MDI Final Calls 2005

MBA
565
Dont worry Rohin... u'll be allowed to visit the campus... thats no issue at all!!

Cheers

Prateek



Thanks Prateek for the Speedy response...

will be coming to the campus on theis coming weekend..Would like to meet you guys..Let me know if you guys are free
566

Well to start with, let me introduce myself. I am Ashish from Delhi and have got a final call from MDI for PGPM. Most probably I will be joining. Had heard a lot about this site from guys during interview, so thought why not find some to be batch mates here.

See ya all joining MDI and let us make the batch of 2005 a long remembered one.

567

Hi all Mandevians(Prateek,Ashima,Rome....)

I am a computer engineer & have got in MDI PGPM & want to specialize in finance. Please tell me more abt placements in Investment Banks from MDI Campus. Kindly help me

Yashowardhan

568
hi

i submitted the fees today.went to the campus and sbi for loan
but do call me on 16


Good Dude that you got the work done. i'll call you up on 16th.. that'll also help me gigure out the loan procedure in a better way.
Looking forward to happy days at MDI!
569

hi guys,

one querry...someone told me there is a prty organized at MDI for students who are joining before the session starts........prateek please confirm.....even if it is not there can we start it from this year....it will be a get together toooo............

looking forward to meeting everyone there............................



Sank

570
hi guys,

one querry...someone told me there is a prty organized at MDI for students who are joining before the session starts........prateek please confirm.....even if it is not there can we start it from this year....it will be a get together toooo............

looking forward to meeting everyone there............................



Sank


You have come across partially correct info!! There is indeed a get together organised - but not specifically for new students.

Generally in May end - there are MDI's Alumni Meet all over India, and obviously one of them is in Gurgaon!! So the students joining the college, and living in nearby areas are invited for the meet!!

last year party was on 22nd May - dunno dates for this year!!

Cheers

Prateek
571
Hi all Mandevians(Prateek,Ashima,Rome....)

I am a computer engineer & have got in MDI PGPM & want to specialize in finance. Please tell me more abt placements in Investment Banks from MDI Campus. Kindly help me

Yashowardhan



Same query here .. working with a s/w company for the last 20 months.. one major reason for opting to do an MBA is to switch to a career in finance..

I'd like seniors to throw some light on this ..
572

Hi prateek and other ppl....


Please help me in the things....

I am BE COMP and working in patni for last 20 months....
As of now i want to go in for IT consulting firm as my career.....
I have WL13 in NITIE... whihc ppl say will be converted....
so please provide following info

1. Information about the placement figures at MDI for IT....
2. Information about the laterals...
3. With my profile whether i will be eligible for the same...
4. Recruiters.... in this field
5. The average sal fig at MDI is 8.3 lacs... which is more than even IIMs... so please let me know whether this is true....

Regards
Mohit

573
You have come across partially correct info!! There is indeed a get together organised - but not specifically for new students.

Generally in May end - there are MDI's Alumni Meet all over India, and obviously one of them is in Gurgaon!! So the students joining the college, and living in nearby areas are invited for the meet!!

last year party was on 22nd May - dunno dates for this year!!

Cheers

Prateek



whenever it is, i m definately coming.....(party ke liye main kahin bhi ja sakta hun). looking forward to the meet.



prateek i know this has come up many a times but still it would be great if u could clear the doubts about placements. is it really such great or is it boalted a bit. it would be better if we have clear picture before we join...atleast the hopes and aspirations will be on the ground.

thanks a lot for ur untiring effort to clear our doubts and help us.

Sank
574
Hi prateek and other ppl....


Please help me in the things....

I am BE COMP and working in patni for last 20 months....
As of now i want to go in for IT consulting firm as my career.....
I have WL13 in NITIE... whihc ppl say will be converted....
so please provide following info

1. Information about the placement figures at MDI for IT....
2. Information about the laterals...
3. With my profile whether i will be eligible for the same...
4. Recruiters.... in this field
5. The average sal fig at MDI is 8.3 lacs... which is more than even IIMs... so please let me know whether this is true....

