Foreign Trade Courses: Foreign Trade Courses hold great significance among Commerce stream students. However, there is no limit line drawn associated with students hailing from any stream. Foreign Trade courses hold ample rewarding career opportunities in India.
With the advent of Globalization, international borders have become porous, and the importance of Foreign Trade has increased manifold over the last few decades. Foreign Trade courses equip students with knowledge that affect the global marketplace.
Below is the recorded structure course for aspirants to pursue after twelfth or after graduation. This report covers the overall topics like prospectus, course gradations, particulars on qualification, the confirmation process, fee structure, and vocation possibilities.
Get to Know More about other types of Course Details Streamwise, and Category wise.
- Foreign Trade Courses in India
- Scope of Foreign Trade Courses
- Foreign Trade Course Details
- Foreign Trade Courses Admission Procedure
- Entrance Examinations for Foreign Trade Courses
- Top Institutions for Foreign Trade Courses
- Career Prospects of Foreign Trade Holders
- Prime Recruiters for Foreign Trade
- Job Profiles of Foreign Trade Course Holders
- Salary Prospects of Foreign Trade Holders
- What are the various course levels available for Foreign Trade courses?
- What are the eligibility criteria to pursue Foreign Trade courses?
- What are the factors that accelerate the high pay package?
- What is the scope of Foreign Trade courses in India?
Fundamental Details on Foreign Trade Courses
Foreign Trade is commonly known as International Trade that deals with the exchange of capital, services, and goods across International territories and boundaries. Both government and private institutions across the country offer various levels of Foreign Trade programs in both online and regular mode.
Foreign Trade is a vast field that encompasses several aspects such as Foreign Trade Regulations, Import, Export, International Business Laws, and Trade Policies. The perfect example of Foreign Trade is the import of crude oil from the Middle Eastern countries into India every year.
Trade relations have existed since ancient times between different countries, and the benchmark of Globalization has given access to markets that were previously sealed. Globalization has upsurged international trade across the globe. Technology has revolutionized global trade resulting in a know-off effect.
Foreign Trade Courses in India
In India, Foreign Trade programs are widely available in various formats. Some of the notable Foreign Trade course formats are –
- Bachelor’s Degree courses
- Master’s Degree courses
- PG Diploma courses
- PG Certificate courses
- Doctoral programs
Bachelor’s Degree courses is an undergraduate level program usually 3 to 4 years long. This program level is applicable for candidates who have completed their 10+2 in any stream with a minimum aggregate from a recognized board or institution.
Candidates who have completed the relevant Bachelor’s Degree program are eligible to pursue a Master’s Degree program. The Post-grad course programs are usually two years long.
Post-Graduation Diploma courses are usually conducted for a year or two based on the institution. This course is applicable for candidates who have completed the relevant Bachelor’s Degree program.
Post-Graduation Certificate courses are generally a short-term course for one year that is pursued for one year. This course is applicable for candidates who have completed the relevant Bachelor’s Degree program.
Candidates who have completed the relevant Master’s Degree courses are eligible to pursue Doctoral programs such as Ph.D. and M.Phil.
Scope of Foreign Trade Courses
No country is self-sufficient in terms of services and resources, and this is meted out through import from other countries. This constant exchange on a global basis highlights the importance of Foreign Trade that builds economies.
A decline in Global Trade creates a negative impact on the national and international economy. However, Foreign Trade holds enormous scope:
- Foreign Trade opens a vast platform for career opportunities like commerce, accounts, trade, banking, etc.
- This course provides students with excellent support in the international business field and prepares them for a professional qualification in international business and trade.
- Graduates are given career opportunities in export houses to search for new business hubs, increase the oversea trades, etc.
- Graduates are given career opportunities in marketing executive sector to plan strategies based on marketing research.
Foreign Trade Course Details
Here are a few formats of Foreign Trade course programs in India:
- Diploma Courses
- Bachelor’s Degree Course Program
- Master’s Degree Courses
- PG Diploma Courses
- PG Certificate Courses
- Doctoral Courses
Diploma Courses
- Diploma in International Trade
- Diploma in Foreign Trade Management
Course Duration: Diploma course programs are conducted for six months.
