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Online MBA In Retail Management
Explore the exciting field of retail management with our cutting-edge online MBA program. This course is designed for individuals who are eager to learn and get experience in the retail business. It provides a thorough curriculum that will help you improve your analytical, strategic, and leadership abilities. Whether you’re a seasoned retail worker looking for a promotion or are just getting started, our adaptable online platform offers the knowledge and resources you need to succeed in the cutthroat environment of the market today. Become a part of a group of like-minded people, network with professionals in the field, and take advantage of countless chances for success and advancement in the dynamic field of retail management.
Online MBA in Retail Management: Overview
- Students pursuing an online MBA in retail management are prepared with the fundamental information and abilities needed to succeed in the cutthroat and rapidly evolving retail sector. A wide number of subjects are usually included in the degree, such as supply chain management, retail strategy, consumer behavior, marketing, finance, and operations.
- Pupils gain knowledge on how to evaluate consumer trends, create winning retail strategies, run retail operations effectively, and use technology to improve the in-store experience.
- Students learn about the intricacies of retail management via projects, case studies, and real-world simulations. They also acquire the critical thinking and decision-making skills required to meet obstacles and seize opportunities in the retail industry.
Key Highlights of Online MBA in Retail Management
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PARAMETERS
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DETAILS
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LEVEL OF COURSE
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Post Graduation
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COURSE DURATION
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2 years
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ELIGIBILITY CRITERIA
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Graduation or Diploma. In some cases work experience is needed and in some cases work experience is not needed.
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ADMISSION PROCESS
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Direct/ Merit-based/ Entrance exam-based
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ENTRANCE EXAM
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CAT, XAT, MAT, SNAP, GMAT
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COURSE PEDAGOGY
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Online classes and Learning Management System (LMS)
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FEE RANGE
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5 - 20 Lakhs
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SPECIALIZATION
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Finance, Marketing, Supply Chain Management, Human Resource Management
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TOP UNIVERSITY
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Amity University Online, Symbiosis Centre for Distance Learning (SCDL), Indira Gandhi National Open University (IGNOU)
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JOB PROFILE
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Retail Manager, Merchandising Manager, Retail Consultant
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AVERAGE SALARY
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9 - 15 LPA
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Why Choose an Online MBA in Retail Management?
- Computing Collaboration: To provide interesting and dynamic courses, online MBA schools make use of cutting-edge technology and cutting-edge learning environments. Students get experience with virtual collaboration and the use of digital tools—skills that are becoming more and more important in the current digital economy.
- Independence: Students enrolled in online MBA programs may fit coursework around their personal and professional obligations by studying at their own speed and convenience. Working professionals can complete their degree thanks to this flexibility without having to change jobs or relocate.
- Easy access: Students may attend highly regarded universities without having to move or travel thanks to the elimination of regional obstacles by online MBA programs. Opportunities for those who would not have access to conventional on-campus programs are made possible by this accessibility.
Who is Eligible to Choose the Online MBA in Retail Management?
- Knowledge in Education: The majority of programs call for a bachelor's degree from a recognized university. Numerous programs allow degrees from any subject, however, some favor applicants with a degree in business, economics, or a similar topic.
- Employment Background: Professional job experience, usually spanning from two to five years, is preferred or required by many online MBA programs. This practice makes it possible for students to participate in and gain from the program's practical, real-world focus.
- Quantitative Abilities:Having a foundation or basic grasp of statistics, data analytics, and related technical abilities can be helpful and occasionally expected, even if it's not usually a formal necessity.
Topics Covered in Online MBA in Retail Management
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Semester 1
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Semester 2
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Overview of Retailing
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Retail Management Perspective
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Retail Marketing
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Customer Service management
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Buying Merchandising
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Human Resources
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Store Operations I
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Principles of Marketing Economics
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IT application in Retail
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Business Communication
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Semester 3
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Semester 4
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Retail Sales Techniques and Promotion
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International Retailing
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Direct and Network Marketing
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Retail Operations Management
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Strategic Management
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HRM in Retailing
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Advertising communications and promotion
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Corporate Strategic Planning
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Duration of the Online MBA in Retail Management?
- Full-Time Programs: Full-time online MBA programs typically last between 18 months to 2 years, during which time students must devote a large amount of their time to courses, assignments, and projects.
- Part-Time Programs:-Part-time Online MBA programs can last anywhere from two to three years or longer. They are intended for working people who must combine their studies with full-time jobs or other obligations.
- Facilitated Programs:A few online MBA programs have expedited alternatives that let students finish their coursework in as little as 12 to 15 months.
- Customizable Programs: Students may tailor their study time and pace to suit their unique requirements and preferences by enrolling in one of the many online MBA programs that provide flexible scheduling choices.
