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Retail Marketing Specialisation

Navigating Today's Business World with Tomorrow's Leaders

PGDM in Retail Management

Why PGDM in Retail Marketing AS A SPECIALIZATION?

PGDM in Retail Management is a specialized postgraduate program designed to provide students with in-depth knowledge and skills in managing various aspects of retail businesses. It focuses on imparting a comprehensive understanding of retail operations, including merchandising, sales, customer service, store management, supply chain management, and marketing strategies tailored to the retail sector. The program typically covers topics such as retailing fundamentals, consumer behavior, store design, inventory management, retail analytics, and omnichannel retailing. PGDM in Retail Management aims to prepare students for diverse career opportunities in the retail industry, equipping them with the necessary managerial and leadership skills to thrive in a dynamic and competitive retail environment.

The retail industry is one of the fastest-growing Industries. The Indian retail industry has undergone drastic changes, with consumers looking at convenience with the multiplicity of choices under one roof.  The retail industry has businesses such as departmental stores, shopping malls and brand outlets. Retail outlets are professionally managed and involve on-floor display, sales, inventory, storage and sales promotions. 

The Indian Retail industry is the 4th most attractive and emerging market globally and is expected to grow at a compounded rate of 30% over the next five years. PGDM in Retail Management Courses has become one of the fastest-growing careers in the industry with tremendous growth in the economy. During the past few years, the expansion of the retail industry has demanded a greater number of trained professionals in this field. It offers 2 million job opportunities worldwide. It is an industry with various activities starting from marketing to branding, looking for people at all levels, from school passouts to management professionals. This makes it one of the most demanding careers of the era.

What Makes VSM The Best PGDM in RETAIL management Course in Mumbai?

Choosing Retail Management Courses in Mumbai at VSM offers numerous advantages and opportunities for aspiring retail professionals. Here’s why:

  1. Strategic Location: Retail Management Courses in Mumbai is a hub for retail and commerce, offering ample opportunities for hands-on learning, internships, and networking with industry leaders.
  2. Industry-Relevant Curriculum: VSM’s PGDM in Retail Management is carefully crafted to meet the evolving needs of the retail sector. The curriculum covers a wide range of topics, including retail strategy, merchandising, consumer behaviour, and e-commerce, ensuring that students gain a comprehensive understanding of the industry.
  3. Experienced Faculty: At VSM, students learn from experienced faculty members who have practical knowledge and expertise in the retail field. They provide valuable insights, mentorship, and guidance to help students excel in their careers.
  4. Industry Exposure: VSM has strong industry connections and partnerships with leading retail companies in Mumbai. Students have the opportunity to participate in industry projects, internships, and corporate interactions, gaining real-world experience and insights.
  5. Placement Assistance: Retail Management Courses in Mumbai at VSM provides dedicated 100% placement assistance to help students secure lucrative job opportunities in the retail sector.

Top reasons to choose PGDM Retail Marketing as a Specialization

Here are the top reasons why you should choose Retail Management as your specialisation in PGDM

  • Booming Retail SectorThe retail sector has witnessed tremendous growth in the past couple of years. Multinational companies have set up base in India, giving a boost to the retail sector. To tap this potential and push the sector to new heights, there is a demand for retail management professionals who can overlook the entire retail process. As per estimates, there are over 2 million retail management job opportunities across the world.
  • Changing Customer Attitudes
    There has been a marked change in customer preferences and the way they shop for their personal use. This paradigm shift is not restricted to metros alone, but also in Tier II cities as well. This has put the onus on retail managers to efficiently deliver the merchandise into the hands of the customer.
  • Emergence of big players in the market
    H&M, Spencers, Reliance, Aditya Birla, Reliance, Tatas— these conglomerates with diverse business interests are on the lookout for people who have skills ranging from sales to market analysis and inventory management store management along with the customer relationship management. As a retail management professional, you will be endowed with all these skills. Your aim will be to reduce the time that the customer spends to find his choice of product.

Careers / Jobs Roles in Retail Sector

Candidates with a PGDM in Retail Management degree can start a career in client communication, supervisory, sales, merchandise shipment, management and administrative services. Retail management offers more than two million job opportunities across.

