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
Welingkar Institute of Management, Mumbai	PGDM Retail Management	2 years	30	A minimum 50% in graduation & appeared for CAT.
K J Somaiya Institute of Management Studies & Research, Mumbai	PGDM Retail Management	2 years	60	Somaiya Entrance Test, followed by Communication Test, GD and Interview
Pearl Academy of Fashion, New Delhi	PGDM Fashion Retail	2 years	60	Graduate in any discipline
Birla Institute of Management Technology, Greater Noida	PGDM-Retail	2 years	60	A Bachelor’s degree in any discipline.
National Institute of Fashion Technology (NIFT), New Delhi	Fashion Retail Management (FRM)	1 year	40	Graduation in any discipline or 3 year Diploma from NIFT/ NID.
Narsee Monjee Institute of Management Studies,  Mumbai	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.
IILM Graduate Sschool of Management, Greater Noida	PGDM in Retail	2 years	60	Graduate in any discipline with 50% marks in aggregate and qualified in CAT/ MAT/ ATMA and GD+PI
Jaipuria Institute, Lucknow	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
MIT School of Distance Education, Pune	PGDM Retail Management	2 years	—	Any Graduate or Diploma holder with three years of experience
Symbiosis Centre for Distance Learning (SCDL), Pune	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