Careers in Retail Management
The duties of a job in the field of retail management depend on the product sold by the retailing company. For instance, apparel retailers will require different qualifications for a manager than will those in search of an electronics retail manager. Despite the various trades a retail manager can choose from, they all use strong communication skills to speak with customers and employees on a regular basis in order to ensure quality business practices. Their primary concern will be that their customers are satisfied with the employee conduct and quality of the retailed product.
In addition to customer service duties, retail managers oversee the financials of a retail location, including budgeting, sales, and various accounting figures. They will supervise all aspects of a retail outfit, from sales officials to cashiers to employees involved in inventory. The median income for someone in the retail management field can vary depending on the employing retail company, though the U.S. Bureau of Labor Statistics states that the median annual salary for most supervisors of retail sales workers was $35,820 in 2010.
Required Education for Retail Management
Many retail management positions require a bachelor’s degree in management, business, or a related field. A person interested in retail management can take business classes in employee management and communication, conflict resolution, and training tactics to learn how to run a retail outfit successfully. Interested students can take a number of relevant classes from an online business schools that offer online business degrees with various concentrations relevant to management. They can also take college courses in budgeting, accounting, and inventory reporting for dealing with the financial aspect of their occupation.