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Questions Asked On IIFT, New Delhi

What is the difference between IIFT Delhi and IIFT Kolkata in terms of quality of education, study environment, and placements?

SG
Sreeja Gupta Posted On : February 23rd, 2022
MBA International Business, Indian Institute of Foreign Trade, Delhi

Here are a few factors that differentiate IIFT Delhi and IIFT Kolkata campuses.

  • Location is certainly a differentiating factor between the Delhi campus and the Kolkata campus. Students of Delhi campus get more exposure due to the proximity to the mainstem industry and to Gurgaon’s Cybercity. But the student body of IIFT Kolkata goes the extra mile to make sure this is changing.
  • Although the faculty of the Delhi campus is more diverse, the environment on Kolkata campus is more conducive for research. 
  • The Delhi campus has the WTO center, while there is a Center for North Eastern Studies (CeNEST) on the Kolkata campus.
  • Although it’s not often talked about, there is a differentiation between placements at both campuses. However, IIFT Kolkata is catching up quickly in terms of placement numbers. 

As established earlier, the Delhi campus has its advantages, but IIFT Kolkata is striving hard to bridge the gap. 

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Do students from IIM/FMS/JBIMS/SPJIMR/IIFT/XLRI bunk classes like engineering students?

PT
Pragya Tripathi Posted On : February 28th, 2023
CSE IITK'15, IIMA Batch of 2015-17

At IIM/FMS/JBIMS/SPJIMR/IIFT/XLRI, attendance is seen as a crucial aspect of the learning experience. Every effort must be made to be present in class and to participate actively in the discussions. In fact, class participation is considered to be such an important factor in determining grades that a significant portion of the total course weightage is allocated to it. This system is in place to encourage students to be engaged in the learning process and to ensure that they are taking full advantage of the educational opportunities available to them.

On the other hand, at IIT Kanpur, there is a more relaxed approach to attendance. While it is still advisable to attend classes and to be present for lectures, there is no strict requirement in place. This gives students more flexibility and allows them to choose when they want to attend classes based on their personal schedules or other commitments. It also means that engineering students are not penalized if they miss a class or two, as long as they are able to make up for it by participating in other ways, such as completing assignments or preparing for exams.

Overall, both B-schools and Engineering colleges have different approaches to attendance and class participation. While IIM Ahmedabad places a strong emphasis on being present in class and participating actively, IIT Kanpur takes a more relaxed approach. Ultimately, the choice between the two institutions will depend on the individual student's preferences and learning style.

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How is the student life at IIFT Delhi and Kolkata?

SR
Sunidhi Rastogi Posted On : August 23rd, 2022
Studied at Indian Institute of Foreign Trade, Delhi

Life at IIFT Delhi and IIFT Kolkata isn’t much different than any other B-Schools in the country. The first trimester will go by in a blur with multiple assignments, guest lectures, summer placement prep,  etc. IIFT follows a regular schedule. There may be days with classes from 9 am to 9 pm. You will need to do your assignments, prepare case studies, study for quizzes, and also do extra-curricular activities. 

Life outside academics is more fun in Delhi. There are more places to explore nearby the campus.

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How good is IIM Shillong as compared to IIFT Delhi?

AJ
Arshit Jain Posted On : January 27th, 2023
Indian Institute of Management Nagpur

It is true that IIFT Delhi has a strong reputation and a good placement record. Over the past three years, students have consistently earned an average salary package of INR 20 LPA or higher. In the latest placement drive for the 2020-22 batch of the MBA (IB) program, IIFT Delhi achieved 100% placements with 82 companies participating. The highest international CTC was INR 80 LPA, the highest domestic CTC was INR 46.5 LPA, and the average CTC was INR 25.16 LPA. Approximately 25% of the students were placed in the consulting domain.

When choosing a business school, it's important to consider factors such as placements, alumni support, exposure to the industry, and available resources like libraries and research papers. Location can also be a factor, as being in Delhi may provide more opportunities for exploration and connection with potential employers compared to Shillong. Ultimately, it's important to weigh all of these factors and choose the school that best meets your needs and goals.

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Which is better MDI or IIFT or IIM Indore?

AK
Aastha Khandelwal Posted On : January 24th, 2023
Studied at the Indian Institute of Foreign Trade, Delhi

All three of the institutions, MDI, IIFT, and IIM Indore, are comparable, so admission shouldn't be based solely on the IIM moniker. Both IIFT and MDI have excellent lists of recruiters visiting campuses and smaller batch sizes. The IIFT is the best of the three if one is interested in trading or is fine working in general management roles in emerging economies. MDI is the best of the three for consulting-related jobs and a great campus life. Unfortunately, due to its enormous batch size, IIM Indore is no longer regarded as being in the same league as other old IIMs. At all three institutions, the faculty and teaching methods are comparable. 

It would be MDI>IIFT>IIM I if you took into account things like placements, faculty, brand value, campus life, and location.

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How much do the top B-schools like the IIMs FMS, MDI, XLRI, SP JAIN, JBIMS, IIFT, and NITIE inflate their placement reports?

HP
Hardik Pandya Posted On : February 28th, 2023
MBA Finance, Indian Institute of Foreign Trade, Delhi (2016)

In the placement process, it is not always the B-Schools that are responsible for reporting inflated packages, but rather the companies. The figure reported by placement cells is referred to as the "Cost to Company" (CTC) and not the take-home salary. This means that simply dividing the CTC by 12 is not an accurate reflection of what you will receive in your bank account each month.

