MBA in Retail Management: Course Details, Eligibility, Fees, Admission, Duration

Sakshi Chaudhary

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.

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:

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:

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:

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:

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:

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:

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:

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:

[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

Panjab University

Chandigarh,Punjab

Andhra University

Visakhapatnam,Andhra Pradesh

Alagappa University

Karaikudi,Tamil Nadu

Banasthali Vidyapith

Jaipur,Rajasthan

Kalasalingam University

Krishnakoil,Tamil Nadu

Madurai Kamaraj University (MKU)

Madurai,Tamil Nadu

Ramaiah Institute of Technology

Bangalore,Karnataka

Chitkara University

Patiala,Punjab

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Top Management Entrance Exams

CAT

• Eligibility Criteria
• Syllabus

MAT

Exam Date: May 19, 2024

• Eligibility Criteria
• Syllabus

NMAT

• Eligibility Criteria
• Syllabus

GMAT

• Eligibility Criteria
• Syllabus

JEMAT

• Eligibility Criteria
• Syllabus

CMAT

• Eligibility Criteria
• Syllabus

IBSAT

• Eligibility Criteria
• Syllabus

IMUCET

• Eligibility Criteria
• Syllabus

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MBA in Retail Management Fee Structure

See Various MBA in Retail Management Colleges in India