In its ongoing series to help the B school aspirants explore leading management institutes of the country MBAUniverse.com comes up with the latest valuable information about Delhi based Indian Institute of Foreign Trade (IIFT).
IIFT Delhi was set up by the Government of India as an autonomous organization to help professionalize the country's foreign trade management and increase exports by developing human resources; generating, analyzing and disseminating data; and conducting research. IIFT Delhi has a portfolio of diverse long-term programmes, catering to the requirements of aspiring International Business executives and mid-career professionals alike.
IIFT Delhi has an excellent placement record with average domestic annual salary offered to the students at IIFT 2013 Placements being Rs 12.1 lakhs and the highest annual salary package of Rs 22 lakhs in IIFT 2013 Placements
According to the Director of IIFT Delhi, Dr. Surajit Mitra, ‘’over the years IIFT has achieved not only 100 per cent placement of its students, but also with companies of repute and significance. This is a great complement not only to IIFT but also to the intelligent and hard working student community who participated in our programmes’’.
IIFT has a total number of 47 permanent faculties out of which 40 have earned Ph.D degrees from the institutes of national and international repute. There are 32 visiting faculties at IIFT Delhi. Out of the permanent faculties 8 have a teaching experience of more than 15 years and 27 have more than 5 years of teaching experience. 10 faculty members are having more than 5 years of industry experience while 5 have more than 15 years of industry experience.
IIFT Delhi: Programme and Fee Structure
The flagship programme of IIFT is its 2 years MBA (IB) course in which 222 students took admissions in session 2013-15. Apart from that, IIFT Delhi also runs 3 years part time MBA(IB) programme, Executive Post Graduate Diploma in International Business (on campus)-Delhi , Executive Post Graduate Diploma in International Business (on campus)-Kolkata and Post Graduate Diploma in International Business for Young Managers.
The total fees of IIFT are 14.16 Lakh which includes tuition fees and hostel fees.
So, Who Gets Into IIFT Delhi
The 2013-15 batch of IIFT is a batch dominated by the students having engineering backgrounds. In a batch of total strength of 222 at IIFT Delhi, 194 students were from engineering background, 4 students had Medical – MBBS/ BDS backgrounds, 9 students were from the science background, 10 have the commerce backgrounds, 3 were from the arts and humanities background while only one had CA/ CS/ LLB/ ICWA background.
Out of total 222 students in the present batch, 124 have a work experience of 1-3 years, 46 are freshers, 29 students have more than 3 years of industry experience while only 23 students have a work experience of up to one year. The present batch is also dominated by male students numbering 189 as compared to only 33 females.
IIFT Delhi 2013 Placements : Up to the mark
IIFT Placement 2013 witnessed 200 students placed out of a batch of total strength of 210 with a total number of 74 companies visiting the campus for placements. They made a total of 200 job offers.10 students of the 2011-13 batch opted out of the placements. The average annual salary offered to the students at IIFT Delhi was Rs 12.10 lakhs while the highest annual domestic salary was Rs. 22 lakhs. The international recruiters offered an average annual package of 22.34 lakhs. IIFT also saw the highest number of pre placement offers ever with 46 per cent up by more than hundred percent receiving offers from industry stalwarts like AT Foods , Britannia, CEB, Citibank, CBC, Coalgate Palmolive, DBS, Flipkart, GCPL, Goldman Sachs, ITC, Madura F & L , Mahindra and Mahindra, Nomura Holdings, Proctor and Gamble, Reckit Benkiser, Tata Motors, Tata Steel and Vodafone.
A number of 62 students were placed under the function of marketing/ sales, 37 were placed under finance, 36 were placed under systems/IT, 27 were placed under trade/IB, 13 were placed under general management, 14 were placed under the function of consultancy while 11 were placed under the function of operations/ supply chain.
Some of the Recruiters at IIFT Placement 2013:
1. ACG Worldwide
4. Amrop India Consultants
5. AT Foods
10. Citi bank
IIFT 2014 Admission: Criteria and Process
IIFT Delhi will conduct a written examination – IIFT 2014 exam on 24th November, 2013 for admission to its MBA-IB (MBA in International Business) program 2014-16 at IIFT New Delhi & IIFT Kolkata. Application process for IIFT 2014 exam closed on September 3, 2013.
IIFT 2014 admission procedure is a 3-stage process: First is the written test i.e. IIFT 2014 exam covering areas of Quantitative Ability, Logic and Reasoning, English etc. The short-listed people will then have to appear for the Group Discussions and Essay Writing. The final round consists of Personal Interviews. IIFT 2014 exam will be held in following 20 cities all over India.
Prepare for XAT 2014, IIFT, NMAT, SNAP, IBSAT
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