Jul 15, 2016
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Jan 05, 2017
IIFT Entrance Exam Counselling FAQ
1) How are the seats allotted to the candidates after IIFT examination?
The admission process for IIFT is categorized in two stages:
Stage 1- Short Listing of Candidate: After IIFT examination, candidates will be short listed on the basis of marks obtained in IIFT examination.
Stage 2- Final Selection: After short listing, candidates will be called for Essay Writing, Group Discussion, and Personal Interview to be held in January/February . The IIFT GD/PI will be held at Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, Lucknow and Mumbai.
2) What is the fee structure for MBA (IB) course in IIFT campus?
IIFT is offering MBA (IB) in two of its campuses, which are in Delhi and Kolkata. The detailed fee structure for IIFT Delhi is given below:
1 Tuition Fee :-Rs. 7,60,000/-
2 Hostel Fee:-
- Rs. 47,000/- (Triple Occupancy)·
- Rs. 57,000/- (Double Occupancy).
Note:-***SC/ST/PH Category will be given 50% concession in tuition fee.
3) What are the numbers of seat offered by IIFT Campus? Is there any reservation provision for admission?
The number of seats offered by the IIFT Delhi & Kolkata are:
1.IIFT Delhi- 220 seats
2.IIFT Kolkata- 140 seats Seats are reserved as per Government of India rules.
The reservations are subjected to the candidates meeting the admission requirements of the Institute under various reserved categories.
4) Who were the previous recruiters of IIFT batch?
Every year packages offered to the candidate lies between Rs. 12 to 20 Lakh per annum. In 2016, four students of IIFT were offered more than Rs. 1 crore salary packages. All the students of Delhi and Kolkata campuses were placed in 75 companies. The highest domestic salary package was of Rs. 29 lakh per annum and overall average salary was Rs. 18.01 lakh per annum. Candidates of IIFT get the jobs in different posts including International Marketing, Derivatives Trading, Investment Banking, Sales & Marketing etc. The main recruiters of 2016 were Wipro, Trident, Airtel, Axis Bank, Swiss Singapore, Synergy Consulting Inc, Tata Steel, Vodafone and many more.
5) Is the IB course fully residential?
Yes. The institute provides fully furnished accommodation on campus for all students. Needless to say, IIFT boasts of world class infrastructure that any B-School can provide.
6) How are the placements?
Every year the Institute boasts of 100% placements. In 2009, the institute was the first amongst all the major business schools in the country to complete 100% placements in spite of the recessionary situation. The 2010 final placements saw a 53% rise in the average salary levels with 100% placements as usual.
7) What is the scope for industry interface?
Industry interface at IIFT happens through seminars, conferences, corporate interactions and guest lectures. IIFT organizes seminars and conferences all through the year, recent events being the National Marketing Symposium on “Consumer Retention Route to Enhancing ROMI” in August 2010, and IIFT-NASSCOM National IT Symposium on “India 2015: Leveraging IT for Growth” in September 2010 in Delhi. The Corporate Interactions are held on a regular basis, and have included Ms. Naina Lal Kidwai, HSBC, Mr. Som Mittal, NASSCOM, Mr. Venu Srinivasan , TVS Motors and Mr. Sanjeev Aggarwal, Daksh, to name a few eminent guests. Guest lectures by eminent corporate personalities are also held for specific courses. All the above events, besides giving the students a lifetime opportunity of interacting with the leaders of business, also instill in them a great sense of inspiration and motivation. In addition, IIFT also organizes its Annual Management Festival “Quo Vadis” each November, which draws treme .
8) What are the co-curricular activities at IIFT?
IIFT comprises of 6 clubs viz. Cashonova (the finance club), Brandwagon (the marketing club), Blash (the trading club), Socrates (the consulting club) and Systemix (the business technology and telecom club). Besides these, the Corporate Relations Committee functions on bringing in eminent people from the corporate world for interactions with the students on a regular basis. The functioning of all the above clubs are coordinated by the apex student body of IIFT, the International Management Forum, popularly known as the IMF. Also, true to its tradition of being a quizzing powerhouse, IIFT has, for the intellectually oriented, its own quiz club Quintessential. IIFT also aims at grooming socially-conscious business leaders, which is why the CSR club Koshish has a large number of enthusiastic and active members. Most recently the students, with encouragement from the administration, have also set up an Entrepreneurship Cell and the Africa Business Cell to adequately leverage the student .
9) Give us some information on the Student Exchange Programme.
IIFT has affiliations with more than 15 renowned foreign universities in Europe, Canada, Africa & Asia Pacific. Every year students are selected to take part in the exchange programs. This offers a very good opportunity to gain trans-cultural exposure. The basis of selection of students for the Exchange Programme varies and is typically specified by the concerned university.
10) What is the Port Visit all about?
All the students of the MBA (IB) programme are compulsorily required to undertake a Port Visit (sea port). The purpose of this visit is to enable students to gain a hands-on experience of the practical aspects of international trade and business. Besides visiting various offices such as the Port office, Customs Offices, EPZs, etc. students also get an opportunity to interact with the people at the front line. Students are free to choose the port of their choice to visit. Port visits are usually undertaken at Mumbai, Chennai, Vishakhapatnam, Kolkata, Cochin, Singapore or Dubai .
11) Is IIFT a center for foreign trade?
IIFT was established in the year 1963 with the purpose of conducting courses on foreign trade for the civil servants. Also IIFT has always been known as an excellent centre for research on WTO and other related issues. Over the years IIFT has evolved from being a centre of foreign trade to a complete business school that now rests on a tripod: the MBA (International Business) programme, Research and MDPs. Gone are the days when a company had to be domestically competitive to survive internationally. Today, a firm has to be internationally competitive to survive domestically. The distinction between the internal and the external sector is fast diminishing. The MBA (IB) programme offered at IIFT is an integrated course which was designed with utmost foresight, keeping in mind the requirements of the constantly evolving global economy.