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Which is better for finance: NMIMS Mumbai or IIFT Kolkata? Why?
NMIMS Mumbai is comparably better for Finance specialization. It is a well-recognized name in the Finance sector. Due to the locational advantage, it’s easier to get good exposure and networking opportunities. All big banks and sought-after finance companies visit NMIMS Mumbai placement drive. Even consulting companies offer job roles in the BFSI domain to Finance students. Despite the huge batch size, you can expect good placement opportunities. During NMIMS Mumbai placements 2022, the highest salary package offered in the Finance domain was INR 32 LPA.
How is IIFT Kolkata in terms of placement?
IIFT Kolkata is one of the premier institutes in terms of postgraduate courses in trade & business. Kolkata is the first place where it has chosen to set up its institute apart from Delhi. It has gained a lot of reputation for its international business courses.
Apart from its curriculum; its primary attractive factor is its infrastructure which makes it an even more preferable choice among individuals. The other major details regarding the college are as follows.
Academics:
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It primarily offers postgraduate and certificate courses.
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MBA, Executive MBA, and Ph.D. are the most preferred courses at the institute.
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It is one of the institutes offering a consolidated program for International Business.
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Certifications are offered in Capital & Financial Markets, Global Trade Logistics, and Export Management.
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The admission to the major courses is through a graduate degree and score in CAT/MAT/XAT / GMAT score.
Fees:
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The MBA program is offered at Rs. 7.6 Lakhs while the executive program is at Rs.90 lakh.
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Certificate course fee range between Rs. 75000-Rs. 1 LPA.
Placement Details:
The institute is known for providing 100% placements. The process of placements is in two phases generally, summer and final placements. The details are described below.
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Companies Participated- 98
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Pre Placement offers- 93
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Average Package Offered- Rs. 20.07 LPA
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Total students participated-279
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The co-curricular activities are also a positive point to be focused upon like Blash, Socrates, and Cashonova.
Major recruiters, sector-wise are given below in the table.
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Trade & IB |
ADM, Aegis Resources, Export Trading Group, Tolaram |
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Operations & Logistics |
Amazon, Maersk Line, Freight Tiger, Rivigo |
|
Sales & Marketing |
Airtel, Bajaj Auto, OYO, Value Labs, Swiggy. |
|
IT, Consulting & Finance |
Capgemini, IBM, InfoEdge, UnitedHealth Group, Infosys Consulting |
The highest package to date has been Rs. 1 crore. According to the student reviews the placement rate of the college is great with decent salary packages. It surely qualifies to be on the list while choosing a great college.
If I go for IIFT Kolkata instead of IIFT Delhi, will it make a difference in quality of education and my placements?
No. Minimal difference exists when it comes to placements, but nothing changes when the quality of education is talked about.IIFT Delhi and Kolkata are sister campuses and not separate branches like IIMs are. You will be taught by common professors, get the same degree upon graduating. Both campuses go through the same academic rigor, led by the common administration. Even the competitions open for IIFT Delhi are inherently open for the Kolkata campus as well.
Placements are common, the administration is common, Kolkata has a better infrastructure, they have the same academic rigor in both the campuses, the competitions open for IIFT Delhi is automatically open for Kolkata as well, even if it is written IIFT Delhi in the eligibility criteria of the Corporate competitions.
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Categories |
IIFT Kolkata |
IIFT Delhi |
|
Course Fee |
8-16.25 lakh |
8-16.25 lakh |
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Placement Percentage |
90-100% |
90-100% |
|
Highest CTC |
29 LPA |
20 LPA |
|
Average CTC |
19.23 LPA |
15 LPA |
|
Recruiting Companies |
LOreal, Dell, Phillips, ITC, Shell, HSBC |
Goldman Sachs, JPMC, Unilever, Godrej, TCS, P&G |
Though the placements are common for both the campuses, I have heard that a few companies consider only IIFT Delhi students. You may even face some discrimination outside your campus life, as people are not fully aware of the IIFT structure. Some think that IIFT Delhi and Kolkata are different B Schools operating independently, thus creating the ground for inequity.
Hence, IIFT Kolkata is not a bad choice, but IIFT Delhi has certain privileges. In case you convert to IIFT Kolkata, you will enjoy the common perks as well.
What is the placement like at the IIFT in Kolkata?
IIFT Kolkata placements have been excellent for recent years. It maintained a record 100% placement rate over the last few years. Here are the 2020 placement highlights for the institute.
| Parameters | Statistics |
| Total no of recruiters | 125+ |
| Highest international package | INR 75 LPA |
| Highest domestic package | INR 46.45 LPA |
| Average package | INR 20.48 LPA |
| Average package of top 100 students | INR 29 LPA. |
ITC, City Bank, L&T, Phillips, TATA Sky, L’Oreal, etc. are some of the major recruiters to take part in IIFT placements.
Is IIFT Kolkata worth joining?
This question appears in the mind of every aspirant when he/she gets an admission letter from IIFT-Kolkata after clearing one of the most competitive B-school entrance examinations, leaving him/her perplexed.
Let's look into the salient features of IIFT-K to find if it is worthy or not -
Placements:
- IIFT-D and IIFT-K are 2 sister campuses separated geographically, but operating simultaneously. .Therefore the difference in placements is almost negligible.
- IIFT K witnessed a visit from prestigious brands like Goldman Sachs, JP Morgan Chase, Airtel, GEP, Vodafone, Google, Shell, Amazon, etc., It provides a decent ROI(Return On Investment).
Faculties:
- There is no difference in the teaching standards of IIFT’s sister campuses.
- The IIFT faculties travel to and from Delhi and Kolkata to teach.
- The faculties are handpicked and well experienced.
- They are willing to impart their knowledge and brilliance.
Facilities:
- The newly established campus boasts of the outstanding facilities it provides, which are comparable to other premium B-Schools in India.
- They include a centralized air-conditioned academic block, single occupancy hostels, Wi-Fi enabled campus.
- All the basic amenities are also provided to the students.
Extra-Curricular:
- A number of clubs, cells, and committees operate under the student body of IIFT(Delhi & Kolkata)-IMF(International Management Forum).
- Various competitions and events are held throughout the year, receiving wide participation from premier B schools in India.
Fees:
- The fees of IIFT-K fees is somewhat less as compared to other B-Schools like NMIMS, Mumbai.
- Moreover, IIFT allows students to take the student loan and repay it in the future.
Batch and Alumni:
- The diverse batch profile helps the student to learn by interacting with each other.
- The batch comprises students from premier institutes like IITs, NITs, DTU, BITS, etc., thus bringing the best minds of the country together.
- Networking with the alums is considered beneficial.
Guest Lectures:
- The faculties at IIFT-K are not only brilliant but have achieved excellence in the corporate arena as well.
- Several guest lecturers are invited by IIFT-K, to discuss the corporate sector around the globe, thus benefiting the students with rich experiences and knowledge.
These pointers must have explained how IIFT-K is a value for money institute and hence is worth joining. I have interacted with a few alumni of IIFT-K who were all praised for their alma mater, which has groomed them into skilled professionals.
IIFT-K is worth your money, time, and efforts.You can count on my advice and join it. I am sure you won’t regret it.
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