MBA (Supply Chain Management)

MBA (Supply Chain Management)

The MBA in Supply Chain Management is a two-year management course covering cargo handling, service management, product supervision, client relationships management, sales transport, and logistics which requires efficient management of resources and optimization of all processes. MBA in Supply Chain Management graduates have many job opportunities to join international companies as they move internationally.

The MBA in Supply Chain Management course duration aims to teach a practical understanding of supply chain management principles and their implementations. The MBA in Supply Chain Management includes Marketing Management, Operations Management, Logistics Management, Managerial Economics, Strategic Management, Export Trade, Quality Management, etc. . The MBA in Supply Chain Management course details diverse job scopes in various industries such as finance, education, airports, transportation, hospitality, government, healthcare and more.

MBA in Supply Chain Management is for students looking to master the analytical and management skills needed for inventory management, demand, and supply of goods, use of inventory, and providing appropriate customer service. The two-year management program provides appropriate knowledge about inventory management, warehouse, and storage systems. 

Upon completing the postgraduate Course, students can opt for industry analysts, global logistics managers, transportation managers, international logistics managers, or project managers. In addition, the postgraduate program trains professionals to keep track of the inventory and accounts receivable. The demand for supply chain managers is increasing because of the promising opportunities this field offers.

Course Highlights

(i). MBA in Supply Chain Management is suitable for students who wish to acquaint themselves with advanced insight into the functioning of various operations, logistics, transportation, and supply management, in addition to business management skills.

(ii). Besides imparting a conceptual understanding of this sector, the program provides students with a platform to enhance their analytical, logical, and critical thinking qualities.

(iii). The duration of the program is 2 years and the average fee for the course is around 1.5 Lakhs per year.  MBA graduates specializing in supply chain management usually work with government and private organizations, manufacturing companies, E-commerce, retail, and consulting firms.

Eligibility Criteria

MBA in Supply Chain Management eligibility criteria requires a minimum of 45% - 50 academic aggregate marks in a 3-year bachelor's degree course from a reputed college or university.  Students are expected to score a minimum percentage to apply for admission and to be available. In addition to the essential criteria, students must have passed the standard entrance exam with good grades. There are no age limits for pursuing this course as it is open to students who meet the required criteria.

(i). The candidates who have done graduation in Engineering and Non-Life Sciences such as Maths/ Physics/ Commerce/ Statistics/ Economics/ B.E/ B. Tech/ B.Sc. (PCM)/ are preferred to get enrolled in this course.

(ii). The candidates who have the capacity to execute Project Planning, Cost Efficiency, and Optimization Techniques.

Fee Structure

The average MBA in Supply Chain Management fees ranges from INR 3 to 24 LPA, and it varies from college to college. Listed below is the fee structure of the top MBA in Supply Chain Management colleges.

Accepted Entrance Exams

A list given below includes some accepted entrance exams are as under:

Admission Process

The admission process for MBA in Supply Chain Management is carried out by considering the merit score of the student in their graduation and the percentile scores in one of the entrance exams followed by a personal interview conducted by the college.

The detailed stepwise admission process to apply for MBA in Supply Management Course is given below:

Step 1: Entrance Exam

Select your target college and apply for its entrance exam such as CAT, XAT, MAT, GMAT, etc. Among these, CAT is considered to be an important entrance for MBA admission.

Step 2: Shortlisting of Candidates

Students are shortlisted on the basis of scores obtained in the entrance exams. After clearing the Cut-off list generated by the college, students are called for GD/PI.

Step 3: Final Admission Round

Colleges conduct these three rounds to further test a candidate’s ability and skills:

(i). Group Discussion (GD)

(ii). Written Ability Test (WAT)

(iii). Personal Interview (PI)

In order to perform well in the above-mentioned rounds, you should Prepare for the GD Rounds and have good communication skills, good general knowledge, current affairs, and self-confidence to impress the panel with your personality and knowledge.

