Retail Operation Management Scope

Hi Shubham,
With the introduction of the open economy followed by a boom in consumerism in India and growth of organized retailing, the market had big expectations from the retail sector both in terms of growth in business and in creating job opportunities.
The MBA in Retail will offer a broader range of job opportunities in the service industry in India and abroad, as long as the candidate has the right attitude and skills.Those trained in Retail Management courses will surely have an edge over others as the preferred employees of the organized retailers. Some of the key areas where the Retail management course cover are:
1.The evolution of world retailing
2.Retailing in the world and India
3.Retailing Concepts
4.Retail Marketing
5.Retail Store Operations
6.Information Technology & Internet in Retailing
7.Fundamental accounts & Finance in retailing
8.Pricing, Promotions & Markdowns in Retailing
9.Supply Chain Management in Retailing
An average salary of a Department Manager in a Retail Store is about Rs 3 lakhs per annum and for Retail Store Manager is about Rs 4 lakhs per annum. But with this kind of growth projected in retail market, you will have to the final call about the investment needed to go for this course.
For more details on this, please refer the link:
https://www.shiksha.com/business-management-studies/articles/scope-of-retail-management-blogId-5815

Retail sales today are the major contributor to the revenue of a business. Everything we see selling around us involves retail operations.
Education in retail management offers a wide scope after MBA, as most MBA aspirants in India land up in sales jobs despite studying in fields like Marketing, Finance, HR, Insurance, International business, etc. Whereas, MBA in Retail will offer a broader range of job opportunities in the service industry in India and abroad, as long as the candidate has the right attitude and skills.
Those trained in Retail Management courses will surely have an edge over others as the preferred employees of the organized retailers. Some of the key areas where the Retail management course cover are:
1.The evolution of world retailing
2.Retailing in the world and India
3.Retailing Concepts
4.Retail Marketing
5.Retail Store Operations
6.Information Technology & Internet in Retailing
7.Fundamental accounts & Finance in retailing
8.Pricing, Promotions & Markdowns in Retailing
9.Supply Chain Management in Retailing
According to the statistics, 90 million new jobs will be created in the next 5-7 years in India, of which, 50% (45 million) will be created in the service sector. Retailing in various types and forms will be a major employing sector. Moreover, If large global retailers like IKEA, TESCO, Wal-Mart open their stores across India, the global standard of retailing is expected to reach India soon with all its benefits including better industry practices and training, better salary packages and promising career opportunities in retail management.
An average salary of a Department Manager in a Retail Store is about Rs 3 lakhs per annum and for Retail Store Manager is about Rs 4 lakhs per annum. But with this kind of growth projected in retail market, you will have to the final call about the investment needed to go for this course.
For more details on this, please refer the link:
https://www.shiksha.com/business-management-studies/articles/scope-of-retail-management-blogId-5815

Hi, retail management is an important part of the banking sector. All transactions/banking that deal with individuals (and not companies) are called retail banking or consumer banking. This deals with raising funds from individuals (through investment products like FDs, bank accounts, mutual funds etc.) and also giving funds to individuals (through loans etc). With the huge customer base in India, this banking is very important. There are many banks in retail banking- nationalized banks like PNB, and State Bank of India, private banks like HDFC and ICICI bank and then foreign banks like Citibank and HSBC. SCOPE FOR RETAIL BANKING IN INDIAA round increase in economic activity.Increase in purchasing power. The rural areas have a large purchasing power at their disposal and this is an opportunity to market Retail Banking.India has 200 million households and 400 million middle-class population more than 90% of the savings come from the household sector. Falling interest rates have resulted in a shift. “Now People Want To Save Less And Spend More.”The nuclear family concept is gaining much importance which may lead to large savings, and large number of banking services to be provided is day-by-day increasing.Tax benefits are available for example in the case of housing loans the borrower can avail tax benefits for the loan repayment and the interest charged for the loan. You will earn not only money in this sector but also Name and fame with it.