(1). About the Course
MBA in Material Management is a two-year postgraduate control direction that offers the designs and plans for collecting, distributing, storing, and handing over uncooked substances and services. MBA in Material Management graduates have excessive task possibilities inside the IT, vehicle, and retail control sectors.
MBA in Material Control in India is the incorporated functioning of the diverse sections of an employer managing the delivery of substances and allied sports to gain the most coordination. The MBA Material Management direction's purpose attracts insights into why matters happened, what's going to happen, and what must be executed for the solution. MBA in Material Management syllabus especially gives planning, organizing, controlling, and main substances.
The term 'material' refers to workplace supplies, mail, food, construction products, uncooked substances, wastes, and services. After graduation, college students have excessive task scope in diverse fields inclusive of IT companies, logistics, and vehicle industries. This direction falls beneath the umbrella of the MBA direction.
The departments facilitating MBA in Materials Management are licensed with the aid of using UGC, AICTE, NBA, and AMBA. The price of this direction can begin from INR 50,000 to 10,00,000 at the same time as the location package deal is INR 8,00,000 for MBA Jobs. The positions which are supplied too MBA college students like that of Purchase Manager, Strategic Planner, and Materials Analyst.
What is Material Management?
Materials Management is the grouping of control capabilities that guide the waft of substances from buying and manufacturing of substances to the making plans and manipulation of labor in technique to the warehousing, shipping, and distribution of the completed product. Materials Management entails stock control, price analysis, storekeeping, maintenance, and maintenance of the inventories in hand and technique.
The purpose of substance control is to deliver a non-stop chain of manufacturing-associated additives in order that matters can be produced and added to customers on time. Materials control goals to assure seamless outflow and the influx of substances even as lowering warehouse inventory levels. Materials control additionally refers to creating superior use of the to-be-had resources. It is a specialization in MBA provided with the aid of using a number of the chosen institutes in India. The route has the finest call for inside the production enterprise proper now because its bureaucracy is the mainstay of the enterprise inside the Materials Management field.
Since materials management is an essential part of management, hence a master's degree in it can open new doors for the aspirants. Highlights of the MBA Materials Management are given in the tabulated form below with basic information related to it.
|Course Name||Master of Business Administration in Materials Management|
|Course Duration||2 years|
|Examination type||Semester based|
|Eligibility Criteria||60% in the last qualifying examination in BBA|
|Age||No age limit|
|Admission Process||Entrance Test & Personal Interview|
|Course Fee||INR 2,00,000–10,00,000|
|Average Salary||INR 5,00,000-7,00,000|
|Employment Areas||Inventory Manager, Business Development Manager, Asset Manager, Corporate Manager, Senior Consultant, Market Research Analyst, Marketing Executive, and Operations Manager|
|Top Recruiters||GlaxoSmithKline, Raymond, PepsiCo, Hyundai, Mahindra & Mahindra, Future Group, Maruti Suzuki, Ford, SAIL, Nestle, HUL, DTDC, Himalaya, ITC, Reliance Industries Ltd, etc.|
|Job Profiles||Purchasing Manager, Supply Chain Manager, Quality Manager, Logistics, Inventory Manager, Materials Manager, Materials Supervisor, BD Manager, Asset Manager, Corporate Manager, Senior Consultant, etc.|
MBA in Materials Management offers a platform to construct the progressive minds of hundreds of talented students to manage materials like raw materials, work-in-progress materials, and finished goods materials.
(i). MBA in
Materials Management degree flows around several disciplines before choosing
(ii). In this 2-year program, the students are prepared to be job ready with the immediate completion of the course.
(iii). They are offered jobs in the role of Packing and Distribution Management, Export and Import Trade, Total Quality Management, and Inbound and Outbound Logistics.
(iv). The continuous adaptive learning by expanding the skill set in response to the new developments and changing environment.
(v). Immediate first-hand application i.e. Planning, Organizing, Leading, and Controlling is the highlight of this course. Students get to learn and perform that is how the curriculum is set up.
(vi). It is a practical work-based subject so it needs improvement in their performance during the course by analyzing the subject.
(vii). The average annual salary can be from INR 6,50,000 to 10,00,000.
(2). Admission Process
MBA in Material Management admission system in India is designed to pick out students' personalities owning a spirit of exhilaration and the functionality to pursue this course. Students are required to fulfill the minimum eligibility standards which may be both thru front examination rankings or on a benefit foundation at the commencement percentage.
Acquiring an MBA degree, it's far an important step the scholars to analyze the admission system.
