Master of Foreign Trade Top Colleges, Syllabus, Scope and Salary

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Pranjal Singhal

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MFT in Foreign Trade is a postgraduate course in Foreign Trade Management. Executive Management:

  • covers foreign trade or international trade, which:
  • is also known in India as the as the Import-Export domain.
  • is an exchange of capital, goods, and services across international borders or territories.
  • represents a significant share of gross domestic product (GDP).
  • is the export of all goods and services to foreign countries.
  • is the import of all goods and services to the home country.
  • is an extension of the production, exchange, and consumption.
  • is essentially the exchange of goods and services between countries.

The products used for Foreign Trading are very similar to other products being produced around the world. As such, these products are referred to as ‘Commodities’. When trading of Commodities occurs, it is known as Commodity Trading.

In this process, commodities are often pooled together in one mass market and sold, thereby linking the producers of the commodities effectively with their commercial consumers. Commodity Trading mainly takes place in the commodity markets where raw or primary products are usually exchanged.

Foreign Trade in India is administered by - The Directorate General of Foreign Trade (DGFT), an agency of the Ministry of Commerce and Industry of the Government of India.

Aspiring candidates need to have completed graduation in a relevant subject from a recognized university, with a minimum aggregate score of 50%.

Such postgraduates are hired in capacities such as:

  • Foreign Trade Zone Operator
  • Global Trade Manager
  • Foreign Trade Zone Analyst
  • Senior FX Trading Strategist
  • Foreign Exchange Trade Settlement Specialist
  • Coordinator
  • Foreign Trade Payables Specialist
  • Foreign Trade Representative
  • Support Trader
  • FX Trading Platform Business Analyst
  • Researcher, etc.

The average tuition fee charged for the course in India ranges between INR 10,000 and 20 Lacs for a span of 2 years.

In India, Foreign Trade postgraduates on an average are offered an annual salary ranging between INR 2 and 4 lacs, increasing with experience and skillset.

Master of Foreign Trade: Course Highlights

Listed below are some of the major highlights of the course.

Course Level Post Graduation
Duration 2 years
Examination Type Semester System/Year wise
Eligibility Graduation from a recognized university
Admission Process Based on performance in sentrance exam
Course Fee INR 10,000 to 20 Lacs
Average Starting Salary INR 3 to 12 lacs per annum
Top Recruiting Companies Infra, ICICI Pru, Cashpor Microfinance, Optima Insurance, Bharti Airtel, HCL Infosystems Ltd., Wipro, Bajaj Allianz, Tata Steel, TCS, HSBC Bank, HT Media Ltd., etc.
Top Recruiting Areas Export Units, International Trade Regulatory Bodies, Export Promotion Councils, Buying Houses, International Department of Multinational Companies, Trade Regulatory Bodies, MNCs Departments, Research & Educational Institutions, Engineering Goods Companies, Custom Clearing Houses, State Trading Corporations, Shipping Companies or Companies, and such.
Job Positions Foreign Trade Zone Operator, Global Trade Manager, Foreign Trade Zone Analyst, Senior FX Trading Strategist, Foreign Exchange Trade Settlement Specialist, Coordinator, Foreign Trade Payables Specialist, Foreign Trade Representative, Support Trader, FX Trading Platform Business Analyst, Researcher, among others.

Master of Foreign Trade: What is it About?

Foreign Trade, also termed as International Trade, is relevant since,

  • It is the exchange of goods, capital and services across international borders and territories.

  • Generally, no country can produce all the goods & services that it requires.
  • goods that are unavailable or available in insufficient quantities need to be imported.
  • Similarly, goods that are excess in quantity need to be exported to other countries.
  • Through exchange of products, the world is able to not only meet its need, but also profit from it as well.

The course essentially aims to:

  • develop an international networked competitive business and research for individuals, corporate, government, and society.
  • globally strengthen, sustain, and professionalize business knowledge through creative research, learning, and teaching.
  • exchange mutually beneficial information with organizations, institutions, and universities in the country, as well as internationally.

Top Institutes offering Master of Foreign Trade

Listed below are some of the top institutes in India that offer the course.

