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IIFT finishes summer placements, average stipend up by 30 per cent

World Trade Organization and European Union maintained an exclusive relation with IIFT to recruit interns for their Geneva office.

ET Bureau|
Updated: Oct 13, 2015, 06.01 PM IST
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World Trade Organization and European Union maintained an exclusive relation with IIFT to recruit interns for their Geneva office.
World Trade Organization and European Union maintained an exclusive relation with IIFT to recruit interns for their Geneva office.
NEW DELHI: IIFT wrapped up its summer placements for the students of the flagship MBA (International Business) program, which witnessed the largest ever batch of 262 students for the Class of 2015-17, IIFT said in a statement. Some of the top recruiters at IIFT included Goldman Sachs, JP Morgan, ITC, Shell, Boeing, GE, Marico, Dabur, J&J CH, GSK CH, Godrej Industries, eBay, Flipkart, Microsoft, Google and Amazon.

The average stipend saw a marked increase of 30% . The highest domestic stipend offered was Rs 4 lakh for two months. Close to 53% of the batch received six figure stipends. The TATA group (TATA Steel, TATA Motors, Titan, TATA International and TCS) made a total of 25 offers on campus.

The finance domain saw a wide diversity of roles on offer with Goldman Sachs and JP Morgan making the highest number of offers in this domain. Other notable recruiters were Synergy Consulting, Nomura, DBS, GE, Langham Capital, Edelweiss, Axis Bank, ICICI Bank, HSBC Bank and Citibank. For the first time, IIFT also saw boutique consulting and private equity firms recruiting from its campus.

Sales and marketing saw a wide representation across sectors like FMCG, telecom, pharma and, healthcare, e-commerce, consumer durables, media and advertising, apparel retail, automotive,iron and steel manufacturing. Among other premium FMCG firms Marico, Dabur, J&J CH, GSK CH, Pidilite, Godrej Consumer Products, Godrej & Boyce, Britannia, L’Oreal, SAB Miller, Hector Beverages and Tolaram Group made multiple offers. Other notable recruiters included Vodafone, Lenovo, Akzo Nobel, Aviva Life Insurance, HT Media, Merck Sharp & Dohme, Boston Scientific, Becton Dickinson, Boehringer Ingelheim, UB Global, Sony Entertainment Television (MSM) and Tupperware.

The e-commerce sector hired aggressively from IIFT with over 20% of the batch opting to intern in the sector. Some of the larger recruiters included Amazon, eBay, Flipkart, Girnar Soft, Shop Clues, Zopper, Zovi and Pepper Tap.

Global Top-5 executive search firm Russell Reynolds continued to hire summer interns exclusively from IIFT.

The operations domain saw Amazon hiring the maximum number of interns. Maersk Line, the world’s largest container shipping company continued their association with IIFT. Texas Instruments, TATA Steel, TAFE, Jubilant Food Works, DCM Shriram, AT Foods and JSPL also offered summer internship to the students.

The Organization for Economic Co-operation and Development (OECD) continued to recruit exclusively from IIFT for their Paris office, as did the World Trade Centre for their Bangalore office.

World Trade Organization and European Union maintained an exclusive relation with IIFT to recruit interns for their Geneva office.

International summer placements continued unabated with 12 offers. Roles offered were across Middle East, Africa, SAARC, Europe and Singapore.

Surajit Mitra, director of IIFT said: “Quality of summer internship is the result of outstanding quality of students, excellent faculty and a supportive alumni network."



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