Master's Degrees in Retail Management
Retail is a multi-billion dollar industry that employs millions of people. But retail is also a highly competitive industry that requires top-notch management in order to be successful. The good news is, effective retail managers enjoy stable, lucrative careers, especially when they come prepared with the right education and experience. If you'd like to work in retail management, you can work a number of years learning the retail ropes, or you can earn a master's degree in retail management to launch your career. A master's degree in retail management teaches you all the major aspects of a career as a retail manager, including strategic planning, interacting with vendors and designers, and managing a staff. A master's degree in retail management is a two to three-year graduate degree that qualifies you for an advanced position in retail management or can be used as a steppingstone to a doctorate degree in a related field.
Master's Degree in Retail Management Success Factors
Earning a master's degree in retail management requires that you can patiently handle criticism from employees and customers, are a good communicator, have sound organizational ability, are calm under pressure, are able to motivate employees, and are a solid team player.
Master's Degree in Retail Management Duties
When you earn a master's degree in retail management, you will learn many duties for which you will be responsible as a retail or purchasing manager, including coordinating store budgets, purchasing goods, accounting, and supervising retail store employees.
Master's Degree in Retail Management Curriculum
In addition to advanced coursework in the field of retail management, you may be required to complete a master's thesis and/or a comprehensive examination, also known as comps. A master's thesis in retail management is an extensive research paper on a significant topic in the field of retail management, while comps involve extensive testing of all the subjects pertinent to the field of retail management. The courses you take while earning a master's degree in retail management include marketing, statistics, economics, accounting, art electives, management, sales, and sociology.
Retail Management Jobs
A master's degree in retail management is an advanced educational credential that will qualify you for most careers in the field of retail management. Typical jobs in retail management include purchasing manager, purchasing agent, first line store supervisor, assistant manager, and manager. People who graduate with a master's degree in retail management find a vast job pool in the retail marketplace, as the demand for skilled, experienced employees in retail will continue to grow for years to come.