Retail Managers manage a retail outlet's day to day functioning around selling of goods and services. They are responsible for the success of any retail store. A retail manager supervises store employees, maintains customer satisfaction, and oversees inventory and stock management.
Personal Competencies
• You have excellent communication skills
• You enioy coordinating and planning
• You enjoy solving problems
Entry Pathway
1. Complete 10+2 with any subject combination
2. Complete Bachelor's degree (BBA) in Retail Management
OR
Complete Bachelor's degree in Retail Management and then pursue a Post Graduate Diploma in Retail Management/Marketing
OR
Complete Bachelor's degree in Retail Management and then pursue MBA in Retail Management
For admissions for Bachelor's degree, you must qualify in one of these entrance examinations: CET. SET, DIJ JAT, SET etc. and for Post graduate degree, You must qualify in any of the following exams: CAT/XAT/GMAT/SNAP/NMAT/CMAT.
Please check the duration of the course during enrolment
Where will you study?
This course is offered by the Department Of Management.
This list of institutes is indicative only
GOVERNMENT INSTITUTES
1. Madras Christian College, Chennai
2. Lala Lajpat Rai College of Commerce and Economics, New Delhi
3. Shaheed Sukhdev College of Business Studies, Delhi
4. Jamia Millia Islamia, Delhi
5. Sydenham College Of Commerce and Economics, Mumbai
6. Serampore College, Serampore
7. Government College, Dharamshala
8. Government College Autonomous, Rajahmundry
PRIVATE INSTITUTES
(Please check if institute is affiliated and accredited with UGC before applying)
1. Christ University, Bengaluru
2. Amity International Business School, Noida
3, Narsee Monjee, Mumbai
4. Faculty of Management, Raiasthan
5, Loyola College, Chennai
6, MCM DAV College for Women, Chandigarh
7. Dr. DY Patil Arts Commerce and Science College, Pune
8. Madras Christian College, Chennai
9. Xavier School Of Management, Jamshedpur
DISTANCE LEARNING INSTITUTE
Indira Gandhi National Open University (IGNOU)
Fees
The approx. course fee ranges between INR 20,000 - INR 4,00,000*
*These figures are estimated numbers and will vary from Institute to Institute
Scholarships & Loans
SCHOLARSHIPS
• National Scholarship Portal - Visit http://www.scholarships.gov.in. Under this portal there are Central Government schemes offered by different departments, UGC/AICTE schemes and state schemes*
• Visit http://www.buddy4study.com - This is a gateway to scholarships starting from Class XI*
*(Availability of these scholarships can vary from time to time)
LOANS
• VidyaLakshmi, http://www.vidyalakshmi.co.in, is a portal for students seeking education loan. This portal has been developed under the guidance of the Department of Financial Services, (Ministry of Finance), Ministry of Education, Government of India and Indian Banks Association (IBA). Students can view, apply and track the education loan applications on the website.
• Some states have student credit cards with low interest rates, for instance, West Bengal, Odisha, Bihar, etc.
• All banks give education loans
Where will you work?
Places of Work: Retail companies-stores, Showrooms, Supermarkets, Department store, Small retail businesses. Work Environment: You will work in a desk and office oriented environment with supervisory responsibilities. You will need to supervise a team of Senior Executives and Executives. Some travelling may be involved. You are expected to work 5 to 6 days a week and 8 to 9 hours per day. This varies from organization to organization.
Opportunities for work exist for differently abled in this field.
*These figures are taken from NCS and are indicative and subject to change
The approx. salary of a Retail Manager ranges between INR 15,000 - 35,000* per month for a new entrant and between INR 35,000 - 60,000* per month for candidates with experience.
