NIMS University, Jaipur
- Fees: ₹ 400000
What is Retail Management
Retail Management is a course designed to equip students with the knowledge and skills necessary to manage and operate retail business effectively. Merchandising, marketing, customer service, supply chain management, and sales techniques are the topics covered in the course curriculum. Applicants gain knowledge of the complexities of retail operations, including shop design, inventory control, and trends and behaviour analysis.
To give students practical insights into the ever-changing retail environment, the course frequently incorporates case studies, real-world projects, and internships. The course focuses on the significance of technology innovations in the retail industry, such as e-commerce, digital marketing, and data analytics. Students receive training on how to improve customer experience and increase sales using a variety of tools and technologies.
Around 244 colleges in India offer various courses in Retail Management. Popular job roles include Store Manager, Merchandiser, Sales Executive, E-commerce Manager. Graduates can find employment in Westside, Pantaloons, Crossword, Globus, Piramals, Reliance, Big bazaar, Metro, Regal, Bata. The average of a Retail Manager in India is Rs. 7.8 LPA depending on the skills and experience of the candidate.
Retail Management Course Details
Particulars | Values |
Branch Name | Retail Management |
Degree | |
Duration | UG: 3 years PG: 2 years Diploma: 1-2 years |
Eligibility | UG: 10+2 in any stream PG: Bachelor’s degree in the same or related field |
Admission Process | Admission Examination/ Direct Admission |
Entrance Exam | UG: CUET UG, SET, NPAT PG: CAT, MAT, XAT, GMAT |
Course Fees | Rs. 45,000 - Rs. 8 lakhs |
Job Profiles | Store Manager, Merchandiser, Sales Executive, E-commerce Manager |
Average Salary | Rs. 7.8 LPA |
Recruiting Companies | Westside, Pantaloons, Crossword, Globus, Piramals, Reliance, Big bazaar, Metro, Regal, Bata |
Specialisation or Similar Ones
Retail Management consists of various specialisations that covers different aspects of the retail industry. These specialisations helps the professionals focus on specific areas of retail management, enabling them to tailor their skills to the demands of the industry and advance their careers in targeted directions. The following are some of the Retail Management specialisations:
Merchandising | |
E-commerce | Visual Merchandising |
Top Private Retail Management Colleges in India with Fees
Private institutes also offer Retail Management courses at both UG and PG levels. The fees are significantly higher than a government institute. However, private colleges provide a highly educated faculty and quality education. In the table below, we have mentioned the popular private colleges and their respective fee structure.
Colleges | Fees |
Rs. 13 Lakhs | |
- | |
Rs. 7.14 Lakhs | |
Rs. 9.25 Lakhs | |
Rs. 4.20 Lakhs | |
Rs. 13.50 Lakhs | |
Rs. 45,000 | |
Rs. 2.25 Lakhs | |
- | |
Rs. 3.44 Lakhs |
Top Government Retail Management Colleges in India with Fees
Attending a government business college is less expensive than attending a private college. These colleges are well known for their high academic standards throughout India. These institutions provide a good return on investment to students as they offer high-paying job opportunities to graduates. The following are some of the best government colleges that provide Retail Management:
Colleges | Fees |
Rs. 48,900 | |
- | |
- | |
Rs. 2.78 Lakhs | |
- | |
Rs. 18,000 | |
Rs. 1.20 Lakhs | |
Rs. 1.50 Lakhs | |
- | |
Rs. 32,700 |
Eligibility Criteria (UG & PG) of Retail Management
The admission conditions for Retail Management are very similar to other management specialisations. If you meet the requirements, you may get admission to some of the most prominent universities and colleges. The admission requirements of the course may vary by the institute, however, a general framework of the eligibility criteria is provided below:
Eligibility Criteria for UG Courses
Candidates who want to pursue Retail Management as soon as they finish their 10+2 have many choices. There are numerous higher education institutes for aspiring students to choose from. They must fulfil the required eligibility criteria to get admission to a college of their choice. A few major aspects of the admissions process are listed below:
- The candidate should have completed their 10+2 in any stream, including science, arts, and commerce, from a recognised Indian board.
- Aspirants must pass their higher education examinations with a minimum score of 50 per cent.
