Online MBA Courses in Retail Management

An online MBA in Retail Management is a two-year program focusing on developing skills required for the retail and logistics industry. This course includes case studies, internships, live projects, and industry visits to build practical skills. The advent of online MBA programs addresses the needs of both graduates and working professionals.

The MBA in Retail Management course is four semesters long. The curriculum provides knowledge of managerial skills needed to optimize the retail process. This program also focuses on developing essential communication, management, and leadership skills.

Students have two major options for pursuing an MBA in Retail Management course: full-time/regular, part-time, and online programs.

• Regular or On-Campus: This mode primarily targets students who can dedicate all their time to academic development. This program provides in-depth coursework, case studies, live projects, and internships to introduce students to the industry.

• Online: The online MBA in Retail Management offers remote study. Students can have access to the coursework and study material from anywhere. This program is helpful for students with personal or professional commitments and for individuals with geographical restrictions.

The benefits of pursuing an online MBA in Retail Management are:

Flexibility: The online program provides flexible learning methods. It benefits students and working professionals who cannot attend conventional classes due to employment or other duties. This curriculum helps students in maintaining balance in their work, responsibilities, life, and study.

Higher Education: This program opens doors to PhD degrees and academic courses like Digital Marketing, Supply Chain Management, Data Analytics and Business Intelligence, and Customer Relationship Management (CRM).

Affordability: An online MBA in Retail Management is less expensive than the standard program. Due to its inexpensive course fee, it is accessible to all students and working people. Individuals can save significant money by avoiding paying for commutation, housing, and other college-related expenses.

Expertise: Students who complete an online MBA in Retail Management are equipped with in-depth knowledge and practical skills in retail, supply chain, and logistics. It helps them explore career options and job roles in private and public sectors. 

Career Opportunities: MBA degree courses are widely popular worldwide. After graduation, students can work in India and abroad as Retail Executives, Advertising Managers, Administrative Officers, Regional Managers, and Sales Managers, among other positions.

The MBA in Retail Management course curriculum comprises of global retail, sales, and retail store management. During their final year, students gain practical experience by interning in various retail facilities and showrooms.

First-Year MBA in Retail Management Syllabus

The first year of the MBA in Retail Management course covers business management and administration principles.

Semester 1 Subjects

• Overview of Retailing
• Retail Marketing
• Buying Merchandising
• Store Operations I
• IT Application in Retail

Semester 2 Subjects

• Retail Management Perspective
• Customer Service Management
• Human Resources
• Principles of Marketing Economics
• Business Communication

Second-Year MBA in Retail Management Syllabus

Students can find the semester MBA in Retail Management course subjects listed in the sections below.

Semester 3 Subjects

• Retail Sales Techniques and Promotion
• Direct and Network Marketing
• Strategic Management
• Advertising Communications and Promotion

Semester 4 Subjects

• International Retailing
• Retail Operations Management
• HRM in Retailing
• Corporate Strategic Planning

Indian and International students must meet some eligibility requirements for an online MBA in Retail Management degree. However, students do not need an entrance examination to pursue an online course.

MBA Eligibility Criteria for Indian Students

For Indian students, the eligibility requirements are as follows:

• A bachelor’s degree with 45% to 55% aggregate marks from a recognized university
• The minimum aggregate necessary for students from the reserved group is 45%

MBA Eligibility Criteria for Foreign Students

The eligibility criteria for international students are as follows:

• A bachelor’s degree with 45% to 55% aggregate
• Bachelor's degree from a recognized university.
• English proficiency

The average fee for this program ranges from INR 50,000 to 4,00,000. However, the online MBA in Retail Management program costs INR 1,70,000 for Indian students and INR 3,50,000 for international students.

Students can follow the steps below to apply for an online MBA in Retail Management. They don't have to take an entrance test for this program mode.

• Step 1: Visit the college website and complete the registration process
• Step 2: Log in with the credentials received over email after registration
• Step 3: Fill out the application form 
• Step 4: Upload the required documents
• Step 5: Pay the enrollment fee
• Step 6: The student must wait for the confirmation mail for acceptance.

