Indian Institute of Foreign Trade (IIFT) recently concluded summer placements for the 2022-24 batch of its Flagship MBA (IB) Program. The placement cycle saw participation from 100 reputed recruiters including key recruiters such as Adani Group, BCG, Colgate-Palmolive, Marico, Mondelez, and TAS. The highest stipend offered stood at ₹3.75 Lakhs while the average stipend for the top 25% of the batch soared to ₹3.43 Lakhs. In this article, we bring to you the key details from IIFT Summer Placements 2022! Read on!
IIFT Summer Placements 2022 - Key Highlights: Placement
- The highest stipend offered stood at ₹3.75 Lakhs
- the average stipend for the top 25% of the batch soared to ₹3.43 Lakhs
- The average stipend offered stood at ₹2.63 Lakhs, a 29% increase over the previous placement season.
- The median stipend offered stood at ₹2.50 Lakhs, a 25% increase over IIFT Summer Placements in 2021.
IIFT Summer Placements 2022 - Key Highlights: Domain-Wise Offers
- The coveted Sales and Marketing domain received the highest number of offers at a whopping 33%
- The Finance domain contributed 20% of the offers to the batch.
- The Consulting domain attracted 11% of the total offers made.
- General Management and Strategy domain attracted 13% of the offers made.
- Trade and Operations received 8% of the total offers made.
- The IT/Analytics and Product Management domains remained attractive with 7% and 8% offers respectively.
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IIFT Summer Placements 2022 - Domain-Wise Recruiters
Sales And Marketing:
Notable associations included Bajaj Auto, BMW, Cipla, Dabur, Diageo, Dr. Reddy’s Laboratories, Godrej Consumer, Haelon, Hindustan Unilever, ITC, Johnson & Johnson, L’Oreal, Lubrizol, Mars, Medtronic, Pidilite, RPG, Sanofi, Signify, Tata Consumer Products Ltd., Titan among many others. New associations were also forged in the domain with recruiters like ABFRL, Asian Paints, Bajaj Consumer, Diageo, The Coca-Cola Company, Colgate-Palmolive, Marico, Mondelez, Philips, Puma, Samsung, and SKF.
Finance:
The Finance domain continued to form an important chunk of offers for roles like Corporate Treasury, Investment Banking, Risk Management, Wealth Management, Equity Research and FinTech. Eminent recruiters in this domain included Arcesium, Aditya Birla Capital, Citibank, Crisil, Deloitte, Discover Financial Services, Godrej Housing Finance, Goldman Sachs, HDFC Bank, HSBC, ICICI Bank, JPMorgan Chase & Co, Synergy Consulting, Tresvista, and Yes Bank to name a few.
Consulting:
This placement season also saw a significant number of offers rolled out in the coveted Consulting domain. Major consulting firms included Accenture Strategy, BCG, Deloitte, EY, Mckinsey & Co, Redseer Consulting, Russel Reynolds, and Wipro.
General Management & Strategy:
The participants received offers from companies like Adani, Axis Bank, Cipla, Cardekho, JPMorgan Chase & Co, JSW, L’oreal, Mahindra Group, TAS, Trident Group among others. The placement season witnessed companies recruiting for their coveted leadership roles such as Mahindra GMC and TAS- Leadership Program at Tata Group.
Trade and Operations:
Prestigious recruiters such as Adani, BD, COFCO, Flipkart, Hyphen SCS, Joveo, Jubilant Foodworks, L&T, Maersk, MTR Foods, OfBusiness, Renuka Sugars, Tata Steel visited for a multitude of roles in these domains.
The IT/Analytics and Product Management:
They saw participation from a mix of legacy recruiters and first-time associations. IIFT had the privilege of hosting companies like Amazon, Capgemini, Car Dekho, Hexaware, Microsoft, Nucleus Software, Optum, Tech Mahindra, Tiger Analytics, Wipro, and many others.
IIFT saw legacy recruiters such as Amazon, Accenture Strategy, Apollo Tyres, Axis Bank, Bajaj Auto, Flipkart, Godrej, Goldman Sachs, ITC, JP Morgan Chase & Co, L’Oréal, Mahindra Group, Mckinsey, Microsoft, Optum, RPG Group, Tata Steel, Wipro selecting a promising number of candidates which is testament to the quality of students that IIFT offers.
IIFT Summer Placements 2022 - New Recruiters
This year, IIFT built new associations with esteemed brands including Adani Group, Aditya Birla Capital, ABFRL, AMNS, Arcesium, Asian Paints, Bajaj Consumer Care, BCG, Colgate-Palmolive, The Coca-Cola Company, Deloitte, Diageo, IDFC First Bank, Johnson & Johnson, Joveo, Jubilant Foodworks, Manyavar (Vedant Fashions), Marico, Mondelez, Philips, Puma, Russell Reynolds, Samsung, SKF, TAS, United Breweries among others for summer placements.
Prof. Rohit Mehtani, Head of the Corporate Relations and Placement Division at IIFT, expressed his gratitude to companies that chose to recruit from IIFT. He further stated that IIFT values the importance of building and sustaining relationships with the trade and industry and those good placements are only a manifestation of that mindset and effort. He wished the students all the best as they take their first steps into the corporate world.