IIFT MBA Placement 2021: Average Salary Up at Rs.21.08 Lakhs; Sales & Marketing Emerges Top Recruiting Sector; Bain, KPMG, GSK, ITC, HUL hire big

MBAUniverse.com News Desk |
June 14, 2021
The Indian Institute of Foreign Trade (IIFT) highly ranked top B-school in India with campuses at Delhi and Kolkata, has completed final placement 2021 for its MBA (IB) 2019-21 batch keeping intact the 100% placement record. Despite an increase in batch size, IIFT has recorded 3% increase in its average package and 10% increase in median salary. 117 companies participated in the IIFT placements process this year.
IIFT Placement 2021

The Indian Institute of Foreign Trade (IIFT), a deemed university and leading autonomous B-school under the aegis of Ministry of Commerce, Govt. of India and having campuses at Delhi, Kolkata and Kakinada, has completed final Placements 2021 for the graduating batch 2019-21 of its flagship MBA (International Business) programme keeping intact the 100% placement record.

IIFT final placements 2021 with higher average and median salary, along with the 100% placements for the Summer Internships of the 2020-22 completed earlier on, mark a significant achievement in these challenging times due to the spread of Covid pandemic. 

Despite an increase in batch size, IIFT has recorded 3% increase in its average package and 10% increase in median salary.  The placements 2021 witnessed higher average salary of Rs 21.08 Lakhs per annum going up from Rs. 20.48 lakhs last year and a higher median salary at Rs 20 Lakhs per annum going up from Rs. 18.20 lakhs last year. The highest salary offered was at Rs 46.5 Lakhs per annum, while the top 25% students of the batch received an average salary of Rs 25.22 Lakhs per annum. 117 companies participated in the placements process.  

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IIFT Placement 2021: Key Highlights
IIFT has been one of the most preferred hiring destinations for top recruiters in the country owing to its rigorous course curriculum and very competitive batch.  Key highlights in the IIFT Placement season 2021 are:

  • Average Salary up by 3% and Median Salary up by 10% ( Exact 9.9%)
  • Average Salary in Placement 2021 goes up at Rs.21.08 LPA from Rs.20.48 LPA last year
  •  Median Salary goes up to Rs.20 LPA in Placement 2021 from Rs.18.20 LPA last year
  • No. of Recruiters increased to 117 in Placement 2021 from 107 last year
  • Highest salary in placement 2021 goes up marginally at Rs.46.50 LPA from Rs.46.45 LPA last year
  • Top Recruiters include KPMG, Bajaj Finserv, Airtel, Eli Lilly, GSK, HUL, ITC, Tata Steel, Bain Capability, Cognizant, McKinsey, Wipro, Goldman Sachs, JP Morgan, GE, HSBC, Yes Bank
  • Sales & Marketing emerges top recruiting domain with 24% offers

Speaking on the successful completion of placement season 2021, Prof. Manoj Pant, Director, IIFT said “IIFT offers the best of the talent available in the country to the corporate sector and the Indian and multinational businesses, in turn, have continued to show faith and confidence in our graduates by making the best offers to them.”

Key Trends in IIFT Placement 2021
Below are shared the key placement trends of last 5 years

Placement Year
Average Salary (Rs. in lakhs)
Highest Domestic Salary (Rs. In Lakhs)
Placement 2021
21.08
46.50
Placement 2020
20.48
46.45
Placement 2019
20.07
NA
Placement 2018
19.23
29.00
Placement 2017
18.41
26.00

Top Recruiters in IIFT Placement 2021
117 marquee companies made offers to the large batch size in IIFT placement 2021. Some of the top recruiters who recruited in different domains include Angel Broking, Alpha Alternatives, Bajaj Finserv, KPMG, S&P Global, ShangriLa Corporate Services, Thoucentric, United Breweries, VOIS, Welspun, Xiaomi,  ZS Associates, Airtel, Amway, Bajaj Auto, Cipla, Dabur, Eli Lilly, GSK, HUL, ITC, L’Oréal, Paytm, RPG, Tata Steel, Bain Capability, Cognizant, Infosys Consulting, KPMG, McKinsey, Michael Page, Praxis Global Alliance, Thoucentric, Wipro, Citibank, DE Shaw, GE, Goldman Sachs, HDFC Bank, HSBC STG, ICICI Bank, JP Morgan & Chase, Silverdale, Synergy Consulting, Yes Bank, DCM Shriram, Microsoft, Polestar, Dabur, Trafigura among others