Students don’t have to take any entrance exam to pursue an online MBA in Retail Management program. However, some colleges or universities might require entrance exam scores. Here is a list of entrance exams for this program:

• CAT - Common Admission Test
• GMAT - Graduate Management Admission Test
• MAT - Management Aptitude Test
• ATMA - AIMS Test for Management Admissions
• SNAP - Symbiosis National Aptitude Test
• XAT - Xavier Aptitude Test
• CMAT - Common Management Admission Test

Here is a list of jobs students can apply for after completing a degree in online MBA in Retail Management program:

• Marketing Manager
• Senior Operations Manager
• Store Manager
• Brand Manager
• Inventory Manager
• Merchandiser
• Sales Executive
• Service Manager
• Marketing Executive
• Market Researcher

Here is a list of top recruiters for this program:

• Amazon
• Croma
• ITC Hotels
• Philips India
• Reliance Jio
• Taj Group of Hotels
• Blue Star
• Canon
• eBay
• Grofers
• Havells Limited
• HCL
• Nestle
• Panasonic
• Flipkart
• Snapdeal
• Raymonds
• HP
• NTPC
• Puma
• DHL
• Zomato

Numerous excellent colleges in India offer online and regular MBAs in Retail Management. These colleges provide comprehensive knowledge and practical skills in this sector. 

Let's look at the best private and government institutions that offer this program.

Top Private Colleges for MBA in Retail Management

Here is a list of the top private colleges for this program:

• DY Patil University
• Amity University
• Manipal University
• GLA University

Top Government Colleges for MBA in Retail Management

Here is a list of the top government colleges for this program:

• NMIMS (Narsee Monjee Institute of Management Studies)
• Andhra University
• IGNOU

The retail industry is one of the fastest-expanding industries in the world today. MBA in Retail Management is an excellent career choice for those passionate about products, market and marketing, sales, advertising, campaigning, and market research. Students have numerous work prospects at department stores, advertising firms, supply chains, supermarkets, and other businesses. Doing the course will help students become efficient retail managers and help them in issue-solving, supply analysis, retail order acceptance and delivery, human resources, and stock management.

In India, candidates who complete their MBA in Retail Management can pursue a Ph.D. in Management. PhD after an MBA allows students to undertake research and in-depth studies of ideas and specializations. A professional in this field can also work as a Retail Executive, Advertising Manager, Administrative Officer, or Sales Manager. Amazon, Flipkart, and Reliance are some of India's top recruiters for retail graduates.

This program is also in demand in foreign countries. Students can work in banks, retail stores, marketing, sales, brand promotion, and other domains and get a high salary package. The MBA in Retail Management program provides options in various sectors, including traditional retail management, e-commerce, and supply chain management.

The graduates of online MBA in Retail Management can earn an average salary ranging from INR 3 LPA to INR 6 LPA per year in India.

Is any scholarship offered to students who want to do MBA Retail Management courses?

Ans. Yes, students can choose from various scholarships offered by the government and colleges for this program. Some of them are as follows:

• PNB Housing Finance Protsahan Scholarship 
• IDFC First Bank Scholarship

What are the critical MBA Retail Management subjects?

Ans. Here is a list of some important subjects for this program:

• Retail marketing
• Retail management perspective
• Customer service management
• Buying merchandising
• Store operations
• Human resources

Is there any need for an entrance test to pursue an online MBA in Retail Management?

Ans. No, students don’t have to take an entrance exam to pursue an online MBA in Retail Management.

Which are the critical MBA Retail Management books for students?

Ans. Here is a list of the important books for this program: 

• Retailing Management by Joseph Alba, John Lynch, and Wendy L. Larsen
• Marketing Management by Philip Kotler and Kevin Lane Keller
• Remarkable Retail by Steve Dennis
• The Art of Retail Buying by Michael R. Levy and Barton A. Weitz
• Omnichannel Retailing by Christina Wiese, Boris Engelhardt, and Thomas Hess

What are the skills required for an MBA in Retail Management?

Ans. Some of the required skills for this program are: 

• Customer Relationship Management
• Retail Analytics
• Strategic Planning
• Teamwork and Leadership
• Communication Skills
• Problem-Solving and Decision-Making
• Digital Marketing and E-commerce
• Negotiation Skills
• Visual Merchandising

Is the online MBA in Retail Management Program UGC approved?

Ans. Yes, the online MBA in Retail Management program is UGC approved.