The Indian Institute of Foreign Trade (IIFT) offers a comprehensive two-year MBA program, with admissions starting through a national entrance exam in late October or early November, followed by WAT, GD, and PI rounds. Established in 1963 under the Ministry of Commerce, IIFT is recognized for its industry exposure and a strong alumni network. The faculty, with an average age of 45, includes experienced professionals actively engaged in government projects and international education.
The program's total fee is around 13.25 lakhs, excluding living expenses, with total costs reaching up to 20 lakhs when factoring in hostel and mess fees. Scholarships and financial assistance are available for economically disadvantaged students, with options for education loans without collateral. IIFT maintains a transparent fee structure and offers merit-based scholarships, including the OP Jindal Scholarship, and rebates under central government schemes. The institute achieves 100% placement, with over 100 recruiters annually.
In 2020, the average CTC was Rs. 20.48 Lakh, increasing to approximately Rs. 25 Lakh in 2022. The highest international package reached Rs. 75 Lakh, and the domestic package was Rs. 46.45 Lakh. The summer internship program also shows strong recruiter participation, with an average stipend of Rs. 1.68 Lakh, peaking at Rs. 3.2 Lakh. Notable recruiters include companies like Microsoft, Goldman Sachs, JP Morgan, ITC, and Godrej.
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