IIFT 2016 placements at Delhi and Kolkata: Salary increases by 24%
The final placement for the class of IIFT 2016 has come to an end. This year again with 100% placement record, the institute saw the participation of 81 companies and 15 international offers for the recruitment of 254 students, which is reported to be the largest ever batch. This year, the highest domestic salary offered is 29 LPA INR, whereas the highest international offer is USD 1, 50, 000.
The average CTC offered this year is 18 lacs (taking into account the average of both Domestic and International salaries). This is notably high and around 24% more than last year’s average domestic salary, which was around 14.54 Lacs. The interesting fact here is that even though the batch size was an increased one, the average salary has gone up.
Talking about the recruiters, IIFT saw offers from some big names. Amazon, Cognizant, Axis Bank, Goldman Sachs, JP Morgan, Deloitte, Wipro are few enterprises who offered various roles to IIFT students.
Placement summary
Parameters |
Stats (IIFT Class of 2016- Delhi & Kolkata) |
No. of participating students |
254 |
No. of participating women |
53 |
Total No. of offers by companies |
81 |
No. of International offers |
15 |
Total No. of Lateral offers |
101 |
Total No. of Pre-Placement offers |
64 |
Students opting for entrepreneurship/social service |
4 |
Average salary |
18.01 LPA INR |
Highest domestic offer |
29 LPA INR |
Highest international offer |
USD 1,50,000 |
IIFT placement: Key highlights
- 81 companies offered various roles to the students. The average number of offers per company is reported to have increased by 15% from the previous year
- The number of Pre-Placement offers was 64
- The average compensation this year is 18.01 LPA, which is an increase of 24% from last year
- Highest domestic compensation is INR 29 LPA, 21% more than the previous year
- Highest International compensation is USD 150,000 PA, 36% more than the previous year
- 15 students grabbed international roles across Dubai, Nigeria, Peru and Singapore
- 35% students took up offers in Sales and Marketing domain
- 29% students took up offers in Finance
- 26% students took up offers in BFSI sector
- The highest number of offers were made by Amazon and Cognizant Business Consulting together. This was followed by JP Morgan and Vodafone
- New associations were made with Michael Page, 3M, Pernod Ricard, Nivea, Blue Stone, Adobe, Welspun, Hexaware, TGI Group, GM, Maruti Suzuki India Ltd, British Telecom, Religare, Synergy Consulting Inc., Trident, Swiss Singapore, Tata Sky and Concentrix
- Students were offered roles like Business Analyst, Sales Specialist & Operations Manager, Account Manager, Product Manager, Financial Analyst, Marketing Manager and Category Manager
Offers
Domain |
Recruiters |
Profiles offered |
Banking & Finance |
Axis Bank, Citibank, IDFC Bank, Goldman Sachs, ICICI Bank, Yes Bank, State Bank of India, Edelweiss, JP Morgan, HSBC, Nomura, Bank of America Continuum, Indus Valley Patners, IvyCap Venutres, ICICI Bank Religare, Amazon, Flipkart, Vodafone, Wipro |
1. Corporate & Transaction/Treasury Banking roles 2. Investment Banking & Markets (Middle Office, Support, IT & Operations) 3. Private Equity and Venture Capital Firms 4. Investment Research 5. Risk Management 6. Other finance roles |
Consulting & General Management |
Deloitte, Cognizant Business Consulting, PwC, ZS Associates, HCL, TCS, Wipro, Aricent, Vmock, HP, Mahindra & Mahindra, Airtel, Polycab, Raymond, Godrej Properties Limited, Concentrix, L&T, Global eProcure, Russell Reynolds, Micheal Page |
1. Business Consulting 2. IT / ERP / Business Process Consulting 3. General Management/ Strategy 4. Operations Consulting 5. Executive Search |
FMCG |
ITC, L’Oreal, Britannia, Wipro CCLG, Godrej Consumer Products, Pernod Ricard, 3M, Nivea |
1. Sales & Marketing 2. Corporate Finance & Business Development
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