IIFT Placement 2014: IIFT achieves 100% final Placement; 15% rise in average salary

MBAUniverse.com News Desk |
February 28, 2014
Indian Institute of Foreign Trade, Delhi and Kolkata campuses have concluded their final placements for the Batch of 2012-2014 in record time with a 15% rise in average salary than last year.
Once again the leaders of trade and industry from India and abroad have re-confirmed their faith in the quality of students IIFT has produced

Indian Institute of Foreign Trade, Delhi and Kolkata campuses have reinforced their standing as one of the elite B‐Schools of the country, by concluding final placements for the Batch of 2012-2014 in record time. In all 85 recruiters including 46 first-time recruiters made offers for 200 students of the graduating class of 2014. The highest domestic CTC stood at Rs. 24 lakhs p.a. with the average CTC rising by 15%to Rs. 14.32 lakhs p.a.

IIFT has surpassed its last years Placements records. The average domestic annual salary offered to the students at IIFT 2013 Placements was Rs 12.1 lakhs and the highest annual salary package was Rs 22 lakhs in IIFT 2013 Placements.

Dr. Surajit Mitra, Director of IIFT quoted: “Once again the leaders of trade and industry from India and abroad have re-confirmed their faith in the quality of students IIFT has produced. Leading enterprises cutting across major sectors of our economy have recruited our students. Thanks to our curriculum revision keeping in mind the need of the market. It has paid off.”

The recruiters reaffirmed their faith in IIFT’s talent by rolling out 32 Pre Placement Offers.

HCL was the largest recruiter with 14 offers, followed by Flipkart (11 offers); J.P. Morgan (10), Cognizant Business Consulting (9), Goldman Sachs (8) and Google (6). Senior management roles were offered by TATA NYK, Zomato, Hennes and Mauritz for positions such as AVP - Operations, Country Head – Procurement, and Regional Sales Manager. Russell Reynolds, a global top – 5 executive search firm, offered its niche role for the first time in India.

International placements saw a remarkable rise with 12 offers being offered for roles in Africa, the Middle – East, Indonesia, Singapore and Malaysia. The highest international offer stood at US$ 88,500 with 3 out of the famed ‘ABCD’ of global trading – namely Bunge, Cargill and Louis Dreyfus offering multiple roles in trading. Other prominent recruiters in trade include the likes of Tricon Energy, Triton Group, Trimex International, Phoenix Commodities and Valency International.

Conglomerates such as Airtel, Cipla, Mahindra & Mahindra, RPG, Robert Bosch, L&T, Jindal Steel and Apollo Hospitals offered their leadership and strategy roles to IIFTians. The consulting domain saw participation from Deloitte, Ernst & Young, KPMG, Corporate Executive Board, Cognizant Business Consulting, Avalon Consulting and Technopak among other recruiters on campus. The campus continued to be the preferred destination for Technology and E-commerce majors like Google, Amazon, Philips, Jabong, Nokia, SAP India.

Major recruiters in the BFSI domain include Goldman Sachs, Citibank, J.P.Morgan, Nomura, RBS, Langham Capital and HSBC. Flipkart, Trident Group and Wipro offered roles in corporate finance.

Sales & Marketing recruiters on campus were ITC, Reckitt Benckiser, Godrej, Britannia, Vodafone, SAB Miller, Titan, HT Media, Madura F&L, Emami, Tata Motors and Bajaj Auto with offers both in domestic and international marketing. Healthcare and pharmaceutical giants made their presence felt with students bagging profiles across domains with Cipla, Medtronic, Eli Lilly, Stryker, Apollo Hospitals, Abbott and ACG Worldwide.
Other notable recruiters were TATA Steel, ITC InfoTech, KPIT Cummins, Mahindra Comviva, Interglobe and Aricent.

IIFT was set up by the Government of India as an autonomous organization to help professionalize the country's foreign trade management and increase exports by developing human resources; generating, analyzing and disseminating data; and conducting research. IIFT has a portfolio of diverse long-term programmes, catering to the requirements of aspiring International Business executives and mid-career professionals alike.

Our earlier articles on IIFT

IIFT 2013 Exam Analysis: Calculate your cut-off

IIFT 2013 Exam pattern and IIFT Paper pattern

IIFT 2013: Last day tips for IIFT entrance exam

 IIFT Delhi Admissions 2014, Placements, IIFT 2014 exam

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