An online MBA in Retail Management is a master's degree. It takes two years to complete this postgraduate program. It is intended for college students who are interested in studying retail management. Candidates for an online MBA Retail Management program must have at least a 45% average in their UG degree from an accredited institution.
The online Master of Business Administration (MBA) in Retail Management program provides a thorough understanding of the dynamic and quick-paced retail industry. Through a variety of topics such as international retailing, retail entrepreneurship, rural retailing, and retail marketing environment, it provides students with fundamental knowledge and abilities in retail management. The curriculum gets students ready for profitable employment in fields including fashion, high-end goods, food and drink, and electronics.
Numerous top MBA programs in India offer an online MBA in retail management as a specialization or as an elective subject in the second year of the degree program. As they advance in their careers, students seeking an MBA in this stream can work in a variety of job roles. The curriculum helps students develop their business and leadership skills while also giving them a thorough understanding of the retail industry.
The Master of Business Administration in Retail Management program online introduces students to the most modern theories and methods in retail management functional areas while also providing them with a broader management viewpoint. According to the institution or university, the retail management course typically lasts two years, however, it could last longer or shorter.
The main features of the Course Online MBA in Retail Management are listed below in table format:
|Course Name||Online MBA in Retail Management|
|Eligibility||Graduation Passed with 45% marks|
|Admission Process||Online / Offline|
|Average Fee Structure||Rs 20,000 / Semester|
|Average Annual Salary||4LPA to 15LPA|
|Employment Areas||Reliance Group, RPG Retail, MNCs, Government Organizations|
|Job Roles||Retail Manager, Sales HR, Supply chain Manager, etc|
Retail Management is the skill of bringing people together and inspiring them to collaborate on a single project. Retail management refers to the application of this concept to the retail industry.
The management stream now offers a relatively new specialization called MBA in Retail Management. The current rise in the logistics and retail industries has increased demand for this specialization's graduates. Typically, the training lasts for two years and costs between Rs. 1,50,000 and higher.
It's a good moment to enter this industry because the retail industry is flourishing and people are coming up with creative ways to attract customers. A retail manager is needed by numerous businesses, including Shoppers Stop, ITC Retail, Reliance Group, and Tata Group.
|CMAT||Institutes specific exam|
Here's a table listing the skills required for an Online MBA in Retail Management:
|Retail Analytics||E-commerce Strategy|
|Customer Relationship Management||Sales Techniques|
|Critical Thinking||Retail Finance|
|Retail IT Solutions||Strategic Planning|
|Customer Service||Pricing Strategies|
The selection process for an Online MBA in Retail Management typically involves several stages to assess the candidates' suitability for the program. Firstly, interested applicants submit their applications, which may include academic transcripts, letters of recommendation, a statement of purpose, and a resume detailing relevant work experience. Admissions committees then review these materials to shortlist candidates who meet the program's academic requirements and exhibit potential for success in the retail management field.
Shortlisted candidates may be invited for interviews, either in person or online, to evaluate their communication skills, leadership potential, and motivation for pursuing the MBA. Some institutions may also conduct written tests or case studies to assess analytical and problem-solving abilities. Based on the overall performance throughout the selection process, the final cohort of students is selected to join the Online MBA in Retail Management program.
