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MBA In International Trade Management: The Complete Guide

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Jagpreet

17 May, 2024

MBA In International Trade Management: The Complete Guide

International trade is essential to every nation’s economy in the globalised world. Professionals who understand the dynamics of international trade are in more demand as organisations grow internationally. Getting an MBA in International Trade Management or International Business Management can give you the information and abilities you need to succeed in this fast-paced industry. With an advanced degree in business administration, such as an MBA in International Trade Management, students can study and learn how to integrate the operations of businesses across countries. Students receive training in purchasing, logistics, international advertising, globalisation, sustainability, and other areas besides the normal business administration curriculum.

Read this article in detail to learn about the scope, features, syllabus, and further career opportunities by pursuing an MBA Degree in International Trade Management or International Business.

What is International Trade Management?

International trade is the exchange of goods or services between at least two countries. Imports and exports are two possible exchanges. An import is a good or service introduced into the nation of origin. A good or service sold to a foreign country is referred to as an export. Examples of economic ties include multinational firms, overseas workers, and foreign financial investments. Globalisation is the term used to describe the expansion of these economic ties.

International trade management involves the strategic planning, coordination, and execution of commercial operations related to the cross-border exchange of commodities and services. It includes various trade processes such as market intelligence, supply chain management, logistics, regulatory compliance, and financial transactions.

MBA in International Trade Management

An MBA in International Trade is an undergraduate programme. It assists students in gaining the knowledge and abilities required to oversee the operations of global businesses. This MBA program focuses on specialised business degrees in international advertising, purchasing, logistics, and sustainability. This program teaches students how to import supplies, export finished items, and outsource to maximise business operations. They also improve their leadership and communication skills by studying global trade and industry specifics.

Scope of MBA in International Trade Management

The scope of an MBA in International Trade Management is vast and competitive. Let’s discuss its scope in detail.

  • Gain knowledge about various global marketplaces, such as emerging economies, and discover how cultural, political, and economic variables affect commerce between nations.

  • Trade Policies and Regulations: Learn about the laws, rules, and agreements that control global trade, including those of the World Trading Organization and regional trading blocs like the European Union and NAFTA.

  • Supply Chain Management: Examine the logistics, distribution networks, inventory control, and transportation systems contributing to global trade.

  • Risk Management: Identify the different risks that come with doing business internationally, including exchange rate changes, supply chain interruptions, and geopolitical unrest, and understand how to manage them effectively.

  • Cross-Cultural Communication: Gain the cross-cultural communication abilities necessary to manage multicultural teams, conduct corporate negotiations, and create fruitful global alliances.

  • Learn about trade finance, currency risk management techniques, and foreign exchange markets related to international finance.

Why Pursue an MBA in International Trade Management?

  • High Demand: Globalisation is driving the need for specialists in international trade management in industry, retail, finance, and technology.

  • Global Networking Opportunities: An MBA in International Trade Management provides opportunities for networking with peers, alumni, and industry professionals from around the world. This can lead to partnerships and career advancement.

  • Career Advancement: An MBA increases income potential and career opportunities, opening doors to leadership positions and promotion. International commerce management is a dynamic and rewarding field that presents thought-provoking problems, significant initiatives, and worldwide economic influence.

  • Personal and Professional Development: Earning an MBA develops critical thinking, leadership, and communication abilities essential for success in the modern global marketplace.

MBA in International Trade Management: Eligibility Criteria

The admission criteria for an MBA in International Trade Management vary between universities. However, a common requirement is listed below.

  • Candidates must hold a minimum 3-year bachelor’sbachelor’s degree to be eligible.

  • Many universities also require GRE or GMAT scores and proficiency in English through tests like IELTS or TOEFL.

  • While some colleges may specify prerequisite courses, others have no such restrictions.

MBA in International Trade Management: Features & Syllabus

International trade management is a crucial subject and has gained prominence over the years. Know its features and syllabus from the discussion below.

Features:

Let’s discuss the features of an MBA in International Trade Management.

  • The comprehensive MBA course will include relevant topics such as capital exchange, trade policy, global production, and sourcing of goods and services.

  • Evaluation of regional, national, and international trade, capital flows, trade promotion, and policies.

  • Through several MBA projects in international commerce, you will be able to evaluate trade challenges, source and create items, comprehend draft policy documents for the global market, and establish trade management procedures.

  • You will learn about the elements influencing international trade, and it also includes information about taxes and global trade.

Syllabus:

The duration of the MBA program is 2 years and includes 4 semesters. The list of subjects is tabled below.

Semester 1 Semester 2
Management Theory and Practise Marketing Management
Organisational Behaviour Financial Accounting & Analysis
Business Economics Strategic Management
Corporate Social Responsibility Business Law
Information Systems for Managers Essentials of HRM
Business Communication Business Statistics
Business Analytics

 

Semester 3 Semester 4
Export-Import Procedures and Documentation International Finance
India’s Foreign Trade Financial Institutions and Markets
Customs Shipping and Insurance Project Management
International Marketing International Logistics & Supply Chain Management
International Business Business: Ethics, Governance & Risk
Operations Management Project Work

Job Roles & Salary Packages

The job roles and salary packages offered in the MBA in International Trade Management/ International Business.

Job Role Starting Average Salary (INR)
Business Analyst- International Trade 8 LPA
Foreign Trade Zone Analyst 6.6 LPA
Business Development Manager 5.5 LPA
Global Trade Manager 9.3 LPA
Manager- International Trade 9 LPA
Foreign Trade Representative 6 LPA
Policy Analyst 7 LPA
Freight Auditor 2 to 7 LPA
Market Research Executive 3 LPA

List of Top Universities

Full-time MBA Colleges for MBA in International Trade Management

The top universities offering MBAs in International Trade Management/ International Business in regular mode are listed below.

S.No University Fee Structure
1. Lovely Professional University INR 2 lakh (per semester)
2. Indian Institute of Foreign Trade INR 2177314 (Delhi Campus)
INR 2097314 (Kolkatta Campus)
3. Symbios Institute of Foreign Trade (SIIB) INR 11,57,500 (First Year Fees)

Online/Distance MBA Colleges for MBA in International Trade Management

The top universities offering MBAs in International Trade Management/ International Business in online mode are listed below.

S.No Name of College Fee Structure
1 D.Y Patil University 0 cost EMI starting at INR 7083
2 UPES Online INR 150,000

Career Opportunities

Getting an MBA in International Trade Management provides access to numerous employment options in various sectors. The following are some possible career opportunities:

  • Specialist in International Trade: Use your knowledge of trade laws, policies, and market research to assist governmental organisations, trade groups, or consulting businesses.

  • Manage production, distribution, logistics, and procurement for multinational companies as a global supply chain manager.

  • Export/Import Manager: Monitor trade activities, manage paperwork, assure compliance, and streamline procedures to save costs.

  • Manager of International Business Development: Discover new business prospects, form alliances, and increase worldwide visibility in foreign marketplaces.

  • Trade Compliance Officer: To reduce legal risk, oversee compliance with trade legislation, conduct audits, and create compliance plans.

  • Manager of International Marketing: This position creates customised marketing plans, introduces goods and services to new markets, and oversees international branding.

  • Global Operations Manager: Manage logistics, distribution, and manufacturing processes to maximise effectiveness internationally.

Conclusion

Pursuing an MBA in International Trade Management offers a rewarding career in the global business arena. Candidates with a thorough understanding of the mechanics of international trade and excellent managerial and leadership abilities will be well-equipped to negotiate the difficulties of international business and promote sustainable growth and prosperity on a global scale. Hence, international trading platforms are in demand, and a career in this field is rewarding.


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