What can you gain from studying retail management?

Friday, October 9th, 2015

If you’ve been working in retail for a number of years and are starting to look for somewhere to progress, retail management can seem like a natural next step. An increasing number of universities are now offering retail management courses – but what do you gain by studying for one of these rather than simply learning on the job?

See the big picture

Retail management courses are focused on all the processes that go into ensuring consumers can obtain the products they want from their chosen retail store. As such, they are a great opportunity to expand your knowledge and fill any gaps that haven’t been covered in your career so far.

Enhance your practical knowledge

One of the advantages a retail management course can offer is the ability to enhance your practical experience of working in the retail sector with academic knowledge. This can be a real bonus when it comes to understanding how skills from, say, food retail, can be applicable to fashion retail.

Diversify your skills

Retail management courses are often taught in a modular fashion – allowing you to complement a general understanding of retail management skills and issues with a deeper understanding of specific areas that relate to your interests and aspirations. You can choose modules in specialist areas such as retail merchandising or retail marketing, or different types of retail such as online or fashion.

No need to relocate to access the best teaching

Online learning makes it possible for students and professionals to access the best management teaching no matter where they are in the world. There’s no longer a need to pay for student accommodation, commute, or pay to move across country or across borders to get the education you want.

Put your career in context

Pursuing a course in retail management benefits you by providing an opportunity to place your chosen sectors and career in a wider economic context. For example, the retail sector accounts for 11% of jobs globally and plays a huge role in economic growth worldwide.

Improve your performance

Retail management courses are designed to ensure you focus on the logistics involved in managing a retail operation – from relationships with suppliers, to stock levels, staff and what happens on the stock floor. Whereas in your day-to-day job these areas may be handled by different individuals, retail management courses provide an opportunity to experience and understand all of them in-depth – allowing you to develop knowledge in a few months that might take years on the job.

Focus on the future

Retail is one of the most fast-paced and innovative business sectors, often adopting new business models and technologies long before other industries catch up. One of the advantages inherent in studying for a retail management qualification is exposure to the business models and techniques that are coming next – allowing you to bring fresh ideas into your next role.

A path of study that suits your needs

If you’re keen to study retail management but are already working full-time in the retail sector, finding the time to study can be tough. That’s where finding an online retail management degree can help. Such online courses – frequently offered by prestigious universities with a strong track record in management education – are designed for individuals who want to combine academic study with full-time work.

A retail management online degree will generally allow you to select relevant modules and study for them in a way that suits you – by accessing classes and materials online, around your work schedule. It’s also an excellent way of learning from retail experts who may not be based in the same town – or even the same country – as you are.

If a retail management online degree is part of your plan for the future, take the first step by researching the courses that are available and assessing them against what you hope to learn and what you want to achieve. Starting with a list of objectives is a great way to help focus your options and locate the course that best suits your needs.

The University of Lincoln Work-Based Learning top-up degrees will help you achieve your career goals and obtain a qualification with a global focus. Find out more about the Lincoln WBDL programmes including the BSc (Hons) Retail Management course.

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