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THE INDIAN INSTITUTE OF FOREIGN TRADE (IIFT)
The Indian Institute of Foreign Trade (IIFT), established in 1963 by the Ministry of Commerce & Industry, is a leading institution in India for international business education and research. Initially set up to enhance India’s foreign trade capabilities, IIFT has evolved into a top provider of global trade education. In 2002, it was granted Deemed to be University status and earned Grade ‘A’ accreditation from NAAC in 2005 and 2015. In 2021, it received the prestigious AACSB accreditation, placing it among the top global business schools. IIFT focuses on education, research, and training to develop professionals equipped to address global trade challenges.
IIT MADRAS (DOMS)
The Department of Management Studies (DoMS) at IIT Madras offers a diverse range of management programs catering to various needs. Ranked among the top ten business schools in India by NIRF 2022, DoMS focuses on cutting-edge research, skill development, and technology integration. Its flagship MBA program provides a comprehensive learning experience, while the Executive MBA (EMBA) is designed for working professionals with weekend classes. Additionally, DoMS offers specialized programs like Tech MBA, Masters in Quantitative Finance, and a PhD program for those interested in research. With strong industry collaborations and a focus on practical learning, DoMS ensures students are prepared for leadership roles in the global market.
Comparison between IIFT Delhi vs IIT Madras
| Basis | IIFT Delhi | IIT Madras (DoMS) |
|---|---|---|
| NIRF Ranking (2024) | 15th in Management | 16th in Management |
| Established | 1963, under Ministry of Commerce; deemed university specializing in international trade | 1959; one of the oldest IITs, premier technical and research university |
| Location | Qutub Institutional Area, New Delhi; 6.5-acre compact urban campus with strong corporate/government access | Adyar, Chennai; 617-acre fully residential campus with academic, tech, and research ecosystem |
| Campus / Infrastructure | Modern classrooms, 84,000 volume library, auditorium, Bloomberg/Thomson Reuters terminals | Hostels, sports, research labs, hospital, innovation hub (IITMRP), self-contained campus |
| Cut-off (CAT/IIFT) | 95–97 percentile (CAT & IIFT exam); GD, extempore, PI for selection | ~95 percentile in CAT (85–96 category-wise) for shortlisting |
| Placement (2024) | Avg: ~₹27 LPA, Highest: ₹75.6 LPA (domestic), ₹85.4 LPA (international); strong in IB & consulting | Avg: ₹16.93 LPA, Highest: ₹29.65 LPA; 100% placement; strong in tech & consulting |
| Fee Structure (MBA) | ₹17.8 – ₹21.8 Lakhs | ~₹11.62 Lakhs (2-year MBA) |
| Faculty Quality | Experts in international trade, economics, and policy; industry-linked | Large, research-driven faculty across multiple disciplines; strong in analytics, operations, and tech management |
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