MBA in Retail Management First of all you have to understand the meaning of Retail Management, Retail means the sale of goods, services, and satisfaction to consumers. Management means the proper utilization of resources. Retail management is an integrated part of supply chain management. 7-8 years ago, Retail has been just selling goods in the market place, stores, door to door delivery, and by hand delivery. But now, the retail industries are establishing network marketing through online shopping, electronic payments, and delivery through the courier and other services. In other words, Retail management means that it is a subject that requires you to be fully aware of brands, marketing strategies, and retail philosophies winning the costumers.
MBA in Retail management is 2 year course which is separated into 4 semesters and brief description of each semester is given below The first semester In the first semester, students learn about the basics of accounting, communication, economic analysis, behavioral sciences, and fundamentals of retails. The second semester In this semester, students generally learn about marketing research, merchandising Management, shoppers behavior, human resource management, financial management and legal aspects of management should also be covered.
The third semester- In this semester, students got subjects like strategic marketing, franchising in retail, lean six sigma in retail, mail dynamics, and real estate management, and retail branding, and customer relationship management (CRM).The fourth semester In the fourth and last semester, students covers subjects like advertising and sales promotion, rural retail, e-retailing, business communication, and retailing of insurance products and financial services. A project or dissertation may be required at the end of the course.
Retail is needed in every industry in India. So, Students have many options to choose which field he wants to go to. After finishing the course, there will be no restriction for students to go to any industry, Aspirants will be able to achieve success according to their skills. Students may associate him with these sectors after pursuing this course.
There are so many foreign retail chains from countries like the USA, the United Kingdom, Germany, France which are opening up stores in India every year. As a result, these retail chains generated thousands of jobs for job seekers. Retail is necessary for every sector, so it creates the most jobs every year. The retail system in general is very exciting. Individuals pursuing a job in this industry get wide exposure and opportunity to meet and interact with different kinds of people.
Sometimes retail outlets hire individuals who are graduate or does not demand any specific qualifications in retail management. Sometimes, this may lead to inconsistencies in a people’s career. Sometimes certain brands or certain store of his product does not perform well in the market, then that brand closes his business or shut down that certain store which is not performed well.
Today, the institute is available to do MBA courses in every major city of India. India’s leading B- Schools are located in cities like Ahmedabad, Delhi, Noida, Kanpur, Indore, Mumbai, Pune, Chennai, Bangalore if you want to join a good business school then you can go to any of these cities. If you want to know which city will be the best in these to do an MBA, then you have to compare each city with other cities, if you want to know which city will be the best in terms of studies. It will remain in Bangalore, you will say that some of the main reasons why it is, So some reasons are mentioned below
The weather of Bangalore is almost the same 12 months of the year, neither there are many winters nor much heat and rain is also light in Bangalore. Bangalore is also known as the Garden city of India. Bangalore is one of the safest city in our country, so parents don’t hesitate to send there children to Bangalore. Bangalore is the IT Capital of India and a global information technology hub in the country. The city is known as the Silicon Valley of India with a large number of software companies in India and many top Indian firms like Infosys, Wipro, Mindtree are headquartered in Bangalore. Bangalore has the status of a cosmopolitan city, that makes situations too easy for students to study consumer behavior and business due to a diverse set of structure.
Bangalore has the largest number of best quality B-schools in India and this city is called the home of premium various B-Schools offering numerous workshops to the students by which the standard of learning will pave higher for studies Various B-Schools offering numerous workshops to the students by which the standard of learning will pave higher for students. A student always has greater access to the student’s network to share everything from notebooks to presentations due to the vast alumni network of Bangalore.
Those students who choose Bangalore to pursue an MBA, they have superior quality faculty with well-qualified guest faculties and will get maximum number industry visit due to the presence of good companies. After pursuing an MBA, A student has a higher number of opportunities for jobs in Bangalore because Bangalore known as the silicon valley of India or IT hub of India. The person who chooses to study MBA in Bangalore will definitely get a high quality of life with a market close by and good connectivity