How to Become a Store Manager: Career Guide, Courses, Jobs, Scope 2023

Steps to Follow to Become a Store Manager 

To be a store manager, there are some important steps that a candidate should take. Selection to a good college, preparing for entrance examinations, etc are some of the things aspirants must remember. Check the below section to gain a fair idea.

Make a Decision 

• It is very necessary to make a proper decision before you start your career on the specific discipline you want to pursue. 
• Before being a store manager, it is necessary for you to introspect yourself, and understand what are the related fields that you have an interest in, and take it as a subject combo in your 12th standard. Also, examine the courses you’re eligible to become a store manager.
• Be it any profession, or being a store manager, you must work hard to achieve your dream, and also have dedication in your mind to execute your plans. And also be ready to work in different conditions, which you may not be familiar with before.
• Hence making a good decision is necessary about your course. It will also be impactful on the work you do to pursue your career. Choose wisely, whether you want to go for a certificate, diploma, or bachelor’s courses, and also higher education.

Choose the correct subjects 

• Although there are no specific degrees to become a store manager, recently there has been a demand for store managers who are proficient in business, management and general finance. 
• Individuals with a degree in Business, Management or Finance have a higher chance of getting hired than aspirants having any normal degree.
• Candidates should have a good command of English and Hindi language. 
• Apart from academic qualifications, some work experience or training in managing stores would be beneficial.

Prepare for Entrance Exams 

• After the completion of 10+2 exams, candidates must definitely look for entrance exams, and prepare for it. These entrances will begin their career of being a store manager from a recognized educational institute.
• As business and management studies are one of the most important subjects in the path of being a store manager, candidates can look for various entrance exams, which are conducted based on this. CAT, MAT, XAT, GMAT are the significant ones among them. Try to crack them by beating their cut off in the exam.
• Try to solve previous year’s questions if available, look for multiple books regarding these exams, and also you can take help of an experienced person, who has come through this recently.

Choose the correct College 

If you aspire to get admission in a recognized, as well as in a well-known college, then scoring good marks in the entrances is necessary. 

According to many experts, it is good to get admission in the prime government colleges, as they are simple, good lab facilities, as well as bear a lower course fee.

• Check the best colleges for being a store manager on the internet, and go through their placement opportunities, fee structure, which helps to understand how good that college is.
• Also make a note on the necessary documents you need during the time of admission process, which includes birth certificate, entrance exam valid scores, caste certificate, identity proof, and many more.
• Also have a look on how good the faculty of that college is. A good faculty matters the most which makes that particular course best in that college.

After Qualifying Entrance 

Colleges will pick up candidates and allot them based on the merit in their entrance exams. After this process, and getting admitted to the college, is the start of the journey to pursue your career. Bachelor’s degree in any relevant stream will vary from 3 to 4 years, which needs a lot of commitment.

• Before this, candidates must sit for that entrance exam, and qualify for admission, after scoring more than the cutoff figures, which is set by the authority.
• Final selection will be based on the candidate's efficiency in the interview phase, and how the candidates’ present themselves in group discussion.
• It is recommended to join internships, if available in the college, which will help you to gain work experience. This will also help you to deal with your future endeavors, as this working experience will be added to your resume.

Types of Store Managers 

A Store Manager may choose to work in different specialties available in the field of Retail Management. The following is a list of the various types of Store Managers:

Retail Buyer 

• These individuals are in charge of creating, sourcing, and presenting product chains based on the company's stores and consumer base. 
• They are in charge of the planning, management, selection, and purchase of commodities and commodities for retail stores. 
• They look for new products and evaluate old ones in order to keep the store competitive.

Warehouse Manager 

• Such professionals are in charge of ensuring that receipts are secure and efficient, as well as overseeing personnel and transferring warehouses. 
• The warehouse manager is in charge of all activities at that location, which frequently include monitoring team performance, expediting products receiving and shipping, and guaranteeing efficient, well-organized storage.

Department Manager 

• A department manager is in charge of the entire sales department's activities, oversees the workforce, and develops productivity-boosting techniques. 
• Recruiting and dismissing employees, defining and working toward strategic departmental goals, and managing a departmental budget is among their key responsibilities.

Retail Merchandiser 

• A retail merchandiser's job is to make sure that the proper amount of merchandise is available in the store and that it is sold at the proper price. 
• Merchandisers assist businesses in increasing sales and profitability by ensuring that retail and online stores are supplied with the correct products in the proper quantities. Stocking shelves, arranging and maintaining product displays, pricing things, and keeping track of store inventories are all examples of this.

How to be a Store Manager in India? 

If you want to work as a store manager, you'll need to make a decision regarding your professional path ahead of time. This decision begins in the 12th grade when you must select what your future steps will be if you choose to become a shop manager.

