Retail is the fastest growing sector in India today. With many major players setting foot in the industry, the sector is set to grow a lot. The growing number of shopping malls and department stores has created endless job opportunities in India and abroad. Industry insiders estimate a 30 to 40 percent growth rate in India in the retail sector and approximately 80 lakh trained professionals will be required.
Therefore, it is an opportune time to join a Retail Management course and get a job in this promising field. Recognizing the demand for trained professionals in this field, many institutes have initiated courses and training programs at the undergraduate and postgraduate levels to create a skilled workforce for this industry. Here you have all the information you may need about retail management courses.
The retail sector is now more organized and efficient. The retail revolution has changed not only the urban lifestyle, but also the lifestyle in small towns. Therefore, for a retail management graduate, there are many opportunities across the country in the book and publishing industry, music stores, multiplexes, shopping malls, garment industry, and also in the processed food industry. Someone opting for a Retail Management graduation course should ideally have passed the Higher Secondary Examination or 10+ 2.
The retail management curriculum is very comprehensive and includes detailed information on the supply chain, marketing information, financial management, accounting in retail, retail brands, business communication, psychology of retail buyers, electronic management of retail merchandise , marketing and commercial communication, sales promotion with public relations, inventory, customer relations, business ethics, management and organizational behavior, quantitative methods in retail.
In the retail industry, the highest demand is an efficient retail manager. After that, there are positions like inventory manager, operational purchasing manager, floor manager, and customer service staff. Related options are found in human resources, finance, and systems management.
There are many institutes that offer retail management courses. One such institute is the Welingkar Institute of Management Development and Research, Maharashtra, which offers a specialized two-year course in retail. The other course offered by the institute is a postgraduate course. The pledges institute campus locations at various retail stores such as Pantaloon, Shopper’s Stop, Globus, and Westside.
Birla Institute Of Management Technology, based in New Delhi, offers a two-year Postgraduate Diploma in Retail and Merchandising Management (PGDRMM). The course offers retail and merchandising management training with a combination of industry interaction. One has to qualify for the CAT, MAT entrance exam and then pass a round of interviews to gain admission. The institute also offers hostel facilities. There is an active placement program on campus.
The course curriculum includes retail environment and concepts, marketing management, merchandising management, business communication, retail store management, and research methodology.
To the south, Madurai Kamaraj University has unveiled new retail management courses to be offered through its Distance Education Directorate. New courses include Graduate Diploma in Retail Management, Master of Business Administration in Retail Management and Bachelor of Business Administration in the same specialization.
In Mumbai, the KJ Somaiya Institute of Management and Research offers a Postgraduate Diploma in Management-Retail. It is a two-year full-time course and covers a wide range of topics related to general management, retail management, operations and soft skills along with hands-on experience in Pantaloon Retail (India) offices/points of sale. Limited.
Some of the other institutes offering retail management courses in India include Asia-Pacific Institute of Management, New Delhi, India Retail School, New Delhi, SASMIRA, Mumbai, Garware Institute of Education and Professional Development, Mumbai, The Pearl Academy of Fashion, New Delhi. , Mudra Institute of Communications, Ahmedabad, Retailers Association of India, Mumbai, Kohinoor Business School, Khandala and Apeejay Institute of Business Studies, Gurgaon, among others. Then there is the Metropolitan Institute of Management in Pune, The Retail Academy in Ahmedabad, The RPG Institute of Retail Management in Chennai, Ebony Retail Academy in Delhi, and the Vidya Institute for Women in Delhi.
Once a candidate has acquired the relevant retail management qualification, they can look forward to a flourishing career. The Indian retail industry is ready to witness positive changes in the recent future. The future of retail business operations in India looks very bright and may offer rewarding job opportunities. In fact, in terms of job opportunities, the sector may soon overtake other lucrative new generation careers like IT, BPO and hospitality. A person with the skill of proper planning, accurate identification of needs, the ability to interact with people along with problem solving and quick decision making skills can easily make a successful career in this field. Pleasant manners, wit, and a good memory are additional assets in this field. There are enough vacancies from entry level to senior management level.