The Diploma in Retail Management is a two-semester, full-time graduate program that lasts one year. The Indian and global economies rely heavily on retail. The study examines major changes and trends in this field, with a focus on retail management and marketing concerns. This course aims to give students a broad understanding of retailing, as well as an analysis of the retail environment and exposure to industry concerns and changes. Students learn how to analyze, acquire, and evaluate data from retail systems using technology.
The focus is on basic computer skills in retail, such as report generation, as well as the general social impact of technology in retail. Marketing strategy and planning, product policy, distribution, promotion, segmentation, and pricing considerations are among the topics covered in this course. In marketing, students learn how to use teamwork, analytical thinking, and communication skills. Branding and promoting a product through a retail outlet are examples of projects.
Based on the institute offering the education, the typical annual course fee ranges from INR 17,000 to 3 lakhs. The average pay for successful graduates of this course in India ranges from INR 2 lakhs to INR 20 lakhs, dependent on the candidate’s skill in the sector.
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Eligibility Criteria for Diploma in Retail Management
In order to be admitted to the Diploma in Retail Management program in India, applicants must have completed their Secondary or Higher Secondary education with a minimum of 50% aggregate marks. Students pursuing the Diploma in Retail Management degree must also have passed the normal admission examination, in addition to the essential qualifying conditions. There are no set age requirements or prerequisites for enrollment to the Diploma in Retail Management program.
Course Overview for Diploma in Retail Managment
|Course Type||Under Graduate|
|Examination Type||Semester System|
|Admission Process||Counseling after taking Entrance Examination|
|Top recruiting organizations||Lifestyle, Reliance, Bata, Globus, RPG Retail|
|Top recruiting areas||Retail industries, ITC Retail, Tata groups|
|Top job profiles||Stores Manager, Manager Operations, Senior Sales Manager, etc.|
|Course Fee||INR 17,000 to 3 lakhs|
|Average Starting Salary||INR 2 to 20 lakhs|
Admission Process in Diploma in Retail Management
The application process for a Diploma in Retail Management in India can be completed on-campus or online. The course admissions process is solely based on the results of Secondary or Higher Secondary education tests, as well as the results of aptitude exams.
Top Colleges for Diploma in Retail Management
|COLLEGE NAME||CITY||AVERAGE ANNUAL FEE IN INR|
|Bharathiar university||Coimbatore||INR 4,805|
|Rayat college of education||Punjab||INR 80,000|
|APS college of education and technology||Meerut||INR 1,71,000|
|St soldier college of education||Jalandhar||INR 4,000|
|Shanti niketan college of education||Srinagar||INR 64,000|
|STC college||Rajasthan||INR 60,000|
|Bhagat Kabir college of education||Jammu and Kashmir||INR 3,000|
|Bharat College of education||Punjab||INR 25,000|
|Florence polytechnic||New Delhi||INR 14,000|
|Government Hindi teacher’s training institute||Orissa||INR 42,000|
|Iasam academy||Delhi||INR 30,000|
|Maharani teacher training college||Tiruppur||INR 40,000|
|Maharishi University of management and technology||Chhattisgarh||INR 51,000|
|Rama Krishna teacher training institute||Delhi||INR 20,000|
What is Diploma in Retail Management ?
Candidates learn how to run a business from the ground up, gaining principles that they can use in their own ventures afterward. This course focuses on company laws, management ideologies, and structures that can be used to build well-managed companies. Employment hierarchies and management systems are among the topics covered. Supply chain management and retail management are intertwined. Retail used to be defined as the sale of items in marketplaces, storefronts, door-to-door delivery, and by hand.
In the retail industry, however, the tendency has shifted. Students in this course learn how to use the Internet to establish enterprises by applying communication ideas learned in other marketing and business classes. Web development and computer software such as Flash, FileMaker Pro, and professional website building packages are examples of practical skills. Students learn how to use the internet, which expands their networking and information-transfer skills, as well as investigates the contemporary marketing landscape. Marketing and beginning retail are frequently included in this course.
What Does a Retail Management Diploma Student Do?
Candidates with a Diploma in Retail Management have a fundamental understanding of the retail industry and management. The Diploma in Retail Management can lead to a variety of new and interesting opportunities. Here are some characteristics that a student pursuing a Diploma in Retail Management should possess. Analytical Skills Training and Development A diploma in retail management teaches students how to combine quantitative and technical skills to develop their personalities. Analytical skills include the ability to examine data, recognize trends, and draw sound conclusions.
Why a Diploma in Retail Management Can Lead to a Lucrative Career
One of the most popular education programs in the world today is a Diploma in Retail Management. The Diploma in Retail Management course curriculum and subjects are organized in such a way that students gain a better understanding of the various course subjects. As students are exposed to the worlds of marketing, retail, and management, a diploma in retail management is in high demand.
Preparation Tips For Diploma in Retail Management
Students pursuing a Diploma in Retail Management can prepare by learning the fundamentals of management and marketing. Here are some pointers to help you prepare well before applying. Aspirants should review the complete curriculum once more, focusing on the most important topics. Attempting mock exams, reviewing year question paper examples, and solving mock question papers to get a better understanding of the exam and improve performance on the real one.
