What is Export Import Management
Export/Import Management course aids in understanding international marketing, trade and the concept of foreign exchange. Export is the selling of goods or services from one country to another. Import is when one country buys goods or services from another. Exports and Imports are two critical components which maintain the economic well being of a country.
Exports and Imports establish a relation between the two countries. This is how important Exports and Imports are. The Export/Import Management course imparts knowledge in such a way that one can identify foreign markets, product development, payments, financial processes and documentation.Export/import management, operations management, international supplies are areas in which export and import management graduates work.
The importance of understanding export/Import management is growing day by day due to accelerating globalization and improved trade. Those pursuing the course get the privilege of working in top-notch global firms.
Eligibility Criteria (UG & PG) of Export Import Management
For Export/Import Management Undergraduate Course
Undergraduate diploma courses must have passed 10, +2 with 50% marks (40 to 45% for reserved category candidates)
The admission process differs from college to college.
Some colleges select students through the scores in the qualifying examination.
A few colleges conduct separate entrance tests for admission. Candidates who clear the entrance with a valid score will be admitted.
Many colleges grant admission to students with CET exam scores.
For Export/Import Management Postgraduate Eligibility
Postgraduate courses require a Bachelor's degree as eligibility. The Bachelor's degree must be completed in a recognized university.
The Bachelor's degree must be for a minimum of 3 years. 45% of marks must be obtained in the Bachelor's degree.
Some colleges offer admissions through the qualifying examination, whereas others conduct an entrance exam to offer admissions.
There are colleges which offer admissions with scores in national level entrance examinations.
Entrance Exam for Export/Import Management
IIFT Entrance Exam - Indian Institute of Foreign Trade conducts MBA entrance exam for admissions to MBA. The 2-hour examination is conducted online. Three colleges, IIFT Delhi, Kolkata, and Kakinada, participate in shortlisting students. Cutoff for shortlisting students is 95%. The candidates must have a bachelor degree of minimum 3 years duration with 50% marks.
IIEIM Entrance Exam - Indian Institute of Export Management conducts an entrance exam to offer admissions to post and undergraduate courses. The institute offers a diploma in Exports and Imports management and an MBA as well.
Candidates who clear the entrance exam are selected. IIEM is renowned for offering Exports and Imports management courses. Minimum pass percentile of 50% in 10, 12+ is the eligibility to appear in the exam.
CET - Most of the institutions grant admissions through CET scores. Common Entrance Test is an examination conducted to get admissions to various courses. The questions are asked on general intelligence & reasoning, quantitative aptitude and language.
Scope of Export Import Management in India and Abroad
Students who are passionate about learning business, trade, management should opt for the Export/Import Management course. Those who dream of becoming an entrepreneur are fit for this course. Candidates who need a career in supplies management can choose this course Students who love learning about sales and marketing can pursue export and import management courses.
There are opportunities in abundance for Export/Import Management graduates. Multinational companies, supply chain management firms, shipping firms, international trade firms, manufacturing firms, marketing firms are some of the many firms that hire export managers, custom officers, and international supplies, logistic managers.
Demand for these positions seems to increase as the world needs people who can handle risks in international trade. Export/Import Management graduates play their part in logistics, warehousing, shipping operations, port management and international trade transactions. The domains mentioned above prove that export and import management has a wide scope and plenty of career choices.
Course Fees Export Import Management
|Minimum Fees||Maximum Fees|
Diploma in export/import management is a one-year course divided into two semesters. The basics of Exports and Imports are taught to the candidates. Subjects studied in the diploma are as follows,
EXIM policy framework
International business environment
Insurance and inspection in foreign trade
International supply chain management
MBA in export and import management deals with the intricacies of the export business and helps in gaining knowledge about international trade. MBA in export and import management comprises of the following topics
Apparel Construction Techniques
Principles of management
Fundamentals of Apparel Making
Accounting and Finance
Pattern Making and Draping
The syllabus mentioned is just for reference. Colleges follow a separate and distinguished syllabus.
Careers in Export Import Management
Exports and Imports are two components without which the economy of a country won't survive. They play a vital part in business today. International trade involves enormous business, plenty of goods exported and imported through a variety of transportation.
Depending on the role you want to play in this sector, you can choose your designation. Those who have experience working abroad, speak foreign languages have separate power and authority.
Being multilingual adds value when working in the export/import management sector. Export/Import management graduates can work in many countries; therefore, they can travel across the globe. They help boost economic growth and efficiency.
Digital Innovation - Digital innovation is going to offer chances for businesses and individuals. Technologies give birth to new strategies that can be adapted for markets. Communication is much easier, and there's going to rapid change in the elicitation of ideas around the world. Demand for sustainability and expectation is increasing. Hence, the supply chain must innovate. It's a prediction that by the end of 2021 all manufacturing supply chains will invest in supply chain resiliency and artificial intelligence.
Cooperation among countries - Countries interact with each other and cooperate in many ways. Cooperation encourages the globalization of business. By eliminating restrictions and reducing mishaps cooperation paves the way for better foreign trade. Agreements on transport and trade permit nations to gain reciprocal advantages.
