THE annual placement process, which concluded not long ago at the Indian Institute of Foreign Trade (IIFT), Qutab Institutional Area, saw top companies making a beeline for the campus. IIFT Corporate Placement Adviser, Mr. MUNISH BHARGAVA, says that despite recessionary fears students at the institute had their platters full with more job offers than they could accept.
Does a 100 per cent campus placement for your students indicate that fears about recession are exaggerated?
There has been a slowdown.
Companies have reduced their intake, especially in the banking and service sector. But then this year we also received more number of companies this year. As many as 80 companies recruited our students this year, compared with 76 last year.
Has the salary package offered taken a beating compared to the previous year?
Our average salary this year has actually gone up to INR 12.1 lakh from INR 11.62 lakh in 2011. Our highest domestic package went up to INR 19 lakh.
And the highest international salary offer remains the same at INR 75.5 lakh.
Were there any significant trends in the campus placements?
The geographical spread offered by the companies that came to our campus this year much showed greater diversity. As many as 33 new companies came to recruit students for positions in Europe, Africa, Middle East and South- East Asia.
What were some of the popular specializations this year?
Supply chain and operations saw a lot of demand in this year’s placement.
This was followed by procurement, logistics, IT and consulting. Marketing and sales generated a lot of interest as well.
Are management programmes able to attract quality talent despite the uncertain economic climate?
As in the West, we are getting students with experience now. Even five years ago, 80 per cent of our students were freshers. But now around 50 per cent of every new batch has more than a year of work experience.
We do not give them special preference during the admission process, but experienced students show a better understanding of the subject than freshers.
What are some of the new programmes IIFT is planning to roll out in the near future?
The two-year, full-time MBA International Business continues to be our flagship programme.
Still, we launched a number of need- based certificate and diploma programmes in industrial marketing, capital and financial markets, and international business last year.
Source: Education Mail