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    MBA Retail Management

    MBA Retail Management Overview

    Master of Business Administration in Retail Management is commonly known as MBA in Retail Management. It is a postgraduate master's degree programme of two years in business and management specialisation. Students interested in exploring career scope in the retail industry can apply for the said course after completing their undergraduate qualification with a bachelor's degree. While there is no restriction on stream, students need to appear for certain entrance exams like CAT, MAT, XAT, CMAT, etc. They can apply for varying MBA Retail Management programmes as full-time, part-time, one-year, or online distance learning.

    MBA Retail Management is a great course for students who wish to build a career that closely deals with direct consumers. Retail is the final step before the product or service reaches the final consumer. It is significant for the overall reputation of any organisation that the steps involving this final transition are as smooth as possible. MBA Retail Management provides all the required knowledge and skills to ensure the same.

    The best colleges in India for MBA Retail Management include names like Narsee Monjee Institute of Management Studies, Indian Institute of Management, Indian School of Business, and Delhi University. The course fee for two years could be between INR 8,00,000 and 16,00,000.

    MBA Retail Management Highlights

    Check out the significant highlights of the MBA Retail Management course below:

    Why Study MBA Retail Management?

    Here are certain personalised reasons why students could choose to study MBA in Retail Management:

    • Build Interpersonal Skills: MBA Retail Management deals directly with consumers as well other stakeholders, such as suppliers, distributors, franchise representatives, and store managers. It helps them build varying types of interpersonal skills like communication and leadership styles in accordance with the group dealt with.
    • All-time Relevant Sector: MBA Retail Management deals with all the methods and measures to ensure a proper and smooth transition of products or services to the final consumer. As consumers cannot be eliminated from the market structure of any industry, so does the retail sector. Retail Management is therefore an area with perpetual opportunities and relevance.
    • Huge Industrial Investments: In order to complete the product/service cycle, it has to reach its target consumers. Any organisation, enterprise, or entity offering any product or service shall have to make investments in the area in varying ways, like direct supply, online buying, doorstep delivery, franchise stores, retail stores, etc. These settings require huge investments making the sector one of the highly invested areas of any venture. The income is similarly large and raw (as revenue), and MBA Retail Management graduates have a chance to take advantage of the same.
    • Wide Scope of Opportunities: Clearly the perpetual relevance and bulky investments allow the MBA Retail Management to explore varying opportunities, not only in hierarchical structure but types of business and ventures they might work for as well. This technicality provides them with a chance to grow in a multi-faceted manner and build a wide range of experience, making it easier to negotiate for higher salaries and job perquisites.
    • Scope of Professional Growth: The ultimate goal of any employee is professional growth in a dynamic manner. The wide range of growth opportunities allows MBA Retail Management to ensure the same, that too in varying sectors. It does not matter which sector they start with, they can always switch to a different one, build a career in the exchange or switch again. The profiles of top management assisted from the retail sector showcase a wide experience and hence make them more likely to lead successful business strategies.

    MBA Retail Management Eligibility Criteria

    MBA Retail Management programmes can be applied for by interested students, albeit they satisfy the eligibility criteria of the colleges and b-schools offering the same. While all colleges design their eligibility criteria independently, there has been observed certain commonality.

    Here are the basic eligibility criteria which students may expect their applying colleges to demand:

    • They must have completed their undergraduate qualification with a bachelor’s degree.
    • The bachelor’s degree must have been obtained from an accredited and recognised institution, or equivalent to the establishment.
    • The aggregate score for the bachelor’s degree must range either in or above 50%-55%.
    • They must provide the entrance exam scores which are acceptable to the respective college or b-school.
    • Their entrance exam score must be equivalent to or more than the cut-off score mentioned by the respective institution to make it to the next round of the admissions process.

