Diploma in Retail Management Top Colleges, Syllabus, Scope and Salary 2024

Diploma in Orthopaedics is a 1 year full time graduate course which is divided into 2 semesters. Retail is a major sector of the Indian and Global economy.

With an emphasis on retail management and marketing topics, study explores key developments and trends in this area. This course aims at providing a comprehensive view of retailing, and an analysis of the retail environment and exposure to issues and developments in the industry.

Students learn how to use technology in order to analyse, collect, and interpret data from retail systems. The emphasis is placed on the basic computer skills used in retail that is report generation, overall social impact of technology in retail. This course teaches the basic principles of marketing that including marketing strategy and planning, product policy, distribution, promotion, segmentation and pricing decisions. Students learn how to employ by teamwork analytical thinking, and communication skills in marketing. Projects may include the branding and marketing of a product through a retail outlet.

The average annual course fee ranges anywhere between INR 17,000 to 3 lakhs depending upon the institute offering the course. The average salary offered for this course in India to successful graduates of the course ranges between INR 2 lakhs to 20 lakhs depending upon the candidate’s expertise in the field.

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