The Hindu Business Line : Niche segments lure IIFT students

New Delhi, Feb 9 Recruiters combed Indian Institute of Foreign Trade (IIFT) campuses for professionals in verticals like media, carbon derivatives, consulting and global environment. The institute’s two campuses in Delhi and Kolkata witnessed a peak domestic salary of Rs 25 lakh, while the highest foreign offers stood at $1,10,000.

The average salary this year has registered an increase of 6.3 per cent at Rs 10.1 lakh compared with Rs 9.5 lakh in 2007. The highest individual salary last year stood at Rs 19.2 lakh.

Of the 100 companies that came, only 50 recruiters could make an offer on campus. While investment banking and financial services have been major recruiters this year, niche segments too wooed students with plum offers and foreign placements.

“About 40 per cent of the batch has already got placed through pre-placement offers and the lateral placement process. IIFT has a batch size of 151 students in all. The number of lateral offers stood at 53,” Mr Munish Bharagava, Corporate and Placement Advisor, IIFT, told Business Line. About five per cent of the students have got foreign placement offers in various domains.

Interestingly, several public sector undertaking were also keen on recruiting students. Few candidates in fact have been placed by BPCL. “Students are keen to take up offers in India itself. Lesser known verticals are gaining interest from them.”

Lehman Brothers, Noble Grains, Morgan Stanley, Barclay, Citibank, Barclays, HSBC, UBS, Reckitt Benckiser, Colgate-Palmolive, Olam International, RPG group, Reliance Communications, Cadbury, Backes & Strauss, Jumbo group, Axis were some of the key recruiters this year.

More Stories on : PSU | Human Resources

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Budget likely to ease merger of private airlines

Auto MNC workers hit training circuit overseas

Cement prices inch up across markets

Niche segments lure IIFT students

Ford hopes to resolve pension, job security issues soon

Market lure: Insurance cos’ exposure to equities on the rise

TRAI may set FDI norms for broadcasting, cable services