What say Janta ? (addressed to ppl with more than 10 posts)
its really irritating to read a reply like this from the MDI guys.
There have been a lot of guyz in this thread who try to show tht since they are oldies they have the right to analyse and the newbies r fools.
I think its time tht u wake up . who says tht posting 400 msgs in 200 days wud make u a savant. the fact is I joined PG abt a yr back whn i got calls frm bschools and i wanted to knw the details abt a sckool bfore choosing one.
I am sure there are many new members who have also come for tht very same purpose. so guyz its better tht u stop treating the new ppl as niggers.
MDI guys try and come up with some facts (no fiction plz) .there is no point in tryin to hit out at K or I (or any other instis for tht matter).
PPl who say tht this thread has bcome vindictive and shld be locked plz do note tht of all the placemnts completed so far MDI has announced the bst results .
so its quite natural tht ppl will b interested to knw how thy achieved tht feat.
cheers
:)
qwezark Saysam i supposed to laugh....
pls laugh
then take ur time off and tell us wat happened at mdi and then laugh again
brute_mba Saysalso 1 more hing the mdi website is grounded for the last 2 days? wat happened ur officials want to hide their email ids :x
well what was intended by this statement:huh: ...dunno whats happening here....arguing on facts is rite..but wut will a statement like this reflect...:huh: ...
ciao..
pls laugh
then take ur time off and tell us wat happened at mdi and then laugh again
Subtle Haryanvi humour ,if there is any such thing!
pagalguy SaysReally.. what a nitwit! Posting from an MDI IP. Now this is getting cheaper and cheaper and the only sane person who is holding this together is Prateek. Junta @ MDI, I am sure you know how much I hate impersonation - one more stupid move from this and a lot more people will go on the offensive. Get real.
Woohooo!!! This is one hilarious thread. ROFLMAO!
You BSchoolers rock bigtime! Literally! Period!
pagalguy SaysReally.. what a nitwit! Posting from an MDI IP. Now this is getting cheaper and cheaper and the only sane person who is holding this together is Prateek. Junta @ MDI, I am sure you know how much I hate impersonation - one more stupid move from this and a lot more people will go on the offensive. Get real.
This is what I meant !
How about the nitwits with less than 10 posts and all of them( posts) on this thread..do you have any details about them too...we would like to see those too...
Thanks & Regards
This is what I meant !
How about the nitwits with less than 10 posts and all of them( posts) on this thread..do you have any details about them too...we would like to see those too...
Thanks & Regards
What do you mean by that ? There is no conspiracy. You guys are the one impersonating. All other IPs are pretty varied and split between bschools and dialups. Plus there is NOTHING to it, its you folks who have some answering to do.
Latest confirmed news is that star tv has picked ppl with as low as 3.1 lacs and any mdi guy if u have objections quote wat has star paid in ur campus, this is one of the co. which goes to sibm (communication)
"PaGaLGuY.com is not responsible for the views and opinions of the posters. "
Well... Me got nothing else to say....
yes.. the mandevans will give us an explanation but till then.. all u junta pls wait....
no use going on bashing them... give them a chance to have their say too.....
until then... all u guys ( including all the sub 10 posters) chillax.....
Puneet
Hi.... i work with TCS...am in mumbai...
planin on taking a vacation soon....any suggestions???
i heard Mhatheran is cool (being a hill station and all)
but any cool beaches near by??
heard Damman and Diu are great....
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This one is for all the people who made me waste my time
going through stuff which ain't relevant to this thread in the first place
all u guys with boxing gloves take this one somewhere else ...
and those with itchy keyboad fingers...put ur keyboards on
saftey .......
may the nxt post on this thread be the from statistics MDI
today... tommorow or even next month if they choose...
Peace Love and Rock'n'Roll
hey all
phewwwwwwww was in the midst of a wonderful vacation when i was called upon by a few people saying a lot of interesting stuff was happening on pg regarding MDI ...
first of all, thanx to a few people who said they were waiting for me to post on this forum coz they believed me......thanx guys.....
secondly.....most seniors are off campus and have no clue of whats happening here and hence the delayed replies......and juniors are busy with their mid terms.....
thirdly....regarding the doubts........
