MBA Foreign Trade: Course, Entrance Exams, Top Colleges, Fees, Syllabus, Scope, Salary

What is an MBA in Foreign Trade?

MBA Foreign Trade is a postgraduate degree programme in the field of engineering. The duration of the course is two years. MBA in Foreign Trade course prepares the students to work in international companies. The course equips students with a deep understanding of how international business operates and also the foreign trade. It prepares the students for careers in multinational companies, government agencies and trade organisations. The course curriculum consists of a wide range of topics such as India’s Foreign Trade, Basics of International Trade, Elements of Export Marketing, Export Logistics, Global Business Environment, Export- Import Management and Policy, International Economies and Trade Theories, Foreign Exchange and Exchange Control.

Students can join many fields after completing the degree programme and can join various careers in the field of Foreign Trade such as Marketing Manager, Financial Advisor, Finance Manager, Foreign Trade and Business Analyst and International Business Consultant/ Foreign Trade Consultant.

Highlights- MBA Foreign Trade

MBA Foreign Trade Eligibility Criteria

The applicants interested in pursuing the MBA Foreign Trade course must meet the eligibility criteria required for the course. The eligibility criteria are somewhat different from one college to another but it remains largely the same for every institute. The general eligibility requirements of the course are as follows:

• Candidates who want to take admission to the MBA Foreign Trade course at their desired institute must have a Bachelor’s degree from a recognized university with a minimum aggregate score of 50 per cent.
• They need to appear for state, national or university-level entrance exams.
• Students need to meet the cut-off specified by the institute to get admission to their desired institute.

MBA Foreign Trade Admission Process

The admission process for MBA Foreign Trade courses is more or less the same for every college in India. Some institutes focus more on the merit score while others prefer to look at the overall profile of the candidates applying for the admissions. The general admission process for MBA in Foreign Trade courses consists of three steps which are as follows:

• Candidates must successfully clear the entrance exam which is specified by their desired institute. There are many management entrance exams out of which some of the most popular ones are CAT, XAT, GMAT, CMAT, NMAT, and SNAP.
• Students clearing the entrance exams can apply for admission by filling out the application form on the official website of the preferred institute.
• The entrance exam is followed by group discussion or personal interview rounds to select the most deserving candidates out of all.

Top MBA Foreign Trade Entrance Examinations

CAT: Common Admission Test popularly known as the CAT is one of the most popular management national-level entrance exams which is conducted by the IIM for admission to the IIMs and more than 1,200 b-schools in India.

MAT: Management Aptitude Test also known as MAT is another national-level entrance exam in India. The exam is conducted by the All India Management Association (AIMA) for admission to their MBA/PGDM course.

CMAT: Common Management Admission Test or CMAT is a national-level entrance exam which is conducted by the National Testing Agency for MBA programmes. CMAT scores are accepted by over 1,000 educational institutes in India.

XAT: Xavier Aptitude Test or XAT is another national-level management entrance examination which is conducted by XLRI Jamshedpur for admission to their MBA courses at all the branches of XLRI and more than 600 other b-schools in India.

NMAT: National Management Admission Test or NMAT is a management admission test conducted by NMIMS University. Many colleges accept NMAT scores across India.

Cutoff for Top Colleges

The cutoff or MBA Foreign Trade is a benchmark that the candidates must meet to get admission to their desired institute. The cut-off depends on various factors such as difficulty level of the entrance examination, the number of candidates applying for the admissions and the overall status and prestige of the institution. Admissions will be granted to those who score below the cut-off specified by the institute. Every college providing MBA in Foreign Trade courses has its own cut-off criterion.

MBA Foreign Trade Skills

Foreign Trade like other fields require certain skill sets. Candidates must have these skills in order to perform well academically and in their future endeavours. In the table below we have mentioned some of the most important skills required by the candidates wishing to pursue an MBA in Foreign trade course.

MBA Foreign Trade Syllabus

The syllabus of MBA Foreign Trade differs depending on the institute, but it remains largely the same for every institute. The subjects of the MBA Foreign Trade course are diverse. In the table below we have mentioned the syllabus of Devi Ahilya Vishwavidyalaya, Indore.

MBA Finance Fee Structure

The fees of the MBA Foreign Trade course depend on the type of institution. Candidates applying are advised to check the official website of the college for the fee structure of the course. The average fee for an MBA in Foreign Trade ranges from Rs. 1 Lakhs- Rs. 1.28 Lakhs.

Scope of MBA in Foreign Trade

The MBA Foreign Trade course offers in-depth information on foreign trade and international business. There are numerous career opportunities for the graduates. Large Corporations, manufacturers, government entities, financial institutions, and other agencies worldwide are consistently seeking professionals to manage their foreign trade operations. This creates abundant opportunities for qualified individuals in this field, both in India and abroad.

The Foreign Trade field is very diverse and due to its global nature, the scope of the field becomes wide.

Career options After MBA Foreign Trade

There are many career options available after doing an MBA in Foreign Trade. In the table below we have mentioned some of the most popular career options after completing a course in MBA Foreign Trade.

Foreign Trade and Business Analyst: Foreign Trade and Business Analyst also known as International Trade Analyst is a professional who analyses data related to international trade and global economy. They work with various stakeholders, including executives, managers, accountants, and economists, to help companies make informed decisions about their operations in foreign markets.

International Business Consultant: International Business Consultants are professionals who guide companies in expanding their business to other countries or markets. They help companies strategize their entry into new markets. They provide insights on the international financial markets, changes in currencies, and economic trends.

Finance Manager: Finance Managers are responsible for looking after the money-related matters of a company. They create financial reports, look at market trends, and check how healthy the company is financially. They manage the finance department, which includes making policies, budgeting, hiring, training and checking the financial procedures.

Marketing Manager: Marketing Managers are professionals who are responsible for handling a company's marketing activities to promote its brand, products, or services. They create the marketing plan and strategies, organise professional events, collect and analyse data from marketing companies and adjust the pricing strategies.

Financial Analyst: A financial analyst is a person who helps companies make decisions about money. They look at information about the economy and the company’s finances and use this information to give advice. They work in different places like banks, investment companies, or other businesses.

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Benefits of studying MBA Foreign Trade

Studying for an MBA in Foreign Trade provides a lot of benefits in today’s advanced developing world. The course helps the students understand how businesses around the world work. The students are provided with practical learning as a part of the course curriculum which helps the students receive hands-on experience in the field of international business. After the completion of the course, students can work in various job roles such as international business, finance, marketing, and trade.

MBA Foreign Trade Salary

The average income of an MBA Foreign Trade is influenced by many elements including job profiles, talents, job location and status and prestige of the company. In the table below we have mentioned the salary of some of the most popular job profiles after the MBA Foreign Trade course.

List of Top MBA Colleges in India Offering MBA Foreign Trade Courses

There are many management institutes in India providing MBA in Foreign Trade courses. The admissions are offered on the basis of prior academic performance and entrance exam scores. The table below lists some of the top MBA Foreign Trade colleges in India.

Top Private MBA Foreign Trade Colleges in India

There are many top MBA Finance colleges in India offering MBA Foreign Trade courses. The candidates must check the eligibility criteria of their desired institutes before applying for admission. In the table below we have mentioned some of the top private MBA colleges offering MBA Foreign Trade courses.

Top Government MBA Foreign Trade Colleges in India

MBA in Foreign Trade is also offered by government universities. Studying an MBA Foreign trade at a government college is comparatively less compared to a private MBA college. In the table below you’ll find a list of top government institutes offering MBA Foreign Management courses.