MBA in Retail Management Colleges, Job Opportunities and Salary Scope

Simran Saini
Simran SainiPublished On: August 05, 2020 | CAT

One of the popular MBA specialisations, MBA in Retail Management takes into account aspects such as brand marketing and other dynamics of retail. Explore the list of MBA in Retail Management colleges, MBA Retail Management jobs and expected salary below.

MBA in Retail Management

Retail management is one of the most flourishing industries in the country today. It is defined as the process of successfully bringing the customer to the store and fulfilling his/her needs. With the globalization hitting the market, there has been a phenomenal change in the way retail now works in the country. Retail management focuses on the study of retail businesses. It also focuses on the managerial skills and qualities to make aspirants future-ready for the ever-changing retail market.

Earlier, retail management was limited to grocery shops, singular garment outlets and now to huge malls, supermarkets, and marts. Not only has this made shopping effortless, but has also created new employment opportunities such as brand manager, product manager etc.

Although there are many undergraduate courses in the management field which you can pursue such as Bachelor of Business Administration (BBA), Bachelor of Business Management (BBM) etc. to start your career in the field, pursuing an MBA in Retail Management specifically will equip you with skills and traits that employers look for while hiring retail managers or store managers. Learn in detail about MBA in Retail Management below.

Table of Contents
  1. What is MBA in Retail Management?
  2. MBA in Retail Management: Eligibility Criteria and Admission Process

  3. MBA in Retail Management: Required Skills

  4. Top Colleges Offering MBA in Retail Management in India

  5. MBA in Retail Management Subjects

  6. MBA in Retail Management: Job Opportunities

  7. MBA in Retail Management: Salary

What is MBA in Retail Management?

Let's take a quick look at what MBA in Retail Management is all about

Name of the Programme MBA in Retail Management
About the Programme

MBA in retail management is a study of brand marketing, production strategy and dynamics of the retail.

Popular Areas of Study
  • Accounting
  • Communication
  • Financial Management
  • Merchandising
  • E-Retailing
  • Economics
  • Branding
  • Consumer Behaviour
  • Fundamentals of Retailing
Fees

Annual fees for MBA in Retail course can vary from Rs. 3 lakh - Rs. 20 lakh. Fees for an MBA programme is comparatively less than PGDM.

Selection Criteria

Selection is based on grades in bachelor’s degree and MBA entrance exams such as CAT, CMAT, SNAP, MAT etc. conducted/accepted by the respective universities.

Duration2 years

Also Read: Steps to Follow for Admission to Top MBA Colleges

    MBA in Retail Management: Eligibility Criteria and Admission Process

    Listed below are the eligibility criteria for MBA in Retail Management:

    • You should have completed your graduation in any discipline with at least a 50% aggregate marks.
    • Admissions to the master’s programme are based on CAT,MAT,GMAT, XAT, SNAP, and other management entrance exams.
    • Based on your MBA entrance exam score and the corresponding cut-off for different MBA in Retail Management colleges, you are further required to take part in the group discussions, viva voice, written ability test and personal interview.
    • Any relevant work experience and participation is an added advantage for any aspirant. 

    MBA in Retail Management: Required Skills

    What are the skills required for pursuing MBA in Retail Management? Find out here

    • The ability to provide customers with a great experience is one of the foremost qualities that is looked for by a recruiter.
    • Good communication skills and effective time management are equally important in the retail industry.
    • If you can empathize with the customer and understand his/her needs after careful assessment, you can emerge as a good retail manager.
    • Apart from these, you shall also be able to motivate your team to work closely and support each other in times of need. 

