Active Stocks
Fri Apr 12 2024 15:57:45
  1. Tata Steel share price
  2. 163.50 -1.00%
  1. NTPC share price
  2. 362.00 -0.32%
  1. ITC share price
  2. 430.10 -1.56%
  1. HDFC Bank share price
  2. 1,518.90 -1.10%
  1. State Bank Of India share price
  2. 766.75 -1.57%
Business News/ Companies / News/  IIFT completes summer placements; average stipend at 1.48 lakh
BackBack

IIFT completes summer placements; average stipend at ₹1.48 lakh

The largest ever batch at IIFT with 321 students was placed across 90 companies with both the highest and average stipends seeing an upward trend

Photo: MintPremium
Photo: Mint

New Delhi: The Indian Institute of Foreign Trade (IIFT) said Wednesday it has completed summer placements for its 2018-20 batch with an average stipend of 1.48 lakh.

Summer placement this year has witnessed participation from a large number of companies from diverse sectors and industries, the IIFT, which is under the commerce ministry, said in a statement.

“The largest ever batch at IIFT with 321 students was placed across 90 companies with both the highest and average stipends seeing an upward trend," it said.

Among the 32 new companies that visited the institute this year includes Apollo Tyres, British Council Management Services, Edelweiss Asset Management, Genpact, Microsoft, MTR Foods, Phillips Healthcare, Pidilite Industries, and Swiggy.

“Tata Group remained a major recruiter with group companies making 15 offers across functions like sales and marketing, finance, general management and operations," it added.

Students got 16 international offers across Thailand, Africa, Singapore and the Middle East, the statement said. “While the highest stipend increased to 1,60,000 per month, the average stipend stood at 1,48,000 ... The average stipend for the top 50 per cent of the batch is 2,20,000," it said.

In sales and marketing, FMCG led the recruitment with the likes of Dabur, GILAC, ITC, L’Oreal, Mother Dairy, and Nestle, it said adding Aditya Birla Fashion, Airtel, Bajaj Auto, JSW, LAVA, Maersk Line, Raymond, Royal Enfield, Shell, Citi Bank, and JP Morgan Chase also offered a variety of roles.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 17 Oct 2018, 05:10 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App