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MFT Course, Admission, Top Colleges, Syllabus, Jobs and Salary 2024

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Waqar Niyazi

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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.

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.

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. Check: MFT Full Form

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 Exam date
CAT Check CAT Exam Dates
XAT Check XAT Exam Dates
MAT

Check MAT Exam Dates
CMAT Check CMAT Exam Dates

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: 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: Top Colleges

The top colleges of Master of foreign trade are:

College name City Average annual fees
Fore School of management New Delhi INR 12.50 lakhs
Birla Institute of Management Technology Greater Noida INR 4.25 lakhs
Indian Institute of Foreign Trade New Delhi INR 7.6 lakhs
Symbiosis Institute of Management Pune INR 4.7 lakhs
Loyola Institute of Business administration Chennai 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: 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.
Course Comparison

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
Salary vs Job

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.

Master of Foreign Trade: FAQs 

Ques. 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 import and export domain. The eligibility criterion of Master of foreign trade is to qualify a Bachelor in foreign trade from a recognized institute with minimum 50% aggregate marks.

Ques. What is the difference between the Master of Foreign Trade and Master of Business administration in international business?

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

Ques. Is International Trader a good major?

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

Ques. What will be the salary after International Trader?

Ans. The salary after International Trader will be INR 7.20 lakhs per annum and the person having experience of 20-30 years will get INR 1,700,000 per annum.

Ques. Which is better Master of Foreign Trade or Master of Business administration in international business?

Ans. Both degrees are better as Master of Foreign Trade has to trade of goods and services between foreign countries and Master of Business administration in international business who deals with the developing workforce who has complete information of international business scenarios.

Ques. What will be the recruiting areas in Master of Foreign Trade?

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

Ques. How to apply for admission in Master of Foreign Trade?

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

Ques. What are the minimum and maximum fee in public colleges of Master of Foreign Trade?

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

Ques. What are the minimum and maximum fee 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 lakhs respectively

Master of Foreign Trade [MFT] : 6 answered questions

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Ques. Is it worth to do MBA in international business from SIIB Pune?

● Top Answer By Ravi Shankar Singh on 16 Feb 23

Ans. Pursuing an MBA in International Business from SIIB Pune is a worthwhile investment. The institution is considered the second best option after IIFT, New Delhi, and offers a high-quality education with a diverse peer group coming from various backgrounds and parts of the country. International Business courses are particularly valuable as they prepare students for the global nature of business today. With the increasing interconnectivity of the business world, all corporations require a global presence. Therefore, it is recommended to consider SIIB Pune as an institution for MBA in International Business.Read more
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Ques. Which stream should my sister opt for in BIMTECH Noida for MBA, international business or insurance?

● Top Answer By Tithi Aggrawal on 10 May 23

Ans. First, you should ask your sister which subject, foreign business or insurance management, she is more interested in. It is hard to learn about a subject if you do not have an interest in it, no program can help her get the most learnings out of it. So, help your sister to figure out what area she is interested in. Like if she wants to do business in a foreign, she should do foreign business. Help her learn about insurance if she wants to build her job around it. To be honest, both programs have a lot to offer. BIMTECH, Greater Noida is one of the best places to go to college. For a general idea, we can say that PGDM in Foreign Business (PGDM-IB) will teach her how to deal with foreign issues and do business across all borders. She will learn more than just new ways to do business. When she gets her PGDM in Insurance Business Management (PGDM-IBM), she will learn how to manage finances, be able to plan and control the financial resources of any business and take on more responsibilities like these.Read more
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Ques. Which one should I choose from KJ Somaiya- FS, Fore IB and PGDM in GLIM, Gurgaon?

