Foreign trade courses impart knowledge about the movement of services, goods and capital across International territories and borders. These courses are designed to extend knowledge about international trade policies, exchange of goods and services, etc.
Checkout: Top Foreign Trade Colleges in India
To study foreign trade and to enter the industry , many courses across various levels like certificate, diploma, UG and PG. This industry has a lot to offer and we are going to list down various sources from which one can obtain knowledge for the same.
The duration of the courses given above are different according to their levels, certificate programs can last from a few hours to a few months , diploma courses can long till 2-3 years and Bachelors are about 4 years , more or less,depending on the course chosen.
After having a degree in Import and Export, one can work as Export Manager, Import Manager, International Supplies Logistics Manager, Export Sales Manager etc.
Since foreign trade courses can be studied over various levels, including certificate courses, these add to the employability of the person. Given below, are details regarding the same.
Foreign Trade Courses: Highlights
| Type of Courses |
|
| Duration |
|
| Eligibility |
|
| Average Fees |
|
| Online Courses | Available |
| Types of Online Courses (if available) | Coursera, Udemy, edX, IIFT |
| Top Job Prospects | Export Manager, Import Manager, International Supplies Logistics Manager, Export Sales Manager, etc. |
| Average Salary |
|
Foreign Trade Certificate Courses
Certificate courses in Foreign Trade are available in abundance when looked for online. Foreign Trade Certificate Courses which are available online help aspirants to get a peek at the industry as well as help them to increase their knowledge while completing their degree. Online certificate courses for import and export trade are self paced which is a huge advantage.Below are discussed some top Certificate Course of Foreign Trade available online.
Foreign Trade Top Certificate Courses
| Certificate | Offered by | Duration | Fees |
|---|---|---|---|
| Introduction to trading and foreign exchange markets | Udemy | 3 hours | INR 8640 |
| History of China : The Modern Era | Harvard University, edX | 1 year 7 months | INR 36,442 |
| Money Markets, Foreign Exchange and Time value of money | NYIF, edX | 4 weeks | Free pr add verified certificate for INR 14,651 |
| Foreign Trade Policy | Institute of Shipping, Ahmedabad | 8 weeks | INR 8.000 |
| Trade, Immigration and exchange rates in globalized world | Ie Business School, Coursera | 12 hours | Free |
| Financial Markets | Yale University | 32 hours | INR 2,155 |
| Introduction to trading with technical analysis | NYIF, edX | 3 months | INR 32,997 |
These are some of the top courses which are offered online, there are a plethora of courses other than these which can be explored by aspirants.
Foreign Trade Offline Certificate Courses
Offline foreign trade certificate courses are offered widely and are very popular. The duration of the certificate courses can vary from a few months to a 1 year.Completing a certificate course in foreign trade through offline mode adds more personal experience and gives more detail about the kind of work one is willing to do after completion of such course.
| Certificate | Offered by | Duration | Fees |
|---|---|---|---|
| Financial Valuation and Modelling | AIMA , Delhi | 4 months | INR 40,000 |
| Export Import Management | YMCA , New Delhi | 1 year | INR 33,683 |
| Management in International Business | Cosmic Business School, New Delhi | 1 year | INR 25,900 |
| Retail Management | AIMA, New Delhi | 1 year | INR 26,000 |
Foreign Trade Certificate Courses: Admission Process
- For online courses, one can get enrolled in the required course through visiting the website.
- For offline courses, the eligibility criteria differs from college to college. The basic requirement to get into an offline certificate course is completing class X or class XII or a class 10+2 equivalent with at least 50% of aggregate.
Foreign Trade Certificate Courses: Top Colleges
| Rank | Institution | Location |
|---|---|---|
| 2 | ISBM, Ahmedabad | Ahmedabad |
| 13 | IIBM, Meerut | Meerut |
| 51 | XIBMS, Bangalore | Bangalore |
| 10 | Amity University | Noida |
Foreign Trade Diploma and PG Diploma Courses
Diploma and PG Diploma courses differ in the eligibility criteria. Diploma can be opted for after completion of Class X or Class XII while getting an admission into PG Diploma contains having a graduation degree as the eligibility criteria.
