The Indian Institute of Foreign Trade (IIFT) was set up in 1963 by the Government of India as an autonomous organisation to help professionalise the country's foreign trade management and increase exports by developing human resources, analysing and disseminating data and conducting research. The Institute visualises its future role as:
- A catalyst for new ideas, concepts and skills for the internationalisation of the Indian economy.
- 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.
- An institution with proven capability to continuously upgrade its knowledge base with a view to servicing the requirements of the Government, trade and industry through both sponsored and non-sponsored research and consultancy assignments.
The Institute's portfolio of long-term programmes is diverse, catering to the requirements of aspiring International Business executives and mid-career professionals alike. These are
- Two-year MBA (International Business), New Delhi, Kolkata, and Dar-es-Salaam
- Three-year MBA (International Business) (Part-Time), New Delhi and Kolkata
- Executive Masters in International Business, New Delhi
- Certificate Programme in Export Management, New Delhi
Eligibility Criteria:The candidate who wishes to pursue the master’s course in international business has to satisfy certain eligibility conditions. They should have passed graduation from any of the reputed educational institutions in the country. The student should have scored 50% marks in the qualifying exam in order to undergo the course. The admission to the course is carried out on the basis of the marks obtained in graduation or on the basis of the entrance exam. Most of the colleges conduct their own entrance exam for the purpose where as marks obtained in common entrance test like CAT or MAT are also taken in to account by some institutes.
Development in the international marketing on the one hand and the consequential impact of the same on India’s domestic market on the other, call for a professional approach and sensitivity to international business environment. The MBA (International Business) is a foundational course for developing a competent cadre of business executives to meet the country’s growing requirements for training personnel in the field of international management. MBA (IB) is a six trimester general management programme with a focus on international business. The programme aims at providing a comprehensive coverage incorporating all the important areas and disciplines relevant to international business activities. The syllabi for MBA (IB) compares favorably with the syllabi of some of the world’s best International Business Schools.
Eligibility Criteria:Candidates seeking admission to the Ph.D. programme, whether full time or part time, shall have to possess requisite percentage of marks / grade point average in qualifying examination as indicated below: The required minimum qualification for admission to a Ph.D programme shall normally be a Master’s OR M.Phil Degree from any accredited Indian or Foreign University in the relevant field. She/he must have obtained either a minimum of 50% marks or Equivalent Grade in the M.Phil degree or a minimum of 55% marks or Equivalent Grade in the Master’s Degree (for all disciplines except Engineering and Technology), however, overall 60% at all academic levels will be desirable. Applicants with M. Tech / M.E./M.S. qualification in relevant disciplines with excellent academic record with minimum CGPA of 6.0 on a 10 point scale or equivalent or 60% marks and with 60% aggregate in Xth , XIIth and B.Tech/B.E. will be considered eligible for admission in Ph.D. programmes in Engineering and Technology.
The Ph.D. Programme of the institute covers Doctoral research in a variety of business related areas leading to the award of Ph.D degree. The programme is targeted at research scholars, members of teaching faculty in universities and institutes of higher learning, professionals from private, public and government sectors. The main objectives of the Ph.D. Programme are:
- To facilitate pursuing higher studies and advanced research in International Business;
- To encourage and doing research on contemporary issues in the field of International Business; and
- To encourage publication of research papers in academic journals, occasional papers, monographs, books and other publications.
Tuition Fee & other charges (for 2015 MBA (International Business) batch):
- General/OBC Category : Rs.7,00,000/- p.a.
- SC/ST/PH/Category : Rs.3,50,000/- p.a.
- Foreign National /NRI/Children of NRI US$ 27,500 p.a.
- Other charges (library, computer, alumni): Rs. 50,000/- for the whole course
- Hostel & Mess charges : Rs. 2,00,000/- (approx.) for the whole course
Fee (for 2015 Executive Programmes batch) The programme fee for the entire course is Rs.3,50,000/- (Rs. 1,75,000 for SC/SC/PH) payable in three installments and Rs. 10,000/- as alumni charges.
