IIFT Student Average stipend of Rs 1.37 lacs
This is the highest ever average for the B school surpassing last year's average of Rs 1.24 lakh. Around 80 leading recruiters made offers to the batch of 282 students and nearly 65% of the batch was offered a six-figure stipend.
Indian Institute of Foreign Trade (IIFT) stands for academic excellence. Over the last 53 years, IIFT has nurtured excellence in international trade and investment. With the modest beginning as a facilitator for external trade in 1963, IIFT has emerged as one of the pioneering Institutes in the Asia Pacific playing the role of a leading B-Schools in the Sub-Continent besides being a Think Tank Organization for foreign trade and policy matters and also a hub for research and knowledge dissemination.
Leading brands across all domains visited the campus and competed amongst each other to recruit talented students. The average stipend increased by 11% point this year. Few of the brand leaders include HUL, ITC, Goldman Sachs, JPMorgan Chase and Co, Godrej Industries, Marico, Shell, GE, Dabur, Bain Capability Centre, GSK CH, Google, Amazon, Citibank and Axis Bank. The Tata group (Tata Steel, Tata Motors, Tata Metaliks, Tata International & TCS) made 14 offers.
International placements too continued to be strong this year with 16 students being offered international roles across Middle East, Africa, Europe, Singapore and Indonesia. The World Trade Organization (WTO) and the Organization for Economic Co-operation and Development (OECD) continued their exclusive association with IIFT. WTO recruited interns for their Geneva office while OECD offered roles for their Paris office.
Sales and marketing domain witnessed a distinctive representation across sectors like FMCG, Telecom, Pharma and Healthcare, Consumer Durables, Media and Advertising, Ecommerce, Apparel Retail, Automotive, Iron and Steel manufacturing and Real Estate. The general management roles were offered by corporatism such as Mahindra & Mahindra, Airtel, Godrej Properties, Tata Steel, RPG, L&T, Shell, Bajaj Auto, Akzonobel, Mattel, Royal Enfield, HP, IBM, Dell and Capgemini.
Professor Manoj Pant, director of IIFT, said, "Completion of quality summer placement is the result of a rigorous talent selection policy, grooming of students by industry leaders and talented research-oriented faculty."