IIFT Summer Placement Report 2016-18: Average stipend increases by 13%
IIFT has completed the Summer Placement process for the MBA (International Business) 2016-18 batch of 288 students. The average stipend offered this year is Rs. 1.24 lakhs which has increased by 12.72% as compared to Rs. 1.10 lakhs last year. As many as 88 recruiters had participated in the process out of which 33 were first time recruiters.
Some of the top recruiters 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 and Axis Bank. The TATA group (TATA Steel, TATA Motors, Titan, TATA International & TCS) made a total of 16 offers.
Let us take a look at the domain wise summer placement trend at IIFT.
The Finance sector recruited 22% of the students. Goldman Sachs, JP Morgan Chase & Co, Axis, IDFC were the top recruiters. Other notable recruiters in the domain were Synergy Consulting Inc., DBS, Nomura, GE, BNY Mellon, Duff & Phelps, ICICI Bank, HSBC STG, Citibank, Indus Valley Partners and EXIM Bank. Brands such as Goldman Sachs, GSK CH, Sun Pharma etc. have opened new roles for IIFT students like Treasury, Corporate Finance, Business Strategy and others.
Sales and Marketing
Sales and Marketing roles were offered by companies from the sectors like FMCG, Telecom, Pharma and Healthcare, Consumer Durables, Media and Advertising, Apparel Retail, Automotive, Iron & Steel manufacturing and real estate.
Leading FMCG brands which recruited from IIFT are HUL, ITC, Nestle, Godrej Consumer Products Limited, Marico, Colgate Palmolive, GSK CH, Philips, Dabur, L'OrÃ©al, Perfetti Van Melle, Britannia, Akzo Nobel and Wipro CCLG.
Companies like Airtel, Vodafone and Idea were the top recruiters in Telecom sector. The Pharma sector saw offers coming from J&J Pharma, Eli Lilly, Medtronic, Boston Scientific, and Becton Dickinson. The media and advertising sector saw participation of top companies like Bennett Coleman & Co. Ltd (BCCL), HT Media, Sony MSML.Among other sectors, the notable firms included Amazon, Infoedge, MakeMyTrip, Madura Fashion & Lifestyle, Ikea, Shopclues among others.
Over 13% of the batch was recruited by the Consulting companies which included Deloitte, Global e-Procure (GeP), Synergy Consulting Inc, PwC, CEB, Cognizant Business Consulting, Capgemini Consulting and Gartner. Bain Capability Center (BCC) was the first time recruiter at IIFT in the Consulting domain. Russell Reynolds, the global top 5 executive search firm continued to be the exclusive recruiter from IIFT.
Around 12% offers were made in General Management domain by companies like Shell, Mahindra and Mahindra, Airtel, Godrej Properties Limited, Axis Bank, JSW Steel Ltd, RPG, L&T & Robert Bosch. Google and Capgemini were among the top recruiters. IT/ITeS firms Wipro and TCS offered wide range of roles.
Amazon was the highest recruiter in the Operations domain. Maersk Line, Bennett Coleman & Co. Ltd (BCCL), TATA Steel, Hero MotoCorp, Ikea and Citibank were among the top recruiters. Damco was one of the first-time recruiters in IIFT this year.
Regarding international recruitment trend, IIFT mentions, “Despite a stagnation in the trade and shipping industry, the flood of international summer placements continued in IIFT with 15 international roles being offered.” Offers were made across Middle East, Africa, Nepal, Thailand, Sri Lanka, Indonesia, and Europe. International trade companies, ADM and Louis Dreyfuss offered exclusive roles to the students. Similar trade roles were also offered by ITC, Mount Meru Group, Golden-AgriResources, TATA International. Sun Pharmaceutical Industries Ltd.
The Organization for Economic Co-operation and Development (OECD) recruited exclusively from IIFT for their Paris office. The World Trade Organization recruited interns for their Geneva office.
*DISCLAIMER: The Article published here is based on the information provided by the concerned college/university and Careers360 is not accountable for the content in the same.
Stay tuned to bschool.careers360.com for more news and updates on IIFT.
First published on October 4, 2016.
