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Post Graduate Diploma in Management [PGDM] (Retail Management)

PGDM Retail Management Latest Updates

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Retailing is a foremost part of the Indian and Global financial system. Retailers have had to deal with augmented levels of competition, an increased rage of online shopping, new forms of technology and customers. Consequently, many retail associations need individuals with the essential skills to deal with these challenges. 

The retail sector of India is on the rise. It offers great career opportunities for the persons pursuing the retail management course. There are a lot of reasons why a profession in retail goes a long way these days.

This industry is developing at a fast speed and in the Global Retail Development Index (GRDI), India is rated the 5th most promising and budding marketplace. The probable growth in the next five years is scheduled at a compounded 28 percent. So, you can easily make career in this booming industry, if you do PGDM RM course. Major companies are always looking for new talent to bring originality and creativity.

Some of the top recruiters that hire PGDM-RM pass outs are mentioned below:-

The various jobs in the field of retail management and their description is given below.

Job Designation

Job Description

Retail store manager

An individual is responsible for handling the retail store according to SOPs of the company.

Sales executive -Retail

The person is responsible for sale generation, communication; keeping track of availability of products.

Sales manager

The manager is in charge of handling a sales team and to achieve targets set by company.

Department Manger

A department manager has to achieve and set the sales objective, extend, correspond and monitor sales plan to achieve targets.

Brand manager

In this a person is in charge of sales, planning, coordination with marketing team, maintain inventories, etc.

Retail/Industry coordinator

Set up process, improve internal controls, manage tax, audit, finalization of accounts

Financial controller

A financial controller is responsible for handling client and product query, support, complaint rectification through coordination with team, coordinate with warehouses for timely dispatch of material, planning regular estimate on sales and production, etc.

Post Graduate Diploma in Management [PGDM] (Retail Management) : 8 answered questions

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Ques. Which is better, doing a PGDM in marketing from IMT Hyderabad or a PGDM in retail from BIMTECH, Greater Noida?

● Top Answer By Divya Saraf on 22 May 23

Ans. The Post Graduate Diploma in Management has gained traction over the recent years and courses in marketing, finance, operations, HR, etc are being offered by top-tier colleges in India and so does IMT Hyderabad and BIMTECH, Greater Noida. Below is the comparison of the two colleges based on placements. The 2020-22 placement statistics are mentioned below: Particulars IMT Hyderabad BIMTECH Highest Package 25 LPA  23.43 LPA Average Package 12 LPA 9.38 LPA Median Package 11 LPA 8.5 LPA Highest domestic package was 25 LPA offered by Amazon at IMT Hyderabad. IMT Hyderabad’s average package has increased upto 24 % from 9.65 LPA to 12 LPA. It is better in terms of Marketing as it offers the highest package of 16.61 LPA and an average of 11.77 LPA. The roles offered in marketing are:- Business Analyst Business Consultant Analyst - Knowledge Services Management Trainee- Sales Business Analyst - SCM Senior Management trainee Process Analyst and many more. IMT Hyderabad will be a better choice over BIMTECH Greater Noida based on the placement report and roles offered by both colleges.Read more
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Ques. Between general PGDM from jaipuria Noida and PGDM in retail management from BIMTECH greater Noida, which one would be better?

● Top Answer By Tithi Aggrawal on 10 May 23

Ans. JIM and BIMTECH, Noida provide PGDM programs. Your aim and interests determine the program which you should opt for.  JIM Noida's PGDM is ideal for Gen. Man. career seekers. The 2nd year provides specialisations in finance, marketing, human resources, operations, and strategy. BIMTECH, Greater Noida's PGDM-RM can help you break into the retail industry. You can learn retail operations, supply chain management, customer behaviour, and marketing. It offers internships as well as industrial interactions. When taking everything into consideration, I believe that the brand value of BIMTECH gives it a significant advantage over JIM in terms of value as well as the brand. They were also able to achieve 100% placement rate for the 2023 batch. The Highest CTC offered was somewhere around 24 LPA.Read more
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Ques. Which is better at BIMTECH in terms of placements: insurance business management or retail?

