IIFT (Indian Institute of Foreign Trade)
IIFT stands for Indian Institute of Foreign Trade, which is a premier business school in India that specializes in international business and trade. It was established in 1963 by the Government of India as an autonomous organization to help professionalize the country’s foreign trade management and increase exports by developing human resources.
IIFT offers various management programs, including a two-year full-time MBA in International Business (MBA-IB), a doctoral program in management, and several executive development programs. The MBA-IB program is the flagship program of the institute and is known for its rigorous curriculum, global perspective, and strong industry connections.
The institute has campuses in Delhi, Kolkata, and Kakinada, and attracts students from all over the country and the world. IIFT has a strong alumni network, and its graduates are placed in leading companies across various sectors, including consulting, finance, marketing, and supply chain management. The institute has also established partnerships with several leading international universities and organizations to enhance the global exposure of its students and faculty.
IIFT 2023 Notification:
IIFT 2023 is expected to take place in December 2023, according to the latest estimates. The IIFT 2023 notification and application forms are likely to be made available for download in September 2023.
Getting a competitive edge on your studies by studying the IIFT question papers from the previous year is a great way to prepare for the IIFT exam in 2023. Students will gain an understanding of the structure and timescale of the test, as well as the level of difficulty and types of questions that will be asked.
IIFT 2023 Registration:
The registration process for IIFT 2023 is expected to be conducted online, and candidates will be required to follow the below-mentioned steps:
- Visit the official website of IIFT (https://iift.nta.nic.in/) and click on the registration link for the MBA-IB program.
- Fill in the registration form with the required personal and academic details.
- Upload the scanned copy of the candidate's photograph and signature in the prescribed format.
- Pay the application fee through the available online payment modes such as credit card, debit card, or net banking.
- Submit the completed application form and take a printout of the confirmation page for future reference.
The application fee for the MBA-IB program at IIFT is expected to be around INR 2,000 for general category candidates and INR 1,000 for SC/ST/PwD candidates.
IIFT 2023 Exam:
The IIFT exam is a computer-based test that is conducted by the National Testing Agency (NTA). The exam is typically of 2 hours duration and consists of multiple-choice questions (MCQs) in the following areas:
- English Grammar and Comprehension
- Vocabulary and Idioms
- General Knowledge and Current Affairs
- Logical Reasoning and Data Interpretation
- Quantitative Analysis
The total number of questions in the exam is around 110-120, and the maximum marks are 300. The marking scheme for the IIFT exam is different for each section, and there is also a negative marking of 1/3rd of the marks allotted for each incorrect answer.
The IIFT exam is known for its difficulty level, and candidates are advised to prepare thoroughly and practice mock tests and previous year’s question papers to improve their chances of success.
After the IIFT exam, shortlisted candidates are typically called for a group discussion (GD), writing skill assessment, and personal interview (PI) for the final selection to the MBA-IB program. The final selection is based on the candidate’s performance in the IIFT exam, GD, writing skill assessment, and PI.
IIFT 2023 Eligibility Criteria:
The expected eligibility criteria for IIFT 2023 are as follows:
- Educational Qualification: Candidates should have completed their bachelor's degree from a recognized university or institute with a minimum aggregate of 50% marks (45% for SC/ST/PwD candidates). Candidates appearing for their final year bachelor's degree exam are also eligible to apply.
- Age Limit: There is no age limit for appearing in the IIFT exam.
- Nationality: Indian and foreign nationals can apply for the IIFT exam.
- Reservation: As per the government of India guidelines, there is a provision for reservation of seats for candidates belonging to SC/ST/OBC-NCL/PwD categories.
- Work Experience: There is no work experience requirement to apply for the IIFT exam.
- Number of Attempts: Candidates can attempt the IIFT exam multiple times.
It is important for candidates to carefully read and understand the eligibility criteria before applying for the IIFT exam. Candidates who do not meet the eligibility criteria may be disqualified at any stage of the selection process.
IIFT 2023 Admission Process:
The expected admission process for IIFT 2023 is as follows:
- Registration: Candidates who meet the eligibility criteria can register for the IIFT exam online by filling the application form and paying the application fee.
- Admit Card: Registered candidates will be issued an admit card, which they must download and carry to the exam center on the day of the exam.
- IIFT Exam: The IIFT exam is a computer-based test that is typically conducted in the first week of December. The exam consists of multiple-choice questions (MCQs) in the areas of English Grammar and Comprehension, Vocabulary and Idioms, General Knowledge and Current Affairs, Logical Reasoning and Data Interpretation, and Quantitative Analysis.
- Result: The results of the IIFT exam are typically declared in the month of January. Candidates who score above the minimum qualifying marks are shortlisted for the next stage of the selection process.
- Group Discussion (GD), Writing Skill Assessment, and Personal Interview (PI): Shortlisted candidates are called for a GD, writing skill assessment, and PI at various IIFT campuses. The GD and writing skill assessment are typically conducted on the same day, followed by the PI on the next day.
- Final Selection: The final selection of candidates is based on their performance in the IIFT exam, GD, writing skill assessment, and PI. The weightage given to each component of the selection process may vary from year to year.
- Offer of Admission: Candidates who are selected for admission will be offered admission to the MBA-IB program at IIFT.
