IIFT graduates get 15 percent higher average salary
Posted on Mar 05 2014 | IANS
New Delhi, March 5 : The government-run Indian Institute of Foreign Trade (IIFT) said all the graduates of its 2012-14 batch have got job offers with an average 15 percent higher salary than last year.
In all 85 recruiters, including 46 first-time recruiters, made offers for 200 students of the graduating class of 2014, IIFT said in a statement.
The average CTC (cost to company) offered this year stood at Rs.14.32 lakh per annum, which is 15 percent higher than the average offer of 2013. The highest domestic CTC stood at Rs.24 lakh per annum.
Some 32 students were given pre-placement offers.
"Once again the leaders of trade and industry from India and abroad have re-confirmed their faith in the quality of students IIFT has produced," said IIFT director Surajit Mitra.
"Leading enterprises cutting across major sectors of our economy have recruited our students. Thanks to our curriculum revision keeping in mind the need of the market, it has paid off," Mitra said.
HCL was the largest recruiter with 14 offers, followed by Flipkart (11 offers); J.P. Morgan (10), Cognizant Business Consulting (9), Goldman Sachs (8) and Google (6).
Senior management roles were offered by Tata NYK, Zomato, Hennes and Mauritz for positions such as AVP - Operations, Country Head - Procurement, and Regional Sales Manager.
International placements saw a remarkable rise with 12 offers being offered for roles in Africa, the Middle East, Indonesia, Singapore and Malaysia.
The highest international offer stood at USD 88,500 with three out of the famed 'ABCD' of global trading - namely Bunge, Cargill and Louis Dreyfus offering multiple roles in trading.
Other prominent recruiters in trade include the likes of Tricon Energy, Triton Group, Trimex International, Phoenix Commodities and Valency International.