IIFT Placement 2018: 4 students grab Rs.1 crore salary, 7 above 50 lakhs; 55% more International offers - average salary up

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IIFT Placement 2018
Thursday, March 01 2018, 01:20 PM
IIFT has concluded Placement 2018 with 55% more international offers. Four IIFT students received a package of USD 150,000 (Rs 1 crore) per annum along with another layer of compensation of USD 80,000 (Rs.53 lakhs) being offered to 7 IIFT students. Average salary in IIFT Placement 2018 has gone upto Rs.19.23 lakhs
“Quality placement with opening of superior roles offered by leaders of national and international repute, clearly shows the perfect alignment of course structure” Dr. Manoj Pant, Director, IIFT, New Delhi

Indian Institute of Foreign Trade (IIFT) has concluded Placement 2018 with 55% more international offers. Carving a new position in the global scenario, four IIFT students received a package of USD 150,000 (Rs 1 crore) per annum along with another layer of compensation of USD 80,000 (Rs.53 lakhs) being offered to 7 IIFT students. Average salary in IIFT Placement 2018 has gone upto Rs.19.23 lakhs

Indian Institute of Foreign Trade (IIFT) with its present campuses at Delhi and Kolkata and proposed campus at Kakinada, has concluded MBA Placement 2018 for the largest ever batch of 288 students, as compared to 258 in 2017, 254 students in 2016 and 219 in 2015. The Final Placement Process for the batch of 2016-18 witnessed participation from a large number of companies across sectors and industries in all domains.

More offers by recruiters
While 110 companies had confirmed their participation, the placements were wrapped up with 94 recruiters, as such 16 recruiters could not get the opportunity to participate in placements.

35 companies were the first time recruiters at IIFT. These recruiters included prominent brands like Arcesium, Avendus Capital, BMW, CP group, Deloitte USI (S&O) EXL, PepsiCo, Tech Mahindra, YES Bank amongst others.

IIFT has completed the Final Placements Process 2018 in record time with offers from domain leaders of the industry, making it the fastest premier B-School to place its outgoing batch.

55% Jump in International offers
A total of 31 students are placed in 2018 in International Business roles in South America, Thailand, Africa and South-East countries with top notch recruiters recording a splendid 55% jump from the preceding year as 20 students were offered international roles in 2017.

IIFT has indicated its standing as one of the leading B‐Schools of the country by concluding final placements for the Batch of 2016-2018 with higher salary packages and more recruiters.

Placement Trends: International
International placements have always been IIFT’s strength and there has been a remarkable increase in the same over the years.

Placement year (International placements)
Highest package & Number of students
Next layer of compensation and number of students
Placement 2018
USD 150000 (4 students at Rs.1 Crore)
USD 80000 (7 students at Rs.53 lakhs)
Placement 2017
USD 150000 (3 students at Rs.1 crore plus)
Rs. 75 lakhs (6 students)

The difference after conversion to Indian Rupees is due to exchange rate fluctuations. U S Dollar in terms of Indian Rupee stands at less than Rs.66 in 2018. It was at Rs.67 in 2017.

Top International Recruiters
IIFT continued to witness impressive international offers. While Olam, TGI, AluZinc, ADM and Phoenix Commodities visited IIFT for their coveted Trade roles under their esteemed Management Trainee programs, placing students across various parts of Africa, Latin America and Southeast Asia; the CP Group based out of Thailand recruited for its Future Leaders Program (FLP) for their various business verticals across all domains.

British Telecom, DBS, Godrej, Hero MotoCorp, Mother Dairy, Shapoorji Pallonji, TetraPak and TVS Motors recruited students for various domains in their International Business streams.

Placement Trends: Domestic
The average compensation offered to the IIFT students is INR 19.23 LPA per annum, with the domestic average standing at INR 18.27 LPA. The highest domestic compensation offered witnessed a rise from INR 26 LPA last year to INR 29 LPA.

Placement Year (Domestic Placements)
Average Salary (Rs. in lakhs)
Highest Salary (Rs. in lakhs)
Placement 2018
19.23 (Domestic average 18.27)
29.00
Placement 2017
18.41
26.00
Placement 2016
18.01
29.00

Pre Placement offers
Of the total batch strength of 288, IIFT saw an increase of 29.10% in the number of Pre-Placement Offers. Total of 93 PPOs were made 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
IIFT is globally recognized for its leadership in Trade and has shown spectacular skills across all domains. Campus visit by top recruiters is a testimony to the same. Airtel, AkzoNobel, Bajaj Auto, Britannia, Dell, Flipkart, Godrej, Google, GSK, Hewlett-Packard, ITC, LAVA, MSIL, Raymond, Sterlite Power, TATA Group, Tetrapak and Vodafone are some of the regular recruiters in the Sales & Marketing Domain whereas, stalwarts in the Finance sector such as Axis Bank, Citi Bank, CRISIL, DBS, Edelweiss, Goldman Sachs, HSBC, ICICI Bank, JP Morgan Chase & Co., Nomura, YES Bank etc. recruited IIFT students in large numbers.

The placements of 2016-18 batch saw some of the top-notch recruiters regularly visiting IIFT such as Aditya Birla Group recruiting for their coveted LEAP program,

Amazon, Bain Capability Centre, Cognizant Business Consulting, Dabur, GEP, GE, Infosys Management Consulting, L&T, Michael Page, RPG group, Shell, TATA group, Wipro IT Consulting are among the top recruiters at IIFT.

IIFT also associated for the first time with organisations such as Acquisory Consulting, Adani Group, i3 Consulting, Mother Dairy, Murugappa Group, OYO Rooms, Shapoorji Pallonji, Sterlite Power, VECV, VF Corporation among others.

Sharing his comments on IIFT Placement 2018, Dr. Manoj Pant, Director, IIFT, New Delhi said “Quality placement with opening of superior roles offered by leaders of national and international repute, clearly shows the perfect alignment of course structure, making our students industry ready by arranging engagements with various industry leaders, our esteemed alumni & dedicated faculty.”

The Indian Institute of Foreign Trade (IIFT) was set up in 1963 by the Government of India as an autonomous organisation to help professionalize the country's foreign trade management and increase exports by developing human resources; generating, analysing and disseminating data; and conducting research. IIFT offers a diverse portfolio of long term management programmes in International Business namely 2 years full time MBA (International Business) at New Delhi, Kolkata, Dar-es-Salaam and now has launched a new campus at Kakinada (Andhra Pradesh). Apart from MBA (IB) IIFT offers 3 year MBA (International Business) (Part-Time) at New Delhi and Kolkata campuses; Executive Masters in International Business, New Delhi; Certificate Programme in Export Management, New Delhi.

Stay tuned to MBAUniverse.com for more updates on IIFT New Delhi, Kolkata & Kakinada

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