MBA in Retail Management: Courses, Career Prospects, Jobs, Average Salary, Top Colleges

MBA in Retail Management is one of the preferred MBA programmes. It is offered as a specialization within the General MBA or standalone programme. MBA Retail Management is AICTE approved or UGC Recognized 2 Years full time programme. MBA in Retail Job and Career Options are offered at high salary packages with diverse roles in Retail Business domain. Some of the top recruiters for MBA in Retail Management include Corporates like Aditya Birla Group, Adani, Reliance Retail, AXIS Bank, ICICI Bank, Asian Paints, EY, Deloitte, HSBC, PWC, Tata, Adobe, Accenture, Cognizant, Maruti Suzuki, Decathlon, among others.

Indian retail industry has emerged as one of the most dynamic and fast-paced industries due to the entry of several new players offering high career growth. Retail Industry in India accounts for over 10% of the country’s gross domestic product (GDP) and around 8% of the employment not only for MBA with Retail Management but also for other candidates. India is the world’s fifth-largest global destination in the retail space and is ranked 63 in the World Bank’s Doing Business 2023. 

The sizeable and nearly unexplored retail market in India are the main enticing factors for international retail behemoths seeking to move into newer markets, which will help the Indian retail business grow more quickly. The urban Indian consumer's purchasing power is increasing, and branded goods in categories like apparel, cosmetics, footwear, watches, beverages, food, and even jewellery are gradually evolving into high business growth and leisure that are well-liked by the urban Indian consumer. The retail sector in India is expected to reach a whopping US$ 2 trillion in value by 2032, according to a recent analysis by the Boston Consulting Group (BCG). Anticipating the high growth in retail industry, many top MBA colleges have launched MBA in Retail Management as specialized MBA program or have started offering Retail Management as one of the key specializations.  

Career Scope of MBA in Retail Management course is very wide as it is in demand from all corporate sectors. An MBA in Retail Management can groom his career in Entrepreneurship, startups, Marketing, Sales, among others. In fact, all the corporate entities dealing in Retail need MBA in Retail Management professionals at all levels of hierarchy.

Graduates with MBA in Retail Management are offered wide range of job profiles and roles across the sectors. As the MBA in Retail Management deals with both technological use of marketing tools marketing managerial aspects of business, the professionals get attractive designations and handsome salary packages. Shared below are the key roles and profiles offered to MBA in Retail Management professionals:

• District Manager/Asst. Manager- Merchandiser
• Assistant Product Manager
• Management Trainee
• Area Manager
• Management Trainee - Retail Operations
• Assistant Store Manager (ASM)
• District Manager
• Senior Consultant
• Solution Advisor

MBA in Retail Management Salary packages go at par with flagship MBA programme. The average salary in MBA Retail Management is in the range of  Rs.10 LPA to Rs.25 LPA depending upon the role and profile offered. MBA Retail Management highest salary goes up as high as Rs.24 to Rs.30 LPA.

Companies across the sectors including BFSI, IT/ITES, Consulting, FMCG/FMCD among others look for the MBA in Retail Management candidates. Some of the top recruiters who look for candidates with MBA in Retail Management qualification include Accenture, Deloitte US, Bata India Ltd., Landmark Group (Home Centre), Babyshop (Landmark Group), Aditya Birla Fashion and Retail Ltd. Godrej Capital, Reliance Brands Limited, Cognizant, Schneider Electric, Capgemini, Make My Trip (MMT),Jupiter Laminators Pvt Ltd., ICA, Pidilite (A Pidilite Group), Wildcraft, Pantaloons, Saint Gobain, Kotak Mahindra Bank, ICICI Bank Ltd., OPPO Mobiles India Pvt Ltd., Infosys, Under Armour, Prop Solutions 4U (PS4U), Meritto among others.

Management Colleges offering MBA in Retail Management Courses in India are many which offer MBA in Retail Management courses. The MBA or PGDM in Retail Management can be offered as 2 Years full time programme; 1 Year full time programme, part time programme; Online Programme; Distance Learning Programme among others. Check below the top colleges for MBA in Retail Management.

Three main points that determine MBA in Retail Management Eligibility Criteria are:

• Graduation from an AICTE approved or UGC recognized institute with minimum 50% marks in any discipline.
• Those who are in final year of graduation can also apply
• Applicant must have appeared in at least one of entrance exams accepted by the institute 

1 MBA in Retail Management Entrance Exams 
MBA in Retail Management colleges shortlist the applicants based on different MBA Entrance Exams which include CAT, XAT, NMAT, CMAT, MAT among others

After submitting application for admission and scoring well in the entrance exam, you are shortlisted for GD-PI round. Based on your entrance exam score, academics, performance in PI round and other parameters, you will be given admission offer. If selected by the institute, you have to deposit admission by the stipulated date.  

MBA in Retail Management Fee Structure is like that of flagship MBA programme. The MBA in Retail Management course fees is in the range of Rs.10 Lakhs to Rs.20 Lakhs. 

We hope you found this article on MBA in Retail Management helpful. Check out more Specialized MBA Programs to help you decide the right program for you.