MBA in International Trade Management is an advanced degree in business administration that enables students to learn how to incorporate operations of companies located in different countries and geographies and study them. Other than the standard training in Business Administration, students get an insight of training in other subjects such as purchasing, logistics, international advertising, globalization and sustainability.
The tricks of outsourcing, importing materials and exporting finished goods are also taught as a part of this course. It develops a person’s communication and managerial abilities. Students learn the complexities of foreign trade and business through the duration of the course. A globally reputed course, MBA in International Trade Management help build learned people of the International Market who help enable Global Business. It is also sometimes combined with MBA in International Trade and logistics and an MBA in International trade logistics and procurement.
Why Choose MBA in International Trade Management
- Owing to rapid, fast-paced globalisation, the partnership between companies of different countries has become quite a common sight. Billion-dollar deals take place between countries each day and the concept of ‘Global Companies’ is on a rise.
- To facilitate business on such large scales, companies are on the lookout for professionals who have a deep knowledge of foreign trade rules of various countries as well as have an interest in the global market. This is where the need for professionals in International Trade arises. Once a student completes his MBA in International Trade Management, he is eligible for a variety of jobs.
- It allows you to master global issues through specialised courses and syllabus dealing with them in-depth. It also allows you to find jobs in global businesses and multinational companies.
- International trade is a vast network with numerous technicalities and specialisations to offer. Both government and private sector are on the lookout for professionals. And it is a very promising market.
- Since you are dealing with the International Market first hand, it will also provide you with various opportunities to travel around the world and work with people from other countries.
- The MBA in International Trade Scope is maximising each day owing to the large industry and the small number of professionals. The industry is very lucrative with an uprising demand for professionals.
Requirements To Pursue MBA in International Trade Management
- Each university has a different admission criterion to its MBA Programme. But a basic requirement called for by all universities is-
- To be eligible for admission a candidate should have a graduation degree of a minimum of 3 years.
- Other than that, most universities ask for your GRE and GMAT score.
- English Language Test i.e., IELTS or TOEFL is also a mandate.
- Some colleges specify the courses whereas there is no restriction in others.
Big companies which employ students who have pursued MBA in International trade are:
- Standard Charted Bank
- Goldman Sachs
- Morgan Stanley
- Johnson and Johnson
- Wells Fargo
These are just a few names. These companies offer high-earning packages to their employees.
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MBA in International Trade from Abroad
Here is a list of top universities which offer MBA in International Trade Management or like courses.
|S.No||Name of Course||University|
|1.||MBA In International Business||University of Alberta (UofA), Edmonton, Canada|
|2.||MBA In International Business
|University of Greenwich, London, UK|
|3.||International Master of Business Administration||York University, Toronto, Canada|
|4.||MBA International Business||The University of Birmingham, Birmingham, UK|
|5.||MBA/MA in Global Affairs||Yale University, USA|
|6.||International MBA||Paris School of Business, France|
|7.||International MBA||Buckinghamshire New University, Wycombe, UK|
|8.||MBA in International Trade||INSEAD Business School, Madrid, Spain|
|9.||MBA Foreign Trade||Belo Horizonte Institute of Higher Education (Instituto Belo Horizonte de Ensino Superior (IBHES)), Brazil|
|10.||Global Business MBA||Coventry University, Coventry, UK|
|11.||Ted Rogers MBA||Ryerson University, Toronto, Canada|
|12.||MBA in Strategy and International Business||Pace University, New York, USA|
|13.||Global Executive MBA (GEMBA)||INSEAD – France, Paris, France|
MBA International Trade Distance Learning
Various eminent universities offer the MBA International Trade distance learning format as well. Some of them are:
- London School of Business & Finance: London School of Business and Finance, in partnership with the International Telematic University UNINETTUNO, is offering students across the globe a chance to be a part of its prestigious MBA course. The degree being offered is Global MBA (International Business).
- NMIMS Global School for Continuing Education: NMIMS offers a two-year-long MBA International Trade distance learning programme.
- Texas A&M International University: TAMIU offers MBA International trade logistics and procurement in an online manner. It helps gain in-depth knowledge about operations involving overseas import and exports as well as experience in the logistics strategies that drive company growth.
Owing to the pandemic situation, most universities are currently functioning in an online mode and most offer distance courses as well.
MBA in International Trade: Programme Features
- The exhaustive course will cover topics of relevance such as trading policies, exchange of capital, producing and sourcing goods and services from across the globe.
- You will earn how to analyse world trade, exchange of capital, trade promotion, policies and strategies at the regional, national and global level.
- You will earn the necessary skills to assess trade issues, source and produce goods, understand draft policy documents for the international market and also develop trade management processes through several MBA Projects in International Trade.
- You will earn about the factors which affect global trading.
- Identify insights into cross-border trading and taxes.
