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What Is The Scope Of Retail Management In India?

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Jagpreet

17 November, 2021

What Is The Scope Of Retail Management In India?

About Retail Management

The process of assisting consumers in obtaining desired products from retail outlets for personal use is referred to as retail management. It entails all of the processes necessary to entice customers inside the store and meet their purchasing desires. Retail management saves time and guarantees that customers can find what they want quickly and go home happy.

Diploma courses, bachelor’s degree courses, certification courses, professional courses, and postgraduate courses are the three types of retail courses available in India. Candidates can enroll in either full-time or part-time retail courses.10+2 or equivalent qualification is the minimum requirement for retail courses.

Retail courses at colleges, institutes, and universities are designed to give students a thorough grasp of the retail industry. Students are trained to recognize difficulties, think creatively, and devise new ways to improve the retail process. Candidates who pursue retail courses will be able to work in a range of retail settings, such as shopping malls.

What is the scope of retail management? 

The retail sector in the country is currently booming, providing plenty of career prospects for people with a passion for sales marketplaces, business diversification, campaigning, advertising, market research, and segmentation. With the continuous expansion of the retail industry, there is a growing demand for retail courses that will prepare students to cope with the tactics, procedures, and methods that will help them generate more sales and customer satisfaction.

Retail management has become one of the fastest-growing occupations in the industry as the economy has grown significantly. The retail industry in India is the most appealing and fastest-growing in the world, demanding an increase in competent expertise in this discipline.

It intends to create a new generation of international-caliber smart retail experts by providing them with global best practices.

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Retail Management Courses available in India: 

Candidates can enroll in retail diploma, degree, and certification programs. The top retail courses, as well as their typical fees, are listed below.

Courses Average Fees
MBA Rs 2 lakh to Rs 10 lakh
BBA Rs 9,000 to 7 lakh
B.Voc Rs 30,000 to 5 lakh
Executive MBA/PGDM Rs 50,000 to 4 lakh
Certificate courses Rs 12,000 to 32,000
Post Graduate Diploma in Management Rs 20,000 to 7 lakh

 

Also Read: Top Online MBA Colleges in India For Retail Management

 

Candidates must meet the following requirements in order to apply for retail courses.

  • Candidates for admission to UG programmes must have completed Class 12 and scored well on entrance exams administered by state, national, and private universities.
  • Candidates for PG programmes in retail must have completed a bachelor’s degree in any field (science, arts, commerce, engineering, etc.) from a recognised university and scored well on the entrance exams.

Admission tests for top retail courses

Candidates must take entrance tests in order to be admitted to retail courses. To grant admission to this program, most institutes accept scores from national level exams such as the CAT, XAT, MAT, CMAT, and others. State, Central, and Private Universities all have their own entrance exams in addition to these national tests. Candidates are invited to a personal interview and a group discussion after passing the entrance exams (this depends on the requirement by the university).

What are the career options for Retail Management? 

Retailing is a fast-paced industry with a diverse range of industries and some of the world’s most recognizable brands. Supervisory, client communication, merchandise shipment, sales, management, and administrative services are all options for candidates with a retail management background.

More than 2 million jobs are available in retail management around the world.

What are the job roles? 

  • Retail Manager 
  • Store Manager 
  • Retail Buyer 
  • Warehouse Manager 
  • Brand Manager 
  • Customer Care Executives 
  • Image Promoter 
  • Merchandise Manager 
  • Merchandiser Analyst 
  • Supply Chain Distributer 
  • Marketing Executive 
  • Department Manager 

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