What is the admission process for the JNU MBA

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The Indian Institute of Foreign Trade ((IIFT) also known as Indian Institute for Global Management is an autonomous public business school founded in 1963 by the Indian Ministry of Trade and Industry

IIFT was granted the status of a recognized university in 2002. It conducts an autonomous entrance exam called IIFT exam in different centers in India.[3][4]

Courses [edit]

  • Two-year global MBA in residential real estate - New Delhi, Kolkata and Dar es Salaam (Tanzania). This is the main course that offers core courses and electives in Marketing, Finance, Systems, Operations, and Commerce.
  • Global DBA course (full-time and part-time) - on the New Delhi and Kolkata campuses.
  • Three-year part-time global MBA(International business)- New Delhi & Kolkata
  • executiveGlobalMBA - New Delhi, Dubai and Dar es Salaam
  • Certificate course in Global Business Management: - New Delhi, Kolkata (West Bengal), Guwahati (Assam)
  • Postgraduate Diploma in Global Business Management by NIIT Imperia
  • Global MBA (Economics): -On campuses in New Delhi and Kolkata (West Bengal).

The IIFT has conducted research studies over the years with organizations such as the World Trade Organization, the World Bank, the United Nations Conference on Trade and Development (UNCTAD), and the Department of Commerce and Industry. IIFT has trained more than 40,000 business professionals in 30 countries as part of its management development programs.[5]

Selection process [edit]

The selection in IIFT is a four-step process:

  1. The entrance test is a paper-based test that takes place in November while for admission in GlobalMBA[6] A computerized test will be conducted by the National Testing Agency from the 2020-2022 academic year.
  2. A shortlist based on the test results is used to invite students to the group discussion. Issues of national and international concern in social, political, economic, and corporate areas are common as individuals are tested on their group discussion skills.
  3. A writing skills test is conducted to test the candidate's writing skills as well as knowledge of the subject and structure of the representation.
  4. The face-to-face interview clearly focuses on goals, successes, knowledge and awareness.

All three skill tests are usually held in a single day. A cumulative weighted score based on the rules of each exam year is used to identify the final shortlist of candidates for IIFT Delhi and IIFT Kolkata separately.

Centers at IIFT [edit]

Center for International Trade in Technology [edit]

With the primary aim of realizing India's technology trade potential and addressing some of the institutional complexities, IIFT has established the Center for International Trade in Technology with financial and technical assistance from the Ministry of Scientific and Industrial Research of the Government of India.

It is an institution that proposes to summarize the roles of active actors in international technology trade, particularly those of the Ministry of Trade and Industry and the Ministry of Science and Technology.[7]

Center for WTO Studies [edit]

The Center for WTO Studies was established in 1999 as a permanent repository for WTO negotiation knowledge and documentation. It was also planned that the center should develop into a research unit with an interest in TRADE in general and WTO in particular, in order to eventually develop into an independent think tank in the region. The center was later located in the Indian Institute of Foreign TRADE in November 2002.

The main objective of the center was to provide ongoing research and analytical support to the Department of Commerce on identified issues related to the World Trade Organization. In addition, it has the task of conducting research activities, bringing out publications on WTO-related topics, running public relations and capacity building programs by organizing seminars, workshops, technical meetings, etc., and storing important WTO documents in its Trade Resource Center[8]

Center for MSME Studies [edit]

The growing importance of micro, small and medium-sized enterprises for the overall economy and in particular for foreign trade has led IIFT to set up a separate center for MSME studies, which can serve as a catalyst for the internationalization of MSME activities. The center started operating in May 2005. The Center for MSME Studies at IIFT provides ongoing support to the MSME sector by conducting activities that can broadly be broken down into running training programs, providing business intelligence services through a database, and acting as a catalyst for connecting with others affected and associated institutions.[9]

Center for Northeast Studies (CeNEST) [edit]

The North Eastern Council (NEC) has signed an agreement with the Indian Institute for Foreign Trade (IIFT) to set up a Center for Northeast Studies (CeNEST) on the IIFT Kolkata campus. The center would facilitate policy-making, strategic planning and effective implementation of various trade promotion programs for Northeastern states, and conduct research and analysis on international trade and business issues and capacity building and serve as a knowledge partner. It will help states exploit the export potential of products from the region and promote innovation in the economy.[10]

IIFT Delhi Campus [edit]

IIFT Delhi is located in Hauz Khas, South Delhi. The campus is located near part of the Delhi Ridge Forest as well as monuments such as the Qutub Minar and the Lotus Temple. The campus is also close to other leading educational institutions such as Jawaharlal Nehru University, Indian Institute of Technology Delhi, All India Institute of Medical Sciences, National Institute of Fashion Technology, and Indian Statistical Institute.

Facilities available on campus include lecture halls with audiovisual aids, conference rooms for round table conferences, a 500-seat auditorium, an MDP center, three data centers, indoor games and student living facilities.

Attachments [edit]

Library [edit]

The IIFT library has 84,000 volumes and subscriptions to 800 journals with online cataloging.[11] The library has a collection of publications from the FAO, IMF, OECD, UNCTAD, UNCTC, World Bank and other international organizations.

Students also have access to databases such as NIC, CMIE, India Trades, World Bank Indicators and other audiovisual management aids. IIFT has set up the WTO Resource Center in the library to deal exclusively with WTO issues.

The library in Delhi as well as on the Kolkata campus have online resources. The institute subscribes to EBSCO, Proquest, JSTOR, Emerald, and Blackwell Synergy databases, which mainly cover journal articles. World Trade Online, IMF Databases, IndiaStat, ISI Emerging Markets, Woline, WITS, CMIE Databases, World Trade Atlas, OECD Online and many more are available for statistical data.

