Best 10 Careers to Pursue After Completing Retail Management
Do you know which field would offer you around 2 million job opportunities across the globe? It is Retail Management. Globalization has changed the landscape of Retail markets. Retail Management is presently one of the most flourishing industries in our country, and you will find numerous careers after completing retail management courses. Retail Management is a lucrative field today. It deals with the process of bringing potential customers to the store and fulfilling their needs. You can land a lucrative career in this field by pursuing online courses and certifications.
There was a time when it was limited to garment outlets or grocery shops. However, these limitations do not exist anymore. The big malls we visit, the shopping marts, supermarkets, and even the online shopping applications, that are now indispensable parts of our lives, are all part of retail.
Also read: Career as Certified Retail Management Professional by Vskills
In other words, retail has made our life easier, shopping effortless, and also generated ample careers in retail management for the youth. There are a plethora of online degree courses and even retail management certification courses that you can pursue from the comfort of your home. So, let’s get started with some of the best careers after completing retail management courses and career opportunities after retail management.
The Top 10 Careers After Completing Retail Management
Jobs | Average Salary (annually) |
| Retail Product Manager | Rs 7-8 lakhs |
| Store Manager | Rs 404,981 |
| Sales Manager | Rs 492,160 |
| Merchandiser | Rs 371,861 |
| Warehouse Manager | Rs 493,943 |
| Brand Manager | Rs 913,253 |
| Marketing Executive | Rs 290,066 |
| Retail Sales Associate | Rs 242,582 |
| Product Developer | Rs 519,488 |
| Small Business Owner | Rs 850,000 |
Also read: Career as Certified Wealth Manager by Vskills
1. Retail Product Manager
This is one of the best careers after completing retail management courses. Retail Product Managers ensure successful management of any product being delivered to the customer. It is a high-ranking position in the field of retail management. The lifecycle of a product is managed by retail product managers. The job involves everything from the first step of ideation to building marketing strategies. The demand for retail product managers is very high, especially in India. The other responsibilities include strategizing, researching, providing insights, recruiting employees, and other responsibilities. The skills required for this position are strategic planning, oratory skills, negotiation skills, analytical skills, attention to detail, and long-sightedness.
You can become a Retail Product Manager after completing a bachelor’s degree or master’s degree in marketing or business administration or online diploma courses. An MBA in Retail Management or Product Management with experience of around 5-10 years would be perfect for this job. The average salary of a Retail Product Manager is around Rs 7-8 lakhs per annum for a fresher. The salary may go up to 50 lakhs with experience. The demand for workers supersedes the professionals, so the careers in retail management are excellent.
Also read:
- Online Product Management Courses & Certifications
- High Paying Job Profiles After completing Retail Management
2. Store Manager
The job of a retail store manager is to ensure that the daily operations of a department store are executed efficiently and smoothly. This is another one of the excellent careers in retail management. Their jobs also include coming up with new and better ideas for improvement in the store performance, profits, turnover of the store, and other aspects of store management. A store manager also works closely with HR, Marketing, Customer care, Logistics, Administration, Finance, and other important departments. The qualification required for this career is a graduation degree in Retail Management courses like BA in Retail Management. However, practical experience with a high school diploma can also suffice for requirements. You can also opt for online courses & certifications from top providers.
The average salary of a Retail Store Manager in India is around Rs 404,981 per annum. The top recruiters that hire Retail Store Managers are Vodafone Idea, Future Group, Landmark Group and others.
3. Sales Manager
Sales Managers work in both non-retail and retail settings. The day-to-day management of sales associates and activities related to sales are the responsibilities of Sales Manager. They aim to exceed or at least meet the expected sales goals. The managerial and leadership skills pay off this one of the careers in retail management. You must have a bachelor’s degree in finance, marketing, retail management, business retail management, or any other relevant field. A retail management online course would also be beneficial with excellent oral and written communication skills and interpersonal skills. Employment in this field is expected to grow around 5% between 2018-2028. The average Sales Manager salary in India is Rs 492,160 per annum.
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4. Merchandiser
Merchandisers are the professionals who control advertisements and other related elements in grocery stores for specific products. Besides, their responsibilities include visiting from one store to another for restocking and removing the products in the store. They keep everything clean, retag the shelves and set new items on delivery. The managerial skills and skills of keeping things in an organized manner pay off in this field. To become a retail sales merchandiser, you should procure a graduation degree in marketing or retail management. As careers in retail management will continue to surge, a high school diploma or retail management online course can also suffice for the criteria. The average salary of a Merchandiser in India is Rs 371,861 per annum.
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5. Warehouse Manager
This is among the best careers after completing retail management courses. The job of a Warehouse Manager is very diverse. They have many responsibilities regarding the receiving and maintenance of equipment. Warehouse Managers supervise the staff of the warehouse and work with them for the completion of the tasks. Complying with local, state, and federal warehousing is also one of their crucial tasks. An associate’s degree in retail management, business operations, logistics, and related fields gives an edge, however, experience in warehousing can also suffice for eligibility. Having retail management certification courses and skills like logistics, managerial skills, people management, operations and inventory management skills will pay off for this job profile. The average employment growth in the jobs of Warehouse Management is speculated to grow by 7% over the next 5 or 6 years. The average salary of a Warehouse Manager in India is Rs 493,943 per annum.
Also read: Certified Warehouse Manager BY Vskills
6. Brand Manager
The job of a Brand Manager is to develop effective and engaging marketing campaigns to build a good brand image in the minds of customers and increase profits. They go through different stages of a marketing campaign, from planning and strategizing to ultimate execution. If their campaign fails to bear the desired output, they alter and make required changes in it. Skills such as self-motivation, computer skills, leadership skills, communication skills, and multitasking abilities pay off this field job.
A Bachelor’s degree in advertising, Journalism, or retail management can open various careers in retail management as a brand manager. Many online learning platforms in collaboration with top global universities offer retail management courses to learn understand this field. It is predicted that the job growth in this field will grow around 8% between 2018-2028. The average salary of a brand manager in India is Rs 913,253 per annum. The pay may differ based on experience, skills, employer and job location.
Read more: High Paying Job Profiles After completing Retail Management
7. Marketing Executive
One of the best careers after completing retail management courses is Marketing Executive. The job of Marketing Executives is to manage the public relations, advertising, and marketing strategies section of any company for acquiring maximum profitability. Their responsibilities include researching the market to evaluate the potential demands of services and goods of the company and then strategize the marketing plan to meet the demand of the firm. An MBA Retail degree holder is the perfect candidate for this job profile. However, the basic educational requirement is a Bachelor’s degree in Business, Economics, Marketing, Retail Management, or equivalent.
One can also go for retail management certification courses to get a professional certificate in a specific marketing subject. Customer relationship management and decision-making are among the required skills for a Marketing Executive. The average salary of a Marketing Executive in India is Rs 290,066 per annum.
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8. Retail Sales Associate
If you have done or are planning to do a retail management online course, you can find the job of Retail Sales Associate easily. The job of a Retail Sales Associate is to aid the customers in picking the right product, keeping shelves stocked, and others. This profile does not necessarily require a degree. Retail management certification courses and training, or even a high school diploma can make you eligible and hone the right skills. The job growth is speculated to be 7-10% through the year 2022. A Retail Sales Associate in India can earn an average salary of Rs 242,582 per annum.
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9. Product Developer
This is another one of the best careers after completing retail management courses. Product developers mostly have a degree in industrial design, engineering, Retail Management, or other related fields. They work with other professionals to develop industrial or commercial products. Their responsibilities include ensuring the product is functional as well as safe. The average salary of a Product Developer in India is Rs 519,488 per annum. The job is estimated to grow by 2% between 2018-2028.
Also read: Career as Certified Production Manager by Vskills
10. Small Business Owner
If you do not want to work under a boss or a firm, you can even start your own business after retail management certification courses. Small business owners are the executive and financial heads of businesses. You can have a management team to aid with small processes and divide responsibilities among the members because it is not possible to micromanage all the tasks alone. Business owners are constantly engaged and start growing with just the right strategy and its implementation. There is no specific educational requirement as everything depends on you only, but a degree in management, finance, and related fields would come in handy. One can also go for retail management certification courses to step into the arena of businesses. Also, you would require significant capital to start the business. As the salary of a small business owner is not specific, on average, they can earn Rs 850,000 per annum.
Conclusion
The Indian retail industry is estimated to reach ~US$ 1.3 trillion by 2024. The industry occupies fifth place in the world’s retail markets as per the economic values and contributes over 10% of the Indian GDP. One can only imagine the scope and profit by stepping into this field. The demand for skilled professionals and a new generation of smart retail professionals in this field is elevating with every passing moment. If you are inclined towards marketing, sales, merchandise, advertising, campaigning, or research, this is just the right field for your career. It is a very exciting field that will open various careers after completing retail management courses. You can also do an online course comparison to choose the best retail management online course. You can also start a small business or become be a part of Reliance, Big Bazaar, or other renowned retail players.
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Frequently Asked Questions (FAQs)
Retail Management is aimed to fulfil the buying needs of customers and bringing more customers to the store. Helping customers in procuring their desired merchandise for usages from a retail store come under retail management.
When retail management is done effectively, chaos can be avoided at stores. As a result, customers can locate the desired merchandise easily and stay satisfied. Thus, time is saved, and efficiency is maintained by Retail Management.
There are many retail outlets, including Supermarkets, Department Stores, Discount Stores, Warehouse Stores, Malls, Specialty stores, and even the “Kirana Stores” around our homes.
Careers after completing retail management courses include Brand Manager, Area Manager, Call Centre Manager, Human Resources Manager, Marketing executive, Marketing researcher, Retail manager, and others. The careers in retail management will depend on your skill sets and educational qualification.
If you have an inclination towards the retail industry and advertising, retail management is the right choice for you. A career after retail management certification courses is highly rewarding with many opportunities. Globally, there are around two million careers in retail management.
One of the highest paying careers after completing retail management courses include District Manager, Human Resources Manager, Operations Manager, Customer Service Supervisor, General Manager, Regional Manager, and others.
The skills of leadership, customer service, resilience, time management, communication skills, and teamwork pays off in the field of retail management.
The resume skills can include critical thinking skills, communication skills, the ability to work under pressure, and customer service skills. However, having a degree in retail management, sales or operations management will help get an edge over other candidates.
Yes, Amazon’s Retail Business is a very active and competitive one in the worldwide retail sales market. Around 1.9 million small businesses use the Amazon platform to sell their products.
Some of the top Indian Institutes for studying retail management are Birla Institute of Management Technology (BIMTECH), Greater Noida; Amity Global Business School, Noida; K J Somaiya Institute of Management, Mumbai; Jaipuria Institute of Management, Lucknow, and many others. You can choose as per your convenience and budget, among other factors.
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Questions related to Retail Management
Hello Aspirant,
Bachelors of Business Administration (BBA) family business is a three-year course which teaches the students basic principles of starting and running a business, managing family businesses, etc .
In this course a student is taught the basic skills and knowledge of business and management to make the person capable of running a business smoothly.
While as
Bachelors of Business Administration (BBA) retail management is a t hree year course which teaches the basic operations involved in retailing. Student is given information about the basic aspects of retail industry, necessary knowledge to help the person manage and develop the industry.
In this course importance is given on activities like marketing, purchasing, managing finance, strategies used in retailing and most importantly how to manage human resources.
Hello,
Your query is Incomplete and not understandable for me. Please edit or report your query by mentioning College name, Your Interested domain.
Hope you Understand
Good Luck !!
Dear aspirant !
Hope you are doing great ! Saying wrong out of one is totally unfair ,even these are all good but if you choose only one then i tell you what should you do ! Firstly read about them briefly and get a little knowledge then try to find your interest ,in which you enjoy ,find that thing in which you can think more shaper ,i totally means to say that go within yourself deep and know your interests ,then you will get all the answers yourself .
Hope it helps you !!!
Thanking you
Both the courses are good in terms of scope & employability. See if you are interested to go for a specialization which gives you a scope to manage Business Operations & development in any Global zone then going for the International Business will be a great choice. If you aspire to be a part of the business in order to explore the business in new environments, then this course will give you the knowledge of operations. Now Retail is the fundamental of all business. If you are holding a business, you are doing the Retail in some way. So going for Retail Management gives you a larger area of working. It provides you a very broad perspective in terms of product articulation & Management. Now its your choice to choose the best for yourself.
For more information regarding Retail Management visit the link below:
https://www.careers360.com/courses/retail-management-course
For more information regarding International Business you can consider the link below:
https://www.careers360.com/courses/international-business-course
I hope this helps. Wish you a great eve!
Hello aspirant,
Hope you are doing great...!!
MBA is of 2 years course.
Management is the craft of uniting various individuals and motivating them to run after a shared objective or goal. This thought when applied to the retail business is called retail management. MBA in Retail Management is a rather new specialization in the management stream. Due to the recent boom in the logistics and retail market, the graduates of this specialization are in high demand. The duration of the course is usually 2 years with the fee ranging from Rs 2,50,000 and upwards.
Retail business is booming with people coming up with new and innovative ideas to get customers and this is the right time to step into this field. Many companies look for a retail manager – Tata Group, ITC Retail, Reliance group, Shoppers Stop- all need candidates with an MBA in Retail Management.
However, MBA graduates will need to work hard, almost 45 – 50 hours a week. Usually, their work will be in the store or retail shop that they have been assigned to, that is indoor work.
International Trade Management is a good opportunity for those who are seeking job opportunities across the globe. Students can have varied opportunities in the arenas like automobile firms, electronics, financial institutions, investment companies, export/import companies, etc.
The normal compensation of an MBA in International Trade Management ranges around INR 4 to 8 lakhs for every annum. The compensation bundle increments with experience in this field. An applicant with essentially two years of involvement can acquire up to INR 12 lakhs yearly.
Now, go for that which suits you.
Hope this was helpful!
All the best!