MBA in supply chain management is one of the most adventurous fields to specialize in. It is because of the rapidly changing technology that we have been able to spur more job opportunities in this field and hence the need to specialize in supply chain has become evident for the youth. Supply chain management is not a limited subject as it covers a number of topics, catering to a wide spectrum of concepts. Some parts of this program include transportation management, warehousing, lean supply chain, performance-based logistics, strategic sourcing, constraints management, demand management and supply chain networking design. Some best place apart from India to pursue this course includes Dubai, Sydney and Singapore.
Why MBA in Supply Chain Management
MBA supply chain management focuses on managing the entire process of developing a link between manufacturing unit and the consumers. A course in supply chain management is helpful in providing the learners an in-depth knowledge about the logistics and the supply chain functions. The course is very fruitful because in today’s complex business environment it will helps the clients to:
The companies are constantly looking for professionals who can be resourceful in identifying the right amount of investment that is required for enhancing profits in the business. With the advent of globalisation an increased in the demand of personnel possessing qualifications in supply chain management has increased significantly from manufacturers, retailers, logistics service providers, and several others sectors.
Scope of Supply Chain Management
A program in supply chain management attracts even those who are already working professionals. This demand has been arising from those aspirants who are willing to pursue their masters to gain an edge in their professional qualifications. It is because there is a lot of potential in supply chain management course and it reaps multiple advantages for working professionals. The program provides the learner an opportunity to gain an understanding of the importance of the supply chains and it would help the candidates to acquire knowledge of both international and national markets. Thus, through this course an individual can expect to venture into the world with an additional understanding of the facts. This understanding would aid them analyse things with a wider perspective. Another positive factor that MBA in supply chain management offers is the fact that there is something new emerging in it, almost every day. Thus, it provides a good opportunity for the aspirants to learn and explore. It is a fact that you would not feel dull and monotonous if you decide to pursue MBA in supply chain management.
Career Options after MBA in Supply Chain Management
The career opportunities are definitely going to broaden once you have completed a course in MBA in supply chain management. There are a several opportunities that you will come across, especially in the field of planning and policymaking, motivation, evaluation, product development and inventory control. The size of the company would also determine the opportunities that you can avail for learning more about this field. If the company is quite large then you get to focus on overall management of the company and if it is not then you would get to focus on the specific areas of the supply chain department. There are multiple supply chain specialists who are engaged in functions such as product development, forecasting and strategic planning. MBA graduates, in general, start as general operations manager and can reach as high as becoming the vice president of operations department in an organisation. The other options at their discretion include becoming a logistics engineer and/or quality analyst.
Pay Packages offered for MBA in Supply Chain Management
A professional in this field can earn from 3.5 lakhs to as high as 30 lakhs per annum. It depends on the combination of the skills and the knowledge that you have acquired through the course. You need to be tech-savvy, work under extreme pressure, and must have dedication towards the tasks in-hand. These factors play a very important role in identifying the potential and progress that you have in store for you. A list of average pay-packages has been given below in a tabular form:
|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|
A number of universities are offering specialization course with MBA in Supply Chain Management due to the soaring demand of professionals from this field. Some of the most popular Indian universities in this genre include:
- JK Business School
- Aditya Institute of Management Studies and Research
- GNVS Institute of Management
- School of Management, SRM University
- Institute of Future Education Entrepreneurship and Leadership
- School of Petroleum Management
- New Delhi Institute of Management
- Asian Business School
- Indian Business School of Advanced Management Studies
- Albertain Institute of Management
- Mahendra Institute of Technology
There are a number of universities abroad as well, that support supply chain management specialization. Some of them are listed below:
- Purdue University – Krannert School of Management
- Rutgers Business School – Newark and New Brunswick
- ETH – Zurich – Swiss Federal Institute of Technology
- The University of Tennessee at Knoxville – Haslam College of Business
- NUS Business School, National University of Singapore
- MIT Sloan School of Management
- Arizona State University – W. P. Carey School of Business
- Michigan State University – Eli Broad Graduate School of Management
- Penn State – Smeal College of Business
- Northeastern University - D'Amore-McKim School of Business
Students pursuing MBA in supply chain management are usually willing to become associated with those companies that hire supply chain professionals. List of some Indian companies that constantly absorb supply chain management professionals include:
- Suguna Foods Private Limited
- Cadila Pharmaceuticals Limited
- Dr. Reddys Laboratories Ltd.
- Oracle India Pvt. Ltd.
- Golden Opportunities Pvt. Ltd.
- Datawind Innovations Pvt. Ltd.
Some international firms that offer opportunities of placement in supply chain management include:
- Coca Cola
- Mc Donald’s