Carrers in international business foreign trade

Careers

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In International Business/Foreign Trade Introduction Eligibility Job Prospects Remuneration Institutes

Introduction

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In the present era of globalization, Foreign trade/International business has great significance in the economic development of a country. Liberalisation has opened new horizons of international trade for the market and has also opened vistas of foreign markets for the diversified product line. This arena along with the traditional export and import industry provides pathway to a multitude of careers. An individual interested in finance and global business might consider a career in foreign trade.

International trade is a branch of economics, which, together with international finance, forms the larger branch of international economics.

Eligibility

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Generally for undergraduate courses, the eligibility is 10+2 with 50% marks.

Job Prospects

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The growth of foreign business and its importance to the national economy has increased the need for individuals prepared to handle the complex problems of international business, thus making international trade a lucrative profession. The job of a foreign trade expert is not limited to any specific segment such as marketing, documentation, shipping and packaging, or functions-related to export management, pricing, sourcing, costing, export market research, distribution, freight marketing, export finance, documentation and foreign exchange. It is a combination of all of the above and much more.

Remuneration

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The average pay for a Foreign Trade Manager is Rs 523,592 per year.

Institutes

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India International Trade Center, Mumbai, Maharashtra.

Indian Institute of International Trade, Bangalore/Bengalooru, Karnataka.

Institute of International Trade (IITrade),Kolkata/Calcutta, West Bengal.

School of Business Studies & International Trade, Shridhar University, Rajasthan-Other, Rajasthan