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Post Graduate Diploma in Foreign Trade(PGPFT), is a postgraduate course of 1/2 years, with 2/4 semesters. The course deals with the study of policies of international trade, services, goods, capital exchange, marketing, finance, and Human resource management etc.
To be eligible for PGP in Foreign Trade course you must complete 10+2 level, have a Bachelor's degree with minimum 50% qualifying marks or as per the university's requirements, and a valid score of CAT/MAT/GMAT/XAT/CMAT or any other examination score.
Admissions to this course is generally entrance and merit based, therefore it is essential to appear for the accepted entrance examinations. Some colleges may also conduct a personal interview. The final selection list is decided after the completion of PI/GD, work experience and along other factors.
Some of the top institutes offering this course are Indian Institute of Foreign Trade, Jagdish Seth School of Management, Institute of Management Studies and Symbiosis Institute of International Business. The average course fees ranges from INR 10K to 25 lakhs. The fees of the course differ from institute to institute.
The course curriculum provides a detailed view of the effective practical aspects of the course, enabling the students to understand the process of international import/export and management, costing, pricing, sourcing, distribution, market research, finance, foreign exchange, and documentation, etc.
The candidates who hold this demanding certificate get hired in the MNCs, export units, research, and educational institutes. The average salary of a foreign tradesperson may vary from INR 3 lakhs to 10 lakhs per annum.
Know More: PGDip Courses in India
PGDip in Foreign Trade: Course Highlights
| Course Name | PGP in Foreign Trade |
| Full form | Post Graduate Programme in Foreign Trade |
| Duration | 1/2 years |
| Exam type | Semester/college exam |
| Eligibility | Graduation |
| Admission Process | Entrance exam/Merit-based |
| Average Course Fee | INR 13,60,000 |
| Top Recruiters | TCS/IBM/BANKS/Deloitte/Financial Firms/TATA/govt/private etc |
| Job Profiles | Business Analyst/Risk Analyst/International marketing manager/CEO/Director/Manager/Research Analyst |
| Average Salary | INR 10,50,000 |
PGDip in Foreign Trade: Admission Process
Interested applicants can follow the given steps for admission.
- First register on the official website of the College/University and keep the mail ID, phone number, and password safe for future use.
- Login to the website with provided ID and password.
- Upload desired documents like ID proof, academic certificates, passport size photos, and digital signature etc.
- Provide proof of work experience.
- If you belong to reserved categories, attach the documents as the proof.
- Pay the application fee and submit your application.
PGDip in Foreign Trade: Eligibility Criteria
Candidates should fulfil the following criteria to be eligible for admission to PGPFT.
- The candidate must have completed 10+2 level.
- A Bachelor's Degree in any stream with minimum 50% marks(45% for reserved category students). The cutoff percentage can vary according to the college/university.
- A valid score of Management entrance exams like CAT/MAT/GMAT/XAT/CMAT etc.
- Some colleges also require work experience/business skills/good aptitude in Maths etc.
- The final result will be decided upon the candidates' performance in Group discussion/Personal Interview/Written Test etc with the entrance test score and academic performance.
PGDip in Foreign Trade: Entrance exams
Many business institutes offer admissions to postgraduate diplomas in Foreign Trade based on Entrance exams.These institutes accept any of the entrance exams mentioned below:
- CAT (Common Entrance Test) - Common Admission Test is an entrance examination to get admission in Management and MBA courses. The test is conducted by 1st generations of IIMs, working on a rotational basis. The CAT score is valid for one year.
- Management Aptitude Test (MAT)- MAT is an entrance test organized by AIMA(All India Management Association). The exam screens candidates for various MBA and Management programmes across the country. The MAT score is also valid in international business schools and is valid for a year.
- XAT- Xavier Aptitude Test is a computer-based entrance exam to get admission in PGDM and MBA programmes. The test is organized by XLRI, Jamshedpur, once a year at 72 cities across the country.