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Questions related to Indian Institute of Foreign Trade, Delhi
IS IIFT REGISTRATION STARTS? & which website we can register?
NO, IIFT registration is not yet started for 2021 admission . The official date still not released yet. The application will on the offical website of IIFT . The application form is filled by online mode and fee is around 2000 INR for the general and OBC and 1000 INR for the SC/ST.
what are courses available in iift
The following courses available in iift-indian institte of foreign trade:
1.MBA in IB(weekend) ------- fee for course:7,60,000 for gen and obc
2.MBA in IB(full time) -------- fee for fourse:7,60,000 for gen and obc
3.EPGDIB-internantional finance,marketing,business ------fee:5,10,000
4.MA in economics-trade and finance -------fee :3,60,000
5.certificate course-CPGTLO,CPEM,CPCFM ----fee:75k
6.PhD in economics and manegment mphil degree is required with good percent
hope this helps,
How good is the IIFT EPGDIBS program that they deliver through Hughes? is it as good as their on campus executive program?
Hughes Global Education is the pioneer in providing the ‘Interactive Online Learning Platform’ for the working professionals to pursue an executive MBA/PGDM.
The programs are provided by the top notch B-schools viz. IIM Calcutta, IIM Kozhikode, IIM Rohtak , IIFT New Delhi and XLRI Jamshedpur . The best faculties in the country take live lectures imparting knowledge that is exclusive with specializations across various streams like General Management, Sales & Marketing, Human Resource, Project Management, Finance, International Trade etc.
They offer both offline and online Executive Post Graduate Certificate Courses to all working professionals to keep pace with their careers. Hughes brings together the best career-oriented management programmes from the top B-Schools in India with top-notch faculties and state-of-the-art technology to create an unbeatable combination to deliver the best results in the programmes.
- The EPGDIB programme of IIFT is very good for the acquisition of knowledge in various aspects of international business, but there is no campus placement for EPGDIB students.
- The EPGDIB programme does not provide any placement or help with anything.
You can take this this program to enhance your skills but don't depend or expect Placements opportunities. You can definitely opt this course if you want to learn and gain knowledge regarding International business management and develop skills in finance, marketing, and many more.
can I upload NC obc certificate in hindi for iift? or is there any other format required ?
Yes you can definitely upload in Hindi Language however your caste details should be specifically mention all details of caste and be made from any gazetted officer or any legal person
Before filling the application form, applicants must keep the following documents and information ready with them before they begin to fill the IIFT 2021 application form.
Scanned copy of passport size photograph (Black and white, in clear contrast)
Scanned copy of signature
Scanned copy of category certificate
Two copies of academic mark sheets or certificates of 10th, 12th and Graduation.
Copy of undertaking regarding the candidates who have not appeared for any other MBA entrance exam such as CAT, XAT or any (Only for NRI candidates)
Copy of official entries on passport pages
Two letters of recommendation.
For more information regarding registration check https://bschool.careers360.com/articles/iift-registration
HOPE THIS HELPS!!
why iift has not released exam notification for 2021 ?
National Testing Agency will release the important dates for IIFT 2021 anytime soon. IIFT 2021 important dates will specify the complete schedule for the Indian Institute of Foreign Trade entrance test for MBA programs. The IIFT important dates 2021 also prescribe the start and end date to submit the online application form. As per the tentative IIFT schedule, the entrance test will be conducted in the first week of December 2020 in Computer Based Mode (CBT) . The National Testing Agency (NTA) will start the IIFT 2021 registration anytime soon. Those who aim to take admission in Master’s of Business Administration (MBA) program can apply for IIFT on or before the first week of November 2020. Meanwhile, the conducting body will also provide the “Image correction window” which will be notified. IIFT 2021 application form has to be filled via online mode only. While filling IIFT online application form, candidates need to pay the amount of application fee of Rs 2000 (for General/ OBC category candidates) and Rs 1000 for reserved category candidates (SC/ ST/ PH). Before filling the form for IIFT 2021 registration, candidates should check the eligibility criteria of IIFT . Read the full article to know all the details related to IIFT registration 2021 such as it’s detailed eligibility criteria, required documents to be uploaded, application fee, steps to fill the IIFT 2021 application form etc.