The Indian Institute of Foreign Trade (IIFT) has completed its placements for the year 2018 with a jump of 55% in the area of international offers. The institute is proud to state that four of its students received a salary package of USD 150,000 (approximately ₹ 1 crore) per annum. A batch of seven students was given a salary package of USD 80,000 (approximately ₹ 53 lakhs. With this, the average salary of IIFT, Delhi students has gone up to ₹19.23 lakhs from ₹ 18.4 lakhs last year. According to the institute's director, Dr. Manoj Pant, these placements prove that the course structure is in complete alignment with the roles being offered.
At the recently concluded final placement of IIFT students across its two campuses at Delhi and Kolkata, 288 students received placements from companies of high repute across a wide spectrum of companies, sectors and industries.
At the placements, while 110 companies had confirmed they would participate in the placements, only 94 companies could actively participate, leaving out 16 recruiters who just didn't get a chance to participate. Of these, 35 companies were seen for the first time at the institute. Some of them were PepsiCo, BMW, CP group, Deloitte USI (S&O) EXL, Arcesium, Tech Mahindra, Avendus Capital, YES Bank, among many others.
With offers from industry leaders across domains, IIFT has completed its final placements process well within the time allotted to it. This makes it the No. 1 premier B-School to be able to place all its outgoing students.
55% leap in international jobs
In 2018, 31 students were placed in international business jobs in South-East countries, Latin America, Thailand and Africa. This is a 55% jump from the previous year when only 20 students were offered international jobs. With the fantastic salary packages offered this year, IIFT has proved its stand as a leading business school in India.
International placement trends: The strength of the IIFT has always been in clinching international placements, something that has been increasing significantly over the years.
Top International Recruiters: Due to the stupendous performance of its students, the IIFT keeps playing host to several international recruiters on its campus, year after year. For instance, this year, recruiters of eminence such as TGI, Olam, Phoenix Commodities, AluZinc and ADM visited the IIFT, Delhi, to recruit candidates for their reputed Management Trainee programs. These students were to be placed in different parts of Latin America, Southeast Asia and Africa, while the Thai recruiting agency, the CP Group, were successful in headhunting for their famous Future Leaders Program (FLP) for several business verticals in a large spectrum of domains. Other notable companies in the international realm that were successful in placing candidates include Shapoorji Pallonji, Godrej, British Telecom, Hero MotoCorp, DBS, Mother Dairy, TVS Motors and TetraPak.
Domestic placement trends: The average domestic compensation offered in 2018 stood at ₹19.23 lakhs per annum. The highest domestic compensation received saw a rise of ₹3 lakhs per annum, with annual packages rising from ₹26 lakhs per annum to ₹29 lakhs per annum.
Pre-Placement Offers (PPOs): Of the total batch strength of 288, IIFT saw an increase of 29.10% in the number of Pre-Placement Offers. A total of 94 PPOs were added this year in comparison to 74 last year reaffirming the recruiters’ faith in the talent and hard work of the candidates at IIFT.
Top Recruiters at IIFT: Today, IIFT is internationally recognized for its No. 1 position in trade. For this reason, it was visited by leading recruiters in Sales & Marketing, such as Airtel, TATA Group, Godrej, Bajaj Auto, AkzoNobel, Britannia, Hewlett-Packard, Vodafone, Sterlite Power, MSIL, Dell, ITC, Flipkart, Google, Raymond, GSK, LAVA and Tetrapak. Those in Finance include HSBC, Goldman Sachs, ICICI Bank, Edelweiss, Citi Bank, DBS, JP Morgan Chase & Co., YES Bank, Axis Bank, CRISIL, Nomura, etc. who recruited students in large numbers.
There were also some top-notch recruiters like the Aditya Birla Group that hired students, particularly for their cherished LEAP program, include the TATA group, Infosys Management Consulting, Amazon, Shell, Wipro IT Consulting, RPG group, L&T, Bain Capability Centre, Dabur, GE, Cognizant Business Consulting, GEP and Michael Page.
First-time recruiters this year included the Shapoorji Pallonji, Adani Group, Sterlite Power, Murugappa Group, VECV, Acquisory Consulting, Mother Dairy, i3 Consulting, OYO Rooms and VF Corporation, among others.
The IIFT was established in 1963 by the Government of India as an autonomous organisation. The objective was to help professionalize India's foreign trade management and work to increase exports by developing human resources; and by generating, analysing and distributing data; and conducting research.
IIFT offers long-term management programmes in International Business. The courses include a two-year, full-time MBA (International Business) at New Delhi, Kolkata and Dar-es-Salaam. Only recently, it has launched another campus at Kakinada (Andhra Pradesh). IIFT also offers a three-year, part-time MBA (International Business) at its New Delhi and Kolkata campuses and Executive Masters in International Business and Certificate Programme in Export Management are offered at the New Delhi campus.