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Rs. 64 Lakh foreign offer crowns IIFT placements this year

Job offers from international companies are flooding Indian Institute of Foreign Trade (IIFT) as the B-school got 100% placements for this year’s batch of 204. The highest international offer was for Rs 64 lakh per annum while the institute also saw better job offers from domestic companies. The talent acquisition programme saw companies from Singapore, Switzerland, Germany, Dubai, Vietnam, Myanmar and Africa coming to IIFT campus. Only one student opted out of the placement process.


In all 15 students received international offers. The highest offer was made by an agro-commodity trading company. On the domestic front, the placements have been better than last year with the highest salary at Rs 19 lakh, up from Rs 15 lakh in 2011. The average overall salary too improved from Rs 11.62 lakh in 2011 to Rs 12.1 lakh this year. 
While the banking and finance sector continued its dominance on the campus for the third consecutive year, trading, supply-chain, operations and logistics are the other favourites this time around. Munish Bhargava, IIFT corporate and placement advisor, said, “Many global majors are offering jobs to our students. In all students accepted offers from across 80 organizations as against 76 last year. It is heartening to see the growing confidence that recruiters not only from Indian but also from Middle East, South-East Asia, Europe and North America have in our students.” There are 33 first-time recruiters such as Duferco Group, Stemcor, German logistics giant Duegro, among others.

Posted on 17 Mar 2012