Foreign Trade Degree

Foreign Trade Degree

This article will tell you everything you need to know about a Foreign Trade Degree – starting from list of courses to potential employment opportunities.

Foreign trade between countries is a crucial factor in raising standard of living, providing employment, earning exchange reserves and enabling consumers to enjoy a greater variety of goods.

International trade has occurred since the earliest civilizations began trading, but in recent year international trade has become increasingly important with a larger share of GDP devoted to exports and imports.

To handle such a domain a company requires well trained professionals good at technical, communication, negotiation and people skills. There is a growing need of such skillful personnel which has made international business a lucrative option for global job opportunities.

• Foreign Trade Degree – Eligibility Criteria and Courses

In India majority of courses offered by university and autonomous institutions are for Post Graduate level. Few like Jamia Millia University, New Delhi and DPSAB, offer bachelor courses related to Foreign Trade Management.

Undergraduate Courses would require 10+2 with 50% minimum in academics.

Post Graduate would generally require – 10 + 2 + 3 with 50% track record in academics.

However, this criterion is subject to change, depending upon university, profile and competition.

Apart from the long courses one can also opt for Diploma courses ranging 6 months to 1 year in Foreign Trade Management at various institutes. The criteria are different for such courses as they teach basics, advanced, specific subjects all related to foreign trade, exports and imports.

• List of Courses:

Diploma Courses

Diploma in International Business

Diploma in International Trade

Diploma in Foreign Trade Management

Bachelor Courses:

B.Com. in Foreign Trade Management

Bachelors in Business Administration – BBA in Foreign Trade

Bachelors in Foreign Trade Management

Master Courses:

Master of Business Administration (MBA) in Foreign Trade

Master of Arts (MA) in Foreign Trade

M.COM. In Foreign Trade Management

Masters in International Business

Post Graduate Diploma in Foreign Trade

Post Graduate Diploma in International Business

Doctoral Courses:

1. Phil. In International Trade and Development

• Securing Admission

Admissions to MBA and Post Graduate courses in Top Management institutes like IIM Ahmedabad, Indian Institute of Foreign Trade (IIFT), Indian Institute of Commerce and Trade Lucknow, Department of Economics, Pune will require a candidate to give national level examinations like Common Admission Test (CAT), Common Entrance Test (CET), IIFT Test, Graduate Management Aptitude Test (GMAT) and others applicable.

Apart from the entrance test, some institution offers admission on the basis of Aptitude Test, Group Discussion, and personal interviews.

• Books to Read

International Trade System by Alice Landau

Financing International Trade by James Baker

Fair Trade and Global Justice: Global Ethnographic by Sarah Lyon, Mark Moberg

International Business by Daniels and Radebough

International Business by Sundaram and Black

International Marketing by Cotera

International Marketing by Onkivisit and Shaw

International Marketing by Bhattacharya

• Major Cities – Pursue courses/ Employment Opportunities:

Mumbai

Delhi

Chennai

Kolkata

Bangalore

Pune

Port areas like Vizag, Mundhra, JNPT and others.

This is just an indicative list new opportunity at Socio Economic Zones, Micro Small and Medium Enterprise Clusters and various other government departments in diverse locations also available.

• Potential Employment Opportunities.

International Trade is expanding in India currently with prospects of Make in India, Skill India, favorable foreign trade policy and increased bilateral ties. This will open huge number of opportunities for candidates in various fields.

• Few Designations:

Management Trainee

Global Trade Manager

Foreign Trade Zone Analyst

Trade support Manager

Coordinator

Legal Aspects

Foreign Currency Manager

Relationship Manager

Business Consultant

Trade Operations

International Marketing Manager

Financial Analyst

Financial Modelling

SCM – Analyst

Human Resources Manager

• Employment Areas:

Export Units

Export Promotion Council

Selling and Buying Houses

Credit Rating Agencies

Third Party Inspection Agencies

Trade Regulations Body

Goods Companies

Custom Houses

Airport Authorities

Shipping Corporations

Auction Houses

One can also setup entrepreneurial venture in export, import of agricultural produce, advance IT systems, processed food, organic food, electronics etc.

• Salary and Perks

Post graduate trainees from the best institutes command a lucrative package of few lakhs. The entry level graduate would start between Rs 15000 – Rs 35000 subject to qualification, skills and knowledge.

There might be chances of offsite and benefits of visiting countries. Opportunities of networking by interacting with foreign officials, individuals and entrepreneurs.

With good experience and domain knowledge one can easily earn Rs. 10 to Rs 15 Lacs per annum.

• Universities/ Institutions

Indian Institute of Foreign Trade, New Delhi
Contact Information
IIFT Bhawan
B-21, Qutab Institutional Area
New Delhi
Phone : +91-11-26965124, 91-11-26965051
Fax : +91-1126853956

Indian Institute of Materials Management
Contact Information
Plot Nos. 102 & 104, Sector – 15, Institutional Area
CBD Belapur, Navi Mumbai – 400614
Phone : (022) 2756 5741 (D) 2757 1022
Fax : 2756 5592
Website : www.iimm.org

National Institute of Export Management
Contact Information
AG, Anandraj Villa, 7, Second Canal Cross Road,
Gandhinagar, Adyar, Chennai- 600 020,
Phone : 044- 24401521, 044- 24422438
Email : [email protected]
Website : www.niemglobal.com

Indian Institute of International Business
Contact Information
No: 21, Kumaran Nagar Main Road,
Anna Nagar East, Chennai. 600102
Phone : 9444837393, 444755051, 09387614866
E-Mail : [email protected]
Website : www.iiib.net

Symbiosis Institute of International Business, Pune
Contact Information
Symbiosis Infotech Campus
Plot No. 15, Rajiv Gandhi Infotech Park
MIDC, Hinjewadi
Pune – 411 057
Maharashtra
Phone : 020- 22934314 / 17 / 18 / 19
Fax : 020- 22934316
E-Mail : [email protected]
Website : www.siib.ac.in

Indian Institute of Packaging, Mumbai
Contact Information
E-2 MIDC Area, Andheri East
Post Box No. 9432, Mumbai – 400093
Phone : 91-022-28219803 / 28219469 / 28216751, 28254631
Fax : 28375302, 28328178
Email : [email protected]
Website : www.iip-in.com

1. P. Jain Institute of Management and Research, Mumbai
   Contact Information
   Munshi Nagar, Dadabhai Road, Andheri West
   Mumbai – 400 058, India
   Tel: +91-22-2623 7454 / 0396 / 2401
   Fax : +91-22-26237042
   Email : [email protected]
   Website : www.spjimr.org

• Other Institutions:

• XLRI – Xavier Labour Research Institute, Jamshedpur
• ISB – Indian School of Business, Hyderabad
• FMS – Faculty of Management Studies, University of Delhi
• Management Development Institute, Gurgaon (MDI)
• Narsee Monjee Institute of Management Studies, Mumbai (NMIMS)
• T. A. Pai Management Institute, Manipal (TAPMI)
• Loyola Institute of Business Administration, Chennai (LIBA)
• Prin. L.N. Welingkar Institute of Management (Mumbai)

Career Opportunities are increasing for those holding a Foreign Trade Degree.

This was our article on Foreign Trade Degree.