IIFT finishes summer placements in record time; Average stipend sees a whopping...

IIFT finishes summer placements in record time; Average stipend sees a whopping 30% increase.

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IIFTIIFT wrapped up its summer placements in record time yet again, for the students of the flagship MBA (International Business) program, which witnessed the largest ever batch of 262 students for the Class of 2015-17. Some of the top recruiters included Goldman Sachs, JP Morgan, ITC, Shell, Boeing, GE, Marico, Dabur, J&J CH, GSK CH, Godrej Industries, eBay, Flipkart, Microsoft, Google & Amazon.

The average stipend saw a marked increase of 30% with the highest domestic stipend offered being Rs. 4 lakhs for complete internship duration. Close to 53% of the batch received unprecedented six figure stipends. The TATA group (TATA Steel, TATA Motors, Titan, TATA International & TCS) made a total of 25 offers on campus, thereby making a strong presence felt.

The Finance domain saw a wide diversity of roles on offer with Goldman Sachs and JP Morgan making the highest number of offers in this domain. Other notable recruiters were Synergy Consulting, Nomura, DBS, GE, Langham Capital and Edelweiss, Axis Bank, ICICI Bank, HSBC Bank, & Citi Bank. For the first time, IIFT also saw boutique consulting & Private Equity firms recruiting from its campus.

Sales and Marketing saw a wide representation across sectors like FMCG, Telecom, Pharma and Healthcare, E-Commerce, Consumer durables, Media and Advertising, Apparel Retail, Automotive, Iron and Steel manufacturing. ITC, which has recruited from IIFT for the past 28 years, continued their valued association with IIFT. Among other premium FMCG firms Marico, Dabur, J&J CH, GSK CH, Pidilite, Godrej Consumer Products, Godrej & Boyce, Britannia, L’Oreal, SAB Miller, Hector Beverages and Tolaram Group made multiple offers. Other notable S&M recruiters included Vodafone, Lenovo, Akzo Nobel, Aviva Life Insurance, HT Media, Merck Sharp & Dohme, Boston Scientific, Becton Dickinson, Boehringer Ingelheim, UB Global, SONY Entertainment Television (MSM) & Tupperware, among many others.

The E-Commerce sector hired aggressively from IIFT with over 20% of the batch opting to intern in the sector. Some of the larger recruiters included Amazon, eBay, Flipkart, GirnarSoft, ShopClues, Zopper, Zovi & Peppertap. Operations and Supply Chain consulting giant Global e-Procure (GeP) continued their association with IIFT. Other notable recruiters included Capgemini Consulting, Cognizant Business Consulting, CEB, Redseer & Actuate Business Consulting. Global Top-5 Executive Search Firm Russell Reynolds continued to hire summer interns exclusively from IIFT.

In the General Management domain, all the regular recruiters like Mahindra and Mahindra, Airtel, Shell, Godrej Properties Limited, Hero MotoCorp, TVS Motors and L&T hired from IIFT. Technology giants Microsoft, Google, IBM and HP recruit in strength from IIFT. IT/ITeS firms like TCS and Wipro made their presence felt with a wide gamut of roles.

The Operations domain saw Amazon hiring the maximum number of interns. Maersk Line, the world’s largest container shipping company continued their association with IIFT. Texas Instruments, TATA Steel, TAFE, Jubilant FoodWorks, DCM Shriram, AT Foods and JSPL also offered summer internships to the students.

The Organization for Economic Co-operation and Development (OECD) continued to recruit exclusively from IIFT for their Paris office, as did the World Trade Centre for their Bangalore office. World Trade Organization & European Union maintained exclusive relations with IIFT to recruit interns for their international offices.

International summer placements continued unabated with 12 offers. Roles offered were across Middle East, Africa, SAARC, Europe and Singapore. IIFT reinforced its standing as the best trade school in Asia with roles offered by the full gamut from the Big 4 (ABCD) of Trade
– ADM, Bunge, Cargill & Louis Dreyfus. Other trade roles were offered by ITC, Golden-Agri Resources, TATA International & SMR Group.

Dr.Surajit Mitra, Director of IIFT said, “Quality with velocity of summer internships is theresult of outstanding quality of students, excellent faculty & supportive alumni network”.

Previously we covered:
1. IIFT achieves 100% Placement for 2013-2015 batch; Highest Domestic Salary Above Rs. 24 Lakhs.
2. IIFT declares Written Entrance Exam results | 1411 students make it to the second round!
3. IIFT Entrance 2014 | Comprehensive Analysis, Cutoffs and more.

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