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Elina
03 February, 2025
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“The retail sector in India is expected to reach around US$ 2 trillion in value by 2032– Boston Consulting Group (BCG).”
Do you like traditional shopping, or do you enjoy online shopping? Well, sometimes it depends on what you want to buy, whether it’s groceries or buying clothes. In the shopping world, transformations are happening very fast. Currently, people make payments for purchases at retail outlets, not taking into account whether they are done online or in a physical store.
TWithin the broader field of management, retail management is a subdiscipline that deals with managing, distributing and sales of goods to customers directly. The goods reach the designated locations such as malls, homes, shops, and chain stores. This blog discusses the ins and outs of an MBA in Retail Management. Furthermore, you can see course highlights, scope, admission process, eligibility, fees, etc.
Some retail jobs require a lot of inter-team communication, time management, product knowledge, and more. These skills can be acquired once you enroll yourself in an MBA in Retail Management. Do you enjoy being busy and meeting new people? Serving as a sales assistant and communicating with customers can fulfil your thirst for serving customers and increasing the revenue of the business.
India’s retail market is booming!
This growth is powered by:
An MBA programme in Retail Management is a two-year postgraduate programme that teaches students retail processes and management techniques. Once you complete this MBA programme, you can apply for jobs in the retail industry. While doing the programme you may develop skills like retail sales strategies and communication. An MBA programme in retail management teaches students about various aspects of management. In addition, it assists your professional journey and guides you on how to bring people together to achieve a common goal. When management concepts are combined with retail business studies, it results in a specialised MBA programme in retail management.
Retail management includes several stages, such as product manufacturing, transportation, and logistics, as well as placing the final product in the store for customers to purchase.
| Course Details | Information |
|---|---|
| Course Name | Master of Business Administration in Retail Management |
| Course Level | Postgraduate |
| Course Duration | 2 years |
| Eligibility Criteria | Graduation with 50% (Some colleges/universities offer discounts and off for reserved categories) |
| Age | No age bar |
| Entrance Exams | CMAT, XAT, CAT, MAT, GMAT |
| Top Recruiting Areas | Banking Institutes, Healthcare Industry, Educational Institutes, Retail Operations, and more. |
| Average Fees | INR 3 LPA to 25 LPA* |
| Average Salary | INR 50,000 – INR 30 LPA* |
| Top Colleges | Chitkara University, Parul University, ITM Business School, Mumbai |
| Top Recruiters | Amazon, Flipkart, ITC Retail, Reliance Group, Lifestyle International, Zomato, Nestle. |
| Job Profiles | Retail Manager, Sales Manager, Sales Head, Fund Manager, Merchandiser, Retail Executive, Logistics Manager, Operations Manager, Advertising Manager, Administrative Officer, Marketing Manager, Senior Operation Manager, Store Manager, Regional Manager, Sales Manager, Brand Manager, etc. |
Scope of MBA in Retail Management growing drastically. Opting for an MBA in Retail Management is a great choice for your career. Since it can open up various career opportunities for you in the retail sector.
An MBA in retail management helps you understand how stores and businesses work. In addition, you can study people’s shopping behaviour and their likes and dislikes. Once you complete this prominent MBA programme, you can set up your store. Furthermore, you can assist different businesses in expanding their store chain and help them achieve their business targets.
The admission procedure for an MBA in retail management varies from institution to institution, but it generally remains the same in most of the colleges. Some colleges focus on the overall merit score and past academic performances, whereas others focus on the candidate’s overall profile.
Its process starts by conducting an entrance examination, like CAT, XAT, MAT, CMAT, GMAT and SNAP. The score obtained by the students in the exams acts as a stepping stone. Followed by group discussion and personal interview (GD-PI) sessions to select the finest candidate.
Also Read: Online MBA Courses: Complete Guide
The eligibility criteria may differ based on institute location, seats, etc. You have to verify the eligibility criteria before taking admission to an MBA in Retail Management.
