Diploma In Retail Management
Diploma in Retail Management: What is it all about?
Students learn from the ground up how a business is run, and giving them principles they can later apply to their own business projects. This coursework focuses on business regulation, ownership philosophies, and structures that can be applied to create well-managed businesses. Topics include employment hierarchies and management structures.
Students in this course learn how to use the Web to build businesses, a utilizing the principles of communication taught in other marketing and business courses. Some practical skills include Web development and computer applications that are Flash, FileMaker Pro, and professional website creation programs. Students learn to use the internet that adds knowledge of networking and information transfer and explores the current marketing environment. This course usually include marketing and introductory retail.
Diploma in Retail Management: Course Highlights
Shown below are some of the major highlights of the course.
| Course Level | Under Graduate |
| Duration | 1 year |
| Examination Type | Semester System |
| Eligibility | 10+2 |
| Admission Process | Counselling 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 |
Diploma in Retail Management: Top Institutes
Some of the institutes or colleges offering the course in the country with the corresponding locations and fees charged by the respective colleges are listed below.
| COLLEGE NAME | CITY | AVERAGE ANNUAL FEE IN INR |
|---|---|---|
| Bharathiar university | Coimbatore | INR 4,805 |
| Rayat college of education | Punjab | INR 80,000 |
| LPU | Jalandhar | INR 1,18,000 |
| APS college of education and technology | Meerut | INR 1,71,000 |
| St soldier college of education | Jalandhar | INR 4,000 |
| BBSBCE | Punjab | INR 49,000 |
| Shanti niketan college of education | Srinagar | INR 64,000 |
| STC college | Rajasthan | INR 60,000 |
| BIT | Meerut | INR 55,000 |
| 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 |
Diploma in Retail Management: Syllabus and Course Description
A semester - wise syllabus of the course is tabulated below.
| 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 |
| Sales Management | - |
Diploma in Retail Management: Career Prospects
Retail Industry is one of the fastest growing & challenging industries in the world & contributes the economic growth of the country. From past few years in the retail sector demand for skilled professionals has increased. Retail management is the right career for those having the interest in merchandise, market & marketing, advertising, sales, campaigning and market research.
The Job opportunities are available in this field such as departmental stores, supply chains, advertising agencies, supermarkets, etc. this field involves a direct communication with the customer & coordinating the business activities. Students who are specialists in retail management are known as Retail Managers.
So many foreign retail industries are expanding in Indian market and you may get the opportunity to work with them. Graduates can start career in client communication, merchandise shipment, sales, supervisory, management & administrative services.
Some of the top professional positions open to such graduates are listed below with the corresponding salaries offered for the respective positions.
| JOB POSITION | JOB DESCRIPTION | AVERAGE ANNUAL SALARY IN INR |
|---|---|---|
| Store Manager | Store managers monitor, plan, and maximize retail budgets and product purchasing, inventory, and sales. They may work closely with regional managers and store owners to coordinate and determine the most cost-effective marketing and hiring strategies. | INR 4,21,000 |
| Manager | Production managers typically supervise a team that includes the production coordinator and assistant directors. They are also responsible for hiring, scheduling, budgeting, and handling insurance issues on the set. They also ensure that the production complies with all safety, guild and union regulations. They typically work with reality or live television, scripted, and new media, film or theatre production companies. | INR 7,02,000 |
| Senior Sales Manager | Sales directors review strategies to increase revenue, beginning by researching new markets or assigning other professionals to conduct studies of products and consumers. They are also responsible for overseeing sales growth; they frequently evaluate sales reports, they often looking to capitalize on a particular product or service in the marketplace. Other duties include meeting with operational and sourcing departments to streamline business procedures and increase efficiency. | INR 12,00,000 |
| Retail banking officer | Retail store and helping customers select the right product sounds interesting; consider becoming a retail sales worker. Sales personnel answer questions about products, greet customers as they enter the store, assist in locating desired items and encourage the customer to buy the merchandise. | INR 4,80,000 |
| Retail account manger | An accounts manager serves as the main contact between his or her company and individual clients. They develop and oversee customers' business accounts. They must stay abreast of changes in markets and technologies to be able to analyse accounts and reinvigorate them, if necessary. They also might provide technical support to his or her clients, to preparing advertising and public relations materials. | INR 9,60,000 |
Fee Structure for Diploma in Retail Management
Diploma in Retail Management Fees structure ranges from INR 20 K - 2 LPA. The fee for the course may vary depending upon the facilities and amenities provided at the college/university, and the level of education offered.
