IIFT Fees 2022
The Indian Institute of Foreign Trade (IIFT) is a self-governing public business school. It has picked West Bengal as the location for its first campus outside of Delhi. IIFT Kolkata was founded in 2006 and is based in Salt Lake City. The Master of Business Administration in International Business is its flagship programme. It is the only institute among India’s top ten business schools to offer this curriculum. IIFT has constantly been recognised among the top ten business schools in the country.
After accounting for inflation, the two-year MBA (IB) IIFT fees is progressively growing. The application fee for the 2021-23 batch is Rs.18.25 lakhs. IIFT Fees for the MBA (IB) 2022-24 class are expected to rise somewhat. In the event of a significant rise, IIFT may attempt to absorb the majority of the incremental portion.
Tuition, internet, alumni, computer facility, library, and IMF (student body) fees are all included in the IIFT Fees. Students in the SC, ST, and PWD categories receive a 50% tuition cost reduction.
For the academic year 2022-24, the Indian Institute of Foreign Trade (IIFT) is accepting applications for the Master of Business Administration (MBA – International Business) Degree Program at the IIFT Kolkata Campuses.
According to NIRF 2019, IIFT Kolkata is placed 31st among the Top B-Schools. With a ‘A’ rating from NAAC, the institute is regarded as the finest for Finance. It offers full-time and part-time MBA programmes. Furthermore, it is the only one among India’s top ten business schools to provide an MBA in International Business.
After accounting for inflation, the two-year MBA (IB) IIFT fee is progressively growing. The application fee for the 2021-23 batch is Rs.18.25 lakhs. IIFT Fees for the MBA (IB) 2022-24 class are expected to rise somewhat. In the event of a significant rise, IIFT may attempt to absorb the majority of the incremental portion.
|IIFT Campus||Fee amount (In Rupees)||Important Points|
|IIFT Delhi||Rs. 18,25,000||Excludes Hostel fee, Mess Charges &others|
|IIFT Kolkata||Rs.18,25,000||Excludes Hostel fee, Mess Charges & others|
IIFT Admissions 2022
The following is the step-by-step process for IIFT Admission 2022 for MBA-IB 2022-24 batch:
- Step 1: Submit an application and take the entrance exam for IIFT Admission 2022.
- Step 2: First Stage Shortlisting Criteria for IIFT Admission 2022 Based on Entrance Exam Cut Off
- Step 3: Final Selection Round for IIFT Admission 2022, which includes Extempore, PI, and WAT.
- Step 4: Create the final merit list for IIFT Admission 2022 based on numerous qualities and weightages.
IIFT MBA (IB) 2022 Entrance Exam Important Dates
The entrance test for the IIFT Admission is planned on December 5, 2021. The NTA is holding the IIFT admission exam for the third time. The NTA IIFT exam website is where you may finish the IIFT Exam Registration procedure for MBA (IB) admission 2022.
|IIFT Admission 2022 Activity||Key Dates 2022|
|IIFT 2022 Notification Release Date||August 16, 2021|
|Application Start Date||September 2, 2021|
|Last date to Apply||October 25, 2021 (Till 5 PM)|
|Last date to pay IIFT Entrance exam Fee||October 25, 2021 (Till 11.50 PM)|
|IIFT Application Fee||Rs.2500/- for General/OBC category|
Rs.1000/- for SC/ST/PwD/Transgender
|Application error correction Window||October 27 to 31, 2021|
|Admit Card Download Starts||Some time in November 2021|
|IIFT Entrance Exam date||Sunday, December 5, 2021|
|IIFT 2022 Exam Result Date||Expected on or before December 20, 2021|
|IIFT Shortlist release||Expected in January 2022|
|Final Admission Offer||April 2022|
How IIFT Entrance Exam is different from CAT/XAT?
The Indian Institute of Foreign Trade has shared with MBAUniverse.com how the IIFT Entrance Exam differs from other examinations. The Indian Institute of Foreign Trade has emphasised the following essential elements of the IIFT entrance exam:
- Private agencies administer CAT, XAT, and other entrance examinations, but the IIF entrance exam is administered by the National Testing Agency (NTA), which makes it more transparent.
- In the CAT, there is a sectoral time limit, which implies that applicants must complete each component within the time limit. The IIFT test has no sectional time restriction.
- The CAT has three parts, whereas the IIFT has four (an extra section of General Knowledge and Awareness).
- Academics, gender diversity, and other factors are considered while shortlisting candidates for the second round. These factors are relevant in the second round of the admission process in other management tests.
