There were 80 companies on campus to recruit 115 candidates; 60% of the recruiters were first-timers; and the banking and financial services sector was the major recruiter.
Placements 2007 started with less than the full strength -- as 20% of the batch had already received pre-placement offers well before the placement week started. Comparative data shows that the average salary increased by 20% -- from Rs.8.1 lakh per annum in 2006 and Rs.7.28 lakh per annum in 2005. And this year’s highest domestic salary of Rs 16 lakh was considerably higher than 10.6 lakh in 2006 and Rs.9.5 lakh in 2005.
National and international recruiters included companies from different sectors such as FMCG, banking, consulting, IT, pharma, trading and logistics. Some of the new emerging sectors were retail and real estate. Prominent recruiters included Lehman Brothers, Standard Chartered Bank, Citibank, SAB Miller, UTI, Bharti, DTZ, Olam International, Backes & Strauss, Colgate-Palmolive, ITC, Nestle, Dabur, ICICI, SBI, Infosys, Accenture, IBM, AWB, CSC, Cognizant, Yes Bank and HCL.
Munish Bhargava, corporate and placement advisor, IIFT, said: “It is promising to see a substantial increase in all sectors, especially in FMCG and banking. The highlight of this year’s placement is that it has broken all records and students have been satisfied with their placements.”
IIFTwas established in 1963 with a view to strengthen the external trade sector. Besides imparting training in foreign trade management, it also undertakes research in international trade. IIFT has, over the years, undertaken path-breaking research studies with organizations like WTO, World Bank, UNCTAD and the Ministry of Commerce and Industry, Government of India.