● Top Answer By Tithi Aggrawal on 19 Apr 23

Ans. Both PGDM-RM and PGDM-IBM are similar in terms of ROI and placement. Both the courses in Bimtech offer good career options. Even in 2020, which was a challenging year, the students of Insurance and Retail were offered some quality profiles by multiple prominent recruiters. Some of the companies are Infosys, TCS, Bajaj Allianz, SBI, Aditya Birla Group, Religare, and H&M. The recent 2022 placement stats: Domain PGDM-IB PGDM- RM Average CTC (2022) 8.95 lakhs 8.90 lakhs Average CTC (2021) 8.01 lakhs 7.95 lakhsRead more
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Ques. How good is KJ Somaiya for a PGDM in Retail Management? How are it's placements and average package?

● Top Answer By Prasad Sawant on 26 Dec 22

Ans. The PGDM in Retail Management at KJ Somaiya is a relatively new course and not much can be said about its worth. But I have a friend who is currently pursuing RM at KJ Somaiya. According to him, it’s a good choice for someone with interest in this field to pursue this course because The courses at SIMSR are at par with international curriculum. Great exposure and learning through events held throughout the year. One such main event is the Retail Mela. Many committees and student clubs have been set up to promote extracurricular activities  The faculty is experienced and qualified. It does not undervalue the new courses at all. One of the best campuses of India with great infrastructure and facilities. The companies that you should aim for are Ikeya, Walmart ,Future Etc. All this makes the course worth trying.Read more
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Ques. How is the BIMTECH retail management course?

● Top Answer By Archita Ghose on 21 Sept 21

Ans. BIMTECH is considered among the top B-Schools in India. BIMTECH was a pioneer in bringing PG-level courses in Retail as well as Insurance thus enjoying a strong brand -pull from the top recruiters from this domain. Also, the placement record of the last three years for both the courses has been quite good. In the 2021 placements, the average CTC offered at the institute was 8 LPA, while the highest CTC was 16 LPA. Retail is a specialized form of marketing. For this course, BIMTECH assists its students with quality faculties and facilities. Overall, the retail management course offered at the institute is quite good. On the official website of the institute, you will get information regarding various other factors such as previous placements, location, infrastructure, industrial exposure, faculty, activities on campus, etc.Read more
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Ques. How is BIMTECH Noida’s retail management?

● Top Answer By Sreeparna Bose on 05 Jul 21

Ans. BIMTECH Noida is a great match for you if you see your future aspects in the retail sector. After getting into the retail field it would be tough for one to get into core marketing. Here’s why: If you choose retail management specialization it can be tough for you to get core management jobs. On the contrary, marketing students can opt for both core and retail jobs. You need to have a good personality to become a vital part of the retail industry. Below are some qualities which can help you survive in this field for the long term. Excellent leadership skills Strong foothold in providing outstanding customer service The ability to handle stressful situations like customers dealing with cool & calmness. If you think you are lacking some of these qualities, BIMTECH can provide you with navigation towards your goals. BIMTECH is one of the leading institutes for retail management, making it a good option. They offer good placements and emphasize a lot of holistic development. Right from academics to industry exposure to extra and co-curricular activities, focus on 360-degree growth. Categories Retail Management in BIMTECH Course Fee 9.00 lakh Highest CTC 10.3 LPA Average CTC 8.1 LPA Median CTC 5.5 LPA Recruiting Companies Accenture, Aditya Birla, Infosys, L&T, etc. Overall, you must opt for the retail sector if you can handle challenges and if you want to be a part of it in the long run. With good placements and industry exposure, BIMTECH is undoubtedly a good place to study retail management.Read more
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Ques. What is the CAT cutoff for a BIMTECH retail management course?