Regards
Mohit


Same Story Pal.
What's your opinion?
575
Same Story Pal.
What's your opinion?




buddy no offence,

but after all u have written in FAVOUR of MDI....do u still want to consider MDI. thats really strange and u are contradicting urself.

comments welcome.
Sank
576

Hi Prateek...

Even I would like some more info on the placements.....plzzz...i hope u understand we need to get a very clear picture before we head to MDI...
thanks....

577

Hi Prateek/Ashima,

Could you give some more info about the exchange program at MDI with regards to the following :

  1. Eligibilty criteria
  2. Various costs to be borne by the student ( except travel and stay)
Tried searching for this info on the site, but couldn't find anything....

rgds
ronnie
578

hi ronnie....


there's no specific eligibility criterion... it's on the basis of an interview condusted by the profs at our college.. as far as the expenses are concerned u get a waiver as far as the tuition fee is concerned other expenditure has to be borne by u.. but there are some scholarships available..

QWezark

579
hi ronnie....


there's no specific eligibility criterion... it's on the basis of an interview condusted by the profs at our college.. as far as the expenses are concerned u get a waiver as far as the tuition fee is concerned other expenditure has to be borne by u.. but there are some scholarships available..

QWezark


Hi Qwezark,

Thanx for the quick reply ! Sorry to be a bother, but what is the extent of the waiver (on an approximate basis )??? Also, I read somewhere in the brochure that scholarships of 10 K each are available to the top 5 students every year - is this the scholarship you are talking about ???

thanx
ronnie
580
Hi Prateek...

Even I would like some more info on the placements.....plzzz...i hope u understand we need to get a very clear picture before we head to MDI...
thanks....

posting from what one of my seniors had to say about placements and stuff go thru it and for mor details check out..
http://www.pagalguy.com/cat/showthread.php?t=6926&page;=8&pp;=25

Guys..its really sad to see whats happening hereand im already sick of receiving calls during my holidays to come and respond..anyways.id plan to make sense one more time as my last post went waste anyways.

Barring one company Power Finance corporation no company added training cost in their ctc and barring two companies UTI Bank and Power Finance Corporation no company added interest benefits to their ctc. The companies pay half you interests on the home loans and vehicle loans availed by u. For ex. UTI bank pays interest on home loans which comes to over rs 60000 per annum and also another 25k for vehicle loan on ur behalf..Approx in most companies, this componant alone comes to Rs 1 lakh. Add training cost and other benefits to the salaries stated by the companies and u do get the average salaries as quoted.

The salaries quoted at MDI as CTC by the companies included, basic, DA, HRA, Special allowance(cash componant which can be adjusted anyways u want to), medical, gratuity, provident funds and some mentioned leave travel.

MDI cannot quote blatantly wrong figures as they can be questioned. But yes, this has been the standard paramter to calculate our ctc and MDI has not backed out from mentioning what they have added to form the CTC. How many of the other instis are giving u the exact breakup?

I dont wana support my institute coz I have mixed feelings towards everything in life. But yes, I guess, in this particular context, things have been blown out of proportion. You guys heartily wished prateek, raj, qwezark, sammy, ashima, etc when they took time off to tell u ur calls, to help u in ur gd/pi, u guys said MDI was doing a great job..but today ur belting the same guys for no mistake of theirs..the official figures have been put up by the placement committee..why blame these guys for all this?

I have no soft corner for my juniors or batchmates either..infact frankly..if u ask me whom id wana stay in touch with 10 years down the line..i can name only 4 professors out here who have provided terrific support throught my stay education wise and other wise. They have been my true friends here with whom ive shared everythingso I wont get anything by supporting my juniors or insti.

Regarding the salaries.bschool salaries have always been blown out of proportion by every bschool. Too much hypeive always tried to state the truth.and have gone to the extent of posting that MBA itself is not a requirementits all hype..too much of it..im doing that coz this forum has given a lot to me and I dont want to misguide people here. Bschools have become nothing but employment exchanges for the junta now and nobody seeks beyond placements. Theres a lot to get out of a bschool and until u guys realize that..ul only stick to one parameter throught ur lives PLACEMENTS.

