Best Retail Management Courses in India

Retail Management is a process that helps with the distribution and selling of products directly to consumers. Retail management's objective is to save time and ensure that the customers easily locate their desired merchandise and return home satisfied. Students pursuing retail management courses are taught about concepts like segmentation, retail pricing and merchandising, retail trends, relationship marketing, and retail IT (Information Technology).

List of Retail Management Courses

A student can pursue a career in retail management by opting for a 3-year duration degree program to a year duration certification course after completing 12th. The average annual fees for the Retail Management course may vary based on the University/institutions providing the course. The course fees range from INR 20K- 7 LPA. With these courses, students can get a good knowledge on how to handle Retail sector. Listed below are the famous courses that are in great demand.

Below are some of the retail management degree courses, both undergraduate courses:

• BBA in Retail Management 
• B.Sc Fashion Merchandising and Retail Management
• Bachelor in Fashion Designing and Retail Management
• Bachelor in Fashion and Luxury Retail Management
• Bachelor of Retail and Business Management
• BA (Hons) in Retail Marketing

Below are some of the retail management degree courses, both postgraduate courses:

• MBA Retail Management
• MBA in Sales and Retail Management
• MBA in Retail Marketing
• M.Sc in Retail Management

Below are some of the retail management diploma courses:

• PG Diploma in Retail Management
• Diploma in Retail Management
• Diploma in Retail Marketing
• Diploma in Merchandising
• Diploma in Retail Operations
• Diploma in Business Mathematics
• Diploma in Competitive Analysis and Planning
• Diploma in Retail Accounting
• Diploma in Retail Pricing
• PG Diploma in Fashion Designing and Retail Management

Below are some of the retail management certificate courses:

• Certificate in Retail Management
• Certificate in Retail and Sales Management 
• Certificate in Food and Safety Supervisor
• Certificate in Retail Pricing and Research
• Certificate Course in Mall Operations and Management
• Certificate in Retail Operations
• Certificate in Retail Services
• Postgraduate Certificate in Retail Management

Best Online Retail Management Courses

• Coaching Skills for Retail Managers by Udemy
• E-commerce Profits: How to Start a Business Dropshipping by Udemy 
• Retail Fundamentals by edX
• Self-Branding for Retail Managers by Udemy
• Channel Management and Retailing by Coursera 
• Fast Track Retail Buying and Merchandising by Udemy 
• Retail for Business Analysts and Management Consultants by Udemy 
• Master the Shopper Experience to Build Your Retail Business by Udemy
• Retail and Omnichannel Management by edX

BBA Retail Management

A student enrolling in a bachelor of business administration in retail management gets to learn about principles of retail supply chain management, retail customer services, store location and management, quality, marketing, accounting, and computer technology. Employment opportunities include working as a retail manager, store manager, operation manager, sales analyst, sales manager, brand manager, marketing, account manager, etc. Area of employment includes shopping malls, supermarkets, retail outlets, supply chains, and logistic firms.

Key Insights:

• Full-Form: Bachelor of Business Administration Retail Management.
• Objective: Learn basics about retail supply chain management, retail customer services, store location and management, quality, marketing, accounting, and computer technology.
• Major Subjects: Basics of Financial Management, Business Economics, Theories and Applications, Introduction to Business Accounting, Business Ethics & Corporate Governance, Customer Relation Management and Customer.
• Course Fees: The course fee for BBA retail management is between the range of INR 3-6 LPA.
• Average Salary: The average starting salary is between INR 3.4 LPA.
• Employment Roles: Brand manager, customer care executive, advertising manager, administrative officer, communications manager, department manager, logistics, and warehouse manager.
• Top Institutes: The following are some top colleges in India for BBA Retail Management:
  • Amity University (AU), Noida
  • Sun Rise University (SRU), Alwar
  • University of Technology and Management (UTM), Shillong
  • Indira Gandhi National Open University (IGNOU), Delhi
  • Ness Wadia College of Commerce (NWCC), Pune
  • Tamil Nadu Open University (TNOU), Chennai
  • St. Xavier’s College (SXC), Ranchi
  • Gandhian Institute of Technology and Management (GITAM), Visakhapatnam

B.Sc Fashion Merchandising and Retail Management

A Degree program enables a student to be equipped with fashion design, visual merchandising, product development and innovation, global retailing, logistics, supply chain management, etc. A student can design, manufacture, and apparel, market, sell and reach customers on time. Fashion merchandising and retail management enable students to develop innovative, technical, and managerial skills, which are much required.

Career opportunities include being a production merchandiser, marketing manager, retail manager, store manager, visual merchandiser, and fashion merchandiser.

Key Insights:

• Full-Form: Bachelor of Science in Fashion Merchandising and Retail Management
• Objective: Learn basics about fashion design, visual merchandising, product development and innovation, global retailing, logistics, supply chain management, etc. 
• Major Subjects: Basics of Fashion Design, Fashion Dynamics, Fashion Retailing, Fashion in the specialty market, Visual Merchandising, Fashion Advertising and Promotion, Fashion Forecasting, Psychology of Fashion, Product Development and Innovation, Fashion Economics. 
• Course Fees: The course fee for B.Sc Fashion Merchandising and Retail Management is between the range of INR 10k-1 LPA.
• Average Salary: The average starting salary is between INR 4 LPA.
• Employment Roles: Merchandise Planner, Wholesale Account Representative, Visual Merchandiser, Retail Buyer
• Top Institutes: Top colleges in India for B.Sc Fashion Merchandising and Retail Management are listed below: 
  • Apparel Training and Design Centre (ATDC), Gurgaon
  • Aditya College of Design Studies (ACDS), Mumbai
  • Graffiti Institute of Fashion Technology (GIFT ), Indore
  • Apeejay Institute of Design (AID), New Delhi
  • Amity University (AU), Noida

PG Diploma In Retail Management

Postgraduate diploma in retail management is a two-year-long program covering advanced retail management concepts, consumer behavior, sale, supply chain network, and electronic retailing.

