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 like to try to persuade or influence people
You enjoy coordinating and planning
You enjoy solving problems
Entry Pathway
1. Complete 10+2 with any subject combination
2. Complete Bachelor's degree (B.B.A.) 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, DU 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 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, Bangalore 2. Amity International Business School, Noida 3. Narsee Monjee, Mumbai 4. Faculty of Management, Rajasthan 5. Loyola College, Chennai 6. MCM DAV College for Women, Chandigarh 7. Dr. DY Patil Arts Commerce and Science College, Pune 8. XLRI, Jamshedpur
*NPTEL - National Programme on Technology Enhanced Learning. It is by the Government of India and offers a variety of courses in an audio-video form
Fees
The approx. course fee ranges between INR 20,000 - INR 4,00,000* *The above mentioned figures are approximate numbers. This 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 for details on available scholarships. This is a gateway to scholarships starting from Class XI* • Scholarships are also made available in institutes based on merit* *(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), Department of Higher Education (Ministry of Human Resource Development) and Indian Banks Association (IBA) • 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
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.
*These figures are taken from NCS and are indicative and subject to change
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 | MG0061. Complete 10+2 with any subject combination
2. Complete Bachelor's degree (B.B.A.) 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, DU 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
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, Bangalore
2. Amity International Business School, Noida
3. Narsee Monjee, Mumbai
4. Faculty of Management, Rajasthan
5. Loyola College, Chennai
6. MCM DAV College for Women, Chandigarh
7. Dr. DY Patil Arts Commerce and Science College, Pune
8. XLRI, Jamshedpur
Information on the institute rankings can be found at - https://www.nirfindia.org/2022/Ranking.html
Distance Learning Institute
Indira Gandhi National Open University (IGNOU)
Online Courses
1. Coursera - https://in.coursera.org/courses?query=retail
2. Udemy - https://www.udemy.com/topic/retail-business/
3. NPTEL*Swayam - https://onlinecourses.nptel.ac.in/noc22_mg51/preview
*NPTEL - National Programme on Technology Enhanced Learning. It is by the Government of India and offers a variety of courses in an audio-video form
The approx. course fee ranges between INR 20,000 - INR 4,00,000*
*The above mentioned figures are approximate numbers. This 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 for details on available scholarships. This is a gateway to scholarships starting from Class XI*
• Scholarships are also made available in institutes based on merit* *(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), Department of Higher Education (Ministry of Human Resource Development) and Indian Banks Association (IBA)
• 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
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: https://bit.ly/3HiUq7U
*These figures are taken from NCS and are indicative and subject to change
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.co.in/high-flyers/nandita-sinha-know-the-ceo-of-myntra/87713
*The above information is for training purposes only and will not be used for any commercial gains
manager retail trade, retail partner, branch manager retail trade