Diploma can last upto 1-2 years, while PG Diploma is of one year. These courses are opted for by people who want to jump into the job sector as soon as possible.
The average salary for diploma courses is upto INR 5,00,000 per annum.
Foreign Trade Top Diploma and PG Diploma Courses
Below are discussed some of the finest and most popular diploma courses across India.
| Diploma Name | Colleges offering | Average Fees |
|---|---|---|
| Diploma in International Trade | NMIMS, Mumbai AIIMS Chennai IIIEM, Vadodara | INR 5,000- 30,000 |
| Diploma in International Business Management | AIIMS, Chennai | INR 2,300-5,000 |
| Diploma in Foreign Trade Management | Indian Institute of Management, Bangalore MIT World Peace University,Pune IIM, Lucknow | INR 10,000-1,00,000 |
| Advance Diploma in Foreign Trade | ISBM, Mumbai | INR 14,000-15,000 |
Foreign Trade Top Diploma and PG Diploma Courses Colleges
Diploma courses can be applied for according to your need.
| NIRF Ranking | College Name | Location |
|---|---|---|
| 26 | IIFT | New Delhi |
| 50 | LIBA | Chennai |
| 40 | Nirma University | Ahmedabad |
| 111 | JSB | Ghaziabad |
| 17 | Ness Wadia College of Commerce | Pune |
Foreign Trade PG Diploma Courses
This course is pursued only after completion of Diploma or graduation in the same field only. The duration of PG Diploma is generally one year and is gaining huge demand due to having a less tie duration and quicker employability ratio.
Foreign Trade Top PG Diploma Courses
Below are listed some of the best courses in PG Diploma of Foreign Trade stream.
| Course Name | College Offering | Average Fees |
|---|---|---|
| PG Diploma in Foreign Trade |
|
INR 10,000-25,00,000 |
| PG Diploma in International Trade Management |
|
INR 8,000-20,00,000 |
| PG Diploma in International Business |
|
INR 2,00,000 -18,00,000 |
These are the main courses offered under PG Diploma Foreign Trade. The duration of each is one one year and the starting salary for personnel who hold a PG Diploma in Foreign Trade is INR 2,00,000-18,00,000 per annum.
Foreign Trade PG Diploma Courses: Admission Process
- Diploma: One can pursue a diploma after he/she has finished class X or even after class XII. The minimum aggregate required is 50%
- PG Diploma: To get enrolled in a PG Diploma course, one has to finish graduation in the management stream from a recognized university with an aggregate of at least 50%.
Foreign Trade PG Diploma Courses Colleges
Below are discussed the top colleges for PG Diploma in Foreign Trade.
| NIRF Ranking | College Name | Location |
|---|---|---|
| 47 | Birla Institute of Management | Noida |
| 76 | LBSIM | Delhi |
| 86 | Universal Business School | Karjat, Maharashtra |
| 22 | Symbiosis Institute of Management | Pune |
Foreign Trade UG Courses
- Bachelor foreign trade courses are opted for by students who want a full time degree. Bachelor foreign trade courses are generally campus based but the new normal has forced it to be shifted online.
- These courses generally last 3-4 years. Foreign Trade UG courses are available both in general and specialised form.
- Admissions are based on merit as well as entrance exams.
Foreign Trade Top UG Courses
| Course | College Offering | Average Fees |
|---|---|---|
| Bachelor of Administration in Foreign Trade |
|
INR 50,000-2,00,000 |
| BBA in Foreign Trade |
|
INR 70,000-1,50,000 |
| BA in Economics with Foreign Trade | Calicut University | INR 4,000-5,000 |
| B Voc. In Export and Import Management | Sardar Patel University | INR 5,000-25,000 |
Foreign Trade UG Courses: Admission Process
- Admissions in UG courses can be done through competitive exams as well as merit lists. The entrance exams accepted in most colleges are KIITEE, IPUCAT, DU JAT etc.
- One must have at least a 50% aggregate in class XII or a 10+2 equivalent.
