IIFT Placements 2021 concluded with highest stipend of Rs 3.2 Lakh

The highest stipend offered during the summer placement drive of IIFT was Rs 3.2 lakh, and the average stipend offered to the students was Rs 1.61 lakh for the duration of two months.

IIFT Placement 2021: Indian Institute of Foreign Trade (IIFT) concluded its summer placements for its largest-ever MBA (IB) batch (2020-22) of 401 students. IIFT Placements 2021 witnessed 100 per cent recruitment of students across 123 companies. The highest stipend offered during the summer placement drive of IIFT was Rs 3.2 lakh, and the average stipend offered to the students was Rs 1.61 lakh for the duration of two months. This year, the median stipend stood at 1.5 lakh. The official placement report released by the institute states that the average stipend for the top 100 students of the batch was Rs. 2.37 lakh for two months. According to a statement from the Institute, 70 per cent of the batch received a six-figure stipend.

This year, a total of 46 new recruiters offered roles in various domains such as Business Consulting, Product Management, Sales and Marketing, Finance, Commodity Trading, Trade Consulting, Category Management, Operations, Logistics, Digital Marketing, Business Development and General Management.

Talking about the overwhelming response received by the institute, Professor Manoj Pant, Director, IIFT, said, "We are grateful to our old and new recruiters for their continued support and faith in IIFT and its students during this pandemic. We look forward to the support of the corporates and our alumni for the next placement cycle and we hope for strengthening our position as a top B school.”

The top domains that offered around 35 per cent of roles to the students are sales and marketing coming from brands such as Bajaj, Dabur, GE (Commercial Leadership Program), Godrej Consumer Products Ltd, Godrej Properties Limited, GSK, HT Media, ITC, L’Oréal, Medtronic and Tata Consumer Products, Tata International. The new recruiters included Mars and United Breweries.

24 per cent offers came from the finance domain from the brands such as Citibank, D.E. Shaw, Goldman Sachs, General Electric (Financial Management Program), HSBC STG, ICICI Bank, Indus Valley Partners and JP Morgan Chase & Co, Silverdale & Synergy Consulting for premier roles.

Companies such as Flipkart and Grofers offered roles to the students with the boom in the e-commerce industry. The associations with firms such as BOD, Cognizant Consulting, EY and McKinsey & Co. resulted in 9 per cent of the total offers in this domain.

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