Name of Institute City  Average Fees (INR)
Indian Institute Of Foreign Trade New Delhi INR 15,70,000
KJ Somaiya Institute of Management Studies and Research Mumbai INR 1,02,000
Symbiosis Institute Of Management Studies Pune INR 5,08,000
Fore School Of Management New Delhi INR 12,50,000
Loyola Institute Of Business Administration Chennai INR 3,08,000
IFIM Business School Bangalore INR 4,75,000
Birla Institute Of Management Technology Greater Noida INR 4,25,000
CMS Business School, Jain University Bangalore INR 3,88,000
Fortune Institute Of International Business New Delhi INR 3,48,000
Symbiosis Institute Of International Business Pune INR 1,20,000
International School of Business and Research Bangalore INR 3,50,000
Motilal Nehru National Institute of Technology Allahabad INR 51,151
Indian Institute of Foreign Trade Kolkata INR 15,70,000
Institute Of Public Enterprise Hyderabad INR 4,00,000
Faculty Of Management Studies, Banaras Hindu University Varanasi, Uttar Pradesh INR 30,765
Cochin University of Science and Technology Kochi, Kerala INR 26,555
M.S. Ramaiah Institute of Management Bangalore INR 300,000
Pondicherry University Pondicherry INR 37,175
GIBS Business School Bangalore INR 2,55,000
PSG Institute of Management Coimbatore INR 4,50,000

Eligibility for Master of Foreign Trade

Candidates aspiring for admission to the course are required to fulfil the following minimum eligibility criteria.

  • Graduation completed in any stream, from a recognized educational Board.
  • A minimum aggregate score of 50% (45% for SC/ST/OBC candidates) at the level of graduation.

Master of Foreign Trade: Admission Process

Most institutes offering the course in India admit students based on their performance in a relevant entrance test, followed by a subsequent round of counselling.The round of counselling consists of two additional rounds of Group Discussion and Personal Interview, wherein the candidate’s general aptitude for the course is examined.

Some institutes conduct their own entrance tests for offering admission. Admission process generally varies across colleges.

Some such entrance exams are:

  • MAT (Management Aptitude Test)
  • CAT (Common Admission Test)
  • CMAT (Common Management Admission Test)
  • XAT (Xavier Aptitude Test)
  • GMAT (Graduate Management Aptitude Test –Abroad)
  • SNAP (Symbiosis National Aptitude Test)
  • NMAT (Narsee Monjee Aptitude test)
  • MH-CET (Maharshtra Common Entrance test
  • IBSAT (ICFAI Business School Admission Test)
  • IIFT (Indian Institute of Foreign Trade)
  • ATMA (AIMS Test for Management Admissions)
  • TANCET (Tamil Nadu Common Entrance Test)
  • AMUCAT (Aligarh Muslim University AMU CAT)
  • AMRITA (Amrita Vishwa Vidyapeetham)
  • BMAT (Bharati Vidyapeeth Management Aptitude Test)
  • FMS (Faculty of management Studies)
  • ICET (AP ICET 2020 - Integrated Common Entrance Test)
  • KIITEE (KIIT Entrance Examination<)/a>
  • KMAT (Karnataka Management Aptitude Test)
  • MICA (Mudra Institute of Communications, Ahmedabad Admission test)
  • OPENMAT (IGNOU OPENMAT MBA Entrance Exam)
  • RMAT (Rajasthan Management Aptitute Test)
  • SRMCAT (SRM Common Admission Test)
  • HPCAT (Himachal Pradesh Combined Aptitute Test)
  • UPSEE (UP State Entrance Examination)

Master of Foreign Trade: Syllabus and Course Description

A semester-wise breakup of the course’s syllabus is tabulated here.

