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What are the chances of converting IIFT DELHI through waitlist if I opt out from IIFT KOLKATA with a percentile of 99.3%?
Only a small part of the total score, which is made up of the GD, PI, WAT, and entrance test, comes from the percentile. The total score is derived as follows:
- Entrance exam: 55%
- GD: 10%
- WAT: 10%
- PI: 23%
- Gender diversity: 2%
Even though the most important part is the entrance test, it's hard to say that with a certain percentile, you're sure to get into IIFT Delhi.
Which would be the best choice among IIFT Kolkata, IIM Trichy and other new IIMs for someone with strong interests to pursue a career in finance?
IIM Trichy is an ideal choice for pursuing a career in Finance. Many reputed banks visit the campus for recruitment like Citi, ICICI Bank, and YES Bank. This year the Finance sector accounted for 15%of the total placements. The highest CTC stood at INR 20 LPA whereas the average CTC stood at INR 17.67 LPA.
The IIFT program of Kolkata may have an upper hand due to its location but it’s not at par with IIM Trichy. If you are interested in the program I suggest you go for the New Delhi one.
The new IIMs are somewhat similar to Trichy but they won’t help you kickstart a career directly in finance. You might have to take baby steps to enter the Finance sector. So it’s best if you choose IIM Trichy only.
Should I join IIFT Kolkata given the current covid scenario?
You must decide the reason before going for MBA - is it sluggish career growth or do you want to upskill or diverting career to management/ entrepreneur.
IIFT Kolkata is no less than IIFT Delhi. There are central placements for both campuses. The majority of the companies do not differentiate students based on campus. Therefore, the opportunities for both campuses are similar, other than the fact that the NIRF Ranking for Management 2020 of IIFT Delhi being at 26th rank.
IIFT in Covid Times
- IIFT Kolkata offers a two-year MBA (IB). The macroeconomic situation of the country is hard to predict. The expectation is to recover in the coming years. By the time you graduate, the placements are to show positive trends as per expectations.
- The intake of IIFT is small as compared to other B-Schools. So, it's an advantage especially, at the Covid-19 times when things are going virtual.
- The Summer Internship (SIP) might not be the best, but IIFT is a prestigious institute having good relationships with several renowned companies. So, a high probability that IIFT will be on their list of recruitment. The profile might not be your dream. But in the long run, it will turn out to be beneficial.
The placements are secondary for an MBA. The main thing is the objective of your MBA. If you look forward, joining IIFT is an excellent choice.
How do I get an admission in IIFT, Kolkata?
If you are interested in pursuing a Master of Business Administration (MBA) program at the Indian Institute of Foreign Trade (IIFT) in Kolkata, there are a few steps you will need to take to apply for admission:
- Check eligibility criteria: The minimum eligibility criteria for the MBA program at IIFT Kolkata is a Bachelor's degree from a recognized university with a minimum of 50% marks. Additionally, you must have appeared for any of the following entrance exams: CAT, XAT, GMAT, or IIFT entrance exam.
- Register and apply online: You will need to register and apply online through the official website of IIFT. During the application process, you will need to provide personal information, educational qualifications, and work experience (if applicable). You will also need to upload scanned copies of your documents, photograph, and signature.
- Pay the application fee: The application fee for the MBA program at IIFT Kolkata is typically around INR 2,500 for general category candidates and INR 1,000 for SC/ST/PWD candidates.
- Attend the selection process: The selection process typically includes a written test, group discussion, and personal interviews.
- Receive admission offer: The institute will release a list of selected candidates. If you are selected, you will receive an admission offer from IIFT Kolkata.
It is important to note that the admission process for IIFT Kolkata can be highly competitive, and it is recommended to start preparing for the entrance exams well in advance. Additionally, it is important to keep track of the important dates and deadlines for admission and to ensure that all required documents and fees are submitted on time.
Does IIFT Kolkata consider past academic records?
IIFT does not assign specific weightage to 10th,12th, or Bachelor’s scores. It also does not assign specific weightage to work experience.
However, the interview panel does look into the past academic performance of a candidate. While shortlisting candidates, their past academic records and interview performance are both valued.
Basically, a good academic record will make it easier for you to get into IIFT Kolkata. But there isn’t any specific weightage assigned to it.
Which is better, IIFT Delhi, IIFT Kolkata, or IIFT Kakinada?
Among all the campuses, IIFT Delhi is the best option. The Delhi campus is the oldest and offers better facilities. In terms of academics and placements, there is no such difference between different IIFT campuses. Students from all three campuses get equal opportunities. But, due to the location advantage of the Delhi campus, it's easier to get placements, internships, and projects. During IIFT Delhi placements 2022, the median CTC offered was INR 24 LPA. Major MNCs like Accenture, Deloitte, Raymond, TCS, etc. visit the IIFT placements.
