PG Diploma in Retail Management

PG Diploma in Retail Management is a one to two-year programme designed to enhance your knowledge of the retail sector. From graduates to HSC passouts with 2 years of work experience can apply in this programme. This criteria is dependent on the institution. The curriculum covers the core areas of retailing such as service operations, sales, supply chain, consumer behaviour and related topics.

Programme Start Date: 24th      March, 2024
Certificate from IIM Kozhikode
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Benefits of Distance PG Diploma in Retail Management

The retail sector is growing significantly in every aspect. Upgrading your knowledge in this domain will prepare you for better work opportunities and make you capable of starting your own business.

  • Enhances Sales Competence: Sales and customer dealing are the core of retail management. This programme will educate you on how to connect with customers in a better way, how to build customer loyalty, and other key areas.
  • Hones Leadership Skills: This management programme is a way to understand the leadership challenges faced in the retail sector. If you are planning to start your own business, this course will help you master the concepts of retail management.
  • Employment Opportunities Adding a diploma certification to your profile reflects your expertise in the area and dedication towards learning. This quality is highly appreciated by employers. Moreover, building your expertise increases your career prospects.

Eligibility Criteria

You will find different eligibility metrics in every institution. A general criteria which you must fulfill is mentioned below:

A candidate with bachelor's degree in any stream from a recognised university or

A candidate who has completed HSC and has 2 years of work experience or

A Candidate with three-year diploma by AICTE recognised institution

  • Financial Accounting
  • Financial Management
  • Cost & Management Accounting
  • Advanced Management Accounting
  • Financial Management II
  • Security Analysis and Portfolio Management
  • Valuation, Mergers & Acquisitions
  • Financial Derivatives
  • Management of Financial Institutions
  • Financial Statement Analysis
  • Strategic Financial Management
  • Risk Management

Admission process

The admission is done on rolling basis with a fixed deadline for the submission of the application. The admission calender and strcuture is different for each university. Nonetheless, below mentioned is a general overview of the admissions process followed largely:

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Register Online

Create a login ID and password to start with the application form.

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Complete Application

Fill in the personal details and upload the documents.

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Pay Application Fee

Pay the non-refundable application fee using the prescribed payment mode.

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Document Verification

The admission cell scrutinises the applications of every candidate.

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Admission Offer

Shortlisted candidates will receive an official admission offer letter.

List of documents

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Academic Documents
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Government ID proof
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Work Experience
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Passport size photographs

Pedagogy

Interactive teaching style utilizing technology

Pedagogy of the IIM Kozhikode Financial Management programme includes lectures, real-life case studies, quizzes, assignments, and interactions with experienced executives

Emphasis on peer group learning experience

Key Learning Outcomes

  • Learn to make decisions regarding the valuation of assets, hedging, trading portfolio management.
  • Master the concept of Return on Investment (RoI) central to every financial decision
  • Drive business decisions by understanding financial principles, assessments, analyses, and considerations

Programme Delivery

The interactive learning component forms the core of EPGP. The Instructors facilitate the learning through two-way audio/video synchronous telecommunication mode from the studios set up at IIIMK campus. The technology allows the instructor to use PowerPoint presentations, video, audio, whiteboards to effectively communicate the ideas and interact with the participants who attend the sessions from selected TimesPro centres, located at different cities in India.

Who should attend

  • Working professionals seeking knowledge, aspiring to improve the organizations they work for and to advance their careers to greater heights
  • Young executives working in the finance domain seeking to develop specialised competencies in finance
  • Experienced professionals with a deep footing in finance, looking to reach the top of the financial profile in their organisations

Eligibility Criteria

The eligibility criteria of the IIM Kozhikode Financial Management programme include:

  • Bachelor's degree or equivalent in any discipline with a minimum of 50% aggregate marks or equivalent CGPA
  • 3 years of managerial, entrepreneurial, or professional work experience after graduation as of the deadline for submitting the online application
  • Work experience before completion of the bachelor's degree will not be considered The bachelor's degree must be awarded by a university incorporated by a state or central legislature in India, or other educational institutions established by an act of Parliament, or recognized as a university by the Ministry of HRD in India
  • If grades or CGPA are awarded instead of marks, the conversion to percentage of marks will be based on the university's conversion procedure If the university does not have a conversion scheme for CGPA, the equivalence will be calculated by dividing the candidate's CGPA by the maximum possible CGPA and multiplying by 100.

Alumni Benefits

  • Access to IIMK Alumni E mail ID
  • Issue of Alumni Identity Card Access to Alumni Online Portal (Kasebook)
  • Access to IIMK Alumni Email Id (1) Privilege of participating in the Institute activities such as Conferences, Workshops, Convocation, Alumni Meets, Events, PGP/EPGP Inauguration Ceremonies etc
  • Avail MDC /Guest Rooms at discounted rates (i.e., rates equivalent to the Institute Guests)
  • Eligibility to participate in the Awards, Ranking and Accreditation activities coordinated by the Institute
  • Avail the services of IIMK Alumni Relations office
  • Weightage for “Award of Excellence” for Distinguished Alumni Award
  • Preference for sharing/submitting articles for Newsletters in the Institute

Fees

The fee structure of the diploma course depends on the duration of the programme and the institution. It ranges from ₹ 50,000 to ₹1,00,000 for complete course. Programmes of one-year duration will less fees compared to the ones spreading over two years.

