MBA Retail Management delivers the skills and knowledge required for retail management. It is a two-year postgraduate program that provides training and understanding essential managerial abilities needed to simplify the retail process.

Admission to the MBA in Retail Management requires a bachelor’s degree with a minimum grade point average of 45% from a recognized university. Admission is based on the same criteria as other regular courses.

NMIMS, Birla Institute of Management Technology, NIMS University, and other prestigious universities offer MBA degrees in Retail Management. The typical cost of such a program may range between INR 50,000 to INR 4,00,000. Private colleges providing an MBA in Retail Management are more expensive than their public counterparts.

MBA Retail Management graduates are qualified for the retail store manager, regional manager, branch manager, institution sales manager, and service manager.

The average beginning wage for such a professional may range from INR 3.4 LPA and INR 6 LPA, rising significantly with experience. They may also pursue a Doctor of Philosophy in the discipline of management.

MBA Retail Management Admission

• The majority of MBA programs in retail management need admission tests.
• Although some institutions grant direct admission to students based on merit or management quotas, most colleges require students to apply for admission. Examine MBA Admission Procedure
• Admission to the MBA in Retail Management can be gained by national-level examinations or other university entrance exams.
• The admissions process begins with either national-level or entrance examinations, followed by a group discussion (GD) and a personal interview (PI).

MBA Retail Management: Eligibility Criteria

• Candidates must have an undergraduate degree from an accredited institution.
• They must get a minimum of 50 to 60 percent for their graduation; however, this varies from institution to institution.
• Applicants from the SC/ ST/ PwD categories are granted a 5 percent admissions discount for this program.

MBA in Retail Management Jobs and Career Opportunities

Retail Manager

They are responsible for the day-to-day operations of a retail firm or retail establishment. The duties may involve engaging with clients, inspecting inventory, and overseeing employees.

The annual salary range for Retail Managers is between Rs 3 and Rs 5 lakhs, depending on the candidate’s skillset and level of expertise.

Market Manager

A Brand Manager’s responsibilities include controlling the brand’s image and ensuring that the brand leaves a lasting impact on customers. They manage advertising strategies to expand the brand’s audience and enhance its reputation.

The average monthly compensation for brand managers is around Rs 50,000. However, this value varies with each business.

Marketing Manager

Executives in marketing are tasked with creating campaigns and promotional activities to increase the product’s popularity. They must determine which advertising technique is optimal for the company or, more precisely, the brand.

Marketing executives are compensated between Rs 2 lakhs and Rs 5 lakhs annually.

Department Manager

Large retail establishments are typically split into several departments or divisions. Each area also requires a supervisor responsible for the section’s product sales, ensuring that all items are supplied, dealing with consumers, and other duties.

Department Managers are typically compensated between Rs 3 lakhs and Rs 4.5 lakhs annually.

Store Manager

A Store Manager is accountable for the whole retail establishment. He may supervise a large number of department managers and is responsible for the sales and product management of the entire shop. They are accountable for the entire store and are properly compensated. Typically, their annual income ranges between Rs 3 and Rs 5 lakhs.

MBA Retail Management Package And Salary

The compensation for MBA in retail management graduates ranges from Rs 3 to 6 lakhs per annum, depending on the institute and the hiring organization. However, this range is not fixed.

The candidate’s qualifications are given considerable weight, and the remuneration is also dependent on the employer. Prepare and arm yourself with the required tools to obtain a better deal.

The annual remuneration of mid-level executives is between Rs 7 lakhs and Rs 12 lakhs, depending on experience.

Typically, entry-level employees begin with a lesser salary than seasoned experts. Many corporations pay their brand managers up to Rs 27 lakhs per year (experienced).