Skills That Make You The Best Diploma in Retail Management Graduate
A Diploma in Retail Management aspirants should possess problem-solving at the heart of technical skills. In addition, at its foundation, Diploma in Retail Management students necessitates applied creativity—a hands-on understanding of the work and strong interpersonal skills.
- Critical and Technology knowledge
- Problem Solving Skills
- Analytical Skills
- Leadership Skills
- Communication Skills
Scope For Higher Education
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:
- M.Phil
- MBA
- B.Sc
- M.Sc
- BA
- MA
Diploma In Retail Management: Admission Process
The admission process for Diploma in Retail Management in India is carried out either from the college premises or online. The admission process for the course is undertaken strictly based on the scores from Secondary or Higher Secondary education exams along with the marks scored in aptitude exams.
How to Apply?
The aspirants can apply for the Diploma in Retail Management course by downloading an admission form available online at the university or on the college website. After submitting the application form, the aspirants will then be invited by the college officials to appear for a written test followed by a personal interview, group discussion, and counselling.
Selection Process
The selection process for the course is carried out based on the entrance exam scores in Secondary or Higher Secondary education. The Diploma in Retail Management course after the university or college conducts a written test, personal interview, counselling, and group discussion, the aspirants are allocated seats based on various Diploma in Retail Management eligibility criteria fulfilled by the aspirants proposed by the college/university officials.
Eligibility For Diploma In Retail Management
The Minimum Eligibility Criteria For Admission To This Course Are 50%-60% Aggregate Marks In 10+2 Examination With Mathematics As One Of The Subjects. Usually, The Universities Require Only The Best 4 Subject Marks To Be Included In The 50%-60% Criteria, But Mathematics Must Be One Of Those Subjects.
Popular Entrance Exams For Diploma In Retail Management
There Are Few Entrance Exams For The Diploma In Retail Management Course In India For Which The Students Can Attend. Appearing For Entrance Exams Is An Essential Criterion And A Good Merit Score From The Diploma Course In The Interior Designing Field. Some Of The Very Best And Mandatory Diploma In Retail Management Entrance Exams Are:
- XAT
- CAT
- MAT
Quick Glance At The Diploma In Retail Management Entrance Exams
The Diploma In Retail Management Eligibility Criteria For Entrance Exams Depends Entirely On The Colleges And Universities That Conduct The Exam. The Entrance Examinations Conducted Some Topics From 11th, 12th, And The Diploma In Retail Management Eligibility To Analyse The Aspirants' Knowledge And Abilities Regarding The Course As A Whole. The Test Includes:
- MCQ With Subjective-objective Type Questions With A Negative Marking System.
- The Entrance Exam Is Conducted In The English Language.
- The Duration Of The Entrance Exam Is 3 Hours With 100 Marks Exam.
- The Topics Are English Comprehension, Quantitive Analysis, Etc.
Preparation Tips For Diploma In Retail Management
A Diploma In Retail Management Students Can Prepare Themselves By Learning The Basics Of Management And Marketing. Here Are The Tips To Prepare Very Well Before Applying.
Read And Practice More: The Aspirants Should Go Over The Entire Syllabus Again, Focusing On The Most Critical Areas.
Mock Tests: Attempting Mock Tests, Revising Year Question Paper Samples, And Solving Mock Question Papers For A Clear Idea Of The Examination And Better Performance During The Actual Exam.
Why Choose Diploma in Retail Management?
Diploma in Retail Management students is highly demanding in the marketing and management sector. The rising demand for effective retail management professionals has a spectacular increase in recent times as the retail sector is growing predominantly & the existence of major corporate players in the country.
What is Diploma in Retail Management All About?
A Diploma in Retail Management duration is a one-year old diploma course that focuses on developing the skills and techniques of a marketing and management student. The course is divided into two semesters. A Diploma in Retail Management is a course mainly focusing on imparting the theoretical concepts necessary to understand the dynamics of Retail Management.
What Does a Diploma in Retail Management Student Do?
Diploma in Retail Management students has a basic knowledge about retail industry and management. The Diploma in Retail Management can open the door to many new and exciting jobs. Here are some qualities which a Diploma in Retail Management student have:
Analytical Skills & Development: A Diploma in Retail Management degree teaches aspirants how to develop their personality with numerical and technical skills. Analytical abilities must be able to analyze data, spot trends, and come to rational conclusions.
Reasons Why Diploma in Retail Management Can Fetch You a Rewarding Career
A Diploma in Retail Management course is one of the most popular study programs in the world today. The syllabus and subjects for the Diploma in Retail Management course are structured in such a way so that the students get a better understanding of the different subjects of the course.
Demand: A Diploma in Retail Management is very much in need as students are introduced to the marketing, retail, and management world.