Rs 1-cr offer for IIFT grads

The Indian Institute of Foreign Trade (IIFT), one of the oldest B-schools in the country functioning under the commerce ministry, has registered a record placement with some students being offered over Rs 1 crore per annum salary package.

The institute, which registered 100 per cent placement of its largest ever batch of 254 students, also recorded a significant rise in the salary offered by recruiters in domestic placements. While the average salary offered to the institute’s students in domestic placements remained at Rs 18.01 lakh per annum, the highest compensation offered by the recruiters for various positions in India reached Rs 29 lakh. The Olam International, TGI Group, Bhatia Brothers, Bajaj Auto and Godrej were among the companies which offered international roles.

Amazon, Cognizant Business Consulting, JP Morgan, Vodafone, IDFC Bank, Wipro, HCL, ICICI Bank, State Bank of India, Axis Bank, Edelweiss, Goldman Sachs and Nomura were among the companies hiring IIFT students to take up various key roles.