All you need to know about IIFT 17

Established by Ministry of Commerce and Industry; Indian Institute of Foreign Trade selects its candidates on the basis of a selection test every year. Details for the same are as follows:

Pattern

The IIFT paper is divided into 4 sections  – with a total of 6 subsections Summing up to, total no. of questions = 123 and Max Score of 100. IIFT has designed the paper in such a form that it evaluates the command over language, numerical ability, social awareness and reasoning skills of each individual for choosing the best candidate as their student.

Section Section Name No. Of Questions Marks/Question
     I English Comprehension 16 1
Verbal Ability 20 0.75
II General Knowledge & Awareness 25 0.5
III Logical Reasoning   20 1
Data Interpretation 22 0.75
IV Quantitative Analysis 20 1

Important Dates

The major wait of every management aspirant is the dates for IIFT entrance procedure. The date scheduled for IIFT 2017 is as follows.

Event Dates
IIFT Registration Begins Third/Fourth  week of July 2017
Deadline for acceptance of Application (Gen/SC/ST/OBC) First week of September 2017
Issue of Admit Card of IIFT 2017 Third week of November 2017
IIFT exam 26th November 2017
IIFT 2017 Results Fourth week of December 2017
Further Selection Procedure January/February 2018
Final Results March 2018
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Posted by Harit Sharma, Tuesday, July 18, 2017    3:51 PM

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Tips For Good Resume

In today’s competitive world, once you are completed with your MBA, next important step would be recruitment from top organizations. It is the time when the candidate needs to create his/her resume.

At this time the first and foremost step is candidate must know what the resume should be like.  A resume is an observable document, which means that you are summarizing your academics and experiences using a format that is systematic and organized. This resume serves as the candidate’s “First Impression”.

Let us look at the points which should be kept in mind while creating a MBA resume.

  • Provide contact Information

This should be written on the top left corner of the document. It includes your Name, Contact information.

  • Mention the Job title

It is the prime step to provide a job title. It includes an overview that highlights the candidate’s responsibilities, skills, achievements. Candidates who have many years of experience can brief down their workings, like name of the organization and tenure.

  • Use Bullets/Pointers

Always make use of the bulletins. Don’t make your resume too hard to read. Your resume should not look like a novel that scares the readers. So Using bullets, brief down your points. And, do not write unnecessary information.

  • Mention your leadership qualities

Providing candidate’s leadership skills is mandatory on an MBA Resume. Skills like positivity, how motivational you have been at your previous workplace, flexibility, commitment.

  •  Easy to read Resume

The resume should not  be lengthy at all. Recruiters find it boring when it comes to heavy texts.

  • Verifiable Information

The information that is written on your resume should be authentic, like  educational background, contact information. Recruiters reject  MBA applicants if they provide false and fraudulent information.

  • Good use of vocabulary

Make good use of vocabulary words, instead of simple words. As you will be going for the top-notch organizations, you must have good command over the language.

  • No personal information

The recruiters are simply not interested in knowing the candidate’s personal details like, height, weight, marital status, children etc. Do not provide these details as the recruiters find it deficient.

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Posted by Muskan Dagar, Tuesday, July 11, 2017    3:02 PM

Registration for NMAT 2018 Begins

NMAT is the entrance test considered by NMIMS for admission into various courses of Business Management Studies in NMIMS

Important Dates – Registration/ Exam Dates/ Result Dates

GMAC has assumed ownership and management of the NMAT exam in India for the Narsee Monjee Institute of Management Studies (NMIMS). The exam will be retitled the NMAT by GMAC.

  • NMAT 2018 Registration Dates are from 4th July 2017 to 3rd October 2017.
  • NMAT 2018 Exam dates are from 5th October 2017 to 18th December 2017.
  • NMAT 2018 Results will be out in 3rd week of January 2018

The dates for NMAT is announced. The registration for NMAT has been started from 4th July 2017 for admissions in its School of Business Management for academic session 2018-20 and the students, after their formal registrations in NMAT 2018, shall be able to take online test in a window period from 5th October to 18th December 2017 with a choice of two more retakes after first attempt. NMAT 2018 Test Centers are mentioned later in the module.

