B Com Foreign Trade Management

In India, the Bachelor of Commerce (B.Com) in Foreign Trade is among the popular courses on offer in some of the top commerce colleges. The 3-year undergraduate programme trains you, an aspirant, in the field of international business and market place, inculcating skills and knowledge you need to tackle the current and future challenges in international trade.

The curriculum of a B.Com Foreign Trade Management programme has been designed with the objective of producing qualified professionals capable of understanding the intricacies of international business and provide relevant solutions for the economical challenges of foreign trade. The curriculum would also provide students with insight into the foreign trade policies of different nations, have a deeper understanding of the international market and even provide efficient methods to make products and services attractive in foreign soil.

B.Com Foreign Trade Management Course Highlights

Check out the major B.Com Foreign Trade Management course highlights here.

• All candidates should have cleared the class 12 board examination from a recognised board of education such as CBSE, ICSE or equivalent State Board.

• They must also have secured a minimum aggregate score of 45% or more in the qualifying examination, preferably in Commerce Subjects such as Mathematics, Business Studies, Accountancy, Economics etc.

• Aspirants may also be required to have appeared for an entrance examination as outlined by the respective B.Com colleges.

B.Com Foreign Trade Management Admission Process

The commerce colleges in India offer admission to different B.Com courses based on different admission methodologies, which include either entrance-based admissions or merit-based admissions. Many colleges opt for entrance-based examinations, wherein, the university/college in concern conducts a University-level entrance examination, applicable for admissions only in the affiliated or constituent colleges of the respective University. Check out the different B.Com Foreign Trade Management admission processes opted in India.

Entrance-Based Admissions

• After completion of the application process, applicants will be called for a University-level entrance exam at a specified location, date and time.

• After attempting the examination, candidates will be shortlisted based on the scores they obtained in the entrance exam. The University/college may release a merit-list containing the names of shortlisted candidates or all candidates with their respective scores/ranks.

• Based on the scores and ranks, candidates will either have to sit for a counselling session or be called for a Personal Interview and/or Group Discussion. This will vary depending on the admission policies opted by individual colleges or universities.

• In cases of colleges opting for Personal Interview, candidates will be selected for admission based on their overall performance in the entrance exams, personal interview and/or group discussion.

• Under Counseling method, candidates will be given options for the course and college based on the scores and/or rank obtained in the entrance test. Candidates will be selected for admissions based on their choices, entrance scores and availability of seats.

Merit-Based Admissions

• Candidates will be asked to produce the requisite documents proving their eligibility to the course.

• After the Document Verification session, depending on the admission policy of the individual colleges, candidates may either be called for a Personal Interview and/or Group Discussions.

• If applicable, candidates will be shortlisted for admissions based on the overall performance of candidates using the past academic record, interviews and group discussions and any further admission processes.

B.Com Foreign Trade Management Course Fee

For those interested in pursuing the 3-year undergraduate programme at one of the commerce colleges in the country will require aspirants to pay an average B.Com Foreign Trade Management course fees ranging between ?10,000 - ?1,25,000 per annum. The course fee for B.Com Foreign Trade Management will differ based on various factors, especially the ownership of the college, i.e. whether it is a Government or Private college. Government B.Com colleges are expected to be comparatively cheaper than that of a Private B.Com college.

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B.Com has been one of the popular choices for many students across India, especially due to the immense career opportunities and stability. Specialising in different aspects of the field would allow for much better packages and career development opportunities. Currently, the global market is a booming industry with immense scope for better trade and financial relations between countries. Therefore, pursuing a course which focuses on trade relations and foreign trade management would bring forth immense career opportunities after B.Com Foreign Trade Management.

There are various areas of employment for B.Com Foreign Trade Management graduates, which include:

• Aviation and Transport Agencies

• Import and Export Industry

• Financial and Banking Institutions

• Trade Relations Department

• Customs

• Multi-National Corporations

In these industries, graduates of B.Com Foreign Trade Management candidates will be able to pursue a career different profiles, some of which include:

• Market Analyst

• Marketing Manager

• Auditor

• Business Analyst

• Finance Analyst

• Operations Manager

• Equity Research Analyst

• Accountant

• Investment Analyst

• Personal Consultant

On average, a candidate who wishes to pursue a career after graduating B.Com Foreign Trade Management, the annual package that will be offered to them can, initially, range between ?2,50,000 - ?4,75,000. With proper skills and experience gained through years of working in the field, candidates can grow to earn an annual package ranging between ?9,00,000 - ?16,00,000. The annual salary of a B.Com Foreign Trade Management graduate will be determined on the basis of various factors such as the area of employment, job profile and organisation join, among others.

Apart from pursuing a career right after graduation, candidates can also pursue higher education. Some of the courses that can be pursued right after the course include:

• MBA / MBA in International Business

• PGDM

• LLB

• B.Ed

There are many more courses that can be pursued right after graduation. However, pursuing higher education helps in improving the career prospects of a candidate. Better career positions and annual packages come along with pursuing a higher education degree.