Narsee Monjee Institute of Management Studies (NMIMS) offers a distance program of MBA in Retail Management. The two-year program has four semesters. Further, to become an expert in the retail industry, the course curriculum is set up so that students earn academic excellence. Master in Business Administration (MBA) specializing in Retail Management focuses on providing students with knowledge and skills in the retail industry. Furthermore, students learn about key areas that need to be specialized to become an advantage in the retail industry. Such key areas include retail operations, customer behaviour, marketing, analytics, finance, entrepreneurship, etc.
The professional provides expertise, help and support to the students by imparting theoretical knowledge. NMIMS (Narsee Monjee Institute of Management Studies) is a distance learning centre that offers a distance MBA (Postgraduation Diploma) in Retail management. There are various subjects taught during the four-semester course curriculum. Such subjects are Management Theory and Practice, Marketing Management, Business Economics, Business Law, Strategic Management, Sales Management, Global Retailing, etc. Moreover, NMIMS (Narsee Monjee Institute of Management Studies) has experienced faculty and experts in various industries who guide in every possible way.
Further, they make students experts in various tasks necessary for the retail industry. Such tasks include providing sales and customer service, merchandising, inventory management, store operation, marketing, advertising, e-commerce, online retail, supply chain management, store design and layout, etc.
The global institute has provided benefits to students through distance education. Students can now upskill themselves at their convenience. Moreover, the university’s online portal has recorded lectures, an e-learning platform, and study material. Moreover, some sessions include interaction with faculty to clear doubts.
A Distance MBA (Post Graduation diploma) in retail management resolves vast issues of various distribution channels. Such issues include effective supply chain management, demanding forecasting, inventory management, optimized distribution network, returns management, etc.
Distance MBA (Post Graduate Diploma) in Retail Management is for students who-
- Students with a strong retail management foundation can build up and enhance their information to become an asset in the industry.
- Students who want to get a strong career in the retail industry. Further, career options like retail store manager, retail buyer, retail analyst, e-commerce manager, retail franchise manager, etc.
- Students want to become business owners. They can start up their own business in the retail industry after completing post graduate degree in retail management.
- Students have strong problem-solving, analytical thinking, and critical analysis skills.
- Students with leadership qualities must use their skills to become an asset in retail management.
About NMIMS (Narsee Monjee Institute of Management Studies)
NMIMS, or Narsee Monjee Institute of Management Studies, was set up in 1981. Further, it was awarded as a ‘deemed-to-be-university’. The university provides programs in various disciplines. There are undergraduate, postgraduate, and diploma courses. Moreover, they provide other disciplines like human resources, finance, retail management, digital marketing, operations management, etc. There are almost more than 1,56,000 students onboard with the university programs. Several recruiters have partnered with NMIMS (Narsee Monjee Institute of Management Studies). Further, a few recruiters are Aexonic, Kalkine, TATA, Trans Asia Group—Essel, Bajaj, Indiamart, Jindal Steelway, Cafe Coffee Day, etc. NIRF ranks the university among the top 100 universities (National Institute Ranking Framework). Furthermore, it has been graded ‘A++’ by AICTE (All India Council for Technical Education).
The admission process for NMIMS (Narsee Monjee Institute of Management Studies) distance learning is very simple. Firstly, students need to fill up the registration form and pay the online form fees. Furthermore, students will receive an email for uploading the documents.
The important documents that need to be submitted are academic documents, photo identity, work experience (if any), passport-size photographs, etc. At last, students need to pay fees through an online mode of payment. Along with this, a loan facility is available at NMIMS without a credit card.
EMI facilities are also available via online payment using the cards of HDFC, ICICI, HSBC, Kotak Mahindra Bank, Axis Citi Standard, and Chartered.
The eligibility criteria for distance MBA (Postgraduation diploma) in Retail Management are that students must have a bachelor’s degree (10+2+3) in any discipline from any recognized university or an equivalent degree recognized by the Association of Indian Universities (AIU)
- With a minimum score of 50% of marks for the general category
- And 45% for the reserved category.
Career opportunities after a Distance MBA (Postgraduation diploma) in Retail Management:
The Future of Retail report by Deloitte predicts that by 2030, modern retail, including malls and supermarkets, will more than double to $230 billion, while online retail will grow 2.5 times from $70 billion in 2022 to $325 billion (Source: Live mint). Therefore, it will open numerous job opportunities for the youth in Retail sector. Hence, several career opportunities after NMIMS (Narsee Monjee Institute of Management Studies) Distance MBA (Post graduation Diploma) in Retail Management program are-
Retail Marketing Manager
The work of a retail marketing manager is to oversee and manage marketing in the retail industry. They make strategies and implement them for selling products and increasing services. Furthermore, they execute advertising campaigns and create offers and ways to promote their company’s sales.
They ensure budgeting and find ways to achieve marketing objectives effectively. Moreover, they work closely with suppliers, manufacturers, and brand partners for improved marketing strategies, joint promotions, and exclusive product launches.
The work of a retail analyst is to analyze data and trends in the market to provide valuable insights to the company. After that, they make informative decisions and suggestions for improving the retail industry. Further, they work on various tasks that are necessary to be fulfilled by retail analysts. Such work includes data collection, analyzing sales and performance, researching the market, analyzing customer behaviour, managing inventor, etc. Also, other works include analyzing pricing and promoting, forecasting, planning, reporting, and monitoring performance.
One can choose to be a Retail Entrepreneur after MBA (Post graduation Diploma)in Retail Management. The work in retail entrepreneurship is managing the business of retail by themselves. Students can start up their own business in the retail industry. Furthermore, they set up strategies to attract customers and develop the business field. They should have adaptable personalities to manage fluctuations and accept new challenges in the business field.
Moreover, they must have soft skills like communication skills, customer service orientation, empathy, teamwork, leadership qualities, problem-solving skills, time management, etc.
Retail Training and Development Manager
The work of the retail training and development manager is to design, implement and manage training programs and campaigns for introducing new capabilities in students. Further, they must have abilities in training program design, developing curriculum, customer service training, product knowledge training, sales techniques, etc.
Moreover, they must have strong communication, organizational, and leadership skills, etc.
Retail Customer Experience Manager
The work of a retail customer experience manager is to oversee customers’ experience and then focus on creating an environment that is positive and customer-friendly.
Furthermore, they look after key important responsibilities for retail customer experience managers. Such responsibilities include customer journey mapping, customer service improvement, store environment, customer feedback and surveys, customer loyalty programs, staff training, etc.
Additionally, there are various career opportunities, including Retail store manager, Retail operation manager, Retail buyer or category manager, merchandiser, E-commerce Manager, Retail consultant, etc.
NMIMS (Narsee Monjee Institute of Management Studies) University allows students to upgrade their analytical and practical skills. Moreover, students will become an asset in the retail industry after a distance MBA (Postgraduation Diploma) in Retail Management from NMIMS (Narsee Monjee Institute of Management Studies).