human resources, analyzing and disseminating data, and conducting research. Among the top 10 business schools, it is the only B-school in India that offers an International Business program. This institute is also known as the Mecca for trade.
The major pros and cons of the institute have been entailed below
Pros
- It is one of the best B-Schools in the country and one of the finest in Asia if you want to pursue a career in Trade. As per NIRF Ranking 2018, the Institute has been ranked as number 23.
- Highly recognized organizations like WTO, OECD, World Trade Centre & European Union come to India for recruitment and visit only IIFT.
- The batch size is very small thereby rendering unlimited opportunities to its students. It is literally the Mecca for Finance.
- IIFT Delhi has been winning the CFA Equity Research challenge nationally for 2 out of the last 3 years.
Cons
- IIFT Delhi campus is very small, around 6.5 acres. Rooms are triple occupancy in the 1st year and double in the 2nd.
- Big names in consulting like McKinsey, BCG, and AT Kearney, are yet to visit the IIFT Delhi campus.
What do I choose between SP Jain (in finance specialization) and MDI Gurgaon, if one is not sure of the specialization?
Both S Jaim and MDI Gurgaon are highly-ranked colleges. So choosing the colleges can be made easier by referring to the general placement statistics of both institutes.
|
Particulars |
MDI |
SP Jain |
|
Number of Recruiters |
87 |
116 |
|
Highest CTC |
INR 1.14 CPA |
INR 61.5 LPA |
|
Average CTC |
INR 26.65 LPA |
INR 29.5 LPA |
|
Top Recruiters |
Microsoft, Google, HCL, Adobe |
Accenture, Amazon, Microsoft |
MDI Gurgaon Placements 2022 saw the participation of 87 recruiters. Among them, 35 were first-time recruiters. Major recruiters included Asian Paints, Axis Bank, HCL, Infoedge, Microsoft, Samsung, Flipkart, Amazon, Jio & many more. The participating batch comprised a total of 391 students. Students received 131 pre-placement offers.
During SPJIMR Placements 2022, 75 recruiters visited the campus. Some of the top recruiters are Accenture, Aditya Birla Capital, Amazon, American Express etc. PGDM students 123 PPOs/PPIs. The highest salary offered was INR 53.16 LPA. The average salary of PGDM students was INR 32.06 LPA.
In terms of placements, MDI Gurgaon fares better than SP Jain although the difference between the two is not notable.
Is MDI Gurgaon a good option to pursue an MBA?
MDI Gurgaon is certainly not a new name amongst MBA aspirants in India. Like the IITs and IIMs MDI also needs no bold introduction. So if your question is simply if MDI Gurgaon is good or not then the simple answer is yes, it is very good indeed. But if you are looking for a more detailed answer as to what makes it a good option over other B Schools, here it is.
Management Development Institute, known as MDI Gurgaon is one of the leading private B-schools founded in 1973. Ranked 10 for Private MBA by NIRF 2020 and 3 for Private MBA by Outlook 2020, it is one of the top institutes for Management education in India for offering PG, executive PG, doctoral, and Management development programs to students. Other highlights include
- The placements are at par with IIM (L I K)
- The curriculum is well structured and rigorous which makes its students corporate-ready
- The campus life is enriching and you are bound to create innumerable memories.
- MDI Gurgaon has been the first Indian B-school to have received international accreditation from the Association of MBAs (AMBA) London in 2006 and hence enjoys global recognition.
If you are confident you can get into this B School with your profile and CAT score, don’t leave this opportunity at any cost.
Which college is better for an MBA in Marketing - JBIMS, SP JAIN or MDI Gurgaon in all various aspects and I have converted all three?
My personal preference is MDI Gurgaon among all the colleges you have mentioned. This institute excels in many aspects when compared to other B Schools.
