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
2. What is the MBA (IB)
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 the like.
3. What are the
specialisations 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
specialisation viz. marketing, finance, trading or systems.
4. What is the Port Visit
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, Visakapatnam, Singapore
5. Give us some information
on the Student Exchange Programme.
IIFT has affiliations with 4 universities: George Mason,
Virginia, USA, Finland, Germany and Tanzania. Every year
students are selected to take part in the exchange programs.
This offers a very good opportunity to gain trans-cultural
exposure and a student spends his fifth trimester in the
university abroad. The basis of selection of students for the
Exchange Programme varies and is typically specified by the
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),
Velocity (the automobile club), Pharmawizards (the pharma club)
and Systemix (the IT 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
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 and Interviews.
8. Is the IB course fully
Yes. The institute provides fully furnished accommodation
including computers and telephones in the rooms. Needless to
say, IIFT boasts of world class infrastructure that any B-School
9. How are the placements?
Every year the Institute boasts of 100% placements.
10. What is the scope for
Industry interface at IIFT, happens through seminars,
conferences, corporate interactions and guest lectures. IIFT
organises seminars and conferences all through the year, recent
events being the CII-IIFT National Conference on “Globalisation
Strategies” in August 2003, and IIFT-ASSOCHAM-BCC Conference on
“Global Finance and Currency Market Dynamics’ in September 2003
in Mumbai. Besides, IIFT organises, each November, its Annual
Management Symposium “Tradewinds”. The Corporate Interactions
are held on a regular basis, and have included Ms. Naina Lal
Kidwai, HSBC, 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
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 organises its Annual Management Festival
“Quo Vadis” each November, which draws tremendous participation
from other Management Schools, both in India and abroad.