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Retail Management

Introduction
Skill Required
Eligibility & Courses
Top Colleges
Entrance Exams
Work Description
Job Profiles
Top Recruiters
Pros & Cons
Explore career opportunities

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Introduction

Students learn several principles linked to retailing and retail operations in Retail Management. Buying, finance, merchandising, inventory control, marketing, people, and operations are all examples of these ideas.

Retail management includes the upkeep of retail shops as well as the distribution of goods from these outlets to clients.

It comprises procedures such as enticing clients to the store and then selling things to them based on their requirements and desires. This technique saves time while also providing a positive consequence in the form of client pleasure.

Retail management includes not only the management of retail outlets, but also the management of the brand image, maintaining customer relationships, sales management, keeping track of orders at the retail outlet, managing merchandise, interacting directly with customers, and stock/inventory supervision and ordering on a regular basis.

Skills Required

The pupils’ talents would be extremely beneficial in allowing them to obtain excellent employment. They must develop an ideal skill set so that they can adapt to every situation.

Some of the necessary abilities are listed below:

Eligibility and Courses

After 10th

After 12th

Graduation

Post Graduation

The candidate must have completed 10th standard from any recognized educational board.

The Candidate should then complete the HSC exam from a recognized board.

Most Retail Managers have a Bachelor of Commerce (B.Com.) in Retail Management, Bachelor of Business Administration (BBA) in Retail Management or Bachelor of Science (B.Sc.) in Fashion and Apparel Design.

After the Candidate Completes their Graduation, they can go for a master’s degree that will help them broaden their career.

The candidate should try to gain at least a minimum of 50-60% marks to be eligible to enter the Commerce stream. 

A retail Manager career appears in the commerce stream however it is not a hard and fast rule.

 
  • Master of Business Administration (MBA) in Retail Management
  • Master of Retail Management (MRM) 

These are some of the popular master’s degrees.

Top Colleges

Entrance Exams

Most institutes have made it a prerequisite for candidates to take and pass specific entrance tests in order to be admitted to a retail management programme. Some institutes may conduct interviews with students prior to their ultimate acceptance.

The retail management entrance exam will comprise questions ranging from the very basic to the extremely general on areas such as general awareness, English communication, logical reasoning and critical thinking, and mathematical aptitude.

CMAT (Common Management Admission Test)

The CMAT  is a three-hour online national level exam. The exam will be given in English. There are 100 questions in this paper that include quantitative procedures and data interpretation, logical reasoning, linguistic understanding, and general awareness. 

SNAP (Symbiosis National Aptitude Test)

SNAP- This is an online national level exam that lasts one hour and gives candidates three chances to take it. The examination lasts one hour. More information regarding SNAP can be found here.

CAT (Common Admission Test)

It is a two-hour long online national level exam. The test consists of 100 questions covering verbal ability, reading comprehension, data interpretation, logical reasoning, and quantitative abilities.

XAT (The Xavier Aptitude Exam)

It is a three-hour long online national level exam. The test consists of 100 questions that test verbal and logical ability, numerical ability and data interpretation, as well as general knowledge and decision-making. The paper is written in the English language. 

MAT (Management Aptitude Test)

The exam is proctored remotely and is offered both online and offline. The exam is held four times a year at a national level. 

Work Description

Job Profiles

The following are some of the most popular retail management job titles:

Top Recruiters

There are a variety of career categories and recruiters who hire these grads. The following are some of the top retail management recruiters:

  • Malls
  • Movie Theatres
  • Supermarkets
  • Westside
  • Pantaloons
  • Crossword
  • Globus
  • Piramals
  • Reliance
  • Big bazaar
  • Metro
  • Regal
  • Bata
  • Ebony Retail Holdings

Pros and Cons

Pros

Cons

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