The syllabus for the course varies from institution to institution and the country you chose to study in. It will also vary based on the subjects that you wish to study, the major subjects and the minor ones. There will be numerous MBA Projects in International Trade as well. Here is a list of subjects that you might come across if you pursue an MBA in International Trade
|S.No.||Semester 1||Semester 2||Semester 3||Semester 4|
|1.||Management Theory and Practice||Business Communication||Operations and Supply Chain Strategies||International Management|
|2.||Organisational Behaviour||Essentials of HRM||Export-Import Procedures and Documentation||International Finance|
|3.||Marketing Management||Business Law||International Business||International Logistics and Supply Chain Management|
|4.||Business Economics||Strategic Management||India’s Foreign Trade||Business: Ethics, Governance and Risks|
|5.||Financial Accounting and Analysis||Operations Management||Customs, Shipping and Insurance||Research Methodology|
|6.||Information System for Managers||Decision Science||Project Management||Project|
Other subjects include Concepts in Finance and Economics, Concepts in Accounting and Information Systems, Strategic Management, Financial Management, Import Operations and Practice, Export Operations and Practice and International Logistics. There will be several MBA Projects in International Trade as well.
Outcomes of Pursuing MBA in International Trade Logistics /Management
- It will teach you to manage international markets and business.
- It will enable you to build effective trade management processes.
- It will help you demonstrate a global mindset.
- It will also help you identify various business management strategies and practices.
- It will help you in analysing and processing international mega-trends, policies, and strategies.
- You will be able to manage and take decisions for International Businesses.
- You will be able to evaluate existing International Market Plans.
- Help conceive new plans.
- Become a part of the global workforce.
- Understanding the issues which come up in the cross-cultural workspace.
- Addressing such issues.
- Enable you to access risks involved with foreign policy, new global business, foreign exchange, political and legal environment
MBA in International Trade Scope
After successful completion of the course, students can find jobs in different organisations and for different roles. Some of which are mentioned here:
- Foreign Trade Zone Analyst – They assist in the analysis of imports and audits and help to review if a place is fit to be called a Foreign Trade Zone. Managing the daily operations of FTZs.
2) Foreign Trade Representative- Responsible for improving foreign trade in a particular zone.
3) Global Trade Manager– Help in managing the global trade of the company that they are employed in
4) Market Research Executive- They research to find out new ways to tackle the problems faced in the export-import market in order to promote smoother trade.
5) Export Manager- They are responsible for the transfer of goods between countries. They also take care of the logistics that are involved in trading.
- Business Analyst- International Trade – They study the internal and external market data to build strategic plans for foreign companies.
- Manager- International Trade – Take care of the company’s global operations and take care of their international businesses
- Business Development Manager – Their job is to identify new business opportunities and building long-term relationships with possible clients.
- Policy Analyst- They are responsible for reviewing and developing international policies, standards and developments overseas.
- Freight Auditor– They audit, adjust and take care of freight bills for foreign companies.
The options are in no way limited to these; this is just a guide to some options that the students have. Once you get into the world of International Trade, things will fall into place on their own.
The Course of Action if you wish to pursue an MBA from:
The USA is home to a number of the most sought-after Business Schools in the World. It is considered one of the top countries to pursue an MBA from.
- Complete a 3-year bachelor’s degree course or its international equivalent.
- Make a list of universities that you wish to apply to.
- Fill out the application forms and keep a copy for yourself.
- Take the GMAT exam well in advance.
- Take the IELTS/Toefl Exam for the English Language.
- Have work experience of 2-3 years.
- Apply for a US Student-Visa.
The UK is the world leader in terms of quality education. It stands 2nd in the rank of best education services across the globe. Unlike most countries, UK offers 1 year-long MBA course.
- Complete your bachelor’s degree.
- Apply to the Universities of your choice.
- A score above 600 in GMAT and GRE.
- Work on your MBA essay.
- Letters of recommendation from previous institutions are also required.
- Work experience.
- Apply for a student visa.
Canada is also a very sought-after country owing to its lifestyle and culture.
- Complete your bachelor’s degree.
- Maintain a good score in GMAT/GRE.
- Work experience.
- Maintain a good Portfolio.
- Apply for a student visa.
- Look for accommodation.
GMAT and GRE
Most business schools across the globe accept two standard tests for admission.
- GRE: Graduate Record Examinations General Test
- GMAT: Graduate Management Admission Test
GMAT is used specifically for admissions to Business Schools and MBA courses whereas GRE is used for admission into a series of graduate courses.
Tips to Score above 600 in GMAT
GMAT is a priority exam for those who are planning to pursue an MBA in International Trade and logistics or management or logistics and procurement from abroad universities. It is specifically meant for students who want to do an MBA and is valid across most countries around the globe like- USA, UK, Canada, France etc. Most business schools mention the requirement of the GMAT exam in their eligibility criteria itself. The top Business Schools require a GMAT score of above 600 marks. Here are some tips to help you score better on your GMAT exam.
- Since GMAT is a ‘Computer Adaptive’ test, be sure to familiarise yourself with the way it functions.
- Avoid skipping questions
- Rule out wrong answers if you’re confused about the correct question
- Practice hard
- Read the questions properly before answering them
- Maintain a steady pace while answering the questions
- Work on your mental math skills
MBA in International Trade Management is a prestigious degree and opens the door for a variety of different opportunities for students, both nationally and internationally. As mentioned earlier, once you complete your course, you will find recruiters looking out for you in both the public and private sectors. Since most students go out to pursue MBA, you need to have an edge over them by polishing your skills through the duration of the course.
Hope this guide will be helpful.