📌 Note: If you want admission in this specialisation you must score a minimum cutoff in the examination, specified by the institute/university. Some colleges might focus on your merit score, while others focus on the overall profile and resume. Some institutions emphasise work experience of at least one year before applying for an MBA programme.
Admission to top MBA institutions in India can be achieved through various entrance exams. The entrance exams are conducted by various national-level conducting bodies. Marks obtained in these exams determine your ranking. You can even take multiple entrance exams. Below is a list of some prominent MBA entrance exams conducted in India.
If you are willing to pursue full-time mode or part-time mode, you can choose from the varieties of MBA Retail Management: Online, Distance, Part-time and Full time MBA. You can choose anyone according to your comfort and career goals.
Here you can see the semester-wise syllabus of the MBA in retail management. There are 4 semesters in 2 years.
The year-wise syllabus of the online MBA in Retail Management is as follows:
| Semester 1 | Semester 2 |
|---|---|
| Principles of Management and Organisational Behaviour | Financial Management |
| Accounting for Managers | Retail Concepts Management |
| Business Economics | Human Resource Management |
| Quantitative Techniques | Quantitative Techniques II |
| Marketing Management | Consumer Behavior |
| Retail Business Environment | Operations Management |
| Business Communication | Retail Product and Brand Management |
| Excel Lab for Business | Business Research Methods |
| Semester 3 | Semester 4 |
|---|---|
| Retail Promotion Management | Category Management and Private Label |
| Supply Chain Management | Retail Analytics |
| Retail Store Management | International Retailing |
| Customer Handling with CRM | Rural Retailing |
| E-Commerce and E-Retailing | Retail Strategy and Franchising Management |
| Services Management | Buying and Merchandising Management |
| Sensory Marketing | Visual Merchandising |
| Retail Entrepreneurship Development | Project Work |
| Summer Internship | – |
| Name of Regular Colleges | Fee Structure |
|---|---|
| Chitkara University | INR 3,30,000 |
| Parul University | INR 81,550 (Annually) |
| ITM Business School, Mumbai | Not disclosed |
| Jaipuria Institute of Management | INR 14,75,000 |
| Name of Online Colleges | Fee Structure |
|---|---|
| Chandigarh Online (UGC, NAAC A+) | INR 1,58,000 (After early bird discount) |
| D Y Patil University Online (UGC, NAAC A++) | INR 1,70,000 |
| Online Manipal (UGC, NAAC A+) | INR 1,75,000 |
| Symbiosis Centre for Distance Learning (UGC, NAAC A++) | INR 65,000 |
| Shoolini University (UGC, NAAC A+) | INR 19,750 per semester |
| Top Recruiters | Top Recruiters |
|---|---|
| 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 Profile | Average Salary* |
|---|---|
| Retail Manager | INR 5-21 LPA |
| Brand Manager | INR 6-25 LPA |
| Product Manager | INR 6-24 LPA |
| Warehouse Manager | INR 5-20 LPA |
| Merchandiser | INR 5.5 – 15 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.
Retail management is the process of improving sales and customer satisfaction through consumers’ understanding of the goods and services produced.
The advantage of pursuing an MBA in Retail Management is determined by your career goals, interests, and specific requirements. To put it in simple words, an MBA in Retail Management can help you stay up to date on the latest trends, technologies, and practices in the industry, making you an asset.
Lastly, you can also discuss and connect with professors, classmates, and industry professionals, which can lead to good job opportunities and partnerships in the retail sector. Hence, MBA in retail management is worth to do
There are various job opportunities after completing your MBA in retail management programme. Retail management offers many career opportunities in operations management and business administration. The base pay range of a retail manager ranges from INR 5 lakh to INR 25 Lakhs.
Some of the job roles available for graduates after completing an MBA in Retail Management are sales executive, customer care executive, store manager, image promoter, retail manager, merchandiser, brand manager, supply chain manager, lobby manager, etc.
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