International Business/Foreign Trade
Tuesday, April 23, 2024
Education & Career
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International Business/Foreign Trade : Eligibility

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Degrees in international business are available at the Bachelor, Master's and doctoral level. Generally for undergraduate courses, the eligibility is 10+2 with 50% marks, and for Masters in International Business and foreign trade, the aspirant must be at least a graduate preferably in commerce. Diploma programs are also available in international business.

Most careers in international business require a master's degree at minimum, and employers increasingly prefer candidates with a doctoral degree and a specialization in international business or Foreign trade. With more and more companies stretching their business outside their home country, a degree in international business is very crucial and opens doors to many lucrative career opportunities. 

Admission to the masters programs are held on the basis of a written test, group discussion and personal interview. Separate tests are conducted by different institutes like CAT by IIMs, MAT by All India Management Association, XAT by Xavier Institutes etc. Besides, there are executive MBA (IB) programmes offered by some institutes which require a minimum level of experience.

The content of the course includes subjects like import/export management, international trade and logistics, international marketing, foreign exchange management, international finance etc.

Personal attributes:

Excellent communication skills, a keen aptitude for business, knowledge of foreign languages, persuasive ability and confidence are some of the attributes required to be successful in this field. Apart from the above to excel in international business knowledge of economies of different countries, understanding the modern trend in business, leadership and managing skills are required. International business professionals need proficiency in organizing, planning, co-ordination and directing activities.

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