    MBA - Retail Management Syllabus

    Strategic Management

    International Retailing

    Retail Sales Techniques and Promotion

    Business, Government and Society

    Retail Operations Management

    Corporate Communication

    Direct & Network Marketing

    Quantitative Methods

    Retail Planning

    Product and Brand Management

    Advertising and Sales Promotion

    Strategic Retail Management

    Retail Sales and Customer Service

    MBA in Retail Management Career Options and Job Prospects

    Professionals with MBA in retail management degree can apply for both government and private jobs. Also, there are a large number of jobs available in MNCs. Companies offering jobs to MBA in Retail Management graduates include brands such as Pantaloons, Reliance Group, Lifestyle, Shopper's Stop, Piramals, etc. Candidates can apply for the following jobs after completing MBA in Retain Management:

    • Product Manager
    • Marketing Executive
    • Sales Manager
    • Merchandiser
    • Sales Executive
    • Store Manager

    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.

    FAQs about MBA Retail

    What does project work involves in an MBA Retail Management programme?

    The project work included in the MBA Retail Management syllabus involves research work and presentation of the same by using course study knowledge and skills to research an organisational circumstance. This organisation could be hypothetical or real, and the situation as well could be hypothetical or real. Students need to develop strategies and the execution framework for the same in the given circumstances and back them with reliable, rational, and logical outcomes.

    Which are the best colleges in India for MBA Retail Management programmes?

    The best colleges in India for MBA Retail Management programmes are the Indian School of Business, Indian Institute of Management (multiple branches), Delhi University, Narsee Monjee Institute of Management Studies, Jaipur National University, Amity University, University of Mumbai, University of Calcutta, D Y Patil Institute of Management, and Lovely Professional University.

    Does IGNOU offers MBA Retail Management programmes?

    Yes, IGNOU offers MBA Retail Management programmes. Indira Gandhi National Open University is popular and famous for the varying types of distance learning courses. They are quite helpful to students who wish to gain higher education but are held back due to certain circumstances. Among the various MBA programmes, MBA in Retail Management is also one.

    Can I work in the medical sector after graduating with an MBA in Retail Management degree?

    Yes, you can work in the medical sector after graduating with an MBA in Retail Management degree. Even in the medical sector pharmaceutical companies, the connecting agents, and even the hospital branches require retail management professionals to ensure proper functioning. Additionally, there are varying government jobs also available, due to the sector being public and social welfare-oriented.

    What is the average salary for MBA Retail Management graduates?

    The average salary for MBA Retail Management graduates ranges from INR 7,00,000-25,00,000. While graduates may find it challenging to find jobs in higher ranges of remuneration, they will find it easier to grow and negotiate better salaries over time in their jobs. They can elevate their initial income by up to 200% within a span of three to five years.

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    Related Questions

    P

    Priya, Student / Alumni

    Getting admission in MBA at Mittal School Of Business, LPU is not an easy achievement for any candidate because of their quality admission intake. If, I am not wrong, LPU has maintain such standards of quality admission intake and has very stringent eligibility criteria also. But if you get admission in MSB, LPU after satisfying their eligibility criteria, you will fly high, sky will be the limit because from day 1 LPU acts like their Tag Line “Think Big” and Slogan “Transforming Education, Transforming India”. Now lets see how good LPU is for an MBA from various parameters which are as follows: Curriculum : The curriculum of MBA at LPU is very Industry oriented. There is a term CDR (Curriculum Development Research) held after each and every 6 months in which many senior industry people suggest that what are need of present day industry. Faculty knows all the strengths and weaknesses of students are noted and course correction is devised after the considerable suggestions of Industry tycoons. Thus LPU cares what to teach according to the demand of industry, so that all the students can be able to cop up the outer word after qualifying from LPU. Industrial Trainings : The students get many trainings like SAP, MOOCs, Advance Excel and many more. These endeavors of LPU makes their students ahead of others. PEP: The Center for professional enhancement Program, starts working on the student from day one. A set of mentors nourish their personality, public speaking, soft skills etc. Exposure : Many Experts visit LPU for the guest lectures. Project called CAPSTONE is their in LPU to enhance their organizing and teamwork ability. Student Organizations: In LPU Student Organizations does’nt mean Elections or Zindabad or Murdabad. In LPU students learns to serve the society by making and working in a Student Organizations. For example: their is one Students Organization who have opted near by villages of the University they are teaching the senior citizens and other appropriate persons who needs an education in the evening or on Sunday’s. Diversified Culture: The diversity of students from all states of India and more than 70 countries make the students to have a different experience and learning. Which helps them to become a good citizen also. Entrepreneurship: Entrepreneurship does mot means opens a shop and making money from money. In LPU, students come up with the unique idea of business and infact LPU provides them seed money also for their start-up. Since the inception of Entrepreneureship ventures, LPU has witnessed more than 300 start-ups.
    R

