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Mohit Dhulia
The Diploma in Export and Import Management is a 1-3 year foundation program that prepares students for a career in the worldwide market and trade. The minimal requirement for this diploma program is a 10+2 diploma or an equivalent qualification. Some colleges are offering this subject even after students have completed the tenth grade. Among the topics covered are international business practices, customs laws and policies, and international issues such as International Supply Chain Management, Marine Insurance, Export Import Documentation and Procedures, Import Tariffs, and Risk Management.
Also included is a project on International banks, which will provide the student with an opportunity to gain hands-on experience with the practical aspects of international commerce. The rapid expansion of international trade in various countries has resulted in the creation of numerous high-paying work opportunities for participants who have received training in export-import transactions.
Trading houses, export departments of companies, development authorities, commodity boards, marine insurance companies, export processing zones, export promotion councils, and export-oriented units are just a few of the organizations that have a lot of room for growth in the field of export management. In order to address the country’s expanding demand for qualified and informed individuals in the field of international management, the Institute was established. It provides participants with an understanding of the issues that importers and exporters deal with, allowing them to approach export-import transactions in a more systematic manner.
From comprehending trade policy to export and import documentation, trade logistics and operations, and export and import financing, there is a lot to learn about international commerce. Students can learn the fundamentals of product and service exchanges in this course, which are necessary for any firm to operate successfully. It will cover fundamental areas such as foreign trade policy, business communication, pricing and distribution, risk management, and so on in this diploma in Import and Export Management Syllabus.
The usual fees paid by the institutes will range between INR 5,000 and INR 1,00,000, depending on the location of the institute, the grades obtained in the previous class, and the type of institute. Candidates with a diploma in import and export management can pursue careers in a variety of fields such as export authorities, shipping and logistics, trading houses (including international marketing), export-oriented units (such as airlines), and cargo. These applicants may be qualified for positions such as Export Manager, Import Manager, Consultant, Merchant Exporter, and other related positions.
The eligibility criteria for Diploma in Import and Export Management Courses are given below-
Graduate diploma courses require a minimum of a 10+2 grade point average with a 50 percent passing grade (40 to 45 percent for reserved category candidates) The application and admissions procedure varies from college to college. Some colleges choose their students based on their performance on the qualifying exams. A small number of colleges need students to take separate entrance exams in order to get admitted. Admission will be granted to those who pass the entrance exam with a valid score. Students who have passed the CET exam get admitted to a large number of colleges.
A Bachelor’s degree is required to be eligible for postgraduate study in most cases. The Bachelor’s degree must be completed at a university that is nationally recognized. The Bachelor’s degree program must be completed in a minimum of three years. The Bachelor’s degree must be completed with a minimum of 45 percent of the possible points. There are some colleges that only offer admissions through qualifying examinations while other universities only offer admissions through entrance exams. There are certain colleges that admit students based on their performance in national-level entrance examinations.
IIFT Entrance Exam – The Indian Institute of Foreign Trade administers an MBA entrance exam for students seeking admission to MBA programs. The two-hour examination will be performed online in a computer lab. Three colleges, IIFT Delhi, IIFT Kolkata, and IIFT Kakinada, are involved in the selection of candidates for the program. The criterion for selecting pupils for shortlisting is 95 percent. The candidates must hold a bachelor’s degree with a minimum duration of three years and a minimum grade point average of 50 percent.
IIEIM Entrance Exam – The Indian Institute of Export Management holds an entrance exam to determine who will be admitted to its postgraduate and undergraduate programs. Exports and imports management certificates, as well as an MBA, are available from the institute.
Students that pass the entrance exam are invited to participate. Among the several courses offered by IIEM are courses in Exports and Imports management. To be eligible to appear in the exam, you must have a minimum pass percentage of 50 percent in grades 10-12.