- Reserved category students may get some relaxation in the aggregate score.
Top Entrance Exams for UG Courses
A majority of colleges provide admissions based on entrance examinations. While, some colleges may provide admissions based on merit-scores obtained in the last qualifying examination. These examinations can be conducted at university, state, or national levels. After clearing the examinations, students can choose the college based on their cutoff scores.
Exam Name | Level | Conducting Body | Exam Schedule |
National | NTA | ||
University | Symbiosis International University | ||
National | Narsee Monjee Institute of Management Studies (NMIMS), Mumbai | - |
Eligibility Criteria for PG Courses
Candidates who wish to pursue a career in Retail Management may also apply to several colleges and universities. To get admission into a college and course of their choice, applicants must fulfil certain eligibility criteria. The following are some important factors to consider when applying for a postgraduate degree programme in Retail Management:
- Applicants must hold a bachelor's degree from a recognised university to pursue a master's degree in Retail Management.
- Candidates should also achieve the percentage requirements established by their college or university.
- Aspirants must also pass an entrance exam to get admission.
Top Entrance Exams for PG Courses
Candidates who aspire to pursue their post-graduation must appear for certain entrance examinations. Many colleges grant admissions to students based on their entrance test results as well as their merit scores. Students are required to clear the cutoff of these high-level tests to get admitted into a college of their choice. Some of the examinations are as follows.
Exam Name | Level | Conducting Body | Exam Schedule |
National | Indian Institute of Management Lucknow | ||
National | All India Management Association | ||
University/National | XLRI, Jamshedpur | ||
International | Graduate Management Admission Council |
College Predictors VIEW ALL
Scope of Retail Management in India and Abroad
Retail Management offers significant scope both in India and abroad, driven by the rapid expansion of the retail industry. Due to factors such as increased e-commerce, urbanisation, and rising consumer spending, the retail sector in India is one of the fastest-growing. Professionals with expertise in merchandising, store operations, and customer relationship management are in great demand because of the growth of organised retail chains, supermarkets, and shopping centres.
Retail management is a profitable career path in India as the rise of online retail platforms has brought about a change in digital marketing, supply chain logistics, and e-commerce management. Professionals in retail management are in high demand as businesses look to improve consumer experiences and increase their market share. They are vital to the management of luxury brands, cutting-edge e-commerce companies, and massive retail chains in developed countries.
Course Fees Retail Management
| Minimum Fees | Maximum Fees | |||
|---|---|---|---|---|
| Private | Government | Private | Government | |
| UG |
19.50 K
B.B.A in Retail Management at TeamLease Skills University, Vadodara
|
7.42 K
B.Voc. in Retail Management at Kuriakose Elias College, Mannanam
|
8.30 Lakhs
B.B.A in Retail Management at School of Management, GD Goenka University, Gurgaon
|
2.29 Lakhs
B.Voc. in Retail Management at Dr BR Ambedkar University, Karampura Campus, Delhi
|
| PG |
5.95 K
P.G.D in Retail Management at All India Institute of Management Studies, Chennai
|
10.00 K
P.G.D in Retail Management at Institute for Excellence in Higher Education, Bhopal
|
16.19 Lakhs
MBA in Retail Management at K J Somaiya Institute of Management, Mumbai
|
5.73 Lakhs
MBA in Retail Management at Footwear Design and Development Institute Noida
|
| DOCTORAL |
1.67 Lakhs
Ph.D in Retail Management at Indus University, Ahmedabad
|
---
Data not available
|
3.31 Lakhs
Ph.D in Retail Management at Monark University, Ahmedabad
|
---
Data not available
|
| DIPLOMA |
6.00 K
Diploma in Retail Management at Kendrapara Autonomous College, Kendrapara
|
3.19 K
Diploma in Retail Management at Tamil Nadu Open University, Chennai
|
1.44 Lakhs
Diploma in Retail Management at Sigma University, Vadodara
|
10.00 K
Diploma in Retail Management at Indira Gandhi National Open University, New Delhi
|
Course Subjects
The syllabus for Retail Management varies by the level of the programme. The UG programme and PG programme in Retail Management cover different aspects of the curriculum. The subjects included in the academic curriculum provide the necessary theoretical and practical experience to students that help them to further excel in their careers.