Specialisation : Retail Management

Retail Management It is an engaging field which includes merchandising, sales, and marketing of various products and services. Candidates pursuing a PG Diploma in this specialisation can expect to learn about the aspects of retail market and marketing strategies and develop skills in advertising and preparing campaign.

The teaching approach for the IIM Kozhikode Financial Management programme will be interactive and utilize technology to enhance learning. The pedagogy will be a blend of lectures, real-life case studies, quizzes, assignments, lecture-discussions, case study method, behavioral and computer-based simulations, projects, and class presentations.

Assessment for each course will include end-term examinations (after each quarter), quizzes, assignments, projects, and other methods.

Instructors will use a 13-level grading scale, ranging from A+ to F, to evaluate students' academic performance in each course.

The grading scale and corresponding grade points are as follows:

The final Cumulative Grade Point Average (CGPA) for the program will be calculated by summing the grade points for all courses, multiplying by the credits for each course, and dividing by the total number of credits for all courses. This CGPA will be used to determine the award of the certificate.

Certification & Alumni status

Participants of the IIM Kozhikode Financial Management programme, on successful completion of the one year programme would be awarded, “Executive Post Graduate Certificate in Financial Management”. Successful candidates will also be accorded IIM Kozhikode Alumni status.

Attendance Criteria

A minimum of 75% attendance is a prerequisite for the successful completion of the IIM Kozhikode Financial Management programme for each course in each quarter.

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Importance

Streamlining your academics as per a particular specialisation is extremely important and here's how you will benefit from this:

  • Market Relevance: Staying updated with the industry trends ensures that you are well-equipped with practical knowledge, making you more competitive in the evolving market landscape.
  • Personal Passion: Choosing the right specialisation that aligns with your personal interests and passion enables a more engaging and fulfilling learning experience. It increases your concentration and motivation level.
  • Better Opportunities: Selecting a niche leads to career advancement and job security. It opens doors to better opportunities, as employers increasingly seek professionals with expertise in specialised areas.

Subjects and syllabus

The course plan will be different for every college. Following subjects are generally covered in this programme:

Semester 1 Semester 2
Management Theory and Practice Concepts in Supply Chain Management
Organisational Behaviour Services Marketing
Marketing Management Consumer Behaviour
Business Economics Sales Management
Financial Accounting & Analysis
Information Systems for Managers
Note:

All fees are directly payable to IIM Kozhikode *GST as applicable will be collected additional from the candidate/participant. The current GST rate is 18% Application Fee: 2000 plus 18% GST. Application fee remitted is not refundable or adjustable under any circumstances. Candidate applying for more than one programme is required to the remit application fee for each programme that she/he is applying. Programme Fee (Non-Refundable): 3,50,000 plus 18% GST payable in four instalments as per the following schedule.

*GST 18.00% applicable.

Timelines

Career Opportunities and Average Salary

The retail sector is a growing industry with numerous career avenues to pursue. After completing the PG Diploma program, you can pitch for various roles such as:

Job Roles Job Description
Retail Merchandiser An individual who monitors purchase trends to analyze slow-selling products and develops appropriate promotion strategies.
Store Manager Responsible for passing on responsibilities to assistant managers, trainees, and other sales personnel. They negotiate supplier contracts to maintain stock levels and evaluate profit margins.
Visual Merchandiser Manages the display and overall set-up of the store to increase traffic and enhance the visible appeal of the store. Highlights every product in the store according to the target audience.
Operations Manager Responsible for monitoring the production of goods, ensuring maintenance of equipment, and managing personnel training.
Purchasing Manager Maintains records of raw material or other purchase products and ensures that every item is available in stock. Liaises with suppliers and manages the payment flow between the two parties.
Job Roles Average Annual Salary
Retail Merchandiser ₹ 4.6 LPA
Store Manager ₹ 5.2 LPA
Visual Merchandiser ₹ 3.8 LPA
Operations Manager ₹ 10.8 LPA
Purchasing Manager ₹ 12.9 LPA

FAQs

It is a diploma program delivered in online or distance mode to provide in-depth and practical-based knowledge of the core areas of the retail sector.

Depending on the institution and course format, the duration of diploma programs can be one or two years. For instance, the Diploma program in NMIMS is of one-year duration, whereas the PG Diploma at Symbiosis is of two-year duration.

To get a job, one must have relevant skills and knowledge. The diploma certification is surely credible when applying for jobs.

Any diploma or degree earned from an institution approved by UGC, AICTE, or other regulatory bodies is recognized. However, some employers may have special requirements that should be clarified well in advance.

Yes, in India, most of the universities provide admissions to international students.

First, complete your 10+ 2 education from a recognised board. Starting by finding a good university and the right specialisation. Then check your eligibility and apply with proper documents. Final step involves paying the course. This is a generifc view, which is followed by most universities.

Yes, online degrees are equally credible in the market.

Yes, many universities provide placement assistance to the students pursuing Online MBA. They also offer assistance in networking where you can connect with alumni, experts, and faculty and get valuable insights. This will help in connecting students with potential employers.

UGC has given equal weightage to online, distance and regular MBA degrees. So yes, an Online MBA degree holds a lot of value when it comes to career growth and professional development.

Application Deadline: To Be Announced

Course Fee: ₹ 1,80,000 + Taxes

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