Privately-run business schools in the country are back to war, compared to last year when recruiters had the upper hand on account of the slowdown.IIFT has placed its entire batch of 164 students from its Delhi and Kolkata campuses in more than 60 companies. The average salary offered this year was at Rs 11.54 lakh, up 53 percent from the previous year. This is higher than the increase in average salary reported by some of the top IIMs – IIM Ahmedabad’s 22.7 percent and IIM Calcutta’s 20 percent in percentage terms.
IIFT also received the highest domestic salary of Rs 13.08 lakh from an FMCG company, while Singapore-based Olam International hired three students on a salary of Rs 67.5 lakh ($150,000).In all, the institute received 17 international offers, a record in its history where as last year there was no international offers. Similarly, Xavier Institute of Management, Bhubaneswar also saw a 45 percent increases in average salary over the previous year to Rs 10.5 lakh per annum for its post-graduate diploma in management.