The Indian Institute of Foreign Trade (IIFT) Delhi is one of the most prestigious business schools in India, renowned for its specialization in international business and trade. Established in 1963 by the Government of India, IIFT Delhi has grown into a world-class institution, offering top-notch education, stellar placement opportunities, and an alumni network spread across the globe.
IIFT Delhi has consistently been a pioneer in shaping future business leaders equipped with a global perspective. The institute is not just a hub of academic excellence but also a breeding ground for innovation and thought leadership in international trade and commerce. For aspirants with a keen interest in global markets, IIFT stands as a beacon of opportunity, providing a blend of rigorous academic training and practical exposure. Here’s everything you need to know about IIFT Delhi, from placements and courses to fees and the admission process.
Courses Offered at IIFT Delhi
IIFT Delhi primarily offers programs focusing on international business, catering to the needs of aspiring professionals who aim to excel in global markets. Below is an overview of the programs available:
1. MBA in International Business (MBA-IB)
- Duration: 2 years (full-time)
- Specializations: Finance, Marketing, Trade & Logistics, Operations, IT, and more.
- Highlights: A rigorous curriculum designed to provide insights into international markets, trade laws, foreign exchange management, and global business strategy.
2. Executive Programs
- Executive Post Graduate Diploma in International Business (EPGDIB)
- Executive Post Graduate Diploma in International Marketing (EPGDIM)
- Executive Post Graduate Diploma in Financial Strategies (EPGDFS)
- Duration: 18 months (part-time for working professionals)
- Highlights: Designed for professionals seeking advanced knowledge in international trade and management.
3. Certificate Programs
- Specialized courses in trade policy, export-import management, and global supply chain management.
- Duration: 3-6 months
- Highlights: Short-term courses offering targeted knowledge for specific domains.
4. Ph.D. Program
- Duration: 4-6 years
- Highlights: Focuses on in-depth research in international trade and management.
Fees Structure
The fee structure at IIFT Delhi varies depending on the program chosen. Below is a breakdown of the costs for the flagship programs:
MBA in International Business (2024-2026)
- Indian Students: Approximately ₹20 lakh (inclusive of tuition fees and other charges).
- NRI/Foreign Nationals: Approximately USD 35,000.
Executive Programs
- Fees range between ₹6-8 lakh for part-time programs.
Certificate Programs
- Fees vary between ₹1-2 lakh depending on the course.
Ph.D. Program
- The fees are nominal, with additional funding and scholarships available for research scholars.
Placement Highlights
IIFT Delhi consistently delivers outstanding placement results, attracting top recruiters from diverse industries. The placement process is a testament to the institute’s strong industry connections and the quality of its students.
Placement Statistics (2023)
- Average CTC: ₹24.76 LPA
- Highest International CTC: ₹75 LPA
- Highest Domestic CTC: ₹46 LPA
- Median CTC: ₹22 LPA
Top Recruiters
- Consulting: BCG, Deloitte, PwC, EY
- FMCG & Retail: ITC, Nestlé, Hindustan Unilever
- Banking & Finance: Goldman Sachs, JP Morgan, Citi Bank
- Technology: Google, Microsoft, Infosys
- Trade & Logistics: Maersk, Tata International
Roles Offered
- International Marketing Specialist
- Trade Analyst
- Supply Chain Manager
- Financial Consultant
- Strategy and Business Development Manager
Admission Process: How to Get Into IIFT Delhi
Getting into IIFT Delhi is a dream for many aspiring MBA students. Here’s a detailed step-by-step guide to the admission process:
1. Eligibility Criteria
- For MBA-IB:
- A bachelor’s degree from a recognized university with at least 50% marks (45% for SC/ST/PwD candidates).
- No age limit.
- For Executive Programs:
- Minimum of 5 years of work experience in managerial or supervisory roles.
- A bachelor’s degree in any discipline.
- For Ph.D.:
- A master’s degree or equivalent with at least 55% marks.
2. Entrance Exam
The IIFT entrance exam is conducted annually by the National Testing Agency (NTA). Key details include:
- Mode: Computer-based test (CBT)
- Duration: 2 hours
- Sections:
- Quantitative Ability (QA)
- Verbal Ability and Reading Comprehension (VARC)
- Data Interpretation and Logical Reasoning (DILR)
- General Knowledge (GK)
- Marking Scheme: +3 for correct answers, -1 for incorrect ones (varies by section).
3. Cut-Offs
- General Category: 115-125 marks (out of 300)
- Reserved Categories: 85-100 marks
- Note: Sectional cut-offs also apply.
4. Group Discussion (GD), Writing Ability Test (WAT), and Personal Interview (PI)
Candidates shortlisted based on the entrance exam are invited for GD, WAT, and PI rounds. These rounds assess communication skills, analytical thinking, and overall personality.
5. Final Selection
The final merit list is prepared considering:
- IIFT exam score: 65%
- GD/WAT/PI performance: 30%
- Academic and professional profile: 5%
Why Choose IIFT Delhi?
- Prestigious Brand: Ranked among the top B-schools in India, IIFT is globally recognized for its focus on international business.
- Unique Curriculum: The specialized focus on trade and international markets sets IIFT apart from other MBA programs.
- Industry Exposure: Frequent interactions with industry leaders, international collaborations, and live projects ensure hands-on learning.
- Location Advantage: Being in Delhi provides access to numerous multinational companies, trade organizations, and networking opportunities.
- Global Opportunities: IIFT’s strong emphasis on international placements and exchange programs ensures a global career trajectory.
Tips to Crack the IIFT Entrance Exam
- Strengthen Basics: Focus on QA and DILR sections as they carry significant weight.
- Read Daily: Improve VARC and GK by reading newspapers, business magazines, and editorials.
- Practice Mock Tests: Regularly attempt mocks to improve time management and identify weak areas.
- Stay Updated: Focus on current affairs, especially related to international trade and business.
- Join Coaching or Online Platforms: Seek professional guidance if required to boost your preparation.
Conclusion
IIFT Delhi is not just a business school but a gateway to global opportunities and a prestigious career in international business. With its robust curriculum, stellar placements, and global exposure, it offers a transformative learning experience for students with big aspirations.
The institute’s dedication to nurturing leaders in global trade is unmatched, making it a preferred choice for those who dream of a career that transcends borders. If you aspire to join IIFT, start preparing early, stay focused, and work consistently toward your goal. With the right strategy and determination, you can secure a seat at this prestigious institution and embark on a rewarding career.