An MBA degree in Operations Management has been gaining a lot of acclamation around the world due to the rapid growth of E-Commerce. It helps to strengthen the knowledge base of the aspirants and imparts the required skill set which is essential for delivering innovative and effective solutions to complex business problems. It cultivates strong decision-making abilities and analytical skills in the minds of the aspirants which help them to take quicker and more reliable decisions.
What is Operations Management?
Operations Management fundamentally deals with the evolution, development, and delivery of products and services. This two-year postgraduate programme focuses on all the aspects of business processes, covering the whole life cycle of a product or service. It offers theoretical frameworks and analytical tools to enhance significant choices made during the planning and management of the entire operational process.
The various topics covered under the curriculum are Managerial Economics, Demand & Business Forecasting, Quantitative Techniques & Methods, Enterprise Resource Planning, Production Planning & Control, Material Management; and many more relating to the development of products and services.
They provide you with many future job opportunities which will help you to build a promising career in the industrial sector.
Why Pursue Operations Management?
Operations Management is an ideal career option for those students who are innovative and hold a good understanding of the development of various new processes and procedures. Let us throw some light on the benefits provided by an MBA degree in Operations Management-
1. Stay Up-to-Date with New & Emerging Technology
Individuals pursuing an MBA in Operations Management, can enhance their knowledge and skills as they will be working with innovative technology within a dynamic business environment. It will help them to overcome the challenges that they will be facing in the complex business environment.
2. Lucrative Job Opportunities
An MBA in Operations Management opens wide avenues for aspirants who have an interest in the Operations department of the organisation. Since the operations involved in the product evolution and development are connected with almost every department of the company, it is a great job opportunity for people aspiring to take up crucial roles in an organisation.
3. High Chances of Gaining Managerial Roles
After securing an MBA degree in Operations Management, the aspirants have a high chance of securing managerial and decision-making roles in the organisation. This is because Operations Management deals with the administration of various business practices involved to achieve the highest level of operational efficiency in an organisation.
4. Industry-Oriented Curriculum
The main aim of Operations Management is to execute corporate planning and techniques in the real business environment. The curriculum of the course is designed such that it helps students develop required skills and knowledge that are a prerequisite to work in a complex business environment.
Hence, an MBA in Operations Management is an ideal choice for students who want to pursue a career in production and planning. The department aims at assuring the success of the product and the service they offer in order to ensure the success of the organisation.
Scope of Operations Management
Graduates having an MBA degree in Operations Management have a wide range of job opportunities in front of them. Many top companies are looking to hire individuals holding an MBA degree in Operations Management. The field holds great importance as it not only increases organisational efficiency but it also helps in getting a competitive advantage. Some of the most promising job roles after securing an MBA degree in Operations Management include-
- Supply Chain Analyst
- Supply Chain Manager
- Strategy and Operations Manager
- Logistics Manager
- Production Planning and Control Manager
- Inventory Control Manager
- Warehouse Operations Manager
- Purchasing Manager
- Operations Consultant
- Marketing Operational Manager
Why Pursue a Distance MBA in Operations Management?
Distance MBA has been gaining wide popularity around the globe due to the numerous benefits it offers. It has become a good way to continue education and move ahead in career for those students who are unable to pursue a full-time MBA course due to time and location constraints. Other than this, there are many other benefits offered by a Distance MBA in Operations Management. These are:
1. Cost Effectiveness
A Distance MBA course is quite affordable compared to a conventional MBA programme. A large chunk of expenses such as travel costs, hostel fee, accommodation expenses, etc. are eliminated while pursuing a Distance MBA programme which makes it quite economical for many of us.
2. In-Depth Learning
The curriculum provides you with a comprehensive learning and a detailed viewpoint of the practical aspects of running a business. The course offers an advanced industry-oriented curriculum that trains you to deal with all the unprecedented challenges which await you in the complex business world.
3. Career Advancement Opportunities
After securing an MBA degree in Operations Management, an individual has a lot of job opportunities available to him. It guarantees lucrative packages and critical positions in top organisations. Thus, an MBA degree in Operations Management helps elevate the career of an individual.
What Will You Learn During the Course?
The curriculum of the course is designed such that it imparts in-depth knowledge about all the fundamental concepts of the field while also ensuring that the candidate gets ample opportunities to build the requisite skill set required to sail through the complexities of the continuously evolving industrial landscape. It helps you enhance your decision-making abilities and organisational skills.
The semester-wise syllabus of the course can be explained as follows-
|Semester I||Semester II|
|Management Theory and Practice||Business Communications|
|Organisational Behaviour||Essentials of HRM|
|Marketing Management||Business Law|
|Business Economics||Strategic Management|
|Financial Accounting and Analysis||Operations Management|
|Information Systems for Managers||Decision Science|
|Semester III||Semester IV|
|Operations and Supply Chain Strategies||World Class Operations|
|Enterprise Resource Planning||New Product Development and Managing Innovation|
|Total Quality Management||Lean Six Sigma|
|Project Management||Business: Ethics, Governance, and Risk|
|Procurement Management||Research Methodology|
|Service Operations Management||Project|
An MBA in Operations Management offers a plethora of job opportunities. It covers each and every dimension of the functioning of a business organisation, be it technical or managerial field. Hence, it offers you handsome salary packages and high designations. The various job roles available to you after the course can be explained as follows-
|Supply Chain Manager||A Supply Chain Manager is responsible for planning, organising, implementing, managing, and monitoring all the activities related to the supply chain strategy in order to maximise productivity and efficiency in the firm.|
|Logistics Manager||A Logistics Manager is responsible for the management and supervision of the movement, storage, and distribution of the supplies and materials in the company.|
|Production Planning and Control Manager||A Production Planning Manager is responsible for overseeing the daily production schedules and maintaining an adequate inventory level.|
|Inventory Control Manager||An Inventory Control Manager is responsible for implementing policies, objectives, and initiatives in order to ensure the delivery of high-quality goods and services to clients.|
Job Roles and Salaries
|Job Role||Average Salary (INR)|
|Supply Chain Manager||9.4 LPA|
|Logistics Officer||3.5 LPA|
|Production Manager||8.0 LPA|
|Depot Manager||4.0 LPA|
|Supply Chain Executive||3.5 LPA|
Future of the Field
Operations Management offers a promising career path to students pursuing an MBA degree in this specialisation. It provides you with job opportunities in different sectors such as Construction, Consulting Firms, Financial Institutions, Hospitality, Inventory, E-Commerce, Warehousing, etc.
Thus, it helps you to thrive for excellence and achieve an edge over your competitors. It makes an ideal career choice for individuals who wish to pursue an MBA degree.
Q1. What is the eligibility criteria to pursue an MBA in Operations Management?
Ans. You need to have a Graduation degree from a recognised institute with a minimum aggregate of 50% or more. However, the percentage may vary from university to university. Some institutes also grant admission on the basis of entrance exams such as CAT, NMAT, XAT, SNAP, etc.
Q2. What is an MBA in Operations Management?
Ans. MBA in Operations Management is a two-year postgraduate programme that imparts the required knowledge, training, and skills essential for the manufacturing of goods and services.
Q3. What is the average salary package after an MBA degree in Operations Management?
Ans. The career opportunities for an MBA degree in Operations Management are many. The average salary for the same is around INR 7.12 LPA.
Jagpreet is a Digital Marketing Expert and EdTech enthusiast. Having a total experience of over 11 years, he has been working in the Education industry for the past 6 years. Over the years, Jagpreet has mastered multiple trades such as Web Development, SEO, IT, Content Writing, Graphic Designing, etc. He is an extremely tech-savvy individual who loves gaming.