- GMAT- Graduate Management Admission Test is a computer-based test to get admission in B-Schools all around the world and is owned by GMAC(Graduate Management Admission Council). GMAT score is valid for 5 years. There are no official eligibility criteria to be eligible for the test.
- Common Management Admission Test (CMAT)- CMAT is conducted by NTA(National Testing Agency) every year. The exam facilitates admission in AICTE approved colleges/universities/institutions in management or MBA programmes. The exam is an online-based exam of 3 hours.
| Entrance Exam | Exam date |
|---|---|
| CAT | Check here |
| MAT | Check here |
| XAT | Check here |
| CMAT | Check here |
PGDip in Foreign Trade: How to prepare for the entrance exams
Candidates should keep the following points in mind:
- Try to know Everything- For a confident preparation start with knowing exam syllabus/ patterns/ important dates/ previous year questions/ previous year cutoffs etc and do thorough research on exam difficulty level/questions asked from every section/time-consuming questions vs easy questions etc.
- Start Early- It is advised to prepare for management entrance tests at least 6 months to keep enough time for Revision/mock tests.
- Study Materials- Collection of good study material not only helps in a quality study but also boosts confidence positively in preparation.
- A Clear Understanding of Fundamentals- As the exam mostly consists of complex problems, one needs to know the fundamentals.
- Find out Weakness/strengths- Know your weaknesses and strengths to prepare strategically. Focus more on weak sections without ignoring your strength sections.
- Practice: Quantitative aptitude/logical reasoning etc, needs the practice to remember certain tricks/rules to solve a problem. Language skills like comprehensive writing/essay writing etc also need the practise to master the skill of writing, fluently and correctly.
- Mock Test- Various websites are offering free mock tests or you can have a paid mock test series to level up your preparation.
- Analyse- By analyzing you can know the exact improvements/lackings of your preparation. Some websites also provide analysis reports on your preparation level when you take mock tests on their website. Make sure to avail the benefits.
- Coaching- You can go for coaching for all sections of the exam or only for your weak sections. It's a good option, as it gives easy time/source management techniques for effective preparation.
PGDip in Foreign Trade: Important Books
Given below are some books that can help candidates throughout the course duration and preparation:
| Books | Authors |
|---|---|
| International Trade Law | Peter Stone |
| International Economics, Trade and Finance | Dominick Salvatore |
| International Trade, Theory and Policy | Paul Krugman |
| International Economics | Bo Sodersten |
| Advanced International Trade: Theory and Evidence | Feenstra, R.C |
| World Trade and Payments; An introduction | Caves, Frankel and Jones |
| International Trade and Economic Development | Rajat Achharya and Saibal Kar |
| How Small Business Trades Worldwide: Your Guide to Starting or Expanding a Small Business International Trade Company Now | John Spiers |
PGDip Foreign Trade: What is it about?
PGPFT is a post-graduate level course of 1/2 years, for the students seeking a career in international trade and marketing.
- This course deals with studying international marketing/international business laws/foreign trade regulations/import/export/risk management/supply chain management etc.
- The course enables students to learn practical aspects of Foreign Trade and secure rewarding jobs in the fields of import/export management sectors, commodity boards, and management sectors etc.
PGDip in Foreign Trade: Why study this particular course?
A PGPFT course offers the following benefits and future scopes.
- High paying Jobs- After the course, there are many rewarding jobs in the line with INR 7,00,000 per year.
- High Demands- There is a high demand for management professionals to handle the business/trade/communications between global companies.
- Numerous job Opportunities- A degree in PGP in Foreign Trade has potential for job opportunities not only inside a country but also at global companies as well. One can easily get jobs in the fields of Govt sectors/private MNCs/import/export/management/directing/problem-solving etc. One can also start his own business.
- Travel Opportunity- The jobs after PGP in Foreign Trade course includes a lot of opportunities to travel. If you are someone who loves travelling and working in new places, this course is the one for you.
- Developing certain Qualities- One will be able to develop different qualities like good communication skills, leadership ability, Good problem-solving skills, ability to perform well in stressful situations, meeting deadlines etc. after the completion of the course.