CET– The CET scores are used by the majority of institutions to determine admission. The Common Entrance Test (CET) is an examination that is held to determine eligibility for admission to various courses. The questions are based on general intelligence and reasoning, numeric ability, and linguistic skills, among other things.
| Course Type | Diploma/Beginner Level Certification |
| Duration | 6 months-1 year |
| Examination type | Semesters / Annual |
| Eligibility Criteria | 50% marks in 10+2 or equivalent / SSC/ Graduation |
| Admission Process | Merit-based / College Entrance Exam |
| Average Course Fees | INR 5,000 to 1,00,000 |
| Average Annual Salary | INR 2,00,000 to 5,00,000 |
| Top Hiring Companies | Export authorities, shipping, and Logistics, Trading houses, International Marketing, Export oriented units, Airlines, and cargo |
| Job Roles | Export Manager, Import Manager, Consultant, Merchant Exporter |
Knowledge of worldwide marketing, trade, and the notion of foreign exchange can be gained through taking an Export/Import Management course. The sale of commodities or services from one country to another is known as exportation. When a country purchases goods or services from another, this is known as importation. Exports and imports are two key components of a country’s economic well-being that must be maintained at all times.
Both exports and imports serve to build a relationship between the two countries involved in the transaction. This demonstrates how significant exports and imports are. Taking the Export/Import Management course will provide you with the expertise to identify overseas markets, product creation, payment processing, accounting, financial operations, and documentation. Graduates in export and import management work in a variety of fields including operations management, international supplies, and export/import management.
Participants who wish to pursue a career in foreign markets will benefit from the program’s basis. The curriculum focuses on international business practices, customs, and policies, as well as international issues such as International Supply Chain Management, Marine Insurance, Export-Import Documentation and Procedures, International Trade Barriers, and Risk Management, among other subjects. A project on EXIM is also included in the program, which will provide the student with the opportunity to learn about the practical aspects of international commerce. The relevance of knowing export/import management is increasing day by day as a result of the rapid globalization and expansion of international trade. Those who enroll in the program will have the opportunity to work in top-tier global corporations.
Everybody in an organization has to be financially smart, as financial success is a prerequisite for success, and this is also true for export/import managers. Export/import managers, among other financial abilities, must be able to comprehend accounting systems and participate in the budgeting process. Budgets are essentially expenditure plans that assist firms in establishing their financial year’s goals and priorities.
Export/import managers are responsible for a variety of tasks, including the preparation of spending reports, assisting in the development of budgets, and ensuring that teams adhere to authorized budgets. Financial abilities are particularly important for export/import managers who work with small enterprises, as these organizations frequently operate on shoestring budgets, and any deviations from approved budgets can be detrimental to the business.
You will be using fundamental technology like laptops and desktops, smartphones, cloud platforms, and web-based applications unless you’ve been living under a rock for the previous two decades. Technology has aided small firms in leveraging money efficiently, improving customer service, and lowering expenses through automating mundane processes, moving documents online, and gaining access to global marketplaces, among other things.
It has aided these businesses in being more productive and competitive. As the Covid-19 pandemic compels businesses around the world to embrace technology or accelerate their digital transformation in order to survive, it is even more critical for SMEs to understand how to use technology to stay relevant and competitive in an ever-changing environment.
The following technology tools are very important for export/import managers to be familiar with. Software for inventory management: Businesses can use this software to keep track of stock, plan production, procurement, and sales, and even avoid stock-outs and excess inventory. This increases productivity and efficiency, improves cash flow, and, as a result, lowers costs. Project management software: This software aids in the planning and scheduling of tasks, cooperation with coworkers, and easy documentation and evaluation.
The import and export of goods between countries are governed by a complex set of rules. Knowing and adhering to a country’s import and export laws and regulations, as well as any trade agreements it has signed, is known as trade compliance. In most companies, the export/import manager is in charge of trade compliance. These executives must guarantee that they and other workers are up to date on the country’s import and export laws and regulations.
Failure to do so can result in border audits, penalties, and shipments being inspected, all of which can be costly in more ways than one. For example, when shipments are held up at ports for inspection due to documentation issues or suspected violations of trade compliance regulations, aside from the possibility of penalties, these hold-ups can harm your relationship with your customer, ultimately affecting your business.
Interacting with different stakeholders such as clients, suppliers such as freight forwarders and transportation service providers, and representatives of government agencies such as customs authorities is one of an export/import manager’s tasks. These connections must be cultivated and maintained. Using social media channels, it is simple to connect with customers.
The majority of these platforms make it simple to create a business profile that can be used to communicate with consumers. Attending events organized by these organizations, such as conferences and fairs, is another efficient approach to creating networks with industry stakeholders and government agencies. Taking care of such relationships has a number of benefits. One, it fosters consumer loyalty and serves as a means of attracting new customers. Two, if you run into complications throughout the export/import procedure, service providers and government authorities you know personally may be more receptive to your needs. Three, you take these connections with you wherever you go, allowing you to advance your career and establish yourself as an expert in the export/import industry.
