Online Retail Management Degree Programs

Retail managers use their communication and people skills to run a retail operation efficiently. Whether you're hoping to manage your own small business or work in a large, established company, a degree in retail management can give you the training you need to build a successful career. The number of industries that employ retail managers is as various as the products available in the consumer marketplace today. From storefronts that sell clothes, shoes, and books to larger warehouse-style outlets that sell cars, industrial equipment, and construction supplies, you will find retail managers plying their trade. Of course, the industry that expects the most growth, online retail, is a wild card which has an unknown potential for profit.

Future Employment and Retail Management

Retail managers already make up a significant portion of the nation's workforce, according to the most recent statistics released by the Bureau of Labor Statistics. The fact that job growth is expected to be small, at 4 percent over ten years, is no surprise. Nevertheless, many jobs will be available in retail. The largest growth is expected to occur in online retail, but the unpredictable nature of the industry makes projections regarding growth difficult. Many online operations are small and self-run, while others have non-traditional organizational structures. The well-educated manager will have the opportunity to tap into these new possibilities.

Retail Management College Degrees

Online degree programs in retail management teach relevant skills and may include courses in accounting, conflict resolution, communication, and relevant software programs. Business administration and economics are a large part of many degree programs. In addition, international retail is covered in some programs, making students aware of trends affecting key industries and untapped opportunities. Bachelor's degrees and master's degrees are both available online. Formal training in retail management has become increasingly popular in the industry. The Bureau of Labor Statistics (BLS) reports that large retail businesses typically prefer to hire college graduates as management trainees. The practical skills gained in a retail management course may be preferred or required by hiring managers in the field.

Graduates of Retail Management Career Training

Retail managers' salaries vary greatly by the type and size of their business, their experience and education, and other factors like the potential for earning commissions. According to the BLS, salaried supervisors of retail sales workers had median annual earnings of $33,960, including commissions, in 2006. Auto retailers employed managers who made twice that much on average. Self-employed retailers may enjoy significant profits; these numbers are difficult to estimate, but ownership has its privileges. The experience you gain in a degree program, whether online or at a brick-and-mortar school, will be helpful in setting up a retail organization of your own.

• Business
• Management & Leadership