Source: bit.ly/3HiUq7U
Experts from the field
Nandita Sinha who previously worked at Flipkart took the charge as CEO, Myntra on January 1, 2022. As part of her role, she is responsible for retail strategy and planning, business execution, supply-chain demand and customer satisfaction. Nandita Sinha holds an experience of over 16 years across e-commerce and FMCG. She began her career at Hindustan Unilever Limited and later worked for Britannia Industries.*
RETAIL MANAGER
NCS Code: 1420.0200 | M009• You have excellent communication skills
• You enioy coordinating and planning
• You enjoy solving problems
1. Complete 10+2 with any subject combination
2. Complete Bachelor's degree (BBA) in Retail Management
OR
Complete Bachelor's degree in Retail Management and then pursue a Post Graduate Diploma in Retail Management/Marketing
OR
Complete Bachelor's degree in Retail Management and then pursue MBA in Retail Management
For admissions for Bachelor's degree, you must qualify in one of these entrance examinations: CET. SET, DIJ JAT, SET etc. and for Post graduate degree, You must qualify in any of the following exams: CAT/XAT/GMAT/SNAP/NMAT/CMAT.
Please check the duration of the course during enrolment
This course is offered by the Department Of Management.
This list of institutes is indicative only
GOVERNMENT INSTITUTES
1. Madras Christian College, Chennai
2. Lala Lajpat Rai College of Commerce and Economics, New Delhi
3. Shaheed Sukhdev College of Business Studies, Delhi
4. Jamia Millia Islamia, Delhi
5. Sydenham College Of Commerce and Economics, Mumbai
6. Serampore College, Serampore
7. Government College, Dharamshala
8. Government College Autonomous, Rajahmundry
PRIVATE INSTITUTES
(Please check if institute is affiliated and accredited with UGC before applying)
1. Christ University, Bengaluru
2. Amity International Business School, Noida
3, Narsee Monjee, Mumbai
4. Faculty of Management, Raiasthan
5, Loyola College, Chennai
6, MCM DAV College for Women, Chandigarh
7. Dr. DY Patil Arts Commerce and Science College, Pune
8. Madras Christian College, Chennai
9. Xavier School Of Management, Jamshedpur
Information on institute ranking is available at - https://www.nirfindia.org/Ranking/2023/Ranking.html
DISTANCE LEARNING INSTITUTE
Indira Gandhi National Open University (IGNOU)
The approx. course fee ranges between INR 20,000 - INR 4,00,000*
*These figures are estimated numbers and will vary from Institute to Institute
SCHOLARSHIPS
• National Scholarship Portal - Visit http://www.scholarships.gov.in. Under this portal there are Central Government schemes offered by different departments, UGC/AICTE schemes and state schemes*
• Visit http://www.buddy4study.com - This is a gateway to scholarships starting from Class XI*
*(Availability of these scholarships can vary from time to time)
LOANS
• VidyaLakshmi, http://www.vidyalakshmi.co.in, is a portal for students seeking education loan. This portal has been developed under the guidance of the Department of Financial Services, (Ministry of Finance), Ministry of Education, Government of India and Indian Banks Association (IBA). Students can view, apply and track the education loan applications on the website.
• Some states have student credit cards with low interest rates, for instance, West Bengal, Odisha, Bihar, etc.
• All banks give education loans
Places of Work: Retail companies-stores, Showrooms, Supermarkets, Department store, Small retail businesses.
Work Environment: You will work in a desk and office oriented environment with supervisory responsibilities. You will need to supervise a team of Senior Executives and Executives. Some travelling may be involved. You are expected to work 5 to 6 days a week and 8 to 9 hours per day. This varies from organization to organization.
Opportunities for work exist for differently abled in this field.
Salesperson → Sales Supervisor, Retail Trade → Manager, Retail Trade → General Manager, Retail Trade → Director, Retail Trade → Working Proprietor, Retail Trade
*These figures are taken from NCS and are indicative and subject to change
The approx. salary of a Retail Manager ranges between INR 15,000 - 35,000* per month for a new entrant and between INR 35,000 - 60,000* per month for candidates with experience.
Source: bit.ly/3HiUq7U
Experts from the field
Nandita Sinha who previously worked at Flipkart took the charge as CEO, Myntra on January 1, 2022. As part of her role, she is responsible for retail strategy and planning, business execution, supply-chain demand and customer satisfaction. Nandita Sinha holds an experience of over 16 years across e-commerce and FMCG. She began her career at Hindustan Unilever Limited and later worked for Britannia Industries.*
Source: https://thenewsmen.cain/high-flyers/nandita-sinha-know-the-ceo-of-myntra/87713
manager retail trade, retail partner, branch manager retail trade