MBA in Retail Management: Course Details, Eligibility, Fees, Admission, Duration
MBA in Retail Management is a two-year postgraduate course that focus on understanding retail principles and practices used in businesses such as assortment planning, merchandising, branding, inventory management, etc. The course includes important subjects like business management, accounting, finance, retail planning, retail sales techniques, sales promotions, logistics, corporate communication, etc.
MBA in Retail Management Admission 2023 is conducted only for candidates who have cleared their bachelor's degree with a minimum of 50% marks or unreserved and 45% for SC/ST/PwD category from an accredited university. Apart from the merit score, the candidate also needs to qualify for the entrance exams such as CAT, MAT, CMAT, etc. The average MBA in Retail Management course fees is in the range of INR 70,000 -7 LPA.
Table of Contents
- What is MBA in Retail Management Course?
- MBA in Retail Management Eligibility Criteria
- Why Choose an MBA in Retail Management Course?
- MBA Retail Management Admission 2023
- MBA in Retail Management Entrance Exams
- Top 10 MBA in Retail Management Colleges in India with Fees Details
- Types of MBA in Retail Management Courses
- MBA Retail Management Syllabus and Subjects
- MBA Retail Management vs M.Sc Fashion Merchandising and Retailing
- Courses After MBA in Retail Management
- Salary of an MBA in Retail Management Graduate in India
- Career Options After Master of Business Administration in Retail Management Course
- Top Recruiters for MBA in Retail Management Course
- Skills to Excel as an MBA in Retail Management Graduate
MBA in Retail Management Course Details
| Degree | Masters |
| Full Form | Master of Business Administration in Retail Management |
| Duration | 2 Years |
| Age | There is no upper age limit to enroll in the course. |
| Entrance Exam | CAT, XAT, MAT, etc. |
| Minimum Percentage | A minimum of 50% aggregate in under-graduation for unreserved category students and 45% for reserved category students. |
| Average Fees | ₹3 - 24 LPA |
| Average Salary | INR 7.35 LPA (Source : Payscale) |
| Employment Roles | Sales Manager, Retail Manager, Brand Manager, Logistics Manager, etc. |
| Top Recruiters | Reliance Retail, Aditya Birla Retail, Pantaloons, Shoppers Stop, etc. |
What is MBA in Retail Management Course?
The MBA in Retail Management falls under the umbrella of MBA courses, it aims to promote discussion and the dissemination of knowledge about the operational, financial, and marketing aspects of the retail sector. The course is provided by top colleges like BIMTECH, Welingkar Institute, Parul University, etc.
After completion of the MBA in Retail Management course, graduates can work in luxury fashion, FMCG, supply chain and logistics, online retail, telecommunication, etc. The average salary of an MBA in Retail Management graduate is INR 7.35 LPA (Source: Payscale)
MBA in Retail Management Eligibility Criteria
The admission procedure for MBA Retail Management requires candidates to fulfill a certain set of basic eligibility criteria including merit marks, entrance exam score, work experience if required by the colleges, etc. Below listed is the common MBA Retail Management eligibility criteria:
- Candidates should have completed a bachelor’s degree with a minimum of 50% marks (Relaxation of 5% marks given to SC/ST/OBC candidates).
- The candidate needs to qualify for entrance exams such as CAT, MAT, CMAT, etc.
- The required cut-off at Welingkar College for MBA (PGDM) in Retail Management for CMAT ranges between 75-85 percentile and for CAT around 80-85 percentile.
- There is no upper age limit to enroll in the course.
Why Choose an MBA in Retail Management Course?
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. Below mentioned are some detailed reasons for why one should choose an MBA Retail Management course:
- The Indian retail industry is projected to grow at a CAGR of 14.22% by the year 2027, leading to a higher demand for retail skilled professionals.
- Retail Management graduates are also employed in the E-commerce sector which is expected to grow at a rate of 18% by the year 2025.
- The employment of retail managers is projected to grow 5% between 2021-31 globally. (As per BLS report)
- The graduates can work in different industries ranging from IT, E-commerce, Banking, and Financial services to education.
Also, Check: Top Reasons to Pursue an MBA
MBA Retail Management Admission 2023
The MBA Retail Management admission is done on the basis of merit score and entrance exam cut-off. For enrolling in the course students need to follow certain standard procedures as mentioned below:
- Step 1: The candidate needs to clear the entrance exam score for respective colleges.
- Step 2: The candidate is required to fill out the college application form available either online or offline.
- Step 3: Colleges further conduct the WAT, GD or PI process for the selection of shortlisted candidates.
- Step 4: Once the final merit is published, the candidate is required to submit the relevant documents and submit the course fees.
