Globalisation has caused the market to change drastically in recent years. Especially in the last 15 years, retail as a domain of operations has completely changed. The change and massive growth in the retail sector, in contact with the international market, has made MBA in retail management a highly sought after specialisation.
Top brands are coming up with their own retail outlets, first in the metro cities, and now in the small-towns. Traditional distribution chains exist, but to generate more value, brands prefer reaching out directly to customers with the product. Along with increasing sales, it also boosts brand value.
After an MBA in retail management, you can build a career in several domains. You could be:
- Brand Manager
- Department Manager
- Retail Manager
- Product Manager
- Store Manager
Of course, the specialisation will train you rigorously in the other core areas of management as well. However, in order to get a good job, you need some experience of the industry as an intern. It is an area in which top MBA colleges score well and the consequences reflect in their placement records.
In this article, we will talk about top 3 colleges with highly competitive and specialised MBA in retail management which also provide candidates sufficient industry exposure during the course.
Amity Business School, Noida
ABS is a global business school, with campuses in India and Dubai. The Noida campus offers a specialised 2 years full-time MBA programme in Retail Management. It is a well-known fact that Amity is one of the top private B Schools in India with an excellent faculty and great industry network.
The course fee for MBA in Retail Management comes to around 2.6 Lakhs for non-sponsored, regular students. In two years, the course fee amounts to around 6 Lakhs. ABS’ vision is grounded on the 10 point model for the all-round development of students. They are:
- Summer Internships
- Alumni Meet
- Corporate Summit/Conferences
- Corporate Awards
- Corporate Forums
- Live Projects
- Industry Visits
- Grooming Sessions
- Preplacement Talks
- FInal Placement
Through the 10 points, ABS ensures that graduates of the Retail Management MBA programme are industry ready. During the course, they acquire the required skills and knowledge about the industry, as well as the cultural experience required to adapt in the corporate world.
Assam Downtown University (ADTU)- Sunstone Eduversity
ADTU Guwahati is one of the top campuses in Eastern India. Their professional courses are highly rated, and in the last few years, more than 5000 students have been placed. In collaboration with Sunstone Eduversity, aspirants can now do a full-time 2 years MBA in Retail Management at the Guwahati campus.
The course fee is around 4 Lakhs in 2 years. As a leading placement promoter in management education, Sunstone Eduversity has over 400 companies on board. Additionally, the course focuses on hands-on experience, as a result, candidates have to undergo 9 months of mandatory internship during the course.
The ADTU campus is truly world-class and located in the ancient city of Guwahati.The campus facilities include:
- Swimming pool
- Basketball Court
- Cinema hall
- Indoor stadium
- Yoga studio
Moreover, Sunstone Eduversity also offers students the option to pay the course fee after placement in the Pay After Placement programme. After an initial registration fee, the rest of the course fee will be calibrated according to the salary of the candidates after placement.
K J. Somaiya Institute of Management, Mumbai
- J. Somaiya Institute of Management is one of the best institutes to get a MBA degree in Retail Management. They have 300+ recruiters on board and an alumni base of more than 12000. It is a fully residential programme with 60 seats in total. The cost comes to 17 Lakhs in 2 years and covers everything from hostel facilities on campus to food.
The programme is divided into four key areas and several courses from each of these areas are offered to candidates. The areas are:
- Franchising and Merchandising
- Data Analytics
- Service and Operations
The college has affiliation from several national and international bodies, such as AICTE and The Association to Advance Collegiate Schools of Business, America. The social environment is excellent and retail management students have the following regular yearly socio-cultural activities on campus:
- Kurukshetra – 2 day fest of MBA in Retail Management batches
- Brand-o-Mania – A festival on branding
- Retail Melta – A festival on everything retail
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To sum up, if you’re looking to do a specialised PG degree in retail management, make sure to choose a college that offers best value. Since it’s a specialised degree and a relatively new domain in management education, a lot of knowledge is still in the process of being made. The site where such knowledge is produced and theorised is the industry and its practices. So, if you want to get the best value out of an MBA in a specialised domain, make sure to choose a college that keeps students adequately exposed to the industry throughout the course.
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