Retail Management Syllabus for UG course
The three-year professional undergraduate degrees in Retail Management are divided into six semesters. Management, Business mathematics, and Business Environment are the core subjects. The syllabus provided below is a framework of the curriculum of the B.A / B.Sc Retail Management and IT offered by the Central University Of Andhra Pradesh:
Semester 1 | Semester 2 |
Principles and Practices of Management | Organisational Behaviour |
Introduction to Marketing | Basic Accountancy |
Business Environment | Basics of Business Analytics |
Essentials of IT | Python Programming |
Business Communication - I | Business Communication -II |
Semester 3 | Semester 4 |
Research Methodology | Business Laws |
Customer Relationship Management | Business Strategy and Entrepreneurship |
Financial Management | Managerial Economics |
Production and Operations Management | International Business |
Web Technologies | Database Management Systems |
Semester 5 | Semester 6 |
Data Mining and Warehousing | International Retailing |
Fundamentals of Retail Management and Retail Services | Experiential Learning Project |
Retail Store Operations | Electives |
Store Keeping and Warehousing | - |
Retail Management Syllabus for PG course
Master in Retail Management is for either one or two years with a range of subjects related to organisational behaviour, marketing, and management principles. The programme prepares students for the corporate world by providing practical exposure and theoretical knowledge. A structured syllabus for a Diploma in Retail Management offered by Community College is provided below:
First Semester | Second Semester |
Principles and Practices of Management | Store Operations and merchandising |
Introduction to Retail Management | Supply chain management in retail |
Consumer Behaviour | Computer application and MIS |
Sales Management | E-commerce and online retailing |
Advertising and Brand Management | Retail Management -II |
Marketing Research | Internship project |
Careers in Retail Management
Retail Management offers a wide range of career opportunities for those interested in the dynamic world of retail. Experts make sure that stores run well, figure out what customers need, and increase sales. The retail sector is growing, and with it the need for qualified managers is also increasing. Some of the job profiles in the field are provided below:
Job Profiles | Job Descriptions |
Store Manager | Store Managers ensure effective personnel, inventory, and sales management by supervising the day-to-day activities of a retail establishment. They are in charge of hitting sales goals and upholding high standards of client satisfaction. |
Merchandisers choose and arrange products in retail establishments in order to increase sales and draw in customers. They compile and provide the most visually appealing product assortments by analysing consumer preferences and market trends. | |
Sales Executive | Sales Executives help consumers identify and buy things by having direct interactions with them, the goal is to close sales and increase income for the store. They are essential to offering top-notch customer support and successful product promotion. |
E-commerce Manager | E-commerce Managers are in charge of managing the website, digital marketing, and customer support, to increase sales. They guarantee a flawless online buying experience and put tactics into place to draw in and hold onto clients via digital channels. |
Upcoming trends
The way that businesses run and interact with their customers is changing due to emerging trends in retail management. The popularity of internet shopping, the personalisation of consumer experiences through data and technology, and the emphasis on sustainability are some of the major trends. Some of the upcoming trends in the field are:
- Omnichannel Retailing
- E-commerce Growth
- Personalization and Data Analytics
- Sustainability
- Experiential Retail
- Social Commerce
Job Profiles and Top Recruiters
A range of job profiles in retail management are available, each addressing a distinct side of managing and streamlining retail operations. These positions cover everything from controlling supply chains and e-commerce platforms to overseeing retail operations and visual merchandising. Every profile is essential to maintaining a retail business's seamless operation and raising consumer satisfaction.
Top Recruiters:
- Westside
- Pantaloons
- Crossword
- Globus
- Piramals
- Reliance
- Big bazaar
- Metro
- Regal
- Bata
Average Salary
After completing a Retail Management course, students will have a range of employment opportunities in different sectors. There are a variety of career opportunities available with different salary packages depending on and individual’s educational background and experience. The average salary packages of some of the most common job profiles are provided below:
Job Profiles | Average Expected Salary |
Store Manager | Rs. 9.8 LPA |
Merchandiser | Rs. 8.6 LPA |
Sales Executive | Rs. 4.8 LPA |
E-commerce Manager | Rs. 7.2 LPA |
Source: Ambition Box
The salary figures mentioned anywhere in these articles are just for reference purposes. Please treat them as such. Actual salaries may vary depending on respective candidates, employer, job location, and numerous other factors.