Read More on MBA Admission Process
MBA in Retail Management Entrance Exams
MBA in Retail Management admission is done on the basis of cut-off scores declared by colleges for competitive entrance exams. The college accepts scores of exams conducted at a national level, and state level such as MH-CET by SNDT Women’s University, or conducts its own entrance exam. Below mentioned are details regarding the MBA Retail Management entrance exams:
|
MBA Retail Management Entrance Exams |
Registration Date |
Accepting Colleges |
Registration Details |
|
Aug 17 - Sep 14, 2023 |
BIMTECH, Amity University, etc. |
||
|
Aug 2- Sep 13, 2023 |
Amity University, BIMTECH, Welingkar, etc. |
||
|
Aug 10- Dec 11, 2023 |
Welingkar, BIMTECH, Jaipuria Institute of Management, etc. |
||
|
March 2024 |
SNDT Women’s University, Welingkar College, etc. |
Top 10 MBA in Retail Management Colleges in India with Fees Details
The MBA Retail Management courses in India are available in both private and government universities. The average MBA in Retail Management fees is around INR 70,000 - 7 LPA. Below listed are the top colleges offering MBA Retail Management course and their average fees:
|
S.No |
Colleges |
Average Fees |
|
1 |
INR 7 LPA |
|
|
2 |
INR 1 LPA |
|
|
3 |
INR 2.68 LPA |
|
|
4 |
INR 3-4 LPA |
|
|
5 |
INR 74,000 PA |
|
|
6 |
- |
|
|
7 |
INR 1.50 LPA |
|
|
8 |
- |
|
|
9 |
INR 2.25 LPA |
|
|
10 |
Monark University |
INR 59,000 PA |
Types of MBA in Retail Management Courses
The MBA in Retail Management course can be pursued in full-time, distance, and online mode. Few colleges also offer integrated MBA Retail Management courses that students can start after their high school degree. Below listed are details regarding types of MBA Retail Management courses:
|
Types |
MBA Retail Management Eligibility |
Duration |
|
Full-Time MBA in Retail Management |
Bachelor's degree with a minimum of 50% aggregate for unreserved category students and 45% for reserved category students + Entrance Examination |
2 Years |
|
Online MBA in Retail Management |
Bachelor's degree with 50-55% with a minimum of aggregate for unreserved category students and 45% for reserved category |
2 Years |
|
Distance MBA Retail Management |
Bachelor’s degree with a minimum of 50% marks for unreserved category students and 45% for reserved category. |
2-5 Years |
Online MBA in Retail Management Course
The online MBA Retail Management course in India is highly popular as students get various learning and placement opportunities in the course and is cost-effective as compared to a full-time course. Below listed are details regarding the online MBA Retail Management course:
- The online MBA Retail Management course can be pursued from top colleges like Manipal University, NMIMS Global, DY Patil Online University, etc.
- The average course fee is between INR 1-3 LPA.
- The classes are conducted through live interactive platforms throughout the course duration of 2 years,
Distance MBA in Retail Management Course
The distance MBA in Retail Management is UGC-recognized and offers graduates equal job opportunities in the market. Below listed are details regarding the distance MBA in Retail Management course:
- The distance MBA Retail Management from colleges like IGNOU, IMTS Institute, SCDL, etc.
- The admission to IGNOU for the MBA Retail Management is done through the OPENMAT entrance exam.
- The average course fees is in the range of INR 60,000-1.50 LPA.
Browse Top MBA in Retail Management Colleges in Popular Cities
MBA Retail Management Syllabus and Subjects
MBA Retail Management syllabus in first year focuses on making students understand the retail industry outlook and basic retail operations such as types of stores, assortment planning, etc. The second-year syllabus focuses on retail advance concepts like international business operations, visual merchandising, retail strategic management, etc.
Below are listed some of the MBA in Retail Management subjects in detail:
|
MBA in Retail Management Subjects |
Topics Covered |
|
Retail Operations Management |
Store layout and design, vendor management, category management, demand forecasting, etc. |
|
Marketing Management |
Market research and analysis, marketing mix, advertising and promotion, product development, etc. |
|
Consumer Behaviour |
Motivation and needs, perception theories, consumer buying behavior, types of influences on consumer behavior, etc. |
|
Retail Analytics |
Sales analysis, store performance analysis, inventory turnover and stockout analysis, etc. |
Read More: MBA in Retail Management Syllabus and Subjects
MBA Retail Management vs M.Sc Fashion Merchandising and Retailing
MBA in Retail Management focuses on retail operations, strategy, and management skills applicable across various industries. M.Sc.Fashion Merchandising and Retailing specifically targets the fashion sector, emphasizing product merchandising and fashion retailing strategies.
Below is a comparison between the MBA in Retail Management and M.Sc in Fashion Merchandising and Retailing:
|
Course |
MBA Retail Management |
M.Sc Fashion Merchandising and Retailing |
|
Full Form |
Master of Business Administration in Retail Management |
Master of Science in Fashion Merchandising and Retailing |
|
Course Overview |
The course curriculum focuses on retail fundamentals including retail strategies, retail merchanding to retail analytics, store operations, etc. |
The course curriculum focuses on fashion merchandising, fashion consumer preferences to sourcing, and production in fashion industry. |
|
Stream |
Management |
Science |
|
Duration |
2 Years |
2 Years |
|
Eligibility |
BBA or Bachelor’s in relevant fields with 50% total aggregate. |
Bachelor’s in relevant fields with 50% total aggregate. |
|
Entrance Exams |
CAT, XAT, MAT, GMAT |
Merit-based |
|
Top Colleges |
BIMTECH, Amity University, LPU |
NIFT, Sharda University, Amity University |
|
Fees |
INR 70,000-7 LPA |
INR 5 - 14 LPA |
|
Average Salary |
INR 7.35 LPA |
INR 4-15 LPA |
|
Job Roles |
E-Commerce Manager, Retail Store Manager, Category Manager, etc. |
Fashion Marketing Manager, Market Research Analyst, etc. |
Courses After MBA in Retail Management
After completion of the MBA Retail Management course, graduates can pursue various advanced certification courses and higher management courses in their domain to enhance their skills and knowledge. Below listed are a few courses that can be pursued after completion of the MBA in Retail Management course:
- Ph.D.
