About the Course MBA in Executive Retail Management
A postgraduate degree program in Retail Management is the Master of Business Administration MBA Executive (Retail Management). Retail management is the use of managerial techniques to simplify and improve the retail process. A management study covering topics linked to retail management is part of this course. It is focused on the most recent theories and methods of managerial functional areas. Through this course, students may hone their managerial abilities and learn about the theories and methods underlying the many functional areas of management. They will research the topic, pinpoint issues, exercise their creative thinking, and devise novel solutions to enhance and better the retail process.
After completing this course, students will have several employment prospects in food service, logistics. The MBA in Executive Retail Management explores several facets of retail management in addition to the most recent theories and methods about the various functional areas of management. This two-year PG program offers a thorough grasp of the ideas and procedures involved in retail and associated industries.
An MBA Executive in Retail Management is a specialist program that enables students to become industry experts in the retail industry or to further their careers as future professionals in charge of creating retail rules and procedures.
Overview of the Course MBA in Executive Retail Management
The key highlights of the course MBA in executive Retail Management are listed below in a table format:
| Particulars | Value |
| Name of the course | MBA in executive Retail Management |
| Level of study | Master’s/Postgraduate |
| Duration | 2 years |
| Eligibility | Bachelor’s degree with at least 50% and competitive test scores |
| Examination type | Semester |
| Admission Process | Entrance exam based |
| Average Fee | 2 to 10 Lakhs |
| Average Annual Salary | 3-5 Lakhs |
| Top Recruiting Companies | Amazon, Croma, FutureGroup, ITC Hotels, Philips India, Raymonds, Reliance Jio, Taj Group of Hotels, NTPC, Blue Star |
| Job Positions | Administrative Officer, Retail Executive, Operations Manager, Sales Manager, etc |
Why MBA in Executive Retail Management?
An MBA in Executive retail management can lead to a variety of opportunities. Every business has a physical location where it sells goods. They also require retail managers to run their businesses and boost sales. Nothing ever gets old in the retail industry.
Many businesses are on the lookout for applicants who can offer value to their organizations via their management and people-related abilities. One of the most significant sources of income for businesses is still retail stores, which have replaced other forms of distribution as the main means of distribution.
The two most crucial abilities you'll learn in an MBA in Executive Retail Management are business management and communication skills, which are both necessary to thrive in this cutthroat industry. These are the two fundamental but most crucial talents you should concentrate on when you enroll in an MBA degree since they will be quite helpful in advancing your career.
There is a significant need for graduates with specializations in this subject because the retail business is expanding. Companies are willing to offer competent retail managers large wages since there aren't many vacant positions for them. The future of this industry is promising, and prospects are expanding quickly due to the sector's expanding reach. To establish a strong career, enrolling in this program would be a wise decision.
Eligibility Criteria for MBA in Executive Retail Management
(1). The student must have passed any similar test or have received an overall grade point average of 45% for their graduation in any field from a recognized university.
(2). Students must have passed an admission exam that has been required by a particular college.
Admission Process for MBA in Executive Retail Management
The majority of B-Schools use entrance exams to admit students to their MBA Retail Management programs.
(1). Some institutions of higher learning provide direct admission to applicants based on merit or management quota.
(2). Candidates may apply for admission to MBA Executive Retail Management degrees through several university entrance tests or national-level evaluations.
(3). Entrance examinations or national-level evaluations are the first step in the admissions process. Next, come group discussions and individual interviews.
Accepted Entrance Exams for MBA in Executive Retail Management
Candidates are accepted by a huge number of institutions based on their performance in admission tests. Several of the typical entry exams include:
| CMAT | CAT |
| MAH CET | MAT |
| NMAT | SNAP |
| ATMA | IIFT |
| XAT | IBSAT |
Skills Required for MBA in Executive Retail Management
The key skills required for the course MBA in executive Retail Management are listed below in a table format:
| Time Management | Good Communication |
| Soft Spoken | Dedication |
| Good Listener | Patience |
| Quick Learner | Numerical Skills |
Comparison
Here are the highlights of the Course MBA in executive Retail Management compared with the course diploma in Cooperative Management:
| Name of the Course | MBA in executive Retail Management | Diploma in Cooperative Management |
| Duration | 2 year | 1 year |
| Level | Master’s/Postgraduate | Diploma |
| Eligibility Criteria | Bachelor’s degree with at least 50% and competitive test scores | 10+2 or equivalent qualification |
| Admission Process | Entrance exam based | Merit-based or entrance exam |
| Average Annual Fees | 3-5 Lakhs | INR 10,000 - INR 50,000 |
| Average Annual Salary | 2 to 10 Lakhs | INR 200,000 - INR 500,000 |
| Job Roles | Administrative Officer, Retail Executive, Operations Manager, Sales Manager, etc | Cooperative Manager, Cooperative Consultant, Cooperative Development Officer, Cooperative Trainer |
| Top Recruiters | Amazon, Croma, FutureGroup, ITC Hotels, Philips India, Raymonds, Reliance Jio, Taj Group of Hotels, NTPC, Blue Star | National Cooperative Development Corporation (NCDC), National Bank for Agriculture and Rural Development (NABARD), State Cooperative Banks, Indian Farmers Fertiliser Cooperative Limited (IFFCO), District Cooperative Central Banks (DCCBs) |
Top Colleges and Fees Structure for MBA in Executive Retail Management
The top colleges along with their fees structure of the course MBA in executive Retail Management are listed below in a table format:
Job Profiles for MBA in Executive Retail Management
The top job roles and their description for the graduates of the course MBA in executive Retail Management are listed below in a table format:
| Job Roles | Description |
| Deputy Department Head | Large retail businesses typically have several departments or divisions. Additionally, each sector needs a supervisor who is in charge of that part's sales, as well as other duties including making sure all goods are supplied and dealing with clients. |
| Retail Director | They are in charge of overseeing the daily operations of a retail establishment or business. Interacting with clients, inspecting the inventory, keeping an eye on the workers, and many more activities might be included here. |
| Marketing Manager | Marketing executives are individuals responsible for organizing advertising campaigns and other promotional activities to spread the word about the product. They must choose the promotion strategy that will work best for the business, or more precisely, the brand. |
| Manager of Brands | A brand manager is tasked with maintaining the brand's reputation and ensuring that the brand leaves a positive impression on the minds of the public. They supervise marketing strategies to enhance the brand's reputation and reach a wider audience. |
Top Recruiters for MBA in Executive Retail Management
The recruiters of the course MBA in executive Retail Management are listed below in a table format:
| Tata Groups | Shoppers Stop |
| Reliance Group | Globus |
| Ebony retail holdings | Pantaloons |
| RPG Retail | Lifestyle |
| Wills Lifestyle | ITC Retail |
Salary for MBA in Executive Retail Management
The majority of a candidate's compensation is based on their qualifications and experience, as well as on other aspects including profitability and organizational level.
