Indian Institute of Foreign Trade (IIFT)
Indian Institute of Foreign Trade (IIFT) is an autonomous public business school. It has chosen West Bengal as the region to establish its first-ever campus outside Delhi. IIFT Kolkata, established in the year 2006, located in Salt Lake City. Its flagship program is the Master of Business Administration in International Business. It is the only institute among the top 10 business schools in India that offers this program. IIFT has been consistently ranked among the Top 10 B-Schools in the country.
IIFT Courses & Fees Structure 2024
IIM Udaipur (Indian Institute of Management Udaipur) is one of the new IIMs, established by the Government of India (GOI) in 2011. IIM Udaipur fees for batch 2023-25 is INR 20.43 Lakhs, and the average package for class of 2023 was secured at INR 20.09 LPA.
IIFT Important Date
The following table represents the IIFT Important Date for the batch 2023-24:
MBA-IB | |
---|---|
IIFT Exam Registration | 1st October - 14th November 2022 |
Last Date to Apply for MBA-IB | 11th November 2022 |
IIFT Form Correction window | 16th - 20th November 2022 |
IIFT Admit Card | November 2022 |
IIFT Entrance Exam | 18th December 2022 |
IIFT Result | 3rd or 4th Week of Janurary, 2023 |
IIFT Shortlist Release Date | January 2023 |
IIFT GD-PI-WAT | February - March 2023 |
Final Admission Offer | May 31, 2023 |
IIFT Fees, Courses, and Eligibility Criteria 2024
IIFT Kolkata Courses
IIFT has a rigorous curriculum and has been ranked the 2nd ranked institute in India in terms of its pedagogy. The courses are designed to put an international focus along with mandatory foreign language course. Following are the courses offered at Kolkata Campus:
Course | Fee |
---|---|
MBA | ₹8.75 Lakhs (Total Fees) |
Certification | ₹75,000 (Total Fees) |
Ex-PGDM | ₹4.45 Lakhs (Total Fees) |
IIFT Hostel Fees 2024
INDIAN INSTITUTE OF FOREIGN TRADE
Hostel Fee Details for the Academic Year 2022-23
Trimester wise fee details of hostel for the Academic Year 2021-22 is as follows:
1 Single Occupancy Rs. 54,000 per trimester
2 Double Occupancy Rs. 45,000 per trimester
3 Triple Occupancy Rs.36,000 per trimester
IIFT Admission 2024
The Indian Institute of Foreign Trade (IIFT) is ranked 27 among the Top B-Schools by NIRF 2022. With an ‘A’ grade accreditation by NAAC, the institute is considered best for Finance. It provides admission to full-time and part-time MBA. Moreover, it is the only one among the top 10 Business Schools in India that offers MBA in International Business.
Shortlisting for full-time MBA is based on the IIFT Written Test. This year it was conducted by NTA. IIFT written test throws bigger competition as compared to CAT. This is because it contains GK section. The final selection depends upon Essay Writing, GD and PI.
IIFT MBA Admission 2023
Applicants who desire to take admission in MBA can refer to the following section.
IIFT Kolkata offers MBA as the flagship course.
Based on the report, the majority of previous year’s students were from Engineering background. Also, the female to male ratio was 32:68.
IIFT Kolkata Full-Time MBA Admission 2023
Here is a brief description of Full-Time MBA for those who are seeking admission in it:
Duration | 2 years |
Specializations | International Business |
Course Fees |
|
Mode of Application | Online |
Application Fee |
|
Intake | 140 |
Selection Criteria | Written Test, Essay Writing, GD and PI |
IIFT Full-Time MBA Eligibility
To apply for the course, one must possess the following eligibility:
- Candidates must have a Bachelor’s degree with at least 50% marks (45% for SC/ST/PWD candidates)
- Final year candidates are also eligible
- There is no age limit to apply for the course.
Eligibility for Foreign Candidates
- Interested candidates must have a valid score in GMAT
- Also, they must produce their Residential proof.
IIFT Full-Time MBA Selection Criteria
- Firstly, the institute shortlist candidates on the basis of IIFT Written Test.
- The test will be conducted in the following cities Ahmedabad, Allahabad, Bengaluru, Bhubaneshwar, Chandigarh, Chennai, Coimbatore, Dehradun, Delhi, Guwahati, Hyderabad, Indore, Jaipur, Jamshedpur, Kochi, Kolkata, Lucknow, Mumbai, Nagpur and Visakhapatnam in the month of November.
- Those who qualifies the test are called for Essay Writing, GD and PI rounds.
- The above 3 rounds will be held in January/February.
- IIFT Kolkata final selects applicants based on the score of the written test and performance in essay writing and GDPI.
