IIFT Does it Again in Placements 2006

Batch of around 100 students gets placements in the top Indian and International companies with the salary packages touching an all time high of Rs. 10.6 lacs nationally and 100,000 USD internationally.

New Delhi, February 1, 2006: In an outstanding achievement, the graduating batch of MBA (International Business) of the Indian Institute of Foreign Trade (IIFT) reaffirmed the institute's capability to produce global managers in the field of International Business. "Placement 2006" witnessed a record high annual domestic salary and international salary of Rs. 10.6 lacs and US$ 100,000 respectively. There is an average increase of 10 percent than last year's placement figures. The placement day witnessed 10 percent of the students being offered overseas jobs.

The comparative data for the last three years show a significant increase in the salary packages. The average this year has been Rs. 8.1 lacs per annum as compared to 7.28 lacs in 2005 and 5.89 lacs per annum in 2004.

The placement day started with less than the full strength as 20 percent of the batch had already received pre-placement offers (PPO's) well before the placement week started. The placements witnessed a vast interest of companies from different sectors, like FMCG, Banking, Consulting, IT, Pharmaceutical, Trading and Logistics. Leaders like Colgate-Palmolive, ITC, Nestle, Godrej, Dabur, ICICI, UTI, SBI, Infosys, Accenture, IBM, HP, AV Birla Group, Bharti and DHL were present to recruit the best in the field of International Business. In all, there were 75 companies present to recruit around 100 candidates.

Speaking on the occasion, Director (IIFT), Mr. Prabir Sengupta said, "The global business market is changing. IIFT produced a unique brand of potential managers who understand the dynamics of national and international business in a globalizing world. The placements only reaffirm the need for such students in today's world."

Mr. Munish Bharagava - Corporate and Placement Advisor - IIFT said on the occasion, "It is a very promising trend to see a substantial increase in all sectors especially in the FMCG and the Banking sector. The highlight of this year's placement is that it has broken all previous records and the students have been satisfied with their placements."

Concluded,