International business education, research, and training are the primary focuses of the premier independent public business school known as the Indian Institute of Foreign Trade (IIFT). The IIFT, which was established in 1963 and was administered by the Ministry of Commerce and Industry, has made a significant contribution to the development of skill for India's external trade sector. The institute has developed into a national university with a strong focus on international business strategy and management over the years.
The mission of the IIFT is to provide professional education in cutting-edge management practices that are pertinent to international business. The institute aims to help participants comprehend the intricate responsibilities of international business and improve their comprehension of a variety of trade and economic issues. IIFT creates a comprehensive learning environment for its students by engaging in research, training, and education to achieve these goals.
In 2002, IIFT was given the status of "Deemed to be University" to show that it is dedicated to providing top-notch education. In addition, in 2005 and 2015, it was granted Grade 'A' accreditation by the National Assessment and Accreditation Council (NAAC), reiterating its status as a leading institution in international business.
To meet the requirements of professionals in their mid-career and aspiring international business executives, IIFT provides a wide range of long-term programs. The Master of Business Administration in International Business (MBA-IB), which has campuses in New Delhi and Kolkata and lasts for two years, is the flagship program. Students graduate from this program with the knowledge, abilities, and perspectives they need to succeed in today's global business environment.
The Executive Post Graduate Diploma in International Business, the Master of Arts (MA) in Economics with a focus on Trade and Finance, and the Ph.D. in Management and Economics are just a few of the other programs offered by IIFT. Specialized knowledge and skills in international trade, finance, and business are the primary goals of these programs.
The academics, industry professionals, and visiting faculty from internationally renowned institutions and organizations make up the faculty at IIFT. Students receive a well-rounded education that combines theoretical concepts with practical applications because the faculty members bring a wealth of knowledge and industry insights to the classroom.
At IIFT, experiential learning and practical exposure are essential components of the curriculum. Students can apply what they learn in the classroom to real-world situations through industry-focused activities like live projects, internships, and study tours offered by the institute. Students' comprehension of global business practices is enhanced and essential skills like problem-solving, decision-making, and cross-cultural communication are developed through this approach.
The intellectual contributions and research of IIFT are highly valued. In order to encourage research in marketing, international trade, policy, finance, and other related fields, the institute has established a number of research centers and chairs. Students and faculty members actively participate in research projects, and the results are published in reputable national and international journals.
The IIFT's academic ecosystem relies heavily on collaborations and interaction with the industry. Leading businesses, trade associations, and research institutions have formed strong partnerships with the institute. Industry interaction, knowledge sharing, and policy advocacy are made easier by these collaborations. They also offer internship and placement opportunities with well-known multinational corporations, conferences, seminars, and exposure to the most recent industry trends.
Leading national and international corporations have hired IIFT graduates for a variety of positions in international business, trade, finance, marketing, and consulting. The placement record of IIFT is remarkable. Students have access to a wide range of career options, both in India and abroad, thanks to the institute's robust placement process and strong industry connections.
In conclusion, the prestigious Indian Institute of Foreign Trade (IIFT) is devoted to fostering excellence in education, research, and training in international business. IIFT continues to produce skilled professionals who significantly contribute to India's global business landscape through its rigorous academic programs, distinguished faculty, industry partnerships, and strong placement support.