M.B.A - Retail Management

Overview

The MBA in Retail Management is generally a 2 year PG course that offers training and know-how of key managerial skills that are required to streamline the retail process.  It equips students with the management abilities necessary in the retail sector and enhances their leadership and entrepreneurship skills. It can be offered as a specialization or an elective course in the second year of an MBA program that can open up an avenue to a wide array of career opportunities in the retail industry.

Students typically need a bachelor's degree from a recognized university to be eligible for an MBA in Retail Management. Students who have completed their graduation with 50 percent marks from a recognized university are eligible to apply for an MBA in Retail Management admission. Candidates interested in taking up an MBA in Retail Management can appear in several national and state-level entrance exams like CAT, XAT, NMAT, MAT, SNAP, and CMAT. The MBA in Retail Management fees in India range between INR 50,000 and INR 5 lakh.

The duration of the course can range from two to five years, depending on the program. Online MBA programs offer flexibility in terms of schedule and location. Students can access course materials, recorded lectures, and assignments through online learning platforms.

Topics covered in an MBA in Retail Management program include Marketing Strategies, Supply Chain Management, Financial Management, and Consumer Behavior.

Graduates of an MBA in Retail Management program can work in a variety of roles, including Store Manager, Retail Sales Associate, Visual Merchandiser, Retail Buyer, and more.

Some institutions that offer an MBA in Retail Management program include DY Patil University, IGNOU, and Chitkara University.

 
Some Highlights of  M.B.A  Retail Management:

Top Colleges Offering  M.B.A  Retail Management :

• BIMTECH - Birla Institute of Management Technology
  
• Amity Global Business School Noida
  
• Galgotias University
  
• Jaipuria Institute of Management
  
• Graphic Era Deemed to be University
  
• Indus Business Academy
  
• Footwear Design and Development Institute (FDDI Chennai)
  
• Institute of Management & InformationScience
  

Why Choose M.B.A Retail Management?

Pursuing an M.B.A in Retail Management offers numerous advantages and exciting opportunities. Here are several compelling reasons to consider this path:

• Growing Retail Industry: The retail sector is one of the largest and fastest-growing industries globally. An M.B.A in Retail Management positions you at the forefront of this dynamic field, providing ample career opportunities and job security.
  
• Diverse Career Opportunities: Graduates can explore a wide range of career paths, including roles such as Retail Manager, Store Manager, Category Manager, Merchandising Manager, Supply Chain Analyst, and E-commerce Specialist. These roles are available in various settings, from large retail chains to niche boutiques and online marketplaces.
  
• Strategic Skills Development: The program equips you with essential skills in retail operations, merchandising, supply chain management, marketing, and customer relationship management. These skills are crucial for managing and optimizing retail businesses effectively.
  
• Consumer Insights: You will gain a deep understanding of Consumer Behavior, Market Trends, and Retail Analytics. This knowledge allows you to make data-driven decisions that enhance customer satisfaction and drive business growth.
  
• Technological Integration: The retail industry is rapidly evolving with the integration of technology. An M.B.A in Retail Management covers the latest trends in Retail Technology, including E-commerce, Omnichannel Retailing, and Digital Marketing Strategies.
  
• Leadership and Management: The program focuses on developing your Leadership and Management abilities. You'll learn how to Lead teams, Manage operations, and Drive strategic initiatives, preparing you for Senior Management and Executive roles.
  
• Financial Acumen: Retail management involves significant Financial Planning and Analysis. You'll acquire Financial Management Skills that are essential for budgeting, forecasting, and improving the financial performance of Retail businesses.
  
• Networking Opportunities: The program provides opportunities to connect with Industry Professionals, Alumni, and fellow students. These connections can be valuable for mentorship, career advice, and future job opportunities.
  
• Global Perspective: Retail is a global industry, and an M.B.A in Retail Management often includes a focus on International Retail Markets. This global perspective is beneficial for those looking to work with multinational companies or explore opportunities abroad.
  
• Innovation and Creativity: The Retail industry thrives on innovation. You'll be encouraged to think creatively and develop innovative solutions to address challenges and capitalize on new opportunities in the retail landscape.
  
