IIFT Fees

IIFT Fees - Indian Institute of Foreign Trade does not require a special mention; by time it has grown to be one of the most coveted institute for management studies. The institute is a deemed-university, a status conferred in the year 2002. Also, IIFT has been accredited by NAAC A (National Assessment and Accreditation Council) and obtained the score of 3.53 (validity of the accreditation is until March 2, 2020). The full-time MBA programme in International Business offered by IIFT is its flagship programme and the other programmes offered are the part-time programmes for working executives and training programmes for corporates, PSUs and Government officers. Careers360, in this article, will provide detailed  information to aspirants regarding IIFT fees including the tuition fees, hostel fees, mess charges, etc.

The fee structure of Indian Institute of Foreign Trade, Delhi, is different for Domestic & International students. The exact IIFT fees for the upcoming batch will be sent to selected candidates along with their offer letter during March/April 2019.The IIFT tuition fees for two years amounts to Rs. 16,70,000/- for Indian national candidates, whereas the NRI & Foreign Nationals need to pay US$60,000 as their tuition fee for two years. Apart from this, students need to pay hostel fees, mess fee, security deposit, and other related charges. Careers360, in this article, provides information related to the fees of IIFT flagship MBA programme including fee structure, number of seats, programme details, admissions, and selection procedure.
The IIFT fees for the batch of MBA (IB) 2019-21 will cover the following fee components-

Fees Details - IIFT

IIFT Fees - MBA (International Business)

The table below displays information pertaining to the detailed fee structure including the hostel charges and mess expenses of IIFT for the two-year MBA (IB) programme across campuses.

IIFT Fees - Hostel and Mess Charges

IIFT fees - Things to Remember

• Apart from the IIFT fees mentioned above, candidates need to deposit an amount of Rs. 5000 as security deposit.

• Both the Domestic and International category of candidates can apply but they need to separate fee amounts.

• The annual payment of IIFT tuition fee amounts to Rs.8,35,000/- 

• The *other charges include library, computer, alumni fees.

IIFT Programme, Structure, and Seats
The number of seats offered by IIFT for its flagship programme (MBA-IB) across campuses are as the following-

•  Delhi Campus - 220 seats

•  Kolkata Campus - 200 seats

•  Total number of Seats - 420

Apart from the popular MBA (IB) programme, IIFT offers certain other postgraduate management courses, namely,

• Two-year six months MBA (International Business) – Weekends

• Executive Post Graduate Diploma in International Business (EPGDIB)

• Executive Post Graduate Diploma in International Marketing  (EPGDIM)

• Executive Post Graduate Diploma in International Financial Strategies (EPGDIFS)

• Executive Post Graduate Diploma In International Business (through VSAT)

IIFT Eligibility Criteria

• Candidates should obtain a Bachelor’s degree of minimum 3 years’ duration in any discipline from a recognised college/university.

• Final year graduate students can also apply subject to submission of proof of requisite qualification by beginning of October, 2019.

• No age limit - There is not limitation pertaining to the age of the candidate.

IIFT- Admission Process
Candidates looking forward to pursuing MBA (IB) course in IIFT should appear for the IIFT exam. Also, aspirants need to meet certain IIFT admission criteria mentioned below-

Stages of IIFT Admission Criteria 2019-21

For General/SC/ST/PH/OBC candidates-

• IIFT 2019

• Essay Writing

• Group Discussion

• Interview

The Written Test is conducted at Ahmedabad, Allahabad, Bangalore, Bhubaneshwar, Chandigarh, Chennai, Coimbatore, Delhi, Dehradun, Guwahati, Hyderabad, Indore, Jaipur, Jamshedpur, Kochi, Kolkata, Lucknow, Mumbai, Nagpur and Visakhapatnam.

For Foreign National/NRI/Children of NRI-
On the basis of General Management Aptitude Test (GMAT)
For MBA 2019-21, GMAT result should not have been declared before 1 January, 2017 and should be received by IIFT latest by 31 March 2019.

IIFT- Placement

The final placement pertaining to the MBA (IB) batch of 2016-18 projects that out of the batch strength of 288, a total of 93 pre-placement offers were made to IIFT Delhi students. With 110 companies confirming their participation, IIFT concluded its placements with 94, out of which 35 were first time associations. It had completed the final placement process with 55 percent rise in the international offers. As many as 31 students have been placed in International Business roles in South America, Thailand, Africa and South-East countries. Four students receiving a package of USD 150,000 per annum and as many as seven students have been offered USD 80,000. The average salary offered is Rs. 19.23 lakh per annum (LPA) and the average domestic salary is Rs. 18.27 LPA. The highest domestic salary offered is Rs. 29 LPA.

IIFT - Bank Loans
Selected candidates can avail education loan from banks to pay the IIFT fees. An education loan of Rs 15-20 Lakh is readily offered to applicants by different private and government banks who secure admission in one of the premier colleges in India. Banks at times ask students to provide a collateral security for granting the required education loan. Students need to check the interest rates and processing fee with individual banks.