Many students are considering an MBA in Retail, and that’s no surprise: Retail and consumer goods are huge businesses. By some estimates, in 2018, the size of the global retail industry was over $20 trillion, driven by behemoths like Walmart, Home Depot, and Costco, as well as by e-commerce retailers such as Amazon and firms in the fast-moving consumer goods (FMCG) segment. Of course, these and other organizations are heavy recruiters of MBA graduates.
Unlike for other industry areas, MBA programs don't often offer specialized curriculum in these industries; you’ll find very few business schools offering specialized MBAs in Retail or Consumer Goods. This is why most students who want to break into retail, out of necessity, pursue general MBA programs. And that’s not usually a big deal, because most of the management knowledge that’s important to the retail industry is generally included in the core MBA curriculum.
However, a few business schools do offer specialized MBAs in the Retail or Consumer Goods industry. These programs typically cover a number of topics, from consumer insights to buying and retail strategy. Some of these programs may often touch on specific sections of the industry, including fashion retailing or grocery.
Depending on their interests, students may also opt for relevant functional concentrations like operations management or marketing, and find networking opportunities through research centers and student clubs.
The list below includes top business schools offering MBA programs in Retail or Consumer Goods, as well as those that place well in the industry.
Wisconsin’s MBA program in Brand and Product Management gives students a solid background in marketing, consumer behavior, and other topics important to the sector. MBAs can leverage Wisconsin’s Center for Brand and Product Management to find internships and jobs. In recent years, more than 20 percent of the class of the school’s MBA class has gone into the consumer products sector.View School Profile
About mid-way between Chicago and Cincinnati, students at Purdue – Krannert are close to some of the biggest consumer goods companies in the Midwest, including Proctor & Gamble. Students take advantage of this proximity: 22 percent of 2018 MBA grads went into the consumer goods industry.View School Profile
Although Smeal doesn’t offer an MBA in Retail, that hasn’t stopped students from going into the sector: nine percent of the MBA class of 2018 did just that (not to mention the 14 percent who went into the consumer products sector). Retail operations like The Gap and Amazon have recruited grads in recent years.View School Profile
Over the past few decades, Oxford's “Institute of Retail Management” has established itself as one of the premier retail-oriented research centers in the UK. For MBAs, the center offers a specialized eight-week elective course in retailing.View School Profile
About 15 percent of Schulich’s 2018 MBA graduates went into the retail, packaged goods, and consumer services industries. Recruiters include many large Canadian-based retailers and multinationals, like Sears Canada and Loblaws.View School Profile
Even though Carlson does not offer an MBA specialization in Retail or Consumer Goods, this doesn’t mean that the school doesn’t places in these industries: of the MBA class of 2018, 15 percent went into the consumer packaged goods sector.View School Profile
Thirteen percent of Broad’s MBA class of 2018 went into the consumer products industry. Graduates are regularly recruited by large firms like Sears and Mattel.View School Profile
The Fisher College of Business’ Nationwide Center for Advanced Customer Insights produces research that’s relevant to students interested in the retail or consumer goods sectors. Of the school’s 2018 MBA cohort, 14 percent one into the consumer products sector and six percent went into retail, snapped up by firms like Ascena Retail Group and Bath & Body Works.View School Profile
India’s fast moving consumer goods (FMCG) sector is huge, and is growing every year. ISB graduates are realizing this: some nine percent of the 2018 PGP grads went into the sector, an increase over previous years.View School Profile
Through Kelley’s Center for Education and Research in Retailing, MBAs can get hooked up with potential employers and attend relevant events. Although the school does not offer an MBA specialization in retail or consumer goods, 16 percent of the class of 2018 went into these sectors.View School Profile