MBA in Retail Management: Course Details, Eligibility, Admission, Fees
Duration
2 Years
Average Fees
INR 3 to 24 Lakhs
Updated on Mar 20, 2023 by Lisha Gupta
Updated on Mar 20, 2023 by Lisha Gupta
MBA in Retail Management is a 2-years postgraduate management course that deals with the instruction and information on the key management skills needed to streamline the retail process. MBA in Retail Management course aims to build strong knowledge on retail planning, logistics, corporate communication, retail sales techniques, sales promotions. The course opens versatile job offers in retail firms, marketing firms and product based sales companies.
MBA in Retail Management Course Details
| Degree | Masters |
| Full Form | Master of Business Administration in Retail Management |
| Duration | 2 Years |
| Age | No specific age limit |
| Minimum Percentage | Minimum of 50% aggregate in under-graduation |
| Average Fees | INR 3 to 24 Lakhs |
| Average Salary | INR 50,000 - 30 LPA (Source: PayScale) |
| Employment Roles | Sales Manager, Retail Manager, Brand Manager, Logistics Manager, Operations Manager, Sales Head, Fund Manager, Merchandiser |
About MBA in Retail Management
Retail management includes all the steps taken to get customers into the shop to satisfy their shopping needs. MBA in Retail Management course offers insight into the fundamentals and strategies of the functional areas of management. Students are taught to find challenges, think creatively, and develop new ways to develop and improve the retail process.
MBA in Retail Marketing subjects includes business management, accounting, finance, retail planning, retail sales techniques, sales promotions, logistics, corporate communication and many more. MBA in Retail Management job scope is in demand in restaurants, logistics, banks, warehouses, bookshops, cafes, shopping malls, multiplexes, airlines, insurance, and advertising agencies.
Eligibility Criteria for MBA in Retail Management
Admission to the course requires the basic MBA in Retail Management eligibility criteria that the aspirant must have completed the undergraduate degree in any discipline with a minimum of 45% - 50% academic aggregate in any reputed colleges or universities. This course is a suitable course for people with exceptional interpersonal and communication skills.
Who Should Pursue an MBA in Retail Management?
The goal of the MBA in Retail Management is to promote discussion and the dissemination of knowledge about the operational, financial, and marketing aspects of the retail sector. The following is a list of some considerations candidates should make when choosing an MBA programme in retail management:
- those who are looking to advance in the retail sector.
- The course should be open to students with a BBA or Bachelor's degree in a related discipline.
- After working in the industry for at least a year, candidates can enrol in the course to sharpen and develop their Retail management skills.
When To Do an MBA in Retail Management?
Both national and international MBA programmes in retail management provide career chances in a variety of industries. Below are some factors that affect MBA Retail management:
- Prior to obtaining an MBA in Retail management, it is best to gain experience as a Retail Manager, Accountant, etc. for at least a year. Even if it is not necessary, gaining weight while being welcomed is a positive thing.
- Candidates must have between three and five years of work experience if they intend to pursue an MBA overseas.
- Due to the high expense of the programme, it is advised to have some resources on hand and work experience before enrolling in an MBA in Retail management.
How To Get Admission to an MBA in Retail Management?
The admission process for MBA in Retail Management is based on merit and the cut-off scores earned in the entrance exams. The selection process is either based on entrance exam scores or on a merit basis. The management quota or direct admission is purely based on seats, which may vary according to the institution. Students can also pursue MBA in Retail Management through online and distance education.
The institutions conduct group discussions and interviews. The admission procedure for MBA in Retail Management is similar to that of any MBA course. Listed below is the admission process in general:
Apply for the Course
The aspirants can either apply online or offline. Based on their merit or the score obtained in the entrance exams, the applicants are shortlisted prior to entry to the program; the universities administer counselling, personal interviews, and group discussion rounds.
Selection criteria
Marks scored in related management entrance exams by students are taken into account. After an interview, deserving aspirants are allocated seats.
Read More on MBA Admission
Types of MBA in Retail Management
Aspirants can pursue the course in full-time or part-time mode. Below are the types of MBA Retail Management courses in detail:
Full-Time
There is a full-time, two-year MBA programme in retail management. In this career, practical knowledge is more significant than theoretical understanding. A full-time course has the advantage of allowing students to significantly broaden their exposure, experience, and knowledge through close interaction with instructors and other students.
Part-Time
A part-time MBA in Retail management programme is offered for students who are unable to attend regularly scheduled classes. Two years are spent on the course. Enrolling in a part-time course while concurrently working, attending school, etc. is practical for students.
Distance
The two- to the three-year online MBA programme in retail management is finished. When pursuing an MBA in Retail management after completing a bachelor's degree but lacking the time to attend traditional classes, distance learning is the ideal option.
