IIFT Admission 2022 Last Date Extended to October 25: Top B-School offers High ROI MBA; Check USPs, Seats, Fees, Placements, New Admission Process

MBAUniverse.com News Desk |
October 18, 2021
Indian Institute of Foreign Trade is open with its application process for admission to its flagship high RoI MBA (IB) programme 2022. IIFT entrance exam will be conducted by NTA on Sunday, December 5, 2021 as a computer based test in a single session. IIFT has revised its selection criteria for admission 2022. Last date to Apply is extended to October 25, 2021. Read this article know the key USPs, IIFT admission process 2022, fee, placement and more
IIFT Admission 2022

Indian Institute of Foreign Trade (IIFT) has extended the last date to apply for admission 2022 to October 25, 2021 at 5 PM. IIFT is the top B-school in India offering 2 years full time high RoI MBA (IB) programme with global placements. The application for IIFT entrance exam can be submitted at IIFT exam website IIFT.NTA.NIC.IN with an application fee of Rs.2500/-. IIFT is a deemed to be University and is also closely linked with Ministry of Commerce.

IIFT Admission 2022 Open - Apply for 2 Year MBA (IB): Apply Now

National Testing Agency has been assigned the task of conducting the IIFT 2022 admission test which will be held in computer based format on Sunday, December 5, 2021 in a single session of two hours duration.  Offering high placements in India and abroad, IIFT is one of the most sought after destinations for MBA (IB) programme. Apart from its existing Delhi and Kolkata campuses, IIFT also proposes to launch its third campus at Kakinada in Andhra Pradesh in the academic session 2022-23. Read the article below to know the key USPs of IIFT, Cut off, Fee, Placements, key changes in the IIFT Admission 2022 process and more 

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Table of Contents
In this article, we shall cover:

  1. Key Highlights and USPs of IIFT
  2. MBA (IB) at IIFT: A Unique Programme
  3. IIFT MBA (IB) Fee: Offers high RoI
  4. IIFT MBA (IB) Placement 2021
  5. IIFT Intake
  6. IIFT Admission 2022: Step by Step Process
  7. IIFT Admission 2022: Important Dates
  8. IIFT Campus Highlights

1. Indian Institute of Foreign Trade (IIFT): Key Highlights and USPs
Indian Institute of Foreign Trade (IIFT) is one of the top management institutes in India. It offers prestigious 2 years full time MBA in International Business apart from other management programmes. Key USPs of IIFT include

1.1 Institute of Excellence: IIFT was established in 1963 by the Government of India as an autonomous organisation and as a Centre of Excellence in International Trade and Business

1.2 High Placements: IIFT has a consistent record of 100% placement with high salary packages. IIFT Placement 2021 registered higher than last year average placement package of Rs.21.08 LPA and Highest domestic salary of Rs.46.40 LPA for the 2019-21 batch.

1.3 Top Recruiters: 117 marquee companies made offers to the students in IIFT placement 2021. Some of the top recruiters are KPMG, Bajaj Finserv, Airtel, Eli Lilly, GSK, HUL, ITC, Tata Steel, Bain Capability, Cognizant, McKinsey, Wipro, Goldman Sachs, JP Morgan, GE, HSBC, Yes Bank

1.4 International Exchange: As a university, IIFT has signed MOUs with leading institutions of the world for mutual exchange of students and teachers in the area of International Trade and Business

1.5 Accomplished Leadership: IIFT is led by Prof Manoj Pant as its Vice Chancellor.  He has 40+ years of experience as a faculty and researcher and has served in various key positions at top institutes and universities across the globe including Switzerland, USA, IIM Lucknow, Delhi University, JNU Delhi, IIT Delhi among others. The Secretary, Ministry of Commerce, Govt of India is the Chairman of Indian Institute of Foreign Trade.

1.6 Fee offers High RoI:  IIFT MBA (IB) fee for MBA(IB) 2021-23 batch was  Rs. 18.25 lakhs excluding lodging and boarding charges. IIFT fee is lower than the fee charged in the range of Rs.19 to 24 lakhs by IIM Ahmedabad, Bangalore, Calcutta, Lucknow, Kozhikode, MDI, XLRI among other top B-schools but the placements are at par with these top Institutes.