MDI did have a good placement season.....the tagline of 6 and a half hours represents only the students who werent placed on day zero or thru ppos or thru laterals......and this was about half the batch.......
Our day zero happens like any other bschools.....again, some companies have lengthy process which span over 8 rounds.....for which they do their earlier rounds much before and do the final rounds on the placements days......and im sure its the same accross most bschools.
Regarding teh avg salary and lowest salaries.....i was kinda shocked too ....was wondering what the hell was i doing when all these salaries happened
but anyways.....i called up the placement secretary and clarified the rationale behind the 8.3 lakh figure.....etc etc......
He said the standard procedure that has been followed over years has been break up into five componants....
1. cash componant
2. Variable pay(companies have promised upto 100% of variable pay)
3. Loans and benefits on interests
4. Training and development
5. Other benefits like leave travel etc
So the 8.3 lakh figure is inclusive of all this......some companies state it, some companies dont......but the placecom secretary mentioned all these are clarified with the companies for computing the average salary and only after arriving at a standard parameter where these factors are considered for every company on campus, the average figure has been arrived at.
I was also told by the placecom secretary(who is also a faculty at MDI and has been into other bschools - top ones before coming down to MDI) that he has seen bschools(some top schools) have thier standard procedures for salaries.....some schools have a delta figure......where they multiply their stated gross salary with a delta of 0.3 and add it to the gross to arrive at ctc coz they belive that is the right salary....
No bschool would give u insights into all this......and like ive mentioned earlier....no point in pointing fingers at any bschools. End of the day.....eveybody should know what he wants and im sure each one of us have our sources to know whts best for us.
So guys.....i hope my answers have satisfied some or most of u......and i would not be able to post on pg for some time coz im still holidaying .....and wana forget bschool life for some time before i join the company which has risked recruiting me .
If u have any other doubts....... i cant post my cell no as its not allowed on the forum for public display....so the only other alternative would be to wait till i get back online which i guess will not happen for quite some time as i wana forget the 2 years of bschool life and njoiiiiiiiiiiii my hols.
Praying for some sanity and peace
luv as always
bingo
1)first things first....i personally feel all the posts by the new members of the forum on this thread was no COINCIDENCE! cmon lets not kid ourselves.of all the gud thread running on PG all the first posters found sumthing xtraordinary on MDI's placements thread and then started a bitter round of accusations and counter accusations.and aapart frm that the kind of language that was used was ABUSIVE to say the least.i have close to 200 hundred posts on forum and i still dont dare to use such language here nor do ne other ppl who r veterans here.
2)now these kinda posts r highly uncalled for.....
have u ppl heard any politician deny or stand by an allegation and the kind of excuses that our good old mdi guys are trying to put do u find any similarity , they are the perfect examples of trying to give general statements on very specific questions .who on earth said mdi guys have not got a launchpad for that even LBS and fore guys get a launchpad and for MDI I think it makes one thing clear that out of all the top b scools here we have a school that constantly tries to emulate an iim a or b or c , why cant u guys be happy with what u are and as far as i can c there is some thing really fishy with the insti and all u probables just check this place very well b4 u decide coz it aint the placements all b schools mange that it is the integrety and self respect that this b school lacks
any ways all the best and study study and study that too after ur placements coz may be u ll nevevr ever get to study again after u join ur jobs, ha ha ha
who on earth studies for the last exams tat too after placements
:grab: be what u are nd take pride in that
this is bound to happen when some mag ranks u much above wat u deserve
just consider the scenario that MDI ppl do come out with an xplanation of all the things that some very HONEST and HIGH ON INTEGRITY ppl r casting their doubts on then??max all these posts b deleted or edited but wat will be the point wen everybody has already read em. plzz show some kinda restraint in shooting ur mouths off and as i always say dont put ur foot so firmly in ur mouth that it begins hurt.so stop acting like TV news channels trying to make money out of ne half peice of news.
3)the fact that Mandevians so far havent come out with ne good answer to all this is watz working against them.but as it has already been mentioned that they had their xams going on so wait for some more time bfore u post nemore rubbish here.