What is the reason for the difference in placement opportunities between the IIFT Kolkata and Delhi campuses?
Location, industry connections, and alumni network affect IIFT Kolkata and Delhi placement possibilities.
- Location: Many of the region's top enterprises and organizations are near IIFT Delhi's campus in the city centre. This helps students network with possible jobs. However, IIFT Kolkata's remote location may make it harder for students to get jobs and network.
- Industry connections: IIFT Delhi has been founded longer than the Kolkata campus and has had more time to form links with important firms and organizations. This suggests that Delhi's industrial links may improve student placement.
- Alumni network: Current students can benefit from IIFT Delhi's wider alumni network. This network helps graduates find internships and jobs. Kolkata's alumni network may not be as large or well-established as Delhi's.
Placement prospects depend on each campus's programs and courses and students' success. However, the foregoing characteristics can influence student placement at each site.
How is IIFT Kolkata when compared to NMIMS?
NMIMS Mumbai is a better college for Finance, Consulting, and Marketing. It is more recognized in the industry and more a number of recruiting companies. NMIMS placements 2022 concluded with an average CTC of INR 23.07 LPA. More than 60+ Fortune 500 companies took part in the campus drive. The job roles offered at NMIMS are also better compared to IIFT K.
Located at the Financial epicenter of the country, Mumbai, the institute offers better exposure. Overall, NMIMS offers a better MBA experience.
Which is better between IIFT Kolkata and SJMSOM?
IIFT Kolkata ranked 31st in India 2019 and the only institute that has been consistently ranked among the top 10 B-Schools in the country.
SJMSOM ranked 11th in the management category in the NIRF Rankings 2020. The institute consists of a faculty strength of 30 members.
Admission process:-
IIFT Kolkata
- Minimum of 50% marks in a bachelor’s degree.
- The cutoff required in the GMAT exam for this course is 115-118 out of 300.
- The total fees required is INR 7.6 LPA.
- The total intake is 140.
SJMSOM
- A graduation degree in any subject with a minimum of 60% marks from a recognized university.
- The candidates will be shortlisted based on the written test and personal interview conducted by the institute.
- The cutoff required in the CAT, XAT, GMAT exams is 90.
- The fees required is INR 9.61 LPA.
- The total intake is 152.
Placements
IIFT Kolkata always maintains 100% placements every year. The highest package received is INR 1.5 crore in 2019.
SJMSOM witnessed 100% placements yet again in the 2019-20 placement drive. The institute also saw a steep hike of 14% in the average salary since last year.
The table given below shows the placement statistics of both institutes:
|
Categories |
IIFT Kolkata |
SJMSOM |
|
Placement percentage |
100% |
100% |
|
Highest package |
INR 1 Crore |
INR 32.8 LPA |
|
Average package |
INR 20.07 LPA |
INR 20.98 LPA |
The top recruiters are Axtria, Polycab, Zomato, Paytm, Google, PwC, L&T, JP Morgan, Accenture, etc.
Facilities
- IIFT Kolkata is a veritable storehouse of information and includes almost 3780 books in all the areas relevant to management.
- The labs at IIFT Kolkata are well equipped with the latest computer technology with Wifi enabled facilities.
- The library of SJMSOM has a total of 6638 books and 851 journals on relevant topics.
- SJMSOM has two computer labs for the management programs and are connected to 100 Mbps LAN.
IIFT Kolkata is essentially a B-School offering MBA in various disciplines like marketing, finance, strategy, etc. SJMSOM is an IIT and not a traditional B-School but is quickly finding its way into the top bracket.
IIFT Kolkata provides a lot of opportunities to initiate new developments and contribute to the new campus. Although SJMSOM might have better placements in technology and other allied sectors, IIFT Kolkata is arguably a better business school than SJMSOM.
Which would be a better choice of B school between New IIMs (Ranchi, Raipur, etc.), MDI, IIFT Kolkata, IIT-B (SJMSOM) with finance as a specialization?
Among these colleges, IIFT Kolkata or MDI will be better for Finance. According to MDI Gurgaon placements 2022 record, BFSI, and E-Commerce sectors had placement rates of 22% and 13%. During 2021 placement drive, 55 students from MDI were placed in the Finance sector. The highest CTC offered in this sector was INR 21-23 LPA.
You can also consider IIFT Kolkata. It offers similar opportunities as IIFT Delhi, in the Finance sector. During IIFT Kolkata Summer placements 2021, the top recruiting sector was BFSI.
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