Semester I

Semester II

Management Concept and Organizational Behavior India' s FT Trends Prospects & Strategies
Global Business Environment Export Import Management
Managerial Economics Financial Management
Accounting for Managers International Economics and Trade Theories
Export Import Policy, Procedure and Documentation Quantitative Techniques for Foreign Trade
World Trade Organization Global Business Communication & Public Relation
Foreign Language I Computer Application in Foreign Trade
Financial & Managerial Accounting Rural Markets and Marketing Management

Semester III

Semester IV

Foreign Exchange and Exchange Control Foreign Exchange and Exchange Control
Insurance and Risk Management in Foreign Trade Export Finance
Multinational Financial Management Import Finance
International Marketing Management and Consumer Behavior Export Incentives and Institutional Support
International Human Resources Management & Organizational Behavior Export Pricing and Product Planning
International Business Laws Global Marketing Logistics and Supply Chain Management
Statistical Analysis & Research Methodology Global business Communication and Public Relations

Master of Foreign Trade: Career Prospects

Lucrative job openings are available for such postgraduates in:

  • export units.
  • international departments of multinational companies at different levels.
  • manufacturing companies
  • banks.
  • financial institutions.
  • government agencies that trade outside their countries.

Such professionals are also recruited as Foreign Trade Managers with the assignment of investigating technical information in global business deals, and comprehending universal trade policies & agreements.

For those wanting to secure government jobs, regulatory bodies like STC and the MMTC offer good employment opportunities.

Some of the popular professional avenues open to successful postgraduates of the course are listed below with the corresponding salaries offered for the respective positions.

Master of Foreign Trade [MFT] annual salary

Job Position Job Description Average Annual Pay Scale in INR
Foreign Trade Mangers Foreign Trade Mangers are responsible for building up the foreign trade policies and procedures of their organization. They ensure that all the work force required in bringing in and trading products, is consistent with government-enforced controls and methods. 5,84,753
Business Development Manager Business Development Manager improve the organization or association's market position and accomplish financial development. They describe long-term key objectives, create key customers connections, recognizes business offers and openings. Also, they arrange and settle business negotiations, and record of present market situations. 5,63,674
Export Manager Export Managers design and organize the global shipment of products. Over the span of the day, they may consult with an assortment of individuals, for example, shippers, operators and sellers, and are required to have phenomenal client benefit aptitudes in managing clients. 4,98,707
Supply Chain Manager They are responsible for direct or coordinate production, and for obtaining, purchasing, distribution, warehousing, or financial forecasting services. They are also involved in activities that restrain costs and enhance accuracy, client administration, customer service, or safety. They examine existing strategies or open doors for streamlining exercises to meet product distribution needs. 3,62,519
Foreign Trade Analysts Foreign Trade Analysts track the trading of merchandise and ventures between countries in a world that is noticeably always interconnected. They work in both private and open divisions on the grounds of different organizations dealing in global markets. 4,83,471

Master of Foreign Trade [MFT] : 3 answered questions

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Ques. Is it worth to do MBA in international business from SIIB Pune?

● Top Answer By Sabeer Chalana on 05 Sept 20

Ans. SIIB Pune is one of the top MBA schools in India. It was ranked 43 for MBA by India Today in 2019. MBA in international business is the flagship program of SIIB. The MBA in international business prepares students for domestic as well as business markets on a global scale. The table below contains the program highlights of MBA-IB. Intake 120 Course fee INR 15.76 lakhs Course Duration 2 years Selection SNAP score, Group Exercise (GE), Personal Interview (PI), Written Ability Test (WAT) Placement Percentage 100% Highest Salary Package (Domestic) INR 17 LPA Highest Salary Package (International) INR 62.85 LPA Average Salary Package INR 10.78 LPA Median Salary Package INR 10.93 LPA Recruiting Companies Airtel, HDFC Life, Tata Motors, Accenture, KPMG, ICICI Bank, etcRead more
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Ques. Which one should I choose from KJ Somaiya- FS, Fore IB and PGDM in GLIM, Gurgaon?

