Indian Institute of Foreign Trade Final Placement Report 2011 | 77 Companies

 

 

The placement session at the Indian Institute of Foreign Trade (IIFT) on Tuesday got a huge response from recruiters as the institute achieved 100% placement. Post-recession, the highest domestic package offered this year is Rs 15.51 lakh, up from Rs 13 lakh last year.

 

 

IIFT has completed its final placements, securing jobs for all its students for the class of 2011. A total of 96 companies participated in the placement process for a batch of 209 students with 37 new recruiters and the placements were completed with offers made by 77 companies. The Finance sector was the largest recruiter with 20% of the batch being placed in it.

 

 

The highest international package this year is US$ 150,000, offered by Olam International.

A number of coveted profiles were on offer this year at IIFT by a number of first time recruiters with energy giant Shell offering its Graduate Lead Program and ADM Agro offering its Commercial Trainee program. A cherished addition to IIFT’s recruiters list, Edelweiss Securities offered its coveted I-Banking profile.

Continuing the trend, this year also marked the arrival of big brands on campus with Procter & Gamble recruiting for the first time. Sales and Marketing profiles were offered by a number of FMCG companies confirming IIFT’s forte in this sector. Loyal recruiters such as ITC, Colgate Palmolive and Perfetti Van Melle offered profiles in this sector while Godrej Consumer products reaffirmed its faith in the talent at IIFT. The telecom sector was well-represented by Airtel, Vodafone & Idea Cellular while the automobile sector marked its presence through Tata Motors, Hero Honda, Bajaj Auto & TVS Motors. Pharmaceutical giant Ranbaxy also recruited for its Management Trainee program.

 

The average salary this year is Rs 11.6 lakh, an increase of 10% from last year's. The momentum was accelerated by global placements with 16 international offers from Europe, Singapore, Middle East and Africa. Organizations, namely, Olam International, ADM Agro, Aditya Birla Group, Emirates NBD, Triton Group and Jumbo Electronics offered varied profiles with alluring pay packages.

 

 

Sources: Coolavenues, Economic Times