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 import and export domain.
Read more: Foreign Trade Courses in India
The course deals with the trade of goods and services between countries. Here students learn about the exchange of goods, capital and services across the world. In India, it is also known as import and export domain.
Read more: Top Foreign Trade Colleges in India
Students who have qualified their 10+2 examination from recognized board (CBSE, ICSE or state board) in any stream with at least 50%marks in the aggregate are eligible to apply to get admission in Master of Foreign Trade. Most of the universities or colleges in India allow admission on merit-based that means the marks obtained in the qualifying examination.
Table of Content
- Master of Foreign Trade: Course Highlights
- Why Study?
- Master of Foreign Trade: Course Advantages
- Master of Foreign Trade: Admission Process
4.2 Entrance Exams
8.1 Future scope
Master of Foreign Trade: Course Highlights
The course highlight is a key which tells a whole course in a short summarize table.
| Course type | Postgraduate |
| Duration | 2 years |
| Examination Type | Year-wise |
| Eligibility | Bachelor’s degree with minimum 50% Marks from a recognized college |
| Admission process | Entrance exam |
| Course Fee | INR 10,000 – INR 20 lakhs |
| Average Salary (per month) | INR 3 lakhs – INR 12 lakhs |
| Top Recruiting companies | ICICI Pru, Cashpor Microfinance, TCS, HSBC Bank, Tata steel, HT Media Limited, Wipro, Bharti Airtel, HCL technologies, Optima Insurance, Bajaj Alliance, etc. |
| Job Position | Teachers, professors, a supply chain manager, foreign trade manager, export manager, market research executive, foreign trade analyst, business development manager, relationship manager, global trade manager, etc. |
Why study Master of Foreign Trade?
Masters in Engineering degree in Foreign Trade stream is a work of new implementations MFT or Master of foreign trade is a 2-year post-graduation course in foreign trade management or international trade. The course deals with the trade of goods and services between countries. Students will learn about the exchange of goods, capital and services across the world. In India, it is also known as import and export domain..
The average fees estimated to be around INR 50,000- 2 Lacs for the duration of 2 years. Foreign Trade is a highly paid stream as well for the graduates. Candidates after completing this job get placed in top software companies at different scales.
Master of Foreign Trade: Course Advantages
ME degree in Foreign Trade lends a good amount of job opportunities after the course. Candidates according to their skills and interest are placed in Top MNCs at good packages. A wide variety of job opportunities are opened for the students after completing this course.
The top recruiters are ICICI Pru, Cashpor Microfinance, TCS, HSBC Bank, Tata steel, HT Media Limited, Wipro, Bharti Airtel, HCL technologies, Optima Insurance, Bajaj Alliance, etc.
Master of Foreign Trade: Admission Process
Direct Admission
- Students have to fill the form online with the registration fees through the website of respective colleges and universities before the last date.
- Cutoff list releases by colleges so that students can get admission according to it.
- Students must visit colleges for verification of necessary documents.
- Some documents are necessary during verification i.e., mark sheets, certificates, photographs, etc.
Entrance Exam Based Admission
Admissions in Bachelor of Arts courses are also done through both merit and entrance exams.
- CAT, MA XAT, CMAT, and GMAT and more are conducted for admission in the Master in Foreign Trade programs of top colleges in India.
- Candidates need to have completed their bachelors in a Foreign Trade subject along with 50% marked to be eligible for Master in Foreign Trade courses.
- Certain colleges give admission on merit basis also, after considering the CGPA or Percentage obtained in graduation.
Master of Foreign Trade: Eligibility Criteria
- The eligibility criterion for the course is students have to clear Bachelor’s degree or equivalent with minimum 50% marks from a recognized board.
- 5% moderation for the reserved category students.
- No receptacle will be accepted. Students must have to clear a bachelor’s degree.
- Students should have a degree in BFT from a recognized university
- Some colleges and universities have a different criterion for the course.
What are the top Master of Foreign Trade Entrance Exams?
