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IIFT Beats Recession, achieves 100% placement

– IIFT students placed in some of the biggest business conglomerates in India\r\n\r\n- 73 companies participated offering diverse profiles.\r\n\r\n- Witnessed 20% rise in recruiters over the previous year for final placements.\r\n\r\nNew Delhi, April 13, 2009: Indian Institute of Foreign Trade (IIFT) has announced that they have registered 100 percent placement in 2009. Meltdown of the markets from October lead to layoffs across sectors all over the world and most organizations seemed to be putting their growth plans on hold. The signs looked ominous for the recruitment season across B-schools, yet IIFT managed to rise to the challenge, ensuring 100% placements for its students and in the process adding 20% more recruiters to its previous year’s numbers. In times like these when a lot of companies were not recruiting in large numbers, what made IIFT stand out was the diversity of the recruiters across various sectors, offering a plethora of profiles.\r\n\r\nThis placements season at IIFT witnessed 73 companies of which only 62 could recruit students, a 20% rise in no. of companies over the previous year. The top players across all sectors marked their presence on campus. Industry leaders like Arthur D’Little, ITC, Colgate Palmolive, Nomura Holdings, Coca Cola, Mahindra & Mahindra, Bharti Airtel, Glenmark, Titan, Bajaj Auto, Cargill, Tata Motors, Axis Bank, ICRA, Unicon Securities, Eli Lilly, Vodafone, Virgin mobile, Philips Godfrey, Essar Group, Tata Steel, Reckitt Benckiser, ICI Paints, Avalon Consulting etc. visited campus for recruiting students for various roles like marketing, corporate finance, treasury, international business, general management, consulting and so on. Emergent Ventures offered niche Carbon Consulting & Finance profiles.\r\nSome of the new recruiters this like Usha International, A.P. Moller Maersk, Fino Analytics, Darashaw, Mitsui & co., Merck, CARE Ratings, Siemens, Bertling Global offered diverse profiles. IT Recruiters like Wipro, Cognizant Business Consulting, HCL, TCS, Infosys were present in full strength.\r\nShri K T Chacko, Director, IIFT said, \”IIFT has always produced individuals who have left their footprints in the global roadmap and made India proud. Our students this year got placements from all the top companies present in India and also well known international firms.\”\r\n\r\nThis year over 38 new companies came to IIFT campus, students got to chose from a large variety of industries and roles. Companies across diverse sectors like manufacturing, telecom, trade, IT, logistics, microfinance, Pharma, exports, infrastructure etc visited campus. The highest salary offered this year was Rs 19 lacs, by a premier investment Bank. The average salary was around Rs. 8.09 lacs. 26% of the students got profile in International Business and trading. Major PSU like BHEL, STC, PEC, Bank of Baroda, SAIL, IDBI Bank, NMDC, MMTC, CDC, IIFCL, and ECGC also recruited.\r\n\r\nMr. Munish Bhargava, the corporate and placements advisor at IIFT said that \”Despite the economic slowdown, we achieved 100% placements of our students. The recruiters included increased companies from sectors like trading, logistics, pharma, microfinance, etc. and PSUs. The students were willing to compromise on their pay structures for good roles of their choice.\”\r\n\r\nThis year IIFT also registered 100 per cent summer placements. A total of 54 companies recruited 168 students from both the Delhi & Kolkata centers. There were companies such as Arthur D’ Little, Colgate Palmolive, ITC, Essar group, ICICI Bank, Axis Bank, UBS, Tata Motors, Cargill, Cognizant Business Consulting,Mahindra & Mahindra, Coca Cola, Johnson &Johnson Medical, Perfetti Van Melle, Reckitt Benckinser, Ambuja Realty, Xerox, Colliers International, Louis Dreyfus, Motorola, Sab Miller and GlaxoSmithKline. The average stipend reached Rs 35400, along with the highest stipend offered by an FMCG company as high as Rs 1, 00,000. \r\n\r\n About Indian Institute of Foreign Trade (IIFT) \r\nIIFT, established by the Ministry of Commerce, Government of India in 1963, is a leading research and training institute in International Business. In recognition of its academic rigor & excellence, IIFT was accorded the status of Deemed University in 2002. In an era of increasing globalization, what makes the IIFT programmes unique is the emphasis on international dimensions of economy & business. Continuous research has been the backbone for updating IIFT curriculum in order to reflect the fast changing global business dynamics. It is in this context that IIFT has set up a number of Research Centers like the Centre for WTO Studies, Centre for International Trade and Technology and Centre for Small and Medium Enterprises. The activities of these centers reinforce the research orientation of the pedagogy. Please visit: www.iift.edu for more information.\r\n\r\n- Press release

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