Do you like to work in shopping malls, outlets etc.? Are you good at organizing and planning things? If yes, you should consider a career in retail management.
Retail management is all about understanding the buying needs of the customer and helping them to purchase the desired product from the retailer. It is a process of achieving growth in sales & customer satisfaction by attaining a better understanding of the consumers of goods and services produced by the company. Retail management has reformed unorganized shopping place to organized shopping place.
Example: Hypercity, Big Bazar, Spencers, DMart are few retail chains in India.
What are the roles and responsibilities for Retail Manager?
- Retail manager improves operational efficiency through optimizing the retail process.
- Manage day to day store operations.
- Achieve or exceed sales target.
- Deal with customer queries and complaints.
- Monitor stock level, pricing and new purchases.
- Ensure compliance with health and safety legislation.
- Prepare promotional materials, marketing materials and displays.
- Prepare sales and revenue report and forecast.
What are the key skills required for Retail Management?
- Inventory Management
- People Management
- Customer Service
- Organizational skills
What are the career opportunities in Retail Management?
- Customer Care Executives
- Department Manager
- Retail Buyer
- Store Manager
- Supply Chain Distributer
- Warehouse Manager
- Brand Manager
- Marketing Executive
- Retail Manager
What is the salary and demand for Retail Manager?
- Demand is High for Retail Management.
- Salary levels are High for Retail Management. For fresher average salary is more than 5 Lacs.
- Fees levels of the course is Medium. To pursue this course student need to spend 3 to 4 Lakhs.
- Level of preparation for Retail Management is Medium. Students spend 1 year to prepare for entrance test of Retail Management.
1
1 Fees Medium
2
2 Demand High
3
High
4
4 Level Of Preparation Medium
Career Videos for Retail Management as a career curated from Youtube
What education is required to become a Retail Manager?
- Student can do 12th in any stream. Then complete BBA. Further you can Proceed with MBA in Retail Management.
- Student can do 12th in any stream. Then complete BBA. Further you can Proceed with Post Graduate Diploma in Retail Management.
- Student can do 12th in any stream. Then complete Diploma in Retail Management.
12th in any stream
BBA
MBA in Retail Management
12th in any stream
BBA
Post Graduate Diploma in Retail Management
12th in any stream
Diploma in Retail Management
What are the best colleges for Retail Management in India?
For Graduation
- Nirma University - [NU], Ahmedabad
- Symbiosis International University - [SIU], Pune
- Guru Gobind Singh Indraprastha University - [GGSIPU], New Delhi
- Symbiosis Centre for Management Studies - [SCMS], Pune
- Shree Guru Gobind Singh Tricentenary University - [SGT], Gurgaon
- ICFAI Foundation for Higher Education - [IFHE], Hyderabad
- SP Jain School of Global Management -[SPJSGM], Mumbai
- Banasthali Vidyapith, Jaipur
For Post Graduation
- Indian Institute of Management - [IIMB], Bangalore
- Indian Institute of Management - [IIMC], Kolkata
- Indian Institute of Management - [IIM], Lucknow
- University of Delhi, Faculty of Management Studies - [FMS], New Delhi
- Indian Institute of Management - [IIMK], Kozhikode
- Management Development Institute - [MDI], Gurgaon
- Indian Institute of Foreign Trade - [IIFT], New Delhi
- SP Jain Institute of Management and Research - [SPJIMR], Mumbai
- Institute of Management Technology - [IMT], Ghaziabad