• Entrepreneurship: If you have entrepreneurial aspirations, an M.B.A in Retail Management provides the knowledge and skills needed to start and run your own retail business successfully.
  
• Impact on Society: Retail businesses play a significant role in shaping consumer behavior and influencing market trends. By pursuing a career in retail management, you have the opportunity to contribute to the industry's growth and make a positive impact on society.
  

If you have a passion for the retail industry, enjoy working in a dynamic and fast-paced environment, and aspire to develop strategic management skills, pursuing an M.B.A in Retail Management can be an excellent choice

Admission Procedure For  M.B.A  Retail Management:

The admission process for an MBA in Retail Management in India typically involves the following steps:

• Candidates must have a bachelor's degree from a recognized university with a minimum aggregate of 50%. For reserved category students, the minimum aggregate is 45%.
• Candidates must take and pass an entrance exam. Common entrance exams for MBA programs in India include the Common Admission Test (CAT), the Management Aptitude Test (MAT), and the Graduate Management Admission Test (GMAT).
• Depending on the university's requirements, candidates may be called for a Personal Interview and Group Discussion after the entrance exams.
• Candidates are selected based on their entrance exam score and their qualifying exam marks.
• Some colleges may have additional selection parameters, such as academic performance.

Eligibility For M.B.A  Retail Management  :

• Candidates must possess a UG degree from a recognized university.
  
• They must score a minimum aggregate of 50% to 60% in their graduation but this keeps on changing from institute to institute.
  
• A relaxation of 5% is given to the candidates belonging to the SC/ ST/ PwD section for admission into this course.
  

Career Opportunities for M.B.A  Retail Management:

The scope in Retail Management is vast and promising. With the retail industry experiencing rapid growth, there is a high demand for skilled professionals in this field.

An MBA in Retail Management can provide you with a range of career opportunities in India's dynamic retail sector. The retail industry in India has been growing steadily, and with the increasing consumer demand and changing market dynamics, there are several career prospects for individuals with expertise in MBA in Retail Management.

Retail management refers to the process of helping customers find products in your store. It includes everything from increasing your customer pool to how products are presented, and how you fulfill a customer's needs. A good store manager helps customers leave the store with a smile.

A career in MBA opens a wide variety of opportunities across different sectors, which includes Management, Finance, Marketing, and Operations allowing the graduates to thrive in various sectors such as Finance, Healthcare, Merchandising, E-Commerce, Consulting, Supply Chain Management, and more.

 Retail Management is a solid career choice for those interested in the intersection of Commerce, Customer Service, and Leadership. It offers the chance to develop a broad skill set, from sales expertise to team management and problem-solving.

Jobs Opportunities After M.B.A  Retail Management:

• Store Manager
  
• Marketing management
  
• Merchandising
  
• Product Management
  
• Sales Manager
  
• Customer Care Executive
  
• Supply chain management
  
• Human Resources
  
• Branch Manager
  
• Brand management
  
• Financial Management
  
• Investment banking
  
• Project manager
  
• Purchasing Manager
  
• Retail Consultant
  

Top Recruiters of M.B.A  Retail Management:

• Amazon
  
• Croma
  
• ITC Hotels
  
• Philips India
  
• Reliance Jio
  
• Taj Group of Hotels
  
• Blue Star
  
• Canon
  
• eBay
  
• Grofers
  
• Havells Limited
  
• HCL
  
• Nestle
  
• Panasonic
  
• Flipkart
  
  

Syllabus For M.B.A  Retail Management:

Semester I

Principles of Management
Marketing Management
Retail Operations Management
Financial Management
Human Resource Management

Semester II

Retail Merchandising
Consumer Behavior
Retail Information Systems
Supply Chain Management
Strategic Management

Semester III

Retail Strategy and Planning
Visual Merchandising and Space Planning
Retail Sales Techniques and Promotion
International Retailing
Research Methodology

Semester VI

Retail Analytics and Big Data
E-commerce and Digital Marketing
Customer Relationship Management
Retail Innovation and Entrepreneurship
Capstone Project/Thesis