  • Retail Manager– Retail Managers oversee the daily operations of the store. They are the ones to ensure the smooth running of operations to maximize sales and minimize costs—knowledge of diverse business subjects such as sales, marketing etc. The goal is to manage the store in ways that boost revenues and develop the business.
  • Store Manager – Developing store strategies to raise customers’ pool, expand store traffic and optimize profitability. Meeting sales goals by training, motivating, mentoring and providing feedback to store staff. Ensuring high levels of customer satisfaction through excellent service.
  • Merchandiser –Merchandisers ensure that products appear in the right store or website, at the right time and in the right quantities. This involves working closely with buying teams to forecast trends accurately, plan stock levels and monitor performance.
  • Retail Buyer – A retail buyer is responsible for planning, selecting and purchasing quantities of goods and merchandise sold in retail stores. The source and review existing goods to ensure their products remain competitive.
  • Supply Chain Managers –are responsible for overseeing and managing the company’s overall supply chain and logistics strategy and operations to maximize process efficiency and productivity. In addition, they play a crucial role in developing and maintaining good relationships with vendors and distributors.
  • Marketing Executive –Marketing executives aim to maximise profits by developing sales strategies that match customer requirements and promote products, services, or ideas. Marketing executives develop and oversee marketing campaigns to promote products and services.
  • Brand Manager –A Brand Manager is responsible for adapting a brand strategy for a company’s target market. As the ‘brand guardian’, brand managers maintain brand integrity across all company marketing initiatives and communications and manage a portfolio of products.
  • Warehouse Manager –Warehouse managers oversee the efficient receipt, storage and dispatch of a range of goods. Responsible for a vital part of the supply chain process, you’ll manage people, processes, and systems to ensure goods are received and dispatched appropriately and that productivity targets are met.
  • Merchandising Manager –Being a Merchandising Manager identifies new suppliers and products that reflect consumer preferences and drive sales. Trains and coaches merchandising staff to ensure that the product assortment reflects branding, seasonal, and customer demand.
  • Image promoter– Promoter is a marketing professional responsible for demonstrating the features of a product to an audience or client. Promoter shows how the product works, takes questions and persuades consumers or clients to buy the product.
  • Department Manager– A Department Manager works to ensure a positive experience for the customer by overseeing all aspects of their experience interacting with the company. They assist with the execution of daily operations through staff training, supervision and team building.
  • Analyst – An analyst gathers, interprets, and uses complex data to develop actionable steps to improve processes and optimize results. Day-to-day, they assess company and client needs, receives robust information, and analyzes it, looking for telltale trends or areas for improvement.

Salary Packages for Retail Management Professional

The initial stage in Retail Manager with 1 to 4 years of experience earns an average total (includes tips, bonus, and overtime pay) of Rs. 411,000. A mid-career Retail Manager with 5 to 9 years of experience earns an average total compensation of Rs. 672,492. An experienced Retail Manager with 10 to 19 years of experience earns an average total compensation of Rs. 816,491. In their late-career (20 years and higher), employees earn an average total of Rs. 1,275,000.

Check below post-wise salary:

Job ProfileStarting Salary Per Annum (in INR)Mid-Level Per Annum (in INR)Senior Level Salary Per Annum (INR)
Retail Buyer279,774526,1871,282,223
Department Manager223,443335,834542,426
Retail Manager178,793489,436998,811
Retail Merchandiser144,696358,463683,140
Warehouse Manager181,739409,3191,067,797
Marketing Executive134,532247,899491,279


Top Recruiters for Retail Management Professionals

Some of the significant employers who recruit PGDM in Retail Management are as follows:

  • Tata Group
  • Reliance Group 
  • Lifestyle International
  • ITC Retail
  • Aditya Birla Group
  • Spencers
  • Bharti Walmart
  • K Raheja Group
  • Landmark Group
  • Big Bazaar
  • Pantaloon
  • Lifestyle
  • Flipkart
  • Amazon
  • Shoppers Stop
  • Piramals

Growth of Retail Sector in India | Facts & Figures

India – The Top Retail Destination

The retail market in India has undergone a major transformation and has witnessed tremendous growth in the last 10 years.

  • Indian retail market is projected to reach approximately $2 tn by 2032 from 690 $ Bn in 2021
  • India currently is the 4th Largest retail market in the world
  • Indian retail market recovered from pandemic lows and grew 10% yoy from 630 $ Bn to reach 690 $ Bn in 2021


Contribution to India’s GDP10%
Share in India’s employment8%
Growth rate of retail sector over 2021-3210%
Share of total retail market12%

Specialization Module – 3 | Retail Marketing

Fundamentals of

Buying & Merchandise Management

Customer Attraction and Relationship Management

Store Design and Visual Merchandising

Managing Retail Operations

Case Study


Q. What is PGDM in Retail Management?

A. PGDM in Retail Management is a specialized postgraduate program designed to equip students with the knowledge and skills required for careers in the retail industry. It covers various aspects such as retail marketing, merchandising, store management, and customer relationship management.

Q. What is the scope of PGDM in Retail Management?

A. The scope of PGDM in Retail Management is vast and promising. Graduates can pursue careers in retail operations, merchandising, marketing, e-commerce, supply chain management, and more. With the retail industry experiencing rapid growth, there is a high demand for skilled professionals in this field.

Q. What are the career prospects after completing a PGDM in Retail Management?

A. Graduates of PGDM in Retail Management can explore diverse career opportunities such as Retail Manager, Store Manager, Merchandiser, Retail Buyer, Supply Chain Manager, Marketing Executive, Brand Manager, Warehouse Manager, Analyst, and Department Manager