Post Diploma in Foreign Trade

Post Diploma in Foreign Trade Eligibility:

The eligibility criteria for Post Diploma in Foreign Trade (PDFT) may vary from institution to institution, but generally, candidates must meet the following requirements:

1.    Educational Qualification: Candidates must have completed a Bachelor's degree in any discipline from a recognized university.

2.    Minimum Marks: Candidates must have obtained a minimum of 50% marks in their Bachelor's degree. However, some institutions may have a lower or higher percentage requirement.

3.    Age Limit: There is no age limit for admission to PDFT courses.

4.    Work Experience: Some institutions may require candidates to have some work experience in the field of foreign trade or related industries.

5.    Entrance Exam: Some institutions may conduct an entrance exam or interview to evaluate the candidate's aptitude and knowledge in the field of foreign trade.

Candidates must check the eligibility criteria of the specific institution they wish to apply to before submitting their application. Some institutions may have additional eligibility criteria or may give preference to candidates with specific qualifications or work experience.

Why to do? Post Diploma in Foreign Trade:

There are several reasons why one might consider pursuing a Post Diploma in Foreign Trade (PDFT):

1.    Expand Career Opportunities: PDFT course equips students with the knowledge and skills required to handle the complexities of international trade. This can open up new career opportunities in various industries such as export-import firms, international trading companies, freight forwarding agencies, customs clearing and forwarding agents, shipping companies, and international marketing firms.

2.    Gain Knowledge in Global Business: The course provides a comprehensive understanding of the principles and practices of international trade, including export-import procedures, global logistics, international marketing, foreign exchange management, trade finance, and regulatory framework. This knowledge can be useful for those who wish to expand their business beyond the domestic market or work in a global organization.

3.    Develop Entrepreneurial Skills: PDFT course can be useful for those who wish to start their own export-import business. The course provides insights into various aspects of international trade, including market research, trade finance, regulatory framework, and documentation, which can help in setting up and managing an export-import business.

4.    Enhance Professional Skills: PDFT course can help working professionals to enhance their professional skills and advance their career. The course provides practical knowledge and skills required to handle various aspects of international trade, including negotiation skills, communication skills, and problem-solving skills.

5.    Global Networking Opportunities: PDFT course provides opportunities to interact with students from different countries and cultures. This can help in developing a global perspective and building a global network, which can be useful for those who wish to work in a global organization or start their own business.

Overall, a Post Diploma in Foreign Trade can be a useful qualification for those who wish to pursue a career in the global marketplace or expand their business beyond the domestic market.

Post Diploma in Foreign Trade Highlights:

Here are some of the highlights of Post Diploma in Foreign Trade (PDFT) in a tabular format:

Note: The information provided here is general and may vary based on the institution offering the course. Candidates are advised to check the specific details from the respective institution.

Post Diploma in Foreign Trade Top colleges for the course:

Here are some of the top colleges in India that offer Post Diploma in Foreign Trade (PDFT):

1.    Indian Institute of Foreign Trade (IIFT), New Delhi

2.    World Trade Center Mumbai

3.    Indian Institute of Export and Import Management (IIEIM), Kolkata

4.    Symbiosis Institute of International Business (SIIB), Pune

5.    BharatiVidyapeeth Institute of Management and Research (BVIMR), New Delhi

6.    Institute of Management Technology (IMT), Ghaziabad

7.    Institute of Logistics and Aviation Management (ILAM), Mumbai

8.    Institute of Export and International Trade, Chennai

9.    Indian Institute of Materials Management (IIMM), Mumbai

10.                       Amity Global Business School, Noida

These colleges have a good reputation in the field of international trade and offer quality education and training in this area. However, candidates should carefully evaluate the curriculum, faculty, infrastructure, and placement record before choosing a college.

Post Diploma in Foreign Trade Admission process 2023:

The admission process for Post Diploma in Foreign Trade (PDFT) in 2023 may vary from institution to institution, but generally, the following steps are involved:

1.    Application: Candidates must first obtain the application form from the institution's website or admission office. The application form must be duly filled and submitted along with the required documents.