- The selected candidates will have their names in the merit list.
- Additionally, the institute will intimate them about their selection through an email.
Foreign Candidates are selected on the basis of valid score in GMAT exam.
IIFT Selection Centers
There are various centers across India where selection round will be conducted. The names of cities are given as follows:
- Bengaluru
- Chennai
- Delhi
- Hyderabad
- Kolkata
- Lucknow
- Mumbai
Weightage for Selection Process
It is important to know the weightage of the selection process. Therefore, students can take a look at the table below displaying the weightage of all rounds on which the selection depends.
Rounds | Weightage |
---|---|
IIFT Written Test | 65% |
Group Discussion | 15% |
Personal Interview | 20% |
Cut off of Written Test
IIFT MBA cut off score of written test for different categories is given in the table beneath.. Referring to the last years’ trends, cut off is expected to increase this time.
Categories | Cutoff |
---|---|
General | 30.5 |
OBC | 35.5 |
ST | 22.69 |
SC | 20.02 |
PwD | 23.69 |
Furthermore, the sectional cutoff of written test for this year and previous year is given as follows. It is necessary to meet the sectional cutoff otherwise the institute will not shortlist applicants for admission.
Section Name | Cutoff for 2019 | Cutoff for 2018 |
---|---|---|
General Awareness | 0.85 | 0.80 |
Verbal Ability | 3.5 | 3.5 |
Reading Comprehension | 2.5 | 4.5 |
Quantitative Aptitude | 4 | 4.5 |
Logical Reasoning | 5 | 3.0 |
Data Interpretation | 3 | 1.75 |
Reservation of Seats
As per the Government of India norms, there are a certain number of seats fixed for different categories in the institute. The table shows the percentage of seats reserved for various category students:
Categories | Percentage of Seats Reserved |
---|---|
General | 36% |
Other Backward Class (NC-OBC) | 27% |
Scheduled Caste (SC) | 15% |
Scheduled Tribe (ST) | 8% |
Economically Weaker Section (EWS) | 10% |
Person with Disability (PwD) | 5% |
IIFT Kolkata Part-Time MBA Admission 2023
Refer to the table in order to gain information about the part-time MBA course:
Duration | 2.6 years |
Specialization | International Business |
Course Fees |
|
Mode of Application | Online |
Selection Criteria | Essay Writing, GD and PI |
IIFT Kolkata Part-Time MBA Eligibility
Candidates who are seeking admission in this course must possess the following eligibility:
- A Bachelor’s degree from any recognized university or institute
- Minimum 3 years of work experience after graduation in managerial cadre.
- Sponsored candidates have to produce Company sponsorship or No Objection Certificate from the employer.
- There is no age limit to apply for the course.
IIFT Kolkata Part-Time MBA Selection Criteria
- Selection of students is based on 3 stages and they are Essay Writing, Group Discussion and Interview.
- Those who qualify all the above stages are selected for admission.
- The Interview will be held at New Delhi campus.
IIFT Kolkata MA (Economics) Admission 2023
IIFT Kolkata has introduced two years full-time MA in Economics. The course offers specializations in Trade and Finance. Candidates have to pay course fees of INR 3,65,000/- for admission. There is a 50% concession on tuition fees for SC/ST/PWD candidates.
The selected applicants have to register on the day of commencement of the course.
The admission authority will intimate the Admission Process soon.
How to Apply for IIFT Kolkata 2023
IIFT Kolkata has introduced two years full-time MA in Economics. The course offers specializations in Trade and Finance. Candidates have to pay course fees of INR 3,65,000/- for admission. There is a 50% concession on tuition fees for SC/ST/PWD candidates.
The selected applicants have to register on the day of commencement of the course
The admission authority will intimate the Admission Process soon.
The application form of MBA course will be available online. Eligible students can follow the below-listed steps to apply for the course.
- Go to the newly released website by NTA i.e. iift.nta.nic.in
- Click on the “New Registration” tab.
- Now enter basic details such as name, gender, email id, phone number, etc.
- As soon as you enter the above details, you will receive login credentials on your email id.
- Log in using the application number and password.
- Proceed to fill the application form with personal, contact and qualification details.
- After filling, upload the documents in the prescribed format.
- Now pay the required amount of application fees.
- Finally, save and submit the application form.