Foreign Trade UG Course Top Colleges
| College | Location | Average Fee |
|---|---|---|
| IIFT | New Delhi | INR 1,20,000 |
| JMI | New Delhi | INR 23,300 |
| LIBA | Chennai | INR 12,450 |
| Institute of Management Studies Varanasi | Varanasi | INR 80,000 |
| UBS | Chandigarh | INR 1,50,000 |
Foreign Trade PG Courses
- The duration of Masters in India is generally 2 years. Admission in masters is done on merit basis or some universities may conduct their own entrance exams.
- One is needed to complete their graduation in the stream of management to pursue a masters and must have secured an aggregate of at least 50% or a GPA of above 8.000 for admission in a good college.
- Masters in India pave the way for better job opportunities and better packages. The starting salary of a Masters Graduate is INR 6,00,000- 12,50,000.
Foreign Trade Top PG Courses
Clearly, doing a masters is only going to add to the knowledge of an individual and open doors which are closed for people who have only been able to do their Bachelors.
| Course | Colleges offering | Average Fees |
|---|---|---|
| MBA in Foreign Trade |
|
INR 1,00,000-14,00,000 |
| Masters in Foreign Trade |
|
INR 10,000 - 2,00,000 |
| MSc Foreign Trade Management |
|
INR 20,000-2,50,000 |
Foreign Trade PG Courses: Admission Process
- Candidates are eligible to take an admission into PG courses if he/she has completed a bachelor's degree from a recognized university in the management stream
- Admissions are based on merit and entrance exams, both with a definite ratio.
Foreign Trade PG Courses: Top Colleges
| College | Location | Average Fee |
|---|---|---|
| IIFT | Delhi | INR 12,000 |
| KJ Somaiya | Mumbai | INR 42,000 |
| Symbiosis institute of Management | Pune | INR 1,80,000 |
| IFIM | Bangalore | INR 1,23,500 |
| Xavier Institute | Bhubaneshwar | INR 2,20,000 |
Foreign Trade Courses: Job Profiles
As trade is a part of commerce, the job sector has an immense amount of jobs and even holds the capacity to create more jobs.
Below we have discussed the common popular jobs one can take up as after completion of foreign trade courses. Further, average salaries and skills required to acquire the jobs has also been listed.
Export Manager
It is assumed that an export manager will advise customers about insurance, duties and taxes. He/She also tracks the shipments to ensure regulatory enforcement. They also maintain customer relations and assist in the promotional activities of the company.
Skills Required:
- Understanding of finance management
- Understanding technology
- Analytical Skills
- Networking Skills
- Understanding of international trade compliance requirements
Average Salary : INR 6,00,000 or above per annum
Import Manager
A team of people is supervised and managed by an Import Manager, which may entail arranging work schedules and providing shipment orders to ensure continuity of arrival times and sites. This will also require monitoring of track and trace so as to still control products.
Skills Required:
- Accountability and adaptability
- Ability to receive feedback
- Communication Skills
- Understanding finance and budgets
- Understanding technology
Average Salary: INR 4,00,000 or above per annum
Export Sales Manager
It is the duty of an export sales manager to produce and boost retail sales in other countries. Through studying consumer patterns and designing distribution plans and tactics to satisfy their demands, they ensure that the goods are made available in the international markets.
Skills Required :
- Business Minded
- Communication Skills
- Outgoing and confident
- Decisive
Average Salary: INR 6,00,000 or above per annum
What skills are required in Foreign Trade courses?
Employers look for students having more than one skill, especially the ones which are transferable, and not somebody confined to general skills.
It’s necessary to know everything about foreign trade courses along with its prerequisite skill sets to land yourself a job in this field. Some of these skills have been mentioned below along with tips how to hone these skills. These skills are in-demand by the employers.
Language
Since a career in foreign trade involves clients from all over the world. Having knowledge about a wide number of languages sure does help in securing a job in the field.
