Do you know which MBA institute provides good quality education at a comparatively low price? It is IIFT, which is one of the most sought after MBA institutes in India, mainly because of the above said reason. IIFT has various campuses in Kolkata, Delhi and Dar-es-Salaam (Tanzania). IIFT is very popular in Northern and Eastern India.

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The entrance exam is very competitive with respect to the seats offered (300). The campus boasts of excellent placement record, campus and hostel facilities. Registrations start in June and go on till 1st week of September. The cost of the forms has been rising swiftly and is currently at Rs.1500. The exam is held in the last week of November usually.

The paper of IIFT is considered as one of the toughest to crack. It is a 100 mark paper with 120-150 questions with an unusual marking scheme. It has 1/3rd negative marking for wrong answers. In the Quant section, the paper is biased towards algebraic questions, which may be easy for engineering graduates but not for commerce graduates. It also has G.K. questions, R.C, Verbal, Quantitative aptitude, Logical Reasoning and D.I. All these sections come under the difficult range. Concepts need to be strong to be able to have any chance at cracking this paper. Refrain from marking answers you are not sure of. IIFT till about 5-6 years ago was considered a paper of medium difficulty however since 2006 the IIFT paper is known for its unusual paper patterns with varying level of difficulty. The key for the candidate is to be flexible in terms of strategy and decide his/her approach accordingly. The candidate is advised not to panic if the paper is tricky and concentrate on selective answering than answering on a random basis. IIFT will be among the first competitive exam a candidate appears for after CAT and as such (assuming he/she has prepared well for CAT) should be prepared for the paper. The syllabus more or less remains the same without any major change. In general more than 50,000 candidates appear for the 300 seats in all IIFT campuses combined. Cut off for IIFT is at about 35 marks (out of 100) for open category students. Sectional cut off was around 9 for quant, 10 for D.I/Logic, 12 for verbal and 4 for G.K. GD-PI is taken in the traditional form where GD's were conducted by 10 people per group and 3 panel members grilling you in the PI.

Although IIFT claims to offer a degree in international business the curriculum and placements is largely similar to other business schools in India. The increase in batch intake (due to the Kolkata campus) has seen an increased competition among students for placements. Finance is the top choice of specialization (largely due to investment banks and financial institutions visiting the campus and offering attractive pay packages) followed by Marketing and International business (mainly export houses and trading companies). IIFT Delhi remains the top choice for candidates followed by IIFT Kolkata (Gitam Institute of Foreign Trade also accepts IIFT scores but is largely unknown to candidates). There is not a huge gulf in placements between IIFT Delhi and Kolkata as the placements are combined. The placement process is centralized in the Delhi campus. If you are looking at only top institutes, then this has to be on your list. But if you are not so confident about your abilities then registering yourself for this maybe a waste of time and money, and so you rather spend it on a college you are more confident of getting into.