Required Skillset for Retail Management
Retail management requires strong leadership, excellent customer service skills, and a deep understanding of sales and inventory management. In addition to having strong problem-solving and communication skills, successful retail managers must also be able to motivate their teams while adjusting to shifting consumer demands. Some of the skills required for Retail Management are.
- Customer Service
- Leadership and Team Management
- Sales and Marketing
- Organisational Skills
- Interpersonal skills
- Relationship Building
- Brand awareness
- Financial Acumen
- Communication skills
Course Curriculum for Retail Management
A wide range of topics are covered in retail management courses in order to provide students the skills they need to succeed in the field. Foundational subjects like retail operations, which covers inventory control, customer service, and shop management, are covered first. Along with studying buying and merchandising, students also study price methods, product selection, and visual merchandising approaches.
Marketing and sales courses offer insights into customer behaviour, market analysis, and successful promotional techniques. E-commerce management, investigating online retail methods, digital marketing, and web analytics are common examples of advanced modules. Financial Management in Retail, which addresses profitability, budgeting, and financial analysis, may also be covered by the course.
Popular Retail Management Entrance Exams in India
MAT
Exam Date: 22 Dec, 2024
CSIR UGC NET
Application Process: 09 Dec, 2024 - 30 Dec, 2024
CMAT
Application Process: 14 Nov, 2024 - 25 Dec, 2024
XAT
Exam Date: 05 Jan, 2025
ATMA
Exam Date: 22 Dec, 2024
Popular Retail Management Colleges in India VIEW ALL
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JSS Science and Technology University, Mysuru
- Fees: ₹ 340000
- Exams: Karnataka PGCET
Dr DY Patil University, Navi Mumbai
- Fees: ₹ 170000
Singhania University, Jhunjhunu
- Fees: ₹ 40000
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Frequently Asked Questions (FAQs)
Question: What skills are essential for the Retail Management course?
Answer :
The skills essential for the Retail Management course are Analytical skills, Communication skills, Marketing skills, Interpersonal skills, Numerical ability, Brand awareness, and Relationship Building.
Question: How long is the course of bachelor’s in Retail Management?
Answer :
The course on Retail Management is a 3 year-long course which is divided into 6 semesters. There is also a compulsory internship to help students get further experience in the field.
Question: What are the topics covered in Retail Management?
Answer :
Retail Management covers topics such as store operations, merchandising, inventory control, sales strategies, and customer service. It also includes e-commerce management, financial analysis, and marketing techniques to effectively manage and optimise retail businesses.
Question: Is Retail Management difficult to study?
Answer :
Retail Management can be challenging due to the need to understand diverse aspects like sales strategies, inventory control, and customer behaviour. However, with practical experience and a strong grasp of core concepts, it becomes manageable and rewarding.
Question: What are the career options in the Retail Management course?
Answer :
The career options after the Retail Management course are: Store Manager, Merchandiser, Sales Executive, E-commerce Manager.
Questions related to Retail Management
Showing 62 out of 62 Questions
53 Views
im done my gradution with 45.91%an now i want to do mba in retail Management so can you guide me for that and also show me eligibility CAT and CET
Student Expert
24th May, 2020
Vicky, CAT is the entrance examination for admission to all the 20 IIMs and over 1000 participating Institutions for their Management programmes. To be eligible for CAT, you should have completed your Graduation in any discipline with a minimum aggregate of 50%. It is 50% for General Category and 45% for Reserved Categories. Now if you belong to General Category, unfortunately you do not qualify for CAT. Regarding CET, ever State has its own CET and so please do help us with the State you belong to.
Answer later 150 Views
Difference between BBA family business and BBA retail management
29th Jun, 2022
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.
68 Views
Retail management course available yes are no
2nd Jun, 2022
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 !!
150 Views
Retail Management vs Logistics and Supply chain Management... which one is better ??
28th Feb, 2022
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
222 Views
MBA in Retail Management or International Business, which has a wider scope?
27th Feb, 2022
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!
