Level 5 Diploma in International Trade

The Level 5 Diploma in International Trade (DIT) examines the ability of the student to manage the broader managerial aspects of International Trade and make the right decisions when problems arise.

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.

The Level 5 Diploma in International Trade consists of four modules.

International Marketing Strategy

This module addresses the development of marketing strategies and plans including market selection, market entry, the marketing mix and some of the organisational aspects relating to international marketing.

On completion of this module the successful student will be able to:

• identify the motives and strategic decisions necessary for international marketing operations
• outline the planning processes and methods involved in the generation of strategic choices for international marketing decisions
• explain the strategic issues involved in selecting and entering international markets including the relevance of organisational structures
• evaluate appropriate methods of trading and marketing internationally
• manage effectively all the elements of the marketing mix
• explain the relationship between the marketing mix strategy and successful market development

International Logistics and Purchasing

On completion of this module the successful student will be able to:

• define the role and importance of logistics in an international context
• use that ability within a corporate structure to maximise the effectiveness of an organisation’s marketing and distribution strategy
• recommend the appropriate measures for the management of transport, warehousing, inventory and materials handling
• advise and develop a strategy for the effective performance of the logistics process and systems
• recommend the most cost effective means of exporting and importing by the proper management and planning of Customs regulations and facilitations
• evaluate the various global sources of products and materials
• establish the procedures necessary to implement and control a global sourcing policy

Management of International Trade

On completion of this module the successful student will be able to:

• use appropriate techniques of corporate strategy and management in an international context
• identify appropriate supply strategies and structures
• set up effective structures for corporate management
• explain to colleagues the importance of international financial strategies and pricing policies
• recommend suitable sources of trade finance in an international context
• manage the risks related to multi currency trading
• suggest appropriate methods to establish effective business development

Practical Global Trading

Drawing from the learning completed in previous modules, project work permits the student to choose an area of International Trade that best suits their individual and/or company requirements. With reference material and practical tutor support the student can move into a more specific area for their project.

Study Commitment

As a guide you should expect to study for around 82 hours for each of the three 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.

Assessment

Each module is completed by means of an assessment. Assessments usually comprise a 3000 word report (4000 words for the Practical Global Trading module assessment) linked to the practical application of international trade procedures in the working environment – students have 6 weeks to research and complete the assessment.

19 years of age or over and successful completion of the Level 4 Diploma in International Trade (formerly Advanced Certificate in International Trade/ACIT). Candidates with an existing Degree from a recognised University and / or more than 5 years’ experience in international trade will be considered for direct entry to the level 5 Diploma.

If you have not previously been awarded the Level 4 DIT/ACIT qualification but wish to proceed direct to the Level 5 Diploma this may be possible depending on your experience in international trade.

On successful completion of the Level 5 Diploma, students will qualify for Graduate Membership of the Institute and will be entitled to use the suffix of MIEx (Grad).

You may then decide to go on to study for the BSc (Hons) Management Practice - International Trade