New Recruiters in IIFT Placement 2021
IIFT Placement 2021 number of first time recruiters. They included Angel Broking, Alpha Alternatives, Bajaj Finserv, BenQ, Healthians, KPMG, LogiNext Solutions, S&P Global, ShangriLa Corporate Services, Thoucentric, United Breweries, _VOIS, Voxco, Welspun, Xiaomi, Yellow Messenger, ZS Associates among others

Sectoral & Domain wise Placements
IIFT students received offers from across all the sectors and domain at higher compensation packages as is evident with the conclusion of the IIFT Placement 2021 season with higher salary packages.

Sales & Marketing : 24% Share in IIFT MBA Placement 2021
The Sales & Marketing domain attracted the highest percentage of offers at 24% and witnessed participation from companies like Airtel, Amway, Bajaj Auto, Cipla, Dabur, Eli Lilly, GSK, HUL, ITC, L’Oréal, Medtronic, Paytm, RPG, Signifyand Tata Steel. These companies continued to recruit in large numbers.  New recruiters including BenQ, Colgate Palmolive, JCB, United Breweries, and Yellow Messenger also hired big in this domain.

Consulting:75 Offers from Top Recruiters
IIFT placement season 2021 also saw a rise in the number of offers rolled out in the coveted Consulting domain. The share was the highest ever reported by IIFT for a batch. Major consulting firms like Bain Capability Network, BOD, Cognizant, Infosys Consulting, KPMG, McKinsey, Michael Page, Praxis Global Alliance, Thoucentric, Wipro and ZS Associates amongst others made more than 75 offers.

Finance: 22% Share in IIFT Placement 2021
The Finance Sector continued to be a major recruiting sector with 22 percent share in IIFT Placement season 2021. Roles like Corporate Treasury, Investment Banking, Risk Management, Wealth Management, Equity Research and Fintech were offered to the batch. Prominent recruiters in this domain included Alpha Alternatives, Citibank, DE Shaw, GE, Goldman Sachs, HDFC Bank, HSBC STG, ICICI Bank, JP Morgan & Chase, Silverdale, Synergy Consulting and Yes Bank to name a few.

IT & Analytics: 55 Offers in Placement 2021
With over 55 offers, IT & Analytics remained an attractive domain and saw the participation of a mix of tech giants and start-ups like DCM Shriram, EPIKInDiFi, EXL, Go-MMT, Hexaware, Incture, LogiNext Solutions, Microsoft, Polestar and S&P Global. Despite the challenges brought by the Covid pandemic, legacy recruiters such as Bajaj Auto, Dabur, Goldman Sachs, Google, JP Morgan Chase & Co, ITC, LDC, L’Oréal, Microsoft and Trafigura demonstrated their faith in IIFT & continued to maintain strong ties by offering a variety of roles.

Prof Rohit Mehtani, Head of the Corporate Relations and Placement Division at IIFT, thanked the business organizations that participated in the placement process this year and expressed hope that this relationship will be cemented further in the years to come.

The Indian Institute of Foreign Trade (IIFT) was set up in 1963 by the Government of India as an autonomous organisation to help professionalize the country's foreign trade management and increase exports by developing human resources; generating, analysing and disseminating data; and conducting research. IIFT offers a diverse portfolio of long term management programmes in International Business namely 2 years full time MBA (International Business) at New Delhi, Kolkata, Dar-es-Salaam and now has launched a new campus at Kakinada (Andhra Pradesh). Apart from MBA (IB), IIFT offers 3 year MBA (International Business) (Part-Time) at New Delhi and Kolkata campuses; Executive Masters in International Business, New Delhi; Certificate Programme in Export Management, New Delhi.

Stay tuned to MBAUniverse.com for more updates on Indian Institute of Foreign trade (IIFT)