IIFT Summer Placement 2022-24 Batch: Average Salary Up at Rs.2.63 Lakhs for 2 Months; Sales & Marketing Emerged Top Domain with 33% Offers

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Updated on December 28, 2022
IIFT has wrapped up its Summer Placement for 2022-24 batch with higher salary offers and 100 marquee companies including number of new recruiters participating in the placement season. One of the fastest among the top B-schools of India, completing the summer placement 2023 with 29% increase in average stipend over last year, IIFT has recorded higher average salary of Rs.2.63 lakhs while the highest salary has increased sharply to Rs.3.75 lakhs for 2 months
IIFT Summer Placement 2022

With more offers from more number of recruiters with higher stipend, Indian Institute of Foreign Trade (IIFT) has wrapped the summer placement 2023 for its 2022-24 Batch of the flagship MBA Programme in International Business.  Students of MBA (IB) 2022-24 batch at Indian Institute of Foreign Trade (IIFT) have all reasons to smile as IIFT emerges one of the fastest B-schools in India to have completed its summer placement 2023 that too, with 29% increase in average salary from last year apart from receiving record number of offers from 100 top recruiters.  

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 large number of candidates. It is a testament to the quality of students that IIFT offers.

Director of the Institute, Prof Satinder Bhatia, noted that the commendable summer internship selections this year bear a testimony to the continued trust of the corporate sector in the talent pool that IIFT offers to them and that it is also an endorsement of the quality of the education and training imparted at the Institute.

IIFT Summer Placement 2023 for MBA (IB) 2022-24 Batch: Key Highlights
Here are the highlights of IIFT Summer Placement for the 2022-24 batch. The summer internships will be of two month duration in the summers of 2023:

  • Average Salary in summer 2023 goes up to Rs.2,63,000 for 2 months
  • The increase in Average stipend is 29%
  • Highest salary in summer 2023 is Rs.3,75,000 for 2 months
  • 25% Increase in Median Salary- Goes up at Rs.2,50,000 for 2 months
  • Average stipend for the top 25% of the batch gone up to Rs.3,43,000
  • 33% Batch got placed in Sales and Marketing domain
  • 100 Companies participated in IIFT Summer Placement for 2022-24 Batch
  • 36 New Recruiters visited IIFT for Summer Placement this year
  • Top Recruiters include Amazon, BCG, Cipla, Deloitte, BMW, HUL, ITC, Goldman Sachs, JSW, EY, JP Morgan Chase, Microsoft, MCKinsey, Wipro among others

IIFT has upheld its legacy of being a preferred destination for corporations recruiting students in large numbers for their leadership programs. 100 reputable recruiters, including 36 new corporate alliances offered premium roles to the batch, rendering this as one of the most successful summer placement seasons.

100 Top Recruiters
Among the 100 marquee companies that visited IIFT for summer placement 2023, some of them are BCG, Deloitte, Adani, Aditya Birla, TAS, BMW, Cipla, Godrej Consumer, Haelon, HUL, ITC, Johnson & Johnson, L’Oreal, RPG, Titan, Crisil, Goldman Sachs, HDFC Bank, HSBC, ICICI Bank, JPMorgan Chase & Co, Synergy Consulting, Tresvista, Yes Bank, EY, Mckinsey & Co, Wipro, Axis Bank, Cipla, JSW, Amazon, Capgemini, Microsoft, Nucleus Software, Tech Mahindra among others.

36 New Recruiters
IIFT built new associations with reputed brands like 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

Domain Wise IIFT Summer Placements 2023
The placement cycle saw participation from reputed recruiters across diverse domains and industries. Domain wise IIFT Summer placement is shared below:

Sales & Marketing: 33% Batch Placed
The coveted Sales and Marketing domain received the highest number of offers at 33%. 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: 20% Batch Placed
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, contributing 20% of the offers to the batch. 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.

Consulting: 11% Batch Placed
IIFT Summer placement season for the 2022-24 batch 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, attracting 11% of the total offers made.

General Management & Strategy: 13% Batch Placed
The General Management & Strategy domain witnessed a notable increase with 13% 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 & Operations: 8% Batch Placed
Trade and Operations witnessed an increase to 8%, with offers made for Management Interns. 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.

IT/Analytics and Product Management: 15% Batch Placed
The IT/Analytics and Product Management domains remained attractive with 7% and 8% offers respectively. 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.

Prof. Rohit Mehtani, Head of the Corporate Relations and Placement Division at IIFT, expressed his gratitude to companies that chose to recruit from IIFT and said that IIFT values the importance of building and sustaining relationships with the trade and industry and that good placements are only a manifestation of that mindset and effort.

The Indian Institute of Foreign Trade (IIFT) was set up in 1963 by the Government of India as an autonomous organisation to help professionalise 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 campuses; 2 Years MBA Business Analytics; 3 year MBA (International Business) (Part-Time), New Delhi and Kolkata campuses; Executive Masters in International Business, New Delhi; Certificate Programme in Export Management at New Delhi campus. Recently, IIFT has launched its new campus at Kakinada in Andhra Pradesh. At its new campus IIFT offers 5 year Integrated Program in Management.

IIFT is consistently ranked as one of the premier destinations for prestigious recruiters in the country owing to its pedagogy, rigorous course curriculum and a stellar track record in corporate competitions.

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