Fee Structure: The applicable fee structure for Diploma Courses in Foreign Trade fluctuates around INR 2300 to INR 3000, depending on the institution.
Eligibility Criteria: Interested candidates must have completed their higher secondary education with an average aggregate from recognized institution or board.
Bachelor’s Degree Course Program
- Bachelor’s of Business Administration in International Business
- Bachelor’s of Business Administration in Foreign Trade
- Bachelors’ of Art in Foreign Trade
- B.Com. Foreign Trade
- BFT (Bachelor of Foreign Trade)
- Bachelor’s of Business Administration + Master’s of Business Administration Integrated programs
Course Duration: Bachelor’s course programs are usually an undergraduate level that is conducted for three years long.
Fee Structure: The applicable fee structure for Bachelor’s Course programs in Foreign Trade fluctuates around Rs. 4.5 Lakhs to Rs. 6 lakhs, depending on the institution.
Eligibility Criteria: Interested candidates must have completed their higher secondary education with an average aggregate from recognized institution or board.
Master’s Degree Courses
- MBA in International Trade
- MBA in Foreign Trade and Management
- MA Foreign Trade
- M.Com. Foreign Trade
- MFT (Master of Foreign Trade)
- M.Com. Trades & Services
- Master in International Business
Course Duration: Master’s course programs are usually a post-graduate level that is conducted for two years.
Fee Structure: The applicable fee structure for Master’s Course programs in Foreign Trade fluctuates around Rs. 1.0 Lakhs to Rs. 4 lakhs, depending on the institution.
Eligibility Criteria: Interested candidates must have completed their Bachelor’s Degree in the relevant field with an average aggregate from recognized institutions or boards.
PG Diploma Courses
- PG Diploma in International Trade
- PGDM
- Advanced Diploma in International Business
- PG Diploma in Foreign Trade Management
- Advance Diploma in Foreign Trade
Course Duration: PG Diploma course programs are usually a post-graduate Diploma level conducted for a year or two, based on the course and institution.
Fee Structure: The applicable fee structure for Master’s Course programs in Foreign Trade fluctuate around Rs.10, 000 to Rs. 25 Lakhs, depending on the course and institution.
Eligibility Criteria: Interested candidates must have completed their Bachelor’s Degree in the relevant field with an average aggregate from recognized institutions or boards.
PG Certificate Courses
- PG Certification in International Trade
- PG Certification in Foreign Trade Management
Course Duration: PG Certification course programs are usually conducted for six to twelve months, based on the course and institution.
Fee Structure: The applicable fee structure for Master’s Course programs in Foreign Trade is around Rs. 75,000. This depends on the chosen course and institution.
Eligibility Criteria: Interested candidates must have completed their Bachelor’s Degree in the relevant field with an average aggregate from recognized institutions or boards.
Doctoral Courses
- Ph.D. in Foreign Trade
- M.Phil. in Foreign Trade
- M.Phil in International Trade and Development
Course Duration: The course duration for doctoral course programs remains flexible based on the individual and institution.
Fee Structure: The applicable fee structure for Master’s Course programs in Foreign Trade is around Rs. 7.5 lakhs depending on the course and institution.
Eligibility Criteria: Interested candidates must have completed their Master’s Degree in the relevant field with an average aggregate from recognized institutions or boards.
Foreign Trade Courses Admission Procedure
Several reputed institutions complete admission through the merit-based process. These institutions conduct standard entrance examinations to select the candidates. However, individual institutions conduct qualifying tests as a part of their admission process. Some institutions conduct a direct entry admission process as well as a donation-based admission process.
