Career in International Business/Foreign Trade
Career in International Business/Foreign Trade - Introduction, options, opportunities, courses, institutes, exams etc.
Discussion
- RE: Career in International Business/Foreign Trade -Rajani Sharma (11/28/11)
- Introduction
International or Foreign Trade is a discipline of economics. Foreign Trade is the exchange of goods and services between countries. It is the import of goods and services to the home country and export of goods and services to foreign countries. In recent times businesses are not just limited to the countries, they are expanding at a faster rate. As the companies are growing, the need for the qualified professionals has increased tremendously. Professionals who are involved in foreign trade are known as foreign trade experts or import and export professionals.
Performance and growth of industry in India
With the globalization of Indian economy, many multinational companies are coming to India and many indian companies are going abroad for joint ventures. This has give enormous scope to professionals of foreign trade to find more job opportunities in India. Hence, there is a huge demand of skilled professionals in this field. Moreover, candidates pursuing degree, diploma, and certificate courses in this field also have various global career opportunities in manufacturing companies, banks, government agencies, financial institutions.
Options and Opportunities
International Business/Foreign Trade is a lucrative profession. It is a combination of all the segments such as marketing, documentation, shipping and packaging, pricing, sourcing, costing, distribution, market research, export finance and foreign exchange. Professionals in this field can get employment in both private and public sector. Public sector offer jobs in the State Trading Corporation, Mineral Trading Corporation, World Trade Organization, United Nations Conference on Trade and Development, International Monetary Fund, and World Bank. Even after gaining specialization in international business from a reputed institute one can start a consultancy firm. Candidates having qualification in international business along with law degree can find opportunities in the legal affairs of international trade.
Courses Available
Bachelors Degree in International Business/Foreign Trade
- B.Com in Foreign Trade
- B.Com in International Business
- BBA in International Business
- Masters Degree in International Business/Foreign Trade
- M.Com in International Business
- MBA in International Business
- Diploma Programmes in International Business/Foreign Trade
- Post Graduate Diploma in Foreign Trade
- Post Graduate Diploma in International Business
- Post Graduate Diploma in International Business and Finance
Qualification required
- For Bachelors degree eligibility is 10+2 with 50% marks
- For Masters Degree eligibility is Bachelor’s degree preferably in commerce with 50% marks.
Some good institutes
Following are the Institutes offering courses in International Business/ Foreign Trade:
- St. Francis Degree College for Women, Hyderabad
- Institute of Management Sciences, Lucknow
- Indian Institute of Foreign Trade (IIFT)
- Delhi School of Economics
- National Institute of Export Management
- Indian Institute of Materials Management
- Indian Institute of International Business
- Indian Institute of Packging
- Symbiosis Institute of International Business
- Institute of Management and Technology (IMT)
- Management Development Institute (MDI
Entrance exams
Most institutes conduct their own entrance exams followed by group discussion and personal interview.
