Diploma in Foreign Trade

Description

Course Name: Diploma in Foreign Trade

Course Id: DFT/Q1001.

Eligibility: Completion of 10+2 (higher Secondary) or equivalent.

Objective: The Diploma in Foreign Trade is a valuable qualification for individuals looking to pursue a career in the global trade and logistics industry. It provides comprehensive knowledge of international trade operations, including export-import procedures, trade laws, marketing strategies, and logistics.

Duration: 370 Hrs (Equivalent to One Year).

Total Credits: 18.

How You will Get Diploma Certificate:

Step 1- Select your Course for Certification.

Step 2- Click on Enroll Now.

Step 3- Proceed to Enroll Now.

Step 4- Fill Your Billing Details and Proceed to Pay.

Step 5- You Will be Redirected to Payment Gateway, Pay Course and Exam Fee by Following Options.

Card(Debit/Credit), Wallet, Paytm, Net banking, UPI and Google pay.

Step 6- After Payment You will get Study Material Login id and Password on your email id.

Step 7- After Completion of  Course Study give Online Examination.

Step 8- After Online Examination you will get Diploma Certificate soft copy(Scan Copy) and Hard Copy(Original With Seal and Sign).

Step 9- After Certification you will receive Prospect Job Opportunities as per your Interest Area.

Online Examination Detail:

• Duration- 120 minutes.
• No. of Questions- 60. (Multiple Choice Questions).
• 10 Questions from each module, each carry 10 marks.
• Maximum Marks- 600, Passing Marks- 40%.
• There is no negative marking in this module.

How Students will be Graded:
S.No.	Marks	Grade
1	91-100	O (Outstanding)
2	81-90	A+ (Excellent)
3	71-80	A (Very Good)
4	61-70	B (Good)
5	51-60	C (Average)
6	41-50	P (Pass)
7	0-40	F (Fail)

Benefits of Certification:

• Government Authorized Assessment Agency Certification.
• Certificate Valid for Lifetime.
• Lifetime Verification of Certificate.
• Free Job Assistance as per your Interest Area.

Syllabus

Introduction to Foreign trade: Introduction, scope of international business,  characteristics of features of international trade, methods of entering market, advantages of international trade, importance of export business in India, foreign exchange market.

International Marketing Management: Introduction to international marketing, international marketing environment, international marketing strategy, procedural and policy framework.

International Trade Theory: The world trade organization, the reasons for trade, relationship between prices and wages, determinants of the terms of trade, effect of trade on real wages.

International Trade Procedures and Documentation: Export procedure and documentation, methods of financing exporters and business risk management, custom clearance of import and export cargo, logistics and characteristics of modes of transportation, international transport system.

Indian economy Trade Policies: Introduction, meaning of international trade, international trade in services, adjustment mechanism in balance of payments account, importance of foreign trade, labeling packaging packing and marking, exchange control, non- tariff barriers.

International Logistics & supply Chain Management:  Logistics the supply chain and competitive strategy, logistics and customer value, measuring logistics costs and performance, creating the responsive supply chain, strategic lead time management, managing risk in the supply chain.

Job Opportunities after completion of Diploma in Foreign Trade course:

After the successful completion of the Diploma in Foreign Trade program, graduates are well-equipped to enter the dynamic and global field of international trade and business. This advanced diploma focuses on developing knowledge about global markets, export and import laws, logistics, international business practices, trade agreements, and customs regulations. Graduates are trained to handle various international trade activities, ensuring smooth operations in cross-border transactions.

Career Options for Graduates of the Diploma in Foreign Trade:

1. Export/Import Manager

• Role: Export/Import Managers are responsible for overseeing the logistics of exporting and importing goods across international borders. They manage relationships with foreign suppliers, customers, and shipping agents, ensuring that goods are delivered on time and comply with regulations.
• Salary Range:
  • Entry-level: ₹4,00,000 – ₹6,00,000 per annum
  • Mid-level: ₹6,00,000 – ₹10,00,000 per annum
  • Senior-level: ₹10,00,000 – ₹18,00,000+ per annum

2. International Trade Manager

• Role: International Trade Managers handle a company’s global trade operations, develop trade strategies, and ensure compliance with international trade laws. They work to expand the company’s presence in foreign markets and improve the profitability of cross-border trade.
• Salary Range:
  • Entry-level: ₹5,00,000 – ₹7,00,000 per annum
  • Mid-level: ₹7,00,000 – ₹12,00,000 per annum
  • Senior-level: ₹12,00,000 – ₹20,00,000+ per annum

3. Foreign Trade Consultant

• Role: Foreign Trade Consultants provide expert advice to businesses on international trade opportunities, export and import regulations, risk management, and market entry strategies. They help companies expand into new markets and ensure compliance with global trade laws.
• Salary Range:
  • Entry-level: ₹4,00,000 – ₹6,00,000 per annum
  • Mid-level: ₹6,00,000 – ₹10,00,000 per annum
  • Senior-level: ₹10,00,000 – ₹18,00,000+ per annum

