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1. Is IIFT a
centre for foreign trade?
IIFT was established in the year 1963 with the purpose of
conducting courses on foreign trade for the civil servants.
Also IIFT has always been prided as an excellent centre for
research on WTO and other related issues. Over the years IIFT
has evolved from being a centre of foreign trade to a complete
business school that now rests on a tripod: the MBA
(International Business) programme, Research and MDPs.
Gone are the days when a company had to be domestically
competitive to survive internationally. Today, a firm has to
be internationally competitive to survive domestically. The
distinction between the internal and the external sector is
fast diminishing. The MBA (IB) programme offered at IIFT is an
integrated course which was designed with utmost foresight,
keeping in mind the requirements of the constantly evolving
global economy.
2. What is the MBA (IB) Programme?
The MBA (IB) is a general management course with special
emphasis on International Business. This means, besides doing
a general MBA (as is done in other B-Schools), IIFT students
are exposed to the international perspectives of various
subjects by virtue if their doing courses like international
marketing, international finance, international strategy and
international brand management.
3. What are the specializations
offered in the MBA (IB) Programme at IIFT?
The first year, consisting of three trimesters, is a core
course which encompasses all the basic functional areas of
management. In the third trimester students are taught the
nuances of international aspects of these functional areas.
The second year is when students get to choose their preferred
area of specialization viz. marketing, finance, trading or
systems and IT.
4. What is the Port Visit all about?
All the students of the MBA (IB) programme are compulsorily
required to undertake a Port Visit (sea port). The purpose of
this visit is to enable students to gain a hands-on experience
of the practical aspects of international trade and business.
Besides visiting various offices such as the Port office,
Customs Offices, EPZs, etc. students also get an opportunity
to interact with the people at the front line. Students are
free to choose the port of their choice to visit. Port visits
are usually undertaken at Mumbai, Chennai, Vishakhapatnam,
Kolkata, Cochin, Singapore or Dubai.
5. Give us some information on the
Student Exchange Programme.
IIFT has affiliations with more than 15 renowned foreign
universities in Europe, Canada, Africa & Asia Pacific. Every
year students are selected to take part in the exchange
programs. This offers a very good opportunity to gain
trans-cultural exposure. The basis of selection of students
for the Exchange Programme varies and is typically specified
by the concerned university.
6. What are the co-curricular
activities at IIFT?
IIFT comprises of 6 clubs viz. Cashonova (the finance club),
Brandwagon (the marketing club), Blash (the trading club),
Socrates (the consulting club) and Systemix (the business
technology and telecom club). Besides these, the Corporate
Relations Committee functions on bringing in eminent people
from the corporate world for interactions with the students on
a regular basis. The functioning of all the above clubs are
coordinated by the apex student body of IIFT, the
International Management Forum, popularly known as the IMF.
Also, true to its tradition of being a quizzing powerhouse,
IIFT has, for the intellectually oriented, its own quiz club
Quintessential. IIFT also aims at grooming socially-conscious
business leaders, which is why the CSR club Koshish has a
large number of enthusiastic and active members.
Most recently the students, with encouragement from the
administration, have also set up an Entrepreneurship Cell and
the Africa Business Cell to adequately leverage the students’
capabilities and further enhance them in these areas.
7. What is the entrance procedure for
admission to the MBA (IB) Programme?
The entrance procedure is a 3-stage process: First is the
written test covering areas of Quantitative Ability, Logic and
Reasoning, English etc. The short-listed people will then have
to appear for the Group Discussions, Essay Writing and
Personal Interviews.
8. Is the IB course fully residential?
Yes. The institute provides fully furnished accommodation on
campus for all students. Needless to say, IIFT boasts of world
class infrastructure that any B-School can provide.
9. How are the placements?
Every year the Institute boasts of 100% placements. In 2009,
the institute was the first amongst all the major business
schools in the country to complete 100% placements in spite of
the recessionary situation. The 2010 final placements saw a
53% rise in the average salary levels with 100% placements as
usual.
10. What is the scope for industry
interface?
Industry interface at IIFT happens through seminars,
conferences, corporate interactions and guest lectures. IIFT
organizes seminars and conferences all through the year,
recent events being the National Marketing Symposium on
“Consumer Retention Route to Enhancing ROMI” in August 2010,
and IIFT-NASSCOM National IT Symposium on “India 2015:
Leveraging IT for Growth” in September 2010 in Delhi. The
Corporate Interactions are held on a regular basis, and have
included Ms. Naina Lal Kidwai, HSBC, Mr. Som Mittal, NASSCOM,
Mr. Venu Srinivasan , TVS Motors and Mr. Sanjeev Aggarwal,
Daksh, to name a few eminent guests. Guest lectures by eminent
corporate personalities are also held for specific courses.
All the above events, besides giving the students a lifetime
opportunity of interacting with the leaders of business, also
instill in them a great sense of inspiration and motivation.
In addition, IIFT also organizes its Annual Management
Festival “Quo Vadis” each November, which draws tremendous
participation from other management schools, both in India and
abroad.
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