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Degree Overview: Bachelor of Science (B.S.) Degree in Business Administration (Retail Management Concentration)

Majors Overview April 28, 2014

The Bachelor of Science (B.S.) degree program in Business, with a concentration in retail management, can help those seeking to manage an established retail business or open their own retail store. Students will be taught techniques to lead a retail business efficiently and maximize sales.

Bachelor of Science (B.S.) Degree Programs in Business Administration

Students enrolled in Business BS programs with retail management concentrations are helped to develop interpersonal communication skills and taught to write and speak professionally. They are trained in the application of business techniques and theories of the financial, accounting and marketing aspects in a retail setting. Management applicants are expected to possess bachelor’s degrees by an increasing number of retail businesses.

Educational Requirements

Typically, individuals seeking enrollment into this program are required to satisfy minimum GPA requirements of 2.0 by many colleges; however students with a GPA of 3.0 are given preference. Students in many business schools are required to complete prerequisite classes in statistics, accounting and economics before being allowed to enroll into a BS in Business. Those who have demonstrated leadership skills through extracurricular activities and community involvement are given priority consideration at selective schools.

Coursework

Participation in a retail work experience is often a course requirement for a BS in Business program with retail management concentrations. Core coursework includes subject areas such as:

•Finance
•Business ethics and legalities
•Analyzing financial performance within a business
•Strategies for leading an organization
•Techniques for driving sales
•Buyer behavior
•Retail supply-chain operations

Job and wage Outlook

A slower-than-average job growth rate of 8% has been predicted for first-line retail sales supervisors during the decade from 2010 to 2020 (U.S. Bureau of Labor Statistics). In 2012, first-line supervisors of retail sales workers took home an average annual wage of $41,450.

Continuing Education Choices

A graduate from a BS in Business with retail management concentrations may opt for continued education by enrolling in a Master of Business Administration (M.B.A.) program. An MBA program may help develop a student’s skills toward a specific retail-oriented field, such as merchandising, logistics, loss prevention, marketing and fashion. Often, non-MBA master’s degree and graduate certificate programs offer these fields of study.

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