1.7 Catalyst to Internationalize Indian Economy: IIFT is a catalyst for new ideas, concepts and skills for the internationalisation of the Indian economy. IIFT is the primary provider of training and research-based consultancy in the areas of international business, both for the corporate sector, Government and the students community.

1.8 Vast Alumni Network: IIFT has a vast and growing alumni network. There are more than 50000 illustrious alumni members spread across 30+ countries. The robust alumni network provides an excellent platform for social, educational, and professional networking opportunities. IIFT has an active Alumni Committee that caters to alumni interactions and helps organize events where existing students can interact via guest lectures, seminars, meetups and reunions. Such events help strengthen a lifelong intellectual and sensitive bond among students. Aluminati is a bi-monthly newsletter.  It will soon transform into a video podcast on YouTube and facilitate IIFTians – existing and alumni – to interact and stay informed with the latest.

1.9 Pedagogy Imparting Education with Business Ethics: With technology invading the simplest of activities in our lives and significantly impacting our social and environmental ecosystem, professional ethics and good business values have become an integral part of any corporate workspace. B-schools play a significant role in instilling business ethics and setting moral compasses in future managers and leaders. IIFT leaves no stone unturned in doing so. Business ethics are instilled via case studies that help students understand and act upon various challenges. It also provides a platform for its students to self-introspect and reflect on their learnings. Most importantly, the students' decision-making ability is honed, which makes them wise and ethical decision-makers.

1.10 Dynamic Curriculum at Global Standard: IIFT offers a dynamic curriculum. It aims to familiarize the students with fundamental concepts of management, international business and trade. The course structure is in sync with international trade and business demand, industry requirements and expectations. It incorporates all the vital subject areas and disciplines relevant to global business, emphasizing on analytical and quantitative approach. The course is a combination of core subjects and a wide range of electives that cater to the changing dynamics of international business.

2. IIFT MBA (IB): A Prestigious & Unique Programme
The 2 years full time MBA(IB) Programme of IIFT aims at imparting professional education and training in modern management techniques for handling international business operations in a highly dynamic and competitive environment.  The specific objectives of the Programme are:

  • To familiarize the participants on the fundamental concepts of management
  • To expose the participants to the challenges in the emerging competitive business environment in an increasingly globalized world
  • To relate the management concepts to business situations and help the participants to develop analytical and decision skills so as to evolve effective national and international business strategy.
  • To develop socially responsive managers for International business and help in shaping up their personality.
  • To equip for career opportunities in International Business

2.1 IIFT MBA in International Business: Different from MBA/PGDM General
IIFT Admission Cell shares with MBAUniverse.com the key distinct features of IIFT MBA (IB) programme as compared to General MBA programme,The MBA(IB), flagship programme of the Institute, aims at imparting professional education and training in modern management techniques for handling international business operations in a highly dynamic and competitive environment. The specific objectives of the Programme are:

  • To familiarize the participants on the fundamental concepts of management
  • To expose the participants to the challenges in the emerging competitive business environment in an increasingly globalized world
  • To relate the management concepts to business situations and help the participants to develop analytical and decision skills so as to evolve effective national and international business strategy.
  • To develop socially responsive managers for International business and help in shaping up their personality.
  • To equip for career opportunities in International Business.”

3. IIFT MBA (IB) Fee
The two years MBA (IB) fee is gradually increasing after allowing for inflation adjustment. The fee for 2021-23 batch is Rs.18.25 lakhs. You can expect a marginal increase in fee for MBA (IB) 2022-24 batch. In case of any high increase, IIFT may try and absorb the major incremental part.

IIFT fee includes tuition fee, computer facility, internet, library, alumni and IMF (student body) fee charges. The students of SC, ST and PWD category are given 50% concession on tuition fee.

IIFT Fee Structure (MBA-IB 2021-23 Batch)

IIFT Campus
Fee amount (In Rupees)
Important Points
IIFT Delhi
Rs. 18,25,000
Excludes Hostel fee, Mess Charges &others
IIFT Kolkata
Rs.18,25,000
Excludes Hostel fee, Mess Charges & others

4. IIFT Placements 2021
IIFT has a consistent record of high placements since its inception and during the economic slowdown as well. Lateral and Final Placements for the IIFT class of 2019-21 saw all the participating students receiving placement offers from the top recruiters in India and abroad, across all possible business sectors.