Every small business owner wants to increase sales while lowering expenditures. They will be aided in this endeavor by data analysis. Every day, businesses and entire industries generate data. Businesses can gain insights into client behavior as well as domestic and international market demands by analyzing all of this data, helping them to make more informed business decisions. Gathering data, interpreting data, and gaining insights from data are the three main components of data analytics.
For example, export/import managers could acquire and evaluate existing client data such as sales statistics to anticipate their wants, offering them exactly what they want when they want it and therefore increasing sales. Similarly, studying trade data may provide organizations with information about global demand and supply for goods and services, as well as their mobility.
These findings could help inform decisions about manufacturing and sourcing raw materials from global supply chains. It can also assist firms in determining which markets to target or methods to improve their product. Small business owners, in our experience, believe that larger organizations are better positioned to profit from data analysis. That isn’t correct. Knowing your customers is one of the most essential benefits of data analysis for every company, regardless of size.
The candidate’s performance in the qualifying examination, i.e. Class 12 exams, will be used to determine admission to this degree. In merit-based selection, a candidate’s marks in qualifying examinations are taken into account when deciding whether or not to admit them to the course. The admissions process is broken down into several steps, which are listed below.
Registration: The registration period starts up once a year, and colleges make notifications in advance. Online registration will be required, as well as the creation of a profile.
Filling up of application form: Log in and begin the application process after creating a profile. Fill out the application form with information on your academic achievements, work experience, internships, and completed projects, among other things.
Upload documents: Mark sheets, photos, signatures, and transfer certificates must all be scanned and sent to the portal online. To be accepted, all papers must be in a specified format and size.
Application fee: To process the application, a small application fee must be paid. Online payment solutions are available for use.
Admissions: It takes a few weeks for colleges to process applications. An offer letter for admission is issued if a candidate meets the cut-offs and all other criteria.
Courses in Diploma in Export and Import Management are given by a number of prestigious schools and institutions throughout the country. Following is a list of some of the best colleges in India that are currently offering this course:
| College Name | Average College Fees |
|---|---|
| IIFT, New Delhi | INR 75,000 |
| K.C. College of Management Studies, Mumbai | INR 35,000 |
| Xavier Institute of Business Management Studies, Bangalore | INR 13,900 |
| Indian School of Business Management and Administration, New Delhi | INR 14,900 |
| National Institute of Management, Mumbai | INR 25,000 |
| Exim Business School, Punjab | INR 15,000 |
| IICT Business School, Lucknow | INR 7,865 |
| IDEA Institute of Management and Technology, Ahmedabad | INR 35,000 |
| International Council for Management Studies, Chennai | INR 6,800 |
Candidates who are interested in learning about business, commerce, and management can consider enrolling in the Export/Import Management program. This course is appropriate for those who have a desire to start their own business. Candidates interested in a career in supply management might consider taking this course. Students who are interested in learning about sales and marketing might enroll in courses in export and import management.
Export/Import Management graduates will find plenty of job prospects in their field of study. Among the many companies that hire export managers, customs officers, and international supplies and logistics managers are multinational corporations, supply chain management firms, shipping firms, international trade firms. manufacturing firms and marketing firms are just a few examples of the many companies that hire export managers, customs officers, and international supplies and logistics managers.
The demand for these professions appears to be increasing, as the globe increasingly requires individuals who are capable of managing risks associated with international trade. Graduates of the Export/Import Management program contribute to the logistics, warehousing, shipping operations, port management, and international trade transactions sectors of the industry. The aforementioned domains demonstrate that export and import management has a broad reach and offers a diverse range of job options.
A lot of factors must be taken into consideration in order to get accepted into a top-ranked Diploma in Export and Import Management college. Some of the steps involved in the admissions process are described in this section. Students should be informed of the types of questions that will be asked and the difficulty level of the questions that will be asked in various entrance tests.
Because the questions are drawn from the syllabus given at the 10+2 level of education, reviewing the material and taking notes would be sufficient preparation. It is necessary to revise the fundamental concepts. Keep track of all important dates and deadlines. It is critical to keep track of any developments regarding the examination date.
