IIFT

Indian Institute of Foreign Trade (IIFT): Premier B-School for International Business

The Indian Institute of Foreign Trade (IIFT) is one of India’s most prestigious B-schools, specializing in international business and trade. Established in 1963 by the Government of India, IIFT has played a significant role in shaping the nation’s foreign trade policies and producing global business leaders. With its campuses in Delhi, Kolkata, and Kakinada, IIFT offers a distinctive blend of academic rigor and industry relevance, making it a top choice for MBA aspirants looking to specialize in international business.

1. Why Choose IIFT?

IIFT is the go-to institute for students seeking a career in international trade, business, and finance, thanks to its focused curriculum, global exposure, and robust industry connections.

• Specialization in International Business: IIFT is renowned for its emphasis on international trade and business. The curriculum is designed to provide a global perspective, making it ideal for those interested in careers in global corporations, trade organizations, and government agencies.

• Strategic Location and Global Connect: With its main campus in Delhi and additional campuses in Kolkata and Kakinada, IIFT offers direct access to national and international trade organizations, industry leaders, and policymakers. It frequently collaborates with global institutions, providing students with international exposure through study programs, internships, and exchange opportunities.

• Cutting-Edge Curriculum: The focus on international business sets IIFT apart. The curriculum includes subjects like international trade policy, global supply chain management, trade finance, and international marketing, which are crucial for a career in the global business landscape.

2. Programs Offered at IIFT

IIFT offers a range of programs that cater to different professional aspirations, primarily focusing on international business and trade.

• MBA in International Business (MBA-IB): This flagship two-year full-time program offers in-depth knowledge of global trade and business. It covers core business disciplines such as marketing, finance, and operations, with a distinct focus on global business strategies, trade policies, and cross-border transactions.

• Executive Programs: IIFT offers a variety of executive programs, including the Executive Post Graduate Diploma in International Business (EPGDIB), designed for working professionals who want to upskill and specialize in international business without leaving their jobs.

• Ph.D. Programs: IIFT offers doctoral programs for those interested in academic research in areas related to international trade and business economics.

• Certificate Programs: Short-term courses like the Certificate Programme in Export Management and Certificate Programme in Capital and Financial Markets cater to professionals who want to expand their knowledge in niche areas.

3. Admission Process

The admission process at IIFT is competitive, with thousands of applicants vying for a limited number of seats.

• Eligibility Criteria: Candidates must have a bachelor’s degree in any discipline with at least 50% marks. Candidates in their final year of graduation can also apply.

• IIFT Entrance Exam: IIFT conducts its own entrance exam, unlike most other B-schools that rely on CAT. The exam is a computer-based test that assesses candidates on various parameters, including quantitative ability, verbal ability, data interpretation, and logical reasoning, along with general knowledge about international affairs and current events.

• Group Discussion and Personal Interview (GD-PI): After clearing the entrance exam, candidates are shortlisted for group discussions and personal interviews. These assess communication skills, leadership qualities, and domain knowledge.

• Cut-Off: The cut-off for IIFT varies each year but generally hovers around a 95 percentile in the IIFT exam. Candidates must score well in all sections, as sectional cut-offs also apply.

4. IIFT Placements

IIFT boasts an outstanding placement record, with top companies across various industries recruiting its graduates. The institute is especially known for placements in sectors such as international trade, finance, marketing, and consulting.

• Top Recruiters: Some of the top recruiters include Goldman Sachs, JP Morgan, Amazon, Google, Deloitte, Tata Group, Aditya Birla Group, and Hindustan Unilever. Many of these companies offer roles in international business divisions, export-import management, supply chain, and strategy.

• Placement Statistics: The average salary for the 2024 batch was ₹29 Lakhs per annum, with the highest salary package reaching ₹80 Lakhs per annum. Over 90% of students received offers in international business roles or organizations with global operations.

5. Fees Structure

The fees for IIFT’s flagship MBA-IB program are competitive, especially given its focus on international business and its robust placement record.

• MBA in International Business (MBA-IB): ₹21 Lakhs for the entire two-year program.
• Executive Programs: Fees vary depending on the program, typically ranging from ₹6-8 Lakhs for executive diplomas and certifications.

IIFT also offers financial aid and scholarships to meritorious and deserving candidates.

6. Rankings

IIFT consistently ranks among the top business schools in India, particularly for its specialization in international business.

• NIRF Ranking: IIFT is often ranked among the Top 10 B-Schools in India by the National Institutional Ranking Framework (NIRF).
• Global Rankings: IIFT has gained recognition for its international business programs, often featuring in global rankings of top business schools for trade and commerce.
• Specialization Rankings: IIFT is considered the best institute in India for International Business, consistently ranked above its peers for this niche focus.

7. Campus Life at IIFT

Life at IIFT is vibrant, with a mix of academic rigor and extracurricular activities that help students develop holistically.

• Student Clubs and Committees: IIFT has several student-run clubs focused on different business disciplines. Trade Winds focuses on international trade, while Capital Markets Club and Brandwagon (Marketing Club) offer students opportunities to engage with the latest industry trends and apply classroom knowledge to real-world scenarios.

• Cultural and Business Fests: Quo Vadis, IIFT’s annual business fest, attracts participants from top B-schools across the country, while Vivaan, the leadership summit, brings industry leaders to interact with students. These events foster networking and experiential learning.

• Industry Exposure: Students are exposed to real-world business challenges through guest lectures, internships, live projects, and international exchange programs. IIFT’s location in major cities provides abundant opportunities for interaction with top firms.

8. IIFT Alumni Network

IIFT boasts a powerful and influential alumni network spread across various industries, especially in roles related to international business, trade, and finance.

• Notable Alumni:
  • Arvind Uppal (Chairman, Whirlpool India)
  • Gaurav Dalmia (Chairman, Dalmia Group Holdings)
  • Vinod Gupta (Former CEO, InfoUSA)
  • Sunil Duggal (CEO, Dabur India)

This strong alumni base offers mentorship and networking opportunities for current students, aiding in internships, placements, and career growth.

9. Strengths of IIFT

• Focus on International Business: IIFT’s unique focus on international trade and global business sets it apart from other B-schools in India.

• Distinctive Curriculum: The curriculum is specifically tailored to produce leaders in global business, export management, and international finance.

• Global Exposure: Through partnerships with international universities, exchange programs, and internships, IIFT provides students with a global perspective, making them well-equipped for international careers.

10. How to Prepare for IIFT?

IIFT’s admission process is highly competitive, and aspirants should prepare diligently to secure a seat.

• Prepare for the IIFT Entrance Exam: Since the IIFT entrance exam has different sections, it’s crucial to focus on quantitative aptitude, verbal ability, data interpretation, and general knowledge. The GK section often includes questions on international affairs and trade, so keeping up with global news is essential.

• Develop Knowledge of International Business: IIFT values candidates with a genuine interest in global business. Reading up on trade policies, global supply chain trends, and international finance will help in both the entrance exam and the interview stage.

• Practice for GD and PI: IIFT’s selection process includes a group discussion and personal interview, where candidates’ communication, leadership, and problem-solving skills are assessed. Mock interviews and GD practice will be helpful.

Conclusion

The Indian Institute of Foreign Trade (IIFT) is one of the premier B-schools in India, with a specialized focus on international business and trade. With a strong curriculum, excellent placement record, global exposure, and an influential alumni network, IIFT stands out as a top choice for students aspiring to build careers in the global business landscape. Its competitive entrance process ensures that only the best candidates are selected, making an IIFT degree a valuable asset in today’s interconnected world.