Skills Required

The list given below includes some required skills as under:

Types of Master of Supply Chain Management

If you choose to study a Master of Supply Chain Management, you have a couple of different delivery options:

(I). Masters of Supply Chain Management

Traditional Master of Supply Chain Management programs tends to be one year in length, delivered on campus. You’ll study a wide range of topics, including logistics, procurement, risk management, and supply chain strategy, along with general management topics.

These programs often give students the chance to take part in study trips, placements, and on-site projects with local companies.

(ii). Online Masters of Supply Chain Management

You can also choose to study your Master of Supply Chain Management online. Online programs cover the same core curriculum, but you’ll be expected to undertake more independent study.

Although conducted remotely, online programs still offer students the opportunity to participate in group work and some have a residential component. A top-level online Master's in Supply Chain Management is offered by the USC Marshall School of Business. This option is aimed at working professionals who want the flexibility to combine work and study.

(3). MBA Logistics Management Course Comparison

Strategic Business Administration, analytical work Business Administration and logistics and operation are some aspects that are covered in the MBA Logistics Management curriculum. The table that follows compares extra courses to the MBA Logistics Management program.

MBA Logistics Management v/s MBA Supply Chain Management

Top Colleges

MBA programs in supply chain management can be available at a wide range of educational institutions across the world. Admission is based on previous academic performance and admission test scores. The table below highlights some of India's best MBA in Logistics and Supply Chain Management schools.

Popular colleges offering MBA in Supply Chain Management

There are many highly prestigious B-schools in India that offer this course. Below is a list of the top 5 MBA colleges providing full-time 2-year MBA in Supply Chain Management courses:

Top Government & Private MBA in Supply Chain Management colleges in India

India's government higher education institutions, which are among the best in the world provide MBA in Supply Chain Management. 

A number of private academic institutions offer MBAs center in Supply Chain Management, countries. Academic achievement and entrance exam results are being used to decide admission. We have come up with a list of some of the best private MBA in Supply Chain Management programs in India.

The table below contains a list of some of the best government & Private universities for an MBA in  Supply Chain Management programs in India.

Job & Placements

What can you do with a Master's in Supply Chain Management? In short, you can do a lot of things! Graduates get jobs in a variety of roles, typically in areas such as logistics, planning, and procurement. Technology is an important area where graduates of the Masters in Supply Chain Management find themselves, but more pathways include consulting and entrepreneurship, where grads can leverage their project management and teamwork skills.

 "The career paths of Master of Supply Chain Management graduates are as varied as the alumni," comments Kaci of Michigan Ross.“From technology to consumer packaged goods to the automotive industry, Michigan Ross alumni can be found at leading companies around the world. Students began their postgraduate career paths as analysts, procurement specialists, product or project managers, and consultants. " 

Common jobs for Master of Supply Chain Management grads include: 

Top Recruiters

MBA in Supply Chain Management pass outs get ample opportunities to work in top firms of India. Some renowned companies that recruit Supply Chain Management employees every year are tabulated below:

Salary

MBA in Supply Chain Management Salary in India average is INR 15 LPA. An entry-level Supply Chain Manager with less than one year of experience can expect to earn an average total compensation of INR 3.03 LPA.

Expected salary after MBA in Supply Chain Management in India

Expected salary after completion of the course and on basis of experience and skilled persons are as under:

Career/ Scope

A Master of BA in Logistics and Supply Chain Management abroad gives you a great career commencement and leads to a broad scope for development and skills. Diverse job profiles with lucrative salaries are available, and you can pursue other qualifications to enhance your skills and knowledge.

