Careers in FMCG

Tuesday, July 11, 2017 at 12am

Careers in the FMCG sector may be the right fit for candidates looking for exciting and dynamic work environments.

Most large retail and consumer products firms operate programs for new graduate and MBA recruits. These programs typically train and develop younger candidates from a wide range of disciplines for leadership and managerial roles. Trainees are usually exposed to all aspects of the business, from marketing and sales, to supply chain management, and accounting and finance. Industry experience is often an advantage in applying for these programs.

The FMCG sector represents a particularly dynamic arena for MBA hiring, involving retailers and the suppliers to retailers - Global powerhouses include P&G, Unilever, Nestle, Walmart, Tesco and many others. FMCG broadly covers retail goods with a short shelf-life, due to high consumer demand or rapid product deterioration. It includes such products as perishables and includes smaller household and fashion items. In the USA, an MBA is a standard entry level qualification for this sector, whilst in Europe and Asia, many graduates join training schemes, whilst MBAs join in junior management, brand marketing or finance roles. 

Various opportunities

Retail Buyers

Retail buyers are responsible for stock selection. To this end, they must understand their customers' tastes, and the types of products that sell well in their store. They must keep abreast of current trends and fashion, and be aware of the nature of the competition.

Retail Managers

Retail managers plan and coordinate the operations of retail outlets. They assume overall responsibility for ensuring the quality of customer service, the appropriateness of choices of inventory, and managing the finances. Their duties vary according to the size of the retail outlet. In a small organization, they may take direct responsibility for all aspects of supply chain management, retail service management and stock selection. In contrast, the managers of large organizations will liaise with appropriate section managers to ensure their activities are properly coordinated.

Supply and Distribution Chain Managers

Supply and distribution chain managers are responsible for planning and organizing all aspects of supplying the right products to the right store at the right time. They are required to manage the ordering and receipt of products from the supplier, the storage of goods, and the delivery of goods to the retail outlet.

Marketing Managers

Marketing managers research, plan and implement all aspects of an organization’s marketing. Their goal is to improve the image and profile of the organization, and to increase its sales and market share. They are required to understand consumer trends and demographics, to plan and coordinate advertising and publicity campaigns, and to advise executives on advertising and marketing strategies.

Finance Managers

Finance managers will have an MBA with focus on cost accounting, or will take a cost accounting qualification alongside their work. Many graduates in this function take an MBA to accelerate their career progression and differentiate themselves (or to move into a different function). In early days, work involves producing management accounts in time for reporting cycles. With seniority, the role transitions in to cost saving and change management projects to improve overall profitability of the organization.

Originally posted on www.topmba

 

In other news

  • MBA Recruiter Interview: Jody Mullen, L.E.K. Consulting

    When you ask MBAs what they plan to do on completing their degree, no small percentage will say the same thing: consulting. However, this by no stretch of the imagination means that they will have identical experiences – so much depends on the firm for which one works for a start. Take L.E.K. Consulting, an international strategy consulting firm ranked 12th in the Vault Consulting 50. .. Read more >>

  • Which Consulting Firms Have the Best Work/Life Balance?

    Management consulting firms have long been a firm favourite with MBAs. Every year, the high salary, rapid career progression and prestige that come with an elite firm such as McKinsey & Company tempt at least one-third of MBAs at top schools to work in the industry. But there are downsides. Work-life balance, or lack thereof, is an enduring criticism of.. Read more >>

  • Study Apps to Get You Through Your MBA

     If there’s one thing you need for success at business school, it’s organization. Thanks to technology, this no longer means file dividers and sticky notes and hours of highlighting. Your phone is your best friend in the business school world, and luckily, we’ve summarized the top study apps to help.       Organizing.. Read more >>

Follow our link

Latest Tweets