● Top Answer By Anjali Sharma on 04 Feb 21

Ans. BIMTECH, Greater Noida one of the most desired and highly ranked B-schools in India. It is a preferred destination for MBA or PGDM for CAT 2020 aspirants. Great learning, decent placements, and relatively modest CAT cut-off used in shortlisting for flagship PGDP add to the key strengths of this coveted B-school. Admission:  BIMTECH will accept CAT, XAT to shortlist candidates for the final admission round for PGDM.  For admission to PGDM (RM) and PGDM (IBM), an aspirant is required to have a valid CAT / MAT / XAT / GMAT / CMAT score.  The Retail Management admission is admissible through the MAT / CMAT score also.  Minimum 60 percentile in CAT / XAT and minimum of 80 percentile in MAT/CMAT is required. Along with the good score, student performance is also examined. BIMTECH has its own selection criterion, which includes Written Ability Test (WAT) and Personal Interview (PI) and the student has to perform well in both.Read more
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Ques. How is the retail management course in BIMTECH, Noida? What is its placement?

● Top Answer By Shivani Rai on 04 Feb 21

Ans. In the current industry, the demand for retail marketing is increasing. The upcoming market leaders need to be innovative. BIMTECH prepares students for that precisely with proper guidance and industry contacts. It is considered one of the leading B-schools of India. Dissertation and practical projects are an essential part of the PGDM-Retail curriculum of BIMTECH. BIMTECH course work consists of internships, live projects, and industry visits, etc. which will surely give you an upper hand.  Practical Experience: In Retail Management, you will need practical hands-on experience and BIMTECH excels in it.  In the past, students performed hands-on projects in one of the best malls in Delhi along with a faculty.  These practices come in handy if you want to become an expert in communication skills, interpersonal skills, learn body language and read the minds of the customers. Placements: BIMTECH has a promising placement record for Retail Management.  Each student must go through a 3-month internship before the placements. Which is quite beneficial for students. The institutes Centre For Corporate Relations guide the students through the whole process of preparing the CV or preparation for the final placement interview. Madura Fashion & Lifestyle, Aditya Birla Retail, Catwalk, Bata India, Raymonds are some of the top recruiters at BIMTECH. During the summer internship, the institute had about 170 Corporates and organizations that offered three months of internships to 354 first-year students.  The table shows a brief overview of the institution. Median CTC INR 8.13 LPA Highest CTC INR 23 LPA (International), INR 18 LPA (Domesttic) Fees  INR 9 lakhs Entrance Examination CAT/XAT/GMAT Overall, BIMTECH is a great potential choice for retail management. It also has a legacy of offering quality education in the field of management for almost 3 decades. Read more
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FEATURED COURSES

Post Graduate Diploma in Management [PGDM] (Retail Management) Colleges IN INDIA

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S.P Mandali's Prin L.N Welingkar Institute of Management Development & Research (WeSchool)
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S.P Mandali's Prin L.N Welingkar Institute of Management Development & Research (WeSchool)

Mumbai, Maharashtra
AICTE
MBA/PGDM(2 Yrs)9.8
₹ 7.04 L first year fees
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Jagan Institute of Management Studies - [JIMS] Rohini
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Jagan Institute of Management Studies - [JIMS] Rohini

New Delhi, Delhi NCR
AICTE
MBA/PGDM(2 Yrs)9.7
₹ 5.73 L first year fees
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Jaipuria Institute of Management
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Jaipuria Institute of Management

Lucknow, Uttar Pradesh
AICTE
MBA/PGDM(2 Yrs)9.7
₹ 9.3 L first year fees
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Institute of Management and Information Science - [IMIS]
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Institute of Management and Information Science - [IMIS]

Bhubaneswar, Odisha
AICTE
MBA/PGDM(2 Yrs)9.4
₹ 5.54 L Total fees
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Dyal Singh P.G. College
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Dyal Singh P.G. College

Karnal, Haryana
MBA/PGDM(1 Yrs)8.8
₹ 21 K Total fees
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National Post Graduate College
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National Post Graduate College

Lucknow, Uttar Pradesh
AICTE
MBA/PGDM(1 Yrs)8.6
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Gujarat University
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Gujarat University

Ahmedabad, Gujarat
UGC
MBA/PGDM(1 Yrs)7.4
₹ 1.1 L first year fees
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IIMT Group of Colleges
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IIMT Group of Colleges

Agra, Uttar Pradesh
INC
MBA/PGDM(1 Yrs)6.5
₹ 45 K first year fees
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