Distance MBA in Retail Management - Narsee Monjee Institute of Management Studies (NMIMS), Mumbai

  • Years 2 Years
  • Type Course Post Graduate
  • stream Management
  • Delivery Mode
Written By universitykart team | Last updated date Apr, 27, 2024

Distance MBA in Retail Management

The Distance MBA Retail Management is a postgraduate program that explores various aspects of retail management. This is a two-year UGC-DEB-approved course covering topics related to sales management and retail marketing.

Distance MBA in Retail Management focuses on the management and administration of retail businesses. It is designed to provide working professionals and individuals with flexibility in their studies, as it can be pursued remotely, typically through online platforms and study materials.

The program covers various aspects of retail management, such as supply chain management, merchandising, customer relations, marketing, finance, and human resources. Students gain insights into the latest trends in the retail industry, learn effective strategies for business growth, and develop the skills needed to manage retail operations efficiently.

Distance MBA in Retail Management offers the convenience of studying from anywhere, making it accessible to people with busy schedules or those unable to attend traditional, on-campus courses. However, it requires self-discipline and time management to keep up with coursework and assignments.

Upon completion of the program, graduates can pursue careers as retail managers, store operations managers, merchandising executives, retail analysts, and other roles in the retail sector.

Course Highlights of Distance MBA in Retail Management

Particulars Values
Course Name Distance Master of Business Administration in Retail Management
Course Level Post Graduate (PG)
Course Duration 2 years
Examination Type Semester System
Eligibility Criteria Graduation in any discipline from a recognized university
Admission Process Merit/Entrance Based
Specialization Retail Management
Internship Yes
Entrance Exams CAT, XAT, CMAT, etc.
Course Fee Approx INR 48,910- INR 86,941 (As per University)
Average Annual Salary INR 5 lakhs to 20 lakhs
Top Recruiters IBM, Infosys, Wipro, Accenture, Banking Institutes, Educational Institutes, Healthcare Industry, Retail Operations, and many more.
Job Profiles Retail Executive, Advertising Manager, Administrative Officer, Regional Manager, Sales Manager, among others.

Why Study Distance MBA in Retail Management?

Studying a Distance MBA in Retail Management can offer several advantages for individuals interested in pursuing a career in the retail industry. Here are some reasons why it can be a beneficial choice:

(1) Flexibility:
Distance MBA programs allow you to study at your own pace and from the comfort of your home. This flexibility is especially advantageous for working professionals or individuals with other commitments who may find it challenging to attend traditional on-campus classes.

(2) Industry-Relevant Curriculum:
A Distance MBA in Retail Management is designed to provide a comprehensive understanding of the retail sector, including marketing strategies, supply chain management, consumer behaviour, retail operations, and more. The curriculum is often tailored to meet the current demands and challenges faced by the retail industry, ensuring that graduates are equipped with relevant and up-to-date knowledge.

(3) Career Advancement:
Retail is a vast and dynamic industry with numerous opportunities for career advancement. With a specialized Distance MBA in Retail Management, you can enhance your skills and knowledge, making yourself more marketable to potential employers and increasing your chances of career growth.

(4) Practical Skills:
The program typically emphasizes practical skills that are directly applicable to the retail sector. Students may have opportunities to work on real-world projects, case studies, and simulations, gaining hands-on experience that can be valuable in their future careers.

(5) Networking Opportunities: 
Even in a distance learning environment, students often have opportunities to interact with peers, professors, and industry professionals. Building a strong network during your MBA can lead to valuable connections and potential job opportunities in the retail sector.

(6) Entrepreneurial Pursuits:
If you aspire to start your own retail business, a Distance MBA in Retail Management can provide you with the essential business acumen and knowledge needed to successfully launch and manage your venture.

(7) Understanding Consumer Behavior:
Retail Management involves understanding consumer preferences and behaviour, which is crucial for creating successful retail strategies. A specialized MBA in this field can help you gain insights into consumer trends and how to cater to customer needs effectively.

(8) Global Perspective:
Retail is a global industry, and a Distance MBA program may expose you to international retail practices, trends, and challenges. This global perspective can be valuable for those aspiring to work in multinational retail organizations or expand their business operations internationally.

Eligibility Criteria for Distance MBA in Retail Management

The eligibility criteria for a Distance MBA in Retail Management may vary depending on the specific university or institution offering the program. However, some general ideas of the typical eligibility requirements that are often seen in such programs:

(1) Educational Qualifications:
Candidates must possess a bachelor's degree in any discipline from a recognized university. The degree should be obtained from a university approved by the University Grants Commission (UGC) or any other relevant educational governing body.

(2) Work Experience:
While some universities may not require work experience, many distance MBA programs prefer candidates with some prior work experience. The amount of required work experience can vary but is often around 2-3 years in a relevant field.