The tuition fee of Certificate Programmes Rs.75,000/- is payable at the time of admission. There is 50% concession of fees for SC/ST/PH Candidates.
Computer Labs: IIFT has one 24 x 7 computer lab for the use of students, researchers and faculty for academic activities and lab comprises 25 i5 desktops with TFT monitors connected to high speed internet, loaded with all latest software applications, etc.
High capacity 50 Mbps Internet Connectivity The high quality persistent bandwidth offers high speed and uninterrupted Internet connectivity from anywhere on the campus, through 50mbps dedicated 1:1 Internet Lease Line. The Institute has been a member of IRINN and has its own BGP infrastructure and both the ISPs are peering on to the Institute’s BGP infrastructure.
C9 Hostel Hostel life is the most important part of one's journey at IIFT. With over 60 students staying at our newly developed hostel at C9, the atmosphere of learning and having fun while staying at IIFT is unmatched. There is a separate mess facility at C9, and seating space for all students. There is also a common room facility for students where they can sit for discussions and projects. It is also a great space for students to relax and rejuvenate owing to the television facility and table tennis facility. Hardly a five minute walk from the campus, it is well guarded and located in the plush green surrounding of Qutab Institutional Area.
New Hostel New Hostel (NH) is for the senior batch of students pursuing MBA (IB) from IIFT. It has 6 floors and all the rooms are on double-occupancy basis. Top two floors are guest rooms. NH hostel is connected with the help of passage to the academic block of IIFT . It has a common room with a television and table-tennis table. It has an air-conditioned mess with sitting facility for all students staying. NH has Nescafe for refreshment adjoining to the hostel.
Old Hostel Old Hostel (OH), located within the IIFT campus, has eight floors (including a basement) and is home to both the first and second year students of the residential International Business program. Some rooms of the hostel face the landmark Qutab Minar while some face the lush green Sanjay Van, providing the perfect setting for students to enjoy a fresh environ. The hostel has a mess which is capable of seating approximately 100 students at a time. The hostel also has a common computer facility which can be used by the students to take print-outs without visiting the market. Closely situated is the dry facility to cater to students' needs..
One of the largest of its kind in the developing world, with a holding of around 84,000 volumes and subscriptions to 800 journals with complete online cataloguing, the IIFT Library is a veritable storehouse of information. Besides being an invaluable place of reference for industry, research scholars and students alike, the Library has an unique collection of publications of FAO, IMF, OECD, UNCTAD, UNCTC, World Bank, and other international agencies. The students have access to database such as the NIC, CMIE, India Trades, World Bank Indicators and other audio-visual aids on management. IIFT has set up the WTO Resource Centre in the Library to focus exclusively on WTO issues. The Centre is the only one of its kind in India, which enhances the utility of the IIFT Library even further. Besides the main Library, there is a Library-cum-Reading Room open round-the-clock, situated in the hostel.
Foreign Trade Library The Foreign Trade Library is a knowledge bank in the field of Management, Foreign Trade and WTO related issues. It has an organized collection of Information resources on International Business & Economic Environment which are accessible in printed or e-form to its Readers for their reference or borrowing. It continued with its endeavor to add to its collection specialized publications, reports, Databases, e-Journals, Print Journals, Articles etc. and get itself updated regularly. Presently Library has an impressive collection of 1,00,990 resources that comprises74,008 book/CDs-volumes, 17381 bound periodicals, and 447 periodicals & 4000 articles.
Medical facilities available.
The best kind of learning is from your peers. This is the belief which IIFT functions with. With the student council as an umbrella body, 6 clubs and 7 cells work to ensure collaborative and comprehensive learning the year round. All the possible domains of management- Finance, Marketing, Operations, Consulting, Systems, and Trade, are handled by one club each. The clubs impart domain and industry-specific knowledge via Knowledge Transfer Sessions throughout the year. Also no management education is complete without practical learning and hence the regularly scheduled competitions-case studies, Group discussions, quizzes, etc. Live projects from various corporates in all domains are also brought by clubs, which ensures significant industry exposure. The clubs, along with the student body, are also responsible for organizing Trade Winds, the Dubai Trade Conclave, the National IT Conclave, and the National Trade Symposium.
