The Indian Institute of Foreign Trade (IIFT) offers a rigorous MBA program in International Business, requiring candidates to have a bachelor's degree. The application process starts with an online form in July, followed by an entrance exam in November, including sections like Data Interpretation & Logical Reasoning, Verbal Ability, Quantitative Aptitude, and General Awareness. Successful candidates advance through essay writing, group discussions, and personal interviews. The selection process evaluates performance in these rounds and the IIFT exam score.
The program is supported by a highly qualified faculty known for combining theory with practical insights, fostering an interactive learning environment. The two-year MBA program's fee varies, with reports ranging from INR 15.2 to 16.25 lakhs, and an overall cost reaching up to INR 18 lakhs, including living expenses. Fees for SC/ST/PH/Category students are reduced to INR 3.5 lakhs annually. Despite the high cost, the investment is deemed worthwhile due to the program's strong placement opportunities.
IIFT maintains a 100% placement record, with an average salary of 22 LPA, and the highest domestic and international packages at 80 LPA and 75 lakhs, respectively. Summer internships average a stipend of 2.67 lakhs, with top stipends at 4.5 lakhs over two months. More than 200 companies, including Microsoft and Goldman Sachs, participate in the placement process, offering roles in various domains. For the 2023-25 batch, total costs range from INR 18 to 24.5 lakhs, inclusive of hostel fees.
Scholarships and financial aid are available, with SC/ST students receiving a 50% fee waiver. IIFT also provides interest reimbursement for student loans, facilitated through partnerships with major banks. With its strong placement outcomes and supportive faculty, IIFT's MBA program offers a compelling return on investment.
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