MBA in export and import management focuses on the complexities of the export industry and aids in the learning of international trade. The following topics are covered in an MBA in export and import management.The curriculum provided is merely for informational purposes. Colleges have their own set of rules and regulations regarding curriculum.
Exports and imports are two important elements of a country’s economy, and without them, the country will not be able to survive. They are extremely important in today’s economic world. International trade comprises a tremendous amount of business and a large number of items that are exported and imported via a variety of modes of transportation. You have the option of selecting your designation based on the position you choose to perform in this industry. Those who have had prior international work experience and who are fluent in foreign languages have distinct power and authority.
Having a multilingual skillset is advantageous when working in the export/import management industry. Graduates in export/import management can find employment in a variety of nations, allowing them to travel throughout the world. They contribute to the acceleration of economic growth and the improvement of efficiency. Professionals qualified in their respective professions are required by a variety of companies and sectors in order to conduct import and export business successfully. There are several types of businesses that provide services to international trade, such as import-export management special export houses custom clearing houses merchandisers port and dry ports special economic zones transportation and logistic companies state trading corporations, shipping companies, and shipping corporations, marine insurance companies, foreign exchange services, financial institutions and banks that provide financing for international trade, quality control, etc.
Taking into consideration the wide range of companies that are available, an international trade expert has an extremely broad range of options for jobs in both international and domestic business. Participants in this import-export management course typically receive generous salary packages as well as a variety of other benefits in industries such as companies that have a subsidiary in another company, international or multinational financial institutions, export companies, and public sector organizations.
After completing your degree or diploma course, you can find employment with an export house or a merchandiser, where you will be responsible for documents related to import and export, as well as coordinating between taxation and customs authorities, as well as between exporters and port authorities. Custom House Agents, often known as CHAs, are needed to assist exporters in clearing customs. As taxes and customs professionals, CHAs may help to ensure that trade flows as smoothly as possible, particularly when dealing with the customs department, by understanding the needs of the customs department.
The most popular choices of education on completion of an Export and Import Management Diploma course are as follows.
In recent years, as a result of the expansion of the internet, many companies have begun to compete on a worldwide level. When a company begins to grow and expand, its owners begin to look for ways to make the company more profitable – whether through the importation or exportation of items. Once a company begins to operate on a global scale, there are a plethora of additional factors that can have a significant impact on its overall success. Exporting and importing commodities is not only a critical component of any large, successful enterprise; it also contributes to the development and expansion of national economies. Even more so, enrolling in a foreign trade course and learning everything you can about importing and exporting in India can prepare you to become a successful importer and exporter in India. After completing the export-import course, students will have a plethora of career options in a variety of industries related to international trade.
There are a number of other important advantages to mastering export-import trade management, which is listed below.
The following are some of the most typical job profiles for Diploma in Export and Import Management holders, along with job descriptions and estimated salaries.
| Job Role | Job Type | Average Starting Salary for fresher |
|---|---|---|
| Export and Import Managers | Monitoring exports, advising clients on price, keeping records, and participating actively in the company’s sales efforts. | INR 5,00,000 |
| Logistics Managers | Supply chain managers are another term for logistic managers. They are a member of the middle management team. Their job description states that they are responsible for overseeing logistics, finances, and shipment processing. | INR 3,35,000 |
| Operations Executive | Managing corporate budgets, evaluating managed service performance, participating in strategic goal planning with higher management, and overseeing the import and export of goods and services are just a few of the responsibilities. | INR 2,80,000 |
| Customs Officer | Observe their imports and exports to see if they adhere to all legal requirements. | INR 3,50,000 – 5,40,000 |
Maintaining records and supervising the services or items that are being exported to clients. Attending sales meetings and actively participating.
Several businesses specialize in importing, while others specialize in exporting. However, most industries will have both. This IMPEX will have a large scope regardless of the size of their industry.
Payouts for newcomers range from INR 10,000 to INR 15,000 per month.
Maintaining records and supervising the services or items that are being exported to clients. Attending sales meetings and actively participating.
To begin, survival as an export and import specialist necessitates in-depth knowledge of the industry. The FIEO, India’s main export promotion body, offers a diploma program. It is divided into two sections. BIMTECH offers one program while Welingkar Institute offers another.
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