● Top Answer By Meghdeepa Mondal on 04 Sept 20

Ans. Between KJ Somaiya- FS, FORE IB, and PGDM in GLIM, Gurgaon which one you should choose depends on your perspective and expectation from the MBA degree. Given below is a brief discussion on the programs maintained in the question. KJ Somaiya: KJ Somaiya is considered one of the best MBA institutions. Situated in the finance capital of the country, Mumbai, KJ Somaiya offers excellent placements in the Finance domain. Admission: Students are shortlisted for admission into the MBA in Financial Services program based on their CAT, XAT, CMAT, or GMAT score and the final selection is based on their performance in Group Discussion and Personal Interview. The total course fee is 14.93 lakhs. Placements: According to the placement statistics of 2020, around97% of students have secured job opportunities. The highest and average salary packages of the institute are 28.50 LPA and 10.08 LPA respectively. The recruiting companies are - Johnson & Johnson, AT&T, Intel, Microsoft, Godrej, etc. Banking & Insurance (31%) and Finance Services (16%) are the top sectors in which students get employed. FORE School of Management - PGDM IB (International Business Management) is a 2 year full time course which aims at preparing students to take up careers in corporate houses and family businesses engaged in International Business Operations. It provides management education in the context of the global business environment. Admission: The prerequisite to take admission to the PGDM IM program is at least 50% in graduation and valid CAT/XAT/GMAT score. The total course fee is 15.9 lakhs. Placements: Major recruiters at the 2019 placement were Asian Paints, HUL, ITC, Nivea, Philips Lighting, Deloitte, Vivo, HSBC, Schneider electric, etc. The BFSI (Banking, Financial Services, and Insurance) sector made the highest offers with a total of 38% offers. The average salary package offered was around 10.8 LPA. Great Lakes Institute of Management, Gurgaon - It is one of the top 5 emerging MBA colleges in Delhi NCR. Admission: For taking admissiona candidate should have a minimum of 50% in their graduation and a valid CAT, GMAT, XAT or CMAT. Placements: The PGDM batch has a 100% placement record. The leading recruiters are Aditya Birla, Axis Bank, Deloitte, Federal Bank, Gartner, Hexaware, ICICI bank, KPMG, NIIT Technologies, SecureNow, etc. The highest and average salary package offered at the institute is respectively 13.6 LPA and 9.15 LPA. BFSI was the top sector with a 41 % placement rate.Read more
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Ques. Which is better for an MBA in international business, Delhi School of Economics or IIFT?

● Top Answer By Sugandhi Sood on 14 Aug 20

Ans. IIFT being an old institute has gained its reputation over the years as one of the premier institutes of management in India. As a result, IIFT has been performing exceptionally well as compared to DSE in terms of its reach, peer group, and placements. The following are a few significant factors that you should know before choosing a B-School. Peer Group- International Business is a niche course not offered by old IIMs. Hence, it makes students interested in it to go for IIFT, eventually making the entrance exam of IIFT quite competitive. DSE, on the other hand, takes admission through CAT and is more often gets at much lower percentiles. Hence, the Peer group at IIFT is much better when compared to DSE. Ranking -IIFT is ranked consistently among the top 10 B-Schools in India. Over the years, it has developed a brand value for itself compared to DSE, which has started IB just a few years back and is yet to prove its mettle. Infrastructure- In terms of infrastructure, IIFT is much better than DSE, as it has a big campus and above par hostels. It is a perfect place to enjoy your college life compared to DSE, which doesn’t have its campus and operates within Delhi University. Faculty- Faculty is at par for both the Institutes as DSE is known for its Economics courses. Hence it has well-reputed faculties, and so has IIFT. Placements- Average Salary for IIFT in 2018 was19.2 LPAand had been increasing at a decent pace over the years. DSE average placements in 2018 were8.25 LPA. FEEs- DSE gets an edge on this factor as DSE fees are 34000 for two years as compared to IIFT, which takes a hefty amount of 16 lakhs for two years. I hope it helps! Happy Reading!Read more
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Master of Foreign Trade [MFT] Fee Structure in India


19.55 K (Minimum Fee)PUBLIC COLLEGES60.98 K  (Maximum Fee)
40.27 K (Average Fee)
1.66 L (Minimum Fee)Private COLLEGES1.66 L (Maximum Fee)
1.66 L (Average Fee)

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Master of Foreign Trade [MFT] Colleges IN INDIA

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Banaras Hindu University - [BHU]
Varanasi, Uttar Pradesh
UGC
50 K first year fees
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37.45 K first year fees
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13.82 K Total fees
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82.8 K first year fees
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