Entrance exam conducted by colleges or universities are:
| Entrance exam | Full form | Conducted by | Application form | Exam date |
|---|---|---|---|---|
| CAT | Common admission test | IIMs | August 3, 2023 – Third week of September 2023 | November 26, 2023 |
| XAT | Xavier Aptitude test | XLRI Jamshedpur | August 10, 2022 – December 12, 2022 | January 8, 2023 |
| MAT | Management aptitude test | AIMA |
February PBT Mode – February 14, 2023 February CBT 1 – February 21, 2023 February CBT 2 – February 27, 2023 |
February PBT Mode – February 19, 2023 February CBT 1 – February 26, 2023 February CBT 2 – March 4, 2023 |
| CMAT | Common Management Admission Test | NTA | Last week of January 2023 – Last week of February 2023 | Last week of March 2023 |
Master of Foreign Trade: Entrance Exam Preparation Tips
- Divide your schedule: Studying without a deadline isn’t something that candidates can afford, therefore they must assign their days to certain topics and finish them within the deadline.
- Keep your resources limited: It is a must for candidates to remain focused and having too many resources will only alleviate the stress. Therefore, they must research well and shortlist some resources for the study plan and stick to it. Remember, Candidates can’t cover everything from everywhere, therefore keep it simple and accurate.
- Revision is the Key: Candidates should not keep revision for the last minute. They should keep revision sessions for regular intervals. They should make some crisp notes for the last minute reading and avoid unnecessary panic before the exam.
Master of Foreign Trade: Top Colleges
The top colleges of Master of foreign trade are:
| College name | City | Admission process | Average annual fees |
|---|---|---|---|
| Fore School of management | New Delhi | Entrance exam | INR 12.50 lakhs |
| Birla Institute of Management Technology | Greater Noida | Entrance exam | INR 4.25 lakhs |
| Indian Institute of Foreign Trade | New Delhi | Entrance exam | INR 7.6 lakhs |
| Symbiosis Institute of Management | Pune | Entrance exam | INR 4.7 lakhs |
| Loyola Institute of Business administration | Chennai | Entrance exam | INR 3.08 lakhs |
The average fee of the colleges and universities is INR 10,000 to INR 20 lakhs. It depends on the criteria and course offered by college and universities. Sometimes, it depends on the geographical location.
The job profiles are Teachers, professors, supply chain manager, foreign trade manager, export manager, market research executive, foreign trade analyst, business development manager, relationship manager, global trade manager, etc.
The average annual salaries for fresher are INR 3 lakhs to INR 12 lakhs. It depends on the candidate experience and skills.
The top recruiters are ICICI Pru, Cashpor Microfinance, TCS, HSBC Bank, Tata steel, HT Media Limited, Wipro, Bharti Airtel, HCL technologies, Optima Insurance, Bajaj Alliance, etc.
Master of Foreign Trade: Tips to get Best College
To get admission into a good college one needs to ensure to have scored more than 90% at the Intermediate level. Apart from this, most of the institutes provide admission to the course on the basis of entrance examinations, hence preparing well for the entrance exams is a must for an aspirant to get the best college.
Note: Before shortlisting and selecting colleges finally, they must ensure to check the placement rate of the college, method of course delivery, admission system, and the financial aid offered there.
Master of Foreign Trade: Syllabus
Syllabus of consists of 4 semesters. Each year consist of 2 semesters. Here, the given syllabus is semester wise. Syllabus means subjects we study in a course.
| Semester 1 | Semester 2 |
|---|---|
| Accounting for managers | Financial management |
| World trade organizations | Quantitative techniques for foreign trade |
| Management concept and organizational behaviour | India’s FT Trends prospects & strategies |
| Managerial economics | Export-import management |
| Global business environment | International economics and trade theories |
| Export-import policy, procedure and documentation | Rural markets and marketing management |
| Foreign language I | Global business commutation & public relation |
| Financial & managerial accounting | Computer application in foreign trade |
| Semester 3 | Semester 4 |
| Insurance and Risk Management in Foreign Trade | Export finance |
| International marketing management and consumer behaviour | Import finance |
| Foreign exchange and exchange control | Global marketing logistics and supply chain management |
| Multinational financial management | Foreign exchange and exchange control |
| International business laws | Export Pricing and product planning |
| International human resources management & organizational behaviour | Global business communication and public relations |
| Statistical analysis & Research methodology | Export incentives and institutional support |
Master of Foreign Trade: Recommended Books
You should read these books as these books are of the best authors. These books will help you in gaining knowledge:
| S. No. | Books | Authors |
|---|---|---|
| 1. | Understanding global trade | Elhanan Helpman |
| 2. | Global trade policy | Pamela J. Smith |
| 3. | The world that trade created | Kenneth Pomeranz |
| 4. | International trade and port logistics | I.C.J. Verhaart |
Master of Foreign Trade: Course Comparison
Here is the comparison between Master of Foreign Trade and MBA (foreign trade).