The comparison between an online MBA in Retail Management and MBA in Public Policy and Management is made below with key points:
|Course Name||Online MBA in Retail Management||MBA in Public Policy and Management|
|Overview of the Course||The Master of Business Administration in Retail Management program online introduces students to the most modern theories and methods in retail management functional areas while also providing them with a broader management viewpoint.||The postgraduate diploma in public policy and management is a comprehensive program designed to equip students with the knowledge and skills necessary to understand and address complex public policy issues.|
|Duration||2 Year||1-2 years|
|Eligibility||Graduation Passed with 45% marks||Bachelor's degree in any discipline|
|Admission Process||Written Exams + Personal Interview||Entrance Exam + Personal Interview|
|Average Fee Structure||Rs 20,000 / Semester||INR 50,000 - INR 2,00,000 per annum|
|Average Annual Salary||4LPA to 15LPA||INR 4,00,000 - INR 10,00,000|
|Employment Areas||Reliance Group, RPG Retail, MNCs, Government Organizations||Government Agencies, Non-profit Organizations, Consulting Firms, International Organizations|
|Job Roles||Retail Manager, Sales HR, Supply chain Manager etc||Policy Analyst, Program Manager, Policy Advisor, Consultant, Researcher, etc.|
The majority of B-Schools offer Online MBA Retail Management Admission few are listed below with their fees structure
|College Name||Approx. Fees (in INR)|
|Narsee Monjee Institute of Management Studies (NMIMS) Global Access School for Continuing Education Mumbai, Maharashtra||1,00,000 - 1,50,000|
|Amity University Online Noida, Uttar Pradesh||1,50,000 - 2,00,000|
|Symbiosis Centre for Distance Learning Pune, Maharashtra||75,000 - 1,00,000|
|IGNOU (Indira Gandhi National Open University)New Delhi||30,000 - 40,000|
|Annamalai University Online TamilNadu||50,000 - 80,000|
|ICFAI University||60,000 - 80,000|
There are ample job roles for graduates after completing the course Online MBA in Retail Management, few are listed below:
|Retail Manager||A retail manager is in charge of managing the day-to-day activities of a retail store, including sales, customer service, and inventory management. You might become eligible for managerial positions in this industry with an MBA in retail management.|
|Marketing Manager||A marketing manager is in charge of developing and putting into practice marketing plans to advertise goods and services. You can become qualified for management jobs in the marketing divisions of retail firms with an MBA in retail management.|
|Supply Chain Manager||A supply chain manager is in charge of directing the movement of products and services from suppliers to consumers. You can become qualified for leadership roles in supply chain management in retail firms with an MBA in retail management.|
|Merchandiser||A merchandiser is in charge of choosing and setting up things in a shop to draw customers in and increase sales. You can become qualified for leadership roles in the merchandising divisions of retail firms with an MBA in retail management.|
|E-Commerce Manager||An e-commerce manager is responsible for managing online sales channels for a retail organization. With an MBA in retail management, you can qualify for leadership positions in e-commerce departments of retail organizations.|
|Business Development Manager||A business development manager is responsible for identifying new business opportunities and developing relationships with potential clients. With an MBA in retail management, you can qualify for leadership positions in the business development departments of retail organizations.|
|Operations Manager||An operations manager is responsible for managing the day-to-day operations of a retail store, including inventory management, supply chain management, and customer service. With an MBA in retail management, you can qualify for leadership positions in the operations departments of retail organizations.|
|Retail Analytics Manager||A retail analytics manager is responsible for analyzing data related to customer behavior, sales, and inventory to make informed business decisions. With an MBA in retail management, you can qualify for leadership positions in retail analytics departments of retail organizations.|
|Retail Consultant||The retail consultant is responsible for providing ideal advice to retail companies on how to improve their operations and increase their growth. With an MBA in retail management, you can qualify for positions as a consultant in retail management firms.|
There are many recruiters for graduates after completing the course Online MBA in Retail Management, few are listed below:
|Tata Groups||Reliance Group|
|Ebony retail holdings||RPG Retail|
There are huge employment areas for graduates after completing the course Online MBA in Retail Management, few are listed below:
|Aditya Birla Group||ITC Retail|
|Colleges & Universities||Government Organizations|
|Reliance Group||Retail Industries|
An applicant with a master’s degree in retail management would have a lot of opportunities. The following are some of the most common work opportunities along with their average salaries/earnings:
|Job Roles||Average Salary per Annum|
|Brand Manager||6 Lakhs|
|Marketing Executive||2-5 Lakhs|
|Retail Manager||3-5 Lakhs|
|Department Manager||3-5 Lakhs|
|Marketing Manager||7-8 Lakhs|
|Store Manager||3-5 Lakhs|
|Senior Operations Manager||12 Lakhs|
|Brand Manager||9-10 Lakhs|
Students can choose from a variety of choices in online MBA Retail Management courses. They have a promising future in front of them. After completing this degree program, graduates may have a variety of options to find high-paying employment. They will be able to work for reputable global corporations as a result. Candidates who complete this degree program stand a strong chance of landing a position in the government.