Average Salaries- top salaries ctc, gross -------- all bullshit. Cash that I can take home for me and my family..the north India head and his team who had come to interview me told me that I can take close to 30k home (depending on how I plan my tax) average for MDI in terms of take home cash this year would be 35k.there are quite a few companies who are payin over 50k in cash and Im sure there are over 25 students atleast who fall in this category. Most fall in the 30-38 category

One more incident id like to bring to ur noticeI dont blame u guys for ur outburst against MDI.but yes.there was one more top insti which had its placements sometime before we guys did. They quoted an avg salary close to 7.5 lakh..but frankly 6 of my friends study there and I know the true picture..and my very close friend told me that SBI Bank was a Day Zero company there.while at MDI SBI was one of the last companies on campus who could harldy get the number of students they wanted. It was one of the later companies on Day ONE. I knew 7.5 lakh was hogwash, given the companies that visited there..but yes, I had nothing to say coz each insti has its own parameters of calculating their ctc salaries and one must learn to respect that. If u cant, then ask for cash componant details and make ur own judgements..u dont have to strip every post made by a bschool.

For the uninformed, here are the details of the companies that visited /were slotted for placements:

FMCG/Consumer Durables:
Agrotech, Asian Paints, Cavin Kare, Cadburys, Dabur, Gillette, Godrej, GSK Consumer Healthcare, ICI Paints, ITC, Nestle, Reckit Benkieser, Whirlpool, Goodlass Nerolac, Samsung, Loreal..though the later companies didnt get students to recruit

Banks and Financial Institutions:
Deutsche Bank, BNP Paribas, HSBC(Amc), American Express, Inductis(offering over 8 lakh and non differiantial unlike what somebody said earlier), GE Money, GECIS, GE India, UTI Bank, SBI Caps, SBI Bank, IDBI Bank, IDBI Ltd, HDFC Bank, JP Morgan ERG, JP Morgan CRG(for both laterals and freshers.laterals with higher than entry salary entry salary being 6 lakhs plus benefits for ERG), Power Finance Corporation, Securities Trading corporation of India(empty handed), ICICI Prudential, ICIC Lombard, Pulsar Knowledge Centre(offering 5.5 lakhs at entry levels conducted processes for 3 lateral candidates who rejected their offers and so the company went back empty handed), CARE(empty handed), GHF Financials for trading(empty handed), Aranca Equity research( empty handed)

Consulting:
William Mercer Consulting, Hewitt Associates, KPMG, Delloite Haskins and Sells, Kurt Salmon Associates Technopak, Grant Thorton, Grow Talent(HR Consulting)

IT/ITES
IBM Global Services, Hewlett Packard(5.75 for freshers and 7 lakh for laterals), Tata consultancy services(laterals plus finals), I-Gate, Wipro(laterals and finals), Infosys(laterals and Finals), Satyam(laterals), SIFY(laterals), Ramco Systems(my roomie with 4 years exp got in J ), Birla soft(laterals payin over 7.5 lakh gross salary), HCL Techonologies, Patni Computers(laterals only paying over 7 lakh).. EXL Services, Evalue Serve, E serve, carritor, HCL Comnet, NIIT, though none of these later companies got any students.

Pharma:
Ranbaxy, Glenmark, Wockhardt(International Marketing Division), Lupin Pharma(supply chain management), Dr Reddys Laboratories..though only Ranbaxy Glenamark and Lupin got guysrest didnt.

Telecom:
Bharati(paying over 7.5 lakh exclusive of interest benefits, mobile bills, telephone facilities for home, etc etc), Siemens, IDEA Cellular and Tata TeleservicesBharati got over 4 guys and Idea and Tata Teleservices got none..

