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Online MBA in Retail Management
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Updated at : October 28, 2024DOWNLOAD E-BOOK
Online MBA In Retail Management
Online MBA in Retail Management is a postgraduate program that deals with several aspects related to retail management. This is a UGC-DEB-approved course of 2 years which covers subjects related to the management of sales and retail marketing. This course promises a bright career in the marketing and retail sector. Join this online MBA course specialization to outshine your career in this competitive industry.Watch Video
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Online MBA in Retail Management Program Overview
Online MBA in Retail Management is a postgraduate degree of 2 years with 4 semesters. This course has an industry-oriented curriculum in which students learn about subjects such as retail store management, sales management, consumer behavior, global retail, etc.
The study of Retail Management includes everything from bringing customers to the shop to giving them a delightful experience. With the increase in globalization, the old ways of retail marketing have changed and the online MBA in Retail Management prepares students for such changes by developing their skills like leadership, budgeting, accounting and finance, marketing, and customer focus.
With this MBA specialization, you can work in the retail sector as a Retail Store Manager, Branch Manager, Regional Manager, Service Manager, Institutional Sales Manager, etc. At these profiles, you can earn a salary range between INR 3.4 LPA to INR 6 LPA.
Why Online MBA in Retail Management?
This online MBA specialization equips you with the knowledge of the retail industry in a convenient way of learning. With its cutting-edge curriculum and wide career scope, this major is highly opted by candidates. Not only in India but also the overseas retail industry has a huge demand for Administrative and Retail Executives which can be met easily with an MBA in retail management. The theoretical and practical aspects of Store Operations, Customer Service Management, Merchandise, International Retailing, etc. will help you strengthen your core knowledge in the field.
To assist participants in learning how to solve problems and make wise judgments, real-world projects, case studies, and assignments are allotted to learners. Furthermore, this program completely matches the career aspirations of working professionals thanks to the flexibility of online learning and the importance of specializations in the industry.
Who Should Pursue an Online MBA in Retail Management?
This course is ideal for individuals who are currently employed in retail management, storekeeping, or admin department and wish to grow professionally. It is also appropriate for those who wish to expand their knowledge of the retail industry, as well as the strategic and managerial aspects right after their graduation.
This program is also designed for those who aspire to be legends of the retail industry. The online method allows people to effectively mix work and study, making it ideal for those with hectic schedules. As an experienced professional, you can advance your managerial abilities without spending time away from your employment.
When to do an Online MBA in Retail Management?
Getting an online MBA in retail management is a smart decision if you're at a career crossroads and want to advance your position in this industry. This is a fantastic choice if you want to advance into a more specialized role within the retail industry, become a leader, or improve your ability to make strategic decisions.
Whether you are a working adult who wants to fit education into your busy schedule or a mid-career professional eager to advance, this online program is a wise investment in your career progress. Furthermore, given there is no upper age limit for the program, you can study advanced courses in this major anytime you're ready.
Popular & Affordable Private Colleges Or Universities for Online MBA in Retail Management in India
|
Universities Offering Online MBA in Retail Management |
NIRF Ranking 2023 (Management) |
Full Fee Range (Might Vary) |
|
Amity University, Noida |
28 |
1.80 Lakhs INR |
|
Manipal University |
79 |
1.75 Lakhs INR |
|
G. L. A. University |
101-125 |
66,000 INR |
|
Shoolini University of Biotechnology and Management Sciences |
101-125 |
1.50-2 Lakhs INR |
Key Highlights of Online MBA in Retail Management In India
- The UGC-DEB has approved an online MBA course in Retail Management as being a valid and credible PG degree.
- A candidate must have graduated from a recognized university in any educational stream to apply to this course.
- No entrance exam is needed to be qualified to pursue an Online MBA in Retail Management.
- The course duration of this online program is 2 years and there are 4 semesters in the course.
- This course has an up-to-date industry-focused curriculum delivered via online classes, recorded lectures, and other digitally available academic resources.
- The course is ideal for freshers who wish to venture into retail marketing and management as well as working professionals to upskill themselves and gain knowledge about the latest developments in the field while comfortably continuing to work.
- The career-boosting services offered in this course make you navigate different career paths related to this industry.
- Get one-on-one mentorship with experts in the field for academic and career-related doubts.
- Earn a government-recognized MBA degree in retail management that holds equal weightage in the industry as that of a regular MBA program.
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Online MBA in Retail Management Course Subjects/Syllabus
The curriculum of this MBA major is designed after accounting for the industry's needs. Apart from the general management topics that you will study in semesters I and II, some specialization-specific topics are incorporated in semesters III and IV.
