IIFT NIRF Ranking 2019: The commerce ministry’s prestigious Indian Institute of Foreign Trade (IIFT) has slipped 8 places to 31 in the HRD Ministry’s 2019 national ranking of higher education institutes under the Management category. Compared to year 2018’s NIRF Rankings, the institute has maintained its scores except in the ‘Research and Professional Practice’ and ‘Perception’ parameters.
The fourth edition of the ranking of management institutes based on the National Institutional Ranking Framework (NIRF) 2019 was announced this year in April. Established in 1963, IIFT had featured on the coveted list at 23rd spot in 2018, 30th in 2017 and 81st in 2016.
Director at IIFT, Manoj Pant, said that the current rankings are based on the data of 2017-18 when IIFT had nearly 40 faculty members across two campuses. However, for the past one year, over 15 members have been hired, with a faculty recruitment at the Kolkata campus being recently concluded. With the induction of the new faculty, the total strength of the faculty members will be 70, which is quite likely to improve the research output and rankings in the next couple of years, he added.
He also commented on maintaining the scores of the institute in the ‘Research and Professional Practice and Perception’ parameters. “These two parameters have been pain points for the institute for past few years due to several reasons. However, the institute has initiated measures to improve them,” Pant said.
“In order to improve its perception ratings, the institute has to reach out to the corporates and alumni, apart from other stakeholders. As a premier business school, it is necessary to showcase research undertaken by IIFT to its stakeholders, especially industry, apart from focusing on students’ achievements in various competitions and activities,” he said. He also emphasised that the 2019 batch of MBA (IB) received 100% placements with an average annual salary of more than ₹20 lakh.
On the question of hiring a PR firm for publicity, Pant said that the media division of the Department of Commerce primarily focuses on coverage of the activities and initiatives of the Ministry, and very limited coverage is provided for such activities of the institute. “Accordingly, in order to improve coverage of institutional activities likely to impinge upon perception parameter, it was decided to revive the practice of hiring a PR agency in the institute. It would also be worthwhile to bring out that IIFT is a self-financing institution and gets grants from the Ministry of Commerce for its capital expenditure only,” he added.
The director also expressed hope that such measures would help improve the rankings. Notably, IIM-Bangalore topped the chart in the Management category rankings,, which was followed by IIM Ahmedabad and IIM Calcutta.
IIFT Placements 2019
The institute boasts of terrific placement statistics when it comes to IIFT Placements 2019. Notably, the graduating batch of 2017-19 of IIFT’s flagship MBA (International Business) Programme saw 100% placements despite it being a large batch of 279 students.
IIFT 2019 Placement Highlights are as follows:
|Number of Participating Recruiters||98|
|Number of First-time Participating Recruiters:||32|
|Average Salary offered||20.07 lakhs per annum|
|Highest Salary offered||Rs 1 Crore|
|Number of PPOs offered||93|
IIFT Placements 2019 clearly show a significant progress from the previous years’ placements. IIFT Key Placement Trends show that the Average Salary offered in 2018 was Rs. 19. 23 lakhs and Rs. 18.41 lakhs in 2017. Even the Median Salary rose from Rs. 17 lakhs to Rs. 18 lakhs this year. Also, PPOs by top companies offered to 93 students highlights the trust which recruiters have on the education being imparted by the B-school.
The Indian Institute of Foreign Trade (IIFT) is an autonomous public business school established by the Government of India (Ministry of Commerce and Industry) in 1963 for professionalizing the country’s foreign trade management and increasing exports by developing human resources and generating, analysing and disseminating data besides conducting research.
IIFT’s flagship program is the Master of Business Administration in International Business (MBA-IB). Notably, IIFT was conferred the status of ‘Deemed University’ in 2002. It conducts a national entrance examination across various centers in India of the same name. For over 60,000 candidates taking the exam every year, IIFT offers only 600 seats for its management program in three of its campuses, viz; Kolkata, Delhi and Kakinada. Candidates who qualify the exam are shortlisted for Writing-Ability Test (WAT) Group Discussion and Interview Rounds and finally inducted.
IIFT also offers an Executive MBA program in New Delhi, Dubai and, Dar-es-Salaam respectively.