The Post Graduate Diploma in Retail Management (PGDM-RM) is a one year distance learning programme or a two-year full-time programme. It primarily focuses on retail management fundamentals and marketing practises. A retail management course is designed to provide you with the advanced knowledge and skills of retail management. A bachelor’s degree in any discipline is required to be eligible for this postgraduate diploma.
Many private colleges and universities offer the retail management course programme. You must prepare for theory exams, submit a project, and go through practical training. The length of training may differ between institutes.
In distance learning mode, tuition for PGDM in retail management ranges from INR 20,000 to 60,000. If you do full-time from a reputed college or university, it can go up to INR 5 lakhs.
A diploma in retail management graduates has a wide range of career and job opportunities. They can find work in top companies and can expect to earn between INR 20,000 and 40,000 per month. A retail store manager, financial controller, retail sales executive, and other positions are available.
The retail management course provides a thorough understanding of the concepts and processes involved in retailing and related industries. It covers both academic and practical aspects of best practises in the retail industry. Individuals learn to apply and evaluate appropriate techniques required for successful retailing.
The PGDM- RM syllabus covers topics such as retail fundamentals, consumer behaviour, sales and marketing management, supply chain networks, and electronic retailing. It is primarily concerned with retail management and marketing.
The retail manager or store manager is in charge of all aspects of the day-to-day supervision of retail outlets/stores. He or she is in charge of sales, employees, budgets, supervision, statistical and financial records, pricing, and resource management. The role of a retail manager is to successfully run the store. He is also responsible for ensuring that his colleagues provide excellent customer service. While on the shop floor, retain managers stay in constant contact with customers and employees.
In short, retail management courses in Mumbai can provide you with the best course available under PGDM programmes. It is the most recognized and popular course out there. An average retail management graduate can earn upto 4 to 6 lakh per annum. With enough experience and skills, you can double your earnings within a short period of time.