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For the expansion of businesses, dissolving monopolistic entities, and enhancing competition, international trade is of vital importance. It not only helps the business expand but also encourages innovation of products and brings wide availability of goods and services to choose from. This industry is growing every year and has a huge number of job openings every year. Therefore, opting for it as a career in foreign trade is a really good choice.
Foreign trade is basically the exchange of capital, goods, as well as services across international territories or borders because there is a need for goods or services. Thus, such trade represents a good share of gross domestic product in most of the countries.
Candidates from diverse backgrounds such as commerce, management, engineering, etc, and interest in foreign trade can opt for a career in this field. In this blog, we provide you with a list of the 10 Best Paid Foreign Trade Jobs and Careers to pursue in 2022 to give you an idea of the opportunities available in this sector. So, stick to the blog till the end and you’ll be able to better analyze your profile of interest in this field.
So, without any delay, let’s look at the 10 Best Paid Foreign Trade Jobs and Careers to pursue in 2022-
1. International trade finance managers
International trade finance managers support business departments by handling the different aspects of banking documentation and procedures mainly application of the letter of credit, collection bills, and import/export L/C, banker’s guarantee, and liaising so as to rectify discrepancies on L/C documents, etc.
The main roles and responsibilities of these professionals include-
Roles and responsibilities
- Originate and complete trade finance transactions across different countries.
- Structure transactions.
- Develop and negotiate term sheets to execution.
Average salary: ₹8,50,000
2. International marketing consultants
International marketing consultants provide advice and information about international business development as well as marketing. Alongside, they research international business, investment opportunities, business practices, competitors, develop proposals and make recommendations.
The main roles and responsibilities of these professionals include-
Roles and responsibilities
- Studying profile and operations of a company in order to understand its marketing requirements.
- Conducting market research and identifying commercial opportunities.
- Developing and implementing a marketing strategy according budget and objectives.
- Preparing detailed proposals as well as marketing plans.
Average salary: ₹3,70,000
3. Market research analysts
Market research analysts are responsible for surveying the preference of customers and statistical data to support customers during their decision-making process about the product designs, promotions, and prices.
Besides, the major roles and responsibilities of these professionals include-
Roles and responsibilities
- Work with clients in order to design solutions that meet the needs.
- Devise data collection methods, like surveys, opinion polls, and questionnaires.
- Gather data on competitors, consumers, and market conditions and analyse this with the use of statistical software.
Average salary: ₹4,61,755
4. International business developers
International business developers are at the front of the company and have the dedication to creating and applying an effective sales strategy. Subsequently, their major goal is to drive sustainable financial growth by boosting sales and building strong relationships with clients.
Besides, the major roles and responsibilities of these professionals include-
Roles and responsibilities
- Monitoring the effective implementation of business development activities.
- Developing seperate business plans for each country.
- Administering and developing initiatives for increasing sales and market development activities.
Average salary: ₹9,60,000
5. Supply chain managers
Supply chain managers oversee and manage every stage of the production flow, starting from the purchase of raw materials to the delivery of the final product. Thus, they ensure that the right amount of product is made at the right time, and also coordinate the storage of the product.
Besides, the major roles and responsibilities of these professionals include-
Roles and responsibilities
- Creating the supply chain strategy of a company.
- Analyzing data from shipping and delivering processes so as to find bottlenecks.
- Evaluating and reporting on KPIs.
- Monitoring logistics in order to ensure their smooth running.
Average salary: ₹12,81,605
6. Relationship managers
Customer relationship managers are the ones who interact with customers and use data analysis techniques so as to study large amounts of information and create plans to meet the requirements of customers.
Besides, the major roles and responsibilities of these professionals include-
Roles and responsibilities
- Creating and enforcing plans that help meet the customers’ requirements.
- Building long-term relationships with clients as well as customers.
- Working quickly in order to address and resolve customer issues.
- Notifying the sales team of the new sales and opportunities of cross-selling.
Average salary: ₹3,90,473
7. Global trade managers
Global trade managers work to facilitate the flow of information, money, as well as goods in global trade supply chains including buyers, intermediaries, and sellers including customs agencies, freight forwarders, and banks.
Besides, the major roles and responsibilities of these professionals include-
Roles and responsibilities
- Manage business processes related to cross-border trade.
- Control orders and shipments and ensure the adherence to trade laws and regulations.
Average salary: ₹11,00,000
8. Export managers
Export managers are responsible for planning and coordinating the international shipment of goods. Thus, they are required to negotiate with a variety of people, like shippers, vendors, and agents, and are expected to have good customer service skills in dealing with customers.
Besides, the major roles and responsibilities of these professionals include-
Roles and responsibilities
- Design and implement different export strategies.
- Supervise the sales staff’s work.
- Prepare an effective business plan to achieve the desired targets.
- Monitor sales transactions and review customer responses for all orders and payments.
Average salary: ₹7,00,000
9. Foreign trade analysts
Foreign trade analysts are the people responsible for analyzing foreign trade and monitoring the global market to guide strategic international business decisions. Moreover, they help their clients maximize their business investment opportunities globally.
Besides, the major roles and responsibilities of these professionals include-
Roles and responsibilities
- monitoring trends in different financial sectors and industries within countries across the globe.
- identifying and analyzing information on trade and economic matters related to the competitive position of a company.
Average salary: Rs.3,90,000
10. Market research executives
Marketing research executives are the professionals responsible for planning, administering, and coordinating market research projects. So, they basically collect and analyze information indicating what people think about consumer products or specific societal issues.
Besides, the major roles and responsibilities of these professionals include-
Roles and responsibilities
- consult clients about needs and objectives of the project.
- design research techniques like interviews and questionnaires.
- carry out quantitative and qualitative research.
- agree timescales and budgets.
Average salary: Rs. 2,80,000
Finally, we have discussed the 10 Best Paid Foreign Trade Jobs and Careers to pursue in 2022. Candidates from any background pursuing an interest in business, management, trading, foreign exchange, etc can apply for these promising job roles in foreign trade.
