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Career Library > Retail Management

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