MBA in Retail
Management
Management is the art which brings different people together
and getting them to work towards a common objective or target. When this idea
applied to the retail business is called management in retail.
MBA in Retail Management is a brand new specialization in
the management course. Due to the increasing of logistics and retail market,
the requirements of graduates of this specialisation are high. The duration of
the program is usually two years with the fee Starting from 2,50,000/- and onwards.
There are many objectives that a retail manager needs to do
on a daily basis like make a routine sales report, check if all the products
stocks every day, plan the store layout, keep a record of all the products available
in the store etc.
Retail business is increasing with people coming up with new
and innovative ideas to get customers and this is the right time to step into
this industry. Many companies look for a retail manager – Tata Group, ITC
Retail, Reliance group, Shoppers Stop etc. all have a need for students with an
MBA in Retail Management and skills
However, MBA graduates will need to work hard, almost 45 –
50 hours weekly. Usually, their work will be in the store or retail shop that
they have assigned the indoor works also.
MBA in Retail
Management Eligibility Criteria and Admission Process:
The eligibility criteria for MBA in Retail Management are
listed below:
* Candidates should have completed your graduation with at
least a 50% aggregate score.
* Admissions to the master’s programme are based on CAT,
MAT, GMAT and other management entrance tests.
* On the basis of MBA entrance exam score and the
corresponding cut-off for different MBA in Retail Management colleges, you are
further required to take part in the group discussions, viva voice, written
ability exams and personal interviews.
* Any work experience and participation is an added
advantage for any candidate.
MBA in Retail
Management Job Opportunities:
The different job options which one can choose to after
pursuing MBA in Retail Management are as given below:
* Professionals with an MBA in retail management degree can
apply for both government and private sector jobs.
* There are a large number of jobs available in MNCs for MBA
candidates.
* Candidates can apply for jobs roles like:
* Product Manager
* Marketing
Executive
* Sales Manager
* Sales Executive
* Product
Executive
* Retail Manager
* Store Manager
and many more.
MBA in Retail
Management Salary:
Salary that graduates of MBA in retail management gets in
the between 3 to 6 lakhs per annum, also depending on
the Institute of passing and the recruiting companies also, this is not a fixed
range of salary. A lot of preference is given to the capabilities of the
students and the salary also depends on the company. Prepare and equip yourself
with the necessary tools to get a smart salary.
The salary of middle level executives is around 7 lakhs or 12 lakhs per year.
Usually, fresher’s start with a lower package when compared
to experienced employees. Many companies pay up to ₹25 lakhs
per annum to their experienced brand managers.
Brief Summary
Course Name |
MBA in Retail Management |
Duration |
two years |
Level -Degree/Diploma |
Degree |
Eligibility |
Graduation with at least 50% and clearance of national level
management test like CAT/MAT/CMAT/XAT/GMAT with above 80 % |
Key Skills Required |
Communication skills, creative, management skills, stress management,
confidence etc. |
Expected fee |
Between ₹2,50,000-₹ 10,00,000 |
Average Starting Salary |
Between ₹30,000-₹60,000 |
Admission process |
Online or Offline |
Top recruiting companies |
Amazon, Flipkart, ITC Retail, Reliance Group, Lifestyle
International, Ebony Retail holdings, Avenue Supermarts Ltd, Kewal Kiran
Clothing Ltd or many more. |