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IIFT final placements for batch of 2013-15 conclude in record time

Published On: 16 Jan 2015

 | Last Updated On: 16 Jan 2015

The final placement session for the batch of 2013-15 at the premier Indian Institute of Foreign Trade (IIFT) concluded in record time, with 69 recruiters making offers for the largest ever batch of 219 students and the highest compensation offered rising by 20%. Around a quarter of the batch received Pre-Placement Offers (PPOs), which is a 48% increase compared to last year.

Conglomerates such as Mahindra and Mahindra, Godrej Properties Limited, RPG, Cipla, Airtel, L&T, Robert Bosch and Raymond offered leadership and strategy roles to the candidates. IIFT made giant strides in the Consulting domain, with the prestigious Clinton Health Access Initiative offering the sought-after role of healthcare consulting. The other key players in the Consulting domain included Deloitte, PwC, Cognizant Business Consulting, Infosys Management Consulting Services, Actuate Business Consulting and Stellium Consulting. Global Top-5 Executive Search firm, Russell Reynolds, continued to hire exclusively from IIFT.

International placements remained robust, with a remarkable rise in offers across locations including Beijing, Melbourne, San Francisco, Dubai, Moscow, Bangkok, Singapore and Nigeria. IIFT students bagged lucrative roles from prominent recruiters in trade such as Louis Dreyfus, Glencore, AluZinc Asia, Phoenix Commodities and Vital Solutions Singapore. Maersk Line and Sharaf Shipping also offered niche shipping roles, reinforcing the institute’s status as one of the top trade schools in Asia.

The campus continued to be the preferred destination for Technology majors as well, which included Google, HP, Dell, Lenovo, SAP India, IBM and Interglobe. The e-commerce sector hired extensively across profiles, including firms such as Amazon, Flipkart, Snapdeal, PayTm, mjunction, Shopclues, Zopper, etc. Information Technology/IT enabled services (IT/ITes) firms such as HCL, TCS, Wipro, KPIT and TATA Advanced Systems Limited made their presence felt also, offering a wide gamut of roles to the candidates.

From the Finance sector, companies such as Goldman Sachs, JP Morgan, Nomura, Bank of America, Citibank, Citi Services India Limited, Royal Bank of Scotland, HSBC, HDFC, ICICI Bank, Axis Bank, Indus Valley Partners, Edelweiss, TATA Capital, Aviva, etc. made offers. Vodafone, Flipkart and Wipro extended offers in corporate finance.

In Sales and Marketing, firms including ITC, Godrej Consumer Products Limited, L'Oreal, Britannia, Wipro Consumer Care, Tolaram Group, TATA Motors, Bajaj Auto, TATA Steel, Madura Fashion and Lifestyle, Titan, HT Media offered roles. Healthcare and Pharmaceutical majors such as Eli Lilly, Cipla, Zimmer, Indegene Lifesystems and Bioxcel extended offers for profiles across domains.

The highlight of the placement process is the rise in foreign offers to 13 this year. Global firms based in the United States (US), Singapore, Middle-East, Nigeria and Australia recruited from IIFT. The top international salary has shot up to US$ 110,000 this year, offered by a US-based firm. The highest domestic salary offered was over Rs 24 lakhs.

According to IIFT officials, the continued increase in job offers from each company emphasizes the fact that the courses of IIFT are aligned to industry requirements, making the institute a top destination of hiring by various firms.

IIFT is a 51-year old business school (B-school), established by the Government of India, directly under the Ministry of Commerce. It has campuses in New Delhi and Kolkata.

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