FAQs About Indian Institute of Foreign Trade (IIFT)
FAQs About Indian Institute of Foreign Trade (IIFT)
1. Give some insight about IIFT
The Indian Institute of Foreign Trade (IIFT) was established in 1963 as an autonomous body under the Ministry of Commerce & Industry to contribute to the skill development for the external trade sector of India. The Institute was permitted “Deemed to be University” status in 2002. IIFT has two campuses i.e., Delhi Campus and Kolkata Campus.
Over the years, IIFT has emerged as a national university with a center of attention on International Business Management and Strategy, and such consideration is reflected in all three significant activities of the Institute: Research, Training, and Education.
2. What Are the MBA programs offered by IIFT?
• Two-year MBA (International Business) at New Delhi and Kolkata. • Two years & six months MBA (International Business) Weekend at New Delhi and Kolkata.
3. What Accreditations does IIFT hold?
IIFT holds NAAC Accreditation. The National Assessment and Accreditation Council (NAAC) has admitted IIFT as a Grade ‘A’ Institution in 2005 as well as in 2015.
4. What is the selection procedure for MBA at IIFT?
- For General/Reserved candidates: • Stage 1: IIFT Entrance Examination (Computer Based Test) • Stage 2: Writing Skills Assessment, Group Discussion (GD)/Extempore and Personal Interview.
- For Foreign National/NRI • General Management Aptitude Test (GMAT) • Interview
5. What is the pattern for IIFT Entrance Exam?
- The IIFT Entrance Exam is a Computer Based Online Test. - It is a multiple-choice objective type (in English) of 120 minutes. - It consists of 4 Sections • Quantitative Analysis, • Reading Comprehension and Verbal Ability, • Data Interpretation and Logical Reasoning, • General Awareness.
6. Is it difficult to crack IIFT?
If we consider the IIFT entrance exam, its difficulty level is similar to the CAT. IIFT requires a timing strategy because here, applicants need to tackle approx. 110 questions in 120 minutes and there are individual cut-offs for varied sections and one cannot afford to achieve more in one section and less in the opposite. To, get into IIFT first we have to clear the IIFT Entrance Exam then the Writing Skills Assessment, GD and Interview.
7. How is the placement scenario at IIFT?
IIFT is an institution of excellence with impeccable placement records.
|
Placement details last 3 years |
||||
|
S. No |
Year |
No.of Students |
Highest Domestic salary (Per Annum) |
Avg. Salary (Per Annum) |
|
1 |
2021 |
334 |
46.45 LPA |
21.08 LPA |
|
2 |
2020 |
321 |
46.45 LPA |
20.48 LPA |
|
3 |
2019 |
279 |
29 LPA |
20.07 LPA |
8. Who are Top recruiters at IIFT?
HDFC Bank, Federal Bank, JP Morgan & Chase, Yes Bank, Citibank, HSBC Global Banking and Markets, Dabur, ITC, L’Oréal, Bajaj Auto, Pidilite, Flipkart, Amazon, Western Digital, Philips, Tata Steel, Aditya Birla Fashion Retail Limited, Maruti Suzuki, Cremica, Dell, Google, Hero Electronix, Hero MotoCorp, HT Media, L&T, Tata Consultancy Service, McKinsey & Company, Cognizant Business Consulting, Michael Page and Infosys Management Consulting, TATA International, and Louis Dreyfus Company, Microsoft, Media.net, Cognizant Business Consulting, Genpact, HCL, Tech Mahindra, IBM, ZestMoney, Wipro, Capgemini, and many more.
9. What is the fee for MBA (IB) Program?
The annual tuition fees for MBA(IB) 2021-23 batch is Rs. 8,85,000/- .
Relaxation of 50% is there in tuition fee only for SC/ST/PwD. There are other charges of Rs. 32,500/- for first-year and Rs. 22,500 in the second year for computer facility, internet, library, alumni charges, and IMF (student body).