IIFT Cut OFFs 2022
The IIFT cut offs for various IIFT campuses are projected to stay in the range of 46 to 50 out of 300 total points.
|Campus||IIFT Delhi||IIFT Kolkata|
|Overall Cut off (Out of 300 maximum marks)||45-48||43-45|
Expected Sectional Cut offs
|Section name||Total questions||Max marks||Delhi Cut offs||Kolkata cut offs|
|Verbal Ability & Reading Comprehension||35||105||20-21||18-19|
|Data Interpretation & Logical Reasoning||30||90||14-15||12-13|
|General Awareness (GK)||20||30||6-7||5-6|
IIFT Cut OFFs 2021
The overall category cut offs for shortlisting applicants for the final selection process for the 2021-23 cohort are as follows. These applicants, however, had to clear the section cut offs as well as acquire the minimal scores.
|Category||Cut offs applied|
IIFT Placements 2021
Since its beginning, IIFT has had a constant record of high placements, even throughout the economic downturn. All participating students in the IIFT class of 2019-21 received placement offers from renowned recruiters in India and overseas, across all potential business sectors, during the lateral and final placements.
Large batch size increases average salary by 3% and median salary by 10% ( Exact 9.9 percent The average salary in Placement 2021 is Rs.21.08 LPA, up from Rs.20.48 LPA last year.The median salary rises to Rs.20 LPA in Placement 2021, up from Rs.18.20 LPA the previous year. The number of recruiters climbed to 117 in Placement 2021, up from 107 the previous year.
The highest salary in placement 2021 is Rs.46.50 LPA, up from Rs.46.45 LPA previous year. Tata Steel, Wipro, KPMG, Airtel, HUL, Eli Lilly, Bajaj Finserv, GSK, ITC, Bain Capability, Cognizant, McKinsey, Goldman Sachs, JP Morgan, GE, HSBC, and Yes Bank are among the top recruiters. With 24 percent of all offers, sales and marketing emerge as the leading recruitment domain.
|Placement Year||Average Salary (Overall) (Rs. in lakhs)||Average Salary (Domestic) (Rs.in lakhs)||Highest Salary|
(Rs. in lakhs)
|Highest Salary Domestic|
(Rs. In Lakhs)
|Placement 2020||20.48||20.48||75 Lakhs (Intl)||46.45|
|Placement 2019||20.07||18.89||1 Crore +||--|
|Placement 2018||19.23||18.27||1 Crore||29|
Frequently Asked Questions
1. Is IIFT tougher than CAT?
Ans. According to expert opinion, the difficulty level for IIFT versus CAT is moderate to challenging. In IIFT, hopefuls must answer 110 questions in 120 minutes, but in CAT, you may anticipate to answer 66 questions in 120 minutes, with a sectional time restriction of 40 minutes.
2. Is IIFT government or private?
Ans. The Indian Institute of Foreign Trade (IIFT), a Deemed University, was founded in 1963 as an autonomous entity under the Ministry of Commerce and Industry of the Government of India.
3. What percentile is needed for IIFT?
Ans. According to prior patterns, the needed percentile for shortlisting for MBA (IB) admission 2023 at various IIFT campuses will be: Percentile Expected for Delhi Campus: 98 and higher. The expected percentile for the Kolkata Campus is 95 or above.
4. Is IIFT easy to crack?
Ans. Similarly, the quant questions in IIFT are frequently more challenging than those in CAT or XAT. To do well on the IIFT test, you will require an exam-specific preparation method. It takes roughly six to nine months to prepare for the IIFT test. However, if one plans ahead of time, one may prepare for it in less time.
5. What is the cutoff for IIFT?
Ans. For general category students, the overall cutoff for IIFT 2021 was 43.5 marks out of 300.
6. Is work experience necessary for IIFT?
Ans. The IIFT Eligibility Criteria 2023 do not include any mandated minimum job experience requirements. The IIFT 2023 test eligibility criteria include any new applicant with the necessary qualifications.
7. How many seats are there in IIFT?
Ans. 220 seats are there in IIFT.
8. Is calculator allowed in IIFT exam?
Ans. No, a candidate may not bring a calculator or any other gadget into the examination room.
9. Is IIFT at par with IIM?
Ans. IIFT placements have typically been on par with certain IIMs, with the most recent final placement at over 20 LPA and the biggest package for trade posts at 1.5 crores.
10. What score is 99 percentile in IIFT?
Ans. Mayank Aggarwal received the maximum possible score of 99.97 percentile. Sachin Agarwal received a 99.68 percentile and Pranjal Gupta received a 99.69 % in the IIFT 2021 test.