Correct Answer: FDI (Foreign Direct Investment)

Solution : The correct answer is FDI (Foreign Direct Investment).

The term "Foreign Direct Investment" (FDI) describes an investment made into another country by a person, business, or government. FDI fosters international trade by giving countries access to other markets, builds strong and durable ties between economies, and can play a significant role in the transfer of knowledge between nations.

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The placement process at MDI intends to match the needs of the corporate world with the aspirations of the students, thereby facilitating the achievement of a synergy between the two. Various placement activities undertaken at MDI are Summer Internship Program and Final Placement. Companies conduct their selection process which typically comprises CV based shortlisting, group discussions, and interviews. Participating companies interact with students on campus through business thought leadership sessions, guest lectures, live projects and other corporate forums.

As a compulsory part of the curriculum, students who pursue PGPM and PGP HR courses from MDI Gurgaon are required to undergo Summer Internship with an organization for a period of 6-8 weeks. The selection process for Summer Placements starts after the first term for the first-year students. Students enrolled for the PGP IB do their internship abroad for a duration that can vary from anywhere between 4 – 12 months. Many companies tend to absorb interns as full-time recruits post the completion of the students’ academic curriculum.

The highest package offered during MDI Gurgaon2022 placement drive was Rs. 1.14 crore per annum. The median annual salary was Rs. 23.50 LPA. As per the MDI Gurgaon summer placement drive, the highest monthly stipend was Rs. 4 lakhs per month and the average stipend was Rs. 2.32 lakhs per month.

MDI Gurgaon Placements 2022 saw an increase of 12.57% in average salary from the previous year. A total of 391 students were recruited during the placement drive. The average CTC for the top 10 per cent students recruited was Rs 46.3 Lakhs, the average for 25 per cent students recruited was Rs 37.9 Lakhs and the average CTC for 50 per cent students recruited was Rs 32.2 Lakhs.

The major recruiters of MDI Gurgaon among the 87 recruiters who participated in the final Placement for the academic session 2020-22 were Amazon, Deloitte, PwC, Cognizant and ICICI Bank. The recruiters offer coveted roles in areas including Consulting, BFSI, E-commerce, FMCG/FMCD,  Healthcare and Pharmaceuticals, Media & Telecom, Automobile, Conglomerate, and Energy and Logistics among others.

MDI Gurgaon provide financial assistance to privileged section of the society. The students can avail number of scholarships at MDI. Institute offers merit-cum-means scholarship and MDI scholarships scheme to deserving students from India's Economically Weaker Sections (EWS) in order to provide financial assistance. The students can avail the scholarship as per the duration of the programme, however, it is reviewed by an MDI scholarship review committee each term.