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1. Is IIFT a centre for foreign
trade?
IIFT was established in the year 1963 with the purpose of conducting
courses on foreign trade for the civil servants. Also IIFT has always
been prided as an excellent centre for research on WTO and other related
issues. Over the years IIFT has evolved from being a centre of foreign
trade to a complete business school that now rests on a tripod: the
MBA (International Business) programme, Research and MDPs.
Gone are the days when a company had to be domestically competitive
to survive internationally. Today, a firm has to be internationally
competitive to survive domestically. The distinction between the internal
and the external sector is fast diminishing. The MBA (IB) programme
offered at IIFT is an integrated course which was designed with utmost
foresight, keeping in mind the requirements of the constantly evolving
global economy.
2. What is the MBA (IB) Programme?
The MBA (IB) is a general management course with special emphasis
on International Business. This means, besides doing a general MBA
(as is done in other B-Schools), IIFT students are exposed to the
international perspectives of various subjects by virtue if their
doing courses like international marketing, international finance,
international strategy and the like.
3. What are the specialisations offered in the MBA (IB) Programme
at IIFT?
The first year, consisting of three trimesters, is a core course which
encompasses all the basic functional areas of management. In the third
trimester students are taught the nuances of international aspects
of these functional areas. The second year is when students get to
choose their preferred area of specialisation viz. marketing, finance,
trading or systems.
4. What is the Port Visit all about?
All the students of the MBA (IB) programme are compulsorily required
to undertake a Port Visit (sea port). The purpose of this visit is
to enable students to gain a hands-on experience of the practical
aspects of international trade and business. Besides visiting various
offices such as the Port office, Customs Offices, EPZs, etc. students
also get an opportunity to interact with the people at the front line.
Students are free to choose the port of their choice to visit. Port
visits are usually undertaken at Mumbai, Chennai, Visakapatnam, Singapore
or Dubai.
5. Give us some information on the Student Exchange
Programme.
IIFT has affiliations with 4 universities: George Mason, Virginia,
USA, Finland, Germany and Tanzania. Every year students are selected
to take part in the exchange programs. This offers a very good opportunity
to gain trans-cultural exposure and a student spends his fifth trimester
in the university abroad. The basis of selection of students for
the Exchange Programme varies and is typically specified by the
concerned university.
6. What are the co-curricular activities at IIFT?
IIFT comprises of 6 clubs viz. Cashonova (the finance club), Brandwagon
(the marketing club), Blash (the trading club), Velocity (the automobile
club), Pharmawizards (the pharma club) and Systemix (the IT and
telecom club). Besides these, the Corporate Relations Committee
functions on bringing in eminent people from the corporate world
for interactions with the students on a regular basis. The functioning
of all the above clubs are coordinated by the apex student body
of IIFT, the International Management Forum, popularly known as
the IMF.
Also, true to its tradition of being a quizzing powerhouse, IIFT
has, for the intellectually oriented, its own quiz club Quintessential.
7. What is the entrance procedure for admission to the
MBA (IB) Programme?
The entrance procedure is a 3-stage process: First is the written
test covering areas of Quantitative Ability, Logic and Reasoning,
English etc. The short-listed people will then have to appear for
the Group Discussions and Interviews.
8. Is the IB course fully residential?
Yes. The institute provides fully furnished accommodation including
computers and telephones in the rooms. Needless to say, IIFT boasts
of world class infrastructure that any B-School can provide.
9. How are the placements?
Every year the Institute boasts of 100% placements.
10. What is the scope for industry interface?
Industry interface at IIFT, happens through seminars, conferences,
corporate interactions and guest lectures. IIFT organises seminars
and conferences all through the year, recent events being the CII-IIFT
National Conference on “Globalisation Strategies” in
August 2003, and IIFT-ASSOCHAM-BCC Conference on “Global Finance
and Currency Market Dynamics’ in September 2003 in Mumbai.
Besides, IIFT organises, each November, its Annual Management Symposium
“Tradewinds”. The Corporate Interactions are held on
a regular basis, and have included Ms. Naina Lal Kidwai, HSBC, Mr.
Venu Srinivasan ,TVS Motors and Mr. Sanjeev Aggarwal, Daksh, to
name a few eminent guests. Guest lectures by eminent corporate personalities
are also held for specific courses.
All the above events, besides giving the students a lifetime opportunity
of interacting with the leaders of business, also instill in them
a great sense of inspiration and motivation.
In addition, IIFT also organises its Annual Management Festival “Quo
Vadis” each November, which draws tremendous participation from
other Management Schools, both in India and abroad. |
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