Retail Management industry in India has seen a significant upsurge in the past decade. This industry works based on the clear paradigm, “Customer is King.” Accordingly, retail management is a subject that requires you to be fully aware of brands, marketing strategies, and retail philosophies behind winning the customer.
What you have to need to get a chance in Retail Management?
You need to clear the CAT(Common Aptitude Test) for getting admission into prestigious colleges such as IIMs or clear GMAT(General Management Aptitude Test) to get admitted to foreign universities pursuing MBA.
Some of the best institutes in retail management are MDI Gurgaon and NMIMS University, Mumbai. As a student of retail management, you should have the following knowledge
1) Introduction to Retail Management and Concepts
2) Retailing trends
3) Retail Market Segmentation
4) Retail Pricing and merchandising
5) Relationship Marketing in Retailing
6) Role of Information Technology in Retailing
What would be the fees of the Retail Management course?
A course in retail management would cost you somewhere between Rs 1 lakh to Rs 3 lakhs annually, depending on the college or institute you choose.
What is the Salary package of Retail Management?
The pay amount for a sales executive or a floor manager anywhere between Rs 15,000 and Rs 25,000. At a corporate level, you may work as a business development officer, as well.
What are the top companies involved in hiring in Retail Management?
1) Shopper’s Stop
5) RPG Retail
7) Wills Lifestyle
10) Ebony Retail Holdings