Retail Management

Retail Management is a field in management that deals with selling of goods and services to consumers. Like other branches of management retail management has also bright career option nowadays. It can also be well defined as delivery of goods which are being demanded by consumers at an affordable price and on time, it is also well-known as 'Retailing'.

Retailing involves a direct interaction with the customer and coordinating the business activities from designing of a product to its delivery and post-delivery service. Those who are specialists in retail management are generally known as Retail Managers. A Retail Manager is concerned with problem solving, monitoring Retail orders, merchandising, human resources and stocks, analyzing the supply etc.

 

Few courses offered in Retail Management: -

 

  • Certificate Course in Retail Bank Operations
  • Certificate in Retail Management
  • Certificate Course in Retail
  • Diploma in Retail Management
  • Bachelor of Arts in Materials Management
  • MBA in Retail Management
  • Master of Retailing & Logistics Management
  • Master in Retail Management
  • Post Graduate Diploma in Retail Management

Basic Eligibility

UG:

 

For admission into bachelor’s degree program a student must have passed the higher secondary education or 10+2 in any stream. The duration for this program is of 3 years.


PG:

 

For admission into master’s degree program a student must have passed the bachelor’s degree in retail management or subjects related to retail. The duration for this program is of 2 years.


Others:

 

Eligibility for Certificate programs: -

For admission into bachelor’s degree program a student must have passed the higher secondary education or 10+2 in any stream. The duration for this program is of 6 months to 1 year.

Eligibility for Diploma programs: -

For admission into bachelor’s degree program a student must have passed the higher secondary education or 10+2 in any stream. The duration for this program is of 1-2 years.


Specializations

Few specializations in this field: -

 

  • Competitive Analysis and Planning
  • Store Operations
  • Pricing Management
  • Merchandising

Job Prospects

India is considered as one of the top ten rising retail markets all over the world. With such an emerging retail market the jobs are available in plenty at all levels. Job opportunities are available in the fields such as supply chains, departmental stores, supermarkets, advertising agencies etc. Retail managers are also required in manufacturing companies to help customers understand about the products and to reach customers directly.

Skilled retail managers are also needed by companies such as Insurance and banking to convey their commodities directly to the customers. Retail managers are also being absorbed in a large number in the field of education and healthcare industries. Retailing business has been setup by many multinational companies, few of them are Reliance Group, Tata Groups Trent, ITC Retail, Big Bazaar & Pantaloons, etc. The business generated by these has created huge employment opportunities for trained Retail Management professionals.

 

Few job types: -

 

  • Visual Merchandisers
  • Department Managers
  • Supply Chain Distributors
  • Management Trainees
  • Assistant Store Managers
  • Merchandising Assistant
  • Sales Executive
  • Marketing Executive
  • Buyer Trainee


Few employment areas: -

 

  • Insurance Companies
  • Advertising Agencies
  • Restaurants
  • Banks
  • Warehouses
  • Multiplexes
  • Airlines
  • Shopping Malls
  • Book Shops
  • Cafes
  • Provision Stores
  • Logistic Firms


Pay package: -

The pay package in this retail industry depends on the factors such as qualification, company, job profile and the area of the work. The average salary of a sales person in the retail industries varies in between Rs.7,000 to Rs.10,000 per month. As the experience increases the pay scale also increases and the expected salary ranges from Rs.15,000 to Rs.25,000 per month which again depends on the above factors mentioned.

MBA Colleges for Retail Management institutes/Colleges

Abhinav Institute of Technology & Management, Thane

Thane (w), Maharashtra, India

Abhinav Institute of Technology & Mangement (AITM), Thane (w) was established in 1994, is a widely recognized educational institute in the state of Maharashtra, India. The brand ‘Abhinav’ symbolizes “inovation” since it has introduced...

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ACCMAN Institute of Management

Greater Noida, Uttar Pradesh, India

ACCMAN Institute of Management (ACCMANIM), Greater Noida is approved by AICTE, ministry of HRD, Govt. of India. ACCMAN Institute of Management is a leading B-School founded by Balibhadra Foundation of New Delhi, working with the mission to provide world class...

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ACE Business School Pune

Pune, Maharashtra, India

ACE Business School (ACEBS), Pune is registered under the provisions of Bombay Trust Act, 1960. ACE Business School has consistently focused on designing practice oriented learning and a contemporary industry-focused curriculum, driven by our strong corporate...

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Acumen School of Business

Delhi, India

Acumen School of Business, Delhi is a part of Acumen Education Group. The institute takes an active approach to learning that goes beyond the expected, learning that takes out of the classroom and into the real world. The institute offers Twin Post Graduate...

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Advanced Institute of Management

Delhi, India

Advanced Institute of Management (AIM), New Delhi provides regular & distance courses through various UGC, DEC (IGNOU, New Delhi), AICTE & MHRD (Government of India) approved universities. Advanced institute of management is one of the premier institutes...

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AM Informatics

New Delhi, Delhi, India

AM Informatics (AMI), New Delhi was established in 1987. The institute is accredited by DOEACC Government of India for both ‘O” & “A” level courses. The renowned institute is authorized by Karnataka State Open University and Punjab...

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Amity Business School

Noida, Uttar Pradesh, India

Amity Business School (ABS), Noida as established in 1995. It is accredited by NAAC. ABS endeavors to be an institute committed towards innovation, knowledge-sharing openness and entrepreneurial shills for developing new generation of global manager. ABS shall...

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Amity Centre for e - Learning, Noida

Noida, Uttar Pradesh, India

Amity Centre for e - Learning (ACeL), Noida provides online learning through Amity Centre for eLearning (AUO) to give individuals and organizations the competitive edge. All the courses offered by the center are recognized by Amity University. The mission of the...

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Apar India Institute of Management and Technology

New Delhi, Delhi, India

Apar India was established in 1998, providing University Degrees duly affiliated to Sikkim Manipal University Health Medical Technological Sciences in the field of Management, IT and Journalism MBA, MCA, MSc.IT, MAJM, BBA, BCA, BSc.IT, BA JM etc. Right from the...

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