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Businesses these days are doing everything to reach out to a large customer base and deliver an effective customer experience. The retail industry is one of the industries that deal directly with customers and deliver products. Running a retail business flawlessly is very tricky and requires businesses to have an effective retail management strategy in place. As a business practice, retail management helps boost sales and make buying and selling of a product a seamless process.
With the booming retail sector, retail management becomes a rewarding career. Pursuing this field will let you explore different principles associated with retailing and retail operations. These include financing, purchasing, merchandising, marketing, inventory management, and operations.
There are numerous retail management courses available at diploma, graduate, and postgraduate levels. They are Diploma in Retail Management, BSc in Retail Management, MBA in Retail Management, and BSc/MSc in Fashion Merchandising and Retail Management. Also, there are many online retail management courses and certifications offered by top institutes for free or at a few costs.
Acquiring a degree or certification in retail management will open the door to various career opportunities. You can apply for a variety of managerial positions and have the option to get into other areas of the retail industry like sales, marketing, or purchasing.
What is Retail Management?
The term retail management is the process of managing all the aspects of the retail industry to increase customers’ visibility and sales. Retail management has the advantages of customer satisfaction, hassle-free shopping, effective accounting, inventory management, prevention of excessive chaos, and more.
Who Can Pursue Retail Management Courses?
Anyone interested in entering the retail industry, merchandising, marketing, sales, and advertising can pursue retail management courses. Students after 12th can apply for retail management courses online or on-campus. Retail professionals, managers, and consultants can also choose retail management certification courses.
Eligibility Criteria for Retail Management Courses
- Candidates who have completed class 12th in commerce or a relevant stream with 50% marks from a recognised board are eligible for UG retail management courses.
- Candidates who hold a bachelor’s degree in a relevant discipline can apply for PG retail management courses and PG diploma courses in retail management.
- Admissions to these courses are based on the merit list and entrance exams such as CMAT, SNAP, CAT, XAT, MAT, GMAT, and NMAT.
Skills Required for Retail Management Courses
- Mathematical skills
- Communication skills
- Active listening
- Critical thinking
What Will You Learn in Retail Management Courses?
- Enrolling in retail management courses online or on-campus will give you comprehensive knowledge of retail management and its principles.
- These courses will teach you about retailing theories, business administration, marketing, and visual merchandising.
- With retail management courses, you will understand consumer behaviour, market analysis, sales management, financial management, selling and branding, and more.
Popular Retail Management Certification Courses
Pursuing retail management certification courses opens various career opportunities as these courses are job-oriented. You will have opportunities to get hired at big retail firms with lucrative salaries. The duration of these online retail management courses will vary as per institutions.
Here’s the list of the best retail management certification courses:
IIM Bangalore via Swayam
Amity University, Noida
Professional Certification in Retail Management
Certified Customer Care Manager
Diploma in Retail Management
Career Options in Retail Management
The retail industry is dynamic and continuously growing. It involves a variety of domains and deals directly with customers. Individuals holding relevant qualifications and skills in retail management can find decent employment opportunities in supermarkets, shopping malls, retail outlets, logistics and supply chain firms.
Here are some of the job titles you can explore after retail management courses:
Retail Management Salary Trends
The salary of a professional in this field will rely on some factors such as level of education, specialization, domain, job type, experience, and job location. According to Glassdoor, the salary of a Retail Manager in India can range between INR 400,000 to INR 1,600,000.
Salary as per job titles:
Average Base Pay (annually)
Scope of Retail Management
Globalization has transformed the retail industry and expanded it to e-commerce. The open economy boom in consumerism has driven the growth of retailing, creating massive job opportunities. In the past few years, the retail management sector has gained extreme traction and witnessed the increased demand for skilled professionals. The scope of retail management in today’s globalized marketplace is vast as it comprises different sectors such as marketing, sales, merchandise, branding, advertising, and campaigning.
After the completion of your retail management courses online or offline, you will have a variety of job opportunities in malls, supermarkets, departmental stores, branding and advertising agencies, logistics and supply chain firms, to name a few. Reports suggest that retail management generates over 2 million job opportunities around the world.
Top Recruiters for Retail Management Graduates
Aditya Birla Group
Q: How can I learn retail management courses online?
A: There are numerous online retail management courses that you can pursue from top institutes. Some of these courses are also available for free.
Q: Who can apply for retail management courses?
A: Anyone interested in retailing, merchandising, marketing, sales, and advertising can apply for retail management courses online or offline.
Q: What is the minimum qualification required for retail management courses?
A: You should have passed 10+2 to pursue retail management courses and certifications as well. For higher qualifications such as masters or PGDM, you must hold a bachelor’s in a relevant stream.
Q: Is retail management good to pursue?
A: As the retail industry is a flourishing industry worldwide, it has vast career growth prospects. Retail businesses are in need of professionals who have pursued retail management courses and certifications.
Q: How long does it take to complete retail management certification courses?
A: The duration of retail management certification courses or online retail management courses may span from a few weeks to a year.
Q: What is the cost of retail management courses?
A: The average fees of retail management courses online and offline will depend on institutions and the course type.
Q: Where can I go after retail management courses?
A: Once you complete retail management courses, you can find employment in supermarkets, malls, retail companies, advertising agencies, sales and marketing firms, and many more.
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