Being the last step at every supply chain, retail is no more about local grocery stores or small boutiques. Retailing at India is on an upward spree, getting on with international standards. With the expansion of shopping malls, departmental stores, retail parks across the Indian real estate, huge employment opportunities are opening up for it, both in India and abroad. Career in retail management includes setting and operating retail space for getting maximum profits while offering maximum value to all stakeholders. The challenges and competition in retail management make it one of the most attractive careers among competent youngsters
Following are the major fields for a Retail Management Professional:
For admission to Graduate courses, institutes ask for 10+2/Intermediate or equivalent qualification. For PG programs like MBA-Retail or PGD (Post Graduate Diploma) in Retail, the candidate should be a Bachelor in any discipline (10+2+3 or 10+2+4 years of education) from a recognised university with at least 50% aggregate score (which can be 60% in case of some institutes). SC/ST/OBC candidates in most cases can apply with 45% marks. Students are often selected for PG courses through an entrance exam followed by Group Discussion and Personal Interview and work experience in case of some institutions.
The admission to UG Retail courses is usually direct on the basis of 10 + 2 result. Normally the application procedure includes a duly filled candidature form. Following are some examinations for PG courses
A Retail Management professional can work in various Retail Management profiles (mentioned under FIELDS) as:
Salaries at the entry level range from Rs 75,000 to Rs 100,000 per annum which can go up to Rs 200,000 - Rs 250,000 in one to two years. MBA's from a reputed B-school can earn around Rs.600,000 per annum while others can earn around Rs. 300,000 to Rs 400,000 per annum. But the actual amount received and its hike depends on individual’s performance.
INSTITUTES OFFERING POST GRADUATE COURSES IN RETAIL MANAGEMENT IN INDIA