IIFT : Program, Fee, Eligibility, Admission, Placement - The Complete Guide

IIFT : Program, Fee, Eligibility, Admission, Placement - The Complete Guide

Set up in 1963 by the Government of India as an autonomous organisation, The Indian Institute of Foreign Trade (IIFT) is a Centre of Excellence in International Trade and Business.  IIFT is one of the top business schools of India with a special focus on Trade and Finance.

Campuses:

  • Delhi
  • Kolkata

Highlighter Highlights

  • IIFT was conferred with the status of 'Deemed to be University' in 2002.
  • The National Assessment and Accreditation Council (NAAC) have recognized IIFT as ‘Grade A’ Institution in 2005 as well as in 2015.
  • Highest Package of MBA (IB) 2018-20 batch: 75 LPA
  • Average Package of MBA (IB) 2018-20 batch: 20.43 LPA
  • IIFT has collaborations with 31 Universities/ B-schools throughout the world.

IIFT 2021 Important Dates

IIFT 2021 Registration Window (Online):

 November 6– December 30, 2020

Last Date for Payment of application fee

 December 30, 2020

IIFT 2021 Correction Window

 January 1 - January 3, 2021

IIFT 2021 Exam Date 

 January 24, 2021 

The Admit Cards can be downloaded from NTA’s website w.e.f. 11.01.2021 onwards.

IIFT Application Fee

For General/OBC Candidates

 INR 2500

For SC/ST/PWD Candidates

 INR 1000

For Foreign Nationals/NRI

 US$ 200 / Rs.15,000

Flagship Program at IIFT

Program

Duration

MBA (International Business)

Two-year Full-Time

Eligibility (Indian Candidates)

  • Recognized Bachelor's degree of minimum 3 years' duration in any disciplines with minimum 50% marks [45% in case of the candidates belonging to Scheduled Caste (SC), Scheduled Tribe (ST) and Persons with Disability (PWD) categories]
  • Candidates appearing for a qualifying examination can also apply subject to submission of proof of requisite qualification by beginning of October of the year of start of the course.
  • There is no age limit.

Eligibility (Foreign/NRI Candidates)

  • Recognized Bachelor's degree of minimum 3 years' duration with minimum 50% marks.
  • Candidates appearing for a qualifying examination can also apply subject to submission of proof of requisite qualification by 7th October 2021.
  • In order to qualify as an international candidate for the purpose of applying to IIFT entrance exam, a candidate should have been (expected to be) resident outside India for a period of not less than 18 months as on 31st December 2020 and be outside India during the IIFT examination window.
  • The Indian nationals who are living, working, studying abroad should produce with application a certificate from the Indian Embassy / High Commission /Consulate of the country where the candidate is currently based, stating that the candidate has been resident in that country continuously for a period of not less than 18 months as on 31st December 2020
  • Foreign Nationals need to have a valid passport/travel document from a country other than India. The Foreign Nationals who are present in India at the time of IIFT entrance test are required to take the same.
  • The candidate should produce Graduate Management Aptitude Test (GMAT) score which should be received by the Institute latest by 15th March 2021. GMAT taken before 1st January 2019 is not valid.
  • If the candidate has appeared for any MBA entrance examination for that year in India (2020) such as CAT /XAT /IIFT, etc., he /she is not eligible to apply. Candidates are required to give the undertaking for the same.
  • NRI-Sponsored candidates and Children of NRIs are not considered under this category.

How to apply

Apply online at: https://iift.nta.nic.in/

  1. Apply for Online Registration

IIFT Application

  1. Fill Online Application Form

IIFT Application Form

  1. Upload Scanned Photo & Signature
  1. Pay Application Fee (Mentioned above)
Apply Now

Admission Process

The process indicated below will be applicable equally for admission to Delhi, Kolkata and Kakinada (subject to approval of UGC) Campuses.

On the basis of Computer Based Test, Group Discussion, Writing Skills Assessment and Interview.

  • Those candidates short listed from the computer based test, will be called for Writing Skills Assessment, Group Discussion and Interview to be held in March / April 2021 at Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, Lucknow and Mumbai. The Institute reserves the right to add/delete any centre, if required.
  • Selection criteria for shortlisting of candidates for GD/PI and final selection to MBA(IB) Programme at IIFT is available on IIFT website i.e. www.iift.edu
IIFT Banner


Documents to be submitted along with Application Form (Foreign/NRI Students)

 1.  Filled in CV Form.

 2.  Copy of latest GMAT score certificate.

3.  Attested copy of all academic mark-sheets/certificates (Class X, XII & Graduation).

4.  Copy of all Passport pages having official entries.

5.  An undertaking that the candidate has not appeared for any MBA entrance examination for that year (2020) such as CAT/XAT/IIFT, etc.

6.  Two letters of recommendation. Preferably, one of these should be written by a current supervisor or manager. The second one should be from someone who is in a position to evaluate the applicant’s professional performance as well as his / her managerial and leadership potential. No letter of recommendation should be written by immediate family members, e.g. parents, grandparents, siblings and spouse.

