High Paying Job Profiles After completing Retail Management
The retail management job profile signifies "offering to people in general." It can be a customer-facing facade, office, or online business. The retail management business may comprise a solitary individual without any workers, or it may be a little organization where a few representatives each take on different jobs. On the other hand, it may be an enormous store or chain of stores with various offices and particular positions. The online retail management courses include professional courses like an MBA in retail management and a PGDM in retail management.
Retail management job profiles involve different procedures that help consumers obtain the desired products from retail stores for their final use. Retail operations require all the actions taken to get buyers into the shop to satisfy their shopping needs. Retail management certificate courses offer a fun shopping environment and ensure that shoppers exit the store with a smile. There are also free retail management courses that will help in shaping a basic understanding of the subject. Retail administration lets consumers shop without any hassle, in simpler terms.
Read also:
- Best 10 Careers to Pursue After Completing Retail Management
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Retail Management Job Profiles
Somewhat, your obligations in a retail position rely upon what item you are selling. Moreover, understanding your client base well will guarantee that you achieve your sales and revenue goals successfully at the end of every month. Fresh recruits can start as clerks, stockers & deals partners, even though these can be long-haul positions for certain representatives. A few people, for instance, fill in as clerks for quite a long time while gaining standard raises and expanded advantages.
These are entry-level Retail Management Job Profiles mentioned below. There are several categories of jobs listed for freshers in India and the expected salary margin starts at 2.5 lakhs annually. The range of salary increases as per performance & work experience.
Automobile Salesperson
One can start a career in automobile sales as an automobile salesperson and their responsibilities include automobile sales through understanding customer’s needs and selling the product accordingly. Industries are adopting new digital marketing strategies and revenue streams which results in growth and development. Salary expectation with this job title ranges from 3.25 lakhs to 4.5 lakhs.
2. Bilingual Retail Sales Representative
Bilingual retail sales representatives help generate more sales and create goodwill for the organisation. The retail management job profile includes providing accurate solutions to customers in their local language and coordinating with other sales representatives. The growth rate of this job title is quite in demand in coming years, with salary starting from 2-4 lakhs pa. plus commission.
3. Customer Care Assistant
Customer care assistants handle customer queries and provide them with adequate solutions. The growth rate here is slower than average as it depends on the customer experience. A good review creates more promotional opportunities for career growth. The salary expectation for this job is from 2.3 to 2.5 lakhs per year in India.
4. Office Assistant
Office assistants are responsible for maintaining routine clerical tasks, supplying required material, and tracking inventory in office supplies. There is a possibility of growth and opportunities as per the performance. The average salary office assistant can expect 1.5lakhs to 1.9lakhs annually.
5. Data Entry Operator
Data entry operators record customer data in the system or provide documents. They compile and verify accurate data to make an entry in the computer system to review errors if any. This job segment is a fast-growing role in the industrial sector and generates a scope of opportunities at different levels. The average salary is 2.2 lakhs to 2.5 lakhs per year.
6. Field Sales Executive
The field sales executive handles the client interface while holding several meetings with potential clients. Growth and opportunities are the prime feature of this job title as this creates revenue. The average salary is 2.5lakh to 3lakhs and it can rise according to experience.
7. Retail Customer Service Associate
The retail customer service associate performs various duties in terms of guiding the services, assisting in inquiries and other technical support. The retail industry increases the growth rate and opportunities based on experience. The expected salary is 2.2lakhs to 2.4lakhs per year.
8. Retail Sales Associate: Retail Sales Worker, Sales Clerks, Retail Clerks, Salespeople
The retail sales team ensures customer satisfaction by providing subsequent services. The salary margin is from 2.2lakhs to 2.5lakhs per year in India.
9. Retail Sales Consultant
A Retail sales consultant is responsible for driving the sales ratio in the company and generating revenue. The capability to interact with customers results in growth opportunities. The salary starts from 2 to 2.8 lakhs annually.
10. Retail Security Officer
The retail security officer secures the office premises by patrolling regularly and monitors the CCTV camera surveillance to prevent any losses and damage. The average salary is 1.4 to 2 lakhs per year.
Intermediate Level Jobs
Floor managers, group managers, and comparable positions do direct other staff, however, these are regularly peer-initiative positions. That is, the lead clerk is as yet a clerk, and may have no evident power, however, acts to facilitate crafted by different clerks, ensuring everybody takes breaks at the best possible time and the like.
Client support agents may go about as lead clerks or lead deals partners in certain stores. In other retail associations, these positions are isolated, however, the client care agent has more noteworthy authority since they are engaged in dealing with upset clients. None of these activity titles are the executives, nonetheless. The job categories listed at the intermediate level demonstrate their position as the client representative and perform a crucial role. They are entitled as client care representatives and can expect a raise of 20% to 30% in India according to the previous role. The salary margins are considered at the initial stage up to 5lakhs annually.
Front Office Manager
The front office manager handles the help desk of the company which includes customer support and services. The average salary they can expect is 3 to 3.5lakhs per year, with growth depending on the performance at client-side.
