MBA In Logistics & Supply chain Management: Careers, Market Trend, Growth, Salary & Top B-Schools

• The market growth is very demanding for MBA in Logistics and Supply Chain Management postgraduates as it provides faster answers to business questions, Insights into customer behavior as well the report of on-demand business metrics. 
• Today MBA in Logistics and Supply Chain Management is also considered as a capstone specialization. 
• Supply Chain is regarded as a market mediation tool that physically links suppliers-production-storage-transportation. It also focuses on new information technology, architecture, and enterprise services for building strategic supplier “partnering for success”.
• As the main focus of the course of MBA in Logistics and Supply Chain Management is managing the entire process of developing a link between the manufacturing unit and the consumers; the companies are constantly looking for resourceful employees.
• With the advancement of globalization, the demand for supply chain professionals has increased significantly from manufacturers, retailers, logistics service providers, and several other sectors.
• According to a speech delivered by the Finance minister Nirmala sitharaman, movement of goods is the biggest challenge in India’s logistics ecosystem and a unified logistics interface platform is a great step in converting India into a data rich logistics country.
• According to a speech delivered by the Finance minister Nirmala Sitharaman in Budget 2022-2023 recently, movement of goods is the biggest challenge in India’s logistics ecosystem and a Unified Logistics Interface Platform (ULIP) is a great step in converting India into a data rich logistics country. According to Fortune India, India incurs the highest logistic cost (14%) in the world as a percentage of GDP in comparison to the likes of US and Germany (8%-9%). She also announced a scheme called ‘one station one product’ as well as a logistics interface platform allowing data exchange among all mode operators. Supply chain and social commerce companies believe that these initiatives could be a game-changer.

• As per Economic Times, the President Ram Nath Kovindin in his address to a joint session of Parliament stated that since 2016, there have been 60,000 startups across 56 sectors. These startups have created more than 6 lakh jobs. There were more than 40 unicorn startups in India in 2021, each with a minimum market valuation of Rs 7,400 crore ($1 billion).
• The main job positions in this sector are Logistics, Business Development Executives, Research Officer, Material Manager, Sales officer, etc. Though, postgraduates in Logistics and Supply Chain Management are typically recruited as a Management Trainee and Front Line Supervisor and Analyst.
• For the growth of career, they can choose the designation of Logistics, Manager and Director, Teacher & Professor, Executive Director & Head, Manager & Director, Sale-purchase Assistant Manager, Material Manager, etc.
• MBA in Logistics and Supply Chain Management spreads across all sectors in the industry such as Operations Management, Procurement / Purchase and Inventory Management, IT & ERP, Logistics and purchasing, etc.
• Supply chain specialists also can engage in functions such as product development, forecasting, and strategic planning. 
• Also, this career option holds lots of opportunities. Candidates in this field generally can start as general operations manager and they can reach as high as becoming the vice president of the operations department in an organization.
• A Nasscom-Zinnov report said Indian startups raised a record $24.1 billion in 2021. India, accounting for 70 unicorns, added a record number of new unicorns (42) in 2021 across 18 sectors, third highest after the US and China, with a cumulative valuation of newly-added unicorns standing around $90 billion. This data shows a significant surge in supply chain industry and MBA in Logistics and Supply Chain Management professionals will get ample opportunities in post-covid era.

The subjects that are taught for an MBA in Logistics and Supply Chain Management are:

• Principles of Management and Organizational Behavior
• Human Resource Management
• Research Methods for Management
• Operations Management
• Quality Management
• Quality Techniques, etc.

• After completing the course, students can prepare themselves as an entrepreneur or a career in the field of logistics analysts, sourcing specialists, global supply analysts, purchasing managers, etc.
• They can go in the areas of operation management, Procurement / Purchase and Inventory Management, IT & ERP, Logistics and purchasing, etc.

• As a business development manager, candidates have the responsibility to enhance the organization’s market position for achieving financial growth.
• As a research officer, students can coordinate with colleagues and check that all ventures and errands are on the plan.
• As Material Manager, students are in charge of the materials stream and of keeping control and accuracy over all products inventories, including all transactions, planning, procurement, scheduling, warehouse, cost, receiving and dispatching.

• A recent study from the “Inter-city Logistics Market Study” estimates that the Indian logistics market will grow by 8 percent annually over the next five years, making it a USD 330 billion market by 2025.
• The salary for postgraduates in Logistics and Supply Chain Management depends on their job roles, organizations, and sectors. 
• As per research, a research officer in this field can avail Rs 4,00,333/- per annum, also a material manager can get Rs 6,66,487/- per year.
• An average base salary of a Master of Business Administration (MBA), Logistics & Supply Chain Management Degree is 692k/ year, according to Payscale.
• As per this report, final placements at the country’s leading business schools are seeing one of the strongest seasons ever despite the ongoing third wave.

The top companies that offer the job for MBA in Logistics & Supply chain Management is:

• Larsen & Toubro Ltd.
• Anchor Electricals
• Biomax Fuels Ltd
• Accenture
• Nokia
• Toyota
• Proctor & Gamble DTDC
• Adobe
• HCL
• IBM

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