- Certified Professional in E-Commerce course
- Executive MBA in Retail Management
- Certified Visual Merchandiser course
- Advanced Certification course in Luxury Brand Management
Salary of an MBA in Retail Management Graduate in India
The MBA Retail Management graduate salary at an entry-level range between INR 5-9 LPA (Source: Payscale). After gaining certain years of experience professionals can earn in a range of INR 12-30 LPA (Source: Payscale). Below listed are the top job roles for MBA Retail Management graduates along with their average salaries:
|
Job Role |
Average Salary |
|
Category Executive |
INR 7 LPA |
|
Retail Analyst |
INR 8.63 LPA |
|
Business Development Manager |
INR 10.07 LPA |
|
Retail Consultant |
INR 10.11 LPA |
Read More: MBA in Retail Management Salary
Career Options After Master of Business Administration in Retail Management Course
MBA Retail Management graduates have vast career options from working in a retail store and e-commerce to banking and financial services. Below listed are a few job roles for MBA Retail Management graduates along with their average salary and top hiring companies:
|
Job Designations |
Job Descriptions |
Hiring Companies |
Average Salary |
|
Store Manager |
They manage inventories, manage sales, and keep up visual merchandising. Important components include budgeting, training, and problem-solving. |
Reliance Retail, Lenskart, Titan Company, etc. |
INR 9.36 LPA |
|
Merchandiser |
They do market research, work with suppliers and make sure that goods adhere to brand requirements. |
Fab India, Impulse, FirstCry, etc. |
INR 7.44 LPA |
|
Visual Merchandising Manager |
They collaborate with teams to align visuals with brand identity, analyze customer behavior, and adapt strategies accordingly. |
H&M, Lifestyle, Pantaloons, etc. |
INR 7.58 LPA |
|
Retail Marketing Manager |
They monitor digital and social media initiatives, create advertising, manage promotional campaigns, and analyze market trends. |
Kalyan Jewelers, Amazon, Bharti Airtel, etc. |
INR 11 LPA |
Top Recruiters for MBA in Retail Management Course
MBA in Retail Management graduates get the opportunity to work in industries like the fashion and apparel industry, FMCG, automotive retail, consumer electronics, etc. Below listed are top MBA Retail Management graduates along with their average salaries:
|
Top Recruiter |
Average Salary |
|
Cars24.com |
INR 5.05 LPA |
|
Reliance Retail |
INR 6 LPA |
|
ABFRL |
INR 7.50 LPA |
|
D-Mart |
INR 6.60 LPA |
|
Croma |
INR 9.17 LPA |
[Source: Glassdoor]
Skills to Excel as an MBA in Retail Management Graduate
Retail Managers need various leadership skills to carry out a management strategy so that their stores can improve sales. Below listed are a few skills required by an MBA Retail Management graduate:
- Customer-Centric Mindset: The graduate needs the ability to foresee customer preferences, improve the shopping experience, and establish trusting relationships with clients.
- Learning Agility: The graduate needs to keep acquiring new knowledge and adjusting to changes in the retail environment as the sector develops.
- Change Management Skills: The graduate needs to effectively manage and communicate organizational changes related to new technologies, new business processes, or changes in company strategy.
- Technology Proficiency: The graduate needs to be well-versed with CRM tools, point of sale system, inventory management software, etc.
Top MBA in Retail Management Colleges
Top Management Entrance Exams
Exam Date: May 19, 2024
MBA in Retail Management Fee Structure
FAQs on MBA in Retail Management
Q: What is an MBA in Retail Management?
A: 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.
Q: What is the MBA Retail Management syllabus?
A: The MBA in Retail Management syllabus includes topics like visual merchandising, retail store operations, strategic management, etc.
Q: What are some of the famous colleges for an MBA in Retail Management in India?
A: Some of the colleges that offer MBA Retail Management are BIMTECH, Amity University, Monark University, etc.
Q: Which entrance exams are accepted for MBA in Retail Management course?
A: CAT, XAT, CMAT, MAT, etc., are the entrance exams accepted for the MBA Retail Management course.
Q: What is the career scope of an MBA in Retail Management?
A: The MBA Retail Management graduate can work as Product Manager. Marketing Executive. Sales Manager. Merchandiser, Sales Executive, etc.
Q: What is the average salary of an MBA Retail Management graduate?
A: The average salary of an MBA in Retail Management graduate is INR 7.35 LPA ( Source: Payscale).