● Top Answer By Suprakash Mitra on 04 Sept 20

Ans. Between KJ Somaiya- FS, FORE IB, and PGDM in GLIM, Gurgaon which one you should choose depends on your perspective and expectation from the MBA degree. Given below is a brief discussion on the programs maintained in the question. KJ Somaiya: KJ Somaiya is considered one of the best MBA institutions. Situated in the finance capital of the country, Mumbai, KJ Somaiya offers excellent placements in the Finance domain. Admission: Students are shortlisted for admission into the MBA in Financial Services program based on their CAT, XAT, CMAT, or GMAT score and the final selection is based on their performance in Group Discussion and Personal Interview. The total course fee is 14.93 lakhs. Placements: According to the placement statistics of 2020 , around97% of students have secured job opportunities. The highest and average salary packages of the institute are 28.50 LPA and 10.08 LPA respectively. The recruiting companies are - Johnson & Johnson, AT&T, Intel, Microsoft, Godrej, etc. Banking & Insurance (31%) and Finance Services (16%) are the top sectors in which students get employed. FORE School of Management - PGDM IB (International Business Management) is a 2 year full time course which aims at preparing students to take up careers in corporate houses and family businesses engaged in International Business Operations. It provides management education in the context of the global business environment. Admission: The prerequisite to take admission to the PGDM IM program is at least 50% in graduation and valid CAT/XAT/GMAT score. The total course fee is 15.9 lakhs. Placements: Major recruiters at the 2019 placement were Asian Paints, HUL, ITC, Nivea, Philips Lighting, Deloitte, Vivo, HSBC, Schneider electric, etc. The BFSI (Banking, Financial Services, and Insurance) sector made the highest offers with a total of 38% offers. The average salary package offered was around 10.8 LPA. Great Lakes Institute of Management, Gurgaon - It is one of the top 5 emerging MBA colleges in Delhi NCR. Admission: For taking admissiona candidate should have a minimum of 50% in their graduation and a valid CAT, GMAT, XAT or CMAT. Placements: The PGDM batch has a 100% placement record. The leading recruiters are Aditya Birla, Axis Bank, Deloitte, Federal Bank, Gartner, Hexaware, ICICI bank, KPMG, NIIT Technologies, SecureNow, etc. The highest and average salary package offered at the institute is respectively 13.6 LPA and 9.15 LPA. BFSI was the top sector with a 41 % placement rate.Read more
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Ques. Which is better for an MBA in international business, Delhi School of Economics or IIFT?

● Top Answer By Jayant Thakur on 27 Feb 23

Ans. It's important to research the institution's alum base, the profiles offered during placement, the corporate competitions won by the business school, and the brands that frequently visit for recruitment when you are considering a suitable college for an MBA in international business.  In terms of IIFT, it is considered a niche college for international business. However, it's important to keep in mind that the competition for admission is very tough compared to the Delhi School of Economics. It's important to keep in mind that DSE and IIFT are not in the same league. It's important for you to conduct your research and weigh your options before making a decision.Read more
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Ques. What is the scope of MBA in International Business from BIMTECH?

● Top Answer By Meghamollar Roychowdhury on 28 Apr 23

Ans. BIMTECH MBA in International Business is Accredited by AIU, NBA, A+ NAAC, BSIS from EFMD. The course is good and the program includes learnings via case studies, simulations assignments, presentations, and live projects.  By pursuing this program you can train yourself in the areas of marketing, finance, and operations altogether. Meanwhile, the students are also provided with industry experience by providing them the opportunities to go on field trips to seaports and airports. You can learn subjects like foreign trades and foreign languages.Read more
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Ques. Which is better, an MBA in marketing in IEM Kolkata or PGPM-IB from Globsyn Business School, Kolkata when it comes to placements?

● Top Answer By Sneha Kar on 31 Jul 24

Ans. Globsyn Business School offers the following programmes: AICTE-Approved PGDM  AICTE -Approved PGDM- Business Analytics programmes MBA (Global) programme in collaboration with the Malaysia University of Science and Technology (MUST) Determining whether an MBA in Marketing from IEM Kolkata or an MBA/PGDM from Globsyn Business School, Kolkata is better for placements depends on various factors. Both are institutes of excellent repute. Here are some considerations to help you decide: Reputation and Ranking: Both IEM Kolkata and Globsyn Business School have strong reputations. Curriculum and Course Content: Compare the curricula to see which aligns better with your career goals and interests. An MBA in Marketing and Dual Specializations - International Business, and a choice between Marketing / Finance / HR / Operations Management, have different focuses, so choose based on your professional aspirations. Industry Connections and Placement Records: Research the industry connections and placement records of both schools. Identify which programme has a stronger track record of placing students in your desired field. Faculty and Student Community: Evaluate the quality of faculty and the student community. Consider which environment will provide a better learning experience for you. Ultimately, your decision should be based on your individual needs and career goals.Read more
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FEATURED COURSES

Master of Foreign Trade [MFT] Colleges IN INDIA

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Banaras Hindu University - [BHU]
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Banaras Hindu University - [BHU]

Varanasi, Uttar Pradesh
UGC
MBA/PGDM(2 Yrs)9.5
₹ 50.01 K first year fees
VIEW ALL COURSES & FEES
Kodaikanal Christian College - [KCC]
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Kodaikanal Christian College - [KCC]

Kodaikanal, Tamil Nadu
UGC
MBA/PGDM(2 Yrs)
₹ 1.15 L first year fees
VIEW ALL COURSES & FEES
Manipur University - [MU]
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Manipur University - [MU]

Imphal, Manipur
UGC
MBA/PGDM(2 Yrs)
₹ 46 K first year fees
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