Placements: Placements at MDI Gurgaon are much better than JBIMS and SP Jain. The table below has proven the same through statistics.
|
Particulars |
SP Jain |
JBIMS |
MDI Gurgaon |
|
Number of Recruiters |
75 |
68 |
87 |
|
Highest CTC |
INR 53.16 LPA |
INR 42 LPA |
INR 1.14 CPA |
|
Average CTC |
INR 32.06 LPA |
INR 27.63 LPA |
INR 26.65 LPA |
|
Top Recruiters |
Accenture, Aditya Birla Capital, Amazon, American Express |
Accenture, KPMG, EY, Deloitte, PwC, Infosys |
Microsoft, Google, HCL, Adobe |
Faculty: Without any doubt, MDI Gurgaon has the best faculty in the whole of India. It comprises the most learned personalities in the industry. It has around 80 nationally and internationally acclaimed faculty.
Corporate talks: Owing to its location in a metro city, MDI has a lot of corporate talks that are way ahead of normal guest lectures and add to the overall experience of the students. You may even find MD/CXO level folks from Deloitte/ColPal visiting and giving Corporate talks.
Clubs: MDI runs its own Mutual Fund Unnati where students get to learn the tactics of investing in stocks. Illumina is a rural marketing research concept where students get to learn consumer behavior first hand.
Exchange Program: The highlight of MDI Gurgaon is its exchange program is the best in the country. MDI has partnered with several foreign countries and students have to choose from them. MDI’s PGPIM program gives you a dual degree with 1 year in MDI and 1 year with ESCP Europe among various other options. Students completed their internships in European countries and secured International Job offers and settled abroad after this program.
All these major factors are more than enough to convince you against joining other B Schools if you have converted MDI Gurgaon. I have seen many students forgoing offers even from IIM Kozhikode and IIM Indore just for MDI Gurgaon.
How are HR summer placements at MDI Gurgaon? What is the average stipend received and what are the profiles offered?
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.
Which one is better in IIM Trichy or MDI IM course?
Earlier there was a major difference in the placement scenario of both the courses and institutes. For the IM course, one had to study at a foreign business school, with which MDI has a tie-up during the second year, and manage your internship on your own. Moreover, they let you sit for the final placements only.
On the other hand, at IIM you can avail of the summer placements, and PPO and then even sit for final placements.
Fortunately now, the PGPIM is a 2-year residential course at MDI Gurgaon campus only, with summer and final placements happening along with the PGP students. Through this, it has overcome its shortcomings of average final placements and is a much better option than IIM Trichy.
Can someone brief me with the profiles (academics/cat percentile/work ex) of the people that made it into MDI Gurgaon?
There is no specific profile that is able to make it into MDI Gurgaon. Some are able to make it into MDI even with the 94 percentile and some are not able to get even with the 98 percentile. It’s the personal interview and GD round that comes into play here. The ones with lower percentiles usually have exceptionally good communication skills. The ones that make it into MDI with high percentile usually have decent work experience and profile.
But for MBA-IM there are many with mid-94–95 percentiles and decent profiles.
The conclusion is that you either need
- High CAT score
Or
- Excellent profile
Or
- A very good GDPI score
A rich blend of the three increases your chances of getting into MDI Gurgaon drastically.
Which would be a better choice between SPJain Information Management specialization and MDI Gurgaon PGPM?
A specialization in any field be it Information Management or Finance, will limit your job prospects whereas a general PGDM will keep your options open. By choosing the IM specialization you can expect the following roles
- Consulting (strategy, operations, technology)
- Sales/pre-sales (software)
- Product managers
- IT managers (corporate IT roles)
- Analytics
- Banking
If these are exactly the kind of roles you were looking for, then specialization in IM is not a bad option. But if you want to explore more fields then PGDM is best for you.
It’s important to note that these roles will automatically be offered to you even if you choose the MDI Gurgaon PGDM course in addition to other job profiles in Marketing, Finance, Ops, etc.
So choosing PGDM will keep your options open, whereas choosing SP Jain will limit your options as you have to stay committed to your specialization both in terms of what you learn and what jobs you are looking for. However, if you are choosing SP Jain because of personal preferences like location, batch size, brand name, or course, then it is altogether a different topic.
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