Indian Institute of Foreign Trade Fees and Scholarships, IIFT Fees and Scholarships, IIFT Scholarships, IIFT Delhi Fees
The Indian Institute of Foreign Trade (IIFT) in Delhi offers a variety of postgraduate and doctoral programs focused on management, business administration, and social sciences. Its key offerings include an MBA in International Business, an MBA in Business Analytics, a Weekend MBA, and a Master’s in Economics with a specialization in Trade and Finance, among other programs.
Course Fees Overview
The tuition fees for IIFT’s programs vary significantly based on the specific course. For the MBA in International Business, the total fee is approximately ₹21.77 lakhs for a two-year duration. Other programs have different fee structures; for instance, the MBA in Business Analytics costs around ₹17.16 lakhs, while the Weekend MBA is priced at ₹8.75 lakhs over 2.5 years.
Breakdown of MBA Fees:
- Program Fees: ₹21.77 lakhs
- Refundable Security Deposit: ₹10,000
Detailed Fee Structure by Course
- MBA (International Business)
- Duration: 2 years
- Fees: ₹21.77 lakhs
- Eligibility: Bachelor’s degree with 50% marks; admission based on CAT, group discussion, writing assessment, and personal interview.
- MBA (Business Analytics)
- Duration: 2 years
- Fees: ₹17.16 lakhs
- Eligibility: Bachelor’s degree with 50% marks, including Mathematics/Statistics.
- Weekend MBA (International Business)
- Duration: 2.5 years
- Fees: ₹8.75 lakhs
- Eligibility: Bachelor’s degree with 55% marks and three years of work experience.
- Executive PG Diploma
- Duration: 1.5 years
- Fees: ₹4.45 lakhs
- Eligibility: Minimum three years of managerial experience or a relevant postgraduate degree.
- Ph.D. Programs
- Eligibility: Master’s degree with 55% marks or equivalent qualifications.
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Hostel Accommodation
IIFT provides hostel facilities with various options for students. The fees for hostel accommodation are as follows:
- Single Occupancy: ₹54,000 per trimester
- Double Occupancy: ₹45,000 per trimester
Both male and female hostels offer comfortable living conditions and necessary amenities.
Scholarships Offered
IIFT offers several scholarship opportunities to support students financially. These include:
- Need-Based Scholarship Scheme:
- Provides an interest subsidy on educational loans for 27 months for families with an income below ₹6 lakhs per year.
- New Scholarship Scheme (NSS):
- Covers 10% of students, granting 20% off tuition fees based on a means-cum-merit basis. This includes income and academic performance criteria.
- Government Scholarships:
- Various central and state-level scholarships available based on similar income and merit-based evaluations.
- Other Organizations:
- Scholarships such as the Exim Bank Scholarship and OPJEMS Scholarship are also available.
Conclusion
The Indian Institute of Foreign Trade is a prominent institution for those pursuing careers in international business and trade. With a structured fee system and a variety of scholarship options, IIFT aims to make quality education accessible to a diverse range of students. As prospective students prepare for their applications, understanding the fee structure and scholarship opportunities can help in making informed decisions about their educational investment.