(3) Minimum Percentage/CGPA:
Some institutions may set a minimum percentage or cumulative grade point average (CGPA) that candidates need to have in their bachelor's degree. It is typically around 50% or a CGPA of 2.5 on a 4.0 scale.

(4) Entrance Test:
Some universities may require candidates to appear for an entrance examination specifically designed for the MBA program. This test evaluates the candidate's aptitude, verbal ability, quantitative skills, and general knowledge.

(5) English Language Proficiency:
For international students or candidates whose medium of instruction during their bachelor's degree was not English, proficiency in the English language may be required. This can be demonstrated through standardized English language tests like TOEFL or IELTS.

(6) Age Limit:
Some institutions may have an age limit for admission to the program. This varies from one university to another, but it is generally not strictly enforced for distance learning programs.

Admission Process for Distance MBA in Retail Management

The admission process for a Distance MBA in Retail Management may vary depending on the specific university or institution offering the program. Here's a general procedure:

(1) Research and Choose the University/Institution:
Start by researching universities or institutions that offer a Distance MBA in Retail Management. Look for accredited and reputed institutions with a strong track record in providing quality education in this field.

(2) Check Eligibility Criteria:
Review the eligibility criteria set by the university for the Distance MBA program. Typically, candidates are required to have completed their undergraduate degree from a recognized university with a minimum percentage or CGPA. Some institutions may also require relevant work experience.

(3) Entrance Exam (if applicable):
Some universities may require candidates to take an entrance exam as part of the admission process. The exam might assess the candidate's aptitude, quantitative skills, logical reasoning, and general knowledge. Check with the specific institutions to see if an entrance exam is necessary.

(4) Application Form:
Complete the application form for the Distance MBA program. Most institutions have an online application process. Ensure that you provide accurate and up-to-date information in your application.

(5) Documentation:
Submit the required documents along with your application form. Commonly required documents include: 

5.1 Copies of academic transcripts and certificates (10th, 12th, and Bachelor's degree)

5.2 Passport-sized photographs

5.3 Proof of identity (such as a copy of Aadhar card, passport, or driver's license)

5.4 Proof of work experience (if applicable)

5.5 Category certificate (if applying under a reserved category)

(6) Application Fee:
Pay the application fee, which is usually non-refundable, as specified by the university. The fee amount may vary from one institution to another.

(7) Selection Process:
Once you have submitted your application, the university will review your documents and, if required, conduct an interview or group discussion round. Some universities might offer direct admission based on the eligibility criteria and application review.

(8) Merit List and Admission Offer:
The university will publish a merit list based on the performance in the entrance exam (if applicable) and/or academic qualifications. If you meet the required cutoff and other criteria, you will receive an admission offer from the university.

(9) Acceptance of Admission Offer:
If you receive an admission offer, you'll need to accept it within the specified time frame and pay the necessary fees to confirm your enrollment.

NOTE: It's essential to check the official websites of the universities you are interested in for specific and updated information about the admission process, as it may differ from one institution to another. Additionally, consider reaching out to the university's admission office or counsellors for any clarifications you may need during the application process.

Skills Required for Distance MBA in Retail Management

A Distance MBA in Retail Management equips individuals with the necessary skills and knowledge to thrive in the retail industry. While specific programs may vary, here are some common skills that are typically required or beneficial for pursuing a Distance MBA in Retail Management:

Business Management Retail Strategy
Retail Operations Leadership and Team Management
Consumer Behavior Communication and Interpersonal Skills
Merchandising and Inventory Management Financial Management
Retail Marketing and Sales Problem-Solving and Decision-Making
E-commerce and Omni-channel Retailing: Ethics and Social Responsibility
Retail Analytics Global Retailing

Entrance Exams for Distance MBA in Retail Management

With management entrance exams held by various bodies, admission to the best Distance MBA in Retail Management institutions in India depends on the ranking of the student. There are many forms of entrance exams for Distance MBA in Retail Management candidates and they can choose which entrance exam to take depending on the level of difficulty and the competition they wish to face. The entrance exams conducted at the national and university levels are as follows:

CAT XAT
ATMA CMAT
GMAT NMAT
SNAP MAT

Fee Structure for Distance MBA in Retail Management

The academic fee of a Distance MBA in Retail Management varies from Rs. 1,00,000 to Rs. 3,00,000. The fee of the program varies as per the university. You can check the fee of different universities on University Kart, which helps you in comparing the academic fee of different universities that are offering this course in distance mode. The fee structure of some colleges is as follows:

Name of College Average Annual Fees
Alagappa University INR 26.4 K
Indian School of Business and Administration, Gwalior INR 49.9 K
Symbiosis Centre for Distance Learning, Hyderabad INR 18 K
Academy of Higher Education, Mumbai INR 10 K
National Institute of Retail and Management, Bengaluru INR 50.6 K

Course Comparison of Distance MBA in Retail Management

Two of the common degrees evaluated in the Distance Master’s Program in the table listed below on the basis of a few parameters:

Parameters Distance MBA in Retail Management Distance MBA in Marketing Management
Course Name Distance Master of Business Administration in Retail Management Distance Master of Business Administration in Marketing Management
Course Overview It is designed to provide working professionals and individuals with flexibility in their studies. It is a postgraduate management program designed to equip students with the knowledge and skills required to excel in the field of marketing.
Course Duration 2 Years 2 Years
Course Level Post Graduate (PG) Post Graduate (PG)
Eligibility Criteria Graduation in any discipline from a recognized university Graduate from a Recognized University or Institute
Admission Process Merit/Entrance Based Merit/Entrance Based
Course Fee INR 48,910- INR 86,941 INR 50,000 to INR 1.5 Lakhs
Average Annual Salary INR 5 lakhs to 20 lakhs INR 3 to INR 15 LPA
Career Prospect Retail Executive, Advertising Manager, Administrative Officer, Regional Manager, Sales Manager, etc. Market Research Analyst, Advertising Manager, Brand Manager, Marketing Communications Manager, Marketing Manager, Sales Manager, Public Relations (PR) Director, Marketing Executive, etc.

Top Colleges of Distance MBA in Retail Management

Listed below are some of the top Distance MBA in Retail Management Colleges in India which offer the course:

Name of College Location
Symbiosis Centre for Distance Learning (SCDL) Pune
IGNOU (Indira Gandhi National Open University) New Delhi
Amity Directorate of Distance & Online Education Noida
Sikkim Manipal University Directorate of Distance Education Gangtok
Annamalai University Directorate of Distance Education Tamil Nadu
Bharathidasan University Centre for Distance Education Tamil Nadu
Madras University Institute of Distance Education Chennai
Pondicherry University Directorate of Distance Education Puducherry
NMIMS Global Access School for Continuing Education (NGA-SCE) Mumbai
ICFAI University Tripura

Jobs and Placements in Distance MBA in Retail Management

The range of tasks of the Distance MBA Retail Management is large. Retail is one of the most dynamic and demanding sectors in the world and contributes to the country's economic growth. In recent years, the need for skilled workers in retail has increased. Retail Management is the perfect job for anyone with an interest in product, marketing and marketing, sales, advertising, marketing and market research.

Distance MBA in Retail Management offers careers as a sales manager and, as experience is gained, advances to a more senior position as a mall manager or branch manager. Graduates will work as retail managers in manufacturing companies to help consumers with their products. Retail sales managers are often sought after by other companies such as insurance, banking, education, healthcare, etc.

Some Jobs for Distance MBA in Retail Management Students:

Floor Manager Retail Manager
Store Manager Supply Chain Manager
Sales Executive Merchandiser
Customer Care Executive Brand Manager
Image Promoter Lobby Manager

Expected Salary for Distance MBA in Retail Management Graduates:

The salary of a Distance MBA in Retail Management in India varies based on various criteria including experience, specialty, region, etc. Distance MBA in Retail Management graduates often earn between INR 5 and 15 LPA.

The type of industry you work in and job title is other variables that affect salary. Apprenticeships and internships can help graduates earn more as they broaden their experience. The salary range for a Distance MBA in Retail Management in India is shown in the table below.

Job Roles Average Salary
Brand Manager INR 6 Lakhs
Marketing Executive INR 2-5 Lakhs
Department Manager INR 3-5 Lakhs
Store Manager INR 3-5 Lakhs
Marketing Manager INR 7-8 Lakhs
Senior Operations Manager INR 12 Lakhs
Brand Manager INR 9-10 Lakhs
Retail Manager INR 10-12 LPA
Sales Manager INR 7-10 LPA
Merchandiser INR 7 LPA

Top International Recruiting Companies who hire Distance MBA in Retail Management graduates are:

Tata Groups Raymond
Reliance Group Canon
Ebony retail holdings Nestle
RPG Retail eBay
Wills Lifestyle Blue Star
Shoppers Stop Philips India
Globus Croma
Pantaloons Snapdeal
Lifestyle HCL
ITC Retail Puma
Amazon Zomato
Reliance Group HP
Flipkart DHL
Piramals Grofers
Havells Limited Panasonic

Job Profiles for Distance MBA in Retail Management

Some of the famous expert avenues open to successful graduates of the Distance MBA in Retail Management degree are indexed underneath with the corresponding salaries provided for the respective positions.

