As a graduate, you have the freedom to specialize in whichever field you like. When faced with a variety of MBA specialism options, an MBA in Supply Chain Management is one of the best courses to pursue, especially if you want to learn more about a business unit’s logistics and back-end operations.
One of the most exciting fields to specialize in is supply chain management. We have been able to stimulate more work prospects in this industry as a result of fast-changing technology, and so the need to specialize in the supply chain has become clear for the youth. Supply chain management is a broad topic that covers a variety of themes and encompasses a large range of concepts. Transportation management, warehousing, lean supply chain, performance-based logistics, strategic sourcing, constraints management, demand management, and supply chain networking design are some of the topics covered in this curriculum.
Why MBA in Supply Chain Management
MBA in supply chain management is concerned with overseeing the complete process of establishing a relationship between a manufacturing unit and its customers. A supply chain management course is beneficial in providing learners with in-depth knowledge of logistics and supply chain functions.
Companies are always on the lookout for professionals that can identify the proper level of investment that is required to increase profitability in the organization. Manufacturers, merchants, logistics service providers, and a variety of other sectors have increased their demand for employees with qualifications in supply chain management as a result of globalization.
MBA Logistics and Supply Chain Management: Advantages
MBA Logistics & Supply Chain Management will teach you how to manage production processes and client interactions.
- It will enable you to gain a thorough understanding of logistics and supply chain activities, as well as national and worldwide markets. It is a fast-paced sector that now spans the globe.
- Candidates can work on anything from product development through delivery.
- Supply chain manager, logistic coordinator, business manager, commercial manager, and other positions for MBAs in logistics and supply chain management will be available.
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Scope of Supply Chain Management
Even individuals who are already working professionals are drawn to a supply chain management program. This demand has arisen from those who wish to pursue a master’s degree in order to advance their professional abilities. It’s because supply chain management has a lot of potentials and provides a lot of benefits for working people.
The curriculum allows students to develop a better grasp of the importance of supply chains and will assist applicants in learning about both international and domestic markets. As a result of this training, a person can expect to go out into the world with a better comprehension of the facts. This knowledge would enable people to look at things from a different perspective. Another advantage of getting an MBA in supply chain management is that there is something new to learn virtually every day. As a result, it gives applicants an excellent chance to study and explore. It is true that if you choose to, you will not feel bored or monotonous.
Career Options after MBA in Supply Chain Management
Once you’ve completed an MBA program in supply chain management, your employment options will undoubtedly expand. You will be exposed to a variety of opportunities, particularly in the areas of planning and policymaking, motivation, assessment, product development, and inventory control.
The size of the organization will also influence the learning opportunities available to you in this profession. If the company is huge, you will be responsible for the entire management of the company; if it is little, you will be responsible for the supply chain department’s specific regions. Product development, forecasting, and strategic planning are all responsibilities that are handled by supply chain specialists. MBA graduates typically start as general operations managers and work their way up to vice president of an organization’s operations department. Becoming a logistics engineer and/or a quality analyst are two further alternatives available to them at their discretion.
Pay Packages offered for MBA in Supply Chain Management
A professional in this industry might earn anywhere from 3.5 lakhs and 30 lakhs per year. It is determined by the mix of skills and knowledge you have gained over the course. You must be tech-savvy, able to work under pressure and have a strong commitment to the job at hand. These characteristics are extremely significant in determining your potential and success. In the table below, you’ll find a list of average salary packages:
|Career Option||General Operations Manager||Logistics Engineers||Quality Analyst|
|Educational Background||Bachelors and MBA SCM||Bachelors and MBA SCM||Bachelors and MBA SCM|
|Percentage of Job Opportunities||21%||19%||11%|
|Average Salary/annum||Rs. 3,89,189 -10,25,000||Rs. 8,50,000 -15,20,000||Rs. 15,00,000 -26,00,000|
Due to the high demand for specialists in this industry, a lot of colleges are offering specialized courses with MBAs in Supply Chain Management. The following are some of the most well-known Indian universities in this field:
- JK Business School
- GNVS Institute of Management
- School of Management, SRM University
- Aditya Institute of Management Studies and Research
- New Delhi Institute of Management
- Institute of Future Education Entrepreneurship and Leadership
- NMIMS NGASCE Mumbai
- Asian Business School
- Indian Business School of Advanced Management Studies
- Albertain Institute of Management
- Mahendra Institute of Technology
A number of universities in other countries also offer supply chain management expertise. The following are a few of them:
- The University of Tennessee at Knoxville – Haslam College of Business
- Arizona State University – W. P. Carey School of Business
- Purdue University – Krannert School of Management
- Rutgers Business School – Newark and New Brunswick
- ETH – Zurich – Swiss Federal Institute of Technology
- NUS Business School, National University of Singapore
- Michigan State University – Eli Broad Graduate School of Management
- MIT Sloan School of Management
- Northeastern University – D’Amore-McKim School of Business
- Penn State – Smeal College of Business
Students pursuing an MBA in supply chain management are typically eager to work for organizations that employ supply chain specialists. The following are some of the Indian companies that are always looking for supply chain management professionals:
- Cadila Pharmaceuticals Limited
- Dr. Reddys Laboratories Ltd.
- Oracle India Pvt. Ltd.
- Suguna Foods Private Limited
- Golden Opportunities Pvt. Ltd.
- Datawind Innovations Pvt. Ltd.
Some international firms that offer opportunities for placement in supply chain management include:
- Coca Cola
- Mc Donald’s
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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.