IIFT has concluded Placement with 55% more international offers. Four IIFT students received a package of USD 150,000 (Rs 1 crore) per annum along with another layer of compensation of USD 80,000 (Rs.53 lakhs) being offered to 7 IIFT students. Average salary in IIFT Placement has gone up to Rs.19.23 lakhs.
Indian Institute of Foreign Trade (IIFT) with its present campuses at Delhi and Kolkata and proposed campus at Kakinada, has concluded MBA Placement for the largest ever batch of 288 students, as compared to 258 in 2017, 254 students in 2016 and 219 in 2015. The Final Placement Process for the batch of 2016-18 witnessed participation from a large number of companies across sectors and industries in all domains.
While 110 companies had confirmed their participation, the placements were wrapped up with 94 recruiters, as such 16 recruiters could not get the opportunity to participate in placements. 35 companies were the first time recruiters at IIFT. These recruiters included prominent brands like Arcesium, Avendus Capital, BMW, CP group, Deloitte USI (S&O) EXL, PepsiCo, Tech Mahindra, YES Bank among others.
A total of 31 students are placed in 2018 in International Business roles in South America, Thailand, Africa and South-East countries with top notch recruiters recording a 55% jump from the preceding year as 20 students were offered international roles in 2017. IIFT continued to witness impressive international offers. While Olam, TGI, AluZinc, ADM and Phoenix Commodities visited IIFT for their coveted trade roles under their esteemed Management Trainee programs, placing students across various parts of Africa, Latin America and Southeast Asia; the CP Group based out of Thailand recruited for its Future Leaders Program (FLP) for their various business verticals across all domains.
British Telecom, DBS, Godrej, Hero MotoCorp, Mother Dairy, Shapoorji Pallonji, TetraPak and TVS Motors recruited students for various domains in their International Business streams.
The average compensation offered to the IIFT students is INR 19.23 LPA per annum, with the domestic average standing at INR 18.27 LPA. The highest domestic compensation offered witnessed a rise from INR 26 LPA last year to INR 29 LPA. Of the total batch strength of 288, IIFT saw an increase of 29.10% in the number of Pre-Placement Offers. Total of 93 PPOs were made in comparison to 74 last year .
IIFT is globally recognized for its leadership in trade and has shown spectacular skills across all domains. Airtel, AkzoNobel, Bajaj Auto, Britannia, Dell, Flipkart, Godrej, Google, GSK, Hewlett-Packard, ITC, LAVA, MSIL, Raymond, Sterlite Power, TATA Group, Tetrapak and Vodafone are some of the regular recruiters in the Sales & Marketing Domain whereas, stalwarts in the Finance sector such as Axis Bank, Citi Bank, CRISIL, DBS, Edelweiss, Goldman Sachs, HSBC, ICICI Bank, JP Morgan Chase & Co., Nomura, YES Bank etc. recruited IIFT students in large numbers.