IIFT final placements 2012: Cognizant and HCL largest recruiters

Indian Institute of Foreign Trade (IIFT), Delhi and Kolkata completed the final placement process for the 2010-12 batch of MBA in International Business. A total of 86 companies came on campus out of which 80 companies made 202 offers (including 103 lateral offers and 21 pre-placement offers) for a batch of 203 students (the Delhi campus had 149 students and Kolkata had 54). Offers made by all 80 companies were accepted by the 2012 batch. The final offers also included 15 international offers, all of which were accepted by the respective students. Of the total batch, one student opted out of the placement process.

Batch Strength 203
Total companies who came on campus 86
Total companies whose offers were accepted 80
Total offers made (including lateral and PPOs) 202
Total Lateral offers made/accepted 103/103
Total PPOs made/accepted 21/15
Total international offers made/accepted 15/15
Highest domestic salary Rs 19 lakh per annum
Lowest domestic salary Rs 5.32 lakh per annum
No of students who opted out of placements 1

While Cognizant Business Consulting, HCL Technologies, Infosys, Tata Motors and Union Bank were among the top recruiters who took the maximum number of students from the institute, Bharti Airtel, Goldman Sachs, ITC Ltd and Nokia were among the firms offering high compensation packages to the students. In addition, Al-Ghurair (Dubai), ADM Agro (Germany), Jumbo Electronics (Dubai), Olam International (Singapore), Valency International (Singapore) and Wilson International (Singapore) were the companies that made international offers.

Function-wise breakup of offers

Function Average salary breakup in Rs (lakhs/annum)
Trading 13.14
Supply Chains & Operations 18.74
Marketing 11.28
IT 10.29
General Management 10.13
Finance 9.91
Consulting 11.22

Trading: Constituting a total of 15% of the batch, Al-Ghurair, Stemcor, Duferco, Valency International and Wilson International were among the top recruiters in this function. While Duferco offered its Global Management Trainee Program, Stemcor initiated its MT program in the institute this year. In addition, Dubai-based Al Ghurair offered Risk Management roles to candidates.

IT, Supply Chain and Operations: 23% of the batch took up roles in the IT, Supply Chains and Operations function. The top recruiters in these functions included HCL, Infosys, Zycus, ADM Agro, Olam International, Proctor & Gamble as well as Nokia. Nokia offered its Procurement Specialist role to the students.

Marketing: Marketing was the most popular choice with the 2012 batch with 27% of the batch opting for Marketing function roles. While Vodafone, Jumbo Electronics and Reckitt Benckiser offered Sales and Marketing roles, Flipkart offered Business Development profiles to candidates. Bharti Airtel, Britannia, Hero Motocorp, ITC, Bajaj Auto and Idea were among the other recruiters from this function.

General Management and Consulting: 16% of the batch took up roles in the General Management & Consulting sector. Robert Bosch offered a JMP profile to candidates while JSPL recruited for its Jindal Lead Management Trainee profile. In addition KPMG, offered asset management roles while TCS and Indus Valley Partner offered Assistant Business Analyst roles. Other major companies who recruited from this function include Cognizant and Technopak.

Finance: A total of 19% of the batch took up roles in the finance function. While Goldman Sachs offered roles in Asset Management, public sector organizations such as Bank of India, Power Finance Corporation and Central Bank of India offered roles in project finance, treasury and risk management as well as corporate banking.

Sector % of students hired
Banking and Finance 20
Trade 14
IT 12
Consulting 11
Manufacturing 10
Automotive 8
Telecom 5
Energy 5
Other (Pharma, Media, Logistics, Infra, Aviation) 5
Retail 3

Average salaries across sectors,

Sector Average salary in Rs (lakhs/annum)
Banking and Finance 9.94
Trade 17.36
IT 9.62
Consulting 11.27
Manufacturing 10.95
Automotive 10.25
FMCG 14.06
Telecom 14.03
Energy 12.89
Other (Pharma, Media, Logistics, Infra, Aviation) 11,53
Retail 12.64