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Elina
10 August, 2024
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“People like consistency. Whether it’s a store or a restaurant, they want to come in and see what you are famous for.” ―Mickey Drexler
Do you shop from Amazon, Bigbasket and Pantaloons? Well, in this digital age, we all are hooked on online shopping and are connected to the retail industry one way or the other.
The retail industry is a vast domain including shops, chain stores, markets, malls and online shopping. It is a tertiary sector that directly deals with the distribution and selling of products directly to consumers. If you are someone fascinated by the retail industry and want to manage and lead within this sector, then an online MBA in Retail Management can be an excellent programme to pursue.
Retail field is closely linked with other business management disciplines such as international business, marketing and logistics, supply chain management, operations management and fashion merchandising. Let’s explore more about online MBA in Retail Management and see why it is a worthy career stream for growth and advancement.
If you are choosing to pursue an MBA in Retail Management, then the programme can be extremely beneficial and rewarding in terms of career growth, skill development and new job opportunities.
Some of the highlighted reasons to choose an online MBA in Retail Management are as follows:
The program offers you in-depth knowledge about the retail sector, its management, and the changing dynamics in which it operates. Students learn how to promote merchandise, organise employees, handle customer service, and supervise inventories.
It is a cost-effective learning programme that allows you to study from the comfort of your home and in-flexible schedules, making it easier for you to balance work, study and personal commitments.
It equips candidates to make a career in retail business and management by honing leadership and strategic planning skills. This allows the professionals (MBA graduates) to effortlessly handle managerial and executive roles in retail organisations.
Online MBA in Retail Management helps candidates build a strong professional network of peers, mentors, and industry professionals which leads to career advancement and better work opportunities.
The program offers valuable hands-on experiences with projects, seminars, industry talks, and internships. It also prepares the aspirants to stay competitive and stand out in the market.
Also Read: Online MBA Courses: Complete Guide
To apply for an online MBA in Retail Management students must fulfil the following eligibility criteria:
| Particulars | Details |
| Academic Qualifications | All candidates applying for an online MBA in Retail Management must hold a graduation degree in any discipline from a UGC-recognised university. |
| Marks Criteria | The candidates must score a minimum of 40% in the graduation or overall 50 %+ in 3 Years of Polytechnic Diploma from recognised Board. Many colleges take the separate admission test for students to become eligible for the program. |
| Age Limit | There is no age limit. |
| English Proficiency | If English is not your first language then you might need to take an English Test. |
Online MBA in Retail Management is one of the specialised management programmes that teaches how retail businesses operate and how to effectively manage various aspects of retail operations.
Many recognised colleges in India offer online MBAs in Retail Management, allowing working professionals and students to understand market trends and tackle challenges in the retail sector.
Some of the top colleges offering online MBA in Retail Management are as follows:
| Name of the College | Course Name | Programme Fees |
| Jain University Online | Online MBA in Retail Banking Operations | ₹1,70,000/- |
| DY Patil University Online | MBA in Retail Management (RM) | ₹1,70,000/- (for Indian Students) ₹ 3,50,000/- (for International Students) |
| Chandigarh University Online | MBA in Retail Management | ₹1,50,000/- |
| Parul University Online | Online MBA in Retail Management | ₹1.50,000/- |
| Symbiosis International University – Distance Learning | Post Graduate Diploma in Retail Management | ₹ 65,000/- (for Indian Students) $1811 (for International Students)$1500 (for SAARC Students) |
The syllabus for an online MBA is typically designed to cater to future industry leaders and entrepreneurs. It comprises a blend of core business principles along with advanced leadership strategies and practical applications. The syllabus primarily focuses on real-world case studies, industry-focused learning and interactive projects.
The year-wise syllabus of the online MBA in Retail Management is as follows:
| 1st Year – Course Syllabus of Retail Management | |
| Management Information System | Cost and Management Accounting |
| Principles of Management | Financial Management |
| Business Statistics | Human Resource Management |
| Accounting for Managers | Research Methodology |
| Business Economics & Environment | Marketing Management |
| Organisational Behavior | Operation Research |
| Employability Skills – 1 | Employability skills – 2 |
| Elective -1 (Select any One) | Elective – 2 (Select any One) |
| 2nd Year – Course Syllabus of Retail Management | |
| Legal Aspects of Business | Strategic Management |
| Comprehensive Project | Summer Internship Project |
| Strategic Retail Management | Retail Buying Behaviour |
| Retail Analytics | Business Ethics and Corporate Governance |
| New Enterprise and Innovation Management | Comprehensive Project |
| Retail Brand Management | Retail Logistics |
| Electronic Commerce | |
Source: Syllabus @ Parul University
The retail industry is rapidly growing and adapting to the latest market trends. Thus, it is opening doors for diverse job roles across different domains, such as supply chain management, digital commerce and customer support. Big retail giants and eCommerce are actively seeking graduates who can bring innovative approaches and optimise retail and operations.
Some of the top recruiters for online MBA in Retail Management in India are as follows:
| Top Recruiters For Online MBA in Retail Management | |
| Lifestyle International | Flipkart |
| Reliance Retail | Walmart India |
| Aditya Birla Retail | Amazon India |
| Shoppers Stop | Snapdeal |
| Hindustan Unilever Limited (HUL) | Myntra |
Some of the popular retail job profiles for MBA graduates and their salaries are shared below. The salaries listed may vary depending on location, organisation, and level of experience.
| Job Profiles | Average Salary |
| Retail Manager | INR 2.4 LPA – 7.1 LPA |
| Supply Chain Manager | INR 3.0 LPA – 29.7 LPA |
| E-commerce Manager | INR 2.3 LPA – 20.0 LPA |
| Retail Analyst | INR 2.6 LPA – 18.0 LPA |
| Customer Relationship Manager | INR 1.5 LPA – 7.4 LPA |
| Marketing Manager | INR 2.4 LPA – 24.5 LPA |
Also Read: Distance MBA in Retail Management: The Complete Guide
Retailing is a dynamic industry that has grown by a whopping 30% over the last 10 years. Due to the wide variety of job roles and global job opportunities, MBA graduates are becoming more and more inclined towards this programme. According to recent surveys, an online MBA in Retail Management offers more than 2 million job opportunities across the globe.
So, if you are a graduate and planning to take up managerial roles in retail businesses or start your own retail brand, it’s high time to enrol in an online MBA in Retail Management to gain the necessary knowledge, expertise and skills. Remember that an online MBA in Retail Management not only offers you thorough industry knowledge about the field but also prepares you to stand out in the market.
In the current business scenario, the demand and exposure in the retail industry are growing with every passing year. And thus, there is an increasing number of job roles emerging for skilled professionals who can handle managerial positions and drive innovation within the sector.
Some of the good companies that hire MBA Retail Management graduates are as follows:
Amazon
Walmart
Macy’s
Nike
Reliance Retail
H&M
After earning an MBA degree in Retail Management, an individual can apply for a variety of job roles such as:
Store Manager
Supply Chain Manager
Marketing Manager
Product Manager
Retail Consultant
E-commerce Manager
A retail manager has a wide range of responsibilities including recruiting, training, managing budgets, maintaining financial records and supervising his staff.
