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Post Graduate Diploma in Foreign Trade – Admissions, Eligibility, Top Colleges

A postgraduate diploma in foreign trade management is a postgraduate course in international trade management. Foreign trade, often known as international trade, is the transfer of money, commodities, and services to other businesses or countries. It accounts for a major portion of gross domestic product in most countries (GDP). The term of a Post Graduate Diploma in Foreign Trade is usually two academic years, but it varies from institute to institute and some institutes offer part-time programmes. The program is a career-oriented course with a wide range of work opportunities following graduation in a variety of sectors.

A one-year postgraduate program in foreign trade is the PG Diploma in Foreign Trade. Bachelor’s degree in foreign or international trade, or any comparable topic of education, with minimum aggregate marks as per the university’s requirements, is required. The initial yearly income granted to successful postgraduates of the programme ranges from INR 3 to 10 lacs, depending on education and experience.


Eligibility For PGDM in Foreign Trade

Students must have finished undergraduate from a recognized institution with a minimum aggregate marks of 50% as a minimum requirement of qualifying. Applicants are admitted to a variety of B-schools in India based on their aggregate marks in the applicable qualifying examination, rounds of GD/PIs, and, in certain cases, work experience.


Admission Process for PGDM in Foreign Trade

Successful applicants with a Bachelor’s degree from a recognised institution are chosen based on their performance in a qualifying entrance examination, with additional stages of group discussion and individual interviews held on occasionally.


Course Overview for PGDM in Foreign Trade

Name of the coursePost Graduation Diploma in Foreign Trade
Course LevelPost Graduate
Duration1 year, full time
StreamDiploma
Examination TypeSemester System
EligibilityGraduation (in any stream)
Admission ProcessSelection on the basis of academic record and performance in entrance exam in some cases
Average Course FeeINR 10 K to 25 Lacs
Average Starting SalaryINR 1 to 15 Lacs
Tp Recruiting CompaniesExport 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 etc.

What is it about the PGDM in Foreign Trade?

The PG Diploma in Foreign Trade programme is meant to expand your understanding of international trade agreements, brand and product exchange, financial exchange, and much more. The program introduces a thorough examination of the global market and analysis. The curriculum primarily helps to train learners to overcome multiple aspects of international trade, learn the simple and structured components involved in the field of study through theories and practical sessions, and function effectively in fields such as Trade Management, Pricing, Supplier management, Costing, Export Market Research, Distribution, Cargo Marketing, Export Finance, Documentation, and Foreign Exchange.

Programs in this field emphasize on a business basis and are particularly popular among students in the commerce stream. Graduates from other streams, on the other hand, are not subject to the same restrictions. This suggests that students from many disciplines, including the arts, science, and business, are allowed to seek degrees in foreign trade.Upon completing the PG Diploma in Foreign Trade programme, students can work in marketing organisations, trade units, and foreign business divisions of companies.


Effectiveness of the Postgraduate Diploma in Foreign Trade Course

  • Students who want to study at a post graduate level, such as university level at both private and government institutions, can benefit from a Post Graduate Diploma in Foreign Trade.
  • To be effective in this sector, individuals must have good communication skills, a strong talent for business, knowledge of other languages, persuasive ability, and confidence, among other qualities.
  • Professionals should be well-versed in international business, including knowledge of diverse countries’ economies, a comprehension of current business trends, and management and leadership abilities.
  • They should also be able to comprehend conceptual boundaries and developments in international economy and commerce; have a strong knowledge of document and information retrieval abilities; and be able to communicate in a foreign language through hearing, talking, understanding, and writing.

What are the Benefits of a Post Graduate Diploma in Foreign Trade Curriculum?

  • Students can pursue advanced university courses in their chosen fields, such as research studies.
  • They can also find work in the fields of export management, selling, procurement, costing, export market research, distribution, freight marketing, export finance, paperwork, and foreign exchange.
  • Candidates can also pursue faculty positions in both colleges and universities.
  • Students also have prospects in merchandising organisations, export units, and international business divisions of numerous MNCs, which are open to foreign trade candidates.

