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Master of Business Administration [MBA] (Retail Management)

Retail management is the study of management concepts and principles in relation to retail sector. Retail can be described as single interaction point between customers and sellers. This course aims at making this interaction better by applying management principles. These days, retail is a vibrant and emerging sector. There are endless opportunities in this sector in India as retail sector in India is in top five retail markets all over the world. These opportunities are only going to skyrocket thanks to “Start-up India” campaign by Indian PM Modi. The numerous areas where retail management graduates are sought for are shopping malls, movie theatres, restaurants, supermarkets, hypermarkets, retail stores etc.

Thanks to the skills developed during this course, the graduates can apply the same to set up their own business and be successful entrepreneur.

The top recruiters who are always on the lookout to hire fresh talent in retail management are listed below:

  • Shoppers Stop
  • Spencers Retail
  • Future Group
  • Lifestyle International
  • Future Retail
  • Bharti Enterprises
  • Fabindia Overseas
  • Pantaloon Retail
  • Aditya Birla Group

Job Profiles:

The retail management can work for top companies at different job profiles. Some of them are displayed below in the table.

Job Profile

Description

Retail Store Manager

Responsible for tracking footfall in store, mapping competition and  managing employee turnover

Retail Sales Manager

Needs to proactively target and acquire business by developing and delivering segment strategy.

Regional Manager

Responsible for profitability management, customer service experience, business development executive, sales forecasting and monitoring of competition.

Branch Manager

Requires monitoring and analyzing the key regional data, identifying opportunities and preparing action plan.

Institutional Sales Manager

Entrusted with commercial development and maintenance of commercial business.

Service Manager

Tasked with formulating service strategy, resolving zonal issues and managing operations across the stores.

MBA Retail Management: Salary Trends

Retail management is a rewarding career given its relentless rise in India. Retail management graduates can take home lucrative salary packages. An estimation of latest salary trends according to job profiles in the field of retail management is displayed with the help of the graph displayed below:

salary graph for MBA in Retail Management

Apart from job profiles, salary trend depends on certain other factors like, college degree, industry and job location. MBA degree from a reputed b school can fetch you a good salary package, same if you work in core retail companies, you will definitely get good package. 

Master of Business Administration [MBA] (Retail Management) : 8 answered questions

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Ques. How is the BIMTECH retail management course?

● Top Answer By Archita Ghose on 21 Sept 21

Ans. BIMTECH is considered among the top B-Schools in India. BIMTECH was a pioneer in bringing PG-level courses in Retail as well as Insurance thus enjoying a strong brand -pull from the top recruiters from this domain. Also, the placement record of the last three years for both the courses has been quite good. In the 2021 placements, the average CTC offered at the institute was 8 LPA, while the highest CTC was 16 LPA. Retail is a specialized form of marketing. For this course, BIMTECH assists its students with quality faculties and facilities. Overall, the retail management course offered at the institute is quite good. On the official website of the institute, you will get information regarding various other factors such as previous placements, location, infrastructure, industrial exposure, faculty, activities on campus, etc.Read more
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Ques. Which is better at BIMTECH in terms of placements: insurance business management or retail?

● Top Answer By Tithi Aggrawal on 19 Apr 23

Ans. Both PGDM-RM and PGDM-IBM are similar in terms of ROI and placement. Both the courses in Bimtech offer good career options. Even in 2020, which was a challenging year, the students of Insurance and Retail were offered some quality profiles by multiple prominent recruiters. Some of the companies are Infosys, TCS, Bajaj Allianz, SBI, Aditya Birla Group, Religare, and H&M. The recent 2022 placement stats: Domain PGDM-IB PGDM- RM Average CTC (2022) 8.95 lakhs 8.90 lakhs Average CTC (2021) 8.01 lakhs 7.95 lakhsRead more
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Ques. How good is KJ Somaiya for a PGDM in Retail Management? How are it's placements and average package?

● Top Answer By Prasad Sawant on 26 Dec 22

Ans. The PGDM in Retail Management at KJ Somaiya is a relatively new course and not much can be said about its worth. But I have a friend who is currently pursuing RM at KJ Somaiya. According to him, it’s a good choice for someone with interest in this field to pursue this course because The courses at SIMSR are at par with international curriculum. Great exposure and learning through events held throughout the year. One such main event is the Retail Mela. Many committees and student clubs have been set up to promote extracurricular activities  The faculty is experienced and qualified. It does not undervalue the new courses at all. One of the best campuses of India with great infrastructure and facilities. The companies that you should aim for are Ikeya, Walmart ,Future Etc. All this makes the course worth trying.Read more
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Ques. Which is better, doing a PGDM in marketing from IMT Hyderabad or a PGDM in retail from BIMTECH, Greater Noida?

● Top Answer By Ritika Gusain on 22 May 23

Ans. The Post Graduate Diploma in Management has gained traction over the recent years and courses in marketing, finance, operations, HR, etc are being offered by top-tier colleges in India and so does IMT Hyderabad and BIMTECH, Greater Noida. Below is the comparison of the two colleges based on placements. The 2020-22 placement statistics are mentioned below: Particulars IMT Hyderabad BIMTECH Highest Package 25 LPA  23.43 LPA Average Package 12 LPA 9.38 LPA Median Package 11 LPA 8.5 LPA Highest domestic package was 25 LPA offered by Amazon at IMT Hyderabad. IMT Hyderabad’s average package has increased upto 24 % from 9.65 LPA to 12 LPA. It is better in terms of Marketing as it offers the highest package of 16.61 LPA and an average of 11.77 LPA. The roles offered in marketing are:- Business Analyst Business Consultant Analyst - Knowledge Services Management Trainee- Sales Business Analyst - SCM Senior Management trainee Process Analyst and many more. IMT Hyderabad will be a better choice over BIMTECH Greater Noida based on the placement report and roles offered by both colleges.Read more
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Ques. How is BIMTECH Noida’s retail management?

