Career in Retail Management
Retail Management is a professional programme which prepares a graduate to enter into the field of Retailing.
There are many Degree and Diploma level programmes in retail management like MBA
(Retail Management) or Post Graduate Diploma Program in Retail Management (PGPRM).
Retail industry is one of the fastest industries in the world.
Management as a field of study is becoming more and more popular day by day.
Retail management is today’s one of the most promising and bright career options.
With mushrooming shopping complexes, malls and multiplexes, there has been a
steady rise in demand for retail managers. Retail management involves the distribution
process of the product from manufacturers to ultimate consumers.
Initially the retail sector was not much organized and there were very few courses
available in retail management but with the boom in retail sector the industry is now
more organized and efficient. The retail revolution has changed not just the urban
lifestyle but also the lifestyle in small towns. For a retail management graduate,
there are opportunities galore across many industries such as shopping malls,
garment industry etc.
The eligibility for most of these courses is graduation in any subject. For MBA in
retail management, students have to pass a number of entrance tests. The
curriculum on retail management include subjects like supply chain management,
marketing information, finance management, accounting in retail etc. Students also
learn about sales promotion and techniques to attract customers.
After completing the course in retail management a person can work as a
manager in malls or multiplexes. A store manager is a person who is responsible
for everyday activity of a retail store or supermarket. The employees have to
report directly to the store manager. He has to keep a balance between the
demand and supply of the products in his store. He has to keep a track in
such a way that there is neither shortage nor oversupply of the products.
Retail managers supervise and work with the sales team and are in charge
of the day-to-day details and have to ensure that the store opens on time.
Sometimes they have to deal directly with the customers and solve their
problems and queries.
A retail management course from reputed career institutes may fetch a
dream job. Once you gain experience the pay packet increases
considerably. Being a retail manager can be quite stressful sometimes
but they are well compensated. According to a survey there is a demand
for 1.25 million retail personnel, and is estimated to go up to 3.25 million
by the year 2008-09.
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