This B-school saw sharp increase in international offers; highest salary offered was Rs 55 lakh

The final placements at Management Development Institute (MDI) in Gurgaon are over and this year students are elated as they bagged top placements. The top international salary offered was Rs 55 lakh ($80,700) by Singapore-headquartered Tolaram Group and the highest domestic offer of Rs 28.74 lakh was made by Colgate-Palmolive.

The average salary for the institute has shot up considerably as it touched Rs 18.89 lakh from Rs 18.53 lakh last time.

Reportedly, four offers were made by the Tolaram Group, which is in consumer goods, digital services, energy and infrastructure in emerging markets, eight by Anheuser-Busch InBev, the world's largest brewing company. Also Johnson & Johnson Dubai, Philips Lighting and Pernod Ricard each made one offer for global postings.

According to MDI placements chairperson Kanwal Kapil, 343 students participated in the placement process - 238 from the flagship management course, 60 students from the human resource management course and 45 from the international management course. About 100 students received pre-placement offers based on their performance during summer internships.

He also said that to make up for the decline in the offers made by the companies, more recruiters were invited. Of the 143 companies that participated, 54 were first-timers including Aditya Birla Fashion Retail, Crompton Greaves, Directi and Hindware. The regulars were Axis Bank, ICICI Bank, ITC, KPMG and Godrej Industries, among others.