2.    Eligibility Check: The institution will then check the candidate's eligibility based on their academic qualifications, work experience (if any), and other criteria specified by the institution.

3.    Entrance Exam/Interview: Some institutions may conduct an entrance exam or interview to evaluate the candidate's aptitude and knowledge in the field of foreign trade. The entrance exam may consist of objective type questions covering topics such as export-import procedures, international trade documentation, global logistics, international marketing, foreign exchange management, trade finance, and regulatory framework.

4.    Merit List: Based on the candidate's performance in the entrance exam (if applicable) and academic qualifications, the institution will prepare a merit list.

5.    Admission Offer: Candidates who have been shortlisted will be offered admission to the course. They must confirm their acceptance by paying the admission fee within the stipulated time.

Candidates are advised to check the specific admission process and dates of the institution they wish to apply to and ensure that they meet the eligibility criteria before submitting their application.

Syllabus for the course Post Diploma in Foreign Trade:

The syllabus for Post Diploma in Foreign Trade (PDFT) may vary slightly from institution to institution, but generally, the following topics are covered:

1.    Introduction to Foreign Trade

• Understanding foreign trade and its importance
• Basic concepts of international trade
• Benefits of foreign trade for businesses

2.                Export-Import Procedures

• Export procedures and documentation
• Import procedures and documentation
• Custom clearance procedures
• Role of customs, ports, and shipping agents

3.                International Marketing

• Principles of international marketing
• Market research and analysis
• Product development and positioning
• Pricing strategies for international markets

4.                Global Logistics

• Introduction to logistics
• Types of logistics and their importance
• Transportation modes and their selection
• Warehousing and inventory management

5.                Trade Finance

• Sources of trade finance
• Payment methods in international trade
• Role of banks in trade finance
• Risk management in international trade

6.                Regulatory Framework

• WTO and its role in international trade
• International agreements and treaties
• Customs laws and regulations
• Role of government agencies in foreign trade

7.                Foreign Exchange Management

• Foreign exchange and its importance in international trade
• Exchange rate mechanisms
• Hedging techniques
• Management of foreign exchange risk

The above topics are covered in depth to equip students with the necessary skills and knowledge to succeed in the field of international trade.

Post Diploma in Foreign Trade FAQs:

Q: What is the duration of the Post Diploma in Foreign Trade (PDFT) course?

A: The duration of the course is typically one year (full-time).

Q: What is the eligibility criteria for PDFT?

A: The candidate must have a Bachelor's degree in any discipline from a recognized university with a minimum of 50% marks.

Q: What is the admission process for PDFT?

A: The admission process may vary from institution to institution but generally involves an application process, eligibility check, entrance exam/interview, merit list, and admission offer.

Q: What is the fee for the PDFT course?

A: The fee for the course may vary depending on the institution offering it. Generally, it ranges from INR 50,000 to INR 2,00,000.

Q: What are the career opportunities after completing PDFT?

A: Graduates of PDFT can find job opportunities in export-import firms, international trading companies, freight forwarding agencies, customs clearing and forwarding agents, shipping companies, and international marketing firms.

Q: What are the skills developed through PDFT?

A: PDFT develops skills such as negotiation skills, communication skills, problem-solving skills, market research skills, and a deep understanding of international trade practices and regulations.

Q: What are the top institutions offering PDFT?

A: Some of the top institutions offering PDFT are Indian Institute of Foreign Trade (IIFT), New Delhi; World Trade Center Mumbai; Indian Institute of Export and Import Management (IIEIM), Kolkata; Symbiosis Institute of International Business (SIIB), Pune, etc.

Q: What is the future scope after completing PDFT?

A: Completing PDFT can provide opportunities to expand businesses globally, better career prospects in global organizations, and the ability to handle international trade-related challenges more effectively.