Retail Management- Building Inroads For Successful Careers
Before you proceed to experience two years of rigorous MBA training exposures
, strenuous preparations, laborious assignments and projects, it is important for you to choose the right kind of MBA specialization. MBA offers a vast range of specialized course programs to equip the students with business management traits and skills that will help them in gaining an edge-over their counterparts in the corporate world. One such emerging field in the arena of business management is the Retail Management.
Retail industry is one of the most vibrant industries in the world that has made major contribution in the global economic growth. Retailing, no doubt, is a vital part of the business industry. And, because of the massive expansion in global trade and commerce, retail industry has clearly become the sector that is expected to show the highest growth in the next five years.
A career in retail management is a dynamic and prestigious employment option that focuses on the essential aspects of the retail business. This sector is known to offer millions of job opportunities worldwide and, hence it proves to be an incredible and an interesting career choice for the Generation Y resource pool. Although retail management is ideally associated with sales, all jobs in this field are not necessarily confined to the stores and outlets. The career options in retail management can range from sales and marketing, concept and designing, buying and merchandizing and even in administration. So, students can also find job prospects in the publishing industry, multiplexes, shopping industry and also in the processed foods industry.
Typically, the study of retail management entails the following area of focus supply chain management, retail accounting, electronic retailing, marketing information, business communication and so on. Therefore, gaining proficiency in these specialized management subjects can prepare the retail management students to demonstrate efficiency in handling dedicated job responsibilities.
Retail industry, especially in India, is expanding at a very high pace. India is now among the top ten retail markets all over the globe. There is a great demand for retail managers in supply chains, export houses and departmental stores across the country. Retail managers are also sought after in various banking, finance and insurance companies. Even IT companies, particularly in the field of telecommunication, require retail managers for the orderly administrative functions.
Apart from all these, retail managers are also needed in various government enterprises, education and healthcare sector.
In the light of the boom in the retail industry in India, numerous multinational companies have come forward with huge investment in this sector. Companies like ITC Retail, Reliance Group, Pantaloons, Spencers, Big Bazaar Group and many others are among the top players of this industry.
So, for all those aspiring students who want to build successful inroads in the area of management, acquiring training in retail management can be a great way to start a career in retail sector. That being said, procuring a management degree from renowned management institute like IMT Nagpur can prove to be fruitful for aspiring MBA in retail students.
The main objective of management training in
IMT Nagpur is to impart students with the importance of striking a balance between theoretical knowledge and practical skills combination of strong conceptual base with contemporary practices and trends.
Make successful careers in management by joining hands with IMT group of management institutes.
by: Johnmichelcane
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