IIFT Placements 2023: Highest Domestic Offer At INR 75.6 LPA!

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Owing to its pedagogy, demanding course curriculum, and outstanding performance in corporate contests, IIFT is constantly regarded as one of the top destinations for notable recruiters in the nation. The Institute recently concluded its final placements for the 2021-23 batch of its flagship MBA (IB) Program. The placement cycle saw participation from 108 reputed recruiters across diverse domains and industries. The highest international CTC offer stood at INR 85.4 LPA, while the highest domestic CTC offer was INR 75.6 LPA. Below are all the highlights of the spectacular placement season. 

IIFT Final Placements (Batch 2021-23): Key Highlights

After an exemplary summer internship report of the MBA (IB) 2022-24 batch, IIFT recorded a super successful final placement season this year with the top 25% of students of the batch receiving an average CTC of INR 46.9 LPA. IIFT's average CTC offer stood at INR 29.1 LPA while the median CTC was INR 26.5 LPA. 

IIFT built new connections with prestigious brands including Acuvon Consulting, Adani Group, AMNS, ASK Investment Management, Cargill, Client Associates, Diageo, Edelweiss, Fast Retailing (Uniqlo), GAIL, Grasim Industries, IDFC First Bank, Incedo, IndigoEdge, Kotak, Landmark Group, Lowe's, Merino Industries, Reckitt, Samsung, Shell, Swiss Singapore Overseas, Tata AIA, Tesco, United Breweries, Vedanta among others for final placements.

Legacy recruiters such as Amazon, Accenture Strategy, Axis Bank, Bajaj Auto, EY, Flipkart, Godrej, Goldman Sachs, ITC, JP Morgan Chase & Co, L’Oréal, Mahindra Group, Mckinsey, Microsoft, Optum, RPG Group, Tata Steel, Wipro continued showing their trust, selecting a good number of candidates.

Sales & Marketing bagged highest number of offers

The coveted Sales and Marketing domain received the highest number of offers at a whopping 22%. Significant associations included Amul, Bajaj Auto, Becton Dickinson, Cipla, Dabur, Emami, Games24x7, Godrej, ITC, Landmark Group, Nucleus Software, OfBusiness, Oxane Partners, Pidilite, RPG, Signify, Tata Steel, Titan among many others. New associations were also forged in the domain with recruiters like AMNS, Asian Paints, Cargill, Diageo, Grasim, Relaxo, Samsung, TVS Motor, United Breweries, Vedanta, Vedant Fashions and many others.

Contributing 18% of the offers to the batch, the Finance domain continued to form an important contributor to the overall offers for roles like Corporate Treasury, Investment Banking, Risk Management, Wealth Management, Equity Research and FinTech. Eminent recruiters in this domain included Affinity Global, Barclays, Citi Bank, Client Associates, Crisil, DE Shaw, Edelweiss, Goldman Sachs, HDFC, HSBC, ICICI Bank, IndigoEdge, Indus Valley Partners, JP Morgan & Chase, Kotak, L’oreal, Synergy Consulting, Tata AIA, Tesco, Tresvista, Yes Bank to name a few.

A significant number of offers rolled out in the Consulting domain, attracting 20% of the total offers made. Major consulting firms included Accenture Strategy, Acuvon Consulting, Capgemini, Deloitte, EY, Mckinsey & Co, Incedo, Infosys Consulting, Praxis GA, and Wipro.

The reputed General Management & Strategy domain witnessed a notable increase with 13% offers, from companies like Adani, Axis Bank, Fast Retailing, Flipkart, Haleon, JSW, Landmark Group, Mahindra Group, Shell, State Street, Trident Group among others. The placement season witnessed companies recruiting for their coveted leadership roles such as Mahindra GMC and Aditya Birla YLP.
 
Trade and Operations increased to 9%, with offers made for Management Trainees. Prestigious recruiters such as Amazon, Cargill, ETG, Flipkart, GAIL, Louis Dreyfus Company, Maersk, Mjunction, OfBusiness, Tata Steel, Tolaram and Vikram Solar visited for a multitude of roles in these domains. Notable recruiters like ETG, SSOE and Tolaram extended lucrative international opportunities for IIFT students.

The IT/Analytics bagged 8% offers while Product Management received 10% offers from a mix of legacy recruiters and first-time associations. IIFT had the privilege of hosting companies like Amazon, Boston Scientific, Capgemini, CarDekho, EXL, Games 24x7, Hexaware, IGT Solutions, Jio Platforms, Justdial, Lowes, Merilytics, Microsoft, Nucleus Software, Optum, Paytm, Wipro, and many others.

Testament to the quality of IIFT students

Director of the Institute, Prof Satinder Bhatia, noted that the commendable selections this year bear 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.

Prof. Rohit Mehtani, Head of the Corporate Relations and Placement Division at IIFT, expressed his gratitude to companies that chose to recruit from IIFT.  He further stated 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. He wished the students all the best as they step into the corporate world. 

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