Here is a list of the specific topics that will be there in your retail management program:
|
Semester I |
Semester II |
|
Management Theory & Practice |
Business Communication |
|
Organizational Behaviour |
Essentials of HRM |
|
Marketing Management |
Business Law |
|
Business Economics |
Strategic Management |
|
Financial Accounting & Analysis |
Operations Management |
|
Information Systems for Managers |
Decision Science |
|
Semester III |
Semester IV |
|
Introduction to Retail |
Global Retailing |
|
Consumer Behaviour |
International Logistics and Supply Chain Management |
|
Merchandising Management |
Marketing Research |
|
Sales Management |
Business: Ethics, Governance & Risk |
|
Retail Store Operation and Inventory Management |
Research Methodology |
|
---- |
Project |
| Other Types of MBA Programs | |
Online MBA in Retail Management Eligibility & Duration
Here are some general eligibility criteria that you must fulfill before applying for this program at any university.
- A Bachelor's degree with 45% to 55% aggregate marks.
- Graduates from any stream can apply.
- Graduation must have been completed from a government-approved university or institution.
- There is no compulsion to have a prior work experience.
Online MBA in Retail Management Duration
The minimum duration of an online MBA in Retail Management is 2 years and the maximum duration is 4 years. So, in the online modes, students get an extra 2 years to pass all their examinations and complete the course. However, the semester system is followed in this format as well which makes it consist of 4 of them.
Skills Required for Online MBA in Retail Management
In general, there are no prerequisites for enrollment in an online MBA program in retail management from universities. Nonetheless, before completing the course, you can enhance your learning process and succeed professionally by gaining a few basic abilities.
- Brush up on the foundational aspects of the business and management industry. For this, you can refer to your graduation notes (if done in management discipline) or read some books.
- Strengthen your soft skills by making a habit of properly listening and communicating with others. This will build your problem-solving and decision-making skills. These skills can only be acquired by practice and have great importance among recruiters.
- Try and make clear communication with your colleagues, managers, and clients both in verbal and non-verbal terms. This will improve not only yours but the entire team’s efficiency.
- A sincere approach to work is always appreciated in every industry. This quality will make you more disciplined and determined for your work profile. This trait will bring 100% positive results in the long run.
- A basic understanding of storekeeping and purchase orders would be beneficial for keeping up with your day-to-day operations post-completion of the program.
Is an Entrance Exam Conducted For an Online MBA in Retail Management?
The best thing about this online MBA degree in retail management is that it doesn't need you to take any competitive entrance exams. However, there can be some exclusions that demand that you score highly on any of the tests below:
| Entrance Exam For Online MBA Retail Management Program | |
|
CAT (Common Admission Test) |
ATMA (AIMS Test for Management Admission) |
|
GMAT (Graduate Management Admission Test) |
PGCET (Postgraduate Common Entrance Test) |
|
MAT (Management Aptitude Test) |
TANCET (Tamil Nadu Common Entrance Test) |
|
SNAP (Symbiosis National Aptitude Test) |
KMAT (Karnataka Management Aptitude Test) |
|
XAT (Xavier Aptitude Test) |
NMAT (NMIMS Management Aptitude Test) |
|
CMAT (Common Management Admission Test) |
MAH CET (Maharashtra Common Entrance Test) |
Recommended Books
Here is a list of some recommended books in the management domain to help you prepare for the MBA entrance exam.
|
Name of the Book |
Author Name |
|
Quantitative Aptitude for Competitive Examinations |
Abhijit Guha |
|
Data Interpretation & Data Sufficiency |
Ananta Ashisha |
|
A New Approach to REASONING Verbal, Non-Verbal & Analytical |
BS Sijwalii & Indu Sijwali |
|
How to Prepare for Data Interpretation for CAT |
Arun Sharma |
|
How to Prepare for Verbal Ability and Reading Comprehension for CAT |
Arun Sharma and Meenakshi Upadhyay/ Arihant |
|
Logical Reasoning and Data Interpretation for the CAT |
Nishit K. Sinha |
|
Data Interpretation & Logical Reasoning |
Gautam Puri |
|
30 Days to a More Powerful Vocabulary Mass Market Paperback |
Wilfred Funk & Norman Lewis/ Simon & Schuster |
|
Quantitative Aptitude Quantum CAT |
Sarvesh K Verma |
|
How to Prepare for Verbal Ability and Reading Comprehension for the CAT |
Sharma and Upadhyay |
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Program Fees for Online MBA in Retail Management
Starting at ₹ 6,776/month
Program Fee: ₹63,000 - ₹2,00,000
Low Cost EMI Available
Recommended
The fee of the program varies as per the university. You can check the fees of different universities on College Vidya Compare, which helps you compare the academic fees of different universities offering this course online.
