MBA/PGDM IN RETAIL MANAGEMENT
Retail management has become one of the fastest growing careers in
the industry with the tremendous growth in the economy. Retail Management is the process
which helps the customers to procure the desired merchandise form the retail
stores for their personal use. It includes all the steps required to bring the
customers into the store and fulfill their buying needs. Retail management saves time and
ensures the customers easily locate their desired merchandise and return home
satisfied. Study in Retail Management is a very promising career in
today’s fast paced economy; Master of Business Administration [MBA] (Retail
Management) is a postgraduate course in management. It is the branch
of management that deals with the aspects related with retail
management. It is concerned with the latest concepts and practices
regarding functional areas of management.
Focus of MBA/PGDM in Retail Management
MBA/PGDM in Retail has become quite popular among students as it is
evolving rapidly, today almost every top B-school in cities like
Delhi/Pune/Bangalore etc offers MBA/PGDM courses. Master of
Business Administration [MBA] (Retail Management) is focused on management
of retail business. Retail is single step interaction in small
quantities between buyer and seller in the form of exchange of goods. Retail
management is application of managerial skills for making the retail
process more efficient and streamlined. This course aims to equip the students
with the same managerial skills. Along with the general management
perspective, this course provides an insight into fundamentals and practices
concerned with functional areas of management. The students are taught
to identify problems, think creatively and come up with innovative methods to
improve and better the retail process.
Eligibility-
·
As
a basic criterion of eligibility, to pursue this course the candidate needs to
have attained a basic qualification of graduation in any field, from a
recognized institute of higher learning.
·
The
next step in the procedure is to qualify any of management entrance tests
like CAT/XAT/MAT etc.
·
A
college may also have its own admission procedure on the State level.
Why
Retail Management
·
Vast choice of jobs- After doing MBA/PGDM
in Retail Management, you can have a vast choice of career options, you can
choose anything from Retail Manager, Store Manager, Merchandiser, Marketing
executive etc. See, If we have many
choices than we can go for whichever best suits us and also can switch at any
time, which will lead you to experience much diversity in the type of industry.
·
Exciting day to day work- Dealing with
customers, suppliers, and other members of the team on a continual basis means
that no day is ever the same. Moreover, a store is constantly in motion, and
rare is the day when you find yourself sitting back with nothing to do. Customer
concerns are a constant responsibility of anyone in the retail field, in any
position, and keeping up with their needs is a full-time job in and of itself.
Retail is an ideal environment for those who thrive off a busy work culture
that keeps you moving throughout the day.
·
Balanced Life- Sometimes you have other
commitments in your life that make working a regular nine-to-five difficult, or
maybe you just prefer to keep irregular hours. If that’s the case, retail may
have a particular draw for you in that it can offer a little more flexibility
in its hours. Moreover, retail scheduling tend to allow more freedom in terms
of taking certain days off, rather than being confined to a Monday to Friday
grind.
·
Respectable Paycheck- Considering the demand and supply in the market for a HR,
they get a hefty paycheck every month in mostly every industry, if you’re
able to earn MBA in HR from a reputed B-school, you will be able
to take home a very respectable amount and it’s also a fact that among all
other MBA specializations, MBA with HR gets promoted rapidly and
so the development in portfolio of HR is rapid in compared to other
mangers in the industry.
For such useful informative details and getting help regarding any
B-School related query or searching best MBA colleges in cities like Delhi/Mumbai/Bangalore/Pune
please must check Edumyra.
Source - Edumyra
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