MBA in Retail Management- Build a successful career in Retail.

The retail industry is growing at a high pace in India and that too with innovative business models. With a number of emerging Indian brands, the penetration of international brands in the Indian market, and many such factors is the reason behind the boom in the retail industry. JDBIMS offers MBA Retail Management, which is a comprehensive course that teaches all aspects of retail management.

Introduction: Functions of Retail Management

The first thing that we notice before entering a store is the window display. The window effects our decision to enter the store a great deal. And who is responsible to make it look attractive? It’s the Visual merchandiser. The look and feel of the store as well as the window of the store is the Visual merchandiser’s job.

Buying the right merchandise, in correct quantity and quality is the merchandiser’s job. A visual merchandiser is different from merchandiser. A merchandiser buys stock and deals with distributers, manufacturers and designers. Retail supply chain management are related to product procurement and controlling product quality, inventory levels, timing, and expenses. Logistics are also involved in moving the product from source to destination, handling and storing them.

Other functions include applying retail communication mix for promoting and selling the products, human resource and training, finance and administration, information technology and customer contact service.

About MBA in Retail Management
MBA in Retail Management at JDBIMS SNDT Mumbai is a 2 year full time course. This course is ideal for a student who seeks a career in the retail sector, for professionals who aspire to grow in the industry. The function of retail industry such as supply chain management, merchandising, store management, visual merchandising, are a number of opportunities to build one’s career in the retail sector. This course will help you understand retail industry and help you chose the job profile that suits you the best

Highlights of MBA Retail Management at JDBIMS

Sectoral Specialization
Internship (Summer and Winter)
Concurrent Fieldwork undertaken on two days a week
Emphasis on research project. Every student undertakes a yearlong research
Business Ethics an integral part of the course
Sound theoretical insights about managing modern retail business.

Broad Objectives
A student who completes this retail management course would be industry ready to contribute and manage the various functions in a retail environment. The programme is designed to enable the learner to gain hands-on experience and practical exposure as well sound theoretical insights about managing modern retail business.

Distance Learning Courses: Retail Management Courses as a Foundation in a Retail Career

Graduates of retail management courses use their communication skills to run a retail operation efficiently. For those with experience in distance learning courses in this field, there is the option to manage a personal business or work in a large, established firm. There are also many different industries that benefit from retail, from healthcare to clothing.

A degree in retail management courses can give the training needed to build a successful career. This is why this is quite a popular choice among distance learning courses. The number of industries that employ graduates of retail management courses is as varied as the products available in the market. The retail industry expects much growth, especially in the field of online retail so these courses offers promising employment leads for those who want to enter the industry.

Graduates of distance learning courses in retail management courses are already ingrained in the workforce, according to statistics released by the Bureau of Labor Statistics. Many jobs will be available in retail and this trend is not expected to change in the coming years. The largest growth is expected to occur in the specialization of online retail.

Many online operations are small and self-run and some have non-traditional organizational structures so a background in retail management courses is an advantage in getting a handle on the industry. A professional who has the proper education, such as those who went through distance learning courses through retail management courses, may tap into these new possibilities.

Distance learning courses such as retail management courses follow the same coursework as traditional training. They teach relevant skills such as courses in accounting, communication and even conflict resolution. A large chunk of the training may involve business administration and economics. In addition, distance learning courses in international retail is covered in some programs to prepare students in trends affecting key industries and untapped opportunities.

Bachelor’s degrees and master’s degrees are both available through distance learning courses. The salaries of those who have received distance learning courses in retail depend on the type and size of the business as well as the experience and education. Self-employed retailers may enjoy significant profits depending on how their business performs. Retailers in the auto industry enjoy high financial rewards as well. The experience gained in a degree program, whether online or at a traditional setting, is helpful in setting up a retail organization or working in one.

Career in Retail Management

The retail industry is one of the fastest emerging sectors of India. Comprising of around 14-15 percent of the total GDP, the retail sector in India is one of the top five retail markets in the world. It is estimated to be around US $ 450billion. Management is a field with diverse functions. Retail Management is one such promising and highly lucrative career option.

There are approximately 4.3 million retail outlets across the country which requires almost 3.25 million employees currently. Thus, it is evident that the job opportunities in this sector are limitless. Retail sector is an emerging market which is vibrant enough to attract a lot of employers and thus provide tremendous opportunities.

This huge growth and expansion of the retail industry will result in the creation of huge demand for professionals. Some of the most promising career options in this field are:

– Store Manager:

A Store Manager is also called the General Manager and Store Director is a person who is responsible for managing the daily operations of a store.

– Sales:

It is the entry level post in the retail industry. But this is one of the most important posts in the sense that sales define the success of a retail store.

– Retail Manager:

It’s the function of a retail manager to coordinate the work of a retail outlet. The major responsibilities of a retail manager are managing the store layout, layout of the merchandise, managing supply etc.

– Visual Merchandizer:

They are those people who give life to the brand. They provide an identity to the product by giving it a face. These people can be a technical designer, product developer and store developer.

– Retail Buyer’s and Merchandisers:

They are responsible for maintaining the right stock of goods in the store outlet. They have to understand the needs of the customers and thus need to be aware of the latest trends of the market.

With such wide varieties of career options, Retail Management is one of the most sought after career options. It offers wide varieties of job opportunities in the supply chains, retail houses and export companies. Retail jobs are available in various departments like retail store operations, customer marketing, category management and retail management. These are some of the most important concepts which have to be understood by any candidate who is trying to make a career in the field of retail management.

There are some courses provided by EduKart.com also. Some of these courses are Certificate course in Retail Management, Certificate course in Category Management and Retail Buying, Certificate Course in Retail Store Operations and certificate course in Customer Marketing. All these courses have been certified by Retailer’s Association of India.

For more details about the courses visit EduKart.com Retail Management Courses