An Online MBA in Retail Management graduate has a wide range of career-building options, including brand marketing, operations, supply chain management, and logistics. Both the commercial and public sectors have a significant demand for persons with an MBA in Retail Management specialty. Job roles include marketing and product management.
The Online MBA in the retail management industry is expected to continue its growth trajectory in the coming years, driven by factors such as increasing consumer demand, technological advancements, and the rise of e-commerce. This growth presents a significant opportunity for professionals with an MBA in retail management.
(1). Inventory Manager
(2). Logistics and Warehouse Manager
(3). Marketing Executive
(4). Retail Manager / Retail Buyers and Merchandisers
(5). Store Manager
(6). Supply Chain Distributor
(7). Operational Manager
After completing an Online MBA in Retail Management, there are several opportunities for further studies and career advancement. Some potential options for higher studies include:
(1). Ph.D. in Retail Management: If you have a keen interest in research and academic pursuits, pursuing a Ph.D. in Retail Management can lead to a career in academia, teaching, or research. A Ph.D. allows you to specialize in a specific area of retail management and contribute to the industry through advanced research.
(2). Certificate Courses: Enrolling in short-term certificate courses related to emerging trends in retail, such as Data Analytics in Retail, Retail Technology, or Digital Marketing, can help you stay updated with the latest industry developments.
(1). Inventory Management
(2). E-commerce Strategy
(3). Customer Relationship Management
(4). Retail IT Solutions
(5). Digital Marketing
(6). Pricing Strategies
(7). Strategic Planning
Q1: What is an Online MBA in Retail Management?
A1: An Online MBA in Retail Management is a graduate-level business program that focuses on the principles and practices of managing retail businesses. It equips students with skills in retail analytics, marketing, supply chain management, and e-commerce to excel in the dynamic retail industry.
Q2: How long does it take to complete an Online MBA in Retail Management?
A2: The duration of an Online MBA in Retail Management varies depending on the program and the student's pace of study. Typically, it takes around 1.5 to 2 years to complete the degree.
Q3: What are the eligibility criteria for an Online MBA in Retail Management?
A3: The eligibility criteria may vary among institutions, but generally, candidates need a bachelor's degree in any discipline from a recognized university and may be required to submit relevant work experience, entrance exam scores, and academic transcripts.
Q4: Can I pursue an Online MBA in Retail Management while working full-time?
A4: Yes, most Online MBA programs are designed to accommodate working professionals. The flexibility of online courses allows students to manage their studies alongside their full-time jobs.
Q5: What career opportunities are available after completing an Online MBA in Retail Management?
A5: Graduates can pursue various managerial roles in the retail sector, such as Retail Manager, Store Manager, Merchandising Manager, Supply Chain Manager, and E-commerce Manager.
Q6: Is an Online MBA in Retail Management as valuable as a traditional on-campus MBA?
A6: Yes, an Online MBA in Retail Management holds the same value as a traditional on-campus MBA. The key is to ensure the program is accredited and offered by a reputable institution.
Q7: What are the advantages of studying Retail Management online?
A7: Online learning offers flexibility, allowing students to study at their own pace and from anywhere with an internet connection. It also enables students to balance work, family, and other commitments while pursuing their education.
Q8: How much does an Online MBA in Retail Management cost?
A8: The cost of an Online MBA in Retail Management can vary depending on the institution and the program's duration. Generally, the fees range from INR 50,000 to INR 2,00,000 or more.
Q9: Can I specialize in a specific area within Retail Management during the MBA program?
A9: Yes, some Online MBA programs offer specializations or elective courses, allowing students to focus on specific areas like Retail Marketing, Supply Chain Management, or E-commerce.
Q10: Are there any scholarships or financial aid options available for Online MBA students?
A10: Yes, some institutions may offer scholarships or financial aid to eligible students. It's recommended to check with the specific university or business school for available options and eligibility Criteria