IIFT has completed its final placements, securing jobs for all its students for the class of 2011. A total of 96 companies participated in the placement process for a batch of 209 students with 37 new recruiters and the placements were completed with offers made by 77 companies. The Finance sector was the largest recruiter with 20% of the batch being placed in it.
IIFT has recorded an increase of more than 10% in the average domestic salary and 100% placements in spite of more than 27% increase in the batch size. The average salary is Rs 11.6 lakh as per latest standings. The momentum was accelerated by global placements with job offers across the world such as in Europe, Singapore, Middle East and Africa. Organisations namely Olam International, ADM Agro, Aditya Birla Group, Emirates NBD, Triton Group and Jumbo Electronics offered varied profiles with alluring pay packages.
A number of coveted profiles were on offer this year at IIFT by a number of first time recruiters with energy giant Shell offering its Graduate Lead Program and ADM Agro offering its Commercial Trainee program. A cherished addition to IIFT’s recruiters list, Edelweiss Securities offered its coveted I-Banking profile. Corporate and Placement Advisor, Munish Bhargava said “It is really heartening to see students getting job profiles of their choice in diverse sectors.”
Continuing the trend, this year also marked the arrival of big brands on campus with Procter & Gamble recruiting for the first time. Sales and Marketing profiles were offered by a number of FMCG companies confirming IIFT’s forte in this sector. Loyal recruiters such as ITC, Colgate Palmolive and Perfetti Van Melle offered profiles in this sector while Godrej Consumer products reaffirmed its faith in the talent at IIFT. The telecom sector was well-represented by Airtel, Vodafone & Idea Cellular while the automobile sector marked its presence through Tata Motors, Hero Honda, Bajaj Auto & TVS Motors. Pharmaceutical giant Ranbaxy also recruited for its Management Trainee program.
Marking IIFT’s competency in the financial sector, companies like Citibank, Deutsche Bank, HSBC and Nomura Holdings offered coveted profiles. Domestic players also made their presence felt with ICICI, Yes Bank, Axis Bank and Tata Capital recruiting in good numbers. Adding to the portfolio of offers, Group companies such as Mahindra & Mahindra, RPG, L&T, Murugappa & Welspun offered profiles spanning from Group Strategy, Corporate Finance, Sales & Marketing to Operations.
With its robust growth story, the IT domain was well represented by companies like Cognizant, HP, Indus Valley Partners, HCL, Infosys, TCS and Wipro.
The highest international package offered at the campus was $150,000 by Olam International and the highest domestic package offered was Rs 15.51 lakh.
“Despite an increased batch size, students got plenty of choices in terms of sectors, domain and the profiles to choose the best companies to work for. This reaffirmed the faith and confidence that recruiters and corporate across the globe have in IIFT and its students,” quoted K.T.Chacko, Director, IIFT.
