Vikas Gupta's Review on Indian Institute of Foreign Trade, [IIFT] Delhi
Placements and Internships
- My intership is with Amazon (Sales Specialist) for 8 weeks and I will be joining the same in the first week of April. The stipend in around Rs 60k per month. College also promotes NGO training of 3 weeks in the month of december for inculcation the social aspect into very future manager.
- Indian Institute of Foreign Trade (IIFT) achieved 100% placements in record time for its flagship MBA (IB) program.IIFT was the first amongst Top 10 B-School across the country to finish its Final Placements. A total of 81 companies made offers to its largest batch ever, comprising 254 students with the average number of offers per company seeing a considerable increase of around 15% over the previous year. 64 Pre-Placement offers were made to IIFTians. New associations with reputed organisations like 3M, Nivea, Adobe, Pernod Ricard, TGI Group, British Telecom, Synergy Consulting Inc., GM, Maruti Suzuki India Ltd, Swiss Singapore, Hexaware, Concentrix, Tata Sky, Trident, Welspun, Religare, Blue Stone, Michael Page. Multiple roles on offer in E-Commerce sector such as Account Manager, Business Analyst, Financial Analyst, Category Manager, Product Manager, Marketing Manager, Sales Specialist & Operations Manager were the striking feature of the placement season
- Average compensation has seen a tremendous increase of 24% over last year, at Rs 18.01 LPA for the class of 2016. Highest International compensation saw a 36% increase over last year to USD 150,000 PA offered. The highest domestic package drawn stood at an astounding Rs 29 LPA, a rise of 21% over previous year’s highest CTC. 35% of the batch took up offers in Sales and Marketing domain and 29% chose Finance as the domain for starting their careers. BFSI sector had a dominant presence with almost 26% of the batch choosing to start their careers in this growing sector. Amazon and Cognizant Business Consulting together made the highest number of offers followed by JP Morgan and Vodafone. 15 students got international roles with rise in offers across locations such as Nigeria, Peru, Dubai, Singapore.
College Infrastructure and Hostel Facilities
Library
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.
Hostel Facilities
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.
The hostel is fee is around Rs, 1,00,000 for two years. One cannot opt for a PG in full time programme and it is compulsary to stay in hostel but for Foreign exchange programme people, there are easy PG facilities available in Green park and Hauzkhas in around Rs. 7000/- per month.
Mess:
Every hostel has food facility available. The common mess prepares food at one place which is then put up in all 3 hostels with good quality and different menu every day. There is a provision of special food once in a month and Non Veg is offered twice a week and chinese once a week. Mess charges Rs.11,250/- for 3 months together.
Overall, the campus is not as big as other b-schools but all the basic facilities are available here.
Academics and Faculty
- An MBA degree with a focus on International Business and Trade is offered by very few colleges in INDIA and Indian Institute of Foreign Trade is best among those colleges. Case study based teaching is the best way to learn in MBA colleges and IIFT Faculty not only subscribe those case studies but also tries the best to discuss maximum during lectures. College also offers lot of opprtunities related to physical fitness and compulsary Yoga classes in first two trisems is one example of the same. Students attend maximum 4 classes a day with each class is of approximately 2 hours, followed by guest lectures and various assignment and group projects. More than 7 Bllomberg terminal subscription helps students to compete with world's top universities. Indian Institute of Foreign Trade is the only trade college in INDIA.
Fees and Scholarships
- The course consist of 6 trisems overall with duration of 4 months for each. The approximate fee is around Rs. 8,50,000/- per year (Including Hostel and mess charges which are compulsary) which needs to be paid at the end of each trisem according to distribution provided by administration.
- Only students from lower income groups get a chance to apply for scholarship and it is provided on case to case basis. The category students are charged less than 50% of actual fee.
- Approximately 20 students get the benefit of scholarship each year.
- Around 50% of students opt for loan and that is easily possible with State Bank Of India, NCERT Branch which is very near to college. The Rate of interest offered by SBI is also minimum as compared to other banks. Students with work experience of more than 2 months gets benefit of 0.25%.
Clubs and Associations
Students' Council(IMF)
About IMF
This is the IIFT governing students' council which acts as a coordinator for, and provides administrative support to, various student activities and events at IIFT besides taking policy decisions regarding student affairs in consultation with the Director/Chairperson/Program Director. The IMF consists of ten elected members.
Clubs and Cells In IIFT
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.
Following are the clubs:
- Capital, The Finance & Investments Club at IIFT
- Brandwagon, The Marketing Club at IIFT
- Socrates, The Consulting & Strategy Club
- SCOPE, The Supply Chain & Operations Club at IIFT
- Systemix, The Systems Consulting Club
- BLASH, The Trade Club at IIFT
Following are the cells:
- Pharma, Healthcare & Insurance Cell(PHI)
- Africa Business Cell(ABC)
- Equity Research Cell(ERC)
- Insights, The Marketing Research Cell(MRC)
- Koshish – Social Awareness Cell
- Quintessential – The Quizzing Cell
- E-Cell, The Entrepreneurship Cell
Events
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.
Amidst all rigors of academic life, IIFTians definitely know how to live it up once in a while. And when we let our hair down, we party like there’s no tomorrow. Music, ambiance – we got it all. Parties don’t end at dawn….every party is the source of new stories and rumors to keep the students occupied in whatever free time they get.
And once a year we make our signature move with the annual management fest, Quo Vadis, organized by the students and is one of the biggest events in campus. For three days students from top notch b-schools from across India come to IIFT to participate in various management and cultural events. With a lot of cash prizes at stake, Quo Vadis sees the best talent in India converging to the IIFT campus. After a hard day’s work, every night at Quo Vadis is capped off with music performances, dance and revelry.
4.3
Academics & Faculty
4
Fees & Scholarships
4
Placements & Internships
4.5
College Infrastructure & Hostel Facilities
4
Clubs & Associations
5
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Academics & Faculty :
Academics & Faculty : Our classes start at 9:15 AM and run through the day till 6:30 PM. Methodology followed is Case Based and teachers have a wide experience in industry as well as academia. The overall experience is extremely satisfying as we get a holistic growth that goes beyong the realm of lectures and theory. We have numerous clubs and cells ranging from Finance,Marketing,Trade,Opertaions and for the start-ups, we have incubation cell as well.
Verified
Academics & Faculty : The day at IIFT Delhi starts with classes from 9:15 am. In the early days of MBA however, it can start as early as 5 am( you see, MBA rigour ). Lectures are normally of 2 hours duration each interspersed with a gap of 15 mins between any 2 consecutive lectures. Number of lectures in a day vary usually from 1 lecture to 4 lectures. Assignments are a regular feature of most subjects taught here at IIFT and they can vary from a very detailed financial analysis or cost structure analysis to a very lively skid depicting business world scenarios during Mangerial Communication classes. Projects are a part of IIFT's curriculum for almost all the subjects and carry a sizeable weightage for the overall grade in each subject. One or two subjects also feature a mid-term exam while every subject has its
Academics & Faculty : Daily routine classes are aptly scheduled so as to allow the students to have a fresh mind to attemd classes, participate in competition and complete all the assignments and projects. Method of teaching is updated and technology os used regularly. Teachers are of varying quality with most of them being in above satisfactory level. The overall experience is very enriching and learning.
