Indian Institute Of Foreign Trade, New Delhi (iift, New Delhi)

College Name:	Indian Institute of Foreign Trade, New Delhi (IIFT, New Delhi)
City:	New Delhi
Fees:	8.75 Lakhs
Courses Offered:

IIFT Delhi: Indian Institute of Foreign Trade

History

The Indian Institute of Foreign Trade (IIFT) is indeed a prestigious institution in India with a significant focus on international business and trade.

Establishment and Purpose: IIFT was established in 1963 as an autonomous body under the Ministry of Commerce & Industry, Government of India. Its primary purpose is to contribute to the skill-building for the external trade sector of India.

Deemed to be University: In 2002, IIFT was granted "Deemed to be University" status, which signifies its recognition as an institution of higher education with the autonomy to confer degrees.
Accreditations: IIFT received Grade 'A' accreditation from the National Assessment and Accreditation Council (NAAC) in 2005 and again in 2015. This recognition reflects the institution's commitment to quality education and research.
AACSB Accreditation: On 17th November 2021, IIFT achieved the prestigious AACSB Accreditation. This accreditation is a significant milestone as it places IIFT among the top 900+ business schools globally that have earned this recognition. AACSB accreditation is known for its rigorous standards and signifies excellence in business education.
Focus on International Business: IIFT's core focus is on international business management and strategy. This emphasis is reflected in all its major activities, including research, training, and education.
Research and Training: IIFT is involved in research and training related to international trade and business. It plays a crucial role in providing expertise and knowledge in these areas, contributing to India's external trade sector.

National University: Over the years, IIFT has emerged as a national university, and its reputation extends beyond India's borders, given its international business focus.

Campus

The Indian Institute of Foreign Trade (IIFT) Delhi campus is indeed situated in the Qutub Institutional Area, offering a picturesque view of the lush green ridge and the historic Qutub Minar. The campus spans approximately 6.5 acres of land and includes two academic blocks, which house classrooms, lecture halls, and administrative offices. Additionally, there are two residential blocks that accommodate both students and visiting faculty members.

COURSE

DURATION

ELIGIBILITY

FEES (INR)

MBA (INTERNATIONAL BUSINESS)

2 Years

Graduation + CAT

21,77,314/-

(Total Fees)

MBA (BUSINESS ANALYTICS)

2 Years

Graduation + 5 years of Work Experience + CAT/GMAT

17,16,506/-

(Total Fees)

MBA (INTERNATIONAL BUSINESS)– WEEKENDS

2 Years 6 Months

Graduation + 3 years of Work Experience

8,75,000/-

(Total Fees)

MBA in International Business (Online)

2 Years

Graduation

4,45,000/-

(Total Fees)

IIFT Admission Process:

For General/SC/ST/PH/OBC-NCL/EWS Candidates:

Candidates are evaluated based on their valid CAT 2023 Score, Group Discussion, Interview, and other defined parameters.
Shortlisted candidates for the second round of the admission process will be invited for Group Discussion and Interview, scheduled to be held in March/April 2024.
The Group Discussion and Interview sessions will take place in multiple cities, including Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, Lucknow, and Mumbai. Please note that IIFT reserves the right to add or delete any center as necessary.

For Foreign Nationals/NRI:

Admission is based on the General Management Aptitude Test (GMAT) and interview.
For the MBA 2024-26 batch, GMAT results should not have been declared before 1 January 2022 and must be received by the Institute no later than 15 March 2024.
The last date to submit the application fee is 15 March 2024.

Rankings & Approvals:

India Today:

IIFT Delhi's MBA program ranked 9th out of 272 colleges in India in 2023, improving from its 10th position in 2022.

NIRF:

IIFT Delhi's MBA program ranked 27th out of 125 colleges in India in 2023, slightly lower than its 24th position in 2022.

Outlook:

According to Outlook, IIFT Delhi's MBA program ranked 15th out of 29 colleges in India in 2021, maintaining its position from the previous year, which was 15th out of 32 colleges in 2020.

IIRF:

IIFT Delhi's MBA program secured the 7th position out of 46 colleges in India in 2024, showing improvement from its 9th position in 2023.

The Times Of India:

The Times Of India ranked IIFT Delhi's MBA program as the 7th out of 100 colleges in India in 2024, compared to its 4th position in 2023.

IIFT Delhi Highlights:

Established Year: 1963
Campus Size: 6 acres
MBA (IB) Fees: INR 21.77 lakhs
MBA (IB) Intake: 258
NIRF Ranking 2023: 27
Number of Courses: 29
Number of Faculty: 75
Scholarship:

- 50% concession in tuition fees for ST/SC/PwD candidates.
- Merit-based scholarships for candidates with family annual income below 8 lakhs.

Highest Package 2023: INR 85.4 LPA
Total Recruiters: 108
Top Recruiters: Accenture Strategy, Deloitte Consulting, EY, Infosys, EXL, McKinsey, Reliance, Godrej, Goldman Sachs, Google, ITC, JP Morgan Chase & Co, L’Oréal, and more.

IIFT Delhi Placements 2023 Report

The placement report for the batch of 2021-23 at IIFT Delhi showcases remarkable achievements:

Total Recruiters: 108
New Recruiters: 36
International Positions: 17+
Percentage of PPOs: 39%
Highest International CTC: INR 85.4 LPA
Highest Domestic CTC: INR 76.5 LPA
Average CTC: INR 29.1 LPA
Median CTC: INR 26.5 LPA
Increase in Average CTC: 16%
Increase in Median CTC: 8.5%
Increase in Domestic CTC: 62%
Top Recruiting Domain: Sales & Marketing
Major Sector: Professional Services
Top Recruiters: Amul, Bajaj Auto, Becton Dickinson, Cipla, Dabur, Emami, Games24x7, Godrej, ITC, Landmark Group, Merino, Nucleus Software, etc.

During the 2023 placement season at IIFT Delhi, a diverse pool of 108 recruiters visited the campus, welcoming 36 new associations. The placements witnessed the offering of more than 17 international positions, and an impressive 39% of students received pre-placement offers based on their summer internships.

The highest international package reached an astounding INR 85.4 LPA, while the highest domestic package stood at INR 76.5 LPA, indicating a notable 62% increase in domestic CTC. The average package soared to INR 29.1 LPA, reflecting a commendable 16% growth compared to the previous year. Moreover, there was an 8.5% enhancement in the median CTC, which stood at INR 26.5 LPA.