India, nicknamed as the consumer country, offers a lot of career opportunity for Retail Managers. Over the past several years, the retail sector in the country has witnessed explosive growth thanks to the increase in the spending capacity of an average Indian. The economic boom happening in the country has been largely responsible for the mushrooming of shopping malls and one-stop retail stores across the country.

A degree in Retail Management enables a candidate to enter the Retails sector and flourish from the infinite opportunities available at various levels of retail activities. Retail Managers have different roles to perform in the retail chain that includes
distribution of the products from the manufacturer to the consumer through different channels. They are responsible for the shipment of the merchandise, communication, sales, as well as administration of the retails store.

In addition to mastering the general managerial skills, a Retail Manager must also acquire the skills of public relation, customer relationship management, business ethics, business communication, organizational behavior, and quantitative skills in retailing. A Master’s Degree in Retail Management prepares students to deal with every aspect of Retails.

Retail Management encompasses a comprehensive list of courses, some of which are listed below. A candidate aspiring for a Retail Management degree may specialize in any one of these disciplines and fulfill his/her dream as a Retail Manager in a reputed firm. Following are the different components of Retail Management:

• Supply Chain Management

• Finance Management

• Inventory Management

• Accounting in Retail

• Electronic Retails Merchandise Management

• Marketing and Business Communication

• Customer Relationship Management

• Retail Brand Management

Eligibility to a Master’s Degree in Retail Management will be based on a number of criteria, including the academics, score in the entrance test (CAT or equivalent) and Group Discussion/Personal Interview (optional). Graduate in any discipline is eligible for a Master’s Degree in Retail Management.

A degree in Retail Management opens up lucrative career opportunities in multiplexes and shopping malls. Most prospective industries for Retail Managers include garments, consumer electronics, processed foods and publications.

Industry estimates say that Indian retail industry will be worth US$ 175- 200 billion by the year 2016. Leading companies like RPG Group, Pantaloons, Westside, Reliance India, Titan, Raymonds, Food World, and Caffe Coffee Day, are among the few that offer lucrative career opportunities for Retail Managers. The salary of an experienced Retail Manager may range from Rs.50,000 to Rs.1.5 lakhs per month.