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An online MBA in retail management is a program that is designed to give students exposure to real-life situations and problems that they face in retail businesses. The program is built around a CFO’s perspective on important decisions taken by retailers on an everyday basis including merchandise, promotions, pricing, and inventory management.
With the growth of eCommerce, the competitive environment has changed substantially forcing retailers to adjust their offline, online, and even multichannel offerings to stay competitive. The online MBA classes and curriculum are focused on a wide range of retail operating models and common operational challenges that retailers face for competing effectively.
If you wish to pursue a program in the field of retail management then keep reading to know more.
What is an Online MBA in Retail Management?
Retail management is a sub-discipline of the general field of management that is usually responsible for dealing with the distribution and selling of products directly to customers in vending points such as chain stores, shops, markets, and malls.
The retail managers are in charge of everyday operations within a retail store or a department. They can plan how merchandise is promoted, manage employees, handle customer service, and also supervise inventories. Pursuing an online MBA in retail management also helps in understanding customer profiles and empathizing with their needs while adjusting to product supply along with anticipating demand for increasing profits.
Retail management is also related to other disciplines ranging from business, marketing, logistics, supply chain management, operations, fashion merchandising, etc. Pursuing an online MBA in retail management enables students to learn management models and practices along with relevant marketing strategies.
Why Pursue Online MBA in Retail Management
An online MBA in retail management is a program for students who are employed in the field of retail management, admin department, storekeeping, etc. The program is appropriate for students who wish to expand their knowledge of the retail industry along with strategic and managerial aspects.
An online MBA in retail management encourages you to be at the forefront of global retail education while making a transformative change in skill development. The program unveils many career avenues but also positions you for an unparalleled progression in the world of retail management.
Some of the program highlights of an online MBA in retail management are mentioned below
- While you pursue an online MBA in retail management, you will be able to delve into various aspects of retail management in the MBA curriculum.
- You can also learn from various industry leaders in the retail sector with over 50 masterclass sessions.
- The program will also allow you to benefit from over 600+ learning hours designed to refine your skills for the next part of retail evolution.
- The program curriculum is also endorsed by experienced retail executives across various industry sectors.
- Graduates pursuing this program can receive training from renowned professionals in retail management while imparting their expertise in retail strategy.
- Students can access specialized retail management courses from LinkedIn Learning and Coursera.
- Pursuing an online MBA in retail management also helps in analyzing global retail case studies from leading publishers such as Harvard Business Publishing.
- Students also engage with interactive coursework with E&Y online content customized to retail management challenges.
- The students pursuing an online MBA in retail management can also receive comprehensive 360-degree placement support which includes resume writing, interview preparation, and placements.
Learning Outcomes of Online MBA in Retail Management
Pursuing an online MBA in retail management can chart a course for strategic leadership and innovative advancements in retail by equipping graduates to change the dynamics of the global retail industry and customer experience.
- Dynamic Retail Management Focus: The curriculum of this program is customized to the retail industry’s evolving needs. Graduates can discover essential and modern subject areas such as retail analytics, merchandising, strategic decision-making, and customer relations.
- Engaging Learning Tools: Chitkara University offers state-of-the-art technology to ensure interactive learning. It offers virtual simulations, case studies, and retail scenarios to provide an immersive education experience.
- Industry-Backed Curriculum: The program allows faculty to collaborate with retail experts and offers hands-on engagement with real-world projects. Students pursuing an online MBA in retail management can effectively bridge the gap between theory and practice by gaining a detailed understanding of retail practices and challenges.
- Career Support: Students can prepare for retail success with comprehensive career services. Starting from resume workshops to exploring networking opportunities, Chitkara University helps students use expertise for rewarding retail roles.
Important Highlights of Online MBA in Retail Management
After completing an online MBA in retail management, you can enjoy a successful career in the field of retail because the program offers important highlights. They are mentioned below.
- Graduates can acquire strategic decision-making capabilities to align the retail business goals with the growing market trends, customer preferences, and competitive dynamics which further ensures sustainable growth.
- The graduates can also enhance communication and leadership skills for effectively engaging with diverse stakeholders including suppliers, customers, retail teams, and community partners for further fostering collaboration and driving organizational success in the global retail environment.
- After completing an online MBA in retail management, you can cultivate a deep understanding of ethical and sustainable business practices in the retail sector by integrating principles of corporate social responsibility and environment stewardship for decision-making processes to further promote responsible business conduct and long-term value creation.
- After you complete your online MBA in retail management, you can pursue many career opportunities. You will be able to do decision-making and have an opportunity to find a respectable role at many organizations. Some of the job roles that will be open to you are that of a Retail Consultant, Retail Financial Analyst, Retail Marketing Manager, Retail Project Manager, Retail Operations Manager, Retail Entrepreneur, Supply Chain Manager in Retail, Retail Store Manager, Retail Product Manager, and Retail Executive Leadership.
Also Read: The Role of Technology in Online Learning Programs
Summing It Up
If you are someone who wishes to grow professionally in their retail career then pursuing an online MBA In retail management can be one of the best options for you. Pursue an online MBA in retail management from a leading institution such as Chitkara University to build a career in the retail sector.
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