| Parameters | Master of Foreign Trade | MBA (foreign trade) |
|---|---|---|
| Brief explanation | MFT or Master of foreign trade is a 2-year post-graduation course in foreign trade management or international trade. The course deals with the trade of goods and services between countries. Students will learn about the exchange of goods, capital and services across the world. In India, it is also known as import and export domain. | MBA in foreign trade or Master of business administration 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, intricacies of international business. It is an amalgamation of trades, sales, marketing, and management. |
| Duration | 2 years | 2 years |
| Eligibility | Bachelor’s degree with minimum 50% Marks from a recognized college | Bachelor’s degree with minimum 50% aggregate marks from a recognized institute |
| Admission process | Entrance exam (CAT, MAT, XAT, CMAT, GMAT) | Entrance exam followed by counselling |
| Top colleges | Fore School of management, Indian Institute of Foreign Trade, Fortune Institute of International business, Birla Institute of Management Technology, etc. | Chandigarh University, Lovely Professional University, Birla Institute of Management Technology, ICFAI Business School, Etc. |
| Job roles | Teachers, professors, dental assistant, medical consultant, oral pathologist or dental surgeon, research scientist, dental hygienist, lecturer, general practitioner, etc. | Export marketing manager, market research executive, foreign trade zone analyst, foreign trade representatives, head of international sales and marketing, global trade manager, etc. |
| Average fees | INR 10,000 – INR 20 lakhs | INR 1 lakhs – INR 14 lakhs |
| Average salary | INR 3 lakhs – INR 12 lakhs per annum | INR 9.5 lakhs – INR 13 lakhs per annum |
| Top recruiting organization | ICICI Pru, Cashpor Microfinance, TCS, HSBC Bank, Tata steel, HT Media Limited, Wipro, Bharti Airtel, HCL technologies, Optima Insurance, Bajaj Alliance, etc. | Wallmart, Morgan Stanley, Standard Charted Bank, Prada, Goldman Sachs, Citigroup, etc. |
Master of Foreign Trade: Job Prospects
Candidate can work as teachers, professors, supply chain manager, foreign trade manager, export manager, market research executive, foreign trade analyst, business development manager, relationship manager, global trade manager, etc.
| Job roles | Average annual salary |
|---|---|
| Export manager | INR 10.56 lakhs |
| Relationship manager | INR 5.25 lakhs |
| Global trade manager | INR 15 lakhs |
| Supply chain manager | INR 8.35 lakhs |
| Foreign trade manager | INR 6.15 lakhs |
Master of Foreign Trade: Future scope
After completing the bachelor of arts (Foreign Trade) course graduates can continue doing their further study and go for a master’s program in (Foreign Trade). It will enhance their language skills and provide more knowledge. Graduates can work in the government sector as well as the private sector.
PhD: If student want to continue in the same field of education, the second program of choice is a PhD Foreign Trade. It is a three to five year duration course and the eligibility criteria include having a MA Degree in related disciplines.
See Also: Top PhD Colleges in India
Master of Foreign Trade: FAQs
Ques. What is the Master of Foreign Trade?
Ques. What is the difference between the Master of Foreign Trade and Master of Business administration in international business?
Ques. Is International Trader a good major?
Ques. What will be the salary after International Trader?
Ques. Which is better Master of Foreign Trade or Master of Business administration in international business?
Ques. What will be the recruiting areas in Master of Foreign Trade?
Ques. How to apply for admission in Master of Foreign Trade?
Ques. What are the minimum and maximum fee in public colleges of Master of Foreign Trade?
Ques. What are the minimum and maximum fee in private colleges of Master of Foreign Trade?
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