Latest confirmed news is that star tv has picked ppl with as low as 3.1 lacs and any mdi guy if u have objections quote wat has star paid in ur campus, this is one of the co. which goes to sibm (communication)
cud u plzz state the source of ur CONFIRMED news every time u post ne such thing here and wen i say source i mean press release or sumthing similar and not MY FRND TOLD ME SO.....
4)and i also read someone saying that ppl make wrong decisions getting swayed by these kinda wrong placement figures by instis.now 2 things ....first if u consider placement sals as a major criterion for choosing B school then u need to get ur head examined by a qualified doc.second if u blv all wat the b schools say bout their placement figs then again u'll find it very difficult to survive in the corp world where each day u have to grapple with such misleading figures.
adios
rohit
Bingo,
great to have u back........
nice post......
now all the prospectives have to do is go thru wat u have
stated as parameters......for calculation of average......
I wont wanna say nethin on the method followed at other B Schools......
Y cannot they keep it to sweet and simple and complicate things with such stuff.......
and they go extra yard to get info from cos. regardin trainin costs (whoof) - i dont kno wat my trainin will cost my co. - not included in salary not included in average at my campus.......
i think next step shud be a new thread where we all can atleast post the method of reachin average at each b school........and i think dat will solve many of the discrepancies arising.....
maybe due to some additional components included in MDIs average calculation.....we had such a huge figure........
ideal situation will be to standardize average calculation across b schools.......but standardization hasnt been ever easy......
ciao,
Gaurav
PGPM: 2003-05
XIMB
P.S.: I might also be lost for some days to come...wandering and searchin for i dont kno wat.....searchin for somethin wich will help me to settle in life out of campus..... 
As you know, Shell has offered the maximum salary at MDI. I'm posting here a mail received by me through our alumni committee in Oct'2004. I haven't edited the ">" for the sake of maintaining originality.
This would clarify the maximum salary that was offered at MDI. There might have a minor raise in the offer being made in between October 2004 and Feb 2005, but it'd at best be minor and would in no way give any sort of credibility to the claims made of 8.3 average. If the maximum salary is indeed in itself less than average, then it explains why there was no mention of the maximum salary offered in the press release.
For the uninitiated, Shell is organized not as one company but as a conglomerate of ventures in different countries. In India they are known as Bharat Shell on account of their joint venture with BPCL.
> ----- Original Message -----
> From: "Deepshikha Mahajan" [email protected]>
> Subject: Job Posting for Alumni E Group
>
>
> > > I am sending the job posting of a Management Trainee with Bharat
Shell.
> we
> > > are looking at students from batch of 2004, to apply for this.
> > >
> > > would be grateful if you could post it on your alumni e-group.
> > >
> > > Thanks
> > > Best Regards
> > > Deepshikha Pratik Mahajan
> > > Manager- Recruitment & Talent Development
> > > Bharat Shell Limited
> > > Tel. : +91(120)2445001-8 Ext.228
> > > Fax.: +91(120)2445010
> > >
> > > Job Posting- Management Trainee-2004
> > >
> > >
> > > Bharat Shell is looking for Management Trainees from premier business
> > > schools, for a fast track Management career in Shell.
> > > Please note that we are looking for people ONLY from the top Business
> > > Schools- IIM , IIM Bangalore, IIM Calcutta, IIM Lucknow, XLRI
> Jamshedpur,
> > > MDI Gurgaon, FMS, Delhi- from batch of 2004.
> > >
> > > Industry- Lubricants/ Oil Products
> > > Nature of Work - The MTs will be put on SHELL DEVELOP, a structured
> > > management training programme followed by Shell worldwide. They would
be
> > > required to take cross functional and on the job training at various
> > > locations of Bharat Shell, in India and will also get to attend SHELL
> LIFE
> > > (a 5 day international orientation programme, for all the new graduate
> > > recruits, from various countries in the zone). The MTs further take up
> > > managerial roles within the area / function of their choice.
> > >
> > > Salary- CTC of around 7 lac per annum
> > > Posting (City / Country)- Flexible, can be anywhere in India.
