Regarded as one of the largest markets globally, India’s retail sector is projected to reach about two trillion U.S. dollars in the coming years. The retail market in India is an impressive size, ranks among the top five global markets, and is contributing substantially to India’s GDP. Moreover, the sector generates over 8% of employment in the country making it a highly competitive market in India.
The significance of the retail sector in India enhances the scope and promising prospects of an MBA program in Retail Management. In this post, we will guide you on the MBA in Retail Management course and its details on eligibility, admission, and scope.
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MBA in Retail Management: Course Overview
MBA in Retail Management: Eligibility Requirements
- To be eligible, applicants must have a bachelor’s degree from a recognized university.
- They must have a minimum aggregate score of 50 – 60 percent in their bachelor's degree depending on the institute they apply to.
- A 5% relaxation on marks is given to the candidates from the SC/ ST section.
- Most institutes need entrance exam scores like CAT, XAT, CMAT, MAT, and SNAP, to be eligible for the course.
MBA in Retail Management: Admission Procedure
In general, most admissions to MBA Retail Management in B-Schools take place through entrance exams. However, it depends on the university/college to which you are planning to apply. Some colleges provide direct admission to students on a merit basis or based on a university/college-level entrance exam.
Hence, candidates can seek an MBA Retail Management admission by appearing for national or university-level entrance tests followed by a group discussion (GD) and a round of personal interviews (PI).
Why Pursue an MBA in Retail Management?
The retail sector is growing and along with the service sector is likely to generate over 90 million jobs in the next five to seven years. Unlike the other MBA specializations, an MBA in Retail Management offers broader career prospects and job opportunities for students. With the right expertise and a clear mindset, retail management graduates can explore multiple roles and earn handsome salaries.
Scope of MBA in Retail Management
As discussed, retailing is a dynamic sector and it consists of some of the biggest corporations in the industry. Graduates can start a career in retail management in entry-level roles in various departments like supervisory, merchandise shipment, client communication, sales, administrative services, and management. The industry offers millions of career opportunities globally.
An MBA in Retail Management offers a wide scope of careers for graduates. They can gain insights on new and advanced business trends and acumen to support their job roles of managing retail businesses efficiently in India and across the world.
Here are some job roles for graduates of MBA in Retail Management:
- Supply Chain Distributor
- Retail Manager
- Retail Buyer Merchandiser
- Store Manager
- Marketing Executive
- Customer Care Executives
- Analyst
- Warehouse Manager
- Image Promoter
- Brand Manager
- Retail Executive
- Advertising Manager
- Administrative Officer
- Sales Manager
With experience, candidates can expect to grow further in this industry and earn good increments and greater designations.
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Conclusion
To conclude, an MBA RM or Retail Management equips candidates with specialized skills to thrive in the growing retail industry. The industry offers diverse career opportunities and competitive salaries making it an ideal choice for aspirants willing to enter the retail industry in India and across the globe.
An Online MBA in Retail Management is an ideal course for students and working professionals to start a fruitful career in this field. You may also enroll in the 1-year diploma courses in retail management.
If you are looking for an online MBA course or a PGDM in Retail Management, Amity University Online is the best choice to enroll in the program. You can explore the official portal of Amity Online to find other rewarding online degree courses in varied areas.
