Master Of Foreign Trade (MFT): Courses, Admission, Syllabus, Colleges, Eligibility, Entrance Exam, Career Scope and Salary

(1). About the Course

MFT or Master of Foreign Trade is a 2-year postgraduate course that offers getting to know modern and innovative components associated with global change and practices. MFT direction targets to offer complete know-how of operations, finance, export-import management, and supply chain management among other topics, that are deeply embedded in the MFT curriculum.

The primary objectives of a Master of Foreign Trade course are to equip students with a deep understanding of the international trade landscape, develop their analytical and decision-making abilities in the context of global business, and provide them with the practical skills required to excel in international trade roles. It aims to prepare students for careers in multinational corporations, export-import companies, government agencies, international organizations, consulting firms, and other entities involved in global trade.

The specific structure and content of a Master of Foreign Trade course may vary across universities and countries, but the overall aim remains consistent: to provide students with the necessary knowledge and skills to succeed in the dynamic and interconnected world of international trade.

Master of Foreign Trade combines a theoretical and practical understanding of foreign trade management and application in various fields. MFT direction is designed to offer college students the elaborate and superior expertise required with inside the discipline of overseas change and practices. After finishing the course, the MFT activity scope for applicants is throughout diverse regions along with banking, logistics, delivery chain, commercial enterprise consultancy, etc.

By studying this course, students gain a broader perspective on global business trends, acquire specialized knowledge in the field of international trade, enhance their cross-cultural communication skills, develop critical thinking abilities for making strategic business decisions in the global context, and build a strong foundation for a career in the international business arena.

Course Highlights for Master of Foreign Trade

The course highlight is a key that tells the whole course in a short summary table:

Particulars	Value
Course Name	Master of Foreign Trade
Course Level	Postgraduate
Course Duration	2 year
Course Mode	Full-time, Part-time, Distance, Online
Eligibility Criteria	Bachelor’s degree with minimum 50% Marks from a recognized university
Admission Process	Entrance/Merit-based
Entrance Exams	MAT, IIFT, XAT, CAT, GMAT, CMAT
Examination Type	Semester based
Age	No age limit
Average Annual Fee	INR 10,000-20,00,000
Average Annual Salary	INR 3,00,000-12,00,000
Job Profiles	Foreign Trade Analyst, Global Trade Manager, Supply Chain Manager, Export Manager, Teachers, professors, Foreign Trade Manager, Export Manager, Market Research Executive, Business Development Manager, Relationship Manager, etc.
Top Recruiters	Wipro, Bharti Airtel, HCL Technologies, Optima Insurance, Bajaj Alliance, ICICI Pru, Cashpor Microfinance, TCS, HSBC Bank, Tata Steel, HT Media Limited, etc.

Why study a Master of Foreign Trade course?

(1). Global Perspective

A Master of Foreign Trade course equips you with a comprehensive understanding of international trade practices, global business trends, and the dynamics of the global marketplace. This broader perspective allows you to navigate the complexities of the international business environment more effectively.

(2). Specialized Knowledge

The program offers specialized knowledge and skills in areas such as international marketing, logistics, supply chain management, international finance, trade regulations, and cross-cultural communication. This expertise is highly valued in companies engaged in international trade and can enhance your career prospects.

(3). Career Opportunities

The course opens up a wide range of career opportunities in multinational corporations, export-import companies, international organizations, government agencies, consulting firms, and more. You can pursue roles such as international trade manager, export-import specialist, global logistics coordinator, international business consultant, or trade analyst.

(4). Understanding Trade Policies and Regulations

International trade involves navigating a complex web of trade policies, regulations, and agreements. Studying foreign trade equips you with the knowledge to understand trade agreements like WTO rules, regional trade blocs, and bilateral agreements, enabling you to make informed decisions and comply with international trade regulations.

 (5). Adaptability and Cultural Intelligence

Engaging in international trade requires adaptability, cultural intelligence, and the ability to work effectively across different cultures and regions. A Master of Foreign Trade course helps you develop these skills by exposing you to various international perspectives and fostering an understanding of cultural nuances in business interactions.

(2). Admission Process for Master of Foreign Trade

Whether a candidate is admitted to the MFT program in full or in part depends on how well they perform on the qualifying exam. A graduate degree and strong exam results are the minimum prerequisites for candidates to be eligible for the MFT program.

