Retail Management is that branch of Management which deals with the study of techniques, ways and stages, in which goods and commodities are provided to the consumers. From manufacturers, to the agencies involved in selling, to the customers, every aspect of a market is introduced in this area of studies. The agencies could be of various forms, a mall complex, a departmental store or a small store. How selling and customers are tackled there and how goods are managed, are the things Retail Management teach.
The courses for Retail Management can be undertaken by a student after completion of his Senior Secondary, which basically includes various diploma programmes, whereas for MBA and Post Graduate Diploma, a candidate needs to be a graduate in any stream. Common entrance exams for MBA, are CAT, MAT, XAT, which conduct a written test followed by group discussion and a personal interview.
Some of the colleges and universities in India that provide courses in Retail Management are:
- ACCMAN Institute of Management, Noida
- Madras Institute of Retail Management, Chennai
- Asia Pacific Institute of Management Studies, New Delhi
- Indian Institute of Retail Training, New Delhi
- National Institute of Retail Management , Bangalore
- Welingkar Institute of Management Development and Research
- Birla Institute of Management Technology, New Delhi
- Narsee Monjee Institute of Management Studies, Mumbai
- SP Jain Institute of Management and Research, Mumbai
- Symbiosis Institute.
For the entrance examinations a student should work on his analytical and reasoning skills, elementary Mathematics and Business. You should also practice previous years' question papers, and work on your English , written or verbal. You should also be aware of current market trends and general knowledge in the business world.
The future prospects of this area opens door to varies sectors, like supply chain sectors, warehouses, export firms, departmental stores. Banking and insurance sectors also provide job opportunities in this area, with their new products coming in the market. Various brand names in clothing, shoes, interiors, furniture and so on, have their outlets in market and hence provide jobs like, retail managers, store managers, merchandising assistant and customer service manager.
|Name/Address||Activity||Phone / Fax||E-Mail / Website|
|IILM Institute, Institute for Integrated Learning in Management
IILM Graduate School of Management
16, Knowledge Park – II
Greater Noida – 201 306
|PGDM||Phone no :+91-120-6670618||Email ID :firstname.lastname@example.org