Master of Science (M.Sc.) Foreign Trade Management Top Colleges, Syllabus, Scope, and Salary

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Pranjal Singhal

Content Curator | Updated on - Oct 22, 2021

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:

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.

Course Level Graduate
Duration 3 years
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

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 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
  • shipping
  • administrative posts in private and public sectors
  • manufacturing companies
  • banks
  • 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.

Master of Science [M.Sc.] in Foreign Trade Management annual salary
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 Manager

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.

3,41,990
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.

5,23,500
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.

8,85,541
Supply Chain Manager

Supply Chain Managers select transportation routes to maximize economy by combining shipments or consolidating warehousing and distribution.
They develop material costs forecasts or standard cost lists.

Also, they assess appropriate material handling equipment needs and staffing levels to load, unload, move, or store materials.

3,62,519
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.

8,89,720

Master of Science [M.Sc] (Foreign Trade Management) : 5 answered questions

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Ques. Does IISER provide a 2-year MSc? If yes, how can I apply?

● Top Answer By Admin on 22 Oct 21

Ans. The answer is both yes and no. IISER Bhopal offers an integrated P.hD. program. It is an amalgamation of two years Masters and 5 years of P.hD. The course duration is 5 years.  Although the institute doesn’t offer a separate MS degree, it offers an MS exit option. This means you can choose to opt out of the integrated P.hD. program after completing your 2-year long Masters. Read more
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Ques. Is an M.Sc from Nalanda Open University good?

● Top Answer By Aaditya Hari Nair on 20 Oct 21

Ans. If you want to stand out among others in your master’s degree, you should pursue your master’s in a regular mode from a government university. This will later help you to pursue your further studies in post-graduate degrees, like Ph.D. So it is suggested that you work a bit harder and try to get admission in a government college with the course offered in the regular mode. However, if you merely require a master’s degree, you can pursue it from any educational institution.Read more
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Ques. Which one should I choose: an MSc honours at BITS Pilani or computer science at PEC Chandigarh?

● Top Answer By Komal Chawla on 30 Apr 21

Ans. The MSc. Honours at BITS Pilani is a highly recommended course for every student who is interested in a combination of Science and Engineering. It is an excellent course provided by the institute, with great opportunities for students in various fields. The points below give a brief overview of the course of MSc. Honors provided by BITs Pilani. The course provided by BITS Pilani is a dual degree course, which comprises five years of study in total. After the first year of the course, you will be provided with subjects that belong to different branches of engineering (B.E). This is a great opportunity to explore such subjects from different streams, along with the conventional science subjects. You will get several choices in the selection of subjects and choose between topics according to your own decision. BITS Pilani is predominantly an engineering institute. Therefore, there are numerous minds in the institute for several technical works and inventions. The institute has earned recognition in the fields of space-travel bots, humanoid robots, Formula-one style cars, and a lot more. Students from BITS Pilani have been selected in Google Summer of Code several times, which is one of the most prestigious competitions in the world in the field of computer science. Other than the field of academics, students of BITS Pilani get the freedom to perform anything of their choice and achieve a good position in it. There are several musicians, dancers, painters, poets, debaters, etc among the batches of BITS Pilani, and even students with multiple talents in it. Therefore, BITS Pilani provides an appropriate ground to cherish any kind of talent of students, which is a great aspect of the institute.Read more
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Ques. What are the placement chances after studying for an M.Sc.-Ph.D in Atmosphere and Science in IIT Bhubaneswar?

● Top Answer By Atul Yadav on 14 Aug 20

Ans. The placement for MSc.-PhD in Atmosphere and Sciences at IIT Bhubaneswar is not that impressive. Although the overall placement at this IIT is quite decent and the placement rate is around 90% with an average CTC of 11.4 LPA. But the placement statistics for the M.Sc courses are not good. Only a few teaching institutes visit the campus during the placement drive recruiting students mainly from courses like Mathematics and Physics, etc. The department of Atmosphere and Sciences at IIT Bhubaneswar is still developing and there is a shortage of faculty members in this department but there are visiting faculties from the different institutes.Read more
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Ques. Is joint MSc and PhD in atmospheric sciences good at IIT Bhubaneswar? Also, what are its prospects outside India?

● Top Answer By Abhijeet Singh on 14 Aug 20

Ans. To pursue a joint MSc.-Ph.D. degree in atmospheric sciences from IIT Bhubaneswar a student is required to have at least 60% in aggregate in his or her undergraduate degree in a relevant stream from a recognized university. A joint MSc.- Ph.D. in atmospheric sciences is not a very popular subject among the students and the department is still developing. The School of Earth, Ocean, and Climate Sciences at IIT Bhubaneswar have well-experienced faculty members. It also invites professors from other premier institutes like the University of Ontario and University of Massachusetts. This subject is mainly research-oriented. Topics like Meteorology, Aerosol Properties, and impacts, Urban Heat Island Effects, etc. are studied under the subject of Atmospheric Sciences. Regarding placements, Atmospheric Sciences might not provide you with opportunities from private sectors, but the Government, Ministry of Earth and Atmospheric Sciences recruit students for various Scientific posts and Contractual posts. For example, the National Centre for Antarctic Ocean and Research (NCAOR) recruits students of atmospheric sciences. Students also opt for higher education.Read more
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