Types of MBA in Materials Management Courses
The materials Management course deals with a thorough study of material-related activities and how to carry them out in a cost-effective manner. Communication and negotiation skills required for the material industry are imparted through the course to the students. The main goal of the material manager is to reduce the cost without compromising the quality, the hank to do that is taught in materials management courses. Understanding of the function that increases the profitability of a business organization is inculcated into the students. The importance of the materials department in an organization is understood well by the end of the course and candidates develop themselves as able managers in the evolving materials industry.
Aspirants can pursue the MBA in Infrastructure Management path in a full-time, part-time, or distance path.
Distance Education schools permit college students to earn their ranges whilst running. This is often the maximum adaptable form of diploma application. An MBA in Materials Management isn't always supplied as distance education.
Part-time ranges permit the scholar to finish their diploma application on their personal time. The path is established for running professionals. Colleges do provide an MBA in Materials Management as a part-time path.
A full-time MBA in Materials Management is a standard application. During this time, college students ought to attend classes, put up assignments, and take assessments on campus. When enrolled in a full-time MBA in Materials Management path, college students advantage of greater exposure, experience, and information by interacting immediately with colleagues and faculty.
The eligibility criteria for MBA in Materials Management are almost similar across all universities in India. The candidates must have one of the following degrees as mentioned below:
Bachelor’s degree in BBA or degree in any other stream recognized by the
University Grants Commission is the minimum requirement.
(ii). A Bachelor's degree in BBA/B.Tech/BA/B.Sc is demanded by some colleges.
(iii). Candidates must have scored at least 60 percent marks in the last qualifying examination.
(iv). CAT, GMAT, and other national MBA entrance exam scores are accepted in many colleges and universities across India.
(v). Eligibility criteria vary from college to college.
Institutes in India take into consideration the last qualifying examination i.e. Graduation Degree as well as their own entrance examination for admission to an MBA in Materials Management.
(i). The top
universities especially the Indian Institute of Materials Management conduct
entrance examinations while the private institutions conduct their own admission
test and interview sessions.
(ii). While some universities have a direct admission system on the basis of the weightage of marks in the UG degree/Diploma and 10+2 score.
Accepted Entrance Exams
Students opting for MBA in Material Management can appear for the entrance exams for getting admission to top colleges and universities in India. The choice procedure might be primarily based totally on the merit basis, relying on his commencement percentage. The decided college students can seem for GD (Group Discussion) and PI (Personal Interview). Listed underneath are the MBA in Material Management front exams:
The skills required by the students would be very helpful in letting them get great jobs. They ought to construct an excellent talent set with the intention to regulate in any discipline requested. Some of the required skills are written below:
|Professional||Organizational skills||Ability to work under pressure|
|Goods handling||Problem-solving||Business handling|
|Communication||Time management||Client relationship management|
|Self-confident||Decision making||Team leadership|
|Business Acumen||Must be research oriented||Strong Mathematical skills|
|Management skills and leadership quality||Analytical Thinking||Eye for detail|
The MBA in Material Management is a two-year course, and it consists of 4 semesters. According to the colleges and their rankings, the average MBA in Material Management fees ranges from INR 5 LPA to 25 LPA. Some of the MBA in Material Management colleges are listed below according to their fees structure:
|Name of College||Total Fees (INR)|
|IIM Lucknow||Rs. 19,00,000|
|IIM Kolkata||Rs. 23,00,000|
|SIBM, Pune||Rs. 23,00,000|
|IIM Bangalore||Rs. 23,00,000|
|IIM Ahmedabad||Rs. 23,00,000|
All shortlisted college students after the institution dialogue will seem for a private interview with the aid of using a college/college expert. After the private interview, college students can confirm their college/college documents, after which after, they are able to pay their expenses and check in their names for the very last admission.
