Master of Business Administration [MBA] (Executive) [Retail Management] is a postgraduate course in Retail management. The duration of Master of Business Administration [MBA] (Executive) [Retail Management] ranges from 9 months to 2 years depending upon the college one opts for.
The minimum eligibility for this course is a graduation degree passed with a minimum score of 45% from any recognized university. Candidates with any background are welcomed to apply for this course.
The average tuition fee of Master of Business Administration [MBA] (Executive) [Retail Management] ranges from INR 50,000 to INR 4 lakhs.
The most common route to this course goes through an entrance test. Passing any of CAT, XAT, MAT or CMAT qualifies the candidates for most of the institutions across India.Other than these tests, some institutes hold test of their own to take admissions.
It is the branch of management that deals with the aspects related with retail management. It is concerned with the latest concepts and practices regarding functional areas of management.
The retail management graduates enjoy a mounting demand in restaurants, logistics, banks, warehouses, book shops, cafes, shopping malls, multiplexes, airlines, insurance and advertising agencies.
The duration of Master of Business Administration [MBA] (Executive) [Retail Management] varies from university to university. It ranges from 9 months to 2 years.
At some institutions like Amity Business School, Joseph School of Business Studies and IILM Business School, this course is 9-12 month long. While, this course is 2 year long at universities such as Aakson Institute for Management Studies and NIAM Institute of Applied Management.
Master of Business Administration [MBA] (Executive) [Retail Management] is focused on management of retail business. Retail is single step interaction in small quantities between buyer and seller in the form of exchange of goods. Retail management is application of managerial skills for making the retail process more efficient and streamlined. This course aims to equip the students with the same managerial skills. Along with the general management perspective, this course provides an insight into fundamentals and practices concerned with functional areas of management. The students are taught to identify problems, think creatively and come up with innovative methods to improve and better the retail process.
Students with a strong understanding of commodities market, diversification of market and market segments can excel at this course. Candidates with critical thinking as their strongest suit are tailor made for this course. Time management and organization are other attributes which go well this course. The students who hold a keen interest in retail sector should look no further than this course. Aspirants with excellent communication skills are always welcomed for any management program. The students with a penchant for leadership and motivation can opt for this course. This course suits well to the students who look for flexibility in their career in form of job of a business of their own. Students with critical thinking ability, quick decision making skills and problem solving skills can take this course and further develop themselves.
The top colleges offering Master of Business Administration [MBA] (Executive) [Retail Management] are:
Post completion of Master of Business Administration [MBA] (Executive) [Retail Management], the students can introduce further qualification on their CV. By pursuing M. Phil. or Ph.D., they can step into the field of research. The students can opt for PhD in retail management offered by West Bengal University of Technology. Alternatively, the students can pursue a doctoral program at Jaipuria Institute of Management.
The minimum eligibility for this course is a graduation degree. The candidate must have passed graduation degree with a recommended aggregate of 45% from a recognized university or any other equivalent exam. There are no restrictions in terms of academic backgrounds. Candidates with any background can apply for and pursue this course.
An entrance exam is the preferred mode of admission by most colleges for this course. The candidates with their graduation results awaited are welcomed to apply for this course.
For admissions in Master of Business Administration [MBA] (Executive) [Retail Management], the most common path goes through entrance exams. Most of the institutes accept scores of national level entrance tests such as CAT, XAT, MAT, GMAT, CMAT etc.
After entrance, the candidates may have to undergo a counseling process as per the specific requirement by university. Some of the universities follow this process by group discussion and personal interview. The scores at each stage are accumulated according to respective weights and candidates are selected on the basis of final score.
A lateral entry is offered by some institutes in Master of Business Administration [MBA] (Executive) [Retail Management]. Indian Institute Of Commerce and Trade provides an alternate route to this course. A lateral entry to third semester is offered to those having 2 years Masters Diploma in Business Administration Program.
The top entrance exams for Master of Business Administration [MBA] (Executive) [Retail Management] are:
Each entrance test has its own syllabus but some topics remain covered in all of their syllabi. Such topics are demonstrated in the figure given below:
Every university has its own criteria of selection. Some of the universities take admission only on the basis of scores in the relevant entrance exams. However, there are some universities which may go for a counseling procedure. It can also be followed by group discussion and interview stage. The candidates who pass each stage and get through are selected for admission.