M.Sc. Foreign Trade Management is a 3-year postgraduate course, the minimum eligibility for the pursuance of which is the successful completion of graduation in a relevant discipline, such as B.Sc., from a recognized university, and with a minimum aggregate score of 55%, besides 1-year of relevant experience.
Top Institutes offering this course are:
- Indian Institute of Foreign Trade
- Institute of Professional Studies and Research, New Delhi
- S.A. Jain College
- Osmania University
- IFIM Business School
The average tuition fees charged in India for the course ranges between INR 20,000 and 2 Lacs, for a span of 3 years.
Admission to the course is based on the round of counseling conducted after the candidate’s successful qualification of a relevant entrance test.
Successful postgraduates of the course are hired in capacities such as Foreign Trade Manager, Export Manager, Relationship Manager, Business Development Manager, Foreign Trade Analyst, Foreign Trade and Purchasing Specialist, Supply Chain Manager, Market Research Executive, Global Trade Manager, and Customs & Global Trade Automation Manager, etc.
Popular industries that hire such postgraduates include 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, and such.
The average salary for M.Sc. Foreign Trade Management graduates is around INR 2 to 10 Lacs but this can be higher on the basis of experience and other factors.
Top Colleges for Master of Science [M.Sc] (Foreign Trade Management)
M.Sc. Foreign Trade Management: Course Highlights
Listed below are some of the major highlights of the course.
|Examination Type||Semester System|
|Eligibility||Bachelor’s with minimum 55% marks in aggregate and 1-year experience|
|Admission Process||Based on counseling after qualification of a relevant entrance test|
|Course Fee||INR 20,000 to 2 Lakhs for 3 years|
|Average Starting Salary||INR 2 to 10 lacs per annum|
|Top Recruiting Companies||Export Units, International Trade Regulatory Bodies, Export Promotion Councils, Buying Houses, International Departments of Multinational Companies, Trade Regulatory Bodies, MNCs Departments, Research & Educational Institutions, Engineering Goods Companies, Custom Clearing Houses, State Trading Corporations, Shipping Companies or Companies, etc.|
|Job Positions||Foreign Trade Manager, Export Manager, Relationship Manager, Business Development Manager, Foreign Trade Analyst, Foreign Trade and Purchasing Specialist, Supply Chain Manager, Market Research Executive, Global Trade Manager, Customs & Global Trade Automation Manager, and such.|
M.Sc. Foreign Trade Management: What is it About?
Students enrolled to M.Sc. Foreign Trade Management course are imparted advanced lessons in marketing management, business ethics, strategy and communication, global business landscapes, international shipping, trading patterns and organization, legal, financial, and managerial aspects of trade across countries, highly dynamic trade and maritime industry and international business development and compliance analysis.
M.Sc. Foreign Trade Management course has been designed to build in candidates the ability to contribute to developing strategies for the direction of international transport and trade, critically analyze the structures and institutions of managing and organizing sea transport.
Students are taught to examine financial risks and opportunities involved in the trade and transport business environment, understand the structures, processes and institutional practices of trade and shipping in the global marketplace, developing, implement, and promote activities relevant to international trade and shipping management.
M.Sc. Foreign Trade Management courses helps candidate to understand and contribute to the interaction of the trade with the world economic and financial systems, strengthen the communication and information exchange channels among working groups involved in trade and transportation, locally, peripherally, and globally and pursue advanced research or higher studies in the discipline, such as M.Phil., Ph.D., etc.
M.Sc. Foreign Trade Management: Top Institutes
Eligibility for M.Sc. Foreign Trade Management
Listed below are the minimum criteria which candidates interested in pursuing M.Sc. Foreign Trade Management course are required to fulfill, in order to be eligible to apply for the course.
- Successful completion of graduation in any stream, from a recognized university.
- A minimum aggregate score of 45% (40% for SC/ST candidates) at the level of graduation.
M.Sc. Foreign Trade Management: Admission Process
Most institutes offering M.Sc. Foreign Trade Management course admit students based on performance in a relevant entrance test. Often, some institutes offering the course in the country offer admission to eligible candidates based on their performance at the level of graduation. Admission process generally varies across colleges.
M.Sc. Foreign Trade Management: Career Prospects
Successful postgraduates of the course are typically trusted with executive and managerial responsibilities. They may work across:
- import and export businesses
- administrative posts in private and public sectors
- manufacturing companies
- financial institutions and government agencies
Read about more Master of Science courses
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.
|Job Position||Job Description||Average Annual Pay Scale in INR|
|Export Manager||As middlemen, Export Managers plan and coordinate the international shipment of goods. They negotiate with a variety of people, such as shippers, agents and vendors, and are expected to have excellent customer service skills in dealing with customers. They may also have to ensure that shipments are in compliance with the laws and regulations governing the export industry.||4,98,707|
Relationship Managers are responsible for identifying the key staff in client companies to cultivate profitable relationships. They ensure that customer complaints are resolved quickly and effectively. Also, they forward upselling and cross-selling opportunities to the sales teams.
They also promote high-quality sales, supply and customer service processes, and work to retain customers and renew contracts. They approach potential customers to establish beneficial trade relationships, and conduct business reviews to ensure that clients are satisfied with their products and services.
Also, they update the CRM and ensure that Account Managers are aware of significant client-related changes.
|Business Development Manager||Since a key component of this job is strategic planning, a Business Development Manager must have a thorough knowledge of the company's competitors and the marketplace. They work closely with the sales and marketing departments to identify potential new clients, craft proposals, and review contracts.||5,63,674|
|Foreign Trade Analyst||
Foreign Trade Analysts are responsible for international business analysis, and overseeing the transfer of products and services between countries all across the globe. Foreign Trade Analysts track the exchange of goods and services between nations in an increasingly interconnected world.
They work in both private and public sectors because various companies and government entities have an interest in understanding international markets.
|Foreign Trade and Purchasing Specialist||
Foreign Trade and Purchasing Specialists are responsible for coordinating credit and financial activities and obtaining payments for import/export operations. They act as advisors on matters of tariffs, markets, and federal and foreign regulations.
Also, they ensure that all filings, documents, and regulatory reporting are completed accurately, in a timely manner, and according to trade laws. They maintain information of international events and changes to laws and requirements that may impact operations.
Additionally, they negotiate letters of credit or handle issues with international banks.
|Supply Chain Manager||
Supply Chain Managers select transportation routes to maximize economy by combining shipments or consolidating warehousing and distribution.
Also, they assess appropriate material handling equipment needs and staffing levels to load, unload, move, or store materials.
|Market Research Executive||
Market Research Executives help identify what people do, think, buy or believe and why. Market Research Executives are responsible for consulting clients about project requirements and objectives, designing research methods such as interviews and questionnaires.
They carry out qualitative or quantitative research, approve timescales and budgets, supervise staff, monitor work progress. They also write reports, including client recommendations, and analyse, translate, and present results.
They also advise clients on how they can best make use of such results.