Clubs are also responsible for management events in IIFT's annual management and cultural fest, Quo Vadis. Apart from clubs, 7 cells are also present to facilitate co-curricular and extra-curricular learning. Students having interests as diverse as stock trading, quizzing, social work, entrepreneurship, etc. will find an environment thriving with opportunities, as well as like-minded peers ready to help and guide. All clubs and cells also publish magazines and reports regularly to help students stay abreast of the latest happenings in their fields. The clubs and cells are managed by a team of coordinators from both the first and second year. This entire team is led by the General Secretary of the Student Council.
Security Security is of top priority for the Institute. IIFT uses intrusion detection and prevention systems, firewalls, anti virus system, and content filtering system at all levels of the infrastructure. All incoming emails are scanned for threats at the gateway level.
In-house development IIFT has developed several enterprise applications in-house using .NET, ASP, Oracle and SQL software platforms. Besides, a Campus-Wide application is used, which caters to and simplifies several office-and-student-related activities. Apart from other official application, academic resource portal accessible to students all over the country, offers the faculty a platform to post the latest course material, white papers, power point presentations, on-line quiz, assignment submission, grading, feedback, etc.
Campus Life Since the batch strength is small, the bonding between students is very high and everybody on campus knows everybody else. One of the special highlights of campus life is the celebration of all festivals with great gusto and loads of energy. Be it Biryani on Eid, fireworks and Rangolis on Diwali, or Dhol and bonfires on Lohri, these celebrations form an integral part of the student culture.
Location IIFT is within 15 minutes of some of Delhi’s most happening malls, 2 multiplexes , Hauz Khas Village for art lovers, and other legendary establishments like Rajinder Da Dhaba and Karims for foodies, 2 parks and one of India’s most haunted locations (Sanjay Van again). We can safely conclude that despite being only 6 acres in size, there is no dearth of places to go for IIFTians.
Selection Procedure IIFT follows a rigorous procedure to make sure that only the crème-de-la-crème makes it to the institute. IIFT conducts its own paper-pencil based entrance examination, conducted every year on the last Sunday of November, which started off way back in 1981. Around 60-70,000 students write the IIFT entrance examination every year, with 1000 odd candidates being given a call for the essay-GD-PI round. Finally around 250 odd students make it to both the campuses combined, making IIFT one of the most selective institutes in the country.
Student Achievements The competition culture at IIFT is very strong, backed by a strong showing in major corporate competitions over the years:
- CFA Global Institute Case Research Challenge, National Winners, 2011 and 2013
- Mahindra War Room, Winners – 2010,
- National Top-7, 2013 and 2014
- Reckitt Benckiser’s Mavericks Case Challenge, National Runner-Up, 2014
- Du Pont – Power of Shunya – National Winner, 2014
- Nokia Networks – Wipro Challenge: National Winners, 2014
- GE Genius – National Top 6, 2014
- PepsiCo Become Indra Nooyi’s Advisors – National Semi-Finalists, 2013 and 2014
Placements The Placement Committee is a eleven member body of elected representatives. There are 14 members in committee and 8 from Delhi campus and 6 from Kolkata campus. It is headed by a convener who is selected after a rigorous interview.
Purpose The purpose of Placement Committee is to ensure good final and summer placements for the students of the full time MBA (IB) programme. To this end, it makes representations to Human Resource departments of various organizations, and arranges placement week / interviews and selection procedures for IIFT students.
Functions The functions of the placement committee are:
- To make representations to Human Resource departments of companies, inviting them to conduct placement processes for IIFT students.
- To organize Pre-Placement Talks by companies at the IIFT campus.
- To organize Group discussions, Interviews and other selection activities of companies for IIFT students.
- To organize a placement week for lateral and final placements at the IIFT campus.
- To decide slotting of companies for the placement week in consultation with the batch.