Indian shopping has witnessed a sea change in the last decade. Novelty stores and local garment shops have given way to swanking new malls that promise everything under one roof. Though the customer has always been the king, he/she has never been so pampered. If you are lifestyle conscious and want to help people make the right choices then Retail Management is for you. Most stores rely on a pleasant environment to capture the customer's attention. If you enjoy a varied, lively environment with heavy focus on people contact and real 'hands on' management then this is a career worth considering. Customer service is paramount in this field and you should be able to put your business skills to practical and visible application. It is the self-motivated individuals who can infuse enthusiasm into others who end up being team leaders.
Retail Managers often work long hours under pressure and even on weekends. As an executive/trainee, you will work in different areas of a store, obtaining practical experience of each department and gaining selling, marketing and managerial skills.
Opportunities are aplenty in this field. Departmental stores, designer boutiques, fast food chains, super markets, company stores, music stores, electronics showrooms, automobile dealers all employ Retail Managers. Top Recruiting Companies:
Hospitality & Travel sectors, Government and Public Sector establishments, Service industries, It sector and consumer goods manufacturers , Industries and businesses , export houses, international trade firms employ sales executives.
Good communication, organisational and leadership skills
Enjoy working with people
Ablity to work accurately and neatly
Good numerical skills
Product knowledge or interests in market areas like fashion, computer games, etc helps. And if you have the right aptitude and a personality to match, your academic background really doesn't matter. Graduates are taken in at entry level while MBAs join in at the supervisory level. Check out opportunities for summer jobs. The experience gained in any store will come in handy.
Starting salaries are in the range of Rs 1.2 –1.5 lakhs p.a. In a couple of years, you will be earning around Rs 2.5 – 3 lakhs p.a. Senior Managers make between Rs 4 –6 lakhs p.a. The more you sell the more you earn. One of the best parts of this job is that your work as a reatil manager is out there for everyone to see. Your skills and experience therefore matter more than your qualifications while deciding promotions. MBAs from premier business schools start at Rs 6 lakh p.a Other MBAs are paid in the range of Rs 3-4 lakh p.a.
• Jamnalal Bajaj Institute Of Management Studies
• Symbiosis International University
• Amity Global Business School
• Indian Institute Of Management Lucknow
• Indian Institute Of Management Ahmedabad (iima)
• Xlri Xavier Institute Of Management