MBA (Retail Management)Narsee Monjee Institute of Management Studies (NMIMS)
Price on request
Frequent Asked Questions
-Bachelor's Degree (10+2+3) in any discipline from a recognized University with minimum 50% marks in the aggregate. -Work Experience: Two years post qualification work experience is preferred.
The retailing sector in India is highly fragmented (12 million retail outlets) and predominantly consists of small independent, owner-managed shops. Besides, the country is also dotted with low-cost kiosks and p ushcarts. There has been a boom in retail trade in India in last few years, owing to a gradual increase in the disposable incomes of the middle class households. The size of the retailing industry in India is expected to be around Rs 9,30,000 crore. Out of this, organized retailing industry is around Rs. 35,000 crore, which contributes to less than 2-3 per cent of the industry in India. According to a report by the ministry of commerce & industry, the retail sector in India is expected to grow 7% per annum.
During the late 1990s, Indian retailers underwent an experimentation phase wherein new formats (department stores like Shoppers' Stop and Pantaloon) and product categories (consumer durables retailing, music retailing etc) were introduced. As the country marched into the new millennium, the organized retailing scenario began to stabilize, specially over the last 3-4 years when players like Big Bazaar, Barista, Pizza Hut, Shoppers' Stop etc became successful in establishing a national footprint. This was also the stage when international retailers like McDonald's, Subway etc adopted a mix of global and India-specific strategies in order to entice the local population.
Unique features of the programme
The course has a 4 months Summer Internships, offering the students an opportunity to gain hands on experience in the industry.
The Summer Internship also helps students to focus on the area where they would likely to be placed.