The Indian Institute of Foreign Trade (IIFT), one of the oldest B-schools in the country, has registered a record placement with four students bagging salary package of over Rs 1 crore per annum.
The institute, which registered 100 per cent placement of its largest ever batch of 254 students, also recorded a significant rise in the salary offered by recruiters in domestic placements. While the average salary offered to the institute’s students in domestic placements remained at Rs 18.01 lakh per annum, the highest compensation offered by the recruiters for various positions in India reached Rs 29 lakh.
Large numbers of IIFT students were hired by some of the top recruiters like Amazon, Cognizant Business Consulting, JP Morgan, State Bank of India, Goldman Sachs, Vodafone, IDFC Bank, Wipro, HCL, Citibank and ICICI Bank, among others. One-fourth of the batch received pre-placement offers (PPOs), a 36% rise vis-a-vis last year.
A list of first time recruiters too landed up at the IIFT campus this year to recruit students. These include both domestic and international firms like Nivea, Pernod Ricard, 3M, British Telecom, Tata Sky, Synergy Consulting, General Motors, TGI Group, IDFC Bank and many more.
Technology wizards like Google, HP, SAP India, IBM, Hexaware and Adobe made their presence felt at IIFT. The e-Commerce sector, too, hired aggressively from IIFT. Few of the larger recruiters included Flipkart, Amazon, ShopClues, CarDekho, Bluestone and Play games24x7.
Surajit Mitra, director of IIFT, said, "The best from the global industry continued to place their faith in the exceptional quality of students of IIFT. This is the result of 52 years of continued excellence in academics supported by a vibrant alumni community."