IIFT Admission 2022 Open - Apply for 2 Year MBA (IB): Apply Now

4.1 Placement 2021 Highlights

  • Large batch size
  • Average Salary up by 3% and Median Salary up by 10% ( Exact 9.9%)
  • Average Salary in Placement 2021 goes up at Rs.21.08 LPA from Rs.20.48 LPA last year
  •  Median Salary goes up to Rs.20 LPA in Placement 2021 from Rs.18.20 LPA last year
  • No. of Recruiters increased to 117 in Placement 2021 from 107 last year
  • Highest salary in placement 2021 goes up marginally at Rs.46.50 LPA from Rs.46.45 LPA last year
  • Top Recruiters include KPMG, Bajaj Finserv, Airtel, Eli Lilly, GSK, HUL, ITC, Tata Steel, Bain Capability, Cognizant, McKinsey, Wipro, Goldman Sachs, JP Morgan, GE, HSBC, Yes Bank
  • Sales & Marketing emerges top recruiting domain with 24% offers

4.2 Key Trends in Placement
Below are shared the key placement trends of last 4 years

Placement Year
Average Salary (Overall) (Rs. in lakhs)
Average Salary (Domestic) (Rs.in lakhs)
Highest Salary 
(International) 
(Rs. in lakhs)
Highest Salary Domestic 
(Rs. In Lakhs)
Placement 2021
21.08
21.08
--
46.50
Placement 2020
20.48
20.48
75 Lakhs (Intl)
46.45
Placement 2019
20.07
18.89
1 Crore +
--
Placement 2018
19.23
18.27
1 Crore
29.00

4.5 Top Recruiters
117 marquee companies made offers to the large batch size in IIFT placement 2021. Some of the top recruiters who recruited in different domains include Angel Broking, Alpha Alternatives, Bajaj Finserv, KPMG, S&P Global, ShangriLa Corporate Services, Thoucentric, United Breweries, VOIS, Welspun, Xiaomi,  ZS Associates, Airtel, Amway, Bajaj Auto, Cipla, Dabur, Eli Lilly, GSK, HUL, ITC, L’Oréal, Paytm, RPG, Tata Steel, Bain Capability, Cognizant, Infosys Consulting, KPMG, McKinsey, Michael Page, Praxis Global Alliance, Thoucentric, Wipro, Citibank, DE Shaw, GE, Goldman Sachs, HDFC Bank, HSBC STG, ICICI Bank, JP Morgan & Chase, Silverdale, Synergy Consulting, Yes Bank, DCM Shriram, Microsoft, Polestar, Dabur, Trafigura among others. 

5. IIFT Intake
During the past few years, IIFT has gradually increased its batch size at its Delhi and Kolkata campuses taken together. For the MBA (IB) 2021-23 batch, IIFT selected a total of 700 candidates for admission at Delhi and Kolkata campuses against approved intake of 511 (258 at Delhi and 253 at Kolkata)  

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IIFT Admission 2022: Process for MBA (IB) 2022-24 Batch  
IIFT Admission 2022 for MBA-IB 2022-24 batch Step by Step Process is given below:

  • Step-1: Submission of Application & taking Entrance Exam for IIFT Admission 2022
  • Step-2: First Stage Shortlisting criteria based on Entrance exam cut off for IIFT Admission 2022
  • Step-3: Final Selection Round comprising Extempore, PI, WAT for IIFT Admission 2022
  • Step-4: Final Merit List Generation for IIFT Admission 2022, based on various attributes & weightages

Let us understand in details each step of admission process

Step-1: Apply & Appear in IIFT Entrance exam
Following are the key components of IIFT registration, application and entrance exam

1.1 Apply for IIFT Entrance Test for IIFT Admission 2022

  • You first need to apply online for IIFT entrance exam by the last date iift.nta.ac.in. Read More about the IIFT Registration & Application  Process
  • The IIFT exam 2022 Registration & Application Fee is Rs.2500/- which has to be paid online only. For reserved category candidates the application fee is Rs.1000/-.

