MBA In Retail Management
MBA in Retail Management is the 2 years long postgraduate course in the field of management. It is the fully residential academic programme follows the semester pattern. There will be 2 semesters in each academic year; with each semester is lasting for a period of 6 months. The study of this course will consist of total 4 semesters. At the end of each semester, students have to appear the examination. MBA Retail Management costs somewhere ranges from 3 to 10 lacs.
Retail Management is Process of promoting sales and customer satisfaction. This course enriches the candidates with managerial skills which they may further apply in retail industry. Retail management professionals should have the quality of leading a team.They should have the ability to make strategies to increase the sell of products.This course is meant for the students who have interest in merchandise, sales market, advertising, campaigning, and market research.
MBA In Retail Management Syllabus
MBA retail management syllabus may vary across institutions. However, the subjects covered in the 4 semesters of the course are as follows
|1||Mathematics for Management|
|4||Principle of Accounting|
|7||Organizational Behaviour and Management Process|
|8||Retail Shopper Behaviour|
|3||Finance in Retail Operations|
|6||HR in Retail Operations|
|7||Legal Issues in Retail|
|8||Retail Brand Management and Selling|
|1||Visual Merchandising, Franchising and Vendor Management|
|2||Retail SCM and Warehousing|
|3||Retail Information Systems|
|1||Management in Action – Social, Economic and Ethical Issues|
MBA In Retail Management Colleges
There are many reputed colleges which offer this course. Some of the best MBA retail management colleges are
- Amity Business School, Noida
- Symbiosis Institute of Management Studies, Pune
- Birla Institute of Management Technology, Greater Noida
- Galgotias University
- Lovely Professional University (LPU)
Admission Procedure for MBA Retail Management
- To take admission in MBA retail management, candidates have to qualify entrance exams such as MAT, CAT, XAT, etc.
- A college/institution may also conduct its separate examination for facilitating admission.
- In some colleges, the selection process is followed by personal interview and group discussion round.
- The final selection is based on total marks secured in entrance test, PI and GD.
- Those seeking admission in foreign Universities are required to qualify GMAT.
Job Opportunities for MBA In Retail management
The demand of retail management professional has been growing rapidly. The field of retail management provides better opportunity to students for growth. There is a tremendous scope for retail management in India and foreign countries.
MBA in Retail Management job areas include departmental
- Movie theatres
- Supply chain
- Advertising agencies and manufacturing companies
A candidate can start working in this field as
- Sales executive
- Sales manager or marketing manager
One may also run their own retail business by taking franchisee of any reputed brand.In retail industries, the professionals of retail management are hired as
- Lobby manager
- Floor executive
- Floor manager
- Marketing executive
- Image promoter and customer care executive
Some of the top retail companies are as follows
- Reliance Group
- Big Bazaar
- ITC Retail
Salary Offered after MBA in Retail Management
After MBA in Retail Management, a fresher can expect the salary package of INR 4 lacs per annum. Like other fields, salary will depend upon experience and the company in which a candidate in working. An experience individual can earn upto INR 7 lacs per annum.
Eligibility Criteria for MBA in Retail Management
Students who have successfully passed the bachelor examination from any recognized institution are eligible for admission into this course. Appearing candidates may also apply. It is essential for the candidate to secure at least 45% aggregate marks in graduation in order to be eligible for admission. In case of SC/ST, the minimum required marks are 45%.