Several well-established institutions conduct various entrance examinations. Apart from entrance examinations, certain institution conducts the admission procedure based on Aptitude Test, followed by Group Discussion, and Personal interviews. Some of the entrance examinations for Foreign Trade courses are listed below:
Entrance Examinations for Foreign Trade Courses
- Common Admission Test (CAT)
- Management Aptitude Test (MAT)
- Xavier Aptitude Test (XAT)
- Graduate Management Admission Test (GMAT)
- Common Management Admission TestCMAT 2020)
- Indian Institute of Foreign Trade ( IIFT 2020)
- CUSAT Common Admission Test (CUSAT 2020)
Top Institutions for Foreign Trade Courses
Government and private institutions across India offer Foreign Trade courses. Government institutions offer relatively lower fee structure in comparison to their private counterparts.
- Indian Institute of Foreign Trade, New Delhi
- Indian Institute of Commerce and Trade, Lucknow
- Indian Institute of Management (IIM),
- Department of Economics, Pune University, Pune
- Devi Ahilya Vishwa Vidyalaya, Indore
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Career Prospects of Foreign Trade Holders
Foreign Trade graduates open the gates of diverse career opportunities that provide career access to both Government and Private sector jobs.
Global trade is a vast field that comprises various aspects like export, import, laws, policies, etc. Therefore, this field holds excellent profiles. Based upon your qualification and specialization, you can hold top managerial posts.
Prime Recruiters for Foreign Trade
- Import & Export Agencies
- Multinational Corporations (MNCs )
- International Trading Firms
- Logistics Firms
- Port Trusts
- Supply Chain Management Firms
- Government Departments like Customs, IMPEX, etc
- Consultancies
Job Profiles of Foreign Trade Course Holders
Graduates may don the following career roles –
- Import Manager
- Foreign Trade Analyst
- Facility Supervisor
- Export Manager
- Supply Chain Manager
- Government Officer
- Facility Manager
- Consultant
- Trade Specialist
- Logistics Manager
- Legal Officer
Graduates may even start their consultancy or trading firm as entrepreneurship is a prominent opportunity for foreign trade professionals.
Salary Prospects of Foreign Trade Holders
The average pay package for Undergraduate freshers can fluctuate around Rs. 20,000 to Rs. 30,000 per month In the case of a Government job, the pay package depends on the pay scale and grade. However, overseas, the pay package is much higher than what it is in India.
The starting pay package for Foreign Trade professionals depends upon several factors. A few of the prominent factors are –
- Institute from which the candidate completed the course
- Level of education (UG, PG, Diploma, Certification, or Doctoral.)
- Candidate’s specialization
- The domain he/she has chosen
- Job location
FAQ’s on Foreign Trade Courses
Question 1.
What are the various course levels available for Foreign Trade courses?
Answer:
Foreign Trade courses comprise of five-course levels- Bachelor’s Degree courses, Master’s Degree courses, PG Diploma courses, PG Certificate courses, and Doctoral programs
Question 2.
What are the eligibility criteria to pursue Foreign Trade courses?
Answer:
To pursue bachelor courses, interested students must have completed their higher secondary education or 12th class from recognized institutions For master’s, PG Diploma, and PG Certification courses. Students should have completed a bachelor’s degree in the relevant field from a recognized institution. For doctoral courses (M.Phil), students must hold a master’s degree in the relevant field.
Question 3.
What are the factors that accelerate the high pay package?
Answer:
To be eligible for a high pay package or career prospects, the following factors aid the candidate- Institute from which the candidate completed the course, Level of education (UG, PG, Diploma, Certification, or Doctoral.), Candidate’s specialization, The domain he/she has chosen, and Job location.
Question 4.
What is the scope of Foreign Trade courses in India?
Answer:
Foreign Trade opens a vast platform for career opportunities like commerce, accounts, trade, banking, etc. which provides students with excellent support in the international business field and prepares them for a professional qualification in international business and trade.
Graduates are given career opportunities in export houses to search for new business hubs, increase the oversea trades, and marketing executive sector to plan strategies based on marketing research.
Summary
We hope that the information mentioned above regarding Foreign Trade Courses has helped improve your understanding of the subject with in-depth knowledge.