PGDip Foreign Trade: How to get admission in good PGDip Foreign Trade college?
The following pointers can help with securing admission in a good college of your choice:
- Right Information- Having the right information about important dates regarding registration/last date of applying/College eligibility criteria/programme fee/admission criteria etc. are important.
- Registration/Application submission- Carefully upload right documents of ID proof/photos/academic certificates etc. Pay the fee.
- Interview and GD- After the shortlisting process is over you will be called for Personal Interview/Group Discussion. The candidate's attitude/depth of interest/alertness/communication skills/mental ability etc are checked.
- Final Result- Final selection will be decided on the merit list of candidates, considering all criteria of bachelor's degree percentage/entrance score/work experience/PI/GD etc.
- Facility for Reserved Category- There is 5% relaxation in academics records, programme fees relaxation, hostel fees and other facilities for sc/st/PWD students.
PGDip in Foreign Trade: Top Colleges with Fees
Here is the list of Institutes offering the PGDFT courses.
| College/University name | Average Annual Fee |
|---|---|
| Indian Institute of Foreign Trade, New Delhi | INR 8,85,000 (50% relaxation for sc/st students) |
| Jagdish Seth School of Management(JSSOM), Bangalore, Karnataka | INR 12,00,000 |
| Institute of Management Studies, BHU, Varanasi, UP | INR 45,760 |
| Symbiosis Institute of International Business(SIIB), Pune | INR 15,76,800 |
| FORE(Foundation for Organisational Research and Education) school of Management, New Delhi | INR 15,98,000 |
| Birla Institute of Management and Technology(BIMTECH), Greater Noida | INR 12,00,000 |
| Loyola Institute of Business Administration, LIBA, Chennai | INR 95,000 |
| KJ Somaiya Institute of Management, Somaiya Vidyavihar University, Mumbai | INR 7,81,785 |
| ISBR(International School of Business and Research) Business school, Bangalore, Karnataka | INR 9,00,000 |
| Welingkar Institute of Management Development, Matunga, Mumbai | INR 81,00,000 |
| Pondicherry University, Pondicherry | INR 74,718 |
PGDip in Foreign Trade: College comparison
The table carries the data of comparison between two top colleges offering the PGPFT..
| College Name | Institute of Management Studies, BHU, Varanasi, UP | Loyola Institute of Business Administration, Chennai |
|---|---|---|
| Overview | A top management Institute/Established in 1968 under the management faculty of BHU. The college offers MBA/PG courses only. | Established in 1979; a top B-school; have many international collaborations with foreign universities/Offers MBA/PGDM/UG/Diploma courses/approved by AICTE |
| College Type | Govt | Private |
| NIRF Ranking | 39(2019)MBA category | 50(2020) MBA category |
| Average Fee | INR 45,760 | INR 95,050 |
| Average Salary | 8,73,000 | INR 9,00,000 |
| Top Recruiters | SBI/Bio Era/American Express/Bajaj Allianz/Hinduja/Coal India | Aspire/TCS/Deloitte/CBRE/CISIL ltd/Cerebrus Consultants Pvt Ltd |
| Research Facility | PG in Management | PG/PhD |
PGDip in Foreign Trade: Distance Education
With the increasing popularity of digital learning, distance education in PGP in Foreign Trade courses is being offered by many institutions.
- The distance education mode enables one to learn at a suitable time while staying at home.
- Usually the course materials, audio/visual study materials are sent to your doorstep adding further features of distance education.
- The course helps in time and resource management and other practical aspects.
The following table carries the data of Colleges/Institutions offering Distance Education in PGP in Foreign Trade.
| College Name | Course fee | Duration |
|---|---|---|
| NMIMS Global Access School for Continuing Education, Mumbai | INR 86,000 | 2 year |
| Welingkar Institute of Management Development, Matunga, Mumbai | INR 81,000 | 1 year |
| Indian School of Business Management and Administration, New Delhi | INR 14,900 | 1 year |
| Pondicherry University, Pondicherry | INR 24,925 | 2 year |
Know more: PGDip Foreign Trade Distance Education
What is the PGDip in Foreign Trade Syllabus?