The library has also installed 12 Bloomberg terminals.[12] The unique thing about the Bloomberg database is that it provides a range of global economic data and live changes for stock markets, company reports, sector analysis and future trends. The Bloomberg database is very useful for research analysis.

IIFT Kolkata Campus [edit]

Administration building of the IIFT Kolkata Campus

IIFT, Kolkata Campus started operating in 2006. The institute has a full-fledged residential campus located near Ruby Hospital on the EM bypass.[13] The sprawling 7 hectare campus offers the IIFT's faculty and management students state-of-the-art facilities.

In addition, the IIFT campus in Calcutta houses a WTO cell in order to meet the political requirements for international business. This helps to improve the capacity of bureaucrats and industries on political and advocacy issues involving international companies such as WTO, free trade agreements, free trade agreements, etc. This cell is also aimed at the specific policy research areas of the state and central governments. It has a state-of-the-art central air-conditioning library equipped with three Bloomberg terminals, an e-library, a WTO cell and computer facilities.

Student life [edit]

IIFT Kolkata student residence

It has 7 acres of campus with three large bodies of water to add style and beauty to the campus. It also has 24 * 7 food canteen and Nescafe outlet. The campus houses an administrative block, an academic block, and two apartment blocks for students and faculties. The entire campus is artistically designed with well-tended plush gardens and three bodies of water. Further facilities on campus are centrally air-conditioned lecture halls with modern audio and video facilities, conference rooms, an air-conditioned auditorium with a capacity of 500 seats, an MDP center, indoor games and much more. . Students actively participate in volleyball, cricket, badminton, soccer, and table tennis competitions on campus. Students also publish two magazines called Markmantra-IIFTs Marketing Magazine and InFINeeti - IIFTs Business and Finance Magazine.

The student body and various clubs and cells organize a range of events throughout the year including: Vivaan - The Annual International Business Summit, Leadership Conclave, Flea Market and TEDxIIFTKolkata. Students also take part in various corporate competitions to showcase their knowledge and innovative ideas.

IIFT Kakinada Campus [edit]

In 2018 the then Minister of Trade and Industry of the Union, Suresh Prabhu, laid the foundation stone for the 3rd campus of the Indian Institute of Foreign Trade (IIFT) in Kakinada in the East Godavari district of Andhra Pradesh in the presence of Prime Minister N. Chandrababu Naidu.[14] The state government has provided 25 hectares of land for the construction of the campus.[15]

International cooperation and student exchange programs [edit]

IIFT exchange program[16] is a result of the institute's academic collaboration with institutions around the world. These collaborations are primarily intended for undergraduate, faculty exchange programs, joint research collaborations, and various other capacity building exercises. IIFT has established relationships with many international organizations[17] by signing MoUs and participating in their activities or by taking joint initiatives. The institute is a member of the following international organizations:

  • Academy for International Economics (AIB)
  • Association of Management Development Institutes in South Asia (AMDISA)
  • International Association of Vocational Training Organizations (IATTO)
  • The Association of Advance Collegiate Schools of Business (AACSB)
  • The European Foundation for Management Development (EFMD)

Ranking lists [edit]

IIFT was ranked 6th overall by Chronicle B School Survey 2020 Business todayā€˜Sā€œ India's Best B Schools 2019 ā€.[19] It was ranked 11th in the 2020 MBAUniverse.com ranking. It was ranked 26th among management schools by the National Institutional Ranking Framework (NIRF) 2020.[18]

Port Visits and Social Awareness Program [edit]

IIFT also offers its students the opportunity to visit various national and international ports. Students can choose their preferred port and are accompanied by faculty members during the visit. This is in line with the goal of providing a hands-on look at what is being taught in the classroom.[20]

The institute also has a month-long social awareness program where several NGOs such as the Muskaan Foundation are invited to the campus to present their projects to students. The students are then allowed to choose any NGO and have to work closely with the NGO for the next month. The SAP is part of the curriculum, and the IIFT is one of the few institutions that has run similar social programs.[21]

Student life [edit]

The institute has a student body called the International Management Forum (IWF). The IMF is the official[22] Representative student body at IIFT, which acts as a coordinator for various student activities and events at IIFT and provides administrative support and, in consultation with the director / chairperson / program director, makes political decisions regarding student affairs. The key roles of the IMF include coordinating and monitoring the activities of various domain-specific clubs and cells. 6 clubs[23] and 7 cells[24] work to ensure collaborative and comprehensive learning throughout the year. The clubs impart domain and industry-specific knowledge through knowledge transfer sessions throughout the year. The hands-on learning experience is also enhanced through regularly scheduled competitions, case studies, group discussions, quizzes, etc. Live projects from various companies in all areas are also brought in by clubs, which ensures that the industry is well known. The activities of the clubs and cells are overseen by the Secretary General, a member of the IMF.

Articles and publications [edit]

The research carried out by the institute is widely disseminated in the form of study reports, monographs and occasional papers. The main beneficiaries of this research are academics, policy makers, trade and industry, multilateral organizations, researchers and NGOs. In addition, the institute publishes a quarterly journal Foreign Trade Review[25] published by Sage Publications. The magazine focuses on key relevant areas such as international trade, finance, econometrics, IT, WTO, trading blocs and marketing. Focus on WTO,[26] Another quarterly magazine published by the institute deals exclusively with WTO issues. Each issue of the magazine is thematic. An electronic magazine, e-zine, is also published by the IIFT's Center for International Trade in Technology.

Notable Graduates [edit]

  • Rashesh Shah, founder of Edelweiss Capital[27]
  • Mohit Malhotra, CEO of Dabur International

See also [edit]

References [edit]

External links [edit]