Scope for Higher Education for Diploma in Retail Management
The scope for higher education for Diploma in Retail Management with the best salaries is welcomed to the entry-level profession, and aspirants can continue their higher education after completing it. A Diploma in Retail Management course is one of the most in-demand professions on the job market. Here are some of the higher education courses available in India:
Skills Required for Diploma in Retail Management
Candidates for a Diploma in Retail Management should have problem-solving capabilities at the core of their technical abilities. Furthermore, Diploma in Retail Management students requires applicable creativity, a practical oriented understanding of the profession, and excellent interpersonal skills as a basis.
- Knowledge of critical thinking and technology
- Problem Solving Skills
- Analytical Skills
- Leadership Skills
- Communication Skills
Syllabus for Diploma in Retail Management
|SEMESTER I||SEMESTER II|
|Principles and Practices of Management||Marketing Management|
|Retail Management I||Retail Management II|
|Consumer Behaviour||Management Information Systems|
|Services Marketing||Concepts in Supply Chain Management|
Career Scope in Diploma in Retail Mangement
Department shops, advertising agencies, supply chains, supermarkets, and other businesses offer job opportunities in this field. Retailing entails direct engagement with customers as well as the coordination of corporate activities. Retail Managers are those that specialize in retail management. Retail managers are responsible for issue resolution, supply analysis, retail order tracking, merchandising, human resources, and stock management, among other things. As a retail manager, you can work with manufacturing organizations to assist customers with product information. Other businesses, such as insurance, banking, education, and healthcare, require retail managers.
The major market, supermarkets, and other similar big retail industries may offer job prospects in the retail industry. After gaining experience, you may begin your career as a sales executive and progress to a higher position as a mall manager or store manager. Many foreign retail industries are increasing in the Indian market, and you may be able to work for one of them. Client communication, sales, supervisory, merchandise shipment, management, and administration are all good places to start.
|JOB POSITION||JOB DESCRIPTION||AVERAGE ANNUAL SALARY IN INR|
|Store Manager||Retail budgets, product purchases, inventory, and sales are all monitored, planned, and maximized by store managers. They may collaborate closely with store owners and regional managers to plan and implement the most cost-effective marketing and hiring tactics.||INR 4,21,000|
|Manager||Production managers are in charge of a group that comprises the production coordinator and assistant directors. Onset, they are also in charge of hiring, scheduling, budgeting, and dealing with insurance difficulties. They also make certain that the manufacturing follows all safety, trade, and union rules. They usually work with reality or live television production firms, as well as scripted, new media, film, and theatre production organizations.||INR 7,02,000|
|Senior Sales Manager||Sales directors evaluate revenue-generating tactics, starting with market research or delegating product and customer research to other specialists. They are also in charge of managing sales growth; they often review sales figures and seek opportunities to capitalize on a certain product or service in the marketplace. Meetings with operational and sourcing departments to optimize business operations and boost efficiency are among her other responsibilities.||INR 12,00,000|
|Retail banking officer||Think about working at a retail store and assisting consumers in selecting the best product for their needs. Salespeople answer product questions, greet clients as they enter the store, assist customers in finding desired items, and persuade them to purchase the stuff.||INR 4,80,000|
|Retail account manager||An account manager is the primary point of contact for his or her company’s clients. Customers’ business accounts are developed and managed by them. They must keep up with the market and technological changes in order to analyze accounts and, if necessary, rejuvenate them. They may also provide technical assistance to their clients in the preparation of advertising and public relations materials.||INR 9,60,000|
Future Scope in Diploma in Retail Management
You can apply for entry-level positions in business and government jobs in India and overseas after finishing a Diploma in Retail Management. Aspirants for a diploma in retail management have a bright future ahead of them and a wide range of work prospects. A diploma in retail management is a lifelong learning experience that encompasses a wide range of technologies and networks. The following fields offer a diploma in retail management:
- Retail Accounts Manager
- Retail Banking Manager
- Regional Business Manager
- Assistant Department Manager
Top Hiring Sector and Companies
The following are the job fields and recruiters in Retail Management:
- Movie Theatres
- Super Markets
- Hyper Markets
- Shopper’s Stop
- RPG Retail
- Wills Lifestyle
- Ebony Retail Holdings
- Big Bazaar
- Vishal Mega Mart
FAQ’s in Diploma in Retail Mangement
The duration of the course is one year.
The Diploma in Retail Management is a one-year program that focuses on the field of retail management. Students seeking a Diploma in Retail Management education have a variety of professional options, including retail, management, and sales. They can work in both the business and public sectors for a variety of reputable Indian and international organizations.
Lasam Academy, Delhi, APS college of education and technology Maharishi Institute of Management & Technology, Bhagat Kabir College of Education are some of the top colleges for Diploma in Retail Management.
One of the most popular education programs in the world today is a Diploma in Retail Management. The Diploma in Retail Management course curriculum and subjects are organized in such a way that students gain a thorough understanding of the different course subjects.
CAT, MAT, and XAT are some of the common entrance exams for management studies in any field. The results of these entrance examinations are used to determine admission.
Individuals with a Diploma in Retail Management are in a growing market in the marketing and management fields. The demand for effective retail management specialists has risen dramatically in recent years, owing to the country’s developing retail industry and the presence of significant corporate players.