B-school summer placements: Over 50% IIFT students bag six-figure stipends
Continuing with its illustrious legacy, IIFT saw an extraordinary turnout in its summer placements with 288 students of MBA (International Business) 2016-18 batch clinching the very best of the brands from the industry for summer placements. The result of 53 years of continued excellence in International Business Studies attracted 88 premier recruiters to the campus.
There is a remarkable increase in the offers by leading recruiters this year. The top brands that dominated the placement season at IIFT this year include HUL, ITC, Goldman Sachs, JPMorgan Chase & Co, Nestle, Godrej Industries Limited (GILAC), Colgate Palmolive, Marico, Shell, GE, BNY Mellon, Dabur, Bain Capability Centre, Deloitte, GSK CH, J&J Pharma, Google, Amazon, Citibank, Axis Bank showing their faith in the talent pool of IIFT. 33 new association with leading brands across all domains was established.
With the burgeoning economy of the country, the numbers grew impressively. We, at IIFT believe in sustained growth and consistent performance, which is why the average stipend has been Rs. 1.24 lakhs as compared to Rs. 1.10 lakhs last year. Nearly 60% of the batch were offered unparalleled six-figure stipend. The TATA group (TATA Steel, TATA Motors, Titan, TATA International & TCS) made a total of 16 offers, thereby creating a strong presence on the campus.
Despite a stagnation in the trade and shipping industry, the flood of international summer placements continued in IIFT with 15 international roles being offered. The multifarious roles offered were across Middle East, Africa, Nepal, Thailand, Sri Lanka, Indonesia, and Europe. Trade giants, ADM & Louis Dreyfuss offered choicest roles on the campus, reaffirming the status of IIFT as the best trade school in Asia. Similar trade roles were also offered by ITC, Mount Meru Group, Golden-AgriResources, TATA International.
Sun Pharmaceutical Industries Ltd. joined the IIFT bandwagon by visiting IIFT for the first time and recruiting for the Trade Finance role. The Organization for Economic Co-operation and Development (OECD) as before recruited exclusively from IIFT for their Paris office. The World Trade Organization continued its special relation with IIFT to recruit interns for their Geneva office.