Highest offer crossed INR 1 crore | IIFT Placement Report 2019

The Indian Institute of Foreign Trade (IIFT)- located in Delhi, Kolkata, and Kakinada- was the first and the fastest among premier B-schools to complete placements for its 2017-2019 MBA batch. The IIFT placement record stood at a glowing 100% yet again. Average salary, highest salary, international offers- all went up.

• While IIFT placement generally is completed in the months of February/ March, this is the first time that they have been completed in December 2018.

• The process was completed even before the declaration of the results of the entrance exam for the 2019-2021 batch. Again, not the usual sequence of events.

• The average salary has gone up from INR 19.23 lakhs last year to INR 20.07 lakhs this year.

• The highest salary offered crossed INR 1 crore.

• Many students received packages of INR 75 LPA.

Overview

PPOs were offered by recruiters like ABFRL, Airtel, Amazon, Axis Bank, Bajaj Auto, Bain Capability Network, Britannia, Citibank, GE, etc.

New recruiters included names like Aegis Resources, Axtria, Bata, DE Shaw Group, Epik InDiFi, Enhance Group, Export Trading Group, Fermenta Biotech, etc.

Sectoral and domain breakdown

 

Trade and Operations

True to its niche, IIFT Placement cell continued to attract big recruiters with lucrative offers in this domain. The highest remuneration which was offered on campus- $150,000, was offered in the trade domain itself. International roles were offered in Middle East, Africa, and South America.

• ADM, Olam International, LDC, and Trafigura offered trade roles.

• Export Trading Group, Aegis Resources, CIMAF were first-time recruiters and offered roles in the Trade and International Business sector.

• Genpact, Freight Tiger, Rivigo, and Seashell made offers in the logistics and transport sector as first-time recruiters.

• Supply chain and operations roles were offered by Amazon, Tata Steel, and Maersk Line.

General Management

The General Management domain spiced up with new associations and new roles being offered this year. Some of the recruiters were: Mahindra & Mahindra, Airtel, RPG, Click Labs, Polycab.

Strategy and Consulting

• For the management consulting roles, recruiters like Roland Berger, BCN, Brillio, CBC, Droom, GeP, i3 Consulting, and IMC, visited the campus for the first time.

• BCN, Brillio, CBC, Droom, GeP, i3 Consulting, and IMC offered roles in financial consulting, operational excellence, and strategy, too.

• GPL, Deloitte, GRID, Paytm, and 10 times offered product management and strategy roles and visited the campus for the first time.

• Finally, GoMMT, OYO, Optum, and EXL hired students for the role of product manager, program manager, and analytics manager.

IT/ ITES

• Google, Amazon, Hexaware, Brillio, Games 24*7 visited the campus owing to the strong technical profile of the students.

• Optum (UHG) and Axtria were first-time recruiters, whereas EXL, Capgemini, Indigene, TCS, and Wipro were long-time associates.

Finance

• DE Shaw, Epik InDiFi, Homecredit, Rivigo, Syngenta, and Tresvista were first-time recruiters in the Finance domain.

• L&T, Piramal Finance, Synergy Consulting, CRISIL, Citibank and IVP were returning recruiters.

• Goldman Sachs, JPMC, Axis Bank, HSBC, ICICI Bank, and YES BANK hired for their coveted investment banking, risk management, corporate treasury, and consumer banking roles. GE hired for its prestigious FMP profile.

• Other companies offering Finance-related roles included Amazon, Genpact, and Samunnati Finance, Tata Motors, Syngenta.

Sales and Marketing

• First-time recruiters in this domain included names like HUL, Rivigo, Enhance Group, Tata Global Beverages Pvt. Ltd., Bata, Fermenta Biotech, Field Fresh Foods, GE CLP.

• ITC, GILAC, Marico, ABFRL, and Britannia hired in large numbers for FMCG and Retail roles.

• Bata, Dell, HP, PPG Asian Paints, and Raymond led hired for the FMCD sector.

• The automobile and industrial sector had successful visits from Bajaj Auto, Maruti Suzuki, Royal Enfield, Tata Motors, Tata Steel and Jain Irrigation.

• Flipkart, Swiggy, OYO, Games 24*7, Google, Hexaware, Infoedge, and Value Labs were already recruiting in the E-commerce and Consumer Services sector. Now, Go-MMT, Lenskart, and Zomato have been added to this pool.

• Business Analyst, Campaign Manager, Category Manager, Digital Marketing, Marketing Manager, Product Manager, Sales Manager were some of the roles offered in this domain.

Comparative Analysis

Past year trends at IIFT are as follows. All salaries are in INR Lakhs:

With the exception of the highest salary offered domestically, all of the other salaries have been on the rise. The batch size sure decreased but recruiters saw no dearth of talent, acumen, or knowledge going by the no. of PPOs and final offers made, plus the salaries offered.

Judging by how well this year went, everyone is geared up to see how IIFT performs next year. Spectacularly well, no doubt.

Source: Placement Report 2019