The Delhi-based Indian Institute of Foreign Trade (IIFT) this year has seen its highest international salary package, till date, of $150,000 per annum, besides recording the highest average salary of Rs 11.54 lakh.
The final placements season that began in December last year saw 62 companies making offers to 164 students.
“This time around, the placements took place in three phases — international companies, lateral placements and final placements that ended in the first week of March. We spread this out as we did not want the recruiters to be under pressure,” said Munish Bhargava, corporate and placement advisor, IIFT.
About 30 per cent of the batch of 164 students, had pre-placement offers from firms like Cognizant Business Consulting, Mahindra & Mahindra, Johnson & Johnson Medical Systems, Tata Steel, Reckitt Benckiser, among others. Almost 10 per cent of the batch got placed overseas with Olam International offering the highest salary of $150,000. Other international recruiters included Triton Group, Sudima International, Punj Lloyd and Wilson International.
The highest domestic salary was Rs 13.08 lakh, while the average salary increased by 53 per cent over the last year at Rs 11.54 lakh per annum. Moreover, real estate companies along with energy and infrastructure firms were the new ones who visited the campus. The first timers included Amazan Agro, Daimler India, ONGC, Johnson & Johnson Medical Systems, Religare, Tata International, Jaypee Capital, ICICI Securities, Cairn Energy, SBI Capital, Gati, GE Corporation, MARG Group, Interglobe and Vistasoft.
“This year’s highest salary crossed the pre-slowdown levels. Last year, 30 per cent of the students opted for public sector jobs despite getting higher offers from private companies as the sentiment was to have a stable job,” added Bhargava. However, the institute still follows the one student-one offer policy as part of which a student can’t sit for another company’s exam if he already has one offer.