Commonly Asked Questions about NIFT's MFM Course

Commonly Asked Questions about NIFT MFM course
This is the question asked by one of the prospective candidate of NIFT, MFM programme. I am reproducing questions and answers verbatim.
Question
as i told u i have been shortlisted for gdpi M.FTech(fashion management)first of all i want to know what do they ask in psychometric test ,is it tough or easy is any special prapartion required 4 it & in interview do they ask academics or general ques . & what is its scope,growth oppourtinities,pay scale,job kis type ki hoti hai,& is there much difference between fashion management & mba with specialisation in marketing p.Plz reply soon koi ques miss mat kariyega & i have my gdpi on 20&21 so plz reply as soon as possible

My Answer

Psychometric Test

1. The main aim of psychometric test is to judge the consistency in your statements - integrity- as they call it. So just be yourself and be consistent in giving your answers. The best way is to be honest. Becasue the questions are too many in too short a time, so anymade up answer will be caught at a later stage, as they normally reframe questions/answers.

Type of Interview and prepartion Required
2. In interviews they will ask about your academics, what prompts you into taking this course, what do you know about garments, retail industry etc. Especially they will ask about some of the brands coming up at your place, your favourite designer and questions of such type. All the questions will be perfunctory and no in depth study is required.you will do well to have a look at my fashion blog http://myfashionnotes.blogspot.com/

for a general knowledge and current status of apparel retail industry, you can have a look at
http://www.retailangle.com/
If you enjoy criticizing what a person is wearing, have a look at the blog
http://gofugyourself.typepad.com/

I hope that will prepare you for the interviews.
Scope of MFM Course
3. Scope of This course which is renamed as Master of FashionManagement is very wide, it will take you from the business of apparel and garments ( as merchandisers, buyers, brand managers, supply chain managers) , software analyst for retail to gems, jewellery, mobile phones,watches and even social networking websites. So you have plenty of
options to choose from.

Growth Opportunities

4. Growth opportunities are immense, just be in the industry and see yourself as a country head for a brand within 7-10 years ( Equivalent to President for a country)

Payscale
5. You will start from a payscale of around 35000 in hand per month( gross will be around 5 lakh), within 3 years( hope fully with some changes) youwill find yourself in the bracket of 12 l and after that sky is the limit ( provided retail boom continues as it is )

Type of Job
6. Job ranges from order fulfillment, to running around, meeting buyers, vendors, deciding ranges and a whole gamut of managerial activities.

Difference between MFM and General MBA
7. The main difference between MFM and a general MBA is that you will do all activites of marketing PLUS there are some skills that only you can do:
1. Planning ranges- which garment will sell, which color, what price points
2. Planning discounts
3. Visual merchandising- decorating your store according to the positioning
4. Coordinating themes- How to interpret environmental cues intomeaningful designs.
and Of course, you will find yourself suited for only jobs related to apparels.