IIFT stands for Indian Institute of Foreign Trade, a leading business school in India that specialises in international business and trade.
It was established in 1963 by the Government of India as an autonomous organisation to help professionalise India's foreign trade management and increase exports.
IIFT offers various programs in the field of international business, including MBA in International Business (MBA-IB), Executive Master in International Business (EMIB), Certificate Programme in Export Management (CPEM), and PhD in International Business.
The MBA-IB program is the flagship program of IIFT, focusing on developing global business leaders with a deep understanding of international trade and business practices.
The program is highly competitive and attracts top talent from India and the world. IIFT also has a strong network of alumni who are leaders in international business.
In addition to its academic programs, IIFT also conducts research and provides training and consulting services in international trade and business.
Top Five mistakes to avoid for IIFT
If you are preparing for the IIFT entrance exam, here are five common mistakes you should avoid:
Not having a clear strategy
One of the biggest mistakes students make while preparing for the IIFT entrance exam is needing a clear strategy or study plan. The exam covers various topics such as Quantitative Ability, Logical Reasoning, Data Interpretation, Verbal Ability, and General Knowledge, and it is essential to cover all the topics thoroughly. You should prioritise the areas you find challenging and allocate enough time to practice and revise them. Additionally, solving previous years' papers and taking mock tests can help you understand the exam pattern and improve your speed and accuracy. Sticking to your study plan and being consistent in your preparation to perform well in the exam is crucial.
Not focusing on accuracy.
The IIFT entrance exam has a negative marking system; one-third of the marks are deducted for every wrong answer. Therefore, it is crucial to focus on accuracy and only guess if you are confident about the answer. You should practice enough to improve your accuracy and speed in solving the questions. Additionally, you should avoid making silly mistakes by reading the questions and avoiding careless errors such as misinterpreting the data or making calculation errors.
Not keeping up with current affairs.
The IIFT entrance exam includes a general knowledge section covering current affairs, business, economics, politics, and international relations. You should read newspapers and magazines and watch news channels to stay updated. Additionally, you should practice questions related to current affairs from previous years' papers and other study materials.
Ignoring the language skills
The IIFT entrance exam has a separate section for Verbal Ability, which tests your English language skills such as grammar, vocabulary, and comprehension. It is essential to improve your language skills by reading books and newspapers and practising questions from previous years' papers. You should focus on improving your grammar and vocabulary by reading books and solving questions related to the English language. Additionally, you should practice comprehension passages to improve your comprehension skills.
Not taking enough mock tests.
The IIFT entrance exam is time-bound, and it is essential to practice stamina and time-management skills. Take mock tests regularly and evaluate your performance to improve your speed and accuracy. Take mock tests and analyse your performance to identify weaknesses and work on them before the actual exam.
In addition to the mistakes mentioned above, one final point to keep in mind while preparing for the IIFT entrance exam is maintaining a positive attitude and staying motivated throughout the preparation period.
The IIFT entrance exam is highly competitive and can be stressful and overwhelming for some students.
It is essential to maintain a positive attitude and believe in your abilities. You should avoid comparing yourself with others and focus on your progress.
Additionally, taking breaks and engaging in activities that you enjoy can help you reduce stress and stay motivated. With hard work, dedication, and a positive attitude, you can crack the IIFT entrance exam and achieve your goal of studying in a prestigious business school.