Universities that Provide Online MBA Program in Retail Management
- Amity University Online: Amity University provides a Retail Management focus in its online MBA program. Retail operations, merchandising, supply chain management, consumer behavior, and retail marketing are among the topics covered in the program.
- Symbiosis Centre for Distance Learning (SCDL) : It provides a Post Graduate Diploma in Business Administration (PGDBA) with a focus on retail management. This curriculum offers a thorough grasp of retail management ideas and processes, even if it is not an MBA.
- Indira Gandhi National Open University (IGNOU): It is a distance-learning MBA program with a retail management concentration. Retail operations, store management, retail marketing, and retail supply chain management are some of the subjects covered in the curriculum.
Skills needed for online MBA in Retail Management
- Emphasis on the consumer: Retail management requires a deep understanding of the demands, preferences, and behaviors of the customers. To improve the shopping experience, increase customer pleasure, and foster loyalty, online MBA students majoring in retail management should cultivate excellent customer service abilities and a customer-centric perspective.
- Merchandising and Goods Monitoring: Effective retail management requires a strong understanding of merchandising concepts, product assortment planning, inventory management, and pricing strategies. To improve sales and profitability, students should learn how to monitor market trends, optimize the product mix, and apply merchandising techniques.
- Retail Analytics: Data-driven decision-making is becoming more and more important in retail management. Online MBA students should hone their analytical abilities to decipher customer insights, market research, and sales data in order to spot possibilities, streamline processes, and spur company expansion.
Recommended Books for Online MBA in Retail Management
- "The New Rules of Retail: Competing in the World's Toughest Marketplace" by Robin Lewis and Michael Dart
- "Retail Management: A Strategic Approach" by Barry Berman, Joel R. Evans, and Patrali Chatterjee
- "The Retail Revival: Reimagining Business for the New Age of Consumerism" by Doug Stephens
- "Retailing Management"by Doug Stephens
- "The Retail Value Proposition: Crafting Unique Experiences at Compelling Prices" by Kyle Murray and Alexander Chernev
Application Procedure For The Online MBA In Retail Management
- Registration: Fill out the institution's online application form. Personal data, school transcripts, job experience information, and any other necessary paperwork are usually included in this.
- Test for Entrance: The entrance test for MBA admissions in India may include the CAT (Common Admission Test), XAT (Xavier Aptitude Test), MAT (Management Aptitude Test), or other comparable examinations, depending on the school.
- Interview: As part of the admissions process, you could be required to attend an interview for certain programs. This interview may take place via phone, video conference, or in person.
Educational Expenses for an online MBA in Retail Management
- Schooling: The cost of online MBA programs in India can vary significantly based on several criteria, including the program's duration, structure, and reputation of the school. In India, the typical cost of tuition for online MBA programs can vary from several hundred thousand rupees to several lakhs.
- Extra Charges: There can be additional charges for technology, course materials, registration, and exams. Make sure you factor in these extra costs in addition to tuition.
- Scholarships & Monetary Aid: For qualified students, several universities provide student loans, grants, and scholarships as forms of financial assistance. Look into and apply for any financial aid that may be available to assist in paying for tuition.
Is Enrolling in this Online MBA Program Worthwhile?
- Profession Objectives: -Determine whether the information and abilities you acquired from the online course will help you achieve your goals for a career in the retail sector. Will the course assist you in gaining the skills you need to progress in your present career or make the move into retail management?
- School Status: Find out about the online course's accreditation and standing from the organization that is providing it. Examine reviews, endorsements, and success stories from previous participants to determine the caliber and efficacy of the program.
- Syllabus and Materials: Examine the course material to make sure it includes pertinent retail management subjects including supply chain management, retail strategy, merchandising, and customer experience. Seek for classes that provide real-world case studies and practical insights.
Job Opportunities for Online MBA Program in Retail Management
- Retail Manager:Managing workers, maximizing sales, putting marketing plans into action, and guaranteeing top-notch customer service are all part of the daily responsibilities of managing a retail store or chain.
- Merchandising Manager: In order to optimize sales and profitability, merchandising managers are in charge of organizing and carrying out product assortments, price plans, and promotional initiatives. To maximize product options, they work with suppliers, track inventory levels, and examine market trends.
- Retail Consultant:To increase business performance, retail consultants help retail organizations find areas for growth, create plans, and put best practices into action. They could have a focus on supply chain optimization, customer experience management, or shop layout design.
Leading Employers for Online MBA Programs in Retail Management
- Walmart
- Target
- Amazon
- Alibaba Group
- The Home Depot
- Gap
- H&M
- Best Buy
- IKEA
- Louis Vuitton
Addmission Open for 2024
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