Admission to the MBA in Retail Management in 2023: The MBA in Retail Management is a two-year postgraduate degree program with four exams that are based on the semester system. Students learn about the essential managerial abilities needed for retail management in this course. This degree is earned after successfully finishing a bachelor’s degree with a minimum of 50%. It is a subfield of degrees in sales and marketing. For marketing specialists, this degree is a speciality. Many colleges provide admission for MBAs in retail management.
Master of Business Administration in Retail Management in its full form
Selection Method: Entrance test and merit
Qualifications: Graduation from an accredited university with a minimum GPA of 50%.
Leading Employment Agencies: IBM, Infosys, Wipro, Accenture, etc.
Top Universities include NIMS University, Birla Institute of Management Technology, and NMIMS.
The banking industry, educational institutions, healthcare sector, retail operations, and many more are top recruiting industries.
Among the top job descriptions are those for retail executive, advertising manager, administrative officer, regional manager, and sales manager.
Admission Highlights for an MBA in Retail Management
|Course Name||MBA Retail Management|
|Course Level||Post Graduate|
|Admission Process||Based on the merit list, Entrance Test, and Interview some of the institutes and colleges|
|Eligibility||Minimum 50% marks in Bachelor’s degree in any specialization|
|Course Fee||INR 40,000 to INR 2,00,000|
|Average Salary||2.5 LPA to INR 9 LPA|
|Recruiters After MBA||Reliance Retail, Future Group, Trent, Aditya Birla Retail, itan, Shoppers Stop, The Raymond Group, Godrej Consumers Product Ltd.|
|Other Specializations||Merchandising, Marketing, Customer Relation, Mall Management, Operations, Marketing Strategies, Accounting, and Buying.|
|Job Roles||product manager, marketing executive, sales manager, merchandiser, sales executive, store manager,|
MBA Retail Management: What is it?
All facets of retailing are covered throughout the course. The trade of products or services on a small scale is known as retailing. This course examines this kind of trading. The techniques and methods are taught. The business would gain the most from using these methods.
The study’s goal is to support the development and smooth operation of retail enterprises. Additionally, the training covers fundamental management ideas. Detailed retail topics are also included. These two ideas are extremely important in the modern society. This degree is highly sought after because of this.
In order to get admitted to this course, a person must:
own a bachelor’s degree in any discipline.
They must have an aggregate of 50–55 percent.
They have to succeed on the required entrance exam.
Both the group conversation and the individual interview must go well.
Admission to MBA in Retail Management 2023
A 2-year PG-level management degree in retail management is known as an MBA. The primary goal of the course is to produce highly qualified specialists in retail management.
Retail management deals with the administration of the exchange of commodities between the buyer and the supplier. The ideas and concepts linked to retail management are all included in this curriculum, which is a stream of management discipline. Basic management principles, marketing management, consumer behavior, international retailing, logistics promotion, retail planning, strategic management, business ethics, and the business environment are all covered in the MBA Retail Management Syllabus.
Admission to the MBA in Retail Management program is available at several institutions in India. The two most renowned institutions for this MBA program are BU Coimbatore and DYPSM Mumbai.
Admission Requirements for MBA in Retail Management
Admission to the MBA Retail Management program requires a graduating degree with a minimum GPA of 50%.
Admissions to this MBA RM course are appropriate for holders of a BBA/BA in Retail Management.
MBA Retail Management enrollments are offered on a direct-entry basis.
Popular entry examinations for this management course include the CAT and GMAT.
MBA Entrance Exam for Retail Management
The most well-liked entrance tests for MBA Retail Management in India are CAT, CMAT, and MAT.
Admission Fees for an MBA in Retail Management
Depending on the university, the average academic expenses for the MBA Retail Management program range from Rs 40,000 to Rs 2 lakhs.
Admissions for MBAs in Retail Management in 2023
Admission to the program is solely determined by merit. For admission, students must receive acceptable grades from the universities. Therefore, everything is based on the pupils’ grades. Direct access is possible as well as via entrance exams. There is also the quota system. The applicant must hold a bachelor’s degree. They are required to have a 50% total. Reserved pupils are excluded from the rule.
Following success on the entrance exam, a group discussion is held. Additionally, students go through individual interviews. These are used to evaluate the student’s ability.
The program is a degree in management. As a result, those having managerial interests ought to choose. The expanding part of it is the global trade. The expanding trade expands the economy. As a result, commerce is essential to all businesses and economies. Therefore, there is a global need for experts in trade management. They are praised because their abilities benefit various industries.
MBA Admissions for Retail Management Syllabus
|Year I||Year II|
|Principles of Management and Organisational Behaviour||Buyer Behavior|
|Managerial Economics||Retail operations management|
|Accounting and Finance for Managers||International Retailing|
|Marketing Management||Retail planning|
|Human Resource Management||Logistics and sales promotion|
|Quantitative Techniques for Management||Retail sales techniques and Promotion|
|Research Methods for Management||Direct & Network Marketing|
|Corporate Communication||Business Environment and Ethics|
|Operations Management||Strategic Management|
Career Prospects for MBA Admission in Retail Management
Indian retailing is quite successful. They thereby create excellent jobs. Every retail location needs these skilled retail practitioners. They are hired by shops, companies, and other organizations. In markets, supply chains, trading companies, etc., they might also have a chance.
This course is best for those who want to work in the trades. These experts work for ITC Retail, Colleges, Spencer, AB Group, and TATA, among other companies. One can continue their education to earn a Ph.D. in retail management after earning an MBA in the field.
Offers for MBA Retail Management Salary
The Retail Manager receives a yearly compensation that ranges from 2.5 to 9 lakhs on average. Floor manager, store manager, retail manager, marketing executive, shopping operational manager, visual merchandiser, etc. are all positions available to those with a background in retail management.
Roles for MBAs in Retail Management
The Best Employers for MBA Students in Retail Management
V-mart retail limited
Ebony retail holdings etc