Bachelor Of Commerce (B.Com.) Foreign Trade Management
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3 Years
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Under Graduate
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Commerce
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Full Time
3 Years
Under Graduate
Commerce
Full Time
B.Com. in Foreign Trade Management is a great entry-level course that will prepare you for a career in global trade. Students who complete this course will have the necessary skills to work with international businesses and make a positive impact on the world's trade relations.
To qualify for the course, candidates must have a 10+2 or it's equivalent from a recognized board. They must also have completed an entrance examination in their subject area. The entrance exams vary from college to college, so check with your school for the specific requirements. If you want to pursue a career in international trade, you'll need excellent communication skills.
Many employers look for graduates with a B.Com. in Foreign Trade Management. This degree prepares students for professional positions in foreign trade management, and it can open doors to many different career paths. If you're seeking a career in international trade, you'll have a wide range of job opportunities, including marketing, sales, and finance.
| Full-Form | Bachelor of Commerce in Foreign Management |
|---|---|
| Course Level | Undergraduate |
| Duration | 3 years |
| Examination Type | Semester wise |
| Eligibility | 10+2 with a minimum score of 50% in any stream (Preferably commerce) from a recognized school board. |
| Admission Process | Merit-based/Entrance Exam |
| Course Fees | INR 25,000 to INR 5,00,000 for the entire course |
| Average starting salaries | INR 3,00,000 to INR 8,00,000 |
| Top Recruiting areas | Trade Management, International business management, Accounting, Financial Advisory, Government and Private sector banks, Aviation and Transport agencies, Export and Import Industry, Custom Houses, Universities and colleges, and more areas dealing in Foreign trade management |
| Job Positions | Business Analyst, Market Analyst, Auditor, Foreign Trade operations manager, Professor/Lecturer, Marketing Manager |
In today's interconnected world, where the global market continues to expand, a solid foundation in foreign trade management is not just advantageous but essential for those aiming for a successful career in international business. Enter the Bachelor of Commerce (B.Com) in Foreign Trade Management program that serves as a springboard for aspiring professionals looking to dive deeper into the dynamics of international trade.
This specialized program not only equips students with a comprehensive understanding of the intricacies of global commerce but also serves as a launching pad for further academic pursuits. Upon completing their B.Com in Foreign Trade Management, individuals are poised to pursue advanced degrees such as Master of Business Administration (MBA) or Post Graduate Diploma in Management (PGDM) with a specialization in foreign trade management.
Candidates must first ensure they meet the eligibility criteria for the BCom Foreign Trade Management program in the respective colleges. They then apply to the college/university.
BCom Foreign Trade Management Eligibility criteria typically include completion of 10+2 education from a recognized board with a minimum aggregate score, preferably in Commerce or related subjects. Some institutions may also require candidates to qualify in entrance exams or fulfill additional requirements like personal interviews.
1. Educational Qualification: Candidates must have passed the Class 12 board examination from a recognized board of education, such as CBSE, ICSE, or an equivalent State Board.
2. Minimum Aggregate Score: They should have secured a minimum aggregate score of 45% or more in the qualifying examination. Preference is often given to those who have studied Commerce subjects like Mathematics, Business Studies, Accountancy, Economics, etc.
3. Entrance Examination: Aspirants may also need to appear for an entrance examination as specified by the respective colleges offering the B.Com program.
1. BHU Entrance Exam: Banaras Hindu University conducts an undergraduate entrance test for various programs, including B.Com. The exam is computer-based and held across 200 cities. Aspiring candidates can fill out the online forms on the official website of Banaras Hindu University.
2. Delhi University Exam: The University of Delhi conducts an entrance exam for B.Com. The eligibility criteria include completing 10+2 with a required minimum score determined by the college's criteria.
3. Punjab University UG Entrance Exam: Panjab University conducts the PU CET (Punjab University Common Entrance Test) for admission to undergraduate courses, including B.Com.
Here’s a list of few entrance exams which are conducted for admission to the BCom Foreign Trade Management
| Entrance Exam | Exam Date |
|---|---|
| BHU B.Com. Entrance Exam | To be announced |
| Delhi University B.Com. Exam | To be announced |
| Punjab University UG Entrance Exam | To be announced |
Entrance exams are administered at the state or national level. Entrance exams are held for admission and students have to work hard to pass the competitive entrance tests to be admitted to the best institutions. Here are some of the Bcom Foreign Trade Management:
| College Name | Average Annual Fees |
|---|---|
| Rashtrasant Tukadoji Maharaj Nagpur University, Nagpur | INR 10,800 |
| M B Khalsa College, Indore | INR 16,000 |
| Institute of Professional Education & Research, Bhopal | INR 54,450 |
| Renaissance College of Commerce and Management, Indore | INR 16,000 |
| Semester 1 | Semester 2 |
|---|---|
| Basics of Foreign trade | English Language and Indian Culture |
| Entrepreneurship | Business Organisation and Communication |
| Financial Accounting | Business Mathematics |
| Business Law | India’s Foreign Trade |
| Accounting | Development of Entrepreneurship |
| Semester 3 | Semester 4 |
| Environmental studies | Cost Accounting |
| Corporate Accounts | Principles of management |
| Statistics | Financing and procedure |
| Elements of Export Marketing | Environmental studies |
| Hindi Language | Language and Temper |
| English Language | Market Dynamics |
| Semester 5 | Semester 6 |
| Income Tax Law | Foreign Trade Relation |
| Management Accounting | Management |
| Shipping, Insurance & Documentation | Indirect Taxes |
| Basic Computer Technology 01 | Language and aspects of Development |
| Hindi Language | Basic computer language 02 |
| English Language | Entrepreneurship Development |
| Parameters | BCom Foreign Trade Management | BBA Foreign Trade Management |
|---|---|---|
| Full form | Bachelor of Commerce in Foreign Trade Management | Bachelor of Business Administration in Foreign Trade Management |
| Overview | Aims to equip candidates with an overall understanding and working of international trade management. | Aims to equip candidates with more administrative and managerial aspects of international trade management. |
| Duration | 3 years | 3 years |
| Degree type | Undergraduate | Undergraduate |
| Admission process | Merit-based/ Entrance exam | Merit-Based/ Entrance exam |
| Average fees | INR 25,000 to INR 5,00,000 | INR 35,000 to INR 3,00,000 |
| Average salary package | INR 3,00,000 to 8,00,000 | INR 5,00,000 to 10,00,000 |
There are many benefits to a B.Com. in Foreign Trade Management. For one, it gives students an understanding of international trade and business. For another, the course prepares students for a thriving career in the field. Moreover, the course helps them gain leadership and management skills.