A detailed breakdown of the course curriculum is given below.
| Managerial Economics | Export and Import Procedure |
| Foreign Language Part I | Marketing: Principles and Management |
| International Logistics | India's Export-Import Trade |
| International Marketing | Foreign Exchange Management |
| Quantitative methods | Commercial Geography |
| International Financial Management | Project report and presentation |
| International Economics (Theory and Practical) | Foreign Language Part II |
PGDip in Foreign Trade: Course Comparison
Postgraduate diplomas in foreign trade and PG Diploma in Export and Import Documentation are more equivalent in terms of area, applicability, and fees. Given below is a comparison between the two.
| Course name | PGP in Foreign Trade (PGPFT) | PG Diploma in Export and Import Documentation (PGDEID) |
|---|---|---|
| Duration | 1 or 2 year | 1 or 2 year |
| Focus area | International Trade | International Business/Management |
| Admission Criteria | Entrance exam/merit list/PI/GD | Entrance/Academic performance/work experience/reference |
| Eligibility | Graduation | UG/PG/Diploma |
| Course fee | INR 13,60,000 | INR 7,00,000 |
| Job Options | Business Head/Marketing consultant/HR manager/CEO/policy analyst/Risk analyst etc | Corporate Marketing/Sales Manager/Import/export business/Policymaker etc |
| Employment areas | Bank/financial firms/travel and tourism/govt/private fields/international marketing | Banks/Marketing fields/financial area/Communication & multimedia fields |
| Average Salary | INR 10,50,000 | INR 10,00,000 |
Read more: Top Colleges offering PG Diploma in Export and Import Documentation
PGDip in Foreign Trade: Job Profiles
Banks, financial institutions, trade companies, manufacturing companies, research institutes, etc that commonly deal with businesses outside their own country, hire Professionals of foreign trade.
Government and private sectors also provide careers in the fields of Travel and tourism, international policymaking, dealing with foreign marketing etc.
A few of the job profiles are discussed below
| Job Profile | Job Description | Average Salary |
|---|---|---|
| Business Head | Someone who runs a business | INR 9,04,000 |
| Global Project Manager | Who manages and communicates with global teams | INR 8,90,339 |
| Policy Analyst | Who research and analyse Policy | INR 11,43,737 |
| Import/Export Manager | Someone who manages import/export process | INR 4,79,052 |
| Risk Analyst | Who identifies, assesses and monitors the risk factors involved in decision makings | INR 6,33,903 |
PGDip in Foreign Trade: Future Prospects
The PGP in Foreign Trade has international interests. The curriculum of the course let the students deal with practical aspects of foreign trade.
- After the completion of PGP in Foreign, Trade one can pursue higher studies or go for a job.
- Many institutions provide PhD in Foreign Trade for advanced research on various aspects of foreign trade/international market.
- PhD in Foreign Trade focuses on doing a thorough study/research on the historical aspects/inventing methodologies/creating journals or books etc.
Read more: Master of Foreign Trade
PGDip in Foreign Trade: FAQs
Ques. What is PGP in Foreign Trade?
Ques. What is the importance of PGP in Foreign Trade course?
Ques. What are the Top colleges offering PGP in Foreign Trade courses?
- Institute of Management Studies, BHU, Varanasi, UP
- Symbiosis Institute of International Business(SIIB), Pune
- FORE(Foundation for Organisational Research and Education) school of Management, New Delhi
- Loyola Institute of Business Administration, LIBA, Chennai
- Birla Institute of Management and Technology(BIMTECH), Greater Noida
Ques. What are the eligibility criteria for PGP in Foreign Trade?
Ques. What's the admission criteria to get admission in PGP in Foreign Trade course?
Ques. What are the entrance exams for PGP in Foreign Trade?
Ques. What are the career opportunities in PGP in Foreign Trade?