(3). Course Comparison
MBA in Material Management v/s MBA in Actuarial Science
Given below is the course comparison of the MBA in Material Management with the MBA in Actuarial Science:
|Parameters||MBA in Material Management||MBA in Actuarial Science|
|Course Overview||MBA in Materials Management deals with all the materials-related activities in an organization such as logistics, inspection, supply, standardization, and proper storage.||MBA in Actuarial Science is a specialized professional course where mathematical and statistical skills are fundamental in order to risk in the insurance and financial sector.|
|Course Fee||INR 3-8 LPA||INR 1-20 LPA|
|Admission process||Admission is mainly done on the score in the entrance examination like self-conducted exams by the universities like XAT, GMAT, and CAT.||The admission is finished via way of means of following the doorway exam like CAT, SNAP, and GMAT.|
|Eligibility Criteria||Minimum aggregate of 60% in BSc or BTech with more than a few years of experience.||60-70% marks in bachelor's Degree.|
|Top College||IIMM, Christ University, Jain University||Shankarlal Khandelwal Arts and Science College, Bishop Heber College, Chidambaram Pillai College|
|Average Annual Salary||INR 4,00,000-8,00,000||INR 5,00,000-7,00,000|
|Job Profile||Materials Manager, Inventory Manager, Purchase Officer, Materials Supervisor, and Sourcing Manager.||Actuarial Modeller, Quantitative Analyst, Actuarial Analyst.|
(4). Top College
These are a number of the pinnacle universities for MBA Materials Management in India with the geographical location, fees, and annual predicted revenue noted as follows:
|Name of College||Average Annual Fees(INR)||Location|
|Amity School of Distance Learning||Rs.64,000||Noida|
|International School of Management Sciences (ISMS)||Rs.4,50,000||Bangalore|
|Crescent Institute of Management (CIM)||Rs.1,12,500||Bhopal|
|Xavier School of Management||Rs. 5,00,000||Jamshedpur|
|SVPMs Institute of Management (SVPMIM)||Rs.79,500||Pune|
|Christ University||Rs. 3,00,000||Bangalore|
|Indian Institute of Materials Management (IIMM)||Rs.80,000||Ahmedabad|
|National School of Business||Rs. 4,30,000||Bangalore|
|Indian Institute of Materials Management (IIMM)||Rs.80,000||Delhi|
|Indian Institute of Materials Management||Rs. 8,00,000||Kolkata|
|Birla Global University||Rs. 7,00,000||Bhubaneswar|
|Indian Institute of Materials Management||Rs. 8,00,000||Trichy|
Top MBA in Material Management Colleges by NIRF
MBA in Material Management is one of the pinnacle-rated publications with inside the cutting-edge trend, and let's see the pinnacle MBA in Material Management schools in India in keeping with NIRF:
|Name of College||Average Fees (INR)||NIRF Ranking|
|IIM Bangalore||Rs. 23,00,000||1|
|IIM Ahmedabad||Rs. 23,00,000||2|
|IIM Calcutta||Rs. 23,00,000||3|
|IIM Lucknow||Rs. 19,00,000||4|
|SIBM Pune||Rs. 23,00,000||20|
(5). Job & Placements
The generation of employment opportunities will be rising as the world is suffering from resource crises and Materials Management is a long-term sustainable solution to the problem. The top three nations that will create more jobs in this field which are China, India, the US, and Germany.
students may join Institutes as faculty or a researcher (Doctoral Research
Committee)or they may choose to work independently.
(ii). The employment areas are TATA, IBM, Godrej, ITC, Hindustan Unilever, Future Group, and DTDC as a Purchase Manager, Strategic Planner, Materials Analyst, and Supply Chain Manager.
(iii). Big shot companies like Microsoft, Google, and Amazon offer a position known as Sustainability Regional Lead with a very competitive base salary, annual bonus, stock, and good benefits exchange.
Candidates can better understand their career goals and aspirations with the aid of job descriptions and profiles. An excellent job description outlines the requirements and responsibilities of the position for potential candidates. Below are some significant job roles and profiles.
