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MBA Retail Management provides the skills and knowledge of the management in the retail industry. It is a 2 year PG course that offers training and knowledge of key managerial skills that are required to streamline the retail process.
Admission to MBA Retail Management, candidates must have a graduation degree with a minimum score of 45% from any recognized university. Admission is based on entrance basis just like other regular courses.
Top colleges offering MBA Retail Management are NMIMS, Birla Institute of Management Technology, NIMS University, etc. The average fees to pursue such a course may range around INR 50,000 to INR 4,00,000. Private colleges offering MBA Retail Management charges more fees as compared to the private ones. Check MBA Full Form
MBA Retail Management graduates can work as Retail Store Manager, Regional Manager, Branch Manager, Institutional Sales Manager, Service Manager, etc. The average salary of such a professional may range around INR 3.4 LPA to INR 6 LPA at the starting which may gradually increase with experience. They can also opt for a PhD course in the field of Management.
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MBA Retail Management Course Highlights
| Course Level | Postgraduate |
| Duration | 2 years |
| Examination Type | Semester System |
| Eligibility | UG Degree with 50% aggregate marks |
| Admission Process | Based on performance in entrance exam |
| Top recruiting organizations | IBM, Infosys, Wipro, Accenture, etc. |
| Top recruiting areas | Banking Institutes, Educational Institutes, Healthcare Industry, Retail Operations, and many more. |
| Top job profiles | Retail Executive, Advertising Manager, Administrative Officer, Regional Manager, Sales Manager, among others. |
| Course Fee | INR 9,000 to INR 4,00,000 |
| Average Starting Salary | INR 5 lakhs to 20 lakhs |
MBA Retail Management: Admission Process
- Most B-Schools offer MBA Retail Management Admission through entrance exams.
- Although there are some colleges which provide direct admission to the students either on merit basis or on management quota basis. Check MBA Admission Process
- The candidates can seek admission to MBA Retail Management either through national level tests or through various University Entrance Exams.
- The flow of admission starts from either national level tests or entrance exams followed by a group discussion (GD) and then a personal interview (PI).
See Also:
MBA Retail Management: Eligibility Criteria
- Candidates must possess a UG degree from a recognized university.
- They must score a minimum aggregate of 50% to 60% in their graduation but this keeps on changing from institute to institute.
- A relaxation of 5% is given to the candidates belonging to the SC/ ST/ PwD section for admission into this course.
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MBA Retail Management: Entrance Exam
The most popular MBA Retail Management Entrance in India is CAT and MAT. Every IIM takes in MBA students through the CAT exam. Other entrance exams for MBA are mostly limited to a particular college or state.
| Exam Name | Registration Date | Exam Date |
|---|---|---|
| ATMA | December 26 – February 18, 2023 | February 25, 2023 |
| CAT | August 3 – September 21, 2022 | November 27, 2022 |
| CMAT | December 26 – February 25, 2023 | March 26, 2023 |
| GMAT | Throughout the year | Throughout the year |
| NMAT | August 01- October 12, 2022 | October 10 - December 19, 2022 |
| SNAP | August 04 - November 24, 2022 | December 10, 18, and 23, 2022 |
| XAT | August 10 – December 12, 2022 |
January 08, 2023 |
MBA Retail Management: Syllabus
| Semester I | Semester I |
|---|---|
| Overview of Retailing | Retail Management Perspective |
| Retail Marketing | Customer Service management |
| Buying Merchandising | Human Resources |
| Store Operations I | Principles of Marketing Economics |
| IT application in Retail | Business Communication |
| Semester III | Semester IV |
| Retail Sales Techniques and Promotion | International Retailing |
| Direct and Network Marketing | Retail Operations Management |
| Strategic Management | HRM in Retailing |
| Advertising communications and promotion | Corporate Strategic Planning |
See More: MBA Syllabus
MBA Retail Management: Top Colleges
MBA Retail Management Scope
After pursuing MBA Retail Management, candidates can opt for a Phd course in the field of Management. Phd After MBA provides the opportunity to conduct research, conduct in-field study of concepts and specializations by the students. Pursuing research during PhD after MBA leads to awareness of the new business insights and trends worldwide, which helps in managing business more efficiently in the field of retail management.
Some of the job profiles that they can opt for are Retail Executive, Advertising Manager, Administrative Officer, Sales Manager, among others. With experience in the field, they can expect an increment in their salary.
MBA Retail Management Jobs
| Job Roles | Job Description | Average Salary |
|---|---|---|
| Marketing Manager | Their job is to promote a business, product, or service and this role is typically filled by a mid-career marketing generalist. They often plan and oversee a broad range of activities, including launches, advertising, Social Media campaigns, events, etc. | 7,25,000 |
| Senior Operations Manager | He or She oversees the organization's services and/or production of goods. They oversee various departments and make sure that the company's services and products meet the expectation of customers or clients. | 12,50,000 |
| Store Manager | As a store manager, they ensure that the sales are reconciled daily, with deposits arranged. They also supervise the day-to-day operations of the store and directly supervise staff, set up work schedules, and assign duties. | 5,32,000 |
| Brand Manager | He or She manages and controls the way a brand is exposed to the public. To drive marketing initiatives and advertising, a brand manager ensures to get positive response with the brand from consumers. | 10,00,000 |
MBA Retail Management: FAQs
Ques. Is Retail Management a good career to pursue?
Ans. There is an utmost need of skilled professionals to meet the increasing demands of professionals in the field of Retail industry, Therefore, the number of jobs and positions in this field will increase to double in the upcoming time. In terms of career growth, the opportunities are numerous and the average salary that you can get after this course is around INR 3-8 LPA.
Ques. Is it necessary to pursue MBA Retail Management to get into the field of this industry?
Ans. No, it's not compulsory. Anyone having interest in the field of retail management can achieve the desired job. Having a degree in the same field may increase the chance of being selected.
Ques. What is the average fee to pursue MBA Retail Management?
Ans. The average fee ranges around INR 2,00,000.
Ques. What is the MBA Retail Management eligibility?
Ans. To be eligible for MBA Retail Management, one must have completed their graduation degree in any stream with a minimum aggregate of 50% marks and have a valid score of any entrance exams such as CAT, GMAT, MAT, etc.
Ques. What are some of the good companies that hire MBA Retail Management graduates?
Ans. There are many MNCs and Indian firms doing exceptionally well in the field of retail management. Some of them are Lifestyle, Max, Reliance, Aditya Birla, Big Bazaar, Central, Shoppers Stop and Spencer, etc.
Ques. Is it worth studying MBA Retail Management in India?
Ans. Yes, studying MBA Retail Management in India offers a wide range of job options in India as well as Abroad with higher salaries and helps in developing Management and entrepreneurial skills. Apart from this the average fees for MBA Retail Management in India is less compared to many other countries.
Ques. How can a student prepare for a MBA Retail Management degree?
Ans. To prepare for an MBA Retail Management, degree students can perform various activities such as reading a good magazine like The Economist, refine skills by gaining practical knowledge and experience. They can also join coaching or tuition classes for their preparation to get admission into MBA courses.
Ques. What is the average MBA Retail Management Course Fees?
Ans. The average MBA Retail Management course fees vary from INR 3,00,000 - INR 8,00,000. The fees also vary from institute to institute, but more or less it starts from INR 80,000.
Ques. Is it necessary to have an UG degree in the retail management domain to pursue MBA Retail Management?
Ans. No, It's not necessary to have an UG degree in the same domain. However, having a Retail Management degree will give an upper hand.
Ques. What is the scope of doing an MBA retail management course?
Ans. Considering the fact that India is a developing economy and retail has a bright future. It offers a big opportunity for established and newly established retail firms. The sector requires a large number of managers in different portfolios in the retail segment.To expand into the rural belt, companies need operations managers in good numbers.
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