Floor Area Manager
The floor manager works in the sales area and manages front-end operations. The average salary is 4.8 to 6lakhs and it can be raised as per the appraisal.
Development Coordinator
The development coordinator manages the budget and raises funds in the company’s revenue. Coordinate with the marketing and advertising team to promote fundraising events. The average is 2.9 to 3.5 lakhs.
Retail Administration Analyst
Retail administration analyst proactively manages the sales department in order to increase the sales ratio and analyse the customer needs as per the preferences. The salary is 2.1lakhs to 2.5lakhs per year.
Retail Marketing Specialist
The retail marketing specialist needs to perform marketing services while promoting the product to the customer. The expected salary range is between 1 to 18 lakhs per year.
Administration Supervisor
The administration supervisor engages in the planning & administrative process to streamline company processes. The salary is expected between 3 lakhs to 5 lakhs per year.
Top-level Roles
A senior supervisor is liable for a whole area in a chain, while a territorial administrator is answerable for a few areas in a chain. Depending upon the organization structure, there might be other administrative positions..These positions are only here and include any client contact. A few administrators infrequently even address section-level partners. However, attention to the standards of deals is as yet a significant foundation for these positions. The short retail management certificate courses available include all the aspects of the positions of management and their job roles. There are online retail management courses available for the employees to remain updated. Executive-level jobs are the superior position in retail management in India. Their salary expectation is high compared to others. In India, the salary range starts from 8lakhs annually.
Chief Manager Buying & Merchandising
Initially, the merchandising manager earns an average salary of 5.2lakhs to 7.2lakhs per year and it can increase with the number of experiences.
Assistant Retail Managers
They are responsible to supervise the other staff members and review their performance. The salary is expected from 24 lakhs to 26 lakhs per year.
Area Sales Manager
An area sales manager manages and assists the sales team to drive revenue and generate more sales. The average salary is 6 lakhs to 8 lakhs per year.
Client Service Manager
They’re responsible for interacting and understanding the client’s requirements and getting the tasks done accordingly. The average salary in this position is 4.1lakhs to 5lakhs.
Regional Sales Manager
The regional sales manager is tasked with achieving sales and generating leads in a particular region alongside a team. The salary is 11lakhs to 15lakhs.
Divisional Manager
The initial salary of the divisional manager is 22lakhs and can increase with the number of experience. They are associated with the strategic management department.
Top Providers Offering Retail Management Certification Courses
The different purchasing and promoting positions inside retail associations are the basic "in the background" occupations that permit a store to productively deal with its stock levels, control its overhead expenses, forestall misfortune, and present its contributions in appealing presentations to clients. Individuals regularly become purchasers or merchandisers after stirring their way up through entry-level jobs in India. The salary expectation in these categories of job profiles started from 3.5 lakhs annually.
A career in retail business management offers a refreshing and one-of-a-kind vocation where you can work for the world's most famous brands. A lot of the fundamental objectives of retail—be it buying and selling, item development, or client connections—meet with other vocation fields like advertising, innovation, crisis management & marketing among others. Regardless of whether in stores or a corporate firm, a significant number of key functions in retail incorporate coordination, arranging and coordination, store tasks, HR/preparing, money and organization, purchasing, advertising, coordination, and data innovation.
Frequently Asked Questions (FAQs)
Retail management is the mechanism that allows consumers for their personal use to obtain the right products from retail stores. It involves all the measures needed to get the buyers into the shop to satisfy their shopping needs.
Retail managers are responsible for every part of the day-to-day operation of retail stores, including sales, staffing, procurement, and control of the capital.
Supervisors are responsible for supervising a department store's everyday activities including stock selection and pricing. Such activities include overseeing employees and client care and monitoring budgets.
A buyer is an individual engaged in choosing and purchasing stock or materials for large retail or manufacturing enterprises.
Indian retail industry is one of the fastest growing in the world. Retail industry is expected to reach Rs 76.87 lakh crore (US$ 1.1 trillion) by 2020.
Skills like communication, people leadership, sales leadership, customer service, organization, and resilience are required for retail management.
Retail can be a very profitable and very respectable job at the management level. It's a very people-oriented job profession and management not only is about teamwork, and managing people it's also about driving your business, finances, accounting, etc.
Entry-level positions in retail sales typically entail only a high school diploma. Most positions provide training, but, some positions require you to have specialized knowledge of specific products and experience in selling them. Purchasing and managerial positions may require a bachelor's degree at minimum. You might choose to earn a degree in business, economics or another applicable course.
Some tips to work efficiently as a retail manager include Keeping updated with a to-do list, Training your staff, learning to say NO, delegating to your employees and scheduling important tasks.
Some good colleges in India providing retail management training include KJ Somaiya Institute of Management Studies and Research, Mumbai, Prin LN Welingkar Institute of Management Development and Research, Mumbai, Indian Institute of Social Welfare and Business Management, Kolkata and Amity Business School, Noida.
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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!