Indian Institute of Foreign Trade (IIFT) | Premier Business School for International Trade

About Indian Institute of Foreign Trade

The Indian Institute of Foreign commerce (IIFT) is a distinguished business institution in India that specialises in international business and commerce. IIFT was established by the Government of India in 1963 with the objective of professionalising the country's foreign trade administration and increasing exports. This is accomplished through the development of human resources, the generation, analysis, and dissemination of data, and the conduct of research.

The Government of India established IIFT predominantly as a think tank to analyse and develop the country's foreign trade policies and strategies. It has evolved into a prominent business school over the years, providing a variety of postgraduate, doctoral, and certificate programmes in the areas of international business, commerce, and economics.

Campuses

Delhi Campus: The primary campus is situated in Delhi and spans six acres in the Qutab Institutional Area. It is the location of the administrative offices, lecture halls, computer laboratories, library, hostels, and residential accommodations for faculty.

Kolkata Campus: The Kolkata campus was established in 2006 with the objective of meeting the educational requirements of pupils from the eastern and northeastern regions of India. It provides state-of-the-art facilities that are comparable to those at the Delhi campus.

IIFT has recently expanded its campus in Kakinada, Andhra Pradesh, as part of its endeavours to extend its accessibility to a broader range of students and professionals throughout India.

IIFT offers its students access to world-class facilities:

Library: The IIFT library is one of the most comprehensive repositories of information on international business and commerce in India. It is home to a vast array of digital resources, journals, and publications.

Computer Laboratories: The computer laboratories are equipped with the most recent software and hardware to facilitate the learning and research activities of students.

Hostels: The institute provides its students with hostel facilities, which are designed to create a comfortable and conducive environment for student learning and personal growth.

Auditorium and Conference Rooms: These facilities are utilised for seminars, conferences, and guest lectures by distinguished individuals from academia and industry.

IIFT has collaborated with numerous international universities and institutions. These partnerships facilitate the exchange of students and faculty, collaborative research initiatives, and global exposure for the students. Some of the most notable collaborations include the World Trade Organisation (WTO), United Nations Conference on Trade and Development (UNCTAD), and International Trade Centre (ITC).

Ranking and Accreditation

NIRF 2024 Ranking: #15
Business Today (BT) India’s Best B-Schools: #7
Times Ranking: #7

Indian Institute of Foreign Trade Courses & Fees

Courses	Duration	Fees	Seats
MBA International Business	2 Years	21.77 Lakhs	240
MBA Business Analytics	2 Years	17.17 Lakhs	60
MBA International Business Part Time	2 Years 6 Months	8.75 Lakhs	-
Ph.D	6 Years	-	-

MBA

The Indian Institute of Foreign Trade (IIFT) offers a prestigious MBA in International Business, designed to develop professionals in global trade and business management. The course covers a wide range of subjects, including international marketing, trade logistics, and financial strategies, aimed at preparing students for leadership roles in international business environments. With a strong focus on practical exposure, IIFT provides students opportunities for industry interactions, internships, and case studies. Admission to the program is through a rigorous entrance test (IIFT exam), followed by a group discussion, writing skills test, and personal interview. IIFT's MBA program is highly regarded for its global perspective and placement success across top multinational companies.

Summer Internship

Highest Stipend: 4.5 Lakhs
Average Stipend: 2.67 Lakhs

Approval Body & Accreditation

Indian Institute of Foreign Trade Admission Process

The Indian Institute of Foreign Trade (IIFT) admission process typically consists of several phases, as detailed below. It is advised that the most up-to-date information be obtained by consulting the official IIFT website or their most recent notifications, as the specifics may differ marginally from year to year.

1. Eligibility Criteria

Before applying, candidates must ensure they meet the eligibility criteria:

Educational Qualification: Candidates must verify that they satisfy the eligibility requirements prior to submitting an application:
Age Limit: There is no age limit for the application.

2. Application Process

Online Registration: Candidates need to register online on the IIFT website.
Application Form: Fill out the online application form with personal, academic, and professional details.
Application Fee: Pay the application fee online. The fee amount and payment modes will be specified in the admission notification.

3. Entrance Exam

IIFT Entrance Test: This is a national level exam conducted by the National Testing Agency (NTA). The exam usually takes place in December.
Exam Pattern: The test is generally divided into sections such as Quantitative Analysis, Reading Comprehension & Verbal Ability, Data Interpretation & Logical Reasoning, and General Awareness.

4. Selection Process

Based on the performance in the entrance exam, candidates are shortlisted for further rounds:

Written Ability Test (WAT): Shortlisted candidates may be required to write an essay on a given topic to assess their writing skills.
Group Discussion (GD): Candidates discuss a topic in a group to evaluate their communication, leadership, and teamwork skills.
Personal Interview (PI): Candidates are interviewed by a panel to assess their overall suitability for the program.

5. Final Selection

The final selection is based on a combination of factors:

Entrance Exam Score: Performance in the IIFT entrance test.
WAT, GD, and PI Performance: Scores in the Written Ability Test, Group Discussion, and Personal Interview.
Academic Record: Past academic performance.
Work Experience: Relevant professional experience, if any.

6. Admission Offer

Offer Letter: Candidates who are selected will receive an offer letter from IIFT.
Acceptance: Selected candidates must accept the offer by paying the admission fee and completing other formalities.

7. Commencement of Classes

Once the admission process is complete, classes for the new batch commence as per the academic calendar provided by IIFT.

Indian Institute of Foreign Trade Placement Partners

For its placement procedure, the Indian Institute of Foreign Trade (IIFT) collaborates with a wide variety of esteemed organisations. Google, Goldman Sachs, JP Morgan, McKinsey & Company, ITC, Wipro, Infosys, TATA Group, Deloitte, KPMG, EY, and Amazon are among the organisations that frequently recruit from IIFT. A diverse range of opportunities for students is guaranteed by the presence of these companies, which operate in a variety of sectors, such as finance, technology, FMCG, and e-commerce. The employability and career prospects of its graduates are considerably improved by the institute's emphasis on quality education and skill development, as well as its strong industry connections.