Top Language Courses
| Course | Provider | Duration | Fee |
|---|---|---|---|
| Business English Communication Skills | University of Washington,Coursera | 6 Months | Free |
| Basic Spanish | UPValenciaX | 4 months | INR 10,307 |
| Chinese Language in Culture | MITx | 7 weeks | INR 7,215 |
| Japanese Culture and Language | Tsinghua University , edX | 10 weeks | INR 10,233 |
Data Visualization
Data visualization is the graphical representation of evidence and data. By using pictorial elements like charts, maps, and graphs, data visualization tools provide a handy way to see and comprehend trends, patterns and outliers in data.
Top Data Visualization Courses
To build a foundation on Data Visualization, the following courses can be picked up by the students.
| Course | Provider | Duration | Fees |
|---|---|---|---|
| Data Visualization Nanodegree Certification | Udacity | 4 months | INR 82,236 |
| Data Visualization in Python | Codecademy | 6 hours | Free |
| Big Data: Data Visualization | FutureLearn | 3 weeks | Free |
| Data Visualization and D3.JS | Udacity | 7 weeks | Free |
| Data Visualization: A Practical Approach for Absolute Beginners | Microsoft | 4 weeks | INR 6,000 |
Data Visualization Course Syllabus
The subjects covered in the data visualization course are mentioned below.
| Graphs, Charts, Dashboards | Exploratory Data Analysis |
| Knowledge of Perception and Cognition | Design and Evaluate Color Palettes for Visualization |
| Data Transformations such as Aggregation and Filtering for Visualization | JavaScript with D3.js to develop interactive visualizations for the Web |
Data Visualization Job Profiles
- Data Analyst
- Data Visualization Developer
- Data Scientist
- ETL Developer
Comparison of Online Platforms Offering Foreign Trade Courses
The table below gives you some points to compare the online Foreign Trade Courses offered by the two most popular agencies, edX and Coursera. In this case, we have compared their Foreign Trade courses.
| Parameters | edX | Coursera |
|---|---|---|
| Fees | INR 36,442 | INR 2,155 |
| Student Rating | 4.9 | 4.8 |
| Enrollment | 678,342 | 789,467 |
| Duration | 1 year 7 months | 32 hours |
| Provided by | Harvard University | Yale University |
Foreign Trade Courses FAQs
Ques. Which is the Foreign Trade Free Online Course in India?
Ans. Different classes are accessible online, but pursuing an international exchange course from a respected academy brings appeal to your resume. Foreign Trade's Best Online Courses are taught by
- Udemy
- Coursera
- Upgrad
- FutureLearn
- edX
Ques. What is the duration of a foreign trade course?
Ans. Certificate courses can last upto few hours to a few months. Diploma and UG courses last upto 2-4 years, whereas Masters are of 2 years, and PG diploma is mainly of 1 year.
Ques. Can I learn Foreign Trade courses Online?
Ques. What is the difference between foreign trade and foreign investment?
Ans. A nation imports that which is not imported. It exports to other countries such things. This is the so-called commerce overseas. International exchange is called imports and exports of products and services. Investment is the buying for the intent of something, "return on investment" in a few years, in the longer term.
Ques. What is foreign trade?
Ans. Foreign trade is simply the exchange of goods, capital and services in several countries. It includes imports and exports of goods and commodities.
Ques. How to get admission in these courses?
Ans. Admission in online courses can be done through the respective websites. Offline courses ranging from certificate to masters is mainly done by merit basis and entrance exams in case of Bachelors and Masters courses in Foreign Trade.
Ques. What is CAT?
Ans. A computer-based examination for admission into a graduate management programme is the Common Admission Test. The test consists of three sections: comprehension of verbal abilities and reading, analysis of data and logical reasoning, and quantitative ability.
Ques. What is MAT?
Ans. Management Aptitude Test is a regular aptitude test carried out by the All India Management Association since 1998. MAT is used by over 600 business schools across India for admission to the Master of Business Administration and related programmes.
Ques. Is IIFT exam tougher than CAT?
Ans. Both the tests are of a moderate to high degree of difficulty, but candidates have to solve 110 questions in 120 minutes in IIFT, while candidates have to solve 100 questions in 180 minutes in CAT. Thus, for certain candidates, IIFT could be more challenging than CAT.
Comments