Are you interested in pursuing a good retail management course? If yes, this article will be of help to you. Here, I’ve listed some of the best retail management courses available in India. You will find details such as – name of the course, eligibility criteria, duration of the course etc.
Retail management courses are job oriented in nature. Retail sector is booming in India. This sector is generating ample job opportunities right now. This trend is expected to continue in the future too!
What is retail management all about? What do retail management professionals do? What’s the scope associated with this field? You will find answers to these questions in the next section.
What is retail management?
In simple terms, retailing deals with the process of selling consumer goods or services to customers through multiple channels of distribution to earn a profit.
Retailing has been around the block for quite some time now. Retail markets, shops and door to door selling have been around the block for quite some time.
Retailers play an important role in bridging demand and supply gap of products and services. It is the final stage of distribution of a product or service (from manufacturing to reaching the customer in the end).
Earlier, brick and mortar firms (shops and stores) and door to door sales used to be the only forms of retailing. With the rise of modern technology, E-Commerce has caught retailing by storm!
With time, retailing has evolved. Shopping malls, E-Commerce websites and other multi-channel distribution systems have made retailing sector bigger and better!
What is retail management, you may ask. Retail management deals with the techniques, processes and methods that helps drive greater sales and customer satisfaction by gaining a better understanding of the consumers of goods and services produced by a company.
Retail Management deals the following main domains –
- Store management
- Customer service
- Sales management
- Logistics management
- HR management
What’s the scope of retail management in India, you may ask. As I mentioned before, retail sector in India is performing well at the moment. There are ample job opportunities available in this sector. Indian and foreign firms are investing heavily on this sector.
With the introduction and growth of E-Commerce in India, retail management has just got stronger! It now has a new vertical for growth!
Retail management courses after 12th and Graduation
In India, retail management courses are available in three main formats –
- Diploma courses
- Bachelor’s Degree courses
- PG Courses (Master’s and PG Diploma programs)
Here are some of the most popular retail management courses available in India –
|Name of course||Eligibility criteria|
|Diploma in Retail Management (1 year)||12th passed|
|BBA in Retail Management (3 years)||12th passed|
|B.Sc. in Retail Management (3 years)||12th passed|
|Bachelor of Fashion Merchandising and Retail Management (4 years)||12th passed|
|MBA in Retail Management (2 years)||Completed Graduation|
|M.Sc. in Retail Management (2 years)||Completed Graduation|
|PG Diploma in Retail Management (1-2 years)||Completed Graduation|
|PG Diploma in Fashion Merchandising and Retail (1-2 years)||Completed Graduation|
Career prospects and retail management jobs
As I mentioned before, retailing sector is quite strong in India. Traditional forms of retailing, E-Commerce and omni-channel distribution systems are doing very well in India. In short, retailing sector will generate decent job opportunities in the future.
Retail management professionals are recruited by –
- Shopping Malls
- Super Markets
- Retail Outlets (of various firms)
- Supply Chain Firms
- Logistics Firms
In the above mentioned firms, retail management professionals may don the following roles –
- Retail manager
- Store manager
- Operations manager
- Sales analyst
- Sales manager
- Brand manager
- Marketing manager
- Accounts manager
Starting salary of a retail professional depends upon a number of factors. Some of the prominent factors are –
- Institute from which the candidate completed the course
- Level of education (UG, PG etc)
- His/her specialization
- The domain he/she has chosen
- Job location
On an average, starting salary could be anywhere between 15-25K INR per month. In case of a Government job, the salary will be as per the pay scale and grade.