The Master of Business Administration (MBA) in Retail Management program provides expertise in retail management. In order to streamline the retail process, this program provides training and knowledge of basic management skills.
The program teaches students the fundamentals of retail management and equips them with the skills to handle retail business at the management level. The course covers all aspects of the retail industry, from purchasing goods from manufacturers to placing them on store shelves.
Retail management involves many stages, from manufacturing the product, transporting the product, and logistics to placing the finished product in the store where customers can buy it. In short, a retail manager ensures that the retail process continues without a hiccup and that customers can purchase the necessary items.
Also, students learn various strategies to streamline the retail market through a specialized MBA program in Retail Management. Additionally, it instructs individuals on enhancing the retail process by facilitating the integration of software necessary for retail operations.
ShikshaGurus is a platform where students can find various online and distance learning courses from the best universities in India. Our team of experts and professionals carefully chooses all universities; only UGC-approved Universities are on our platform. Using the platform, the student can get the desired course details, compare the course with similar courses offered by other universities and finally choose the best-suited university from the available options.
Further, the program is a specialized program that trains students to become experts in the retail industry or better future professionals in charge of developing retail strategies and policies.
Some of the Top Universities (UGC approved) offering MBA in Retail Management:
The retail sector comprises numerous businesses that provide opportunities for individuals to search for job positions post-program. Further, there are several e-Commerce companies, where candidates can apply after an MBA in Retail Management:
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Yes! The market for online retailing is expanding at a remarkable pace, with approximately a quarter of all retail sales now taking place online.
Yes! According to Statista, a market data provider, retail sales through smartphone online transactions exceed $345 billion in 2022.
The salary post MBA Retail management depends on various factors such as University, skill-set, location, company among other factors. However, a general estimate of retail professionals at different career levels is mentioned below –
Experience Level | Average Salary (in INR Lakhs per annum) |
---|---|
Freshers (0 years) | 4 to 7 LPA |
3 years experience | 7 to 10 LPA |
5 years experience | 10 to 14 LPA |
7 years experience | 14 to 20 LPA |
10 years experience | 20 LPA and above |
Salaries for those who graduate with an MBA in retail management typically range from 3 lacs to 6 Lacs pa and vary based on the institution attended and the employing company. Further, as you gain experience, the salary also increases.
The most popular MBA colleges for Retail Management are:
The MBA Retail from IGNOU is good but tough to clear. Further, the MBA in Retail Management from Indira Gandhi National Open University (IGNOU) is a 2-year PG program in which you will learn about retail concepts, marketing, merchandising, label management among other topics.
Distance learning and online universities accept students for MBA retail with 50% marks in graduation. Furthermore, a further 5% relaxation in eligibility is given to candidates from reserved category.
For Distance learning and Online universities, the fees range of MBA retail is around 60K to 4 lakhs. However, for regular universities the fees for MBA Retail is in the range of 4 lakhs to 12 lakhs.
Retail is one of the fastest growing sector in India. Further, with a large middle class base and the growth of e-commerce, retail has become one the brightest sector in India.
With an MBA in Retail students can take benefit of this massive surge of growth in the retail sector.
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