On Campus

Average salary jumps by 15% at IIFT; pre-placement offers drop by 30%

Our Bureau New Delhi | Updated on March 01, 2014 Published on February 27, 2014

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The average salary at the Delhi and Kolkata campuses of the Indian Institute of Foreign Trade (IIFT) has increased by almost 15 per cent this year. The B-school’s average salary for the 2014 batch is Rs 14.32 lakh. Last year, it was Rs 12.4 lakh.

Also, the highest domestic offer at the campuses stood at Rs 24 lakh when last year it was Rs 22 lakh.

The number of companies that recruited from both campuses has also increased from 74 last year to 85 in 2014.

Last year the number of new recruiters at the campuses was 34 and this year the number has jumped to 46, an increase of 35 per cent.

However, the total number of Pre-Placement Offers (PPOs) has dropped by almost 30 per cent at IIFT with 32 PPOs this year compared to 2013’s 46.

HCL was the largest recruiter at campuses with 14 offers, followed by Flipkart and J.P. Morgan which made 11 and 10 offers respectively. Cognizant Business Consulting offered nine roles, Goldman Sachs and Google each offered eight.

Senior management roles were offered by Tata NYK, Zomato, Hennes and Mauritz for positions such as Assistant Vice-President of operations, country head of procurement and regional sales manager.

Trading firms including Bunge, Cargill and Louis Dreyfus offered multiple roles in trading. Other prominent recruiters in trade include Tricon Energy, Triton Group, Trimex International, Phoenix Commodities and Valency International.

Russell Reynolds, a top executive search firm, offered niche roles to IIFT students for the first time in India.

The business school has grabbed 12 international offers for roles in Africa, West Asia, Indonesia, Singapore and Malaysia with a highest international offer at $88,500.

Large corporates such as Airtel, M&M, RPG, Robert Bosch, L&T, and Jindal Steel offered leadership and strategy roles at IIFT.

The consulting domain saw participation from Deloitte, Ernst & Young, KPMG, The Corporate Executive Board, Cognizant Business Consulting, Avalon Consulting and Technopak. Technology and e-commerce majors like Amazon, Philips, Jabong, Nokia, and SAP India were also among the top recruiters.

Major recruiters in the BFSI domain include Goldman Sachs, Citibank, JP Morgan, Nomura, RBS, Langham Capital and HSBC. Flipkart, Trident Group and Wipro offered roles in corporate finance.

Sales and marketing recruiters on campus were ITC, Reckitt Benckiser, Godrej, Britannia, Vodafone, SAB Miller, Titan, TATA Steel, HT Media, Madura F&L, Emami, Bajaj Auto and Tata Motors with offers both in domestic and international marketing.

The healthcare and pharmaceutical sector also hired from IIFT with Medtronic, Eli Lilly, Stryker, Abbott, Cipla Apollo Hospitals, and ACG Worldwide. Other notable recruiters were ITC InfoTech, KPIT Cummins, Mahindra Comviva, Interglobe and Aricent.

Four students have opted out of the placement process this year.

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Published on February 27, 2014
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