What are the Key Features of an Online MBA in Retail Management?

The retail sector in India is expected to grow 20-30% on an annual basis, and its overall market is expected to reach a valuation of US$ 2 trillion by 2032. This makes it a very attractive opportunity for those looking to find high-paying job roles in the sector. 

If you are a working professional and feel that there’s a gap between the skills you have and what is required to secure senior-level roles in the management segment, then an Online MBA in Retail Management.

It’s a UGC-DEB recognised 2 year 100% online course that provides you with formal expertise in retail management, such as how to use data to understand shoppers, sell across both stores and websites, and make smart business choices. 

After completing your online MBA in retail management degree, you can expect a salary jump of at least 20-30%, with job roles such as retail store manager, retail operations manager, visual merchandising manager, retail marketing manager, etc.

MBA in Retail Management Curriculum and Skill Development

An online MBA in Retail Management provides you with the skills that are required for building a career in the retail sector. Let’s have a look at what skills you learn in different stages during this online post-graduation programme. 

Business Basics: In the very first semester, it improves your financial literacy, such as how to track daily sales and manage large-scale retail assets. Further, it teaches students how to position their brand at a higher level and develop soft skills, such as how to manage a large team across different retail stores.

Online Sales Strategy: In semester 3 of the Online MBA in retail management, you will get the opportunity to develop data intelligence skills, how to construct an e-commerce strategy, and gain expertise in learning how to choose and manage the right mix of items to boost your profits.

Management Practice: Into its last semester, this online MBA course requires you to learn how to lead logistics globally, negotiate with vendors, and handle market fluctuations. The 4th semester also includes an internship at an retain store, which proves that you can handle complex retail problems and deliver under challenging circumstances. 

Benefits of an Online MBA in Retail Management Course

100% online courses provide benefits in a way that they save your time and cost, and offer equivalent value compared to the regular on-campus course. Let’s check its important benefits

• Flexibility: This online retail management MBA course provides flexibility in terms of online classes on weekends, 24x7 access to recorded classes and e-library, and live doubt-clearing sessions.  

• Cost Benefits: There are very obvious savings in the fee structure of at least 20-30%, with further reduction of expenditure such as accommodation and daily commuting. 

• Online Degree Credibility: This online PG course provides a UGC-DEB-approved degree, which is equivalent to an on-campus one.

• Exposure to Industry experts: Online Universities help students interact live with experts in the retail industry on a global scale, providing an opportunity to get access to insider information before stepping into the industry as a professional.

Popular Job Roles and Salary Range for MBA in Retail Management Post-Graduates

You can expect the salary range between Rs 4LPA - 35 LPA, based on the type of your role and the level of seniority.

• Retail Store Manager ( Rs ₹2.2 – 9.0 LPA): This role requires you to manage the daily functioning of the store, such as staff management, customer satisfaction, and stock availability. 

• Category Manager (Retail) ( Rs ₹6.0 – 18.0 LPA): As the role name suggests, this role is to handle a specific category, such as Men’s Shoes. Basically, they pick a specific product and manage its supply and sales.

• Retail Operations Manager ( Rs ₹5.0 – 15.0 LPA): This role requires you to make sure a number of retail stores are following the designed set of rules to ensure all the stores are functioning in a standardised manner.

• Visual Merchandising Manager ( Rs ₹3.5 – 10.0 LPA): To make sure a retail store is visually appealing in terms of layouts, lighting, and displays, brands hire visual merchandising managers. They design window displays and decide where and how products will be placed on shelves.

Your career choices are very important when it comes to deciding which specialisation you are going to pursue in the Master's in Business Management. If you are interested in an online MBA in Retail Management, then you can get guidance from this online higher education portal, called LearningShal, where you can use its online tools, such as university comparison, to check which university provides better career opportunities in an MBA in Retail Management.