Groups:
Aditya Birla Group, Anand Group, DCM Shriram, Usha International Ltd,though only Aditya Birla Group got students

Others
British Oxygen Company, DHL(supply chain), Eicher, Group M, Maruti, NDPL, Star TV(picked up a guy with 3 years experience).though only DHL and Star TV got guys.

Ive posted these details just to ensure u guys have enuf information to make ur own judgements..use this forum to make judgements, not pass unwanted comments coz frankly.u guys should be bothered of ur take aways from here..making blatant comments dosent serve any purpose.
Guys.ive laid down the whole scenario in front of uevery bit of information Ive hadand I hope u understand that we as students are not here to boast of something which we are not. Ive give u the break up of average cash/take home salaries..ive given u the reasoning for the 8.3 lakh avg salary(which given the parameters stated by the placement committee holds true)..ive tried and answered most of ur questions. As regards international placements..somebody mentioned we didnt have them.ofcourse we did, but they were turned down coz of the students personal problems. Infact, we were one of the first schools to get international offers this year and the article was out in the newspapers that my batchmate had an international offer from Philips but we have not mentioned it as it was not taken..we have not mentioned anything which has not been taken by the studentsbut ya.with what offers have been accepted, the ctc which the college feels is the best measure and has been practicing every year has been considered. We have been honest enuf to give u the exact break up of the ctc that we have quoted..believe me, not many schools would wana do that.
I hope atleast now, some sanity and peace would follow here and also a word of advice to the junta..kindly understand that the ctcs, average salaries are all exaggerated, but each institute has its parameters and mention their salaries accordingly..so why blame a particular institute??????? Again its not coz im from MDI, but even as i browse thru pgforum it gets disgusting to see this every now and then.....

luv
bingo
581

Hello seniors
some more queries on your way...

How good are the Fin courses at MDI ??
What kind of jobs do the students specialising in Finance get ??

Also heard abt a mutual fund called Unnati is managed by students at MDI .. some info on that too wud be great...
__________________________
career follows learning

582
nagarjuna Says
Also heard abt a mutual fund called Unnati is managed by students at MDI .. some info on that too wud be great...


Yes indeed Unnati is an Investment Group, which is "totally" run by students itself. The amount is collected from Students, Faculty (and soon from Alumni) and the same is invested in actual stocks in the market.

There are two kind of funds been operated as of now - Diversified & Mid-cap. Both generated a return of around 50% last year (NAV touched around 15).... VArious research reports are generated in this club. The club has now moved to International Stock exchanges also (although with virtual stock here)

Unnati is the first of its kind across any b - school in India & we certainly are proud of it.

I'll be posting an entry about all club activities @ MDI on http://prateek2410.blogdrive.com/archive/67.html to know about extra curriculars @ MDI
583
Hi Qwezark,

Thanx for the quick reply ! Sorry to be a bother, but what is the extent of the waiver (on an approximate basis )??? Also, I read somewhere in the brochure that scholarships of 10 K each are available to the top 5 students every year - is this the scholarship you are talking about ???

thanx
ronnie


Dude,
The scholorships for the exchange program are given out by respective universities, so the scholarship can vary across univs, the tution fee is waived for all univs so that reduces the expenditure drastically.
Other than that you would end up spending 75K to 1.5 L depending on the univ, your lifestyle etc., for a period of 3 months.
Don't worry too much about it right now, MDI provides one of the best exchange programs in the country.
Also adding to what DeMo had to say, your first term CGPA has an imp role to play for getting into the top exchange univs like the ones in France & Belgium.

Hope I have been able to clear your doubts.

Regards,
Raj.

P.S yours truly is going to EDHEC, France.
584
buddy no offence,

but after all u have written in FAVOUR of MDI....do u still want to consider MDI. thats really strange and u are contradicting urself.

comments welcome.
Sank


Excuse me Sir,
After reading your Reply .. I went back in the thread to find out what were you talking abt!
I have no where written anything abt MDI.
What makes you think I would not consider MDI?
And yes please do clarify where am I contradicting myself!