IIFT full form is Indian Institute of Foreign Trade. The students all around the country aspire to get into any of the courses in this prestigious institution which provides holistic educational experience and career opoortunities.
Indian Institute of Foreign Trade is the IIFT full form. Indian Institute of Foreign Trade is an autonomous business school set up by the Government with the aim of researching foreign trade. The current director of IIFT is Prof. Manoj Pant. The objective is to provide educational programs in areas of foreign trade, undertake research activities, provide training facilities, and many more.
History and Branches of IIFT
IIFT was established on May 2, 1963, by the Government of India as an organization that helps manage foreign trade. The organization also focused on increasing exports by developing human resources, analyzing data, and conducting research. Over the 50 years of its establishment, the organization has managed to diversify itself by covering the aspects of international business.
IIFT has four campuses. The IIFT Delhi campus ranks highly on the list of the top MBA colleges in India. It is the foremost college for international business education in the country. The four campuses are as follows.
- IIFT Delhi
- IIFT Kolkata
- IIFT Kakinada
- IIFT Dar-es-Salaam (Tanzania)
Functions of IIFT
The functions of the IIFT, in the context of its role as an institute of higher education, are many. It stands as one of the best colleges for postgraduate education in management and international trade in India. IIFT has had a stellar reputation since its inception, and it is still going strong due to its many roles and responsibilities. Its mission and vision statement state its roles clearly. They are as follows.
- To design courses that help in the advancement of academic studies and learning.
- To grant degrees/diploma certificates to the students who have completed their course and/or research by fulfilling the conditions provided by IIFT.
- To set up campuses and research centers in India and abroad to help achieve the objective of IIFT, which is to widen the scope of foreign trade.
- To institute and award fellowships, visitorships, honorary degrees, medals, and prizes.
- To create posts under IIFT related to academics, administration, technical and ministerial posts, and make appointments with consideration of the rules and regulations of the institution.
IIFT Admission Eligibility Criteria
The NTA (National Testing Agency) advises on the criteria for candidates to write the IIFT entrance exam. The eligibility criteria to write the exam to seek admission into the IIFT campus of Delhi, Kakinada, and Kolkata are as follows.
- The candidate should have an undergraduate degree in any discipline with an aggregate of 50%, while it is 45% for the reserved category.
- There is no age limit to apply for the IIFT entrance examination.
- The requirement of work experience is not necessary for the candidates.
- Foreign candidates who want to apply have to produce a valid GMAT score.
IIFT Registration Process
To gain admission into IIFT, candidates must register for the college. They have to fill out an IIFT application form and qualify for the CAT examination. Candidates must also clear the basic eligibility criteria for admission into IIFT. The registration for IIFT is as follows:
- Step 1: Visit the IIFT website.
- Step 2: The candidate would be directed to the homepage. Click on the “Admissions” tab.
- Step 3: Click on the link for registration to create an account for IIFT.
- Step 4: After reading the instructions regarding the IIFT application, click on “Proceed.”
- Step 5: Fill in the personal and contact details required and ensure no error while filling out the registration form.
- Step 6: Enter a strong password and also a security question for better protection of the account.
- Step 7: Enter the security pin and click on “Submit.”
- Step 8: The IIFT account is now registered.
IIFT Exam Date 2024
As per the latest update from the IIFT official website, the IIFT exam dates for 2024 are listed below. Candidates are advised to check back on this page regularly for updates or changes on these dates.
| Events | Dates IIFT 2024 (Tentative) |
|---|---|
| IIFT Registration 2024 start date | Sept 15, 2024 |
| IIFT Registration End Date | Nov 15, 2024 (till 5PM) |
| Application Form Correction Window | Nov 17 to 20, 2024 |
| IIFT 2024 Admit card release date | Dec 5, 2024 |
| IIFT Exam Date | Dec 10, 2024 (10AM to 12 Noon) |
| IIFT Result Date | Dec 27, 2024 |
IIFT Selection Process
Once the results are announced for the IIFT entrance exam, the cut-off would be announced. Candidates who have cleared the examination can move on to the next stage of admissions, the selection process.
- The selection process for IIFT consists of 3 rounds: a written ability test, a group discussion, and a personal interview.
- Before initiating the selection process, the candidates are asked to fill out a form that includes their details, educational qualifications, work experience details, extra-curricular activities, and a paragraph of not more than 100 words on their career focus and managerial traits.
- The written ability test is a simple round where the candidates are provided with a passage or asked to write an essay on a given topic. They would be allotted 20 minutes to answer the questions or write the essay.
- The word limit for the essay should not be more than 300 words. This round helps in analyzing the candidate’s writing skills.
- The second round for admissions into IIFT is the group discussion. The candidates would be divided into different groups, and they would be given a topic to discuss.
- The topics provided are mainly related to current affairs or anything trending in the business world. The candidates can prepare themselves for group discussions by bringing awareness with the help of newspapers and articles.
- The group discussion tests the communicative skills of the candidate. Both of these rounds have a weightage of 15% for the selection process.
- The last round of the IIFT selection process is the personal interview, where the candidates are evaluated based on their knowledge and communicative skills.
- The personal interview has a weightage of 20% for the selection process.
IIFT Achievements
As one of the foremost institutes in India, it should come as no surprise that the list of achievements of IIFT is particularly long. It is full of merits and achievements of both students, staff, and the institute. See below to find the best that IIFT has achieved.
- IIFT is recognized as an institution that has achieved several accolades in the span of its establishment. The institution is widely recognized for its rich heritage and alumni network in India as well as abroad.
- The organization was recognized as a “Deemed University” in May 2002 by the UGC (University Grants Commission), which enabled them to grant degrees and start their academic programs. The status of “Deemed University” of IIFT was made permanent in February 2012.
- IIFT has associated itself with the Ministry of Commerce and the Government of India. They have established networks with Industrial and Trading Houses and Academic Institutions in India and abroad.
- IIFT has collaborated with several international universities for research and academic purposes.
- The IIFT has a high rate of placement where leading companies like Goldman Sachs, JP Morgan, Godrej Industries, Flipkart, and Aditya Birla Group’s Madura F&L offered the students a job.