> > > Process- The candidates will be taken though a structured selection
> > > process.
> > >
> > > Please send CVs to [email protected] latest by
October
> > > 30, 2004. You can go through the attached document to know more about
> > > Shell / Bharat Shell
> > > >
> > >
> > > For any further queries you can reach the undersigned at 0120- 2445001
> > > extension 228
> > >
> > > Best Regards
> > > Deepshikha Mahajan
> > > Manager-Recruitment and Talent Development
> > > Bharat Shell Limited
> > > NOIDA, Uttar Pradesh
but anyways.....i called up the placement secretary and clarified the rationale behind the 8.3 lakh figure.....etc etc......
He said the standard procedure that has been followed over years has been break up into five componants....
1. cash componant
2. Variable pay(companies have promised upto 100% of variable pay)
3. Loans and benefits on interests
4. Training and development
5. Other benefits like leave travel etc
So the 8.3 lakh figure is inclusive of all this......some companies state it, some companies dont......but the placecom secretary mentioned all these are clarified with the companies for computing the average salary and only after arriving at a standard parameter where these factors are considered for every company on campus, the average figure has been arrived at.
that was an excellent post bingo....it cleared a lot of doubts...but personally i feel (again personally) this practice of MDI's placements cell is unfair...
lets face it...
companies on an average give 30 - 40% of variable pay...hardly a few coms claim that they would pay upto 100% and then again that is subject to lot of if and buts...
so blindly putting variable pay as 100% for computing average is bad practice....and so is all these training and development costs....most of the companies dont know themseleves what is the training cost themselves...and moreover those are included in the CTC...
leave travel...again that is included in the CTC...so no need to calculate them seperately..
and even if u consider all these factors, adding and readding figures, there can not be many companies with salaries more than 8.3 lakhs p.a.!!!
so i still feel MDI should is fudging up the salary figures just way too much...8.3 lakhs is just too much....
and saw another post about getting head examined by a qualified doc...dont know this guy's credentials...but think again....we do get influenced by all these inflated salary figures...not everyone is as well informed as mr. rohit...i believe most of the lesser mortals do get swayed by rankings, salary figures, fudged company names- and then when they land up in that b-school..the reality check is often very harsh..
lets face it...MDI why did they come up with 8.3 lakhs, gone in 4 hrs kind of stuff...to create a hype....else they cud hve given a more realistic figure..
this kind of practice is being followed by most of the b-schools....in the era of corporate governance, business ethics....these b-schools are simply playing with the aspirants...
allwyin...i think its time to raise the voice against these unethical practices...the way we did during the XLRI incident....thanks for keeping this thread open...
While we must appreciate Bingo's effort in trying to clarify things, it still leaves a lot of questions unanswered.
1.) Almost all companies quote CTC (Cost To Company) figures when they come to campus (in place of Gross salary). So the variable pay, LTA and other heads mentioned by Bingo are already a part of it. There is no need/scope to add anything else and in computation of average salary, these very figures should be used.
2.) There has been no mention of even a single company offering more than the claimed average as CTC. I've already put forth the CTC quoted by Shell (the highest salary offered at MDI) in my previous post (approx. 7 lacs), which is what had been offered to other premium b-school grads (IIMs/XLRI/FMS) as late as December 2004. I'd again mention that this figure is for total Cost To Company, with training and everything else included. So i don't see what and how MDI Placements Committee can add on it to raise it to a higher level. If the highest CTC is as has been mentioned above (give or take some slight adjustment in 2 months), how can the average CTC be 8.3?
3.) There has been a mention of Star TV offering as low as around 3 lacs per annum (unconfirmed, yet not denied so far). How then can MDI claim that they had no company offering less than 6 lacs this year?
The exams of 1st year students at MDI have ended. We expect to hear a clarification from them soon.
I was going thru some of the posts. So, got a bit curious.
Why, at all, a B School would fudge/inflate/overstate its salary details.
As I see, there are 2 major stakeholders in this game - 1st yr students & 2nd yr students.
Lets see it from both angles.
2nd yr junta -- They have a done deal. On paper. No amount of fudging can change that. What could be their takeaway in inflating the figures.
