Foreign Trade, also called International Trade, is the exchange of goods, capital and services across international borders and territories. In most countries, foreign trade represents the share of GDP (Gross Domestic Product).
Generally, no country can produce all the goods and services it needs. They must depend on other countries to import goods that are not available or are available in insufficient quantities. Similarly, they may export goods in excess quantity to other countries.
Foreign Trade Managers are responsible for developing their organization’s foreign trade policies and procedures. They ensure that the entire workforce required to introduce and market products is consistent with the controls and methods imposed by the government.
The Master’s in Foreign Trade studies are offered by universities and various business studies institutions around the world under various business degree programs. Some of these master’s programs are offered free of charge or are funded by a scholarship.
A Free Master Degree in Foreign Trade is designed for students seeking careers as diplomats, working in foreign policy, international business and other careers. To qualify for this master’s degree, applicants must have a bachelor’s degree in the related field.
Graduates of a Free Master’s in Foreign Trade program will develop the fundamental knowledge and skills necessary to build successful careers in global market operations in roles such as International Marketing Directors and Foreign Trade Managers.
A Master in Foreign Trade is a postgraduate academic program that provides students with the theoretical knowledge to gain a good foundation in the field of international business. It prepares students for a professional qualification in foreign trade.
This master’s degree provides a comprehensive introduction to the practical aspects of successful trade promotion and international business relations techniques. Students in a Master’s degree in Foreign Trade will gain advanced knowledge of international trade and global marketing.
A Master’s in Foreign Trade develops in the student an understanding of the role of major international trade organizations in establishing policies and standards governing world trade. The Master’s in Foreign Trade explores economic and trade decision making, current and future international trade issues and developments.
The graduate of a Master Degree in Foreign Trade will have the knowledge and skills to assess major trade issues at the local and international level, write policy papers and negotiate for the government, international organizations or the business sector.
These are some of the topics that can be included in the programmatic content of a Master’s in Foreign Trade:
A Master’s in Foreign Trade can take between 1 and 2 years of full-time study. The duration will depend on the country, the institution that teaches the master’s degree, the modality, the study plan, among other factors.
In the last few years, there has been an unlimited growth in this field with a great career offer. Currently, many companies hire foreign trade professionals and also assign them to international projects.
Graduates of a Master’s program in Foreign Trade can be hired by: Export units, international trade regulatory bodies, export promotion councils, house purchases, International Department of Multinational Companies, among others.
They can work in export houses to increase sales abroad, look for new commercial centers, among others. You can also work as a marketing executive who plans strategies based on market research.
Some job profiles include: Foreign Trade Manager, Export Manager, Relationship Manager, Business Development Manager, Foreign Trade Analyst, Foreign Trade and Purchasing Specialist, Purchasing Manager, Business Development Manager and Global Trade Manager.
The prices of the Master’s Degree in Foreign Trade can be varied. The prices of these masters are between $1,720 and $29,280 per year. In some cases it can have a higher cost.
The cost of this master’s degree will vary according to the country where it is taught, the institution or university that teaches the master’s degree, the modality, the duration, and the materials provided during the study, among other factors.
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