The Indian Institute of Foreign Trade, fifty five years young, completed its final placements for the batch of 2017-19 recently, in the process becoming the fastest premier B-school in India to wrap up its final placement process. The batch of 2017-19, which consisted of 279 students, was placed across 98 companies with 32 new companies taking part in the placement process.
The average overall compensation this year rose to 20.07 LPA compared to 19.23 the previous year while average domestic compensation rose to 18.89 LPA compared to 18.27LPA last year. The median compensation for the year also rose to 18 LPA from 17LPA. The highest salary offered overall crossed Rs. 1 crore with several students receiving compensations of over Rs. 75 LPA.
The placement season started on a positive note with 93 PPOs being offered by major recruiters such as Airtel, GE, GEP, Godrej, Goldman Sachs,ITC, JPMC, KPMG, Louis Dreyfus,Shell, Synergy Consulting etc. Among the 32 first time recruiters were Aegis Resources, Axtria, Bata, DE Shaw Group, EpikInDiFi, Enhance Group, Export Trading Group, Fermenta Biotech, Field Fresh Foods, Go-MMT, HomeCredit, Lenskart, United Health Group, Paytm, Polycab, Rivigo, Roland Berger, Samunnati Finance, Tata Global Beverages, Tresvista Financial Services and Zomato. GE Healthcare opened its coveted Commercial Leadership Program for the first time.
IIFT also outdid itself in its niche of Trade and International Business with recruiters like African Industries Group, ADM, Aegis Resources, Export Trading Group, Olam International, Tolaram, Trafigura, etc participating in the recruitment process and offering positions across Africa, Middle East and South-East Asia.
Apart from its outstanding performance in the final placements, IIFT also performed exceptionally well in the summer placements for the batch of 2018-20. For the first time,the largest ever batch at IIFT with 321 students was placed across 90 companies with both the highest and average stipends seeing an upward trend. The average stipend for the summer placements was 1.48 lakh. This year, summer placements witnessed participation from a large number of companies from diverse sectors and industries.
Among the new companies that visited the institute this year for summer placements, Apollo Tyres, British Council Management Services, Edelweiss Asset Management, Genpact, Microsoft, MTR Foods, Philips Healthcare, Pidilite Industries, and Swiggy are some prominent names.Tata Group remained a major recruiter with group companies making 15 offers across functions like sales and marketing, finance, general management and operations.
There were 16 international offers given in countries such as Thailand, Africa, Singapore and the Middle East.The highest stipend increased to Rs 1,60,000 per month, the average stipend stood at Rs 1,48,000.
In sales and marketing, FMCGs led the recruitment with the likes of Dabur, GILAC, ITC, L’Oreal, Mother Dairy, and Nestle, it said adding Aditya Birla Fashion, Airtel, Bajaj Auto, JSW, LAVA, Maersk Line, Raymond, Royal Enfield, Shell, Citi Bank, and JP Morgan Chase also offered a variety of roles in a variety of domains. This outstanding performance by the institute in both its summer and final placements is attributed to its diverse course structure, academic rigour and strengthening relations with recruiters, old and new.