B.Com. in Foreign Trade Management is a 3-year undergraduate program involving an advanced study of economics, business, accounts, and their management. The course’s ambit includes accounting of expenditure, management of resources, study of business relations, and management of trade flow, among others.
The course curriculum has been designed to offer enrolled candidates an insight into:
- The global perspectives of economic and commercial activities.
- The nature and functioning of commerce-related activities in the backdrop of global market.
- Factors that affect global trade, and the major concepts and terminologies related to international trade and business.
Some of the prestigious institutes that offer the course in India are listed below:
- Indian Institute of Foreign Trade
- Institute of Professional studies
- S.A. Jain College
- Osmania University.
The basic eligibility criterion for pursuing the course is a 10+2 or equivalent qualification in any stream from a recognized educational Board. Admission to the course is based on the candidate’s performance in a relevant entrance exam or merit obtained in the last qualifying exam.
The average tuition fee charged for the course in India ranges between INR 25,000 and 5,00,000 for a span of 3 years. Successful graduates of the course can expect anything between INR 3 to 80,00,000 as annual salary in the industry, increasing with experience and skill set.
Such graduates are hired in capacities such as Trade Analyst, Business Consultant, Export Manager, Business Development Executive, Budget Analyst, Financial Advisor, and such.
The major entrance exams conducted for admission to the course in India are:
- BHU B.Com. Entrance Exam
- Punjab University UG Entrance Exam
- Amity University Entrance exam
- Delhi University B.Com. Exam.
Top Colleges for Bachelor of Commerce [B.Com] (Foreign Trade Management)
- Bachelor of Commerce [B.Com] (Foreign Trade Management) in Madhya Pradesh
- B.Com in Delhi-NCR
- B.Com in Maharashtra
- B.Com in Chennai
- B.Com in Uttar Pradesh
- B.Com in Telangana
B.Com. in Foreign Trade Management: Course Highlights
The major highlights of the course are tabulated below:
|Examination Type||Semester System/ Year wise|
|Eligibility||10+2, preferably with Commerce subjects, with a minimum aggregate score of 50%.|
|Admission Process||Merit-based/ Entrance test|
|Course Fee||INR 25,000 to 5 Lacs|
|Average Starting Salary||INR 3 to 80 lacs per annum|
|Top Recruiting Areas||Business development, Trade management, Accounting, Financial advisory, Teaching, Banking, Analysis, Export management, and such.|
|Job Positions||Analyst, Advisor, Accountant, Manager, Broker, Estimator, Public Accountant, Lecturer, among others.|
B.Com. in Foreign Trade Management: What is it About?
Commerce is defined as the study of business and accounting in relation to the daily transaction made in goods and services. Such a deal in goods and services is what constitutes trade.
Trade is an instrumental part of economics and commercial activities and is considered the engine of economic activity. The machinery of trade needs sufficient and trained manpower, and so, such candidates are trained to work as effective manpower in the trading and management sector.
Candidates enrolled in the course are imparted training in aspects related to the import and export-related parts of the trade cycle, in the various procedures and requirements for carrying out the business efficiently.
They are familiarized with the rules and laws of international trade, concepts of foreign exchange and foreign finance.
The course provides in-depth study of foreign trade along with other related functional areas of commerce and business such as accountancy, financial analysis, business relations, relation management, and trade analysis.
Such students get recruited across MNCs and Indian companies with large-scale global operations like Tata group, Reliance group, Nestle, Dabur, PepsiCo, etc.
