Retail Management Education Requirements

The job of a retail management professional is to manage the retail operations of the departmental store. Among other tasks of retail management professional are staffing with skills professional, looking after the stock of retail products, managing relationships with suppliers and customers, etc. Candidates who would like to become a retail management professional would need to have a relevant education in retail management.

There are various educational programs and certification programs that can be taken by candidates who would want to pursue the career as a retail management professional. Below given are the retail management education requirements.

Retail Management Education Requirements:

  • There are many relevant courses that can be taken up for aiming for retail management. They are master of business administration, BA in service management – mass to market retail management, PhD in General Business Management, MBA in Marketing, etc.
  • Candidates should also have full time experience in retail companies like FMCG firms, food service companies, etc.
  • Candidates should also look for certifications from institutions and vocational institutions.
  • Candidates should develop good communication skills and management skills.

Retail Management Degrees, Courses and Certifications:

Candidates can look at the below degrees, courses and certifications in order to become retail management professional.

  • MBA in Retail Management
  • BA in Service Management
  • Masters of Business Administration in Retail majors
  • AAS in Business Administration
  • BBA in Business Administration Accounting

Retail Management Qualification and Training:

There are a host of subjects that candidates need to be aware of while applying for the position of a retail management professional. Some of the important subjects are retail store handling, merchandise management, staffing and human resources, cost control and management, etc. Candidates who have hands-on work experience are given more importance and preference over others, because effective management of retail store would need many years of real life work experience.

Retail Management Colleges and Universities:

Retail Management Wages and Salaries:

Candidates who would like to work as a retail management professional can work in popular industries like clothing, retail, departmental stores, general merchandise, etc. Candidates would also have to possess a minimum of 10 years of experience in retail management. According to the salary estimates of Pay Scale and released in the form of National Salary data, the annual salary is in the range of $27,000 to $61,000. Including the salary, bonus, profit sharing and commission, the total compensation comes to be between $24,000 and $64,000. These estimates are taken after conducting extensive estimates of salaries paid to US professionals.

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