Skills Required for PGDM in Foreign Trade

Organizations search for suitable capabilities in foreign trade course applicants when they recruit them. Aspirants’ skills serve as a foundation for them and assist them fit into various employment categories. As a result, students must concentrate and work to obtain the necessary skill set in a certain industry. The following are some of the abilities that a candidate should possess before enrolling in a program in this field:

  • Effective communication skills – During the course and on the work, learners are expected to interact successfully with others.
  • Efficient Interpersonal skills – To continue programs in this sector, students must have strong interpersonal skills. Participants should be able to work in groups. Responsibilities for leadership, patience, and reliability.
  • English – Candidates should be able to communicate effectively in both spoken and written English.
  • Interests that are relevant– Individuals seeking programs in this discipline benefit from having an interest or competence in business or commerce.
  • Business knowledge, consumer service abilities, multitasking, administration, sales, and other relevant subjects are all desirable add-ons.

Employment Areas for Post-Graduate Diploma in Foreign Trade

  • Banks and Government Agencies
  • Financial Institutions
  • Manufacturing Companies
  • Research Institutes
  • Trade Companies

Job Positions with a Postgraduate Diploma in Foreign Trade

  • Coordinator
  • Foreign Exchange Trade Settlement Specialist
  • Foreign Trade Payables Specialist
  • Foreign Trade Representative
  • Foreign Trade Zone Analyst
  • Foreign Trade Zone Operator
  • FX Trading Platform Business Analyst
  • Global Trade Manager
  • Researcher
  • Senior FX Trading Strategist
  • Support Trader
COLLEGE/INSTITUTESTATETUITION FEES (PER YEAR) IN INR
INDIAN INSTITUTE OF FOREIGN TRADENEW DELHI, DELHI NCR15,70,000
KJ SOMAIYA INSTITUTE OF MANAGEMENT STUDIES AND RESEARCHMUMBAI, MAHARASHTRA1,02,000
SYMBIOSIS INSTITUTE OF MANAGEMENT STUDIESPUNE, MAHARASHTRA5,08,000
FORE SCHOOL OF MANAGEMENTNEW DELHI, DELHI NCR12,50,000
LOYOLA INSTITUTE OF BUSINESS ADMINISTRATIONCHENNAI, TAMIL NADU3,80,000
IFIM BUSINESS SCHOOLBANGALORE, KARNATAKA4,75,000
BIRLA INSTITUTE OF MANAGEMENT TECHNOLOGYGREATER NOIDA, UTTAR PRADESH4,25,000
CMS BUSINESS SCHOOLANGALORE, KARNATAKA3,88,000
FORTUNE INSTITUTE OF INTERNATIONAL BUSINESSNEW DELHI, DELHI NCR3,48,000
SYMBIOSIS INSTITUTE OF INTERNATIONAL BUSINESSPUNE, MAHARASHTRA1,02,000
INTERNATIONAL SCHOOL OF BUSINESS AND RESEARCHBANGALORE, KARNATAKA3,50,000
MOTILAL NEHRU NATIONAL INSTITUTE OF TECHNOLOGYALLAHABAD, UTTAR PRADESH51,151
INDIAN INSTITUTE OF FOREIGN TRADEKOLKATA, WEST BENGAL15,70,000
INSTITUTE OF PUBLIC ENTERPRISEHYDERABAD, TELANGANA4,00,000
FACULTY OF MANAGEMENT STUDIES, BANARAS HINDU UNIVERSITYVARANASI, UTTAR PRADESH30,765
M.S. RAMAIAH INSTITUTE OF MANAGEMENTBANGALORE, KARNATAKA3,00,000
LAL BAHADUR SHASTRI INSTITUTE OF MANAGEMENTKOCHI, KERALA26,555
PONDICHERRY UNIVERSITYPONDICHERRY, PUDUCHERRY37,175
GIBS BUSINESS SCHOOLBANGALORE, KARNATAKA2,55,000
PSG INSTITUTE OF MANAGEMENTCOIMBATORE, TAMIL NADU4,50,000

Course Period for PG Diploma in Foreign Trade

The program is divided into two semesters, with the first semester composed of ten Core Curriculum and the second semester comprising of 1 project. Students will acquire principles in all of the important fields of management throughout the first semester. The second semester will also include a project report that enable the students to apply all of the principles learned in the first semester.