- Also, take a printout of filled application form for future reference
Candidates need to upload the following documents in their applications:
- Scanned passport sized photograph in JPG/JPEG format (size between 10 kb–200 kb)
- Scanned signature in JPG/JPEG format (size between 4 kb–30 kb)
- Scanned copy of Category certificate in JPG/JPEG format (size between 50 kb–300 kb)
Documents Required
A list of documents need to be enclosed along with an application form which includes:
- Class 10th and 12th Marksheets and Certificate
- Graduation Marksheets and Degree Certificate
- Category Certificate (For SC/ST/OBC candidates)
- Certificate of Disability (For PWD candidates)
- Certificate of Work Experience (if any)
- Company Sponsorship or No Objection Certificate (In case of Company-Sponsored candidates)
IIFT : Placement
IIFT Kolkata Placements 2023 has been concluded. IIFT highest package stood at INR 85.40 LPA whereas IIFT average package stood at INR 29.1 LPA. The highest number of offers came from the Sales & Marketing domain (22%) followed by the Consulting domain (20%). A total of 108 recruiters participated in IIFT Kolkata Placements 2023. Some of the top recruiters included Adani Group, Cargill, Diageo, Client Associates, Edelweiss etc.
IIFT Kolkata has also released the final report of 2024 summer internship placement drive. IIFT highest stipend stood at 4.40 Lakhs while IIFT average stipend stood at INR 2.63 Lakhs. The highest number of offers came from the Sales & Marking domain (33%) followed by the Finance / IB domain (20%).
IIFT Placements 2023 Report :->>>
IIFT Placement report of the academic batch 2021-23 is mentioned below:
Particulars | Placements Statistics 2023 | Placements Statistics 2022 | Placements Statistics 2021 |
---|---|---|---|
No. of Recruiters | 108 | 82 | 117 |
No. of New Recruiters | 36 | 26 | 35 |
Batch Strength | - | 392 | 334 |
Highest International CTC | INR 85.40 LPA | INR 80 LPA | - |
Highest Domestic CTC | INR 76.5 LPA | INR 46.5 LPA | INR 46.45 LPA |
PPOs | 39% | 34% | - |
Average CTC | INR 29.1 LPA | INR 25.16 LPA | INR 21.08 LPA |
Median CTC | INR 26.5 LPA | INR 24 LPA | INR 20 LPA |
Average CTC of Top 50% | INR 37 LPA | INR 29.7 LPA | - |
Average CTC of Top 25% | INR 46.5 LPA | INR 34.3 LPA | INR 25.22 LPA |
Average CTC of Top 10% | INR 62.6 LPA | INR 41.8 LPA | INR 29.14 LPA |
Average CTC of Females | - | INR 25.75 LPA | INR 22.57 LPA |
Average CTC of Males | - | INR 24.97 LPA | INR 20.25 LPA |
Major Domains | Sales & Marketing (22%) | Consulting & Finance | Sales & Marketing |
Top Recruiters | Adani Group, Cargill, Diageo, Client Associates, Edelweiss | Accenture, Axis Bank, Asian Paints, Cipla | Crisil, DE Shaw & Co, Goldman Sachs, HDFC Bank |
During IIFT Placements 2023, 108 recruiters participated. Some of the top recruiters included Adani Group, Cargill, Diageo, Client Associates, Edelweiss etc. The highest international salary offered was INR 85.40 LPA & the higest domestic salary offered was INR 76.5 LPA. The average salary stood at INR 29.1 LPA & the median salary stood at INR 26.5 LPA. Top 25% of the students received an average salary of INR 46.5 LPA. The highest numner of offers came from the Sales & Marketing domain (22%) followed by the Consulting domain (20%).
During IIFT Kolkata Placements 2022, 392 students participated. The maximum percentage of students were placed in the consulting & finance domain. Around 82 recruiters participated in the placement drive among which 26 were first-time recruiters. Some of the recruiters like Accenture, Cognizant, Axis Bank, Deloitte, etc, participated in the placement drive of 2022.
The highest International CTC of INR 80 LPA was offered to the students whereas the highest domestic CTC stood at INR 46.5 LPA and the average and median CTC stood at INR 25.16 LPA and INR 24 LPA respectively. Top 10% average salary stood at INR 41.8 LPA, top 25% average salary stood at INR 34.3 LPA & top 50% average salary stood at INR 29.7 LPA. The average salary of male students stood at INR 20.25 LPA & average salary of female students stood at INR 22.57 LPA.
IIFT : Scholarship
Indian Institute of Foreign Trade, Kolkata offers Need Based Scholarship to those who have taken the loan and whose family income is less than INR 4.5 LPA. In this scholarship, the institute pays the interest subsidy on the loan for the next 27 months from the time the loan is taken from the bank.
Other than this, the Government of India also provide various Scholarships and they are:
- Merit Cum Means Scholarship – Minority Communities
- Central Sector Scholarship for Top Class education - SC students
- Scholarship for Higher Education – ST students
IIFT FAQ
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