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Are you looking forward to getting into the retail industry and want good knowledge about merchandising and sales; here is the course that you need to pursue. Nowadays instead of an MBA course, most students are attracted to pursuing a PGDM program. Hence, today we will discuss one of the PGDM specialisations in this blog. PGDM in Retail Management is one of the trending topics in today’s time. Students are keen to learn about the management retail segment and how they can get a job in it. Follow this blog to learn about the course, the admission process, the syllabus, jobs and salaries.
What is PGDM in Retail Management?
The full form of PGDM is Post Graduate Diploma in Management, and the PGDM in Retail Management program is a specialised one that concentrates on management strategies for retail establishments. It is a postgraduate course that business schools or management institutions frequently offer. The PGDM in Retail Management is intended to give students a thorough grasp of the retail industry and give them the skills and information they need to succeed in a variety of professions within this industry. Marketing, sales, merchandising, supply chain management, customer relationship management, shop operations, and e-commerce are just a few of the topics covered in the program.
PGDM in Retain Management Course Highlights
Course Level |
Post Graduate Diploma |
Duration |
One to two years |
Course Type |
Semester-based |
Eligibility |
Graduation degree in any stream with minimum 50% aggregate marks |
Admission Process |
Direct and entrance exam based (as per the institute requirements) |
Course Fee |
₹ 20,000 to ₹ 60,000 |
Average Salary |
₹ 3 Lacs to ₹ 5.5 Lacs per annum |
Eligibility for PGDM in Retail Management
- Education Requirements: Candidates should normally hold a bachelor's degree from a reputable university or institution in any discipline. The minimal overall score required to receive the degree should be between 50% and 60%. The applicant's success on prerequisite admission tests or in certain disciplines may also be taken into account by some institutions.
- Exams for Admission: A lot of management colleges demand that students take common admission exams like the CAT (Common Admission Test), MAT (Management Aptitude Test), XAT (Xavier Aptitude Test), CMAT (Common Management Admission Test), or GMAT (Graduate Management Admission Test). These tests evaluate a candidate's aptitude in areas like verbal ability, numeric ability, and logical reasoning. The results of these exams play a crucial role in the admissions procedure.
- Work Experience: Some organisations may favour applicants with prior employment in the retail sector or comparable sectors. There are, however, programmes for both recent graduates and seasoned professionals and the requirements for work experience can differ.
Admission Process for PGDM in Retail Management
The following steps are typically included in the admissions process:
- Application: Interested candidates must complete the applicable institution's application form. Usually, you can do this by filling out an application form offline or online through the institution's official website.
- Entrance Exam: Candidates must take the entrance tests provided by the institution, which must be taken in person. They must sign up for the exams, pay the required fees, and prepare appropriately.
- GD/WAT: Shortlisted individuals are frequently contacted to participate in a group discussion or written ability test (GD or WAT). While applicants must compose an essay or convey their ideas during the WAT, they must debate a specific topic with the GD. Their ability to communicate, think critically, and solve problems is evaluated at this level.
- PI: Qualified applicants from the earlier stages are then called for a personal interview (PI). The interviewing panel assesses the applicant's educational background, professional experience (if relevant), communication abilities, motivation, and program appropriateness.
- Final Selection: A candidate's performance in all areas, including the GD/WAT, PI, and entrance exam results, will determine their final selection. The PGDM in Retail Management program is offered to the chosen applicants.
Syllabus of PGDM in Retail Management
Name of the course |
Topics Covered |
Marketing and Sales management |
|
Introduction to Retailing |
|
Retail stores and operation management |
|
Supply chain management |
|
International retailing |
|
Retail planning |
|
Customer Relationships and Behavior |
|
Electronic Retailing |
|
Project |
Any topic assigned or selected by an individual |
Training |
2-6 months of Training |
Jobs and Salary in PGDM in Retail Management
Job Designation |
Average Salary (₹) |
Sales Manager |
8 LPA |
Brand Manager |
12 LPA |
Department Manager |
4 LPA |
Retail Store Manager |
4 LPA |
Financial Controller |
23.7 LPA |
Sales Executive - Retail |
3 LPA |
Retail/Industry Coordinator |
3.2 LPA |
Top Recruiters of PGDM in Retail Management Graduates
The top recruiters of PGDM in Retail Management are:
- Future Group’s Big Bazaar and Pantaloons
- ITC’s e-ChoupalSpencers
- Shoppers Stop
- Lifestyle
- Reliance Industry
- Airtel
- Chroma
- Dominos
Conclusion
If you desire to pursue Post Graduation Diploma in Management, you can apply for this program via Sunstone. With Sunstone by your side, you can unlock numerous benefits that will help you shape your future. The benefits that you can avail yourself are:
- 70+ training and development sessions from top recruiters and industry experts
- Learn from expert guest faculty who are ex-IIMs and IITs
- 50+ guaranteed job interviews with Placement Protection Plan
- 70% of jobs opportunities in metropolitan cities
- Appear in the Sunstone Scholarship test and get a scholarship worth up to ₹ 10 Cr.
- A capstone project to work on every semester
- Helps in building a professional portfolio that improves your chances of getting hired
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