Career in Retail Management - Colleges, Education, Salary 2024

About Career

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.
Provide seamless customer experience.
Achieve or overachieve 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
Image Promoter Merchandise Manager
Merchandiser Analyst
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	Fees	Medium
2	Demand	High
3	Salary	High
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.

Career Navigator 1

12th in any stream

BBA

MBA in Retail Management

Career Navigator 2

12th in any stream

BBA

Post Graduate Diploma in Retail Management

Career Navigator 3

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
Jamia Millia Islamia University-[JMI], New Delhi
Jamia Hamdard University, New Delhi
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
Xavier Labour Relations Institute - [XLRI], Jamshedpur
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