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.

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