Types of Master of Foreign Trade (MFT) Courses

Both full-time and part-time alternatives are to be had to aspirants for the course. The several types of MFT course details are given below:

(1). Distance

MFT Distance Education in India is a 2-year postgraduate correspondence software for people who can't attend everyday sessions. Master of Foreign Trade in India via distance gaining knowledge is obtainable through some faculties and universities, together with IGNOU.

(2). Full-Time

Full-Time MFT is a 2-year postgraduate direction divided into 4 semesters. Practical revel is attached with instructional facts on this subject. Students must attend regular class sessions. It has the advantage of permitting college students to beautify their studying curve and get hold of notably greater publicity and experience.

(3). Part-Time

A part-time MFT is a 2-year course. Professionals who're presently hired and not able to take time without working full-time have a look at can gain significantly from the part-time MFT program.

Eligibility Criteria for Master of Foreign Trade

(ii). 5% moderation for the reserved category students.

(iii). No receptacle could be accepted. Students must have to clear a bachelor’s degree.

(iv). Students should have a degree in BFT from a recognized university

(v). Some faculties and universities have one-of-a-kind standards for the course.

Admission Process for Master of Foreign Trade

(ii). CAT, MAT, XAT, CMAT, GMAT, and more are conducted for admission to the Master in Foreign Trade programs of top colleges in India.

(iii). Cutoff list released by colleges so that students can get admission according to it.

(iv). Students must visit colleges for verification of necessary documents.

(v). Some files are important for the duration of verification i.e., mark sheets, certificates, photographs, etc.

Accepted Entrance Exams for Master of Foreign Trade

For admission to the MFT program, numerous institutes in India have front exams. The entrance exams may be divided into 3 levels: national, state, and institutes based. Some of the most popular tests for MFT courses are listed below:

IIFT	CMAT
MAT	SNAP
CAT	GMAT
XAT

Skills Required for Master of Foreign Trade

Companies even recruit overseas exchange direction applicants of their corporation search for applicable competencies in them. Skills act as a base for the applicants and additionally assist them to get suit into one-of-a-kind activity roles. Therefore, applicants need to attention and attempt to broaden the desired ability set in a specific sector.

Below are a number of the abilities which a candidate need ought to choose a direction in this field:

Additional skill	Problem-solving
Decision making	logical thinking
Good communication skills	Good interpersonal skills
Creativity	English
Relevant interest

Fee Structure for Master of Foreign Trade

The MFT route charge isn't constant and relies upon many factors. Location, faculty, demand, infrastructure, and the centers reachable to the scholars are among the factors that have an impact on MFT fees. The common Master of the overseas alternate route price in India is around INR 10,000-20,00,000 PA.

Name of College	Average Fee
Kodaikanal Christian College, Tamil Nadu	INR 1,00,000
SIMS, Pune	INR 4,50,000
Fore School of Management, Delhi	INR 12,00,000
BIMTECH, Noida	INR 4,00,000
IIFT Delhi	INR 7,50,000

Selection Criteria for Master of Foreign Trade

The choice method for MFT admission applications may be accomplished both through merit-primarily based totally or entrance-primarily based totally methods. Based on their instructional performance, having graduated with at least 50 percent in any subject from a permitted institution. To get selected, candidates need to skip an entrance examination just like the CAT, MAT, GMAT, etc. Applicants are then certified for the following spherical admission.

(3). Course Comparison

MFT v/s MBA in Foreign Trade

The MFT complete shape is Master of Foreign Trade, and its miles are usually geared towards students who're inquisitive about elements of import-export international alternate, along with overseas alternate policy, logistics operations, etc. The table underneath showcases the variations between MFT and MBA in Foreign trade:

