MBA In Operations Management: Careers, Market Trend, Growth, Salary & Top B-Schools
MBA in Operation Management mainly deals with planning, organizing and supervising in the contexts of production, manufacturing or the provision of service. Operation Management deals with an expanded role of decision-making tasks such as product designing, forecasting, supply chain processes, inventory, maintenance, and quality management, etc. In this article, we will discuss the market growth and trends, career growth, jobs after MBA in Operations Management, salary, top companies that offer job opportunities in MBA in Operations Management, etc.
Market Growth and Trends
- Recently, organizations are giving a lot of value on Operation Management. It opens the door for various sectors such as Construction, Consulting Firms, Financial Institutions, Information Technology, Manufacturing & Retail, E-Commerce, Warehousing, etc.
- According to Hindustan Times, A 100% placement rate was achieved in the first phase of placement for the outgoing batch of 2020-22 at the Indian Institute of Technology, Kanpur (IIT-K) under the department of industrial and management engineering (IME).
- Candidates can expand their responsibilities as per market growth and trends such as store operation management, customer management, supplier management, logistics, and warehousing management, etc.
- MBA in operation management is very trending as students of operation management need to handle different parts of the business. It is a discipline with multiple facets attached to it. The main part of Operation Management is associated with supply chain management and logistics.
- Lots of different branches are an integral part of this specialization. Students who are ready to face all sorts of challenges that come across in operation management, then this field is meant for their progress in future and career growth.
Career Growth
- One of the best parts of Operation Management is that candidates can go for any industry and thus multiple options and opportunities exist for them.
- Students who are specialized in Operation Management can be an integral part of the IT industry or insurance. Finance, HR, hospitality, retail, and construction are the other available options.
- The most common category students in Operation Management finds in their job roles are logistics manager and/or supply chain manager.
- Being a consultant is a second option for the students who are completing the degree of Operation Management.
- MBA in Operation Management holds multiple options for the students and students are sure to reach the pinnacle of the organizational hierarchy at some of the renowned designations.
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Course Content
The course consists of several topics which are listed below:
- Quantitative Techniques & Methods
- Corporate Environment
- Business Skills Development
- Business Skills Development
- Summer Training Project
- Business Policy and Strategic Management, etc.
The core subjects of MBA in Operation Management are:
- Human Resource Management
- Marketing, Finance
- Information Technology
- Operation Management/Material Management, etc.
Jobs after MBA in Operation Management
The core jobs after completing MBA in Operation Management are:
- Production Management.
- Operations Management.
- Operations Strategy.
- Demand and Business Forecasting.
- Inventory Control.
- Total Quality Management.
- Project Management.
- Operations Scheduling.
- Quantitative Techniques, etc.
After successful completion of MBA Operation Management course from any reputed MBA Operated colleges in India, candidates can also avail job positions such as Operations Manager, General Operation Manager, Plant Manager, Supply Chain Program Manager, etc.
MBA Operation Management Salary
- The salary depends on the various job positions in different organizations. The average starting salary of a Logistics Manager is INR 3.6 lakhs/year and it can expand up to 15-20 lakhs/year.
- As per the Placement Report 2021 of IIM Bangalore, IIMs and other leading Management Schools in India have registered a modest 5% increase in average salary packages for MBA in Operation Management professionals.
Here we are providing a chart of salary for various posts under MBA in Operation Management:
- According to Payscale, the average MBA in Banking and Finance salary in India is INR 487k/year.
- As per Glassdoor Data (as on February 2022), the median salary of MBA Operation Management professionals in India is INR 4,02,822/yr
| Career | Median Annual Salary* |
|---|---|
| Operations Manager | Rs. 7.8 LPA |
| Supply Chain Program Manager | Rs. 8.74 LPA |
| Area Operations Manager | Rs. 6.02 LPA |
| Plant Manager | Rs. 16.68 LPA |
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Top Companies
The top companies that offer employment opportunities for MBA graduates in Operation Management are:
- Ernst & Young
- JP Morgan Chase
- Amazon India, Accenture
- Adecco
- L&T, KPMG, etc.
As per the latest report of Glassdoor, other top 10 MBA Operation Management recruiters for entry level job (MBA Operations Manager) after completing MBA in Operation Management programs in India are as below:
- Infosys
- TCS (Tata consultancy Services)
- Accenture
- Wipro
- GlaxoSmithKline
- Cognizant Technology solutions
- Cisco Systems
- Shell
- Deloitte
- Axis Bank
The main sectors are:
- Consulting Firms
- Construction
- Hospitality
- Information Technology
- E-Commerce, etc.
Top Colleges that offer MBA in operation Management
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Top Colleges in Bangalore offering MBA in Operations Management
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MBA in Operations Management: FAQs
What is the scope of an MBA in operations management?
The primary focus of an MBA in operations management is on planning, organizing, and supervising production, manufacturing, or service operations
What is the average salary of MBA Operation Management Professionals?
According to Payscale, the average MBA in Banking and Finance salary in India is INR 487k/year.
What is an MBA in Operations Management?
A Master of Business Administration in operations management is generally for 2-year. An MBA in operations management is primarily concerned with planning, organizing, and supervising in the context of production, manufacturing that deal with production and service delivery.
Are operations managers in demand?
The employment of operations managers is projected to grow 9 percent from 2021 to 2030.
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