Key Insights:

• Full-Form: Post Graduate Diploma in Retail Management.
• Objective: Learn basics about retail management, consumer behavior, sale, supply chain network, and electronic retailing. 
• Major Subjects: Basics of the retail environment, consumer behavior, retail marketing and selling skills, customer service concepts, retail operations.
• Course Fees: The course fee for PG Diploma retail management is between the range of INR 3-5 LPA.
• Average Salary: The average starting salary is between INR 9.8 LPA.
• Employment Roles: Sales manager, department manager, retail Industry coordinator, retail store manager, sales executive, brand manager, financial controller, career advancements
• Top Institutes: Top colleges in India for PG Diploma in Retail Management are listed below:
  • Jaipuria Institute Of Management (JIM), Lucknow
  • Indian Institute of Social Welfare and Business Management (IISWBM), Kolkata
  • Gandhian Institute of Technology and Management/School of International Business, (GITAM), Visakhapatnam
  • Amity University (AU), Noida.
  • Andhra University College of Arts and Commerce (AUCAC), Visakhapatnam
  • Singhania University (SU), Jhunjhunu
  • Welingkar Institute of Management (WIM), Mumbai
  • Abhinay Institute of Technology and Management (AITM), Mumbai

Retail Management Eligibility Criteria

The Retail Management course focuses on the subjects of retail management. This program prepares students for jobs in retail management. To enroll in retail management courses, you need to meet specific criteria. Below are some of the eligibility criteria for this course: 

• To qualify for admission, you must have a grade of 50% or higher in any of the streams on the 12th exam. 
• A university entrance examination is mandatory if you wish to apply for an MBA (Retail Management) at top institutions. MBA programs in retail management require taking MAT, CAT, and XAT exams. Students must score well on these exams to be admitted to college.

Facts and Figures about Retail Sector

• The retail sector in the nation of 1.2 billion people is estimated to have $450 billion annually.
• India holds 5th global destination in the retail space.
• With an expected turnover of well over 442 billion euros in 2019, Walmart is still by far the biggest retail company in the world.

Retail Management Syllabus

The syllabus is divided into basic and specializations. The course structure consists of 6-8 modules. The goal is to equip every student with the necessary knowledge. The syllabus for retail management, both classroom and distance learning/online course, comes under the following module.  

General Module:

• Supply Chain Management
• Inventory Management
• Merchandising Management
• Shop Floor Management
• Store Management
• Front Office Management
• Consumer Behavior
• Brand Management

Specializations:

• Competitive Analysis and Planning
• Merchandising
• Marketing
• Customer Relation
• Mall Management
• Operations
• Marketing Strategies
• Accounting
• Buying
• Pricing
• Personnel
• Business Mathematics
• Rural Marketing Management

Critical Skills Required To Pursue Retail Management

If you wonder what skills are required for Retail Management, don’t worry; we will solve your problem. In this field, first and foremost, you should have good communication skills as it is a competitive field. Below listed are some of the primary skills required in this field:

Good communication skills	Effective Time Management
Ability to empathize	Ability To Accept criticism
Customer Service Skills	Ability to sell
Leadership Skills	Analytical skill

Retail Management Career Scope

Retail management is a very people-oriented profession. If you like interacting with people and have an extroverted personality, then a career in retail management is the answer. Retail management deals with domains like human resource, advertising, customer service, sales management, logistics, finance, accounting, and store management. Few interesting jobs in retail management include being a retail sales consultant, operation director, assistant store manager, merchandising manager, district manager, etc. A retail manager's responsibilities include checking store operations, hiring employees, training and monitoring employees, and keeping up on their results. Below is the salary structure of Retail Management professionals.

Retail Management Salary Structure

Retail Management jobs have a good salary structure. You can earn a handsome amount after completing your Retail Management courses. Top companies will hire you and pay you well according to your designation. Below are some of the top Retail Management jobs and their salary structure:

Job Title	Average Salary
Retail Store Manager	INR 5.2 LPA
Operations Manager	INR 5.4 LPA
Category Manager	INR 17.1 LPA
Key Account Manager	INR 7.1 LPA
Management Consultant	INR 13 LPA
Business Development Executive	INR 3.9 LPA
Procurement Manager	INR 7.6 LPA

Top Colleges in India for Retail Management

There are various institutions in India at the college and university level that offers undergraduate and postgraduate programs in Retail Managment. Some of these top institutions are listed below:

• Amity University (AU), Noida
• Sun Rise University (SRU), Alwar
• University of Technology and Management (UTM), Shillong
• Indira Gandhi National Open University (IGNOU), Delhi
• Ness Wadia College of Commerce (NWCC), Pune
• Tamil Nadu Open University (TNOU), Chennai
• Gandhian Institute of Technology and Management/School of International Business, (GITAM), Visakhapatnam
• St. Xavier College (SXC), Ranchi
• Symbiosis University of Applied Sciences (SUAS), Indore 
• Lasam Academy (LA), Delhi 
• Lovely Professional University (LPU), Punjab 
• Bharathiar University (BU), Coimbatore

FAQ's

1. What's the future scope in Retail Management?

Expanding the retail industry in India has created a global demand for retail managers, thus opening ample opportunities for students t to hold a degree of the same.

2. What are the various job positions offered in Retail Management?

Multifarious opportunities in domains are offered that include marketing manager, store manager, retail sales consultant, operation manager, logistics manager, department manager, etc.

3. What's the fee structure for Retail Management courses?

Fees structure varies from college to college; to give an approximate, it will cost about 50,000 to a few lakhs.