With the outburst of the retail sector the demand for retail management professionals has shot to the sky in India. For this reason the educational institutes in India are now offering courses in Retail Management. The course revolves around shopping mall and department store retailing.
The retail sector desperately requires a trained workforce that can effectively process merchandise shipments, communicate with clients to get their loyalty, making sure the store makes sales and runs into profit and administer the general affairs of the retail outlet.
Those who decide to take up the specially designed courses on retail management should have no trouble breaking into the market in the industry. As it is shopping malls are spurting up faster than trees in India and the trend of departmental stores is also gaining immense popularity. As a result there are tons of employment opportunities in India.
Statistics show that more than 200 shopping malls are being opened in India. The growth rate of the retail sector is estimated to be 30 to 40 percent in the coming year. Hence the retail management courses serve as a stepping stool for those individuals looking to make a career in the field.
Applying for retail management courses in India
You can go straight at the retail management courses as soon as you complete your higher secondary education in India. There are a number of retail management institutes in India that provide an excellent base for students looking to make a career in this field. Some of the top schools for retail management courses are:
Indian Retail School
Welingkar Institute of Management in Mumbai
National Institute of Fashion Technology (NIFT
K J Somaiya Institute of Management Studies & Research in Mumbai
The Retail Academy in Ahmadabad
Mudra Institute of Communications
Institute of Management Studies in Mumbai
Pearl Academy of Fashion
Symbiosis Centre for Distance Learning (SCDL)
RPG Institute of Retail Management
Indian Institute of Retail in New Delhi
Institute of Technology and Management
Welingkar Institute of Management in Mumbai
National Institute of Fashion Technology (NIFT
K J Somaiya Institute of Management Studies & Research in Mumbai
The Retail Academy in Ahmadabad
Mudra Institute of Communications
Institute of Management Studies in Mumbai
Pearl Academy of Fashion
Symbiosis Centre for Distance Learning (SCDL)
RPG Institute of Retail Management
Indian Institute of Retail in New Delhi
Institute of Technology and Management
The curriculum and training
The curriculum of the retail management courses is based around the different aspects of fundamental importance in the field. They are:
1. Supply chain management
2. Marketing and business communication
3. Finance management
4. Electronic retailing merchandise management
5. Accounting in retail
6. Marketing information
7. Sales promotion with public relation
8. Business ethics
9. Customer relationship
10. Inventory management
11. Psychology of retail shoppers
12. Business communication
13. Retail brand management
14. Management and organizational behavior
15. Quantitative methods in retailing
2. Marketing and business communication
3. Finance management
4. Electronic retailing merchandise management
5. Accounting in retail
6. Marketing information
7. Sales promotion with public relation
8. Business ethics
9. Customer relationship
10. Inventory management
11. Psychology of retail shoppers
12. Business communication
13. Retail brand management
14. Management and organizational behavior
15. Quantitative methods in retailing
There are a number of industries that require retail management professionals. The books and publishing industry, processed foods industry, shopping malls, multiplexes and the garment Industry are some examples.
Career scope in India and abroad
There are a huge number of Indian companies that have opened their retail chains all across the country. This has created immense employment opportunities for retail management professionals.
With a number of multinational companies like Pizza Hut, McDonald’s, Adidas and Levis trained retailed management professionals can apply in foreign companies that may well increase their chances of getting a job outside of India. Retail management seems to be a career choice where getting a job does not seem like a problem at all.