The best of the three scores will be considered by NIMS for admission.It will allow choice of two retake(i.e three attempts in total).So that the student can try to score better.You may reschedule your appointment if you can’t appear for the original test appointment. You may reschedule your appointment up to 72 hours prior to your original appointment. You may pay for your reschedule using credit card only.

 

Sr. No. Activity Important Dates
1 Registration Start Date     Tuesday, July 04, 2017
2 Registration End Date Tuesday, October 03, 2017
3 Scheduling Start Date     Tuesday, July 04, 2017
4 Scheduling End Date     Monday, October 16, 2017
5 Late Registration Start Date     Wednesday, October 04, 2017
6 Late Registration End Date Saturday, October 14, 2017
7 Registration – Retake Start Date Friday, October 06, 2017
8 Registration – Retake End Date Thursday, December 14, 2017
9 Re- scheduling Start Date Tuesday, July 04, 2017
10 Re-scheduling End Date Friday, December 15, 2017
11 Exam Delivery Start Date Thursday, October 05, 2017
12 Exam Delivery End Date Monday, December 18, 2017
13 Re-take Scheduling Start Date Friday, October 06, 2017
14 Re-take Scheduling End Date Friday, December 15, 2017
15 Announcement of results 3rd week of January, 2018
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Posted by Muskan Dagar, Friday, July 7, 2017    2:02:00 PM

 

Post Graduate Programme in Sustainable Management (PGPSM):IIM Lucknow

IIM Lucknow, at its Noida Campus, is conducting a 2 year full time Post Graduate Programme in Sustainable Management. This programme help students to build an ethos on environment and social responsibility of business. The programme is inter-connecting the economic with social as well as environment system.

Objectives of the Programme:

  • Understand societal development from multiple perspectives
  • Acquire knowledge and skills in functional areas of business management
  • Actively participate in the growing world-wide debate on the purposes and responsibilities of business
  • Become informed, self-aware and socially and environmentally responsible individuals, contributing to social change
  • Challenge the status quo and suggest new and innovative opportunities for businesses to grow without compromising social and environmental responsibilities

Need of Sustainable Management

Businesses today are increasingly being driven by sustainability concerns. Results of surveys conducted by many leading consulting and media houses such as Forbes and Fortune indicate that no business can survive in future without incorporating sustainability principles and practices in its operations. However, this is easier said than done. Here in lies the role of Sustainable Management.

While in the past, ‘sustainability’ as a term was often associated and limited to environmental and social concerns, a hard realization has set-in in the recent years that businesses cannot separate themselves from society and environment. An unstable social and environmental ecology will inadvertently hurt the profit bottom line of business by making the conduct of business expensive. Hence, the only way to deal with the threat of negative environmental and sociological impact of business is to convert them into opportunities of improvements and excellence.

Placement

If we talk about the summer placement of the second batch of the programme, 100% placement recorded with 26 offers to 19 students. 13 recruiters visited the campus.

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Posted by Tanisha Narang, Sunday, May 14, 2017 03:00:00PM

No GD-PI-WAT for IIM Nagpur, Sirmaur, Jammu

Admission process of all the B schools is about to end. Many B schools have already declared the result. We are aware of the admission procedures of the top most IIMs and B schools. However, new IIMs admission criteria is somewhat different from the other B schools. Out of 7 new IIM’s, IIM Visakhapatnam has conducted the it’s own PI/WAT round. 3 IIMs namely IIM Amritsar, Bodhgaya and Sambalpur participated in the Common Admission Process (CAP) 2017 held at IIM Rohtak.

The 3 IIMs namely Nagpur, Sirmaur and Jammu neither conducted their own GD/PI/WAT process nor participate in the CAP. They admitted the students directly, taking into consideration only their CAT’16 percentile, academic score and Work Experience. Whosoever had chosen these 3 IIMs while filling the CAT’16 application form, got a call directly considering their overall score.

IIM Nagpur

The admission procedure followed by IIM Nagpur this year was as follows: from 21st April they contacted the candidates based on their overall score (by call and mails) who had opted for IIM Nagpur while applying for CAT’16. The minimum CAT percentile cut-off was set by the institute. E.g.: the CAT percentile cutoff for General category was overall 90 percentile and sectionwise 80 percentile. They aligned scores to your academics and work experience as well. They gave 50% weightage to CAT score, 30% to Academic Profile and 20% to Work Experience.

IIM Sirmaur & IIM Jammu

The mentor announces that “No Interview will be conducted this year for admission in the class 2017-19. Students who have opted for IIM Sirmaur & Jammu will be called according to their CAT score and their profile.” The IIM Sirmaur & Jammu is going to make a merit list which will be released in May 2017. According to the merit list  students will be admitted. Cutoff for IIM Sirmaur & Jammu will be 80 percentile overall for general candidates with 75 percentile section wise. Both the IIMs will give 50% weightage to the CAT’16 score, 10% to class 12th marks, 10% to the graduation marks, 20% to the work experience, 5% to academic diversity and remaining 5% to the gender diversity.

If you want to study with brand name IIM and you have not scored upto the mark for the top IIM’s you can wait for these new IIMs merit list. Your dream to study in IIM can become a reality.

 

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Posted by Tanisha Narang, Tuesday, April 25, 2017 05:50:00PM

AON Hewitt associate with IIM Bangalore to put forward Human Resource Programme

The HR Consultancy firm AON Hewitt join hands with the IIM Bangalore to develop Human Resource Programme, aiming to build HR leaders. Chief HR Officer  programme aims to develop talented leaders who drives the business outcomes through human resources.

The programme, co-created by Aon and IIM-Bangalore, will be launched in June. It will focus on various aspects including sharpening the understanding of business value chain to identify linkage to people initiatives, designing and execution of business-aligned human capital strategy, re-configuring HR operating models in response to dynamic business demands, driving change such as globalization and acquisitions by leveraging data and technology and steering the transformation journey of an HR organisation.

It is broken into three modules, with 10 days spent on IIM-Bangalore campus. Besides being taught by IIM faculty, participants will work with senior Aon practitioners. “We have partnered with Aon for the design and development of the curriculum, besides being involved with the delivery and marketing as well,” said professor Madan Mohan Raj Athimoolam, chief programme officer-executive education programmes, IIM-Bangalore.

Initially around 30 participants are being targeted for each batch. “There is a general perception that the CHRO is not finding a voice on the board and not bringing enough business perspective to the table. There is an evolving need to understand the business to make an impact at the senior level,” said Athimoolam.

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Posted by Tanisha Narang, Sunday, April 23, 2017 02:40:00PM

Placement 2017:IIFT Delhi & Kolkata break their previous years’ record

The placement period for the class of 2017 of one of the top 10 B school “IIFT” has concluded.  IIFT Delhi & Kolkata broke their previous year record of placements. As we all know, Indian Institute of Foreign Trade (IIFT) is a public management institute set up by the Government of India in 1963.The institute was set up to professionalize country’s foreign trade. The program for which IIFT is considered by students is MBA in International Business.

The class of 2017 of IIFT, consisted of 258 students which is highest as per the last year’s as, 2016 batch consist of 254 and 2015 batch consist of 219 students. 94 recruiters visited this year, which was again the highest number till now. If we talk about average number of offers, there has been an increment of 16%. Out of 258 students, 74 got pre-placement offers, which were 64 last year.

IIFT is known for its International offers. This year 3 students got international offers of more than Rs 1 crore and 6 above Rs 75 lakhs per annum salary package. Total 20 students got international offers from the locations like Dubai, Singapore and Nigeria. The highest domestic salary package drawn was Rs 26 lakhs per annum. The average salary package rose to Rs 18.41 lakhs per annum.

Some of the top recruiters in this placement season were: Sachs, JP Morgan, Godrej, ICICI Bank, Citibank, Axis Bank, HP, Tata Steel, L&T, IOCL, GAIL Citibank, ITC, Marico, Amazon, HDFC, HSBC, Cognizant, Infosys, Wipro, HPCL, SBI. Few new recruiters were also added to the list  they were: , Marico, HDFC Bank, GSK CH, Trafigura, Eli Lilly, Tetra Pak, 3M, Aditya Birla Group, Cipla, Shell, RPG Group, Dell.

Click here to attend a Free CAT Online Demo class by Arun Sharma Sir & Meenakshi Ma’am(Renowned authors of Books for CAT)

Posted by Tanisha Narang, Wednesday, April 12, 2017 03:57:00 PM

 

LIBA & TCS get the wheels turning: PGDM program on Business Analytics to enhance the next-gen Digital talent

Loyala Institute of Business Administration (LIBA), one of the top Management studies Institute Chennai and Tata Consultancy Services (TCS), a leading consulting, global IT services and business solution organization comes together by introducing PGDM program on Business Analytics.

LIBA, Chennai will update its program list from the academic year 2017-2018 by introducing a management program on specialization Business Analytics. There will be an option for the student to choose the full time or part time mode. Initially, there will be 30-35 seats in this program. The whole curriculum for the program will be designed by the TCS specialists only. The collaboration of LIBA & TCS will take the management studies to the next level as it will provide professional skills to the students as well as fulfill the growing demand of the Business Analytics in India.

The TCS will organize “Train The Trainer” program to enhance and upgrade the skills of the faculty according to the industry level. This program include 1 year Executive Diploma for the faculty for which classes will be part time or will be on weekend basis. These classes will be taken by TCS specialists.

Some key highlights of this grand event are:

The Memorandum of Understanding (MoU) of LIBA & TCS partnership was signed in the presence of Fr. Christie S.J, Director – LIBA and Mr. Ranjan Bandyopadhyay, Vice President, HR, TCS, along with and other senior management representatives and academicians from TCS and LIBA on 24th March 2017 in Chennai.

Fr. P Christie S.J, Director, LIBA, said, “It is a momentous event for LIBA to sign a MoU with TCS, the largest IT Company in India, as an Industry Partner to offer programs in the area of Business Analytics. With its expertise, TCS will be able to add value to the students of LIBA. LIBA is the first B-School in India which is forging ahead in signing an agreement with TCS to offer Business Analytics as a specialization for the full-time PGDM students”.

“We are extremely happy to note that LIBA with its focus on excellence and ethics has found a renowned industry partner, which espouses the same values”.

Commenting on the launch of the course, Mr. Ranjan Bandyopadhyay, Vice President, HR, TCS, said, “Analytics is emerging as a key growth area spanning industries. The need of the hour is talent that can work on delivering carefully crafted analytics solutions insights and recommendations to businesses. TCS designed courses bring in contemporary application oriented inputs to the classroom through its academic collaboration. We are delighted to partner with LIBA in the field of analytics.

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Posted by Tanisha Narang, Sunday, April 09, 2017 01:26:00 PM

100% Placement Record In 6 Days: IIM-Kozhikode 2017

As we all know IIM Kozhikode is one of the 20 Indian Institutes of Management which was established in 1996. It was the 5th IIM to be set up that time. It is known for its campus environment, standard of education facilities, management and many more. The different roles of post graduation program are: Sales & Marketing, Finance, Strategy/Operations, IT/Analytics, Consulting, and General Management. It is one of the dream college of the CAT aspirants.

Today, it is in spotlight for its record of 100% placement for 2017 in 6 days. There is a hike in the average salary package also from last year. 2015-2017 was the 19th batch passed out from IIM K which had it’s Convocation on 1st April, 2017.

2017 placement of IIM Kozhikode: 365 offers to 347 candidates from 107 recruiters. There is a hike in the average package also. Last year, the average package was 17.1 lakhs per annum while this year it rose to 17.65 lakhs per annum. The highest package of this year was 37 lakhs per annum. IIM Kozhikode has always shown excellence in terms of placement. If we review the placement record for the last three years of IIM Kozhikode, in 2015 they record 100% placement in 10 days, in 2016 they record 100% placement in 7 days and in this year, 2017 they have successfully recorded placement of 100% in 6 days.

Some of the top recruiters are, Accenture, Deloitte, Infosys, ICICI Bank, Fidelity, JPMorgan Pvt Ltd, HCL, Raymond, Bajaj, YES Bank, Amazon, Microsoft, HCL, Godrej, Sapient, IDBI Bank, Hindustan Petroleum, Indian Oil, Johnson & Johnson, Coca-cola, Wipro, TCS, Aditya Birla, Mahindra, American Express, Mphasis, Philips and many more.

If we review the placements according to the different trades, the highest package offer goes to Strategy/Operations trade i.e. 37 lakh per annum. Next in line is General Management, Consulting, IT/Analytics, Sales & Marketing at last Finance.

Comparison Table of different roles with their offers, highest package offered and some recruiters looking for these roles is given below:

Roles Offers Highest package Recruiters
Strategy/Operations 4% 37 lakhs per annum Mahindra, TAS, Aditya Birla group, etc.
General Management 8% 33.4 lakhs per annum Reliance, RPG, Microland, Kalyan Group etc.
Consulting 24% 32.1 lakhs per annum TCS, Wipro, IBM, Deloitte, Accenture, Cognizant etc.
IT/Analytics 13% 32 lakhs per annum HCL, Microsoft, American Express, Hexaware, etc.
Sales & Marketing 25% 27 lakhs per annum SBI, Tata Steel, Raymond, Sapient, Lenovo, Maruti, Godrej etc,
Finance 26% 21 lakhs per annum Axis Bank, IDBI, ICICI, IOCL, Yes Bank, Fidelity etc.

 

Summarizing the profile of 347 candidates of ‘2017’ batch, 80% candidates were having work experience and 20% were freshers. As in every field engineering students holds the most of the seats, similarly here 92% candidates belongs to engineering background, 3% from commerce, 3% from Pharma 7 Sciences, 1% from Management and rest 1% from Arts background.

Concluding, the Chairperson-Placement & Prof. Priya Nair Rajeev of IIM K says, “We hope to build stronger relationships with our recruiters and continue to take IIM Kozhikode to greater heights and to nurturing managers, leaders and thus contributing to industry and society”.

Click here to attend a Free CAT Online Demo class by Arun Sharma Sir & Meenakshi Ma’am(Renowned authors of Books for CAT)

 

Posted by Tanisha Narang, Saturday, April 08, 2017 02:00:00 PM

B School Admissions: Impact of your Academic Profile

mba

“How much does Class X and XII marks affect my chances of getting a seat in a good B-school?” or “I had poor marks in board exams or in my graduation, should I be worried?” or “I dropped a year in between, is this going to decrease my chances?”. These are some of the questions which bug a large portion of students preparing or planning to prepare for CAT exam. Many students take it seriously and seem to lose confidence because of it. In this article, I will try to present my view point and opinions on this issue.

Question : I have a really low percentage in Class 10th and 12th. Will this hamper my chances of getting into the old IIMs?

First of all, when it comes to taking the CAT exam, the X, XII and graduation marks are used only for checking the eligibility for the exam. Therefore, your percentile will not be affected at all by your grades irrespective of good or bad they are. Then comes the issue of getting calls from good B-schools after CAT results. In this context, your grades do matter and its impact differ depending on the B-school. For example, IIM-A has an ‘AR’ rating which is used besides your CAT score to decide who should be given the call. As per this system, there is a significant impact of your grades. There is a difference of 19 points on a scale of 100 between two students (one who got 79% in X, XII and graduation and the other who got 80% in all the three) whereas IIM-C doesn’t even take graduation marks in consideration. Overall, grades might hurt your chances in getting calls from some of the B-schools, but the number is still small. Besides, in most cases where you are at a disadvantage, you can make up for it with a high percentile.

Once you get a call, you must rejoice and stop thinking about your grades, though, you may be asked about them and the answer you give will be scrutinized by the interviewer. A good score in Class X, Class XII as well as graduation shows that the person is a very consistent performer. Obviously, such a candidate has his/her grades or scores to back-up the claim of being a well-deserved candidate for that B-school as well as to convince the panel for the same. However, having poor scores in one or maybe 2 of those, doesn’t necessarily mean that the person is not well suited for MBA. I have come across many B-school students including students belonging to IIMs who do not have stellar academic record throughout their student life.

Hence, the question which should be asked is, what can be done to compensate ordinary grades? The answer is simple – a convincing justification. There are many students who are involved in significant amount of qualityextra-curricular and co-curricular activities. I used the terms ‘significant’ and ‘quality’ in the previous sentence deliberately because just joining multiple ‘open for all, just pay the membership fee, do nothing and get certificates’ kind of committees won’t help you much. Similarly, just participating in everything and not winning or not standing among finalists will not be much of a value addition. For example, if you have been taking dance lessons and practicing for years for which you substituted some of your study time and as a result got selected for performing at state level events, then this is something you must highlight in the interview and convince the panel that your interest was more towards dancing and that you made it worth. Interviewers would surely give you a chance to justify and you have to make the most out of it.

Having seen myself and my peers trying to (consciously and sub-consciously) “calculate” their chances by adding up the profile-related points, I can assure you that this of no significant gain. In case the numbers are in your favor, does this guarantee that even with poor interview you will succeed or if numbers are against you, then you don’t stand a chance? Absolutely not. The bottom line is that you have to give your best irrespective of your profile or percentile. Be confident and deliver the best interview performance from your side and you’ll get what you deserve.

Question: I have dropped a year after graduation. I have too much of work-ex. Will this hamper my chances of getting into a good B-School?

Similar advice is for those who dropped a year or have too much of work-ex. If you dropped a year due to medical issues, convey it to the interviewers and if for some other reason, then, justify why you did so and what significant things you gained by doing that. Did it help you in getting to a good college or helped in preparation of CAT etc. The better you justify it and back-up your claim, the better it will be. The interviewers will never have any prejudice against you and hence you should focus on what is in hand rather than what is not. Also, many of my B-school peers have nearly 4 or more years of experience. They might have had some disadvantage but that was not big enough to stop them, then why should you give up? IIM-C gives points for work-ex with experience of 3 years given the highest weightage and if I remember correctly, the weightage for 4 year experience is equal to that of 2 years. (The last statement is only to show that work-ex is not taken negatively and keeping up with what I said earlier, one should not read much into it and just realize that work-ex is not as important as your performance in CAT and interviews).

Also, if you have quite a lot of work-ex, then you can use it for your advantage also. You will have to come up with some good points which proves that you have learnt something extra in those extra years of your work experience. More years of work could also lead to working on diverse projects, leading a project with multiple sub-ordinates etc. can be some of the points you can refer to. You must also justify why you are planning to go for MBA after you have been working for quite a lot of time. 

So don’t worry about the things that have happened in the past as you do not have a control over it. Try to give your best shot in CAT and the interviews, things will automatically fall into place.

You can post your queries regarding any such doubts that you have related to CAT in the below comment section. Will try to come up with another article on such type of queries.  

All the Best for CAT 2016!!! 

Click here to attend a Free CAT Online Demo class by Arun Sharma Sir & Meenakshi Ma’am(Renowned authors of Books for CAT)

Posted by Yogita Kapoor Monday, October 03, 2016 5:52:00 PM Categories: