Indian Institute of Foreign Trade ( IIFT) The Indian Institute of Foreign Trade or IIFT
is one of the most sought after B-Schools in India with an average annual salary package
of INR 18+ lakhs. IIFT conducts its own entrance test and close
to 60000 aspirants appear for the test every year. What differentiates this autonomous institute
from other top B-Schools is its focus on studies related to International Businesses, and its
goal towards professionalizing the country’s trade and export practices. In this article, we shall look at key factors
that you should consider in order to decide if IIFT is the right B-School for you. In specific, we shall cover IIFT’s College
ranking, IIFT’s Placement reports, its various Campuses and Programs offered, Campus Life
at IIFT and the Admission Process. IIFT Rankings According to the NIRF Rankings released by
the Ministry of Human Resource Development in 2017, IIFT is ranked 30 among management
schools in India. This ranking however is not in line with student
sentiment, as it is widely considered as one of the top 10 institutes in India. In other B-School rankings, Business Today
has ranked IIFT at number 11, and Business Standard has included IIFT in its top ranked
group Super League 1. IIFT Average Salary and Placements 2017 The calibre and competencies of students at
IIFT ensures that they secure the best of placement opportunities – both Domestic
as well as International. Some of the important highlights of IIFT Placements
for the year 2017 are as follows: (a) IIFT students performed extremely well
in international placements – 3 students have bagged packages more than INR 1 crore, and
6 other students have bagged packages more than Rs 75 lakhs per annum. In total, there were 20 international placement
offers made as compared to 15 last year. (b) In domestic placements, the highest salary
offered was at Rs 26 LPA, and the average domestic salary was at Rs 18.41 LPA. The overall average salary of the entire batch
of 258 students of 2015-17 stood at 19.23 LPA. (c) The number of pre-placement offers made
to IIFT students has also increased from 64 in 2016 to 74 in 2017. A noteworthy point is that number of PPOs
made by Corporates to IIFT students is on the rise. (d) A total of 94 companies from diverse sectors
came in for recruitment. Some of the leading recruiters were Goldman
Sachs, ITC, JP Morgan, Marico, Godrej, Amazon, ICICI Bank, HDFC, Citibank, HSBC, Axis Bank,
Cognizant Business Consulting, HP, Infosys Consulting Management, Tata Steel, Wipro,
L&T, HPCL, IOCL, SBI, GAIL Citibank etc. IIFT Campuses and Programs Offered
IIFT has its campuses in New Delhi and Kolkata in India, and Dar-es-Salaam in Tanzania. With students aspiring to become international
business executives and professionals, the institute offers programmes that are diverse
and well suited to these requirements. The programmes IIFT offers are:
• Two-year MBA in International Business, New Delhi, Kolkata
• Three-year part-time MBA in International Business, New Delhi and Kolkata
• Executive Masters degree in International Business, New Delhi
• Certificate Programme in Export Management, New Delhi
In terms of course structure, IIFT is known for its rigorous curriculum and has been ranked
among the top three institutes for best course curriculum. The course is revised from time to time with
the advancements in research and is aligned with requirement of the industry. Students have the flexibility to choose a
dual major with many minor degrees and they can decide their own domain of specialization
(Economics, Finance, IT, marketing, operations, Strategy/OB-HR and Trade). IIFT Admission Process and Fees Structure
A candidate is eligible for the IIFT process if he has a Bachelor’s degree (minimum 3
years duration) in any discipline with 50% marks (45% for SC/ST/PWD). Gaining an admit into IIFT’s flagship program
is a 4 step process. (a) Write the IIFT entrance test – a paper-based
test usually conducted in November or December. (b) Get shortlisted on the basis of test scores
for further selection rounds. The first of these rounds is the Group Discussion
Round, where you will be tested on topics of national and international importance. (c) Next, a Writing Ability Test is conducted
to test writing skills and subject matter knowledge. (d) Finally, a Personal Interview is conducted
with a panel of interviewers. A final short-list of selected candidates
is arrived at based on the candidates’ cumulative scores in all these rounds. For the flagship MBA – International Business
program, IIFT’s fee structure is as follows: Category Tuition Fee
General/ OBC(NCL) Rs. 15,70,000 SC/ST/PWD Rs. 7,85,000
Foreign National/ NRI US$ 60,000 Life at IIFT Campus
How does IIFT’s campus life compare to other top B-Schools in the country? How rich is the culture out here? The following key points will help you decide
for yourself. #1 Port visits- Experiential learning
To ensure one expands his/ her comfort zone and isn’t confined to just one, IIFT provides
opportunities to second year students to visit domestic or international ports. This opportunity gives an individual the platform
to learn outside of classrooms and explore new places. #2 Social Awareness programs
The Indian Institute of Foreign Trade believes in contributing to society in every possible
way by engaging students in internships at NGOs across the cities for the duration of
one month. Apart from the internships, the IIFT has a
social awareness cell called Koshish meaning ‘try’, which organises fund raising activities
and drives for food, book and clothes throughout the year. #3 Ultimate Warriors League (UWL)
One of the most popular events at IIFT is the annual event UWL which is based along
the lines of the Indian Premier League. It is an intra-college sports event that lasts
over a week. There are four teams competing against each
other to win the title and cash prizes. Each team has two brand managers who get involved
in the bidding process for players. It is the perfect platform for IIFT students
to put their classroom learning skills to use. #4 Symposiums and conclaves
The IIFT holds conclaves and symposiums every year with eminent speakers captivating the
audience in various domains like trade, operations, marketing and much more. Notable people like Shri Sanjay Tripathi,
Marketing Director, Harley Davidson India and Shri Rohit Gulati, Head, Marketing, Baush
and Lomb have been part of this. In addition to the above, IIFT also various
active clubs like Capital – the Finance and Investments club, Brandwagon – the marketing
club, Socrates – the consulting and strategy club, SCOPE – the Supply Chain, Operations
and Energy club, and BLASH – the International Trade Club. In conclusion, if you are looking for a unique
B-School experience with an unmatched international exposure, great placements, and a rich campus
life, then you need not look further than IIFT.