ITM Business School

PGDM - Scope of Diploma in Retail Management

Viral Patel

3 min

Retail Management or diploma in retail management is the process of assisting customers in obtaining desired products from retail establishments for personal use. It encompasses all of the processes necessary to lure clients into the store and meet their purchasing needs. Retail management course saves time and guarantees that customers find what they are looking for and come home satisfied.

What does retail management entail?

With the economy's phenomenal growth, retail management has become one of the fastest-growing occupations in the business. The retail sector in India is the most appealing and emerging business in the world, necessitating the need for more qualified experts and diploma in retail management graduates in this field. It seeks to train a new generation of smart retail experts of worldwide caliber and to provide them with the finest techniques used around the world.

Retail Management Courses available in India:

  • Diploma in Retail Management
  • Bachelor of Fashion Retail Management
  • MBA in Retail Management
  • PG Diploma in Retail Management
  • PG Diploma in Fashion
  • Retail Management

What are the career options for Retail Management?

Retail is a vibrant industry that includes a wide range of industries and is home to some of the world's largest corporations. diploma in retail management candidates can begin their careers in supervisory, client communication, merchandise shipment, sales, management, and administrative services. Globally, there are about 2 million career openings in retail management.

Jobs & Career

The retail industry is one of the world's fastest expanding and most complex businesses, and it contributes to the country's economic progress. The retail industry has seen an increase in the demand for qualified personnel in recent years. Those interested in merchandise, market & marketing, sales, advertising, campaigning, and market research can consider a diploma in retail management.

Retail Management courses in Mumbai offer job prospects in this industry including department stores, advertising firms, supply chains, supermarkets, and so on. Retailing entails direct communication with customers as well as coordination of corporate activities. Retail Managers are those that specialize in retail management.

diploma in retail management graduates deals with issue resolution, supply analysis, retail order tracking, merchandising, human resources, and stock management, among other things. You can work as a retail manager in manufacturing organizations to assist clients with product knowledge. Retail Managers are also needed by other businesses such as insurance, banking, education, and healthcare.

In a retail career or after a diploma in retail management, you may be able to get work in a big bazaar, a supermarket, or another large retail industry. After gaining experience, you may begin your career as a sales executive and advance to the position of mall manager or store manager.

Many foreign retail industries are increasing in the Indian market, and you may be able to cooperate with them. You can begin your career in customer communication, sales, management, and administrative services or go ahead with a PGDM in retail management.

Some of the job titles in this field are:

  • floor managers
  • floor executives
  • lobby managers
  • sales managers
  • marketing managers
  • Retail Manager
  • Supply Chain Distributor
  • Customer Care Executives
  • Marketing Executive
  • Merchandiser
  • Store Manager
  • Image Promoter

Recruiters

The job sectors & recruiters in Retail Management are as the following:

  • Malls
  • Movie Theatres
  • Super Markets
  • Hyper Markets
  • Shopper’s Stop
  • Westside
  • Pantaloons
  • Lifestyle
  • RPG Retail
  • Crossword
  • Wills Lifestyle
  • Globus
  • Piramals
  • Ebony Retail Holdings
  • Reliance
  • Big Bazaar
  • Vishal Mega Mart
  • Regal
  • Metro
  • Bata

Skill Required

  • Good Communicator
  • Patience
  • Good Listener
  • Strong Customer Service Skills
  • Professional
  • Problem-Solving Skills
  • Self-Confident
  • Strong Negotiator
  • Ability to motivate, train and develop others

Salary & Remuneration

A newcomer to retail management or a recent diploma in retail management graduate as a sales professional can earn between 2 lakh and 3 lakh per year. Once you've gained the necessary experience in customer, supply, and floor management, you might earn a sizable salary. After gaining expertise, you can expect to earn between Rs. 6 and 7 lakh per year.

The compensation in the retail industry is determined by your qualifications, company, location, and job description. This career includes bonuses, incentives, and special packages. Salary in other countries vary according to a variety of things such as shops, locations, and products. You may expect to earn between $36,000 and $45,000.