Are you among the aspirants who want to pursue their career in IIFT or IIMS? In the field of management and engineering, you will have exclusive career choices. All candidates are not aware of the distinctive career plan.
Find out all your queries regarding IIFT and IIM in the next section.
What is IIMs?
The IIM (Indian Institutes of Management) are a group of 20 public, autonomous institutes of management and examination in India. They fundamentally offer postgraduate, doctoral, and executive education programs.
What is IIFT?
IIFT is a national-level exam directed by the National Testing Agency (NTA) in the interest of the Indian Institute of Foreign Trade. The exam is held in an internet-based mode across 60-70 urban areas of India. For the most part, it is taken by around 40,000 candidates consistently. The difficulty level of IIFT exam is comparable to that of CAT and XAT.
Note: For NRIs and foreign nationals, the admission depends on GMAT (Graduate Management Aptitude Test). As such, they don’t have to show up in the IIFT exam to look for admission to MBA (IB).
IIFT vs. IIM; A comparison
Indian Institute of Management is the best option for anybody intending to go into this field. In any case, it will be inappropriate to say that all IIMs are equivalent. Essentially, they can be separated into five distinctive categories.
IIM Ahmadabad, IIM Bangalore, and IIM Calcutta can be considered the top among the list. IIM Lucknow comes next, followed by IIM Kozhikode. For the most part, the previous is compared with the Faculty of Management Studies (FMS), University of Delhi, and Xavier Labor Research Institute (XLRI), Jamshedpur. IIMK is at par with institutes like SP Jain, NITIE, IIFT, and MDI.
The fourth category incorporates the new IIMs and IIM Shillong. Albeit promising, they will set aside somewhat more effort to leave an imprint in the management world. The fifth category includes the latest IIMs.
IIFT (Indian Institute of Foreign Trade) has acquired an exceptionally special position in the management sector. A portion of the selection representatives searching for ability in this institute is JP Morgan, Amazon, Goldman Sachs, and Google. Likewise, chief trade organizations like Bunge Limited, Archer Daniels Midland, Dreyfus Company, and Cargill Louis visit IIFT. Various former students of the institute hold top situations in reputed organizations, demonstrating that IIFT is certainly a brand you might want to be associated with.
IIFT is perhaps the best institute for foreign trade management, and it goes under the best 10 B-school of India. At the same time, IIM Indore is a top B school and goes under the old IIMs category.
The table shows a concise outline of the organizations.
The table shows a brief overview of the institutions.
| Particulars | IIFT Delhi | IIM Indore |
| Median Salary | Rs. 18.20 Lakh | Rs. 22.92 Lakh |
| Entrance Criteria | IIFT | CAT/GMAT |
| Fees | Rs. 7.6 Lakh | Rs. 7.76 Lakh |
Both IIFT and IIM Indore offer comparable normal CTC, for example, 17-18 LPA.
IIM Indore has a tremendous batch size. This results in the extreme contest both during summer internships and placements.
The decision additionally depends on your interest and choice of specializations. IIM will offer you Management studies, for example, Showcasing, Finance, HR, and so forth. Though, IIFT is useful for style design.
These two fields are totally different and equally extreme to get into. Along these lines, go for the field you are interested in. If you are hardworking and think you can get into IIM, let it all out. These institutes are reputed, but IIM Indore has a superior brand value since it is an old IIM.
Final Thought
IIFT is considered at par with the third category of IIMs, namely IIM KI. This will assist you with concluding which institute to go for.
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