Top 10 Retail Colleges in Chennai
A career in Retail Education is an unconventional subject, nevertheless there are galore of career options in our urbanized society. Today Indian retail industry has emerged as one of the most dynamic and fast-paced industries due to the presence of several big players in the market.
Retail accounts 10 percent of the country’s (GDP) and employ 8 percent of the employment in India. Indian retail industry is one the biggest in the world with sales of around $7.2 trillion and places India 6th in the Global Retail Development Index. Retail sector is expected to provide employment to around 12, 50,000 people in the next 5 years as more and more new Shopping Malls are coming up with each Mall requiring 5000 persons of various skills.*
With rapid urbanization, supermarkets and hypermarkets, business is flourishing and there are several job options. One can work as a sales executive, sales manager, marketing manager, store development manager, product developer, floor manager. Besides, one can start a retail business of his own or become a franchisee of other big players in the retail business.
For all these positions, you need to have an M.B.A or an equivalent degree in Retail management. Admission in the courses at prestigious colleges happens through CAT (Common Aptitude Test).
Some of the leading Colleges, Institutions and Universities that offer Retail Education are –
MDI Gurgaon and NMIMS University, Mumbai. Institute for Integrated Learning in Management (IILM) Gurgaon, Indian Retail School, Images Pearl Retail Solutions Pvt. Ltd. Loyola Institute of Business Administration (LIBA), Loyola College Chennai. Mudra Institute of Communications, Welingkar Institute of Management, Centre for Retail Studies, Mumbai, K J Somaiya Institute of Management Studies & Research Mumbai and Delhi University etc. offer different degree and diploma in retail management. Retail Association of India (RAI), the nodal body in the retail sector also offers an online program in retail education as to train people.
Some of the top companies in retail business in India are Shopper’s Stop, Westside, Pantaloons, Lifestyle, RPG Retail, Crossword, Wills Lifestyle, Globus, Piramal and Ebony Retail Holdings, Reliance, Big Bazaar, Vishal Mega Mart, Star Bazaar etc.
* Deloitte report, Department of Industrial Policy and Promotion website, Union Budget 2014-15