IIFT 2023 Exam Pattern:
The expected exam pattern for IIFT 2023 is as follows:
- Mode of Exam: The IIFT exam is a computer-based test (CBT).
- Sections: The IIFT exam is divided into six sections, namely English Grammar and Comprehension, Vocabulary and Idioms, General Knowledge and Current Affairs, Logical Reasoning and Data Interpretation, and Quantitative Analysis.
- Total Questions: The IIFT exam consists of 110 to 120 multiple-choice questions (MCQs).
- Duration: The duration of the IIFT exam is 120 minutes (2 hours).
- Marking Scheme: The marking scheme for the IIFT exam may vary from year to year. In the past, there was a negative marking of 1/3rd of the allotted marks for every incorrect answer.
- Sectional Cut-off: In addition to the overall cut-off, there may also be sectional cut-offs for each section of the exam.
- Medium of Exam: The IIFT exam is typically conducted in the English language.
It is important for candidates to carefully read and understand the exam pattern before appearing for the IIFT exam.
IIFT 2023 Syllabus:
The expected syllabus for IIFT 2023 is as follows:
- English Grammar and Comprehension: This section tests a candidate's ability to understand and analyze written passages, as well as their grammatical skills. The topics covered may include sentence completion, fill in the blanks, synonyms, antonyms, idioms, etc.
- Vocabulary and Idioms: This section tests a candidate's vocabulary and knowledge of idiomatic expressions. The topics covered may include analogies, one-word substitution, sentence correction, etc.
- General Knowledge and Current Affairs: This section tests a candidate's knowledge of current events, both national and international. The topics covered may include current affairs, sports, politics, geography, history, economics, etc
- Logical Reasoning and Data Interpretation: This section tests a candidate's ability to analyze and interpret data, as well as their logical reasoning skills. The topics covered may include blood relations, seating arrangement, puzzles, bar graphs, line charts, pie charts, etc.
- Quantitative Analysis: This section tests a candidate's mathematical skills. The topics covered may include arithmetic, algebra, geometry, trigonometry, statistics, etc.
It is important for candidates to thoroughly understand the syllabus and prepare accordingly for the IIFT exam.
IIFT 2023 Preparation: Approach & Strategy
Preparing for the IIFT 2023 exam requires a well-planned approach and strategy. Here are some tips and strategies that candidates can follow to prepare effectively for the exam:
- Understand the Exam Pattern and Syllabus: Candidates should carefully read and understand the IIFT 2023 exam pattern and syllabus before starting their preparation. This will give them a clear idea of what to expect in the exam and help them plan their preparation accordingly.
- Create a Study Plan: Candidates should create a study plan that covers all the topics in the syllabus and allocates sufficient time for each topic. They should also ensure that they have enough time for revision and practice.
- Practice Mock Tests and Previous Year Question Papers: Candidates should practice mock tests and solve previous year question papers to get a feel of the actual exam and improve their time management skills. This will also help them identify their weak areas and work on them.
- Focus on Time Management: The IIFT exam is a time-bound exam, and candidates need to manage their time effectively to attempt all the questions. Candidates should practice solving questions quickly and accurately to improve their speed and accuracy.
- Read Widely: Since the IIFT exam tests a candidate's general knowledge and current affairs knowledge, candidates should read widely and stay updated with the latest happenings in the world.
- Improve Language Skills: Candidates should focus on improving their language skills, including grammar, vocabulary, and comprehension. They can read newspapers, books, and other reading materials to improve their language skills.
- Join Proton Training Solutions Classes: Candidates who feel they need additional help can join classes to get expert guidance and learn tips and tricks to crack the exam.
Overall, candidates should have a systematic and disciplined approach to their preparation, stay focused, and work hard to achieve their goals.
IIFT Accepting Institutes And The MBA Programmes:
IIFT conducts its own MBA programme, which is highly esteemed and recognized globally. In addition, IIFT has also collaborated with various other prestigious institutes in India to offer joint MBA programmes. Here are the institutes that accept IIFT scores and offer MBA programmes:
- Indian Institute of Foreign Trade (IIFT) - Delhi, Kolkata, Kakinada (Andhra Pradesh)
- Atal Bihari Vajpayee Indian Institute of Information Technology and Management (ABV-IIITM) - Gwalior, Madhya Pradesh
- Indian Institute of Finance (IIF) - Greater Noida, Uttar Pradesh
- K J Somaiya Institute of Management Studies and Research (SIMSR) - Mumbai, Maharashtra
- Lal Bahadur Shastri Institute of Management (LBSIM) - Delhi
- FORE School of Management - Delhi
- Birla Institute of Management Technology (BIMTECH) - Greater Noida, Uttar Pradesh
- GITAM School of International Business (GSIB) - Visakhapatnam, Andhra Pradesh
- Institute of Public Enterprise (IPE) - Hyderabad, Telangana
- SDM Institute for Management Development (SDMIMD) - Mysore, Karnataka
- Vellore Institute of Technology (VIT) - Vellore, Tamil Nadu
Candidates should note that admission criteria, eligibility, and fees for MBA programmes offered by these institutes may vary. Candidates are advised to check the respective institute’s website for further details.
All the Best.