Popular MBA in Retail Management Entrance Exams
In management entrance exams conducted by various bodies, admission to top MBA institutions in India depends on the student's ranking. There are multiple forms of entrance exams for MBA aspirants, and they can choose the entrance exam they want to appear in depending on the level of difficulty and competition they are willing to face. The entrance exams conducted at the national and university level are as follows:
A Quick Glance at the MBA in Retail Management Entrance Exams
MBA in Retail Management course is one of the best choices for aspirants interested in learning retail principles. To get admission to the best institution, one has to clear national or international entrance exams. Some of the standard patterns of the entrance exams are listed below:
- The exam patterns consist of sections like verbal & reading comprehension, data interpretation & logical reasoning, and quantitative ability. The test includes language comprehension, mathematics, data analysis, critical reasoning, and the Indian and global environment.
- The exam will be offline, on OMR sheet-based paper, or online.
- The time duration of the entrance tests is usually 3 hours or 3 hours 30 minutes.
- The syllabus, mode of examination, and question pattern may change according to the university.
Top MBA in Retail Management Colleges in India
Around 3000 colleges are offering MBA in Retail Management in India. Listed below are the top colleges offering MBA in Retail Management according to NIRF:
| NIRF Ranking | Colleges | Fees |
| 3 | IIM Calcutta | INR 27 LPA |
| 4 | IIM Lucknow | INR 19.25 LPA |
| 7 | IIFT Delhi | INR 7.5 LPA |
| 9 | XLRI Jamshedpur | INR 25.8 LPA |
| 22 | SIBM Pune | INR 15.32 LPA |
| 34 | JMI New Delhi | INR 56,000 PA |
| 41 | Amity University Noida | INR 7.6 LPA |
| 49 | LPU | INR 1.6 LPA |
| 63 | IMI Bhubaneswar | INR 11.79 LPA |
Top MBA in Retail Management Colleges in Delhi
India’s capital city is home to some of the best institutions for MBA in Retail Management in India. Check the table below for the top MBA in Retail Management in Delhi:
| Sl.No | Institution |
| 1 | Amity University |
| 2 | BIMTECH |
| 3 | JIMS |
| 4 | Galgotias University |
| 5 | Monad University |
Top MBA in Retail Management Colleges in Mumbai
Mumbai also has some of the best institutions for MBA in Retail Management in India. Check the table below for the top MBA in Retail Management colleges in Mumbai:
| Sl.No | Institution |
| 1 | IIT Bombay |
| 2 | SPJIMR |
| 3 | Vivekanand Business School |
| 4 | JBIMS |
| 5 | Kohinoor Business School |
Top MBA in Retail Management Colleges in Bangalore
The capital city of Karnataka is renowned around the country for colleges offering top MBA in Retail Management. Check the table below for the best MBA in Retail Management colleges in Bangalore:
| Sl.No | Institution |
| 1 | IIM Bangalore |
| 2 | Indus Business Academy |
| 3 | Xavier Institute of Management and Entrepreneurship |
| 4 | SIBM |
| 5 | Jagdish Sheth School of Management |
Top MBA in Retail Management Colleges in Kolkata
The capital city of West Bengal is renowned around the country for colleges offering top MBA in Retail Management. Check the table below for the best MBA in Retail Management colleges in Kolkata:
| Sl.No | Institution |
| 1 | Sister Nivedita University |
| 2 | IIMM |
| 3 | Pioneer College of Management |
| 4 | UEM |
| 5 | JIS University |
Top MBA in Retail Management Colleges in Hyderabad
Hyderabad is renowned around the country for colleges offering top MBA in Retail Management. Check the table below for the best MBA in Retail Management colleges in Hyderabad:
| Sl.No | Institution |
| 1 | Vishwa Vishwani Institute of Systems and Management |
| 2 | MANUU |
| 3 | MRU |
Study MBA in Retail Management Abroad
Students who can afford it may decide to study for an MBA in Retail Management abroad. The MBA in Retail Management requires a minimum of two years to complete, depending on the type of programme, the college, and the country. When taking an MBA in Retail Management abroad, students can take use of some of the best facilities, lecturers, and resources available.
