Indian Institute of Foreign Trade Kolkata Answered Questions

The highest (domestic) and average package offered during IIFT Kolkata MBA IB placements 2023 stood at INR 76.5 LPA and INR 29.10 LPA, respectively. Furthermore, the highest (international) and median package offered was INR 85.4 LPA and INR 26.50 LPA, respectively during IIFT Kolkata placements 2023. A total of 108 companies visited the campus and many top recruiters visited the campus such as TATA Steel, Deloitte, Loreal, Flipkart among others. Similarly, the highest, average and median stipend offered was INR 4.40 lakh, INR 2.63 Lacs and INR 2.50 Lacs during summer placements 2022-2024 batch. A total of 100 companies and 36 new recruiters visited IIFT Kolkata campus. The stipend was offered for a period of two months.  

MBA in international business is the best specialisation course from IIFT Kolkata. The average package received is about INR 24 Lacs per annum. It is a place that provides excellent placements, great faculty, and amazing campus to MBA students. 

As of the latest data available (2023 placements), the average package for MBA students at IIFT Kolkata is INR 29.1 LPA.Here's a breakdown of some key placement statistics from IIFT Kolkata:• The highest Domestic and International Package: INR 85.4 LPA• Average Package: INR 29.1 LPA• Median Package: INR 26.5 LPAIt's important to note that these are just average figures. Placement packages can vary significantly depending on several factors, such as:• Student's academic performance and work experience.• Chosen specialization within the MBA programme (if applicable).• Company and industry sector.

The latest official cutoff information for admission to the MBA programme at IIFT Kolkata is not available yet as of today, March 6, 2024. It's important to note that IIFT typically releases cutoff information after the application deadline and the completion of the selection process, which usually happens around May-June.However, based on past trends and available information, here's what you can expect:• IIFT considers CAT scores for admission to its MBA program.• The expected cut-off percentile for the General category for the 2024 batch is likely to be around 95+.• Cut-off percentiles for other categories (OBC, SC, ST, PwD) are typically lower than the General category cutoff.

The total fee for the MBA programme at IIFT Kolkata is 20.97 Lacs for the entire two-year duration. This fee covers various expenses, including:• Tuition fees• Library charges• Medical insurance• Hostel charges (double occupancy)• Boarding charges• Student activity and alumni chargesIt's important to remember that this is the fee for the general category students. SC, ST, and PwD category candidates are eligible for a 50% concession on the tuition fees, bringing down the total cost to 10.485 lakhs.

IIFT Kolkata offers a Master of Business Administration in International Business, which is a flagship program at the institute. The program is designed to cater to the requirements of aspiring international business executives and mid-career professionals. The MBA in International Business at IIFT Kolkata has a total intake of around 140 seats. The program is conducted at the IIFT Kolkata campus, which is spread over 7 acres of land and houses one academic block, an admin block, and two residential blocks for students and visiting faculty. The campus offers fully furnished accommodation for all students.

The minimum cutoff for MBA at IIFT Kolkata varies from year to year and is determined by the student's category. The general category cutoff for IIFT Kolkata for the 2022 admission cycle was 42.6 in CAT. However, the expected cutoff for the 2023 exam cycle is between 115 and 120 out of a total of 300. Please keep in mind that the cutoffs are subject to change each year and are determined by a variety of factors such as the number of applicants and the difficulty level.

IIFT Kolkata offers several scholarships to its students.To avail of these scholarships, you can visit the official website of IIFT Kolkata and check the eligibility criteria and application process for each scholarship.Here are some of the scholarships available for MBA students:Need Based Scholarship Scheme: Under this scheme, IIFT pays interest subsidy on educational loans for 27 months from the time the loan is taken from a bank. Students of the MBA (IB) full-time programme who have taken the loan and whose family income is less than INR 6.00 Lacs per year can apply under this scholarship.New Scholarship Scheme (NSS): This scholarship covers ten percent of students with a scholarship amounting to twenty percent (20%) of the tuition fee in all “Full-Time/Regular” batches of the degree courses offered by IIFT. The scholarship will be given to 10% of the students admitted in the regular programs. The scholarship amount will be 20% of the Tuition fee for all. The criteria would be a “means-cum-merit” basis with 70% weightage to means and 30% weightage to merit i.e. total CGPA scored after completion of the program. It will be granted to those students who complete their full-time programme from IIFT and whose family income from all sources is less than INR 8 Lacs per annum. The upper ceiling of INR 8 Lacs is subject to revision. The scholarship will be disbursed to the students after the successful completion of the programme i.e. MBA (IB), MBA (BA), and MA (Eco.). IPM students will get the scholarship after completing their BBA and MBA. If the amount of the scholarship is less, then the balance amount will be payable.Scholarships offered by the Government of India: The Government of India offers various central and state-level scholarships to students. Complete details about the available scholarships and the process for applying are available on the National Scholarship Portal

IIFT Kolkata is one of India's top business schools, consistently ranking among the top 10 B-Schools in the country . However, determining which institute is the best is subjective because it depends on a variety of factors such as course curriculum, faculty, infrastructure, placements, and more.If you want to pursue an MBA in Kolkata, other reputable institutes to consider include the Indian Institute of Management Calcutta (IIMC), Xavier School of Management (XLRI), International Management Institute (IMI), and Institute of Engineering and Management (IEM).

No, IIM Bangalore is far better than the IIFT Kolakata. The CAT cut off depicts that percentile required for the admission into IIM Bangalore should be around 99 whereas for the IIFT Kolkata is about 60 percentile.The average package received for the students during placements for IIM Bangalore is about 33 lak per annum and for IIFT it is about 24 lak per annum.