Ummm, could be coz ...
1) Too embarrased to accept the facts.
2) A higher average/median figure will elevate their heads/ego a bit. -- i think this would be quite opposite to the reality. Why would one who isnt satisfied with his salary package agree to the step of inflating the batch's average. It could only add to his/her miseries. On the other hand, why would someone who is satisfied with the deal he/she's got want to paint a better picture. To fool whom ?
Other B schoolers ? General junta ? media ? Future aspirants ? Industry ? Certainly not the last one.
& btw, what tangible benefit (or ego boost for that matter) can your batch's average/median salary figure give you, say 5 yrs down the line. Who would even remember that figure when most B schoolers leave their first jobs (thru campus) within a year.
1st yr junta -- Ones with a lots of stake in school's reputation/perception/whatever. But why would they want to inflate figures for their senior batch's final placements. What could be their takeaways. Lets see ...
1) Better Ranking in one of those umpteen ranking by bizworld/india/today/asia,etc. Coz average salary of the outgoing batch is an imp criterian there. RoI, et all. Understandable.
But what does a better ranking fetch in real terms ? Any half serious aspirant (or even a fence watcher) can tell the number (prolly rankings too
) of the decent institutes in the country.Who is the target of these tactics then ? Prolly those unassuming aspirants who have no idea of how biz world works. But, again, how would any decent insti benefit by attracting such junta ?
Weak logic must say.
2) Better placements next year.
I shudder to think that there are REAL good companies out there whose HR deptt personnel would pick up a magazine or 2 & say -- Insti X has improved n notches in its ranking as compared to previous year. Lets take a few more from their campus this year & pay a better salary to them.
Plain simple stupid logic.
Is that all to this ?
Only scenario where I see fudging data can bring some real benefits to the B School is when -- the B School is run as a profit making venture by a businessman. He/she has obvious vested interests in keeping future aspirants interested in his school. & he has the say in matters like data published to the media.
Come on guys. There must be something seriously flawed with my arguements above. How else can one explain so much hype & hoopla & efforts. You cant expect, atleast b schoolers, to put in so much effort in a venture which hardly has any tangible gains.
I personally feel this is more an exercise in self gratification. Kind of an effort to prove to oneself that one was right in taking the decision to join his/her respective B School 2 yrs/1 yrs earlier.
& lastly, incomes are more often understated not overstated in real world.
PS: had a harsh day at office.. hence butted in. All disclaimers apply. feel free to flame & abuse
.do u want me to name ppl who got that in star , also maruti ,satyam ,infy , wipro ,u need names of ppl . i know the star guy ravi kumar
i heard inductis has recruited with a differential
now with shell giving 7 how on earth can u get 8.3
look wen its ok its ok but this is too much
**** has 150 international placements (ad today in HT)
this is copied frm wat their counterparts in mdi r doin and we have ppl who have still not taken one name
doston mdi sucks
do u want me to name ppl who got that in star , also maruti ,satyam ,infy , wipro ,u need names of ppl . i know the star guy ravi kumar
i heard inductis has recruited with a differential
now with shell giving 7 how on earth can u get 8.3
look wen its ok its ok but this is too much
**** has 150 international placements (ad today in HT)
this is copied frm wat their counterparts in mdi r doin and we have ppl who have still not taken one name
doston mdi sucks
betey...abbb bahut zyada ho raha hai.
....mind ur language bfore u post nething ok 
or do u want all of us to kick some seroius ass...heh??? and my dear frnd if u consider only placements as the criterion which makes ne insti suck or doesnt suck ...then i think u really fell hard on ur head wen u were a kid
......and btw i liked the way u dint mention the name of insti and used ****.....i just wonder if u cud've done similar things for the rest of the discussion and plzz in ur next post do mention in which yr MDI denied u an admission and also mention the name of ur current coll....u r doing it on purpose dood.....and not for ne altruistic purposes adios
rohit
rohitk Saysand btw i liked the way u dint mention the name of insti and used ****
I believe he did mention the insty ... the board s/w auto converts the initials of a particular insty to '****' You work out which one Dare to think beyond the asterixes ?