    Ramandeep Kaur, Student / Alumni

    Hi, The registrations for session 2023 at LPU has already started and you can register for the same at admission.lpu.in The eligibility for MBA is Pass with 55% aggregate marks in Bachelor’s degree (any discipline) or equivalent, subject to qualifying LPUNEST or CAT or MAT or XAT or NMAT or CMAT^ and Interview Mittal School of Business is among the first 10 institutions in India to get ACBSP (USA) accreditation, Mittal school of Business ranked among the top 34 Management institution in India, as per NIRF ranking 2022. It is ranked 2nd best in the Business and economics subjects in India as per the Times Higher education world university ranking 2022. Following aspects could be consider for MBA Admission in LPU Versatility of course: School provide option to student to opt MBA as per his or her liking from regular MBA, MBA hons and Specialized MBA with Tie-up. For example: MBA (Business Analytics) in tie up with KPMG, MBA (Financial Markets) in tie up with NSE Academy, MBA (Supply Chain & Logistics) in tie up with Safeducate and many more Industrial certifications: MBA classes are conducted in the blended mode which provides opportunities to students to learn through industrial experts. Along with specialization of 4 - 6 courses with Professional Industry certifications. Illustrative Specialization Areas: Financial Consulting & FinTech with KPMG, AI, ML & Analytics with 3AI, Digital Marketing with Digital Marketing Institute, Ireland Boost to entrepreneurship: LPU provide special seed money option to promote young entrepreneur. A student can get 2 lakh to 5 lakh per project for start-ups or entrepreneurship ventures. International exposure: Student can opt for a unique model of Indian and International education, you start your degree at LPU in India and finish the degree abroad at a Top Foreign Partner University. Or they are given option to go for international workshops or seminar for 4 weeks study tour to USA/ European countries or any other country as decided by the University subject to conditions. Industry orientation: Participation In projects, Research work, Industrial visit, on the job training and internships are the integral part of the curriculum to make the student ready for the real life corporate environment. The students have done an internship in Companies like IDBI, FUTURE GENERAL INSURANCE Company, COHO, Times of India, Hindustan Times, Karvy stockbroking, Decathlon Sports Ltd; etc.
    P

    Priya, Student / Alumni

    The registration in LPU has already started. MBA is one programme that LPU is known for. As far as the course curriculum is concerned university has tie up with the companies like NSE, Safeducate, ICICI Direct, IDFC, etc. to give students the opportunity for pursuing live projects and/or professional certifications like NCCMP, NCFM etc. The curriculum is equipped with 21st century digital technologies required for managing their specialized area. The entrepreneurship projects are an integral part of the curriculum. The university gives seed money too to the qualified aspiring entrepreneurs to help establish themselves as successful entrepreneurs. The university has added to the core curricula, modules like communication, analytical and soft skills to enhance personality and employability. The Industry desired workshops on Digital Marketing, Business Analytics, Stock Market Operations, Life Skills, Creativity and Innovation, and Leadership are held in the campus to make students industry ready. The university makes it a point to instill advanced knowledge about contemporary areas in management through presentations and group discussions. The students get an opportunity to work on business projects to enhance managerial skills. They also get to work on community development projects on social issues to cultivate social sensitivity and sense of responsibility. Students are made to participate in technical events - sports and cultural activities for their holistic development. Last but not the least the course incorporates real life case studies to provide interactive teaching and learning methodology. The student can opt for international credit transfer and add international blend to his degree through various schemes.

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