    Top Colleges Offering MBA in Retail Management in India

    CollegeDekho has made a list of the top MBA in Retail Management colleges in India. Take a look at the colleges:

    Colleges

    Location

    Annual Fee (INR)

    Narsee Monjee Institute of Management Studies

    Mumbai

    9.25 Lakh

    Prin. L.N. Welingkar Institute of Management Development & Research

    Mumbai

    6.2 Lakhs

    Birla Institute of Management Technology

    Greater Noida

    9 Lakhs

    GEMS B School (GEMS)

    Bangalore

    2.2 Lakh

    Maharishi Markandeshwar University

    Ambala1.28 Lakh

    Noida International University

    Greater Noida1.6 lakh

    DAV Institute of Management

    Faridabad

    44,000

    NIMS University

    Jaipur1.3 lakh

    Krupanidhi School of Management (KSM)

    Bangalore1.82 lakh

    International Institute of Business Studies - IIBS

    Bangalore3.73 lakh

    Asian School of Business Management (ASBM)

    Bhubaneswar

    2.73 Lakhs

    Amity Business School

    Noida

    3.2 Lakhs

    Symbiosis Institute of Management Studies (SIMS)

    Pune

    9.67 Lakhs

    Jagan Institute of Management Studies (JIMS)

    New Delhi

    3.6 Lakhs

    Mahatma Jyoti Rao Phoole University - (MJRP)

    Jaipur90,000

    Dr K.N. Modi University (DKNMU)

    Jaipur45,000

    IBMR Business School

    Gurgaon2.33 lakh

    K. J. Somaiya Institute of Management Studies and Research (KJ SOMAIYA)

    Mumbai

    5.8 Lakhs

    Vishwa Vishwani Institute of Systems and Management (VVISM)

    Hyderabad

    3.6 lakhs

    NITTE School of Management (NSOM)

    Bangalore

    3.4 lakhs

    Versatile Business School (VBS)

    Chennai1.5 lakhs

    Candidates who wish to take admission to MBA in Retail Management colleges in India can fill-up the Common Application Form (CAF) and enjoy a hassle-free application process for top management colleges in India.

    Also Read: Career in Shipping and Logistics: Courses, Eligibility & Job Prospects

    MBA in Retail Management Subjects

    Students planning to pursue an MBA in Retail Management can have a look at the courses they would be studying in the course duration.

    Year

    Subjects

    First Year

    Principles of Management & Organisational Behaviour

    Managerial Economics

    Marketing Management

    Operations Management

    Corporate Communication

    Accounting & Finance

    Human Resource Management

    Quantitative Techniques of Management

    Management - Research Methods

    Second Year

    Strategic Management

    Business Management

    Buyer Behavior

    Retail Planning

    Business Environment & Ethics

    Retail Sales Techniques

    Direct & Network Marketing

    Logistics & Sales Promotion

    Buyer Behavior 

    MBA in Retail Management: Job Opportunities

    The various job opportunities which one can look forward to after pursuing MBA in Retail Management are as follows:

    MBA in Retail Management: Top Recruiting Companies

    Many leading retail chains require the services of candidates who have an MBA degree in Retail Management. Top recruiting companies of hire postgraduates for tasks such as retailing and marketing at the store level or at managerial positions in their corporate offices. Given below are some of the top recruiters of candidates after MBA in Retail Management.

    • Pantaloons
    • Amazon
    • Reliance Group
    • Lifestyle
    • Flipkart
    • Shopper's Stop
    • Piramals etc. 

    MBA in Retail Management Salary

    The salary for professionals who have an MBA in Retail Management is as follows:

    After pursuing an MBA in Retail Management, the average salary offered to candidates usually lies between Rs.4 lakhs - Rs.7 lakhs per annum. It is important to note that the salary packages may vary as per industry trends and the type of organization you are working for or the college you have done your studies from.

    Also Read:Karnataka MBA Admissions 2020

    We hope that this information was helpful, to get more information on an MBA in Retail Management, you may get in touch with our counsellors. As the MBA 2020 admissions are round the corner, all the candidates must be working hard for the MBA Exams to get into their dream colleges.

    To resolve any query regarding the MBA 2020 Admissions, write to us at Question and Answer. For more updates on management courses, stay tuned to CollegDekho.

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