Retail Management Major: Information and Requirements

Oct 11, 2019

A bachelor's degree program in retail management can provide students with a fundamental understanding of business, management and the financial principles necessary to oversee day-to-day retail operations.

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Essential Information

A bachelor's degree program in retail management teaches students how to coordinate with supply centers, purchase goods, hire and train staff members, organize merchandise, market goods and more. Students also explore topics such as organizational ethics, brand management, and business information systems. For admissions, many of these programs require students to submit standardized test scores and have a strong high school GPA.

Bachelor's Degrees in Retail Management

A retail management major must complete broad courses related to business principles as well as specific courses related to retail management trends and issues. They must often also complete general education courses related to college mathematics, basic English and speech communication. In addition, many programs require students to gain work experience at an established retail location before graduation. Common courses include:

  • Business communication
  • Accounting
  • Marketing
  • Management theories and practice
  • Buyer behavior
  • Finance for business

Employment Outlook and Salary Info

First-line supervisors of retail store workers held about 1,548,300 positions in businesses across the country in 2018, according to the U.S. Bureau of Labor Statistics. Employment of sales managers, including those in retail, was expected to grow by about 5% within the 2018-2028 decade, which is about as fast as the average expected job growth rate. The median salary for first-line supervisors of retail store workers was $39,630 in 2018. Retail managers and supervisors employed by scientific research and development services the highest wages, according to the BLS.

Current or aspiring workers in the retail industry interested in pursuing managerial positions may improve their job prospects and learn skills related to business management by earning a bachelor's degrees in retail management.

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