Owing to the rigorous course curriculum and stellar track record in corporate competitions, IIFT has consistently ranked as one of the premier destinations for prestigious recruiters in the country. It recently concluded summer placements for the 2022-24 batch of its flagship MBA-IB program. More than 100 reputed recruiters, across diverse domains and industries, participated in the placement cycle. And, this season saw an average stipend of Rs. 2.63 lakh, and a median stipend of Rs. 2.50 lakhs, representing a noteworthy increase of 29% and 25% respectively, over the previous edition. And, the highest stipend stood at Rs. 3.75 lakhs! Sales and marketing stood as the sector with the highest (33%) number of offers; the other sectors including finance, consulting, general management, trade, and IT.
Sales and marketing
Trusted and well-known associations like Bajaj Auto, BMW, Dabur, Godrej Consumer, Cipla, Dr. Reddy’s Laboratories, Hindustan Unilever, L’Oreal, Pidilite, Johnson & Johnson, ITC, Mars, Signify, Tata Consumer Products Ltd., and Titan were the ones ruling the most coveted sales and marketing domain. These recruiters contributed to a whopping 33% of the offers made!
Finance
The recruiters in the domain of finance included Aditya Birla Capital, Citibank, Godrej Housing Finance, HDFC, HSBC, ICICI, Goldman Sachs, Synergy Consulting, and Yes Bank. The domain formed an important chunk of offers for roles like corporate treasury, risk management, investment banking, wealth management, and equity research and FinTech. Finance stood at forming 20% of the offers made.
Consulting
Major firms in this domain included Accenture Strategy, Deloitte, Russel Reynolds, Wipro, Redseer Consulting, and Mckinsey & Co. These recruiters attracted 11% of the total offers made.
General Management & Strategy
Companies like Adani, Cipla, Axis Bank, L’Oreal, Mahindra Group, Trident Group, and JSW ruled the domain of General Management & Strategy, contributing to 13% of the total number of offers made.
Trade and Operations
Prestigious recruiters like Adani, Flipkart, L&T, Maersk, Tata Steel, and Jubilant Foodworks participated for a multitude of roles in the domain of trade and operations. This particular domain made up 8% of the total offers made.
IT/Analytics and Product Management
This domain stood at 7% of the offers made, seeing a participation from a mix of legacy recruiters and first-time associations. Some of the well-known recruiters who participated included Amazon, Microsoft, Hexaware, Car Dekho, Nucleus Software, Tech Mahindra, and Wipro.
A promising number of candidates were recruited by these top recruiters in the IIFT summer placements for the 2022-24 MBA-IB batch. New associations were also built with esteemed brands who only participated this year. Professor Rohite Mehtani, Head of the Corporate Relations and Placement Division at IIFT, expressed his gratitude to all these recruiters, and wished all the recruited candidates all the best for their first steps into the corporate world. If you wish to be in the next set of such fortunate candidates, you need to prep up well for the next IIFT exam. And for this, you’ll always need a professional mentor to help you get the best online coaching for IIFT. One such excellent supporter is Ekoching, a team working to secure every candidate’s future, with the best of coaching that makes quality education accessible to the youth of today.