Parameters	MFT	MBA in FT
Course Name	Master of Foreign Trade	Master of Business Administration in Foreign Trade
Course Overview	MFT or Master of Foreign Trade is a two-year post-commencement path in overseas alternate control or worldwide alternate. The direction offers with the change of products and offerings among countries. Students will study the alternatives of goods, capital, and offerings throughout the world. In India, it is also known as the import and export domain.	MBA in foreign trade is a 2-year course. This course is for postgraduates. The main aim of the course is to develop an understanding of the policies, aspects, and intricacies of international business. It is an amalgamation of trades, sales, marketing, and management.
Course Duration	2 year	2 year
Eligibility	Bachelor’s degree with minimum 50% Marks from a recognized university	Bachelor’s degree with minimum 50% aggregate marks from a recognized institute
Course Stream	Foreign Trade	Foreign Trade
Entrance Exams	MAT, IIFT, XAT, CAT, GMAT, CMAT	CAT, XAT, IIFT, GMAT
Average Annual Fees	INR 10,000-20,00,000	INR 1,00,000-14,00,000
Average Annual Salary	INR 3,00,000-12,00,000	INR 9,50,000-13,00,000
Top Colleges	SIMS(Pune), Fore School of Management(Delhi), BIMTECH(Noida), IIFT(Delhi), etc.	Chandigarh University, Lovely Professional University, Indian Institute of Foreign Trade, etc.

Read More: MBA in FT

(4). Top Colleges for Master of Foreign Trade

Master of Foreign Trade in India is a rising course. It gives applicants many possibilities to make sure that every commercial enterprise operations are performed and suitable compliance is achieved. The following is a listing of the top schools for a Master of Foreign Trade direction in India:

Name of College	Average Annual Fee(INR)
IIFT Kolkata	INR 7,00,000
Loyola Institute of Business Administration, Chennai	INR 3,08,000
KJ Somaiya Institue of Management, Mumbai	INR 8,00,000
CMS Business School, Bangalore	INR 4,50,000
Prin. L. N. Welingkar Institute of Management Development & Research, Mumbai	INR 80,000
MIT World Peace University, Pune	INR 4,50,000
T. A. Pai Management Institute, Manipal	INR 8,85,000
Pondicherry University	INR 1,00,000

(5). Job & Placements for Master of Foreign Trade

Professionals in the foreign trade sector have opportunities to select from a wide range of job roles. As international trade is a wide concept and is a very vast field, there is a lot of work that companies have to deal with while trading with foreign countries.

Job Profiles for Master of Foreign Trade

Various factors of Foreign Trade change along with import, export, documentation, and regulation provide various process roles to the candidates. They additionally get the selection of operating in both Government or the Private sector, inside or outdoor a country. Below is a desk displaying diverse activity positions alongside its description:

Job Profile	Job Description
Accountant	They are accountable for maintaining information on all the assets, liabilities, inflow, outflow, loans, debts, and one-of-a-kind important sports activities of the firm.
International Business Consultant/ Foreign Trade Consultant	Their task is to investigate the firm's operations and provide answers to benefit fulfillment within the worldwide market. They additionally goal to offer sessions and offer upgrades to elevate the earnings margins of the firm.
Financial Advisor	Their task is to broaden strategies, locate assets of finance, and examine monetary regulations to get the right go back on funding and capital.
Finance Manager	They appear after and manipulate all of the economic components of the firm.
Marketing Manager	The process of the advertising supervisor is to put in force accurate rules and techniques to boom the income margin of the firm. They moreover seem after raising the market and brand fee of the firm.
Foreign Trade and Business Analyst	Their function is to investigate the enterprise and its overall performance with the aid of using maintaining in thought the numerous marketplace mechanisms.

Top Recruiters for Master of Foreign Trade

Some of the regions wherein applicants are hired after finishing qualifications in Foreign Trade:

Port Trusts	Consultancies
Import & Export Agencies	Walmart
Standard Chartered Bank	Citigroup, Prada
Morgan Stanley	Goldman Sachs
Logistics Firms	International Trading Firms
Supply Chain Management Firms	Government Departments (Customs, IMPEX)
MNCs (Multinational Corporations)

Average Salary for Master of Foreign Trade

Below is a table showing the average salary per annum offered in different job roles in the field of foreign trade:

Job Role	Average Annual Salary(INR)
Business Analyst	Rs. 3,50,000-4,50,000
Foreign trade manager	Rs. 6,00,000-7,00,000
Marketing Manager	Rs. 5,50,000-6,50,000
Supply chain manager	Rs. 8,00,000-9,00,000
Export manager	Rs. 10,00,000-11,00,000
Financial Advisor	Rs. 5,00,000-6,00,000
Global trade manager	Rs. 14,50,000-15,50,000
Relationship manager	Rs. 5,00,000-6,00,000
Accountant	Rs. 4,00,000-5,00,000
Financial Manager	Rs. 4,50,000-5,50,000

(6). Career/Scope for Master of Foreign Trade

Career possibilities for certified specialists in the area of overseas exchange are growing daily at an excessive rate. Big companies, manufacturers, authorities institutions, economic institutions, and different corporations all over the sector are constantly hiring specialists to sport out their overseas alternate practices. As a result, certified experts on this zone have substantial possibilities both in India and overseas countries.

