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 in International Business
Diploma in International Trade
Diploma in Foreign Trade Management
B.Com. in Foreign Trade Management
Bachelors in Business Administration – BBA in Foreign Trade
Bachelors in Foreign Trade Management
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
- 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:
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:
Global Trade Manager
Foreign Trade Zone Analyst
Trade support Manager
Foreign Currency Manager
International Marketing Manager
SCM – Analyst
Human Resources Manager
- Employment Areas:
Export Promotion Council
Selling and Buying Houses
Credit Rating Agencies
Third Party Inspection Agencies
Trade Regulations Body
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
B-21, Qutab Institutional Area
Phone : +91-11-26965124, 91-11-26965051
Fax : +91-1126853956
Indian Institute of Materials Management
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
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
No: 21, Kumaran Nagar Main Road,
Anna Nagar East, Chennai. 600102
Phone : 9444837393, 444755051, 09387614866
E-Mail : [email protected]n
Website : www.iiib.net
Symbiosis Institute of International Business, Pune
Symbiosis Infotech Campus
Plot No. 15, Rajiv Gandhi Infotech Park
Pune – 411 057
Phone : 020- 22934314 / 17 / 18 / 19
Fax : 020- 22934316
E-Mail : [email protected]
Website : www.siib.ac.in
Indian Institute of Packaging, Mumbai
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
- P. Jain Institute of Management and Research, Mumbai
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.