Commenting on the successful completion of this year’s placement season, Mr Munish Bhargava, the corporate and placements advisor at IIFT, says, “We have registered 100 percent placement in 2009. Meltdown of the markets from October lead to layoffs across sectors all over the world and most organizations seemed to be putting their growth plans on hold. IIFT has managed to rise to the challenge, ensuring 100% placements for its students and in the process adding 20% more recruiters to its previous year’s numbers. Seventy-three companies participated offering diverse profiles to students. In times like these, when a lot of companies were not recruiting in large numbers, what made IIFT stand out was the diversity of the recruiters across various sectors.”
“Our students have been placed in some of the biggest business conglomerates in India. This placement season at IIFT witnessed 73 companies of which only 62 could recruit students. This year over 38 new companies came to IIFT campus, students got to chose from a large variety of industries and roles. Companies across diverse sectors - like manufacturing, telecom, trade, IT, logistics, microfinance, Pharmaceuticals, exports, and infrastructure - visited campus,” further says Mr Munish Bhargava.
In the current economic scenario, the Public Sector Undertakings (PSUs) are among the few organizations that are doing well and have major growth plans in the near future. That propelled a lot of students to apply for marketing, finance, trading & international marketing roles in government sector organizations. More than 10 public sector organizations visited the campus recruiting 30% of the students in the batch. Some of the prominent public sector recruiters were BHEL, STC, PEC, Bank of Baroda, SAIL, IDBI Bank, NMDC, MMTC, CDC, IIFCL, ECGC etc.
The top players across all sectors marked their presence on campus. Industry leaders like Arthur D’Little, ITC, Colgate Palmolive, Nomura Holdings, Coca Cola, Mahindra & Mahindra, Bharti Airtel, Glenmark, Titan, Bajaj Auto, Cargill, Tata Motors, Axis Bank, ICRA, Unicon Securities, Eli Lilly, Vodafone, Virgin mobile, Philips Godfrey, Essar Group, Tata Steel, Reckitt Benckiser, ICI Paints, Avalon Consulting etc. visited campus for recruiting students for various roles like marketing, corporate finance, treasury, international business, general management, consulting and so on. Emergent Ventures offered niche Carbon Consulting & Finance profiles.
Some of the new recruiters this like Usha International, A P Moller Maersk, Fino Analytics, Darashaw, Mitsui & co., Merck, CARE Ratings, Siemens, Bertling Global offered diverse profiles. IT Recruiters like Wipro, Cognizant Business Consulting, HCL, TCS, Infosys were present in full strength.
The highest salary offered this year was Rs 19 lacs per annum by a premier investment Bank. The average salary was around Rs 8.09 lacs. Twenty-six percent of the students got profile in International Business and trading.
“IIFT has always produced individuals who have left their footprints in the global roadmap and made India proud. Our students this year got placements from all the top companies present in India and also well-known international firms,” Mr K T Chacko, Director, IIFT says.
