IIFT concludes Final Placements 2012: Duferco, Stemcor, Goldman Sachs, Flipkart, TATA Steel recruited among others

 | March 07,2012 10:36 am IST

The Indian Institute of Foreign Trade (IIFT) has completed 100% placements for this year. International offers were made across Singapore, Switzerland, Germany, Dubai, Vietnam, Myanmar and Africa.

The highest domestic offer was of Rs. 19 lakh per annum up 22% from last year and the overall average salary package as of now is Rs. 12.1 lakh.

IIFT Corporate and Placement Advisor Munish Bhargava said, It is heartening to see the growing confidence that recruiters not only from India but from the Middle East, South-East Asia, Europe and North America have for IIFT to fill coveted roles.

Students accepted offers from 80 organizations, including 33 first-time recruiters such as Duferco Group, Stemcor ,German logistics giant Duegro and Shree Renuka Sugars in supply chain and logistics; KPMG and Technopak in consulting; Goldman Sachs in asset management; and Flipkart in e-commerce.

Season started with IIFTians bagging Pre-Placement offers from global names such as Procter & Gamble, Reckitt Benckiser, J&J Medical, Vodafone, Yes bank, TATA Steel, TATA Motors, Titan Industries, Whirlpool, GEP, ADM Agro and Nomura Holding etc.

Trend of IIFTians being entrusted with distinguished roles continued this year with Duferco group offering its Global trainee program, Nokias coveted Procurement specialist role and Competitive intelligence role by pharmaceutical giant Novartis.

In finance, Goldman Sachs, Citibank, YES bank, Deutsche Bank Group, HSBC GBM , L&T Financial services and Nomura Holdings offered various profiles. Well-known Public Sector Units such as the Power Finance Corporation, Union Bank of India, Central Bank of India and Bank of India offered distinguished profiles across Treasury and risk management, project finance and large corporate banking.

Companies in consulting space hired for niche roles. The domain was represented by Cognizant Business Consulting, KPMG, Technopak, Bristlecone, Michael Page, GEP and Zycus.
Group companies such as Raymonds, Robert Bosch, Larsen & Toubro, and Jindal group offered cross functional leadership roles at IIFT.

From the FMCG sector, ITC, Britannia, Pidilite and Emami participated. The auto sector had Tata Motors, Bajaj Auto, Hero Motor Corp and Sonalika. Airtel, Vodafone and Idea Cellular in telecom, HT Media in Media, Madura F&L, Titan Industries, Metro Cash & Carry and Jumbo Electronics in the retail sector offered diverse options to students.

Said IIFT Director K.T. Chacko, IIFTs courses and ethos create a global corporate ambience, which has resulted in IIFTians being the preferred choice in heading critical business positions.