Additionally, they can learn about many cultures and topics from throughout the world. Candidates must also perform exceptionally well in their 10+2 coursework and have great English language skills. The following list includes some of the top MBA in Retail Management programmes offered abroad, along with important tuition details:
Top MBA in Retail Management Colleges Abroad
The table below contains a list of some of the best colleges abroad for MBA in Retail Management:
| Institution | Fees |
| Stanford University, USA | USD 74,706 |
| Harvard University, USA | USD 73,440 |
| University Of Pennsylvania, USA | USD 83,230 |
| London Business School, UK | GBP 92,735 |
| Massachusetts Institute of Technology, USA | USD 78,954 |
| HEC Paris School Of Management, France | EUR 76,000 |
| IE Business School, Spain | EUR 72,762 |
| INSEAD, France | EUR 91,225 |
| Columbia Business School, USA | USD 77,376 |
| IESE Business School, Spain | EUR 93,500 |
MBA in Retail Management in USA
The USA is home to some of the best universities and colleges offering top-notch MBA in Retail Management in the world. The table below contains the list of top colleges for MBA in Retail Management in USA:
| Sl.No | Institution |
| 1 | University of Texas |
| 2 | University of Washington |
| 3 | DePaul University |
| 4 | San Mateo Colleges of Silicon Valley |
| 5 | Lawrence Technological University |
MBA in Retail Management in the UK
The UK has institutions that date back to the 13th century. This makes the UK one of the best destinations for pursuing an MBA in Retail Management. The table below shows the top colleges for MBA in Retail Management in UK:
| Sl.No | Institution |
| 1 | Swansea University |
| 2 | Loughborough University |
| 3 | University of Bath |
| 4 | Oxford Brookes University |
| 5 | University of Sheffield |
MBA in Retail Management in Canada
Canada is one of the most sought-after destinations for MBA in Retail Management in the world. The table below shows the top universities in MBA in Retail Management colleges in Canada:
| Sl.No | Institution |
| 1 | Conestoga College |
| 2 | Trent University |
| 3 | Carleton University |
| 4 | Fanshawe College |
| 5 | Humber Institute of Technology and Advanced Learning |
MBA in Retail Management in Dubai
Canada is one of the most sought-after destinations for an MBA in Retail Management in the world. The table below shows the top universities for MBA in Retail Management colleges in Canada:
| Sl.No | Institution |
| 1 | City University of Ajman |
| 2 | Heriott Watt University |
| 3 | Middlesex University |
| 4 | Skyline University |
| 5 | UAE University |
Fee Structure for MBA in Retail Management
MBA in Rtail Management is one fo the most pursued rcourses in the country in the filed of MBA specialization. The average fee for the course is INR 50,000 PA - 20 LPA. Listed below are a few top MBA in Retail Management fee structures for 2 years:
| S.No | Colleges | Fee Structure (INR) |
| 1 | IIFT, New Delhi | 7.5 LPA |
| 2 | Amity University | 7.6 LPA |
| 3 | JMI University | 56,000 |
| 4 | LPU | 1.16 LPA |
| 5 | AMU | 3.5 LPA |
MBA Retail Management Course Comparison
The business aspects of retail management are covered in the MBA Retail Management curriculum. The table that follows compares extra courses to the MBA Retail Management programme.
MBA Retail Management vs M.Sc Fashion Merchandising and Retailing
Below is a comparison between the MBA Retail Management and M.Sc Fashion Merchandising and Retailing:
| Course | MBA Retail Management | M.Sc Fashion Merchandising and Retailing |
| Full Form | Master of Business Administration Retail Management | Master of Science in Fashion Merchandising and Retailing |
| Stream | Management | Science |
| Duration | 2 Years | 2 Years |
| Eligibility | BBA or Bachelor’s in relevant field with 50% total aggregate. | Bachelor’s in relevant field with 50% total aggregate. |
| Entrance Exams | CAT, XAT, MAT, GMAT | Merit-based |
| Top Colleges | IIFT, Amity University, JMI, LPU | NIFT, Sharda University, Amity University |
| Fees | INR 50,000 - 30 LPA | INR 5 - 14 LPA |
Syllabus and Subjects for MBA in Retail Management
The MBA in Retail Management program provides students with a general management perspective and exposes them to the latest principles and methods in functional management. Given below are some of the MBA in Retail Management subjects:
- Business Management
- Strategic Management
- Accounting and Finance
- Retail Planning
- Retail Sales Techniques
- Sales Promotions
- Logistics
- Business in Government, and Society
- Corporate Communication
Read More: MBA in Retail Management Subjects and Syllabus
Why Choose MBA in Retail Management?
MBA in Retail Management course focuses on retail store goods income, stock balance, the stock needed, payment, turnovers, etc. Let's get to know about "why choose an MBA in Retail Management ?" with the aid of three simpler questions.
What is MBA in Retail Management All About?
MBA in Retail management is one of many sought-after courses in business management where the graduates must have to understand the complexity of job nature. Retail management is nothing but exchanging goods between the seller and the buyer in small quantities by one-time contact.
Key role: Retail management is all about handling goods between seller and buyer. But when retail managers have a good reputation and client relationships, that may make buyers regular customers of the retail store.
