Learn about the practical aspects of international trade with our Level 4 Diploma in International Trade.
The Diploma in International Trade is the core operational qualification for international trade professionals. Designed to fit around a full-time career, with online study supported by contact with tutors, webinars, video sessions and podcasts.
You'll get a detailed knowledge of all the principles, procedures and documentation you need to know for a successful career in international trade.
After you have passed the Level 4 Diploma in International Trade you can apply for Associate Membership of the Institute, use the suffix of AMIEx and proceed to the Level 5 Diploma Qualification.
You can enter the Level 4 Diploma in International Trade if you are 18 years of age or over and have 4 GCSE/GCE O Levels A-C Grades including English Language and 1 A level or equivalent OR have NVQ Level 2 in International Trade Services OR 21 years of age or over with 3 years practical experience in international trade.
The Level 4 Diploma in International Trade consists of four modules:
This module has been designed to provide a broad knowledge and understanding of the conditions under which international traders must operate their business and how business is affected by changes in the political, economic, social, and technological environment both nationally and internationally. Students will also be provided with a basic knowledge of the law relating to international trade with a focus on the law of contract, sale of goods and agency law.
This module provides students with an understanding of the keys to profitability in their business, and the most appropriate sources of finance to maximise such profits. Students are also required to evaluate and attempt to reduce the various risks that are common to all international trade, including exchange risk and country and buyer credit risk and to choose and operate the most appropriate methods of payment.
This module introduces the basic marketing concept and the principles and practices of international marketing developing an understanding of the part culture plays in the sales process. Students learn to interpret the market environment, carry out appropriate research, analyse information accurately and devise appropriate marketing plans for the international environment.
You can choose between:
a) International Physical Distribution
This module addresses the merits of the different modes of transport, including factors relating to the choice of transport, provides an understanding of the different Incoterms, and recommends the appropriate term for a company’s international business. Students will also learn to manage the administration of a company’s international trade, understanding a range of documents and their functions and appreciate the need for correct packing and insurance of goods, as well as having an effective relationship with international service providers.
b) Selling Services, Skills and Software Overseas
The Service Offer: Role of Services in the economy; Tangibility of Goods & Services; Service offer factors; Characteristics of Service; Introduction to the 7 P’s – Service Marketing
Service and the Customer: Making Service decisions; Relationship management; Defining service standards Building a Blueprint
Global Business in Services: Global importance of services; Introduction to General Agreement on Trade in Services; The EU Services Directive; Constraints on trading services internationally
Planning for Overseas Business: The International Trading environment; A systematic approach to international market expansion; Market decision criteria; Channel Management - modes of supply and selection
International Services Marketing Strategy: The Service Product; Branding; Managing Intellectual Property; Developing strategic promotional and communications; Handling Cultural differences
Delivering your Service: Licensing, Franchising and Contracting; Handling e-trade in services; Creating Service value; Balancing Demand and Capacity; Contracting Services; Getting Paid; Managing Risk
Service Operations: The role of People; Staffing the overseas service; Dealing with local clients and customers;Use of technology in marketing services; Organising for Service Leadership
As a guide you should expect to study for around 68 hours for each of the four modules. The course has to be completed within 4 years, but the usual period of study is 15 months. These are recommended hours only, as the completion time will vary from student to student.
Each module is completed by means of an assessment linked to the practical application of international trade in the working environment. The length of the assessments vary by module ranging from 2300 word assessments to 3000 words. Students have 6 weeks to research and complete the assessments.
Enrolment fee £1375
Student Registration (two years student membership) £130
Assessment fees (per module, not required to be paid until assessments are taken) £130
Alternatively, you can take specific modules individually priced at £430 per module, also subject to membership and assessment fees.