According to the Indian Brand Equity Foundation, a Government of India initiative, the retail sector is on its way to becoming one of the largest sectors in the country. As of 2015, the market size reached $600 billion, when compared to $204 billion in 2000.
Further reports suggest that the market size will hit $1300 billion by 2020. While the sector is growing rapidly each year, the number of management professionals required to bridge this massive gap are in high demand.
This is why a transition from the business degree to one of retail management would pay dividends over the next couple years. In this article, you will understand what MBA in Retail Management subject would entail. But, before we get into the nittygritties of the degree, let’s give you acquainted with the basics.
What Does An MBA In Retail Management Get You?
As organized retail is growing exponentially in India, there is an acute need for managerial talent in the sector. Through this program, you will learn about the roles a retail manager is expected to fulfill.
For starters, a manager in this industry would take care of retail merchandising and buying, IT and franchising in retail, and retail selling skills. Apart from these core concepts, you will also learn about all various challenges that are faced by the industry as a whole.
This degree is different from an MBA in marketing and sales subjects because it mainly deals with running the operations of a retail business.
Career Options After A Retail Management MBA
Retailing is one of the most dynamic industries out there and it undergoes drastic changes every few years. With an MBA in retail management, you can start a career in merchandise shipment, client communication, administration, and sales management. This sector is also one of the largest employers in the world and sees over 2 million employments each year.
Some of the jobs roles you can apply for include:
- Store Manager
- Retail Manager
- Supply chain distributor
- Marketing executive
Bottom line, a retail management online MBA can offer you the best opportunities to scale your career to the greatest of heights, if that is the direction you want to go.