The series of pre-placement offers and laterals season earlier meant that 57 students had already been placed even before the final placements had started. The average compensation package this year rose to Rs 10.11 lakh per annum from Rs 9.3 lakh per annum last year. The highest domestic salary this year was Rs 25 lakh per annum whereas the highest international package was US $ 110,000 per annum. In fact, IIFT says that the compensation packages offered to students this year saw a lot of incentives being provided in the form of stock options, signing bonuses, medical insurance and even holiday packages.
Jobs were offered to IIFT students across industry verticals like sales, marketing, strategy, banking, trade, consulting, telecom, steel, textiles, consumer goods, IT, pharmaceuticals, insurance, beverages, media and general management.
There were some new recruiters too. Says IIFT, "Displaying the institute's great connect with the industry, niche areas like carbon trade consulting made their debut at IIFT this year with companies like Emergent Ventures offering such profiles. Media was another new entrant this time around with HT Media recruiting from the campus for the first time."
Financial analyst profiles were offered by Lehman Brothers, Morgan Stanley, UBS, Kotak, ICICI and Inductis while credit rating agency ICRA offered the coveted post of a senior associate analyst. Citibank, Barclays, ICICI, Axis Bank, HSBC and HDFC offered a gamut of marketing, sales and investment banking profiles.
Reckitt Benckiser, ITC, Colgate Palmolive, Britannia, Cadbury along with others represented the FMCG sector. This year also witnessed a slew of telecommunication companies visiting IIFT including Bharti, Vodafone, Reliance Communications, and Idea. Recruiters of business conglomerates like Bharti, Essar, Aditya Birla Group, the Tata group made several offers on campus. Trade majors like Cargill, Olam International and SRS reaffirmed their belief in IIFT students. Despite fears of an IT slowdown, IT majors Wipro, TCS, HCL, IBM, Cognizant and Infosys were present in full strength.
Key recruiters at IIFT include Bharti Group, Colgate-Palmolive, Cadbury, HSBC, IBM, Lehman Brothers, UBS, Tata Motors and many more.