School Level Preparation 

• Now that you've decided to pursue a career in retail management, your training for it begins while you're still in high school. 
• If you want to be a store manager, it's best if you have a Commerce stream. Along with the Entrance Exams, you should also check for courses offered in this discipline at the undergraduate level while studying for your Board Exams. 
• Most institutions that offer undergraduate quality engineering programmes use a merit-based admissions system, so do well on your Board examinations to meet the universities' cut-offs.

How to Become a Store Manager after 12th? 

In order to become a store manager in India after completing the 12th grade, students must follow a set of procedures that will bring them to that goal. For your convenience, the following steps are listed below:

UG Level Preparation

• After high school, they can pursue a Bachelor's degree or simply a Certificate in Retail Management. 
• Despite the fact that retail management is a rapidly growing industry, just a few universities offer degree programmes in the discipline. 
• When looking for schools and universities, look for programmes in science and engineering that are well-known. 
• Internships in the relevant field may be available during your undergraduate degree, allowing you to gain valuable job experience in a real-world situation.

PG Level Preparation

• Begin your career as a store manager after completing your bachelor's degree. 
• With a master's or doctoral degree in retail management, you can advance your career, teach at a college or university, or even establish your own company. 
• As a PhD student, your research field will advance. These advanced degrees can help you improve your ability to develop engineering-based solutions to quality-related issues.

How to Become a Store Manager Abroad? 

Candidates can also pursue store manager as a career abroad. Check out the details below, on how to become a store manager abroad in the USA, UK, Canada.

USA

• If you want to pursue a career in Retail Management and become a Store Manager abroad, the United States is an excellent choice. 
• For students who want to become Store Manager in the near future, there are increasing opportunities in the field of Retail Management.
• The majority of Store Managers work full-time, though part-time or temporary work may be available depending on the employer's and the store's size.

Admission Process 

Check out the admission process for pursuing retail management courses in the USA below.

Educational Requirements

• The students are required to mention their marks obtained in the 10+2 qualifying exam.
• They must provide the marks obtained by them in the English proficiency tests like TOEFL or IELTS.

Other Requirements

• Letters of Recommendation

Top Colleges 

Canada

• Now when it comes to studying abroad, Canada is amongst the most chosen countries for the same. 
• Also, the education provided over here is famous among students due to several reasons. With nearly 2 million employees, retail is the largest employment sector in Canada. 
• Retail is becoming a world of extremes. Market share expansion focuses on either high-end luxury markets or value-based discount markets. 
• By 2026, 102,000 new retail management jobs are expected to be created. Hence, studying Retail Management Courses in Canada surely has benefits in the near future

Admission Process 

The admission requirements listed for Retail Management courses in Canada have been listed below for your reference: 

Educational Requirements

• Ontario Secondary School Diploma (OSSD) or equivalent-with 6 U or M credits in Grade 12 AND one of the following:

Other Requirements

• Proof of Maturity
• Undergraduate Degree or even a Diploma Degree
• 1 year work experience in the retail industry

Top Colleges 

UK

• The UK is indeed a good choice if you wish to study Retail Management Courses and work as a Store Manager. 
• Following completion of a retail management degree, a variety of job opportunities in a variety of sectors are available in the UK. 
• The retail industry is vast and vital to the UK economy, employing over three million people. 
• With an average starting salary of £30,000, the retail sector in the United Kingdom pays some of the highest graduate starting salaries. Some retail employers, on the other hand, pay significantly more. Hence, choosing this country to pursue your career in the Retail Management field will surely give you several benefits.

Admission Requirements

• An academic degree in any relevant stream. Candidates have to either show their 10+2 exam marksheet, or bachelor’s marksheet, counting upon the course they want to pursue.

Top Colleges 

Benefits of Career as a Store Manager 

The job of a Store Manager undoubtedly has certain advantages that entice applicants to apply for the position. These advantages are listed below for your convenience: 

Salary 

• In the most basic sense, salary is critical because the vast majority of people would not do their jobs if they were not paid for them. It is also critical to pay a fair wage for the labour that must be done. 
• Candidates who find lucrative employment as a Store Manager are initially paid about INR 2-5 lacs per year. However, the pay tends to increase with a piece of increased knowledge, skills and hard work in the concerned field.

Job Security 

• Job security provides employees with a sense of security and confidence, which leads to increased output. Job stability encourages loyalty and a desire to succeed, and the organisation benefits by gaining a dedicated and committed employee. 
• The job of a Store Manager is in the Department stores, export houses, retail outlets, manufacturers, and other similar businesses. 
• They may find employment in reputed private firms or even government agencies. Working anywhere in the world, they would surely have job security as Store Managers are necessary for every firm or organisation.

Scope  

• Currently, approximately 325 department stores, 300 new malls, and 1500 supermarkets are under construction. This demonstrates that the Indian retail market has enormous potential for growth. 
• Since the job of a Store Manager involves different areas of focus, there is surely a chance of an increased scope. They may explore various industries in which Store Managers are required such as Department stores, export houses, retail outlets, manufacturers, etc.

Skills Required for a Store Manager 

The various skills required for becoming a Store Manager have been mentioned below: