The Fortune Institute of International Business (FIIB) is a private business school in Delhi, India. It was founded in 1995 by Dr. Achyuta Samanta, a renowned educationist and social activist.
FIIB : Courses Offered, Admission Process
Courses Offered at FIIB
FIIB, the Fortune Institute of International Business, takes pride in its diverse array of programs that span across undergraduate, postgraduate, and doctoral realms, primarily focusing on management, business administration, and finance.
Among the sought-after programs at FIIB are:
- PGDM: The Post Graduate Diploma in Management stands as a hallmark of academic excellence at FIIB, nurturing future leaders in the world of business.
- PGDM in Business Analytics: This specialized program delves deep into the realm of business analytics, equipping students with the skills to decipher data and derive strategic insights.
- PGDM in International Business: In an increasingly globalized world, this program grooms students to navigate the complexities of international business operations with finesse.
- PGDM in Financial Management: Finance forms the backbone of any business, and this program ensures that students have a comprehensive understanding of financial management strategies.
- MBA: The Master of Business Administration program at FIIB is a testament to academic rigor, preparing students for leadership roles in the corporate world.
- Executive MBA: Designed for experienced professionals, the Executive MBA program provides an opportunity for further career advancement and leadership.
- Doctor of Philosophy (PhD) in Management: For those who aspire to delve deep into the realm of management research, the PhD program offers a path of discovery and contribution to the field.
Admission Process at FIIB
The journey to become a part of FIIB’s prestigious programs entails a structured admission process that may vary based on the specific course and program of interest. Nonetheless, the general admission procedure stands as follows:
- Online Application: Prospective students are required to complete and submit an online application form through the official FIIB website, marking the beginning of their journey.
- Entrance Examination: For most programs, aspiring candidates are required to demonstrate their mettle through entrance examinations such as CAT, GMAT, XAT, or MAT.
- Written Ability Test (WAT): Shortlisted candidates are invited to partake in a Written Ability Test (WAT), a platform to showcase their written communication skills.
- Personal Interview (PI): The journey further progresses with shortlisted candidates participating in a Personal Interview (PI), a pivotal step to assess their suitability for the chosen program.
- Admission: Finally, the institution extends its hand of welcome to selected candidates, marking the beginning of their academic journey at FIIB.
Eligibility Criteria
The eligibility criteria for admission to FIIB may exhibit variations contingent upon the specific course and program under consideration. Nonetheless, the overarching eligibility criteria encompass the following:
- An undergraduate degree from a recognized university, distinguished by a minimum of 50% marks.
- A valid entrance examination score, with options including CAT, GMAT, XAT, or MAT.
FIIB : Faculty, Facilities, and Resources
Faculty
The esteemed Fortune Institute of International Business (FIIB) is graced by a cadre of exceptionally accomplished and seasoned educators. Among these erudite mentors, a significant proportion boasts hands-on industry expertise and possesses an extensive network within the corporate sphere. Their unwavering dedication is channeled toward imparting students with superlative education, aligning them with the path to attain their zenith in careers.
Facilities
FIIB’s sprawling and state-of-the-art campus is meticulously furnished with all the requisite amenities to facilitate students’ learning and burgeoning. The campus enshrines:
- Classrooms enshrouded in the embrace of air-conditioning, replete with avant-garde multimedia infrastructure, rendering the pedagogic process immersive and insightful.
- A well-stocked library housing a wide spectrum of tomes, periodicals, and journals, catering to an expansive span of academic domains.
- Laboratories equipped with the acme of contemporary software and hardware, providing students with the tools to explore the frontiers of technology.
- Auditoriums and conference halls that serve as the hallowed venues for symposia, workshops, and the cross-pollination of ideas.
- Comprehensive sporting amenities encompassing a cricket ground, football pitch, basketball court, and volleyball court.
- A fully equipped gymnasium that invigorates the spirits of fitness enthusiasts.
- The gastronomic haven of a canteen, where the culinary delights are served to complement the intellectual feasts.
- Homely hostel facilities that offer a retreat for out-of-town scholars.
Resources
In its unswerving commitment to student success, FIIB unfurls an eclectic array of resources to propel students toward academic excellence and a triumphant career trajectory. These resources span:
- Access to boundless virtual repositories and journals, propelling the boundaries of research and knowledge.
- A comprehensive career counseling and placement apparatus.
- The crucible of entrepreneurship, manifested in the form of the Entrepreneurship Cell.
- Interfaces with industry stalwarts, fortified through immersive industry visits and enlightening guest lectures.
- Cross-cultural enlightenment facilitated by international exchange programs and study abroad initiatives.
FIIB MBA Fees
The MBA program at FIIB costs INR 8.75 lakhs for the entire course. This includes tuition fees, examination fees, computer lab charges, library charges, and alumni life membership.
Students are also required to pay a caution deposit of INR 20,000 and a commitment fee of INR 75,000 at the time of admission. The caution deposit is refundable after completion of the program, subject to clearance of all dues and damages to Institute properties/assets. The commitment fee is adjusted in the first fee installment.
Fees Structure for PGDM
| Fee | Amount (INR) |
|---|---|
| Tuition Fee | 10.3 Lakhs |
| Development and Administration Fee | 1 Lakhs |
| Book & Materials and Laptop | 1 Lakhs |
| Hostel and Utility Charges | 2 Lakhs |
| Mess Charges | 2 Lakhs |
| Grand Total | 16.3 Lakhs |
FIIB Important Dates
| Date | Event |
|---|---|
| November 2023 | Online application opens |
| January 2024 | Online application closes |
| February and March 2024 | Written Ability Test (WAT) and Personal Interview (PI) |
| April 2024 | Admission offer |
| May 2024 | Admission confirmation deadline |
| June 2024 | PGDM program commences |
FIIB Expacted Cutoff 2024
The expected cutoff for the Fortune Institute of International Business (FIIB) in 2024 will depend on the program and the number of applicants. However, based on previous year trends, the expected cutoffs for the PGDM and MBA programs are as follows:
| Course | Expected Cutoff |
|---|---|
| PGDM | 75-80 percentile |
| MBA | 70-75 percentile |
FIIB Scholarship
Financial Aid Opportunities at the Fortune Institute of International Business (FIIB)
FIIB extends a plethora of financial aid opportunities to commendable students. These awards are bestowed based on academic distinction, financial exigency, and various other discerning parameters.
1. FIIB Merit-Based Scholarship Programme
The esteemed FIIB Merit-Based Scholarship Programme is conferred upon the top decile of students admitted to the PGDM and PGDM-FM programs. These scholars are privileged to avail themselves of a subsidy that encompasses up to 100% of the tuition fee.
2. FIIB Scholarships – Tuition Assistance Programme (TAP)
The FIIB Scholarships – Tuition Assistance Programme (TAP) is a felicitation directed towards meritorious pupils, anchored in their academic feats, competitive examination scores, and vocational achievements. Recipients of this accolade are accorded financial backing of up to Rs. 2,20,000 per pupil.
3. Need-based Scholarship
The Need-based Scholarship is a lifeline granted to deserving scholars ensnared in the mires of financial incapacity. This munificence is dispensed on a case-by-case adjudication.
4. R. K. Shrivastava Scholarship Programme
The eminent R. K. Shrivastava Scholarship Programme commends the crème de la crème of students in the PGDM program at the culmination of their inaugural year. The beneficiaries of this scholarship are privileged to have up to 50% of their tuition fee defrayed.
5. Additional Scholarships
In its commitment to fostering erudition, FIIB also extends various other scholarship programs, including but not limited to:
- Women’s Scholarship
- Defense Scholarship
- Alumni Scholarship
- Sibling Scholarship
- International Student Scholarship
6. Eligibility Criteria
To be eligible for FIIB’s benevolent scholarships, students must align with the ensuing criteria:
- Possession of a valid GMAT, CAT, XAT, or MAT score.
- Distinction in the annals of academics.
- Conformance with the particular eligibility prerequisites of the scholarship program.
7. Application Procedure
Prospective beneficiaries of FIIB’s scholarships are required to complete the digital scholarship application form, obtainable on the FIIB website.
8. Selection Rigmarole
The process of selection for FIIB scholarships hinges on a comprehensive evaluation of academic excellence, competitive examination scores, professional experience, and sundry other discerning facets.
9. Monetary Endowment
The magnitude of the financial endowment is contingent on the precise scholarship program. Nevertheless, a conspicuous proportion of the tuition fee is encompassed within the ambit of most scholarships.
FIIB Notable Alumni
- Patralekha Mohanty – Co-founder and CEO of MyUpchar, a healthtech startup
- Ranu Vaish – Managing Director and CEO of FSL India Ltd., a leading logistics company
- Abhishek Bansal – Co-founder and CEO of Policybazaar.com, an online insurance marketplace
- Ajoy Jha – Director of Maral Overseas Ltd., a leading exporter of agricultural products
- Dr. Purnima Rao – Alumni Chair at FIIB and a renowned educationist
- Dev Shankkar – Chief Operating Officer of Paytm Money, a leading online investment platform
- Jitandra Singh – Managing Director of Adecco India, a leading HR services company
- Rahul Verma – Co-founder and CEO of Meddo, a healthtech startup
FAQ'S:
A: The admission requirements for FIIB vary depending on the program. However, most programs require a valid GMAT, CAT, XAT, or MAT score, a good academic record, and a personal interview.
A: FIIB has a strong placement record. In 2023, the average salary package for FIIB graduates was INR 7.5 LPA. Some of the top companies that recruit from FIIB include Amazon, Accenture, Cognizant, Infosys, TCS, Deloitte, EY, KPMG, PwC, HDFC Bank, and ICICI Bank.
A: FIIB offers a variety of scholarships to deserving students. These scholarships are awarded based on academic merit, financial need, and other factors. Some of the popular scholarships offered by FIIB include the FIIB Merit-Based Scholarship Programme, FIIB Scholarships – Tuition Assistance Programme (TAP), and Need-based Scholarship.
