MBA Retail Management: Course, Syllabus, Top Colleges, Fees, Admission, Scope, Salary

What is an MBA in Retail Management course?

MBA in Retail Management or Master of Business Administration in Retail Management is a two-year course at the postgraduate level. MBA in Retail Management course provides advanced knowledge in the field of retail management. It provides the skills to oversee the distribution and selling of various products directly to consumers. The students are taught various principles related to the operations of retail which include buying, inventory control, financing, marketing and related operations. The MBA in Retail Management syllabus consists of a wide range of subjects, such as Principles of Retailing, Franchising in Retailing, Retail Selling, Consumer Behaviour, Operations Management, and Retail Management Strategy.

Students aspiring to make a career in retail management must meet the eligibility criteria specified by their preferred institution. They are required to appear for relevant entrance examinations and meet the cutoff specified by the institution. Completing an MBA in Retail Management course opens up a plethora of career opportunities for students including Retail Manager, Brand Manager, Brand Manager, Department Manager, Store Manager, Product Manager and Warehouse Manager.

Highlights - MBA in Retail Management

MBA Retail Management Eligibility Criteria

The eligibility criteria for an MBA in Retail Management is defined as the minimum requirements that the candidate has to meet in order to get admission to their preferred institute. The eligibility criteria is different for every institute but there are some common requirements required by every institution. Students are advised to check the eligibility criteria of their chosen institution by visiting the official website of the institute or by looking at the programme brochure available for download on the website.

• Candidates must have a Bachelor’s degree in any discipline or be in the final year of graduation from a recognized university in India. They must score a minimum aggregate of 50 per cent to be eligible for admission.

• They must appear for relevant MBA entrance exams such as the CAT, XAT, CMAT, and SNAP and achieve a relevant score.

• Applicants must meet the cutoff which is specified by the institute and varies from one exam to another.

• Some colleges focus more on a candidate's merit score while others focus more on the overall profile and resume of the applicant. They also prefer work experience of at least one year before applying for admission.

Popular Management Colleges in India

MBA Retail Management Admission Procedure

The admission procedure for MBA Retail Management varies depending on the institution, but it remains more or less the same. Some of the MBA Retail Management colleges prefer the overall merit score and performance in past academics while others focus on the overall profile of the candidate. The admission process for MBA Retail Management consists of an entrance examination followed by Group Discussion and Personal Interview sessions to select the most suitable candidate.

• Candidates must appear for relevant MBA entrance examinations including CAT, XAT, MAT, CMAT, and SNAP and score a valid percentage. They are also required to meet the cutoff specified by the institute.

• Students who have successfully cleared the entrance examination and met the cutoff are required to apply for admission to their preferred institute.

• The admission process is then followed by GD-PI rounds to select suitable candidates.

• Candidates who are shortlisted are required to submit the course fees along with the required documents required by the institute to conclude the admission process.

Top MBA Retail Management Entrance Exams

CAT: CAT also known as the Common Admission Test is a national-level MBA entrance examination. It is an online exam of two hours duration. It is one of the most popular MBA entrance exams in India and is accepted by almost all B-schools in India.

XAT: XAT or Xavier Aptitude Test is another prestigious national-level MBA entrance exam conducted by XLRI Jamshedpur. The exam is conducted in online mode and is three hours long.

MAT: Management Aptitude Test popularly known as MAT is conducted both in online and offline mode and conducted four times a year.

SNAP: Symbiosis National Aptitude Test also known as SNAP is conducted by Symbiosis University. The university has 16 colleges and conducts the SNAP exam every year for admission to its MBA programme.

Cutoff for Top Colleges

MBA Retail Management cutoff is a set of criteria that candidates have to meet in order to be eligible for admission to their preferred college. The cutoff varies depending on the entrance examination and the overall status of the college. Candidates are advised to meet the eligibility criteria of their preferred college to be eligible for admission to MBA Retail Management.

MBA Retail Management Skills Required

Retail Management like every other field requires certain skill sets in order to excel in the future. In the table below, we have listed some of the most important skills required by candidates wishing to pursue an MBA in Retail Management course.

MBA Retail Management Subjects/ Syllabus

The syllabus for an MBA in Retail Management varies from one college to another, but it remains largely the same. In the table below we have mentioned the MBA Retail Management subjects offered by Amity Business School, Noida.

MBA Retail Management Engineering Fees

The fees of MBA Retail Management vary depending on the type of institution whether the institute is private or public. Candidates are advised to check the fees of the course by visiting the official website of the institute. The average fees of an MBA Retail Management course ranges from Rs 54,040 to Rs 6.80 Lakhs.

MBA Retail Management Scope

The Retail Industry is growing rapidly and is expected to grow more in the coming years due to an increase in e-commerce and advancements in the retail industry. Retail Management also contributes substantially to the world’s economy. Students after completing an MBA in Retail Management course can join various fields such as Retail Manager, Supply Chain, Merchandising, E-Commerce, Business Development. Retail Industry.

Career Options after MBA in Retail Management

MBA in Retail Management offers lucrative career opportunities to graduates in the field of Retail Management. Mentioned below are some of the most popular career options chosen by the candidates after completing MBA in Retail Management.

Retail Manager: Retail Managers play an important role in managing the staff and operations in a store, showroom or supermarket. They are responsible for managing the business and supervising daily the retail outlets, including the sales, inventory and management of the resources.

Supply Chain Manager: Supply Chain managers are responsible for overseeing the supply chain at every level. They play an important role in planning and executing the steps on how to purchase the raw materials and manage its distribution to various units of the business. They ensure that the production unit is producing enough to meet customer demands by minimising the cost and maximising efficiency.

Business Development Manager: Business Development Managers assist the business to grow. They find new clients and maintain professional relationships with existing and potential clients. They find new leads and arrange meetings to convert the leads and generate revenue for the company.

Benefits of Studying MBA Retail Management

Studying an MBA in Retail Management offers many benefits for the individual. Since Retail Managers perform many tasks in a day and interact with upper management, they are able to schedule their day effectively and learn time-management which is a very important skill nowadays. They interact with many clients and superiors on a daily basis which improve their overall communication skills. MBA in Retail Management graduates can work in various disciplines including Malls, Shops, E-Commerce making the field very diverse.

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MBA Retail Management Salary in India

The expected salary after graduating from an MBA Retail Management course depends on many factors including job profile, location of the job, experience of the person and status of the company. In the table below we have mentioned the salaries of some of the most popular career options chosen by the graduates after completing the course.

List of Top MBA Retail Management Colleges in India

MBA Retail Management course is offered by many institutions across India. Admissions to the colleges are based on the percentage scored by the candidates in the entrance exams and performance in the GD+PI rounds conducted by the B-Schools. In the following table, we have mentioned the top colleges in India offering MBA Retail Management courses.

List of Top Private MBA Retail Management Colleges in India

In India, there are many private colleges and universities offering MBA Retail Management courses. In the table below we have mentioned the top private colleges offering MBA Retail Management courses.

List of Top Government MBA Retail Management Colleges in India

Many government colleges offer MBA in Retail Management courses. They are a lot more affordable as compared to private colleges. In the table below we have mentioned top government colleges offering MBA Retail Management courses in India.