Career Options after MBA in Supply Chain Management

As the world is narrowing day by day, and economic interdependence between countries is growing, supply chain managers' demand is also rising. Due to companies and the industry's increasing demand, an MBA in Supply Chain has become one of India's most favored advanced MBA courses. It has now become a core area of research offering strong career growth prospects. Some MBA Supply Chain jobs profiles are as follows:

Scope

The modernization in the supply chain processes results in the demand for professionals who are good at managing logistics and supply chain processes. These professionals can bag a managerial position in the fast-moving area of businesses having limitless opportunities. The candidates can work with Global organizations like Toyota, HP, Tata, Reliance Group, etc. Candidates get a chance to accelerate their careers in supply chain management and logistics by practically enhancing their skills during the 2-year professional Course—the ones opting for the course experience salary enhancements just after course completion.

Scope of MBA in Supply Chain Management for Higher Education

The MBA in Supply Chain Management course is about understanding business opportunities globally and getting to know about international finance's nuances. Students interested in higher education can pursue an Executive MBA or a Second MBA. If they wish to study something further, they can pursue M.Tech or Ph.D. in Business Management or equip themselves with Supply Chain certification courses. Listed below are the courses aspirants pursue after MBA in Supply Chain Management:

FAQs

(1). Is supply chain management difficult to study?

Ans: Working in supply chain management is both demanding and rewarding. Supply Chain Management places you at the center of the business operations, allowing you to handle everything from packaging to shipment. That fascinates a large number of people.

(2). What are the eligibility criteria for an MBA in  Supply Chain Management?

Ans: An MBA in Logistics & Supply Chain Management requires a bachelor's degree in any specialization from a recognized university.  

(3). What are the skills required for an MBA in Logistics & Supply Chain Management?

Ans: Communication Skills, Strategic thinking, Organising skills, Leadership Skills, Business Knowledge, and Interpersonal Skills are some of the skills required for an MBA in Logistics & Supply Chain Management.

(4).  Does supply chain management pay well?

Ans. Yes, after completing MBA in Supply Chain Management you can start earning as high as INR 6-8 LPA. After getting industry experience, you can earn up to INR 20 LPA. Check MBA in Supply Chain Management Jobs to get more idea about the average salary scale of different job profiles.

(5). Is supply chain a good career?

Ans. A career in Supply Chain Management is considered to be one of the perfect jobs for you if you love challenges and want customer satisfaction in the delivery domain. Companies such as Flipkart, Starbucks, H&M, PepsiCo, etc. are top companies in the global supply chain and pay up to INR 2030 LPA for different profiles of leadership positions. Check MBA in Supply Chain Management Future Scope for more details. 

(6). What can I do after my MBA in Supply Chain Management?

Ans: After graduating with a degree in MBA in Supply Chain Management, graduates can take up roles such as Operations Manager, Sourcing Manager, Supply Chain Manager, Facility Manager, Logistics Analyst, etc.

(7). Is MBA in Supply Chain Management hard?

Ans: MBA in Supply Chain Management relies heavily on soft skills like negotiation and teamwork along with hard skills like statistics. Therefore, it can be a challenging subject for some people.

(8). What is the average salary of an MBA in Supply Chain Management graduate?

Ans: The average salary of an MBA in Supply Chain Management graduate is INR 3.5 LPA.

(9). How to prepare for a degree in Supply Chain Management?

Ans. In order to prepare yourself for supply chain management you can do so in the following ways:

(I). You can go for a certification program related to supply chain management.

(ii). Start building your network. Join a supply chain management professional organization and attend conferences, seminars, etc. 

(iii). Read books that will give you current perspectives on Supply Chain Management.

(10). What are some of the best colleges for an MBA in Supply Chain Management in India?

Ans; Some of the best colleges for an MBA in Supply Chain Management are the University of Petroleum and Energy Studies, Chandigarh University, IIM Lucknow, IMT Ghaziabad, and SPJIMR, Mumbai.

(11).  What is the duration of the MBA in Supply Chain Management Course?

Ans: The Course is completed in the duration of 2 years

(12). Is it possible to pursue a Ph.D. after completing an MBA in Logistics & Supply Chain Management?

Ans: Students who have completed an MBA in Logistics & Supply Chain Management degree can apply for a Ph.D. in Logistics & Supply Chain Management program.