November, 2014 saw IIFT finishing its summer placements for 2014-16 batch with record international offers and 35 % increase in the average stipend. They recently completed their final placements for the batch 2013-15 in a week. Read on.
Indian Institute of Foreign Trade has once again indicated its standing as one of the leading B‐Schools of the country by concluding final placements for the Batch of 2013-2015 in record time. In all 69 recruiters made offers for the largest ever batch of 219 students with 20% rise in the highest compensation offered. Close to quarter of the batch received PPOs (48% rise vis a vis last year), reflecting the immense demand for IIFT graduates in the corporate world.
Conglomerates such as Mahindra and Mahindra, Godrej Properties Limited, RPG, Cipla, Airtel, L&T, Robert Bosch and Raymond offered their leadership and strategy roles to IIFTians. IIFT made giant strides in the Consulting domain with the prestigious Clinton Health Access Initiative offering their highly coveted role in healthcare consulting. Deloitte, PwC, Cognizant Business Consulting, Infosys Management Consulting Services, Actuate Business Consulting and Stellium Consulting made up the other consulting recruiters on campus. Global Top-5 Executive Search firm, Russell Reynolds, continued to hire exclusively from IIFT.
International placements remained robust, with remarkable rise in offers across locations such as Beijing, Melbourne, San Francisco, Dubai, Moscow, Bangkok, Singapore & Nigeria. IIFT reinforced its standing as the best trade school in Asia with roles offered by prominent recruiters in trade like Louis Dreyfus, Glencore, AluZinc Asia, Phoenix Commodities and Vital Solutions Singapore. Maersk Line & Sharaf Shipping also offered niche shipping roles to IIFTians.
The campus continued to be the preferred destination for Technology majors like Google, HP, Dell, Lenovo, SAP India, IBM and Interglobe. The e-commerce sector hired aggressively across profiles, with names like Amazon, Flipkart, Snapdeal, PayTm, mjunction, Shopclues, Zopper all vying to recruit from IIFT. IT/ITes firms like HCL, TCS, Wipro, KPIT and TATA Advanced Systems Limited made their presence felt offering a wide gamut of roles to IIFTians.
IIFT’s innate strength in finance reflected by the presence of organisations like 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. Vodafone, Flipkart and Wipro offered roles in corporate finance.
IIFT has retained its edge in Sales and marketing with marquee names like 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. Healthcare and pharmaceutical giants reaffirmed IIFT’s strength in International Business, with students bagging profiles across domains at Eli Lilly, Cipla, Zimmer, Indegene Lifesystems and Bioxcel.
The highlight of the Placement Process is the rise in foreign offers to 13 this year. Foreign companies based in US, Singapore Middle-East, Nigeria & Australia have opted for IIFTians. The highest salary has gone up to US$ 110000 by a US based company, while the highest domestic salary is above Rs. 24 lakhs.
Dr. Surajit Mitra, Director of IIFT observed:
“Industry stalwarts have yet again chosen IIFT as their preferred talent pool. The continued rise in offers per company, highlights the perfect alignment of our course structure with industry requirements. Thanks to the contributions made by our faculty which have helped IIFTians reach these heights.”
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