The Indian Institute of Foreign Trade (IIFT), a deemed university and leading autonomous B-school under the aegis of Ministry of Commerce, Govt. of India and having campuses at Delhi, and Kolkata, has completed 100% final Placements 2023 for the graduating MBA (IB) 2021-23 batch with a 16% rise in average salary which has gone up at Rs.29.10 LPA from Rs.25.16 LPA last year.
IIFT Placement 2023 witnessed 108 companies, an average CTC of Rs 29.10 Lakhs per annum and the median CTC at Rs 26.5 Lakhs per annum. The highest domestic CTC offered stood at Rs 75.6 Lakhs per annum. The top 25% students of the batch received an average CTC of Rs 46.9 Lakhs per annum. The Institute had recently announced the exemplary Summer Internship Selections of the MBA (IB) 2022-24 batch as well.
IIFT is consistently ranked as one of the top destinations for premium recruiters in the country. IIFT final placements 2023 with higher average and median salary, along with the 100% placements mark a significant achievement in these challenging times.
IIFT Placement 2023: Key Highlights
IIFT has been one of the most preferred hiring destinations for top recruiters in the country owing to its rigorous course curriculum and very competitive batch. Key highlights in the IIFT Placement season 2023 are:
- Completes 100% Placements
- Average Salary up by 16% at Rs.29.10 LPA from Rs.25.16 LPA last year
- Median Salary goes up to Rs.26.5 LPA from Rs.24 LPA last year
- Highest Domestic Salary has gone up by 62% at Rs.75.6 LPA from Rs.46.50 LPA last year
- The Highest International Salary stood at Rs 85.40 LPA
- Average salary for Top 25% students increased at Rs. 46.9 LPA from Rs.34.3 LPA last year
- Total Recruiters in Placements 2023 in creased to 108 from 82 last year
- Sales & Marketing emerges as the top recruiting domain with 22% offers
- Top Recruiters include Accenture Strategy, Deloitte Consulting, EY, Infosys, EXL, Mckinsey, Reliance, Godrej, Goldman Sachs, Google, ITC, JP Morgan Chase & Co, L’Oréal, Microsoft, Shangrila, Tata Steel, Trafigura, Wipro, ZS Associates, Dell Technologies, Citibank, Crisil, DE Shaw, HDFC Bank, HSBC
On the successful completion of placement season 2023, 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.
Key Trends in IIFT Placement 2023
Below are shared the key placement trends of last 6 years
|
Placement Year
|
Average Salary (Rs. in lakhs)
|
Highest Domestic Salary (Rs. In Lakhs)
|
|
Placement 2023
|
29.10
|
75.60
|
|
Placement 2022
|
25.16
|
46.50
|
|
Placement 2021
|
21.08
|
46.50
|
|
Placement 2020
|
20.48
|
46.45
|
|
Placement 2019
|
20.07
|
NA
|
|
Placement 2018
|
19.23
|
29.00
|
Top Recruiters in IIFT Placement 2023
108 marquee companies made offers to the large batch size in IIFT placement 2023. Some of the top recruiters who recruited in different domains include Accenture Strategy, Deloitte Consulting, EY, Infosys, EXL, Mckinsey & Co, Optum Advisory, Reliance, Godrej, Goldman Sachs, Google, ITC, JP Morgan Chase & Co, L’Oréal, Microsoft, Shangrila Corporate Services, Tata Steel, Trafigura, Thoucentric, Wipro, ZS Associates, Dell Technologies, Citibank, Crisil, DE Shaw, HDFC Bank, HSBC, ICICI Bank, State Street, Synergy Consulting, Yes Bank, Bajaj Auto, Cipla, Dabur, GSK, Paytm, RPG Group, Signify, TCPL, Asian Paints, Emami, HCCB, Mars, Axis Bank, GPL, JSW, Narayana Health, State Street, ETG, OfBusiness, Olam Agro, Varroc, CarDekho, EPIKInDiFi, Games24X7, Google, Go-MMT, Jio Platforms, Hexaware, Nucleus Software, Searce, Unacademy, Voxco, Olam among others
New Recruiters in IIFT Placement 2023
In Placements 2023, IIFT built new associations with reputed 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.
Sectoral & Domain wise Placements
IIFT students received offers from across all the sectors and domain at higher compensation packages as is evident with the conclusion of the IIFT Placement 2023 season with higher salary packages.
Sales & Marketing: 22% Share in IIFT MBA Placement 2023
The Sales & Marketing domain received 22% offers and witnessed keen participation from brands like 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.
Consulting: 20% Share in IIFT Placement 2023
This placement season also saw a significant number of offers rolled out in the coveted Consulting domain. Major consulting firms included Accenture Strategy, Acuvon Consulting, Capgemini, Deloitte, EY, Mckinsey & Co, Incedo, Infosys Consulting, Praxis GA, Wipro, attracting 20% of the total offers made.
Finance: 18% Share in IIFT Placement 2023
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, contributing 18% of the offers to the batch. 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.
General Management: 13% Share in IIFT Placements 2023
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.
IT/Analytics, Product Management: 18% Share in Placements
The IT/Analytics and Product Management domains have become increasingly attractive with 8% and 10% offers each. They saw participation 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.
Trade & Operations: 9% Share in Placements 2023
Trade and Operations witnessed an increase 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 the students, increasing such exposure for IIFT.
Prof. Rohit Mehtani, Head of the Corporate Relations and Placement Division at IIFT, 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 and said, “We saw 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 selecting a promising number of candidates which is testament to the quality of students that IIFT offers” and thanks the Alumni, “The success of this year’s placement season has been made possible, due to the constant support and guidance of our esteemed alumni. We are eternally grateful to them for all their help and advice.”
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 Indian Institute of Foreign Trade (IIFT) was set up in 1963 by the Government of India as an autonomous organisation to help professionalize the country's foreign trade management and increase exports by developing human resources; generating, analysing and disseminating data; and conducting research. IIFT offers a diverse portfolio of management programmes in International Business namely 2 years full time MBA (International Business) at New Delhi, Kolkata, and also proposes to launch a new campus at Kakinada (Andhra Pradesh). Apart from MBA (IB), IIFT offers 3 year MBA (International Business) (Part-Time) at New Delhi and Kolkata campuses; Executive Masters in International Business, New Delhi; Certificate Programme in Export Management, New Delhi.
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