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Top MBA Colleges in Retail Management - India

MBA in Retail Management

An MBA in Retail Management offers know-how in the management retail industry. It also provides training and knowledge of critical managerial skills required to streamline the retail process. Retail Management is provided as a specialist in MBA or Post-Graduation Diploma (PGDM) programmes, which open up an avenue to various career opportunities in the retail industry.

Aspiring students should pay close attention to the eligibility criteria for the MBA in Retail Management. Graduates with a minimum of 50 per cent marks from a recognised university are eligible to apply. It's also crucial to demonstrate readiness for the program by appearing in several national and state-level entrance exams such as CAT, XAT, NMAT, MAT, SNAP, and CMAT. The program fees in India typically range between INR 50,000 and INR 5 lakh.

MBA Retail Management Course Highlights: - 

Degree Name

Masters of Business Administration 

Degree Type

Postgraduate

Degree Duration

Two years

Education mode

Fulltime, Part-time, Distance.

Entrance Exams

CAT, XAT, GMAT, SNAP, NMAT, CMAT, KMAT, ATMA, MAT, IIFT.

Eligibility Criteria

Graduation in any discipline

Admission process

Entrance Exam + Group Discussion + Personal Interview (GD-PI)

Fees of the course

Rs. 20,400 to Rs. 20.80 Lakhs

Average Salary

Rs. 5.6 LPA Starting Average 

Job profiles

Sales Manager, Retail Manager, Logistics Manager, Operations Manager, Sales Head, Fund Manager, Merchandiser, Retail Executive, Advertising Manager, Administrative Officer, Regional Manager, Sales Manager, Marketing Manager, Senior Operation Manager, Store Manager, Brand Manager,

 

MBA in Retail Management Eligibility Criteria: -

  • The candidate must complete his/her graduation in any stream.
  • The candidate must clear the entrance test with the required score.
  • There is no upper age limit to do an MBA.
  • The candidate in the final year of their Graduation can appear for the entrance exam.

 

Syllabus of MBA in Retail Management:- 

The MBA in Retail Management syllabus will vary from college to college, but the course aims and subjects shall remain the same. While pedagogy is the college's decision, the overall course curriculum is standardised for holistic education. Hence, the subject distribution over the syllabus may differ;but the study matter remains consistent. Nevertheless, candidates should check the official website to know the complete syllabus. Here is a general guide to MBA in Retail Management syllabus design, as commonly followed by Indian colleges: 

Semester - 1

Semester - 2

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 - 3

Semester - 4

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

 

Next step after MBA: - 

If a person wants to do further studies in management to improve his/her knowledge and skills than he/she can go for the following courses: - 

  • ISB Certificate Programme in Business Analytics (CBA): -

The ISB Certificate Programme in Business Analytics, or CBA, is also known as the Advanced Management Programme in Business Analytics, or AMPBA. It is a 15-month short-term course after an MBA for mid-career professionals with 2-15 years of experience.

  • PhD in Management: -

PhD in management is one of the highest academic degrees awarded in the study of management science. It was designed for those seeking academic research and teaching careers as faculty or professors in management at business schools worldwide.

  • Executive MBA: - 

Designed for working professionals at the mid-senior level, the Executive MBA is a shorter program that can add the ‘double MBA’ tag to your resume!

  • Doctor of Business Administration: -

DBA or Doctor of Business Administration graduates move to become leaders in the industry or the public sector. If you choose this course after your MBA, you will have several career options as a financial analyst, consultant, manager, or director. 

  • Project Management Professional (PMP): -

The Project Management Institute or PMI issues Project Management Professional or PMP certification. It is a non-profit organisation in the area of project management. This certification is ideal if you wish to be a leading Project manager. 

  • Financial Risk Management (FRM): -

This short-term course would be ideal for those who wish to work for investment banks, corporations, or asset management firms.

  • Post Graduate Diploma in Computer Applications (PGDCA): -

This course after MBA is conducted using programming languages like Java, C, and C Packages. Students also use operating systems like MS Office—Web Design, TALLY, and Oracle-VB for information handling.

  • Operations Management: -

This branch of Business Administration involves managing operations and analysing success and failure rates. If you take an operations management course after your MBA, you will be responsible for improving the company’s sustainability.

 

Employment after MBA in Retail Management: - 

After completing the MBA in Human Resource a person can apply for the following job profiles:

Jobs 

  Average salary 

Retail Manager

5.6 – 12.3 LPA

Administrative Officer

3.3 – 10 LPA

Logistics Manager

5.3 – 8.9 LPA

Store Manager

3.2 – 6.3 LPA


FAQs

 

  1.  Is Retail Management a good career to pursue?
    There is an utmost need for skilled professionals to meet the increasing demands of professionals in the Retail industry. Therefore, the number of jobs and positions in this field will 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.
     
  2.  Is it necessary to pursue an MBA in Retail Management to get into the field of this industry?
    No, it's not compulsory. Anyone having interest and skills 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.
     
  3.  Is it worth studying MBA Retail Management in India?
    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.
     
  4. What is the average fee to pursue an MBA in Retail Management?
    The average fee ranges from around INR 2,00,000 to INR 20,00,000.

 

Other specialisations in MBA: - 

MBA in H.R Management, MBA in Finance Management, MBA in Healthcare Management, MBA in I.T, MBA in Operations Management, MBA in Marketing Management, MBA in Business Management, MBA in International Business, MBA in Entrepreneurship Management .

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