FITT – Certified International Trade Professional® (CITP)
The individual seeking Certified International Trade Professional® (CITP) certification will own the knowledge to lead its organization in the international trade. Certifications show the dedication you have towards your goals and development. Let us dig deeper into this valuable credential. Survival of fittest policy has started ruling the job market. In order to survive, you have to keep yourself updated with the latest development. One way of achieving edge over others is through gaining certifications.
About Certified International Trade Professional® (CITP)
With regards to government regulations and import/export responsibilities, recognizes the various uses of international trade documentation, monitors and improves companywide compliance. With exposure to foreign exchange markets, exchange rates, interest rates and currency swaps, grasp a solid framework of international trade finance. By understanding a culture’s impact on international trade and examines case studies implements a marketing strategy to identify marketing issues and concerns of successful participants in the global marketplace. In order to achieve objectives of their company’s implemented market research programs, surveys and plans to promote brands.
The individual seeking this certification will own the knowledge to lead its organization in the international trade. Therefore, becoming a valuable resource for international trade and will take the steps to advance their career in the import/export industry.
Exam Overview
This is a closed book, 4-hour online exam entailing approximately 150 MCQs, presented either as case-based or as independent questions.
- A set of approximately 2-5 questions associated with a brief international trade scenario are included in the Case-based questions.
- All the information necessary to answer the question is included in the independent questions.
- Certification level Senior Experienced
- Certification Examination duration Four Hour Proctored Examination
- Certified International Trade Professional® (CITP) Exam Cost $360.00
*Note- this exam isn’t marks based, simply a pass or fail grade is provided.
Required Skills
The following listed topics are defined as within this body of knowledge and are reflected in the knowledge assessment requirements stated for this certification. A person who holds this certification must have satisfactorily passed an examination demonstrating a high degree of knowledge of these topics and knowledge requirements.
Industry Standard: Exhibiting basic knowledge and usage of international trade principles, concepts and processes.
- Marketing
- Documentation
- Logistics
- Finance
Eligibility Requirements
A minimum of 12 months international trade work experience is required to secure the CITP®| FIBP® designation. And, depending on your job and responsibilities, you may be closer than you think in securing your CITP®| FIBP® designation.
What qualifies as international trade work experience?
- A profession where activities that deal with or support the company’s importing and/or exporting activities are the major job responsibilities.
- A profession where your responsibility is to provide support to importers and exporters, such as an association or crown corporation.
- Your position does not necessarily need to have ’importing’ or ’exporting’ in the title.
- You work with a company that does importing or exporting activities, but where you don’t possess any responsibilities in that area, does not qualify as work experience.
What is the process for taking this exam?
- Engage in Preparation Training /or/ Study Knowledge Requirements
- Then locate a Proctor
- Fill out Test Site Application (available on its official site)
- Make the Exam Payment
- Prepare for Exam
Renewal Policy
Via the online membership renewal form in your user account, you can still renew your designation. To access it, go to your FITT user page, sign in, and then click FITT Members from the menu on the main part of the screen and Membership Renewal from the resulting dropdown menu.
To be listed in the Membership Directory you must manually opt. This is due to a number of privacy concerns. First sign in to the FITT website to add yourself. Once you’ve done so, from the menu on the main part of the screen click FITT Members and My Profile from the resulting dropdown menu. Once you’re there, you’ll see,
- A field to write a short bio about yourself, and
- A list of checkboxes giving you the control for which information is listed in the directory along with your name.
Certified International Trade Professional® (CITP) FAQs
You can refer to the official site of Microsoft for the exam policies and other terms and conditions. Make sure to properly read all the terms and conditions so that you do not miss out on anything important for taking the exam. To know more, visit: Certified International Trade Professional® (CITP) FAQs
Syllabus Details
| Topic | Knowledge Demonstrated |
| International TradeTerminology | To understand the terminology and usage of terminology used in the import/export of goods and services, including Incoterms®2010 |
| InternationalTradeDocumentation | To demonstrate an understanding of the documents used in import/export and their usage. Understanding the documentation needs of general goods being imported or exported. |
| Expansion of thefirm to internationalmarkets Analysis of productimport/exportpotential International MarketResearch Establishing pricingfor internationalmarkets | To know how to determine if a firm should expand their effort to include import/export markets. To be proficient at analyzing the import/export ability of a product or service. To be capable of understanding the mechanics of primary market research: have the potential to build a market survey instrument for import/export use. To make import/export decisions knowing how to use secondary market research Possessing a basic knowledge of the principles of setting a product’s price in a foreign market. |
| InternationalFinance Tools InternationalDistribution | Having the capability of using the various financialTools that include letters of credit and otherforms of payment and credit terms, which are used ininternational trade Be able to assess and utilize all elements of the international distribution environment as needed to facilitate international trade. |
| InternationalBusinessResources | Possess basic knowledge about the various organizations and other sources available for assisting individuals and organizations in their efforts to import/export goods and services. |
International Marketing
| Topic | Knowledge Demonstrated |
| General MarketingConcepts | To understand the purpose and mechanics of marketing and how marketing as a discipline fits in to the organization’s strategic planning process. To know the terms, concepts and practices used in modern business as they relate to global marketing. To know the differences between international marketing and domestic marketing. |
| Marketing Research | To understand the fundamentals of marketing research. To be able to design a research strategy and be able to construct a marketing survey instrument for use in the global environment. |
| EnvironmentalAnalysis in the GlobalVillage | To be able to analyze the forces that shape a firm’s marketing strategy. To know how country culture impacts marketing decisions. |
| Assessing Global Market Opportunities: Determining Marketing Potential | To have knowledge of how to analyze a company’s marketing potential with a focus toward global opportunities. To beagle to determine if a product has potential in a specific foreign market |
| Global Market Strategies Monitoring and Control | To know the various global market strategies that can be used to meet market needs. To know how to establish marketing objectives, measure results (monitoring marketing activities) and control activities. |
| Global Marketing 4 P’s Marketing Mix decisions in a global economy | To know how to determine the price, place, product and promotion for a product or service for international markets. To know how to develop a complete marketing plan, including marketing research instrument (survey), marketing mix decisions, marketing strategies and implementation strategies |
Preparation resources
There are numerous resources that can be used for preparation. But one should be very careful while choosing the resources as they determine your level of preparation and how well will you pass the exam. let us have a look at handful of resources –
FITT Skills Program Online
You can access this official resources that can be used for preparation. The official resources are the most authentic source in terms of quality and the syllabus authenticity. They can serve as best resource for preparation. Access them here – FITTskills program online. Complete a FITT-accredited international business program through one of partner colleges or universities and complete the required FITT assessments
Instructor led training
The instructor led trainings can be the right choice for you if you are inquisitive person and encounter many doubts. These interactive sessions are prepared by world class experts on the subject matter and help you in gaining the required skills in less time. These trainings are made available by Microsoft and also many educational sites. You can check out the official resource from the link –
Books
Books are indeed the best valued resource for preparation. you can refer to multiple books of your choice and can also pick the books from libraries or book stores. You can also go for e-books as per your convenience. Make sure that book has covered all the necessary points of syllabus and is according to your level of understanding. It is also possible that you have to choose book based on topics as the topics are very vast. For example –
Understanding Letter of Credit Learner’s Guide to Letter of Credit
Books Business Law : Bose D. Chandra
Practice papers and sample papers
With every practice session you get to know about the improvement in your performance that are likely to decrease your chances to pass the exam. Practicing as much as possible will help you to ace the exam in a better way. They help you in identifying your loopholes and weak portions. Try a free practice test now. You can find various reliable sites that can serve you with quality content and good quantity of practice papers too.