There is a massive scope in this area because of the involvement of global corporations and additionally because of the supply of numerous activity profiles. Candidates can get the possibility to work on global projects, or they also can be assigned the function of a Foreign Trade supervisor and plenty of different high-profile roles.

Career options after MFT Graduation 

For an MFT graduate, there are numerous positions to be had in diverse fields. The process roles will extrude relying on the region or enterprise chosen. For MFT graduates, the following job profiles offer a variety of employment options with significant pay scales:

(i). Market Research Executive
(ii). Global Trade Manager
(iii). Professor
(iv). Foreign Trade Analyst
(v). Business Development Manager

Scope for Higher Education in Master of Foreign Trade

The scope of MFT is vast, and aspirants can pursue higher studies after obtaining the degree. The following are a few of the best higher education programs in the area of Master of foreign trade:

(i). M.Phil
(ii). Post Graduate Diploma courses
(iii). PhD

Skills that make you the Best MFT Graduate

To excel as a Master of Foreign Trade graduate, various skills need to be inculcated in the ongoing learning environment that will help improve the individual learning curve and boost a practical approach to solving problems.

(i). Communication skills
(ii). Networking skills
(iii). Leadership skills
(iii). Analytical skills
(iv). Problem-Solving skills

(7). FAQs

(1). What is the Master of Foreign Trade?

Ans. MFT or Master of foreign trade is a 2-year post-graduation course in foreign trade management or international trade. In India, it is also known as the import and export domain. The eligibility criterion for a Master of foreign trade is to qualify for a Bachelor in foreign Trade from a recognized institute with minimum of 50% aggregate marks.

(2). How to apply for admission to the Master of Foreign Trade?

Ans. The one who has completed a Bachelor’s degree can apply after the application form releases through online mode.

(3). What will be the salary after International Trader?

Ans. The salary after International Trader will be INR 7,20,000 per annum and the person having experience of 20-30 years will get INR 17,00,000 per annum.

(4). What is the difference between a Master of Foreign Trade and a Master of Business Administration in international business?

Ans. Candidates pursuing a Master of Foreign Trade has to trade goods and services between foreign countries while a Master of Business administration in international business deals with the developing workforce who has complete information about international business scenarios.

(5). What are the minimum and maximum fees in public colleges of Master of Foreign Trade?

Ans. The minimum and maximum fees in public colleges are INR 20,000 and INR 20,000 respectively.

(6). What are the minimum and maximum fees in private colleges of Master of Foreign Trade?

Ans. The minimum and maximum fees in private colleges are INR 61,000 and INR 1,70,000 respectively

(7). What will be the recruiting areas in the Master of Foreign Trade?

Ans. The recruiting areas in Master of Foreign Trade are State Trading Corporations, MNCs Departments, Custom Clearing Houses, International Trade Regulatory Bodies, Exports Units, Trade Regulatory Bodies, Research & Educational Institutions, etc.

(8). What is the working hour of a Foreign Trade professional?

Ans. The working hours vary depending upon various factors such as country, job role, and many others. But, generally, professionals in this field have to work for appx. 6-8 hours per day and international trade specialists have to work full-time.

(9). Is International Trader a good major?

Ans. Yes, International Trader is a good major because the money in this profession is good.

(10). What is the key difference between domestic trade and foreign trade?

Ans. Domestic trade is the trade between two or more states, cities, or regions within the boundaries of a country, whereas, foreign trade is the trade between two or more countries.  Domestic trade does not have any impact on the value of the national currencies. While foreign trade practices have a direct impact on the value of the national currency of any country.  The calculation of taxes and practices involved in making domestic trade is much simpler than foreign trade.