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Career in Retail Management
Naief Khatri
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Retail management revolves around merchandising and sales. It’s service-oriented and with some elements of entrepreneurship. Those who complete a professional course in retail management one can go for:
- Store management
- Buying
- Merchandising
- Central management
- E-tailing (online retail which bridges the technology, marketing and retail sectors).
The industry is becoming very popular in India, and requires trained manpower in great numbers to run super stores, wholesale, cash and carry facilities, and hypermarkets.
Diploma, Bachelor, Master, and Doctoral programs in Marketing and Sales are offered by many management institutes in India and abroad. A simple Bachelor’s degree can open up opportunities in:
- Retail and wholesale sales
- Marketing management
- Product planning
- Market research
- Small business management
- Product display, promotion, and distribution
Retail Management Eligibility Criteria
Graduates from any stream may apply for retail management postgraduate diplomas or degrees. There is usually a written test, personal interview and group discussion that must be cleared.
Retail Management Job Prospects
Big names such as Big Bazaar, J.C. Penny, Tesco, Shopper’s Stop, Reliance, Subhiksha, I.T.C, as well as MNCs such as Wal-Mart are making their presence felt – they are creating a plethora of job openings in posts such as:
- Retail Manager Floor manager
- Inventory manager
- Shopping operational manager for replacement of stock
- Customer service
Retail Management Salary
The pay is excellent for Retail Management jobs; a fresher can expect to start with Rs. 10, 000 a month. The figure only increases depending on experience and the company. Larger companies offer more lucrative packages, even to fresh graduates.
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