The Indian Institute of Foreign Trade has completed the Final Placements Process of its largest ever batch of 2016-18 in record time with offers from domain leaders of the industry, making it the fastest premier B-School to place its outgoing batch.
A total of 31 students are placed in International Business roles in South America, Thailand, Africa and South-East countries with top notch recruiters – a splendid 55% jump from the preceding year. Four students receiving a package of USD 150,000 per annum along with another layer of compensation of USD 80,000 being offered to 7 students, carves a new position for itself in the global scenario.
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 reaffirming the recruiters’ faith in the talent and hard work of the candidates at IIFT. While 110 companies had confirmed their participation, the placements were wrapped up with 94 recruiters and 35 companies associating with IIFT for the first time including prominent brands like Arcesium, Avendus Capital, BMW, CP group, Deloitte USI (S&O), EXL, PepsiCo, Tech Mahindra, YES Bank amongst others.
IIFT, globally recognized for its leadership in Trade, has shown spectacular skills across all domains and the campus visit by top recruiters being a testimony to the same. 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.
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 placements of 2016-18 batch saw some of the top-notch recruiters regularly visiting IIFT such as Aditya Birla Group recruiting for their coveted LEAP program, Amazon, Bain Capability Centre, Cognizant Business Consulting, Dabur, GEP, GE, Infosys Management Consulting, L&T, Michael Page, RPG group, Shell, TATA group, Wipro IT Consulting etc. IIFT also associated for the first time with organisations such as Acquisory Consulting, Adani Group, i3 Consulting, Mother Dairy, Murugappa Group, OYO Rooms, Shapoorji Pallonji, Sterlite Power, VECV, VF Corporation, etc.
“Quality placement with opening of superior roles offered by leaders of national and international repute, clearly shows the perfect alignment of course structure, making our students industry ready by arranging engagements with various industry leaders, our esteemed alumni & dedicated faculty” said Dr. Manoj Pant, Director, IIFT, New Delhi.