Become Job Ready with CollegeDekho Assured Program. Learn More
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.
Check out the significant highlights of the MBA Retail Management course below:
Here are certain personalised reasons why students could choose to study MBA in Retail Management:
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:
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 |
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:
After pursuing an MBA in Retail Management, the average salary offered to candidates usually lies between Rs.4
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.
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.
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.
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.
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.