Grooming future traders
IIFT is a popular B-school that prepares students to work in varied areas of corporate management report Vimal Chander Joshieducation Updated: Aug 04, 2010 09:45 IST
B-schools are mushrooming everywhere in urban as well as semi-urban areas, but only a handful of them have left an indelible mark on management education.
The Indian Institute of Foreign Trade (IIFT) is one such institution, the core competition of which lies in international business but which also trains students in finance, marketing, and trade.
All the students of the class of 2010 (except one who opted out of placements) were placed at an average pay package of Rs 11.62 lakh per year, with 17 of them receiving international offers.
Contrary to the popular (and plausible too) belief that only companies with international businesses recruit from IIFT, many domestic organisations, too, recruit IIFT graduates for finance, marketing and general management profiles.
Set up under the patronage of the Union Ministry of Commerce, this is one of the few colleges known for international business studies. IIFT has a branch in Kolkata, started in July 2006.
Though the college has 16 courses on offer, the most popular ones are the two-year MBA in international business, three-year (part-time) MBA in international business and executive postgraduate diploma in international business.
Students play basketball, volleyball, table tennis and also participate in several cultural events which take place from time to time.
With the soccer frenzy over, students are now geared for the marketing symposium set to take place on August 12. The event will see senior marketing professionals deliver lectures. They will include Ashok Bajpai, general manager, Taco Bell at Yum Restaurants International and Simeran Bhasin, marketing head, Fastrack and New Brands at Titan Industries.
The entrepreneur cell encourages students to start their own ventures and there are a few students, such as Pawan Kumar Yadav, who joined IIFT with this aim alone. “We have a centre called Micro Small Medium Enterprises that supports students who plan to start a trading firm in a small segment. I joined IIFT to build my network and skills as well so as to become a successful entrepreneur,” says Yadav, coordinator of the e-cell who floated an educational consultancy in 2007.
Spread over six acres, the institute overlooks the ridge and the Qutub Minar. It has centrally air-conditioned lecture halls with audio-visual aids, conference halls for round-table conferences, an auditorium with a seating capacity of 500, MDP Centre, three computer centres, and indoor games facility.
There is a library with around 84,000 volumes and subscriptions to 800 journals, with complete online cataloguing. It also has a unique collection of publications of Food and Agriculture Organisation, International Monetary Fund, World Bank, and other such agencies.
Students also have access to databases from the National Informatics Centre, Centre for Monitoring Indian Economy, India Trades, and World Bank Indicators.
Found on campus:
The college not only trains students in foreign trade but also instills the sprit of corporate social responsibility by engaging NGOs on a regular basis. “I work for HelpAge India where my job is to streamline its human resource processes. It’s a big task to do it for an organisation with 54 centres,” says Anit Roy, a second-year student and software engineer who worked for more than three years at TCS.
Set up in 1963 as an autonomous organisation by the Government of India, it works under the Ministry of Commerce and Industry. IIFT is among the country’s top most institutes for international business.
“Infrastructure is a concern. There should be a bigger campus,” says Shivam Sinha, a second-year student