Online MBA in Retail Management Domestic Fee: The academic fee of an online MBA in Retail Management varies from Rs. 1,00,000 to Rs. 3,00,000 at private universities. The possibility of finding this specialization at government universities is quite low. Moreover, they are not expected to provide as quality services as the private institutions do.
Online MBA in Retail Management International Fee: There is an additional cost for overseas applicants to attend this course. The applicant's country of origin is taken into consideration while determining this package. For this MBA concentration, the typical international fee package ranges from $1000 to $5000.
Online MBA in Retail Management Admission Procedure
A general outline of the admission procedure for the online MBA in Retail Management is given here.
- To apply, visit the university's official website and complete the registration process.
- To register, create a new user account.
- After that, fill out the application form for the course with your personal details, academic details, and professional details.
- Then upload the scanned digital copies of the required documents.
- Check the application and send it in with the registration fee (if any).
- Finally, pay your academic fee online.
- After the verification process is completed, the institution will send you a confirmation email.
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Other Specializations for Online MBA in 2024
Education Loan/EMI Facilities for Online MBA in Retail Management
Candidates can now use financial aid through an education loan or an EMI program if they are unable to pay the full course fee at once for whatever reason. This plan will enable you to pay for your additional education. This feature is generally available to all candidates; however, additional documentation is needed. Therefore, to use it, you have to meet the standards that your university's loan partner has established.
Apply For No Cost EMI
Is Online MBA in Retail Management Worth it?
It is a wise decision to pursue an online MBA in retail management that will pay off in many ways. The curriculum for this specialist postgraduate degree is specially designed and covers the minute details of the retail industry in great detail. It equips employees with the knowledge and abilities to improve an organization's efficiency.
People can achieve a healthy balance between their employment and studies by continuing their education without interfering with their work thanks to online learning. This online MBA major has benefits outside of the classroom. Graduates are capable of leading people, making wise decisions, and possessing an in-depth understanding of real-world issues. Opportunities to network with specialists in the field and other professionals in the same field are provided by the program.
Additionally, obtaining an online MBA in retail management might increase your career growth and provide you with more career possibilities. It establishes someone's expertise and elevates them to the status of a key figures in the company's success. The knowledge and abilities you will gain from this program will be especially helpful if you work in retail. Consequently, investing in your career with an online MBA in retail management is significant and worthwhile.
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Job Opportunity after Online MBA in Retail Management
An online MBA in retail management comes with an exciting list of job opportunities for its learners. It makes you explore the retail operations in different industry sectors. With the key managerial skills learned in this course, you can get placed in your dream organization quite easily.
Online MBA (Retail Management) students can get job opportunities in different industries as:
| Job Roles After Online MBA (Retail Management) | |
|
Product Manager |
Marketing Executive |
|
Inventory Manager |
Sales Executive |
|
Retail/Store Manager |
Service Manager |
|
Merchandiser |
Market Researcher |
Top Recruiters for Online MBA in Retail Management
A varied number of organizations hire MBA in retail management graduates. These organizations belong to different industry sectors including Banking Institutes, Healthcare Industry, Educational Institutes, Retail Operations, and many more. Moreover, the pay scale offered after this PG program starts at 5 LPA and can touch a maximum figure of 20 LPA as per your skills and experience. A few companies have been named here to make you aware of your opportunities: Amazon, Pantaloons, Flipkart, Lifestyle Reliance Group, etc.
Our students work at
Amazon
Flipkart
H&M
Reliance
Zivame
Tata Sky
Decathlon
Nike
Let's clear up some doubts about Online MBA in Retail Management
Yes, UGC-DEB has approved an online MBA in Retail Management as being a completely valid and credible course when obtained from a well-accredited university. Not only this, an online or ODL MBA will be considered as being of equal value as a regular MBA.
Although it varies from one university to another, the full course fee ranges between INR 1,00,000 to INR 3,00,000. There are many financial support features available these days for affording higher education such as low-cost EMIs, educational loans, scholarships etc. that you can apply to.
An online MBA in Retail Management course has the same duration as a regular MBA course, i.e. 2 years. Students get a maximum period of 4 years to complete the course. This course has 4 semesters.
No, for an online MBA in Retail Management, most universities do not conduct any entrance examination and the admission procedure mainly includes screening of applications based directly on the eligibility criteria.
Some of the top universities of India that provide this course in online mode include Narsee Monjee Institute of Management Studies (NMIMS), Symbiosis International University, Manipal University, Amity University etc.
Future Lifestyle Fashions Ltd, Future Retail Ltd, Reliance Retail Ltd, and some big names in the Retail Sector.
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