Friday, August 3, 2012

Career in Retail Management

Retail Industry is one of the fastest growing industry in India. Every year hundreds of new retail store are opening across India. Retail industry is one of the highest employment generators in Indian economy.  As the number of new retail stores is increasing everyday in India, there is large requirement of retail management professionals for achieving store sales and profitability, processing all merchandise shipments, communication with the clients to achieve their administration of stores, satisfaction etc.

Eligibility: -
For admission in graduation course in Retail Management one should have completed his 10+2 education. Common Admission Retail Test is a national level test which a candidate can take. This test is  the basis for admission to Postgraduate Programme in Retail Management (PGPRM) offered in 15 B-Schools across India. Candidates applying for CART must hold a bachelors degree with 50% marks.

Courses
A course in retail management consist of accounting, marketing strategies, finance management, business mathematics, ethics and law, customer relation, electronic retailing, supply chain management, business communication and Retail buying and operations are some of the topics related to Retail management courses.

Career Prospects
Plenty of job opportunities are available in retail sector. Jobs of department managers, assistant store managers, buyer trainee, merchandising assistant, customer service representative, and management trainees are available in the retail sector. Most of the telecom service providing companies also need trained graduates to run their retail shops.  A lot of jobs are available in music stores, shopping malls, books and publishing industries, multiplex, processed food industry, and garment industry. Many MNCs like Nike, Kodak, Adidas, Pizza Hut, Dominos, Sony, Sharp, Benetton, and Levis recruits the skilled retail professionals. Banking, finance and insurance companies recruits retail managers to sell their products directly to the customer.

Remuneration
The remuneration in the retail industry depends up on the company, the area where you work and nature of work. A graduate in retail management normally start with a salary of Rs 15,000 to Rs 25,000 per month in private sector.With some good experiences in retailing one can easily reaches up to 6-figure pay packages.

Top Institutes of Retail Management in India

Institution
Course
Duration
Seats
Eligibility Criteria

PGDM Retail Management
2 years
30
A minimum 50% in graduation & appeared for CAT.

PGDM Retail Management
2 years
60
Somaiya Entrance Test, followed by Communication Test, GD and Interview

PGDM Fashion Retail
2 years
60
Graduate in any discipline

PGDM-Retail
2 years
60
A Bachelor’s degree in any discipline.

Fashion Retail Management (FRM)
1 year
40
Graduation in any discipline or 3 year Diploma from NIFT/ NID.

Merged with the MBA programme, optional specialisation in the 2nd year
2 years
300
10+2+3 degree 50% marks at degree level. Work experience   will be preferred.

PGDM in Retail
2 years
60
Graduate in any discipline with 50% marks in aggregate and qualified in CAT/ MAT/ ATMA and GD+PI

PGDM Retail Management
2 years
60
Bachelor’s degree with at least 50% aggregate marks or equivalent CGPA in any discipline from a University recognized by Association of Indian
Universities / AICTE

PGDM Retail Management
2 years
Any Graduate or Diploma holder with three years of experience

PGDM Retail Management
1 year
Graduate in any discipline from a recognised University, Diploma holders, with minimum 5 years supervisory experience after completion of diploma


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