Growth of emerging markets - International trade has been impacted by the growth of emerging markets. The potential size and worth of the international bank are increased. These emerging markets help the economy to grow.
Job Profiles and Top Recruiters
Export/Import Management Job Profiles
International trade has grown rapidly. As a result, many opportunities have sprung for skilled export and import managers. Export managers are recruited for pricing, sourcing, costing, export market, export finance, documentation and foreign exchange.
Job profiles that seem appealing to export/import management aspirants are mentioned below for reference along with their job description.
Inspects imports and exports to ensure their nicety with legal procedures
Operation executive works in dispatching and procurement of the goods.
International Supplies Logistics Manager
Logistics manager takes care of the smooth flow of goods between two countries through the supply chain
She/he inspects the imports to ensure the quality and standards of the goods.
An export manager keeps a proper record of exports related to the organization he/she works for.
Prepares various shipping documents as per the foreign country's import/ export laws.
Top Recruiters for Export/Import Management
An export/import management graduate can find a job in the export department, export houses, trading houses, star trading houses, export processing zones, export-oriented zones, cargo clearing, marine insurance companies and packaging industries.
Bharat Heavy Electricals
Mahindra & Mahindra
Oil & Natural Gas
Steel Authority of India
It is important to check the salary before opting for a course. The salary is the outcome of the effort that every student puts in college. Salaries are mentioned for a few job profiles in export/import management.
Rs.10-12 lakh p.a. (Approx.)
Rs. 2-10 lakh p.a. (Approx.)
Rs. 4-6 lakh p.a. (Approx.)
Rs. 8-10 lakh p.a. (Approx.)
Rs 3-6 lakh p.a. (Approx.)
Rs. 3-6 lakh p.a. (Approx.)
Required Skillset for Export Import Management
Knowledge about finance and budgets - Export managers require a good understanding of financial issues and budgets. They need to be shrewd when it is needed. They also must have the talent to understand accounting systems and budgeting procedures. Those who work in small organizations should possess this quality more because a small deviation can harm the business.
Technical Knowledge - Basic technology like a laptop, computers have become inevitable nowadays. They take their place everywhere as the work becomes much easier and faster. Cost also is minimized due to the huge amount of work done in a short time. Technology has evolved organizations to work efficiently.
Networking Skills - The export/import manager deals with numerous stakeholders like customers, vendors and representatives of the government. The relationships have to be smooth, well maintained and cherished. Social media platforms help in doing this well. Excellent communication skills are a must. Multilingual persons have a bonus in dealing freely with clients from various countries.
Analytical Skills - The business has got a lot of data to be analyzed. The analysis involves gathering, analyzing and obtaining insights from the data. The analysis leads to confident decisions even in the time of crisis.
Ability to handle stress - There is always room for mishaps in export and import management. Maybe, the shipment has been delayed, or cargo has been damaged; this can lead to huge stress. But you have to stay calm and take decisions wisely.
Course Curriculum for Export Import Management
The Export/Import Management undergraduate course is designed to teach all the basic aspects of export and import to students. The course also reflects the day-to-day situations in the world of trade. It emphasizes how businesses can transport goods over international boundaries.
The students are equipped to meet the various needs of the business at the end of the course. The goal is to prepare students and transform them as leaders in the export and import sector established India and abroad. Exploration of various flaws in international markets and foreign exchange is learnt in the Export/Import Management course.
Popular Export Import Management Colleges in India VIEW ALL
Frequently Asked Questions (FAQs)
Question: What are some best institutions for certification courses in Export/Import Management which have good recruitment options as well?
Firstly, the export-import sector requires in-depth knowledge to survive as an export and import professional. A diploma can be done in FIEO, apex export promotion organization of India. It has two courses. One course is with BIMTECH, and another one is with Welingkar Institute.
Question: What are the benefits of learning Export/Import Management?
Students have many opportunities after graduating from export/import management courses as the trade industry is flourishing. One can start his/her own business in export/import. Job opportunities in customs, export houses, leading global firms, are available.
Question: How to start an export/import business from home?
Choose your products and create a website for you. Stay active online to find partners to work with. Paperwork must be taken care of, and the shipment method should be established. English is primary and mostly used in case of international trade. In case your English isn't good, there are translation programs available for your comfort.
Question: What are the cons of Export/Import Management?
One of the risks in export/ import management is political tensions. Trading between countries involves you to pay close attention to the relationship between the two countries. Foreign goods are replacing domestic goods' markets, so the domestic industries are omitted. Low value-added exports can only fetch a small profit. Exports will pave the way for loss of core technologies. The trade deficit will cause currency devaluation and inflation.
Question: What skills are needed for a successful export coordinator?
Enthusiasm and attention to detail, skill to welcome differences of how business is done across the world are requisites for an export coordinator. In addition to these, supply chain, interpersonal skills, time management, product portfolio, office coordination, customer service are needed.