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Distance MBA In Retail Management

Colleges | Scope | Courses | Eligibility | Admission

What is MBA in Retail Management from Distance Learning?

Indian retail industry is expected to rise to a soaring value of $2 Tn by 2032.”
“Indian E-Commerce industry will skyrocket to $350 bn by the year 2030.”
“Indian retail market is the 4th largest in the whole world.”

The above-stated sentences are not just statements pulled out of a hat. They are the facts and gospel truths, indicating that the Indian retail sector is mushrooming widely. But so is the competition within it and to manoeuvre your way through the tight competition, a certain expertise is necessary. Distance Learning MBA in Retail Management provides you with just that!

MBA in Retail Management from distance learning is a postgraduate course in the domain of Business Administration that specialises in the field of Retail Management. The minimum duration of the course is two years which can be extended up to four years.

The course offers you crucial know-how to fly high in the dynamic and profitable retail industry. It teaches you the intricacies of the retail sector, be it the diverse distribution channels, the rural retailing, the financial risks, or the ethical conundrums. It prepares you to devise sustainable solutions to address the problems of the retail market and streamline the process for utmost customer satisfaction.

Why Go for a Distance MBA in Retail Management?

So far, we had a very short discussion over the key share that the retail sector claims in the contemporary economy. We have also highlighted how a distance MBA degree in retail management is essential to succeed in the current scenario. Let us now discuss this in detail below: 

  1. Boost Your Career Growth: An MBA degree is considered to be a massive gold mine in your pocket and it is not without a legitimate reason. The degree tests you, puts you on difficult trials, and in return, arms you with indispensable management skills. And if you are an MBA graduate in retail management, you will surely develop a creative and critical mindset to plan out supply chain logistics for seamless business growth. For very obvious reasons, you will be able to pick out even the minutest change in the market sentiment and accordingly come up with a new product, a new service, or, maybe, a shrewd marketing plan for the existing line of products. With all these skills, you can eventually land a high-paying job at a business giant or start your own. 

  2. Open the Second Innings for Your Existing Businesses: Technology is changing at the speed of light. So are the logistics, the distribution channels, the marketing mediums, the inventory systems, and mainly us, the consumers. Left with no other choice, the existing businesses have to evolve and a distance learning MBA in Retail Management is definitely the first step towards the evolution. While running your business, you will learn to make use of information technology for supervising your inventory and managing your customers. You will get to know about the inventive mediums to have an intimate connection with the market. It goes without saying that you will learn ways to expand to a new product line, even overseas if you want to. 

  3. Give Your New Business a Head Start: Are you done with your excruciating job and dream of owning a cosy cafe that sells the best cheesecakes? Or, are you the one who always knew that business is her cup of hot chocolate? If yes, then an online MBA in Retail Management is for you. You will learn, in very thorough detail, the essentialities of the retail business, the supply chain, the raw materials, the distribution channels, and everything. Literally everything. Internships and project works will be trial-run for your upcoming retail career and you will already be aware of the nuances of the business when you hit the market.

Scope of Distance Learning MBA in Retail Management

As we have stated already, the retail industry is already thriving and still has boundless potential to thrive, especially in India. The scope of prosperity in this sector is confirmed if you tread with the utmost knowledge of the market because the externalities are quite in the favour of the retail industry. The reasons stated below will give you a clearer and brighter picture:

  1. ‘Ripe’ Time for Growth: Urbanism is widespread. As per the World Bank, the annual urban growth rate has been 2.3 % since the year 2013. Consumerism is flourishing. ‘Invest India’ reports that the consumption of a person belonging to a rural area will multiply 4.3 times by the year 2030. The middle class is emerging. By the year 2030, India will have added 140 million middle-income households, which means more consumption. These conditions are perfectly ‘ripe’ for the new players to enter the retail market and the existing players to re-strategise their businesses. Do we need to say more?