Easy Shopping: In the modern world, shopping in urban areas concentrates on adopting innovative managerial practices in the stores like home delivery, easy ordering online process, offers, and much more. Altogether MBA in Retail Management is all about selling products to customers, goods handling, brand management, production strategy, marketing, sales, financing, accounting, statistics management, and retailing dynamics.
What Does a Retail Manager Do ?
The retail manager is responsible for overseeing the retail store. They are accountable for every aspect of the day-to-day management of sales, employees, and stocks. Here are some of the roles and responsibilities of a retail manager:
Recruiting Staff: The retail manager is responsible for recruiting, training, and, in some cases, staff growth. A retail manager may have various subordinates, such as assistant managers, departmental heads, supervisors, key holders, shift managers, or managers.
Managing Developments: Retail managers ensure that staffing is sufficient to run the store efficiently and ensure that workers receive adequate training on their job responsibilities. Retail managers are always on the shop floor and regularly communicate with both their clients and their employees.
Meeting Sales Targets: Retail managers must fulfill the sales targets. This includes providing sales bonuses, setting quotas, or conducting competitions for workers.
Customer Issues: They ensure that their workers have a high level of customer support and deal with any customer problems or concerns. They will need to keep their staff motivated, settle any internal disputes and make some difficult decisions.
Reasons Why MBA in Retail Management Can Fetch You a Rewarding Career
Retail management has been one of the fastest-growing careers in the sector, with tremendous economic growth. India's retail sector is the most lucrative and emerging market in the world. It has called for more qualified practitioners in this field in recent years.
Innovative Career: It seeks to create a new generation of international smart retail professionals and equip them with the best practices to be practiced worldwide.
Good Job Growth: Retail managers are concerned with problem-solving, supply analysis, retail order tracking, merchandising, human resources & stocks, and so on. Graduates will serve in manufacturing firms as retail managers to assist consumers with goods. Retail managers are often needed by other businesses, such as insurance, banking, education, health, etc.
Read More: MBA in Retail Management Jobs and Scope
Salary of a MBA in Retail Management Graduate
MBA in Retail Management salary in India average falls under INR 50,000 - 30 LPA. An early career Retail Manager with 1 - 4 years of experience earns an average total INR 1.5 - 3 LPA salary based on graduates' skills.
Read More: MBA in Retail Management Salary
Career Options After MBA in Retail Management
MBA in Retail Management scope is huge due to the needs of the current modern world. In today's world, we can see a lot of retail stores compared to the olden days. There are more malls, supermarkets, retail stores, online retails, and much more. And people prefer to order online and get home delivery to save shopping time. Due to more responsibility and demand, there are more career gateways open in this sector. Some MBA in Retail Management jobs profiles are as follows:
- Store Manager
- Retail Manager
- Sales Manager
- Marketing Manager
- Brand Manager
- Merchandiser
Here the list of top recruiting companies:
- Reliance Group
- Tata Groups
- Colleges & Universities
- Aditya Birla Group
- Retail Industries
- ITC Retails
Skills That Make You The Best Retail Manager
Retail Managers need a host of leadership skills to carry out a management strategy so that their stores can improve sales. Retail industry employers are looking for a flexible, well-rounded candidate who has a wide variety of transferable skills, is adaptable, and has a good understanding of the industry. Here are some of the MBA in Retail Management skills:
- Decision making
- Leadership
- Organizational skills
- Communication
- Time management
- Client relationship management
- Business handling
- Goods handling
- Problem-solving
- Computer science (Software/Hardware)
Top MBA in Retail Management Colleges
MBA in Retail Management Fee Structure
FAQs
What is the career scope of an MBA in Retail Management?
There are a large number of jobs available in MNCs in roles like Product Manager. Marketing Executive. Sales Manager. Merchandiser. Sales Executive.
What are some of the famous colleges for an MBA in Retail Management in India?
Here are some of the famous MBA in Retail Management colleges: International Institute of Management Studies, Pune. Jagan Institute of Management Studies, Rohini (JIMS Rohini) Amity University, Noida. ITM Business School, Navi Mumbai. Chetana's Institute of Management and Research, Mumbai (CIMR)
What skills does one need for MBA in Retail Management?
MBA Retail Management should be pursued by students interested in the field of the retail industry. Students who possess skills in organizing, and managing, and have a knack for details and communication skills are apt for MBA in Retail management.
What is MBA in Retail Management?
MBA in Retail Management is a course where students are trained and prepared for their field in the retail sector and industry. The curriculum provides instruction and knowledge of crucial managerial abilities needed to simplify the retail process.
What is the main goal of MBA Retail Management?
All the actions necessary to attract customers to the store and meet their shopping demands are included in retail management. Retail management guarantees that clients have a pleasant shopping experience and that they leave the store smiling.