|Job Profile||Job Description|
|Materials Analyst||A Material Analyst’s important task is to layout deliver motion plans for the company, control transport, export, and import, etc.|
|Inventory Manager||To maintain inventories of all transactions, procurement, and planning.|
|Strategic Planner||A Strategic Planner works to form the company’s enterprise strategy. They plan and investigate a company’s performance. Research and data analysis to inform business decisions are conducted by a strategic planner.|
|Warehousing Manager||The Warehousing Manager’s main role is the processing of transport of the product as per orders and liaising with buyers on daily basis. They also are required to educate the workforce and delegate responsibilities besides, retaining facts about finances and transactions in the warehouse.|
|Purchasing manager||A Purchasing manager seeks quality vendors or suppliers to provide quality goods at a reasonable price. They are responsible for negotiating prices and contracts and reviewing technical specifications for raw materials, components, and equipment which are also a purchase manager’s responsibilities.|
|Sourcing Manager||The sourcing Manager's role includes managing the company's supply portfolio, implementing strategies for sourcing and category management effectively, analyzing and calculating costs of procurement, and finding ways to cut costs.|
|Procurement Manager||A Procurement Manager is a delivery chain and logistics expert focusing on making sure cost-powerful buying of all substances and services.|
|Commodity Manager||The commodity Manager keeps the document of commodities and plans an approach that helps the company’s delivery chain and controls costs.|
|Supply Chain Manager||A Supply Chain Manager manages each level of manufacturing flow, from shopping uncooked substances to the shipping of the very last product.|
|Material Manager||A Material Manager’s task obligations encompass making sure cloth flow, first-rate control, and keeping inventories of all transactions, procurement, planning, scheduling, cost, warehouse, receiving, shipping, etc.|
|Purchase Manager||The job of a purchase manager is to maintain purchase records of the raw material, equipment, and supplies. They are also assigned the duty of preparing and processing purchase requisitions and hiring and managing the staff of the department.|
Top recruiters for Materials Management are leading global firms, manufacturing industries, shipping, corporate companies, and many more. Names of a few top recruiters are as follows:
|Pepsi Co||Hindustan Level||Accenture|
|Zenith Computers||Marico||HCL & ACC Limited|
MBA in Material Management graduates can get positioned in businesses like Accenture, IBM, Cognizant, Tata Consultancy Services, HP, American Express, etc. The common MBA in Material Management profits in India is about INR 7,00,000-8,00,000 PA.
Below is a listing of the not-unusual place process descriptions which can be available, in conjunction with an estimate of their respective annual profits levels. The quantity underneath is an approximation; real programs range primarily based totally on quite a number of factors, inclusive of the candidate's qualifications and paintings experience.
|Job Profile||Average Annual Salary(INR)|
|Purchase Manager||INR 5,00,000-7,00,000|
|Strategic Planner||INR 7,00,000-10,00,000|
|Sourcing Manager||INR 8,00,000-10,00,000|
|Supply Chain Manager||INR 6,00,000-8,00,000|
|Materials Analyst||INR 4,00,000-7,00,000|
|Materials Manager||INR 5,50,000 to 8,00,000|
|Procurement Manager||INR 6,00,000-8,00,000|
|Inventory Manager||INR 3,50,000 to 6,00,000|
|Warehousing Manager||INR 5,00,000-7,00,000|
The key to success in Materials Management is the ability to get funded and the ability to management of Logistics and Materials Quality which will keep growing a Master of Business Administration but money solely cannot be the driving force in this field.
(i). The fact
that research and the hunger to know and find out about new developments with
complete authority while working is what pushes an MBA Materials Management to
go for higher studies, they voluntarily choose to be a part of the ecosystem by
becoming a full-time researcher and a part-time professor.
(ii). The consolidated fellowship is INR 40,000 to 65,000 per month while in India the fellowship can be starting from INR 33,000 per month
(iii). Few well-known universities around the world famous for their Materials Management Departments where candidates can pursue their MBA are the University Of Manchester, Imperial College London, University of Wyoming, Nottingham Trent University, University of Glasgow, and Monash University among a few.
Career Options after MBA in Material Management
Material Management can be implemented in the industry to find a real-time solution to the problems faced in logistics and supply chain management. This course has its importance in business that can help you to live your dream. After opting for an MBA in Material Management, you can get employment opportunities for the following job titles:
(ii). Materials Manager
(iii). Materials Supervisor
(iv). Supply Chain Manager
(v). Purchasing Manager
(vi). Quality Manager
Scope for Higher Education
Students completing MBA Material Management courses can get hired in professional groups like ITC, TATA, Wipro, IBM, and Infosys Group. MBA in Material Management graduates can also choose to pursue their higher education like Ph.D. in Supply Chain Management or pursue certification courses related to Material Management.
Skills that Make You the Best Material Manager
MBA in Material Management scope is rising in a current trend, and thus taking up an MBA Material Management course and learning skills can help you in advance for your future career. By Master of Business Administration Material Management, you will gain the following skills:
(ii). Relationship building
(v). Decision making.
(vi). Detail spotting
(1). What is an MBA in Materials
(2). What is the fee structure in
public and private colleges?
(3). What is the average annual salary
of a Material Manager after completion of an MBA?
(5). What are the skills required to
be an effective materials management graduate?
(6). What is the duration of the
Ans. The duration of the course i.e. MBA Materials Management is two years.
(7). What makes Material Manager the
(8). Name some entrance examinations
which are accepted by reputed institutes.
(9). What are the key responsibilities
of a materials manager?
(10). What is the most sought-after
(11). What are some of the areas of
specialization in this course?
(12). What is the admission process
for this course?