Career Option in Trade

A. Field description:

Trade is the willing exchange of goods, services, or both. Trade is also called commerce. A mechanism that allows trade is called a market. The original form of trade was barter, the direct exchange of goods and services. Modern traders instead generally negotiate through a medium of exchange, such as money. As a result, buying can be separated from selling, or earning. The invention of money (and later credit, paper money and non-physical money) greatly simplified and promoted trade. Trade between two traders is called bilateral trade, while trade between more than two traders is called multilateral trade.

B. Education Guide

Education Details & Eligibility:

Trade is believed to have taken place throughout much of recorded human history. There is evidence of the exchange of obsidian and flint during the Stone Age. Materials used for creating jewelry were traded with Egypt since 3000 BC. Long-range trade routes first appeared in the 3rd millennium BC, when Sumerians in Mesopotamia traded with the Harappan civilization of the Indus Valley. The Phoenicians were noted sea traders, traveling across the Mediterranean Sea, and as far north as Britain for sources of tin to manufacture bronze. For this purpose they established trade colonies the Greeks called emporia. From the beginning of Greek civilization until the fall of the Roman empire in the 5th century, a financially lucrative trade brought valuable spice to Europe from the far east, including China. Roman commerce allowed its empire to flourish and endure. The Roman Empire produced a stable and secure transportation network that enabled the shipment of trade goods without fear of significant piracy.

International trade is the exchange of goods and services across national borders. In most countries, it represents a significant part of GDP. While international trade has been present throughout much of history (see Silk Road, Amber Road), its economic, social, and political importance have increased in recent centuries, mainly because of Industrialization, advanced transportation, globalization, multinational corporations, and outsourcing. In fact, it is probably the increasing prevalence of international trade that is usually meant by the term "globalization".

For doing undergraduate minimum qualification is 12th and or doing postgraduate minimum qualification is under graduate.

Course Duration:

  • For doing U.G duration is 3 years
  • For doing P.G duration is 2 years
  • For doing P.G Diploma duration is 1 year

Trading course covers:

  • Distance Learning Technical Analysis & Stock Trading Course
  • AVAVA Financial - Stock trading course for beginners
  • Stock Trading & Technical Analysis Course

Approximate Education Expenses:

  • For U.G it will cost Rs20, 000 per year (approx)
  • For P.G its Rs1, 00, 000 per year (approx)
C. Institutions that Offers this Education

Ishan Institute of Management and Technology

  • All India Institute of Management
  • Amity Business School - New Delhi
  • BITS, Pilani
  • CR Institute of Management
  • Icfaian Business School(IBS)
  • Indian Institute of Management, Bangalore
  • Indian Institute of Management, Calcutta
  • Skyline Business School
D. Job Opportunities and Job Roles

Trading standards officers (TSOs) protect the public and advise traders to ensure that goods and services are sold, bought or hired in compliance with legislation such as the Trade Descriptions Act, Consumer Protection Act, Weights and Measures Act, and over 600 other regulations.

TSOs are involved in the prevention, detection and prosecution of offences. They liaise with agencies including the police, HM Revenue & Customs citizens' advice bureaux, environmental health departments, trade organizations and legal professionals. Areas of work vary but may include: animal welfare and agriculture; commercial fraud; counterfeiting; product labeling, weight, safety and pricing; under-age sales; and credit and loans.

Trading standards officers (TSOs) undertake a wide range of tasks. These include:

  • Visiting trading premises, e.g. pubs, petrol stations, factories and markets, in order to carry out routine tests of weighing and measuring equipment, or in response to a complaint;
  • Checking the weight of sale goods;
  • Checking that goods comply with legislation;
  • Checking that advertisements and labels compare accurately to the properties of the products;
  • Taking samples for laboratory analysis;
  • Investigating suspected offences, sometimes undercover and with the police or other agencies;
  • Presenting evidence at court in criminal proceedings;
  • Offering face-to-face and telephone advice and assistance to consumers who have problems with goods;
  • Offering business advice to help traders comply with legislation;
  • Writing reports, statements, letters, articles and consultation documents, and keeping accurate records;
  • Delivering presentations to schools and community groups;
  • Keeping up to date with new legislation, new cases and guidance procedures.

Senior TSOs may have management responsibilities, including project planning.

E. Approximate Salary Range

On average, beginning trade manager's state level is paid a monthly salary of about Rs.15,000. Those with previous experience earn significantly more, up to Rs.30,000 per month. Salaries vary from state to state; but with experience, marketing may eventually earn annual salaries between Rs.50,000 and Rs.1,00,000.

F. Related Links

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Other Shipping/Trade Career Option Archive