7.  The Indian nationals who are living, working, studying abroad should produce with application a certificate from the Indian Embassy / High Commission / Consulate of the country where the candidate is currently based, stated that the candidate has been resident in that country continuously for a period of not less than 18 months as on 31st December 2020.

fee structureFee Structure

  • The annual tuition fee payable by each participant for the MBA (IB) batch 2020-22 was Rs.8, 85,000/- which has to be paid in three installments. 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). The students of SC, ST and PWD category are given 50% concession in tuition fee only.
  • Foreign Nationals and NRI Students will pay the annual tuition fee along with other charges in a single installment at the time of admission in the first year and by the start of second year.
  • The fee for the 2020-22 batch under this category is US$30,000 per year and other charges of Rs.32, 500/- for first year and Rs.22,500/- in the second year.

THE EXACT AMOUNT OF TUITION FEE AND OTHER CHARGES, APPLICABLE FOR MBA (IB) 2021-23 BATCH WILL BE INFORMED TO THE STUDENTS AT THE TIME OF SENDING THE OFFER LETTERS.

Hostel Fee:

  • MBA (IB) is a residential programme and all the students are required to stay in the hostel. In Delhi, the students are allotted accommodation on double / triple occupancy basis at the sole discretion of the Institute. The hostel rent for the 2021-23 batch is Rs.53,400/- per student per annum on triple occupancy basis and Rs.57,000/- on double occupancy basis.
  • In Kolkata, the students are allotted accommodation on single occupancy basis. The hostel rent is Rs.57, 000/- p.a. for Kolkata Campus. The hostel rent is payable in advance on yearly basis. The Institute may review its existing policy of providing hostel on single occupancy basis to students in view of higher intake expected. Hostel fee, as determined by the Institute, will be payable.
  • Hostel fee, as per rooms has to be submitted at the time of joining the Institute. Details for deposit of fee will be shared at the time of joining of the Institute.

Scholarship

The Institute operates Need Based Scholarship Scheme under which it pays interest subsidy on Educational Loan for 27 months from the time the loan in taken from a Bank. Any student who has taken the loan and whose family income is less than Rs.6.50 lakh per year can apply under this scholarship. Depending upon the fee and other expenses the amount of educational loan is revised every year.

 Ministry of Social Justice & Empowerment and Ministry of Tribal Affairs have introduced a liberal scholarship scheme called “Central Sector Scholarship Scheme of Top Class Education for SC/ST Students”. Four SC students and four ST students, who secure admission in the Institute’s two-year full time MBA (International Business) are awarded scholarship by the Ministry of Social Justice & Empowerment and Ministry of Tribal Affairs, respectively. The scholarship provides for

  1. Full tuition fee and non-refundable charges
  2. Living expenses @ Rs.2,220/- per month subject of actual
  3. Books and stationery @ Rs.3,000/- per annum subject to actual.

 The eligibility conditions are as follows:

· The total family income of the student from all sources should not exceed INR 6.50 LPA.

· The scholarship will be terminated if the student fails to pass the final examination of each year or any terminal examination.

 The Institute retains the right to add or delete any scholarship scheme or change the existing clause(s) as and when required.

Placement

Placement record of 2018-20:

Package

Salary In INR

Highest Package

75 LPA

Average Package

20.48 LPA

Median Package

18.2 LPA

Top Recruiters:

Sector

Top Recruiters

BFSI sector

 

HDFC Bank, Federal Bank, Goldman Sachs, JP Morgan & Chase, D.E. Shaw, Yes Bank, Citibank, HSBC Global Banking and Markets, L&T, Indus Valley Partners and Samunnati Finance

Sales and Marketing sector

Dabur, ITC, L’Oréal, Bajaj Auto, Shell, Pidilite, Flipkart, Amazon, Western Digital, Tata Global Beverages Limited, Philips, Signify, Tata Steel, Aditya Birla Fashion Retail Limited, Maruti Suzuki, Cremica, Dell, Epik Indifi, Games 24x7, Google, Hero Electronix, Hero MotoCorp, HT Media, L&T, Raymond, Tata Sky, Tata Consultancy Service, TVS, and Raam Group.

Strategy and Consulting sector

McKinsey & Company, Roland Berger, Bain & Company, Cognizant Business Consulting, Michael Page and Infosys Management Consulting. IIFT once again proved its mettle in Trade with prestigious recruiters like Apical Group, ETG, Olam, Tolaram, Trafigura, Enhance Group, Archer Daniels Midland, TATA International and Louis Dreyfus Company

Core Supply Chain and Operations sector

Shell, Ninjakart, Maersk Line, Tata Steel, Genpact, Vikram Solar, Airtel, Axis Bank, ICICI Bank, Mahindra, Flipkart

IT sector

Microsoft, Go MMT, Epik Indifi, Media.net, Cognizant Business Consulting, Genpact, Ofbusiness, Polestar, Axtria, Hexaware, HCL, Tech Mahindra, IBM, Zestmoney, Wipro and Capgemini.

Summer Placement Record 2019-21:

Stipend

In INR

Highest Stipend

3, 20, 000

Average Stipend

2, 00, 000

Average Stipend( Top 50% of the batch)

2, 42, 000

Apply Now

MBA Rendezvous wishes all the best to the readers for future endeavours.