| Job profile | Average Salary |
| Retail manager | 2 LPA - 7 LPA |
| Store manager | 1 LPA - 4 LPA |
| Supply chain manager | 2 LPA - 10 LPA |
| Brand manager | 2 LPA - 12 LPA |
| Product Manager | 3 LPA - 16 LPA |
| Merchandiser | 2 LPA - 5 LPA |
| Marketing Executive | 2 LPA - 7 LPA |
| Warehouse Manager | 1 LPA - 8 LPA |
Scope for MBA in Executive Retail Management
An MBA in Executive Retail Management graduate can aim to advance their career in a variety of sectors, including brand marketing, operations, supply chain, and logistics. Both the public and commercial sectors have a significant demand for persons with an MBA in Executive Retail Management specialty. Product managers, marketing executives, sales managers, merchandisers, sales executives, and store managers are a few examples of job positions.
Retail has a promising future given that India is a rising country. For both new and established retail businesses, it presents a huge potential. The retail section of the industry needs a big number of managers in various portfolios. In addition to this, a sizable portion of rural regions has yet to be explored. Businesses require a large number of operations managers to grow in rural areas. For graduates in retail management, this offers excellent employment options.
To improve the merchandising process, students pursuing an MBA in Retail Management are taught how to identify obstacles, think creatively, and develop contemporary ways. This MBA program is one of the most successful since it focuses on the incorporation of contemporary executive practices into businesses while also assisting students in recognizing the many shopping trends that exist in metropolitan locations. With the skills provided for this constantly changing retailing sector, it thereby prepares the students for the future.
A person with an MBA in Executive Retail Management has limitless employment options given the vast span of the field of retail management. As there are countless work prospects in the retail industry, one may pursue a variety of careers in numerous industries. More and more retail establishments are opening due to the expanding population. It has enhanced the need for qualified MBA graduates in the retail sector for the management and revenue production of these establishments.
Career Opportunities for MBA in Executive Retail Management
Graduates with MBA in Executive retail management are qualified for employment in both the public and private sectors. These positions are also open in MNCs. Job duties such as those of a
(1). Marketing executive
(2). Product manager
(3). Executive
(4). Sales manager
(5). Sales executive
(6). Store manager
(7). Merchandiser
Skills that make you a good employee after the course for MBA in Executive Retail Management
(1). Business awareness
(2). Interpersonal skills
(3). Selling skills
(4). Customer service
(5). Multitasking
(6). Team management
FAQS
What distinguishes an MBA from an Executive MBA?
The fundamental contrast between a full-time MBA and a leader MBA is that the EMBA is designed to be low maintenance and to accommodate working professionals, even though the length of both programs varies by school. By many accounts, full-time MBA students have such demanding schedules that maintaining any extracurricular activities is difficult.
What types of jobs are available to graduates with an MBA Executive in retail management?
The profiles include those for managing store operations, customer experience, categories, promotions, store brands, and private labels, among other things.
Is an Executive MBA available after graduation?
A postgraduate degree in business called the EMBA (Executive MBA) is designed for professionals with in-depth knowledge of their line of work. The majority of EMBA projects are designed to be completed in less than two years and allow students to work while earning their degrees.
Does pursuing an Executive MBA pay off?
You could be fortunate to be enrolled in a full-time MBA program rather than an EMBA program on the odd chance that you'll likely change careers rather than merely develop in your current one. On the other hand, an EMBA program is a better choice if you have a lot of expertise in one field and want to further your career.
What advantages does an MBA in Executive retail management offer?
Your interpersonal skills must be honed if you want to work in the retail industry, which is assisted by an MBA in retail management. You will learn different selling strategies, insider information, and strategies to succeed in the retail industry with an MBA in Retail Management.
What is MBA in Executive retail management?
An MBA Executive in Retail Management is a specialist program that enables students to become industry experts in the retail industry or to further their careers as future professionals in charge of creating retail rules and procedures
What are the eligibility criteria for MBA in Executive retail management?
The student must have passed any similar test or have received an overall grade point average of 45% for their graduation in any field from a recognized university.
What are the skills required for MBA in Executive retail management?
Selling skills, Customer service, Multitasking, Team management, etc.
1 Years
Post Graduate
Management
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