Updated on: Friday, January 08, 2016
The Indian Institute of Technology will not rule the crore club of placements, but will be share its title with India's top B-school Indian Institute of Foreign Trade (IIFT), New Delhi. Four students from the institute have bagged an annual package of more than Rs 1 crore this year.
According to reports, this is a jump of 36 per cent as compared to last year. The average compensation has also increased by 23.8 per cent at Rs 18.01 lakh. The IIFT, which witnessed 10 per cent placements this year, completed the placement drive in just seven days. There were a total of 254 students, the largest batch ever in the institute. The students got offers from top recruiters like JP Morgan, State Bank of India, Goldman Sachs, Vodafone, IDFC Bank, Amazon, Cognizant Business Consulting, Wipro, HCL, Citibank and ICICI Bank and others.
There were many first time recruiters that included domestic and international firms like General Motors, TGI Group, IDFC Bank,British Telecom, Tata Sky, Synergy Consulting, Nivea, Pernod Ricard, 3M etc. Around one-fourth of the batch received pre-placement offers.
IIFT is one of the prominent B-schools in India that provides specialisation in foreign trade management. It is the only institute in India among top 10 B-schools that offers Masters in Business Administration in International Business (MBA-IB).