MBA IN RETAIL MANAGEMENT
MBA in Retail Management involves the application of administrative skills for formulating the merchandising process effectual and well-organized. The program mainly focuses on the basics and practices concerning the functional areas of management. Courses are designed to cover subjects from facilities to promotion and accounting to corporate analysis. The program will help in creating new generations of skilled retail specialists who are trained with the best retail supervising policies performed throughout the world.
It is a 2 years course that are divided into semesters/terms. Institutes mostly have two semesters or three semesters in one annum. MBA in Retail Management is also available through distance learning. The minimum duration of the course for distance mode is 2 years and the maximum duration is 4 years. Executive MBA for the program is also accessible for working professionals.
ADMISSION ELIGIBILITY FOR MBA IN RETAIL MANAGEMENT
Candidates applying for MBA in Retail Management are required to complete a Bachelor’s degree of minimum 3 years’ duration in any discipline from a recognized university. Along with it, candidates should also qualify any nationalized entrance examination such as CAT/MAT/GMAT/XAT, etc. depending on the requirements of the institute.
RETAIL MANAGEMENT MBA SYLLABUS
The courses for initial first year remains same in all the MBA courses. Specialization begins from the second year with subjects such as:
- Marketing Research
- Merchandising Management
- Human Resources Management
- Financial Management
- Shoppers’ Behavior
- Strategic Management
- Franchising in Retail
- Lean Six Sigma in Retail
- Mall Dynamics and Real Estate Management
- Retail Branding
- Customer Relationship Management
- Advertising and Sales Promotion
- Rural Retail
- Business Communication
- Retailing in Insurance Products and Financial Services
RETAIL MANAGEMENT MBA FEE STRUCTURE 2021
The fees ranges from 2,00,000 INR to 10,00,000 INR depending on the institutes providing various facilities for its students.
SCOPE OF MBA IN RETAIL MANAGEMENT
Students studying MBA in Retail Management are imparted with the skills to recognize the complications, think innovatively and derive modern approaches to improvise the merchandising process. This is one of the most flourishing program in MBA which helps the students recognize varying trends of shopping in urban areas and focus on the implementation of modern executive practices in the corporation. Thus, it makes the students future ready with the taught abilities for this ever changing merchandising market.
Graduates pursuing Retail Management degree can apply in both government and private jobs. These job vacancies are also available in MNCs. They are provided with job responsibilities of: Marketing executive, Product Manager, Executive, Sales Manager, Sales Executive, Store Manager, Merchandiser, etc. Remuneration to the candidate mostly depends on the personal qualification, experience, along with the profitability, organizational level and other factors.