  2. Let’s Order Online: India has a whooping 830 million internet users and we are adding 10 million monthly. Just so you know, India is the second largest market when it comes to the internet and the youngest with regard to demography. That’s quite evident in the times when young, hunched necks are a common sight. Furthermore, the residents of the tier-2 cities will add around 88 percent of the new online shoppers. Everything is pointing towards a very simple fact that there will be an immense demand for online merchandise and a large potential market for anyone with a promising app idea. Therefore, an MBA in Retail Management via online mode is the perfect ingredient for a successful career. 

  3. Absolute Government Support: One of the external factors that can have a direct effect on your business’s profitability is government support. If the government’s support is in its entirety, your business will have a whale of a time and you can have that right now. The government is launching many initiatives such as BharatNet for increased internet penetration in rural India. It is promoting digital payment as much as possible to create a better ecosystem for the e-commerce sector. In order to increase people’s trust in online shopping, they have laid down the Consumer Protection E-Commerce Rules in the year 2020. Everything is being done to boost the e-commerce sector.

  4. Giant Players in the Market:  A large retail market with vast growth potential will definitely lure major players and that is exactly what has happened in the Indian scenario. Apart from giving major competition, big businesses bring better employment opportunities in the domains of Sales, Marketing, and Inventory Management. Anyone with a distance-learning MBA in Retail Management can exploit this situation and enhance their career prospects.

Eligibility Criteria for Distance Learning MBA in Retail Management 2023

Here, we are providing you with a basic idea of the general eligibility criteria that an educational institution can set for the purpose of admission to an online MBA in Retail Management:

  1. Bachelor’s Degree:  To get admission into an MBA programme in retail management through online mode, a candidate must possess a Bachelor’s degree of at least three years of duration with a minimum of 50 percent marks. An educational institution may also specify the field of graduation. 

  2. Entrance Test:For admission in distance or online education mode, some institutions may specify that the candidate should have cleared CAT/ CMAT/ XAT/ ATMA/ MAT or any other specified tests for an MBA degree with a specified score. However, most universities do not require you to appear in entrance exams.

  3. Work Experience  A few educational institutions may set a requirement that a candidate must have a said duration of work experience. But this requirement can be spared if the students have above 50% marks in their graduation.

The above-mentioned criteria may differ from one institution to another. To know the exact eligibility criteria of a university, you can visit our website, or simply, ask us.

Admission Process for Distance MBA in Retail Management

To take admission into an MBA in Retail Management in distance education, a candidate has to fill out an application form. An educational institution may provide the application form in an online format or an offline format or both. The candidate has to submit the filled-out application form along with the photocopies (or scanned copies) of the mandatory documents and the required application fees. 
The documents required for the admission process are:

  • Academics documents
  • Government ID proof
  • Work Experience 
  • Passport size photographs

Upon the successful verification of all the documents, the students are shortlisted and are eligible for admission. They are then required to pay the fees to complete the admission process.

Distance MBA Retail Management Syllabus

An MBA programme in Retail Management in distance education is of two years duration. The two years are further divided into four semesters. The first year of the MBA degree offers a versatile knowledge of various domains of business- Finance, Human Resource, Management, etc. to name a few. The second year provides you with specialisation in the retail domain with an extensive study of various modules of the industry. Apart from a well-structured curriculum, the degree requires you to do internships and practical projects.

Given below is a rough sketch of the syllabus of an online MBA in Retail Management:

SEMESTER-1 Semester - 2
Management Theory and Practice Business Communication
Organisational Behaviour Essentials of HRM
Business Economics Business Law
Information Systems for Management Strategic Management
Financial Accounting and Analysis Operations Management
Marketing Management Decision Science
SEMESTER-3 Semester - 4
Introduction to Retail Global Retailing
Consumer Behaviour International Logistics & Supply Chain Management
Merchandising Management Marketing Research
Sales Management Business Ethics, Governance & Risk
Retail Store Design & Location Research Methodology
Retail Store Operation and Inventory Management Project

The University Grants Commission (UGC) offers autonomy to the educational organisations to revise their syllabus with regard to their requirements. Therefore, the syllabus for various educational organisations may differ.

