Source | The Economic Times : By Varuni Khosla

Indian Institute of Foreign Trade concludes summer placements

Indian Institute of Foreign Trade (IIFT) has completed its summer placements for its 2017-19 batch with an average stipend of Rs. 1.37 lakh as compared to Rs 1.24 lakh last year.

The summer placement for the batch witnessed participation from companies from diverse sectors and industries across all domains. Nearly 65% of the batch was offered a six-figure stipend.

Around 80 recruiters made offers to the batch of 282 students. Companies hired students aggressively and 16 companies recruited more than five students each.

Professor Manoj Pant, director of the Indian Institute of Foreign Trade (IIFT) said “Completion of quality summer placement is the result of a rigorous talent selection policy, grooming of students by industry leaders and talented research-oriented faculty, teaching industry relevant courses and alumni support”.”

The average stipend increased by 11%.

Brand leaders like HUL, ITC, Goldman Sachs, JPMorgan Chase & Co, Godrej Industries (GILAC), Marico, Shell, GE, Dabur, Bain Capability Centre, GSK CH, Google, Amazon, Citibank and Axis Bank. The Tata group (Tata Steel, Tata Motors, Tata Metaliks, Tata International & TCS) made a total of 14 offers.

International placements continued to be strong this year with 16 students being offered international roles across Middle East, Africa, Europe, Singapore and Indonesia.

The World Trade Organisation (WTO) and the Organisation for Economic Co-operation and Development (OECD) continued their exclusive association with IIFT. WTO recruited interns for their Geneva office while OECD offered roles for their Paris office. Their participation along with the likes of trade giants like Louis Dreyfuss.

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