4. Logistics Manager

• Role: Logistics Managers are responsible for the planning, implementation, and management of the movement of goods and services globally. They work with shipping companies, freight forwarders, and customs agencies to ensure the timely delivery of products to international markets.
• Salary Range:
  • Entry-level: ₹5,00,000 – ₹7,00,000 per annum
  • Mid-level: ₹7,00,000 – ₹12,00,000 per annum
  • Senior-level: ₹12,00,000 – ₹20,00,000+ per annum

5. International Business Development Manager

• Role: International Business Development Managers focus on identifying new markets and international business opportunities for the company. They negotiate deals with foreign companies, expand the brand’s reach, and ensure the company thrives in global markets.
• Salary Range:
  • Entry-level: ₹5,00,000 – ₹8,00,000 per annum
  • Mid-level: ₹8,00,000 – ₹12,00,000 per annum
  • Senior-level: ₹12,00,000 – ₹18,00,000+ per annum

6. Trade Finance Specialist

• Role: Trade Finance Specialists handle financial operations related to international trade, such as letters of credit, trade credit, and financial instruments. They work with banks, financial institutions, and export/import businesses to ensure that transactions are funded and risks are mitigated.
• Salary Range:
  • Entry-level: ₹4,50,000 – ₹7,00,000 per annum
  • Mid-level: ₹7,00,000 – ₹12,00,000 per annum
  • Senior-level: ₹12,00,000 – ₹18,00,000+ per annum

7. Customs Manager

• Role: Customs Managers ensure that goods are in compliance with local and international customs regulations. They are responsible for handling documentation, ensuring duties and taxes are paid, and managing the legal aspects of cross-border shipping.
• Salary Range:
  • Entry-level: ₹4,50,000 – ₹7,00,000 per annum
  • Mid-level: ₹7,00,000 – ₹12,00,000 per annum
  • Senior-level: ₹12,00,000 – ₹18,00,000+ per annum

8. International Marketing Manager

• Role: International Marketing Managers are responsible for the development and implementation of marketing strategies tailored for foreign markets. They research customer needs, competitor behavior, and market trends to ensure successful entry and sustained business in international markets.
• Salary Range:
  • Entry-level: ₹5,00,000 – ₹7,00,000 per annum
  • Mid-level: ₹7,00,000 – ₹12,00,000 per annum
  • Senior-level: ₹12,00,000 – ₹20,00,000+ per annum

9. International Sales Manager

• Role: International Sales Managers oversee the sales process in foreign markets, ensuring that sales targets are met. They manage sales teams, develop sales strategies, and build relationships with international clients.
• Salary Range:
  • Entry-level: ₹5,00,000 – ₹7,00,000 per annum
  • Mid-level: ₹7,00,000 – ₹12,00,000 per annum
  • Senior-level: ₹12,00,000 – ₹20,00,000+ per annum

10. Trade Policy Analyst

• Role: Trade Policy Analysts research and analyze trade policies, agreements, and regulations that affect international trade. They advise businesses on changes in trade laws, tariffs, and market access to ensure compliance and identify opportunities in global trade.
• Salary Range:
  • Entry-level: ₹4,00,000 – ₹6,00,000 per annum
  • Mid-level: ₹6,00,000 – ₹10,00,000 per annum
  • Senior-level: ₹10,00,000 – ₹18,00,000+ per annum

Key Skills Developed During the Program:

• Global Trade Laws: Understanding of the legal frameworks and regulations governing international trade, including WTO policies and bilateral trade agreements.
• Customs and Documentation: Knowledge of customs procedures, import/export documentation, and tariffs.
• Logistics and Supply Chain Management: Managing international logistics, transportation, and warehousing of goods across borders.
• Market Research & Analysis: Ability to conduct research into international markets, trends, and consumer behavior.
• Cross-Cultural Communication: Developing effective communication and negotiation skills to work across cultures and time zones.
• Risk Management: Identifying and mitigating the risks involved in international trade, including political, financial, and currency risks.

Salary Growth Factors:

• Experience: Experience plays a significant role in salary progression. Senior positions such as managers or consultants earn higher salaries due to their expertise and leadership responsibilities.
• Industry: Industries such as FMCG, pharmaceuticals, manufacturing, IT, and logistics tend to offer higher salaries for foreign trade professionals due to the global nature of their operations.
• Location: Major metro cities like Mumbai, Delhi, Bangalore, and Chennai offer better salary opportunities in foreign trade due to the concentration of multinational companies and trade organizations.

Conclusion:

The Diploma in Foreign Trade opens doors to a wide range of career opportunities in global trade and international business. Graduates can expect to start with good salaries and progress quickly into higher-paying roles as they gain experience and expertise. The demand for skilled professionals in the global trade sector is growing, and the salary range reflects the importance of these roles in driving business expansion and cross-border operations. Graduates of this program are well-positioned for lucrative and fulfilling careers in a wide array of industries involved in international commerce.