Job Profile Job Description
Marketing Manager Their job is to promote a business, product, or service and this role is typically filled by a mid-career marketing generalist. They often plan and oversee a broad range of activities, including launches, advertising, Social Media campaigns, events, etc.
Senior Operations Manager He or She oversees the organization's services and/or production of goods. They oversee various departments and make sure that the company's services and products meet the expectation of customers or clients.
Store Manager As store managers, they ensure that the sales are reconciled daily, with deposits arranged. They also supervise the day-to-day operations of the store and directly supervise staff, set up work schedules, and assign duties.
Brand Manager He or She manages and controls the way a brand is exposed to the public. To drive marketing initiatives and advertising, a brand manager ensures to get positive response to the brand from consumers.

Scope for Distance MBA in Retail Management

The scope of the Distance MBA in Retail Management is enormous due to the demands of the modern world. There are many retail stores in today's world compared to before. There are several malls, supermarkets, retail stores, online shops and more. And people prefer to order online and have the goods delivered to their homes to save time on shopping. Due to increased responsibility and demand, more career opportunities are open in this industry.

Upon completion of the program, graduates of a Distance MBA in Retail Management are well-prepared to pursue various roles in retail management, such as retail managers, category managers, merchandising managers, or retail consultants. The comprehensive knowledge and skills gained through the program enable graduates to effectively manage retail operations, analyze consumer behaviour, develop innovative retail strategies, and drive business growth.

Distance MBA in Retail Management: Career Prospects

Networking opportunities are also an integral part of a Distance MBA program. Students have the opportunity to connect with professionals in the retail industry, industry experts, and fellow students through online forums, virtual networking events, and professional social media platforms. These connections provide avenues for knowledge sharing, collaboration, and potential career opportunities in the retail field.

A Distance MBA in Retail Management offers professionals the flexibility to advance their understanding of retail management principles while maintaining their work commitments. The program's comprehensive curriculum, flexible learning format, and networking opportunities make it an excellent choice for individuals seeking to enhance their career prospects in the retail industry. Whether aiming for career growth or transitioning into retail management roles, graduates of a Distance MBA in Retail Management are well-equipped to excel in managing retail operations, developing retail strategies, and driving business success.

FAQs on Distance MBA in Retail Management

(1) What is a Distance MBA in Retail Management?
Ans: A Distance MBA in Retail Management is a postgraduate management program that focuses on developing the skills and knowledge required to manage and operate retail businesses. The program is designed to be completed through distance learning methods, allowing students to study at their own pace from their preferred location.

(2) What are the eligibility criteria for a Distance MBA in Retail Management?
Ans: The eligibility criteria can vary from one university to another, but generally, candidates should have a bachelor's degree in any discipline from a recognized university. Some universities may require candidates to have a certain minimum percentage or work experience as well.

(3) What is the duration of a Distance MBA in Retail Management program?
Ans: The duration of the program typically ranges from 1 to 2 years, depending on the university and the mode of study. Some institutions may offer flexible options, allowing students to complete the course within an extended period if needed.

(4) What subjects are covered in the curriculum?
Ans: The curriculum of a Distance MBA in Retail Management includes a mix of core management subjects and specialized retail management topics. Core subjects may include marketing management, financial management, human resource management, and operations management. Retail-specific subjects may cover retail operations, merchandising, supply chain management, consumer behaviour, and retail sales techniques.

(5) How are the classes conducted in distance learning mode?
Ans: Distance MBA programs usually offer study materials, video lectures, and online resources that students can access through a learning management system (LMS). Interaction with faculty and peers can take place through online discussion forums, video conferencing, or emails.

(6) Are there any practical components in the program?
Ans: Though distance learning programs are primarily online, some universities may require students to participate in a certain number of on-campus sessions, workshops, or internships to gain practical exposure and hands-on experience in retail management.

(7) What are the career prospects after completing a Distance MBA in Retail Management?
Ans: Graduates of a Distance MBA in Retail Management can pursue various career paths in the retail industry. They may find opportunities in retail store management, merchandising, marketing, supply chain management, and retail operations. Some may also choose to start their own retail businesses or work with retail consulting firms.

(8) Is a Distance MBA in Retail Management equivalent to a regular MBA?
Ans: Yes, a Distance MBA in Retail Management holds the same academic value and recognition as a regular MBA in Retail Management. The degree is awarded by the university or institution conducting the program, and it does not mention the mode of study.

(9) How do I choose the right university or institution for a Distance MBA in Retail Management?
Ans: When selecting a university for a Distance MBA in Retail Management, consider factors such as accreditation, reputation, faculty expertise, course curriculum, flexibility of study, support services for distance learners, and placement assistance.

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