Top Institutes offering B.Com. in Foreign Trade Management
Listed below are some of the top institutes in India that offer the course:
|Name of Institute||City||Average Fees|
|Lala Lajpat Rai College of Commerce and Economics||Mumbai||INR 18,000|
|I.K. Gujral Punjab Technical University||Jalandhar||INR 17,000|
|PSG College||Coimbatore||INR 13,900|
|Rajiv Academy for Technology and Management||Mathura||INR 18,000|
|Dr. Babasaheb Ambedkar Marathwada University||Aurangabad||INR 9,000|
|Maulana Azad College||Aurangabad||INR 8,460|
|Park’s College||Tiruppur||INR 20,000|
|Loyola College||Chennai||INR 4, 614|
|Hindu College||Delhi||INR 15,000|
|ST. Xavier’s College||Mumbai||INR 4, 718|
|Mount Carmel college||Bangalore||INR 44,000|
|Symbiosis College||Pune||INR 15, 833|
|Hans Raj College||Delhi||INR 14, 333|
|Stella Maris||Chennai||INR 12, 440|
|Madras Christian College||Chennai||INR 27, 919|
|Nizam College||Hyderabad||INR 5, 333|
|IP College for women||Delhi||INR 7,770|
|Gargi college||Delhi||INR 24,000|
Eligibility for B.Com. in Foreign Trade Management
Listed below are the minimum criteria which candidates interested in pursuing the course are required to fulfil, in order to be eligible to apply for the course:
- Successful completion of 10+2 in any stream, preferably Commerce, completed from a recognized educational Board.
- A minimum aggregate score of 50% (45% for SC/ST candidates) at the 10+2 level.
B.Com. in Foreign Trade Management: Admission Process
Most institutes offering the course admit students based on performance in a relevant entrance test, often followed by a round of personal interview, wherein their general aptitude for the course is tested. Admission process generally varies across colleges.
A few institutes also provide direct admission based on the candidate’s performance at the 10+2 level.
Listed below are some of the top entrance exams conducted in the country for admission to the course:
- BHU B.Com. Entrance Exam
- Punjab University UG Exam
- Calcutta University UG Exam
- Ranchi University UG Exam
- Common entrance Test Tamil Nadu University
- Telangana University Common Entrance Test
- Rajasthan University Entrance Exam.
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B.Com. in Foreign Trade Management: Syllabus and Course Description
A semester-wise breakup of the course’s syllabus is tabulated here:
|Semester I||Semester II|
|Basics of Foreign Trade||English language and Indian Culture|
|Entrepreneurship||Business Organization and Communication|
|Financial Accounting||Business Mathematics|
|Business Law||India’s Foreign Trade|
|Accounting||Development of Entrepreneurship|
|Semester III||Semester IV|
|Environment Studies||Cost Accounting|
|Corporate Accounts||Principals of Management|
|Statistics||Financing and Procedure|
|Elements of Export Marketing||Environmental studies|
|Hindi Language||Language and Temper|
|English Language||Market Dynamics|
|Semester V||Semester VI|
|Income Tax Law||Foreign Trade relation|
|Management Accounting||Management |
|Shipping, Insurance, and documentation||Indirect Taxes|
|Basic Computer Technology 1||Language and aspects of development|
|Hindi Language||Basic Computer Technology 2|
|English Language||Entrepreneurship Development|
B.Com. in Foreign Trade Management: Career Prospects
Successful graduates of the course have the option of working with trade-related private and government firms, purchase agencies, accounting agencies, management agencies, export agencies, advisory departments, among others.
The government employs Accountants as Audit Officers who are responsible for auditing various government accounts. There is considerable demand for such graduates across areas like accounting, financing, management, advisory and business development.
Some of the popular professional avenues open to successful graduates of the course are listed below with the corresponding salaries offered for the respective positions:
|Job Position||Job Description||Average Annual Pay Scale in INR|
|Business Analyst||They are responsible for performing analysis of business and performance based on market mechanisms. They develop strategies for enhancing sales and growth of the business.||4,00,000|
|Financial Advisor||Financial Advisors are responsible for devising strategies for investment and return on capital. Also, they locate sources for finances of the firm and analyze financial policies.||5,10,000|
|Finance Manager||Finance Managers are responsible for management of all the financial aspects of the organization’s operation. They oversee the proper allocation of finance under each head through policy structure.||4,50,000|
|Accountant||Accountants are responsible for creating a balance sheet of all the assets, liabilities, debts, loans, and debentures of the firm. They maintain an up-to-date record of all the financial resources of the organization in a systematic manner.||4,40,000|
|Marketing Manager||Marketing Managers are responsible for deducing policies and strategy to enhance the market value and brand value along with rising in the profit margins of the firm. They work towards brand enhancement.||6,000,00|