Blog The Basics of BBA in Retail Management: Everything You Need to Know?
 

The Basics of BBA in Retail Management: Everything You Need to Know?




Introduction

The chance of increasing a career in the retail industry is expanding. The industry in India is in 4th rank in the world for 10% of the overall GDP of the country in terms of accounts and size. The retail industry is expected to grow by 10.15% at a CAGR.

Recent entrants have made the Indian retail industry one of the fastest-growing industries in the world. Students pursuing a Degree of BBA have several employment options in corporate organizations and businesses driven by industry. BBA degrees have proven beneficial in the retail sector, offering many career options.

A BBA in retail management is an ideal course for people interested in or skilled at managing and monitoring store operations and supply chain activity. This blog will provide in-depth and detailed information about BBA in Retail Management.


Understanding BBA in Retail Management

  1.  What is BBA?
    The BBA program is an undergraduate program that provides students with a comprehensive awareness of the worldwide economic environment, an introduction to the business world and its numerous components, and a solid foundation in management disciplines.

  2. What is Retail Management?
    The practice of managing and controlling all operations involved in running a retail store or chain is referred to as retail management. It involves managing inventories, sales, customer service, marketing, and personnel. It helps in the growth of the economy and society by generating employment opportunities, creating convenience for consumers, building brand awareness, promoting social interaction, and adopting technological innovations.

    • The curriculum of BBA in Retail Management

            BBA in Retail Management program is of 3 years which is divided into 6 semesters.
      Every semester. Every semester provides management education and a basic 
      understanding of retail management concepts. The structure of the BBA in the Retail
      program is given in the below table.


Semester 1

Semester 2

Semester 3

Semester 4

Semester 5

Semester 6

Principles and Practices of Management                 

Business Statistics

Vendor Management

Basics of HRM

Visual Merchandising                                          

Risk and Insurance Management

Basics of Economics

Basics of Marketing

Retail Sales Management

Entrepreneurship Development

Brand Management

Introduction to Mall Management

Basics of Financial Management

Buying, Merchandising, and Category Management

Statutory & Legal Compliances in Retail

Franchisee Management of Profitability

Basics of MIS

Business Ethics and Governance

IT Concepts

Basics of Logistics and Supply Chain Management

Consumer Behaviour

Store Operation Management and SOP Implementation

Family Business Management

Customer Relationship Management-CRM

Retail Environment

Business Law

Store Location Identifying, Design, and Layout Planning

Warehousing Management

Digital Marketing

Logistics Information System

Environmental Studies

Basics of Operations Management and Life Competency and Presentation Skills

Research Methodology

E-Business

Retail Strategy

Summer Internship/Project Work

  1. Importance of Internship and Practical Experience
    Corporate companies and organizations around the world look for skilled and talented candidates who have hands-on experience in particular fields. Internships are a way to find the objective of your career goals and fill the gap between learning and finding the right occupation for the students. Internships provide you with an opportunity to increase your network for your career growth.

Career Opportunities with a BBA in Retail Management

    • Retail Management Career Paths

  • Store Manager

  • Retail Buyer

  • Visual Merchandiser

  • Supply Chain Analyst

    • Salaries and Job Outlook
      Students' BBA Retail Management salaries are affected by the specialty they choose. Other factors that influence graduate earnings include locality, industry, jobs, experience, and so on. Students can improve by applying for internships and gaining experience. BBA Retail Management salaries in India often range from INR 4 to 17 LPA, based on the candidate's experience, talents, and understanding of the field.

    • Job Market Trends
      Retail management positions now include digital marketing, e-commerce, and supply
      chain management in addition to in-store operations. Overall, the retail business is undergoing tremendous transformation, and the demand for professional retail managers is increasing.

Admission Requirements and Application Process

  1. Eligibility Criteria
    You must have completed 10+2 education from a recognized educational board. The primary study topics of commerce field at the 10+2 level. One should have a minimum aggregated score of 50% in the 10+2 level.

The Entrance Exam depends upon the college selection process. Students who are interested in applying to the institution can learn more by visiting the college campus.

  1. Application Procedure
    Admissions applications are available both online and offline. Students can apply for the BBA Retail Management admission procedure by visiting the college website or contacting the admissions office directly.

Advantages of Pursuing BBA in Retail Management

  1. Skill Development
    If you want to be an entrepreneur, a BBA in Retail Management may help you establish and manage your retail company effectively.

    Hands-on skills like inventory management, customer service, sales techniques, and marketing are taught in this course. In the real world, these skills will be directly applicable and transferrable.

  2. Networking Opportunities
    BBA in retail management students can network through a wide range of channels, including on-campus clubs and organizations, off-campus business events, internships, and online platforms. Such opportunities can assist students in expanding their network and learning about prospective job opportunities in their subject of interest.

  3. Global Perspectives
    BBA in Retail course teaches the skill of modern retailing to the students which gives them a global perspective in the retail sector. Students can also opt for higher studies after completion of the course to get a wider knowledge of the sector.

Challenges and Considerations
It is important to be aware of the challenges that come with this field and the considerations you need to make before enrolling.

    • Challenges in Retail Management

  • Dealing with Competition
    The retail market is very competitive, and staying ahead of the competition is a constant battle. To solve this challenge, you'll need to build techniques that distinguish your retail firm. Understanding your target market, performing competitive analysis, and continually innovating in terms of product offers, price, and marketing are all part of this. Your BBA program will teach you how to assess market trends and build competitive tactics.

  • Customer Service Challenges
    Customer service plays an important role in retail. Customers with varying requirements and expectations frequently confront retail enterprises. Handling client complaints, resolving tough circumstances, and ensuring that all consumers have a great shopping experience may be difficult. To deal with these problems, your BBA program will educate you on best practices in customer service and effective communication strategies.

    • Considerations Before Enrolling

  • Personal Interest and Commitment
    It is necessary to evaluate your interest in the topic before enrolling in a BBA in Retail Management program. Retail management needs effort and a real interest in the sector. Consider whether you enjoy interacting with people, are interested in consumer behavior, and are prepared to commit to a fast-paced, frequently demanding job. Examine your dedication to the field, since it will have a huge influence on your career and job happiness.

    • Industry Research and Updates
      The retail sector is constantly changing as a result of changes in customer behavior, technology, and market trends. It's a good idea to keep up with the newest retail innovations before enrolling in a BBA program. To understand the current landscape, keep up with industry news, read relevant publications, and attend seminars or webinars. Being aware of industry trends and developments will not only enable you to make better-educated decisions during your education but will also make you a more valuable asset to companies after graduation.

Final Thoughts on Pursuing a BBA in Retail Management

A BBA in Retail Management is an excellent option for people who are enthusiastic about

the retail business and keen to tackle the problems that it presents. Graduates of this

program may look forward to rewarding jobs in a profession that plays an essential role

in the global economy with the correct education and a dedication to remaining current

with industry developments.

Testimonials and Reviews

    • Insights from Students and Alumni

Conclusion

BBA in Retail Management provides the skills and information needed for students to succeed in the fast-paced retail business. This degree gives a well-rounded education, from understanding the complexities of retail operations to perfecting customer service. The demand for qualified retail managers is increasing as the retail industry evolves.

Connect with Us
We at ITM Raipur University will counsel you with the best information on BBA in Retail Management. Are you ready to start a rewarding career in retail management? Discover ITM Raipur University's BBA in Retail Management program and take the first step toward becoming a retail business specialist. Apply immediately to take advantage of the prospects in this ever-expanding area!


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