The retail sector provides unmatched career option for beginners and also experience professionals. Retail sector in India has already grabbed international and national attention. Corporate giants like Reliance, Aditya Birla etc. have entered into the retail sector. Global giants like Wal-Mart are planning to enter into the Indian market.

An interesting trend is that many of the corporate giants are entering into the retail sector with their own products and stores. This provides excellent opportunities of those with MBA in Retail Management. Even though retail stores makes life easy for common man, it requires strategic and management skills which are complex in nature. In order to meet the requirements in the retail sector management institutions have come up with specialized courses that equip the candidates with necessary skills.

The trend

India is ranked among the top ten emerging retail markets around the world. There are almost 4.4 million retails stores spread across India as of now. This shows that the opportunities in the retail sector are unlimited.

In order to be in direct touch with the customers manufacturing companies have started to recruit retail managers. In addition to manufacturing companies banking and finance industry also requires retail managers to serve their customers.

Remuneration

Fresher’s can start with a salary between Rs15,000- Rs20,000 per month. For experienced professionals remuneration increases with experience. It may cross six digits in case of deserving candidates

Syllabus

The syllabus covers topics such as supply chain, management, finance management, sales promotion, accounting, retail brand management, and quantitative methods

Colleges offering Retail Management

• Welingkar Institute of Management
• Mumbai K J Somaiya Institute of Management Studies & Research, Mumbai
• Mudra Institute of Communications
• Indian Retail School Pearl Academy of Fashion
• RPG Institute of Retail Management
• SP Jain Institute of Management and Research
• Birla Institute of Management Technology
• Institute of Jewellery
• Institute of Technology and Management
• Indian Institute of Retail
• Symbiosis Centre for Distance Learning (SCDL)
• Institute of Management Studies
• The Retail Academy

Placement opportunities in India

• Reliance Fresh
• Reliance lifestyle
• Barista
• Pantaloons
• café coffee Day
• Planet Fashion
• Raymonds
• Allen Solly
• Van Huesen
• RPG group
• More
• Pizza Hut
• Dominos
• McDonalds
• United Colors of Benetton

These are some of the options available. There are also options to work with companies Nike, Levis, Adidas, Reebok, Sony etc.