The top 25% students of the batch received an average CTC of Rs 34.3 lakh per annum. Source: Facebook
Indian Institute of Foreign Trade (IIFT), which has campuses in Delhi and Kolkata, has achieved 100% placement for the 2020-22 batch of its flagship MBA (IB) programme with an average package of Rs.25.16 lakh offered to the students, a press communique from the institute stated recently.
The placement cycle of IIFT saw participation of a total of 82 companies. The highest international CTC offered stood at Rs 80 lakh per annum, while the highest domestic CTC stood at Rs. 46.5 lakh per annum, the institute stated in its communique. The top 25% students of the batch received an average CTC of Rs 34.3 lakh per annum, the communique further stated.
IIFT built new associations with reputed brands including Accenture Strategy, Asian Paints, AU Small Finance Bank, CarDekho, Dell Technologies, Deloitte, Emami, EY, HCCB, Jio Platforms, Mars, Narayana Health, NFIL, Nucleus Software, Optum, RBL Bank, Searce, State Street, Udaan, and Unacademy during this placement drive.
The vice-chancellor of IIFT, Manoj Pant, said, “The corporate sector has continued to show faith and confidence in our graduates by making the best offers to them. The Institute continues to have a place of pride amongst the leading B-schools of the country.”
This placement season also saw a rise in the number of offers rolled out in the Consulting domain. The institute saw a 100% increase in management consulting offers in comparison to last year. Major consulting firms that offered roles to students included Accenture Strategy, Deloitte Consulting, EY, Infosys, Mckinsey & Co, Optum Advisory, Shangrila Corporate Services, Thoucentric, Wipro, and ZS Associates.
The Finance domain continued to be a major recruiter for roles like Corporate Treasury, Investment Banking, Risk Management, Wealth Management, Equity Research and FinTech. At least 23% of the batch received offers from this domain. Eminent recruiters in this domain included Citibank, Crisil, DE Shaw, Goldman Sachs, HDFC Bank, HSBC, ICICI Bank, JPMorgan Chase & Co, State Street, Synergy Consulting and Yes Bank.
According to IIFT, around 21% of students received offers in the Sales and Marketing domain. Brands like Bajaj Auto, Cipla, Dabur, GSK, ITC, L'Or al, Paytm, RPG Group, Signify, TCPL offered these jobs.
About 10% offers were made from companies in the General Management & Strategy domain, while companies in Product Management and IT domains made 9% and 7% offers respectively. Tech giants and start-ups like CarDekho, EPIKInDiFi, EXL, Games24X7, Google, Go-MMT, Jio Platforms, Hexaware, Microsoft, Nucleus Software, Searce, Unacademy, Voxco and many others participated in the placements.
Rohit Mehtani, the head of corporate relations at IIFT, thanked the business organisations that participated in the placement process this year and assured them that the talent nurtured by the Institute will become an integral part of their growth story.