Syllabus for P.G. Diploma in Foreign Trade

The major study elements that make up the course’s curriculum are listed below:

Sem. I

Sr. No.

Subjects of Study

1         

Managerial Economics

2         

International Economics and Foreign Exchange Management

3         

International Logistics

4         

Marketing Principles and Management

5         

Quantitative Methods

6         

Foreign Language (Departmental Course)

Sem. II

1         

International Marketing

2         

International Financial Management

3         

Export and Import Procedures

4         

Indian Economy and Trade Dependencies

5         

Commercial Geography

6         

Assignment and Project (Departmental Course)


Career Scope for PG Diploma in Foreign Trade

Professional experts are employed by manufacturing businesses, banks, financial firms, and governmental organizations that profit from international commerce. Such graduate students are tasked with examining scientific information in international commercial negotiations and in the realms of international trade rules and agreements, among other things. Banking firms, academic institutions, trade companies, manufacturing organisations, banks, and government agencies are all common places to look for such experts.

Industrial companies, banks, financial firms, and governmental entities that benefit from international trade use professional experts. University graduates in this field are tasked with, among other things, assessing scientific data in international commercial talks and the areas of international trade regulations and agreements. Banking firms, major universities, trade firms, manufacturing sectors, banks, and government organisations are all frequent venues to hunt for such professionals.

Job PositionDescription
Marketing ManagerThe advertising manager’s task is to put in place the right plans and practices in order to boost the firm ’s financial performance. They are also in charge of increasing the firm’s market and brand recognition.
Financial AdvisorTheir task is to formulate strategies, identify funding sources, and examine financial policies in order to obtain a satisfactory financial return and capital.
Finance ManagerEmployees are in charge of and handle the company’s finances.
AccountantAccountants are in charge of keeping track of the firm’s assets, obligations, inflows, outflows, loans, debts, and other significant actions.
Foreign Trade and Business AnalystTheir job is to examine the company and its performance while taking into account numerous market mechanisms.
International Business Consultant/ Foreign Trade ConsultantTheir role is to examine the company’s operations and provide recommendations for international success. They also hope to provide advice and suggestions in order to boost the firm’s profitability.

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
  • Business Development Manager
  • Market Research Executive
  • Global Trade Manager
  • Customs & Global Trade Automation Manager

Future trends

Both foreign trade and the economy have increased dramatically in recent years. The global trade sector has experienced tremendous expansion and is projected to continue to do so in the years ahead.
Although India’s constraints on globalisation and liberalisation policies have been lessened in recent years, the country’s foreign commerce industry remains highly developed.

India’s trade potential are rising at an accelerating rate, and as a consequence, more global corporations are becoming interested in doing business with India. The expansion of international trade expertise has increased as a result of India’s large-scale commercial practises with overseas enterprises. As a result, graduates have a tremendous possibility to work in the foreign trade sector. Students in this sector gain global exposure, in-depth business expertise, high-paying positions, and much more in the end.


FAQ’s for PGDM in Foreign Trade

 What is the main distinction between domestic and international trade?

Domestic trade occurs within a country’s borders between different states, cities, or regions, while foreign trade occurs outside two or more countries. The worth of the exchange rates is unaffected by domestic commerce. Foreign trading practises have a significant effect on the value of any country’s national currency. Domestic trade is more simpler in terms of tax calculations and processes than international trade.

Is it possible to make a living by taking international trade courses?

A job in international trade is a suitable choice for a variety of reasons:
It provides you with a wide range of prospects and employment profiles, including banking, commerce, finance, and accounting.
It equips you with extensive understanding of the corporate world as well as excellent international chances.
This field offers a greater number of career prospects as well as higher pay.

What are the highest-paying jobs in the world of international trade?

International Trade Finance Manager
International Trade Researcher
Global Marketing Manager
Global Trade Lawyer
International Business Development Manager 

What are the well-known Indian colleges that offer Foreign Trade program?

The following are some well-known Indian colleges that offer Foreign Trade courses:
Indian Institute of Foreign Trade
Jamia Millia Islamia University
National Institute of Export Management
Indian Institute of International Business

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