1.2 Appear in IIFT Entrance Exam

  • The next step is to appear in IIFT MBA Admission Test-2022 which will be conducted by NTA on December 5, 2021. 
  • It is mandatory for the candidates to appear in the IIFT entrance exam.
  • A balanced score in all the sections of IIFT 2022 entrance exam and good academic profile is required for shortlisting
  • IIFT entrance exam is a computer based multiple choice objective type written test (in English). It consists of questions divided in 4 sections. The questions are based on English Grammar, Vocabulary and Comprehension, General Knowledge & Current Affairs, Logical Reasoning, Data Interpretation and Quantitative Analysis.

1.3 How IIFT Entrance Exam is different from CAT/XAT? Explains the IIFT
Sharing with MBAUniverse.com, how IIFT Entrance Exam is different from other exams, the Indian Institute of Foreign Trade has highlighted following key features of IIFT entrance exam:

  • Entrance exams of CAT, XAT etc. are being conducted by private agencies, while IIF’s entrance exam is being conducted by National testing Agency (NTA) which makes it more transparent.
  • In CAT, there is sectional time limit which means candidates have to complete every section within the prescribed time limit. IIFT exam does not have sectional time limit.  
  • CAT has three sections, IIFT has four sections (an extra section of General Knowledge and Awareness).
  • For shortlisting to second round, there are weightage of academics, gender diversity etc. also. While in other management exams, these parameters are applicable in second round of the admission process.

Step-2: Shortlisting Criteria for IIFT Admission 2022
Following are the key shortlisting parameters for IIFT admission 2022

2.1 IIFT Entrance Exam Score
The applicant should score the minimum required sectional and overall percentile in IIFT  entrance exam to be considered for shortlisting for admission by IIFT

  • The short listing of candidates for Extempore/GD,-WAT-PI will be done on the basis of IIFT entrance exam percentiles including sectional cut offs
  • The cut-off marks for female candidates across all categories are less than the actual cut-off in line with IIFT’s policy of gender diversity
  • In addition to the above stated criterion, Marks obtained in X, and XII, will be considered
  • To ensure balance in class composition at IIFT, upto 5 points are awarded to non engineers
  • The shortlisting by IIFT will be done for all the IIFT campuses located at Delhi and Kolkata
  • If the candidate does not score minimum prescribed percentile in IIFT entrance exam, he/she is not considered for shortlisting for final selection stage.

2.2 Shortlist Expected Cut Offs
IIFT entrance cut offs are expected to remain in the range of 46 to 50 out of 300 total marks for different IIFT campuses. 

Campus
IIFT Delhi
IIFT Kolkata
Overall Cut off (Out of 300 maximum marks)
45-48
43-45

2.3 Last Year Overall Actual Cut OffsThe overall category wise cut offs for Shortlisting the candidates for final selection round for 2021-23 batch were applied as under. However, these candidates had to clear the section cut offs also and had to obtain minimum marks.

Category
Cut offs applied
General
43.5
General-EWS/OBC-NCL
36
SC/ST/PwD/Kashmiri Migrants/Non-Migrants
28.5

Source: IIFT

2.4 Expected Sectional Cut offs

Section name
Total questions
Max marks
Delhi Cut offs
Kolkata  cut offs
Verbal Ability & Reading Comprehension
 35
105
20-21
18-19
Quantitative Analysis
 25
 75
10-12
9-11
Data Interpretation & Logical Reasoning
30
 90
14-15
12-13
General Awareness (GK)
20
30
6-7
5-6
Total
110
300
 --
-- 

2.5 Actual Sectional Actual Cut offs as applied by IIFT for 2021-23 Batch
Below are the actual category wise sectional cut offs as applied by IIFT in shortlisting the candidates for final selection process

Section
Total Marks
General / Gen-EWS / OBC-NCL
SC/ST/PwD/ Kashmiri Migrants/NonMigrants
General Awareness (GA)
30
5.5
4.5
Reading Comprehension (RC) & Verbal Ability
105
19
15
Data Interpretation (DI) & Logical reasoning
90
13
10
Quantitative Aptitude (QA)
75
8
6