A B.Com in Foreign Trade Management is a good entry-level degree that will help you build a rewarding career. Graduates may enter international businesses as part of their management team or in export houses as sales and finance experts. They can also enter the management ranks of multinational companies that deal in international trade.
In addition, it will help them pursue further studies in related fields. However, the most rewarding benefit of B.Com. in Foreign Trade Management is the chance to move up the corporate ladder.
Graduates can also become professors, consultants, or marketing managers. Most colleges offer the B.Com. in Foreign Trade Management program at the undergraduate level. However, some colleges may require an entrance exam.
International Business, otherwise known as foreign trade, is a fascinating field to enter. This industry deals with the exchange of goods, services, capital, and information between nations. Since no country can produce all the goods it needs, it relies on other countries for imports and exports. Some countries export their surpluses to others, while others import their goods from other countries.
However, salaries are not guaranteed. Many factors affect salaries. Applicants should keep in mind that some institutions require candidates to take a competitive entrance exam. Some colleges also conduct group discussions and personal interviews. Candidates must have a strong grasp of the English language and have good communication skills.
If you have an interest in international business, a career in foreign trade could be for you. There are many B.com foreign Trader Career opportunities available for, ranging from working in an export house in a new business hub. You could also become a marketing executive for a manufacturing company, a financial institution, or even a government agency.
Graduates with a B.Com in Foreign Trade Management will have a wide range of employment options. After graduation, graduates can expect to land positions with top export houses, as well as in executive management programs. Often, these positions are in management positions and can boost a candidate's career.
Here's the table showing the average salary per annum offered in different job roles in the field of Foreign Trade Management:
| Job Profile | Average Salary per annum |
|---|---|
| Marketing Manager | Rs. 5.5 – 6.5 lakhs p.a. (Approx.) |
| Financial Advisor | Rs. 5 – 6 lakhs p.a. (Approx.) |
| Financial Manager | Rs. 4.5 - 5.5 lakhs p.a. (Approx.) |
| Accountant | Rs. 4 – 5 lakhs p.a. (Approx.) |
| Business Analyst | Rs. 3.5 – 4.5 lakhs p.a. (Approx.) |
Q. What is BCom Foreign Trade Management?
Ans. BCom Foreign Trade Management is an undergraduate degree program that focuses on providing students with knowledge and skills related to international trade practices, policies, and procedures. It aims to equip students with a thorough understanding of global commerce, export-import regulations, foreign exchange markets, and international business strategies.
Q. What are the career prospects after completing BCom Foreign Trade Management?
Ans. Graduates of BCom Foreign Trade Management can pursue various career opportunities in both government and private sectors. They can work as export-import managers, international trade analysts, logistics coordinators, customs officers, foreign exchange executives, trade finance specialists, and more.
Q. What subjects are covered in the BCom Foreign Trade Management curriculum?
Ans. The curriculum typically includes subjects like international trade laws, export-import procedures, foreign exchange management, global economics, trade finance, logistics and supply chain management, business communication, and cross-cultural management.
Q. What are the eligibility criteria for admission to BCom Foreign Trade Management?
Ans. The eligibility criteria may vary from one college or university to another. However, in general, candidates are required to have completed their 10+2 education from a recognized board with a minimum aggregate score as specified by the institution.
Q. What is the duration of the BCom Foreign Trade Management course?
Ans. BCom Foreign Trade Management is usually a three-year undergraduate degree program divided into six semesters.
Q. Is there any entrance exam for admission to BCom Foreign Trade Management?
Ans. Some colleges and universities may conduct entrance exams for admission to BCom Foreign Trade Management, while others may admit students based on merit or through centralized admission processes.
Q. What is the difference between BCom Foreign Trade Management and other related courses like BBA Foreign Trade Management?
Ans. BCom Foreign Trade Management focuses more on commerce-related aspects of international trade, while BBA Foreign Trade Management emphasizes on business administration and managerial aspects in the context of global trade.
Q. Can I pursue further studies or specialization after completing BCom Foreign Trade Management?
Ans. Yes, graduates can pursue higher education such as Masters in International Business (MIB), Masters of Business Administration (MBA) with specialization in International Business, or other relevant postgraduate programs for further specialization.
Q. Are internships or practical training a part of the BCom Foreign Trade Management program?
Ans. Many institutions include internships or practical training as a part of the BCom Foreign Trade Management curriculum to provide students with hands-on experience in real-world trade environments.
Q. What are some of the top colleges or universities offering BCom Foreign Trade Management?
Ans. Some of the top colleges or universities offering BCom Foreign Trade Management include Rashtrasant Tukadoji Maharaj Nagpur University, Panjab University, Delhi University, and more. It's advisable to research and choose colleges based on their reputation, faculty, infrastructure, and placement opportunities.
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