CTC consists of two main components: fixed and variable. The fixed component includes your basic salary, HRA, TA, LTA, employer's contribution to the provident fund, joining bonus, retention bonuses, and ESOPs. The variable component is based on both your performance and the company's performance and is paid out in lump sums either yearly or half-yearly.

Your take-home salary at the end of each month is calculated as basic salary + HRA + TA + other allowances - provident fund deduction - tax. The remaining amount is given to you at the end of the year. To illustrate how companies may inflate their CTC figures, here are a few examples:

  • Amazon:

Fixed component: 9 lakhs

Year 1 end retention bonus: 2 lakhs

Year 2 end retention bonus: 1.5 lakhs

ESOP: 5 lakhs to be paid over 3 years

Performance bonus: separate/not reported CTC: 17.5 lakhs

Take-home salary: 65-70k

  • Goldman Sachs:

Fixed component + Variable component: 14.5 lakhs

Relocation: 2,00,000 INR (one-time payment)

Supplemental Salary: 3,50,000 INR (supplemental salary is an accrued bonus paid out in monthly installments pro-rated from the date of joining, only applicable during the first year of joining)

CTC: 20 lakhs

Take-home salary: 95-98k

  • RBS India Development Center (Royal Bank of Scotland back-end):

Fixed component: 9 lakhs

Variable component: 10-20% of a fixed component

CTC: 10.8 lakhs

Take-home salary: 65-68k

As seen from the examples, despite Amazon having a CTC that is double that of RBS IDC, their take-home salary is the same. This is the typical way it works. The placement teams likely do not have much control over the process.

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What is the comparison between IIFT & IIM Shillong?

TC
Tanuj Chandra Posted On : January 30th, 2023
Studied MBA in International Business at the Indian Institute of Foreign Trade, Delhi (2019)

It is worth noting that the brand value of "IIM" may vary among the different institutes. IIM Ahmedabad may have a different brand perception than IIM Lucknow, which may differ from IIM Kozhikode, and so on. With plans to establish an IIM in every state, getting admitted to one may not necessarily hold as much weight as it once did.

Older business schools may have more opportunities available to their students due to their more extensive alumni networks and long history of the establishment. Additionally, business schools located in metropolitan areas may have better access to recruiters, leading to potentially better job placements for their students.

Ultimately, it is up to you to consider these factors and make the final decision that best suits your needs and goals.

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What is the comparison between IIFT and IIM Shillong?

AJ
Arshit Jain Posted On : January 23rd, 2023
M.B.A. Finance & Operations Management, Indian Institute of Foreign Trade, Delhi (2018)

It is no longer the case that the "IIM" brand carries the same weight for all business schools. Each individual Indian Institute of Management (IIM) now has its own distinct brand value and perception, and the word after the "IIM" tag is what will truly matter. For example, IIM Ahmedabad will have a different brand value from IIM Lucknow, which will be different from IIM Kozhikode or IIM Shillong, and so on. With the expansion of the IIM network, with a goal of having an IIM in every state, it may become less meaningful to be accepted into an IIM in general.

Generally speaking, older business schools tend to have more and better opportunities than IIFT due to their larger alumni networks and longer histories of the establishment. Additionally, business schools located in metropolitan areas may have better accessibility for recruiters, leading to more favorable placements for students.

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Considering my interest in Finance and a prior IT work experience of 2.5 years, what should be the preference for me among IIFT Delhi, NMIMS Mumbai, and new IIMs IIM Ranchi, Trichy?

AS
Aarzoo Shah Posted On : January 20th, 2023
Studied at SVKM's NMIMS

When it comes to financing roles, NMIMS is generally seen as being on par with or even better than IIFT. One advantage of NMIMS is its location in Mumbai, which can be beneficial for students seeking finance roles. A decent number of finance companies visit the campus during placements, offering a good range of opportunities for students. However, it's worth noting that the competition for these roles can be quite intense, especially for students with engineering backgrounds. This is because finance companies often have a tendency to shortlist more students with commerce backgrounds for interviews.

That being said, if you are able to clear one or two levels of the CFA or FRM exams, it can become easier to get shortlisted for finance roles at NMIMS. Overall, when it comes to financing roles, NMIMS is generally seen as being on par with IIFT and better than the new IIMs.

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Is it possible to get admission to top MBA colleges like IIFT and XLRI if you got below 50% in B.Com?

RK
Ritwik Kapadia Posted On : June 14th, 2021
MBA-IB Finance, Indian Institute of Foreign Trade, Delhi (2017)

To get into top MBA colleges like XLRI and IIFT, you would, without a doubt have to work really hard. It would be wrong to say that it is impossible. It is possible, one just has to stay focused on what they are doing and study well.

Any recruiter from IIFT or XLRI checks whether you will prove to be a profitable employee to them or not. This is the core strategy behind their entire recruitment process. Plus, even when you manage to get into reputed colleges like these, remember that the panel would give great importance to your academic background. Low grades could prove to be a great setback for them and for you too- in terms of placement. It can block you from grabbing a placement at a good company. That's how tough the overall criteria is!

My personal advice would be to try to leave such an impression of yourself that your personality becomes memorable to them. You have to be solid and confident throughout the interview. In case you are preparing for the exams, just work hard.

If you are one of those who already have cleared the exam and simply want an idea on the interview and preparing for it, you will get it through hard work.v

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