Source: IIFT

2.6  Shortlisting Components and Weightage
Following weightage will be awarded to different components during shortlisting process for final selection round by IIFT

Parameters
Weightage percentage
IIFT Entrance Exam score
73
Marks obtained in Class X
10
Marks obtained in Class XII
10
Academic Diversity
Engg-0; Non-Engg-5
Gender Diversity
Male=0; Female=2
Total Score
100

Step-3: IIFT Final Selection Process 2022
IIFT Final Selection Round 2022 will consist of following components and weightages

3.1: Extempore/GD, WAT & PI

  • Those candidates short listed from the computer based test, will be called for Essay Writing Test, Extempore /GD and Personal Interview to be held in February/March 2022 at Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, Lucknow and Mumbai.
  • IIFT scores, academic consistency, academic diversity, gender diversity, work experience will be used for final selection

3.2: Evaluation process for WAT, Extempore /GD and PI

  • Writing Ability Test (WAT): The shortlisted candidates have to submit an essay on a given topic. The evaluation will be mainly based on clarity and ability to comprehend and the technique of presentation and expression of ideas
  • Extempore/ GD: The shortlisted candidates have to speak on a given topic. The evaluation of Extempore will be on the ability of the candidate to demonstrate communication skills, content and ability to give new insights on the topic.
  • Personal Interview: The shortlisted candidates have to appear for personal interview. The evaluation is based on academic, extra curricular and analytical performance of the candidate

IIFT Admission 2022 Open - Apply for 2 Year MBA (IB): Apply Now

Step-4: Merit List Generation for Final Admission Offer
After completion of Extempore /GD-PI-WAT process, final merit list will be generated in April 2022 based on following parameters:

4.1: Merit List Components & Weightage

Final Selection Parameter
Percentage of Weightage
Remarks
IIFT Entrance Exam score
 45
Based on sectional & overall performance in IIFT entrance exam
WAT
 10
Evaluation based on clarity and ability to comprehend and the technique of presentation and expression of ideas
Extempore / GD
 10
Evaluation based on the ability to demonstrate leadership skills, team player skills, communication
PI
 20
Evaluation is based on academic, extra curricular and analytical performance
Gender Diversity
Female=2; Male=0
Applicable for Women candidates only
Academic Diversity
Non-Engg=2; Engg=0
All Non-Engg graduation programmes
Work Experience
   3
Work Ex.within 2 years to 3 years
Academic Consistency
   8
Class 10=4; Class 12=4
Total
100
 

In case of any change, it will be notified on IIFT website

4.2: Final Selection Cut offs as applied by IIFT for MBA-IB 2021-23 
Category-wise cut-off of last selected candidate in main list for admission to MBA (IB) 2021-23 batch was as under :-

Category
Cut off
General
46.6
General-EWS
41.6
OBC-NCL
41.6
SC
36.6
ST
36.6
PwD
36.6
Kashmiri Migrants  
45.88

Source: IIFT

Sharing the final admission criteria with MBAUniverse.com, IIFT Admission Cell responded, “Selection for MBA(IB) 2022-24 programme is on the basis of score of the candidate in entrance exam (first stage) and Extempore/GD, Writing Skills Assessment and Personal Interview. There would be weightage of marks of 10 &12, works-ex, academic and gender diversity also.”

7. IIFT MBA (IB) 2022 Entrance Exam Important Dates
IIFT 2022 MBA (IB) Admission entrance exam is scheduled on December 5, 2021. This is the third time that NTA is conducting IIFT entrance test. The IIFT Exam Registration process for MBA (IB) admission 2022 can be completed on NTA IIFT exam website.