● Top Answer By Sreeparna Bose on 05 Jul 21

Ans. BIMTECH Noida is a great match for you if you see your future aspects in the retail sector. After getting into the retail field it would be tough for one to get into core marketing. Here’s why: If you choose retail management specialization it can be tough for you to get core management jobs. On the contrary, marketing students can opt for both core and retail jobs. You need to have a good personality to become a vital part of the retail industry. Below are some qualities which can help you survive in this field for the long term. Excellent leadership skills Strong foothold in providing outstanding customer service The ability to handle stressful situations like customers dealing with cool & calmness. If you think you are lacking some of these qualities, BIMTECH can provide you with navigation towards your goals. BIMTECH is one of the leading institutes for retail management, making it a good option. They offer good placements and emphasize a lot of holistic development. Right from academics to industry exposure to extra and co-curricular activities, focus on 360-degree growth. Categories Retail Management in BIMTECH Course Fee 9.00 lakh Highest CTC 10.3 LPA Average CTC 8.1 LPA Median CTC 5.5 LPA Recruiting Companies Accenture, Aditya Birla, Infosys, L&T, etc. Overall, you must opt for the retail sector if you can handle challenges and if you want to be a part of it in the long run. With good placements and industry exposure, BIMTECH is undoubtedly a good place to study retail management.Read more
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Ques. Between general PGDM from jaipuria Noida and PGDM in retail management from BIMTECH greater Noida, which one would be better?

● Top Answer By Tithi Aggrawal on 10 May 23

Ans. JIM and BIMTECH, Noida provide PGDM programs. Your aim and interests determine the program which you should opt for.  JIM Noida's PGDM is ideal for Gen. Man. career seekers. The 2nd year provides specialisations in finance, marketing, human resources, operations, and strategy. BIMTECH, Greater Noida's PGDM-RM can help you break into the retail industry. You can learn retail operations, supply chain management, customer behaviour, and marketing. It offers internships as well as industrial interactions. When taking everything into consideration, I believe that the brand value of BIMTECH gives it a significant advantage over JIM in terms of value as well as the brand. They were also able to achieve 100% placement rate for the 2023 batch. The Highest CTC offered was somewhere around 24 LPA.Read more
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Ques. What is the CAT cutoff for a BIMTECH retail management course?

● Top Answer By Anjali Sharma on 04 Feb 21

Ans. BIMTECH, Greater Noida one of the most desired and highly ranked B-schools in India. It is a preferred destination for MBA or PGDM for CAT 2020 aspirants. Great learning, decent placements, and relatively modest CAT cut-off used in shortlisting for flagship PGDP add to the key strengths of this coveted B-school. Admission:  BIMTECH will accept CAT, XAT to shortlist candidates for the final admission round for PGDM.  For admission to PGDM (RM) and PGDM (IBM), an aspirant is required to have a valid CAT / MAT / XAT / GMAT / CMAT score.  The Retail Management admission is admissible through the MAT / CMAT score also.  Minimum 60 percentile in CAT / XAT and minimum of 80 percentile in MAT/CMAT is required. Along with the good score, student performance is also examined. BIMTECH has its own selection criterion, which includes Written Ability Test (WAT) and Personal Interview (PI) and the student has to perform well in both.Read more
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Ques. How is the retail management course in BIMTECH, Noida? What is its placement?

● Top Answer By Shivani Rai on 04 Feb 21

Ans. In the current industry, the demand for retail marketing is increasing. The upcoming market leaders need to be innovative. BIMTECH prepares students for that precisely with proper guidance and industry contacts. It is considered one of the leading B-schools of India. Dissertation and practical projects are an essential part of the PGDM-Retail curriculum of BIMTECH. BIMTECH course work consists of internships, live projects, and industry visits, etc. which will surely give you an upper hand.  Practical Experience: In Retail Management, you will need practical hands-on experience and BIMTECH excels in it.  In the past, students performed hands-on projects in one of the best malls in Delhi along with a faculty.  These practices come in handy if you want to become an expert in communication skills, interpersonal skills, learn body language and read the minds of the customers. Placements: BIMTECH has a promising placement record for Retail Management.  Each student must go through a 3-month internship before the placements. Which is quite beneficial for students. The institutes Centre For Corporate Relations guide the students through the whole process of preparing the CV or preparation for the final placement interview. Madura Fashion & Lifestyle, Aditya Birla Retail, Catwalk, Bata India, Raymonds are some of the top recruiters at BIMTECH. During the summer internship, the institute had about 170 Corporates and organizations that offered three months of internships to 354 first-year students.  The table shows a brief overview of the institution. Median CTC INR 8.13 LPA Highest CTC INR 23 LPA (International), INR 18 LPA (Domesttic) Fees  INR 9 lakhs Entrance Examination CAT/XAT/GMAT Overall, BIMTECH is a great potential choice for retail management. It also has a legacy of offering quality education in the field of management for almost 3 decades. Read more
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