Academic Fee of Distance Learning MBA in Retail Management 2023

The average fee for an Online MBA in Retail Management is INR 90,000 and it ranges between INR 30,000 to INR 1,50,000 depending on the university. This variation in the fee structure for different universities depends upon a variety of factors.

Some universities are very flexible in terms of fee payment and permit students to pay their fees either in lump sum or zero-cost instalments. Also, some universities offer easy loan facilities for students to provide them with financial assistance. Such convenient payment options ensure that students are not burdened with the weight of fees and can pay their fees annually, semester-wise, or monthly, whichever suits them,

MBA Retail Management Salary & Jobs

A distance learning MBA in Retail Management program can open a whole gamut of well-paying career options in the ever-expanding retail sector. The tables below will give a peep into some of those job roles and their respective salaries:

JOB ROLE JOB DESCRIPTION
Merchandising Manager Responsible for analysing the business’ inventory needs and sourcing it from the potential buyers at the right price, keeping in mind the quality standards of the business.
Store/ Retail Manager Oversees the day-to-day workings of a store to maximise profitability. It includes inventory control, store staff recruitment and training, and customer management.
Display Specialist Responsible for creating an impactful display of merchandise at the store to engage more customers and increase sales.
Customer Service Representative Responsible for maintaining effective customer relationships by addressing customer queries. They also maintain transactional records of the customers with their comments.
Advertising Manager Creates and oversees advertising campaigns for various media channels in alignment with the brand image of the company.
Business Development Officer Responsible for recognising newer clientele for the organisation on the basis of contemporary market trends.
JOB ROLE Average Annual Salary
Merchandising Manager ₹ 14 Lacs
Store/ Retail Manager ₹ 3.4 Lacs
Display Specialist ₹ 4 Lacs
Customer Service Representative ₹ 3 Lacs
Advertising Manager ₹ 10 Lacs
Business Development Officer ₹ 5.2 Lacs
(Source: Glassdoor & Online Manipal)

As already mentioned, the salary given in the table is an average salary in the country for the respective position. For obvious reasons, it will vary according to place, organisation, experience, etc.

Top MBA in Retail Management Colleges in India

Retail industry, specifically, e-commerce is a widely flourishing sector. To tap into the vast potential of this industry, many educational institutes are offering MBA courses in Retail Management through online mode of learning. 

The table below provides the top-rated educational institutions of India with the respective fees that they charge:

College/ University Name Course Fees
NMIMS Global Acces School for Continuing Education ₹ 1,68,000
Online Manipal ₹ 1,50,000
Directorate of Distance Education, Alagappa University ₹ 26,400
Lovely Professional University Distance Education ₹ 48,000
Amity University Online ₹ 2,53,000

You can check out other universities on our website in detail.

Summary:

Course Name Distance MBA in Retail Management
Course Type Master’s Programme
Duration 2 Years (Minimum) - 4 Years (Maximum)
Mode of Learning ODL Mode (Open and Distance Learning)
Fee Structure Fee varies as per the institute. However, the average fee is INR 90,000 for the complete course.
Average Salary Offered 7 Lacs per annum. However, it varies in accordance with the job role, organisation, place, etc.
Employment Roles Merchandising Manager, Store/ Retail Manager, Display Specialist, Customer Service Representative, Advertising Manager, Business Development Officer
Examination Method Both Online and Offline, depending upon the university.

Top Distance MBA Colleges in India

Distance MBA in Retail Management (FAQs)

The course duration of a distance MBA in Retail Management is two years. However, it can be extended up to a period of five years. 

The distance MBA in Retail Management is not difficult. While the first year involves the study of fundamental management courses, the second year offers the study of specialised modules related to International Retailing, Customer Relationship Management, and Direct & Network Marketing. 

The retail sector is a looming industry with unending potential. With soaring demand and a prospective consumer base, the retail market offers an array of job opportunities. A distance MBA in Retail Management provides you with skills to enable you to enhance your career prospects.

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