This content description is about the Retail Management profession, admission notification, eligibility criteria, salary of a retail manager and the list of best retail management institutes in India offering admission. Read the full story to know more about Retail Management admission 2023 and how can you make your career in this domain.
Table of Contents
Introduction to Retail Management
The Retail Management is a profession regarding the promotion of retail stores by offering complete satisfaction to its customers. The demands for retail management specialists are increasing day to day. The growth percentage of global retail industry in the year 2015 was 35% whereas, in India, it was 25%.
Those who wish to become Retail Management specialist can get themselves enrolled into the top institutes that offers courses in Retail Management. There are various certificate courses, diploma courses, postgraduation diploma courses, bachelor’s degree courses, master’s degree courses in retail management. Admissions to these courses are done on the basis of candidates’ performance in entrance exam or qualifying exam, as per the rules of the institutes. In India, one can find a number of institutes offering courses in the field of retail management.
Undergraduate course in the field of Retail Management has become one of the most demanding courses after 12th in the past few years. A basic overview of this program can be found below.
|Course level||Postgraduation level course|
|Course duration||2 years|
|Minimum eligibility||The candidates should hold a graduation degree in any stream.|
|Admission process||Some institutes admit candidates on the basis of entrance exam, other on the basis of merit.|
|Top recruiters||Shoppers Stop Limited, Reliance Group, Future Retail Limited, DMart, ITC Retail, Aditya Birla Fashion & Retail Ltd, V-Mart Retail Limited, Tata Groups, Lifestyle International|
|Job position||Retail Manager, Department Manager, Store Manager, Warehouse Manager, Brand Manager, Merchandise Manager, Merchandiser Analyst, Retail Buyer, Supply Chain Distributer, Marketing Executive, Customer Care Executives, Image Promoter|
List of Retail Management Courses Available in India
The list of courses in the field of retail management can be found below. Candidates can pursue any these courses as per the goal, area of interest and their eligibility. Let’s have a look on major courses on Retail Management:
- Certificate course in Retail Management (6 months to 1 year)
- Diploma in Retail Management (2 years to 3 years)
- Bachelor of Fashion Retail Management (3 years)
- BSC Retail Management (3 years)
- MBA In Retail Management (2 years)
- PG Diploma in Fashion Retail Management (2 years)
The basic eligibility criteria for admission to Retail Management degree program are provided below:
- A pass in class 12th exam or its equivalent from a recognized board with prescribed minimum qualifying marks is required to be eligible to undergraduate Retail Management course.
- Candidates who will appear in their class 12th exam in the year 2023 are also eligible for the admissions, but provisionally.
- Apart from this, there are also certain specific eligibility criteria of the different institutes. Details of the same can be checked by visiting the official website of the concerned institute.
Candidates who aspire to get admission to undergraduate programs in the field of Retail Management can apply for the same through online mode. Some institutes release their application forms offline as well. Once the candidates fill and submit their application form, they become eligible to appear for the management entrance exams conducted for admission to Retail Management course. For enrolment to some institutes, there is no entrance exam and admission is done on the basis of their marks in the qualifying exam.
Career in Retail Management
A candidate who is specialized in retail management can work as a business development executive, client relationship manager, market researcher or business executive. As 70% of commodities are purchased through the retail stores, there are huge demands of retail managers across the world. In India, there are too many job opportunities waiting for the candidates who have a specialization in Retail Management. According to the Survey of Indian Brand Equity Foundation (IBEF), the Indian retail marketing and e-commerce market will expand to over US$ 100 billion from US$ 3.5 billion in 2014. List of the names of top companies hiring retail management specialists in India are given below-
- Amazon India
- Lifestyle International
- Snap deal
- Aditya Birla Retail
- Wal-Mart India Private Ltd
Salary of a Retail Management Professional
The salary for a candidate who is working in the retail manager position is based on the skills, type of company and position in which he/ she is working. Typically, in India, a fresher level candidate who is specialized in retail management can earn a sum above INR 4 Lac – 7 Lac per annum.
Best Institutes in India that offering courses in Retail Management
Here are the names of best institutes in India that offering courses in Retail Management.
|Sl. No||College Name||Official Website|
|1.||K J Somaiya Institute of Management Studies & Research||https://simsr.somaiya.edu/en|
|2.||Birla Institute of Technology||https://www.bitmesra.ac.in/|
|3.||Institute of Public Enterprise||https://www.ipeindia.org/|
|4.||Amity Business School||https://www.amity.edu/abs/|
|5.||N Welingkar Institute of Management, Development and Research||https://www.welingkar.org/|
Question 1: If I have passed my qualifying degree from an open board/ university, am I eligible for Retail Management admission 2023?
Answer: Some B-schools might admit students from open schools while others might not. The candidates can find the details regarding the eligibility criteria by visiting the official website of the institute in which you seek admission.
Question 2: I want to get enrolled into the top colleges of India offering Retail Management degree program. How is that possible?
Answer: The candidates who wish to get enrolled into the top colleges of management, especially IIMs, need to clear CAT exam. Other than this, there are exams such as SNAP, IBSAT, XAT which are conducted by some top universities for providing admission to the candidates into their MBA degree program in Retail Management.
Question 3: Is pursuing degree in Retail Management a good idea?
Answer: Of course, it is. There are many small to big companies and MNCs that require candidates with a degree in retail management to handle their retail section.
Question 4: Are there any age criteria for applying to Retail Management admission 2023?
Answer: Normally there are age criteria for admission to their Retail Management degree program at PG level. There might be some age criteria for UG and Diploma courses. Details about the same can be found from the official website of the concerned university in which the candidate seeks admission.
Question 5: Can you name some recruiters who hire those with a Retail Management degree?
Answer: Shoppers Stop Limited, Reliance Group, Future Retail Limited, DMart, ITC Retail, Aditya Birla Fashion & Retail Ltd, V-Mart Retail Limited, Tata Groups, Lifestyle International are some of the top companies hiring retail managers.
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I want to apply for retail Management course what eligibility want for this