Higher Education

Recession blues over, IIFT places all students

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The Indian Institute of Foreign Trade (IIFT) placement session on Tuesday got a huge response from recruiters as the institute achieved 100 per cent placement. Post-recession, the highest domestic package offered this year is of Rs 15.51 lakh, up from Rs 13 lakh last year. It also witnessed a 10 per cent increase in the average domestic package. The highest international package this year is US$ 150,000, which was offered by Olam International. The B-school also witnessed an increase in the intake of the number of students by 27 per cent this year taking the total strength to 209. Among the highlights is the participation of 37 new recruiters. The emerging trend is the participation of retail management and real estate sector. A total of 96 companies participated, and the placement session was completed with offers from 77 companies. About 20% of the total offers came from the banking and financial sector. The average salary this year is Rs 11.6 lakh, an increase of 10 per cent from last year's. The momentum was accelerated by global placements with 16 international offers from Europe, Singapore, Middle East and Africa. Organizations, namely, Olam International, ADM Agro, Aditya Birla Group, Emirates NBD, Triton Group and Jumbo Electronics offered varied profiles with alluring pay packages.

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