IIFT Admission 2022 Activity
Key Dates 2022
IIFT 2022 Notification Release Date
August 16, 2021
Application Start Date
September 2, 2021
Last date to Apply
October 25, 2021 (Till 5 PM)
Last date to pay IIFT Entrance exam Fee
October 25, 2021 (Till 11.50 PM)
IIFT Application Fee
Rs.2500/- for General/OBC category
Rs.1000/- for SC/ST/PwD/Transgender
Application error correction Window
October 27 to 31, 2021
Admit Card Download Starts
Some time in November 2021
IIFT Entrance Exam date
Sunday, December 5, 2021
IIFT 2022 Exam Result Date
Expected on or before December 20, 2021
IIFT Shortlist release
Expected in January 2022
Final Admission Offer
April 2022

8. IIFT Campus Highlights
Brief  Details of IIFT campuses and infrastructure facilities are shared below:

8.1 IIFT Delhi Campus

  • IIFT Delhi has two campuses one is located in Qutub Institutional Area overlooking green ridge and historical Qutub Minar
  • The strategic location of the campus gives students access to various MNCs located in Delhi SEZ and Gurugram
  • Another campus of IIFT, spread over 5-6 acres, is located at Maidan Garhi, New Delhi. It is under construction and will be operational soon.
  • The Delhi campus of IIFT is picturesque with artistically designed buildings and well-maintained plush gardens
  • Delhi campus is spread over 6.5 acres of land and houses two academic blocks and two residential blocks for students and visiting faculty
  • Facilities available on the IIFT Delhi campus include, fully AC Lecture halls with audio-visual aids, conference halls for round-table conferences, Auditorium of 450 seating capacity, two computer labs, indoor games, sports ground and residential facilities for the students.
  • IIFT Delhi campus is fully wi-fi enabled

8.2 IIFT Kolkata Campus

  • IIFT Kolkata campus is located in its own premises in East Kolkata off EM Bypass in an area of 7 acres.
  • The campus is developed as a green and fully integrated campus with independent blocks for academic, administration and student living areas with all modern amenities.
  • Kolkata campus houses three water bodies to maintain ecological diversity with enough greenery.
  • The campus consists of centrally air-conditioned modern lecture halls, syndicate rooms, common area, auditorium, open air theatre, common courtyard in its academic and administration blocks.
  • The campus is fully wi-fi enabled.

8.3 IIFT to Launch Kakinada Campus in 2022 with New 5 Year Integrated MBA (IB) Programme
IIFT is planning to launch its third campus at Kakinanda (Andhra Pradesh) in the academic session 2022-23 with an intake of 40 to 60 students. The new Kakinada campus will be launched with 5 Year Integrated MBA (IB) Programme and the first batch of 2022-27 is likely to commence with the other campus batch commencement dates. According to IIFT, “IIFT is planning to launch a 5 years Integrated MBA (IB) programme from academics session 2022-23 at its new campus at Kakinada (Andhra Pradesh).”

8.4 IIFT Campus Facilities
IIFT also offers impeccable in-house campus facilities and infrastructure. The library holds 84,000 volumes and subscriptions to 800 journals with complete online cataloguing. It has a unique collection of UN, ITC, UNCTAD, WTO, IMF, World Bank and other international agencies. The students have access to the database such as the Bloomberg, World Trade Atlas, NIC, CMIE, India Trades and other audio-visual aids on management. The Foreign Trade Library has an organized collection of Information resources on International Business & Economic Environment, which are accessible in printed or e-form.

The Indian Institute of Foreign Trade (IIFT) was established in 1963 as an autonomous body under the Ministry of Commerce & Industry to contribute in the skill building for the external trade sector of India. It has come a long way to successfully develop into a unique institution involved in imparting knowledge through research and training in international business and trade.
 
IIFT was granted “Deemed to be University” status in 2002. The National Assessment and Accreditation Council (NAAC) has recognized IIFT as Grade ‘A’ Institution in 2005 as well as in 2015. In the Govt of India, MHRD NIRF Ranking 2021-Mangement, IIFT was awarded 26th place among top 100 B-schools in India. Over the years, IIFT has emerged as the national university with focus on International Business Management and Strategy, and such focus is reflected in all three major activities of the Institute: Research, Training and Education.
 
Sharing one of the important reasons why to join IIFT MBA(IB), the institute informed, “If foreign trade and international business interests you, then IIFT is the perfect choice for you.”
 
We hope you found this article helpful in looking for MBA admission and deciding on one of the best B-schools which has high RoI. Application process at IIFT is open and more details and application form are available at this IIFT Admission 2022 Open - Apply for 2 Year MBA (IB): Apply Now

Stay tuned to MBAUniverse.com for more updates on Indian Institute of Foreign trade (IIFT)