MBA in Supply Chain Management is a two-year course that deals with goods handling, managing services, product supervision, client relationships management, sales transport, logistics, and much more. The MBA in Supply Chain Management course aims to teach a practical understanding of supply chain management principles and their implementations. MBA Supply Chain Management graduates have high job opportunities to be a part of international firms as they move to the international level. It requires efficient management of resources and optimization of all processes.
|Full Form||Master of Business Administration in Supply Chain Management|
|Duration||Course Duration of Master of Business Administration [MBA] (Supply Chain Management) is 2 Years.|
|Age||No age limit|
|Minimum Percentage||Minimum of 50% average marks in under-graduation|
|Average Fees Incurred||INR 50,000 - 30 Lakhs|
|Average Salary Offered||INR 1.5 - 15 LPA (Source: PayScale)|
|Employment Roles||Supply Chain Manager, Brand Manager, Procurement Manager, Purchasing Manager, Procurement Officer, Logistics Manager, Marketing Executive|
According to Investopedia, supply chain management is defined as "The management of the movement of goods and services and involves all processes that convert raw materials into finished products. It requires the aggressive streamlining of a company's supply-side operations to optimize the consumer satisfaction and achieve a strategic market advantage."
The course aims to teach a practical understanding of supply chain management principles and their implementations. MBA Supply Chain Management subjects include marketing management, operations management, logistic management, managerial economics, strategic management, export trade, quality management, etc. The course has diverse job scopes in various sectors like finance, education, airports, transports, hospitality, government, healthcare, and much more. Listed below are a few supply chain management tools:
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Admission for MBA in Supply Chain Management course requires eligibility of a minimum of 45% - 50% academic aggregate marks in a 3-year bachelor's degree course in any degree from a reputed college or university. Students are expected to score a minimum percentage to apply for admission and to be available. Along with essential criteria, students must have cleared the standard entrance examination with good scores. There are no age limits for pursuing this course as it is open to students who meet the required criteria.
Admission procedures for MBA in Supply Chain Management course are on a merit basis, and the cut-off scores are earned in the entrance exams. The course falls under the umbrella of MBA, which is pursued by a large number of people. The management quota or direct admission is purely based on seats, which may vary according to the institution. Aspirants must satisfy the minimum eligibility criteria, a combination of bachelor’s degree and entrance exam scores. Listed below are the admission process in general:
The aspirants can either apply online or offline. Based on their merit or the score obtained in the entrance exams. National-level entrance exams can be used only online.
The applicants are shortlisted before entry to the program. The process flows with the universities administer counseling, personal interviews, group discussion rounds. Marks scored in related management entrance exams by students are taken into account. After an interview, deserving aspirants are allocated seats.
In management entrance exams conducted by various bodies, admission to top MBA institutions in India depends on the student's ranking. There are multiple forms of entrance exams for MBA aspirants, and they can choose the entrance exam they want to appear in depending on the level of difficulty and competition they are willing to face. The entrance exams conducted at the national and university level are as follows:
Admission criteria for many reputed colleges are based on cut-off scores in standard entrance exams. Some of the standard patterns of the entrance exams are listed below:
Listed below are the top colleges for MBA Supply Chain Management, according to NIRF ranking:
The average fee structure for MBA in Supply Chain Management ranges from INR 3 to 24 LPA, and it varies from college to college. Listed below is the fee structure of the top 5 colleges.
|Indian Institute of Management, IIM, Ahmedabad||INR 23 Lakhs|
|Indian Institute of Management, IIM, Bengaluru||INR 23 Lakhs|
|Indian Institute of Management, IIM, Kolkata||INR 23 Lakhs|
|Indian Institute of Management, IIM, Lucknow||INR 21 Lakhs|
|Indian Institute of Technology, IIT, Kharagpur||INR 19 Lakhs|
MBA in Supply Chain Management in India is a 2-year program consisting of 4 semesters. This course allows a student to gain experience in planning, implementing, and managing transport and goods & services matters.
Read More about MBA in Supply Chain Management Syllabus and Subjects
MBA Supply Chain Management is a specialization course focusing on chain supply management, logistics, statistics, procurement handling, goods supply track, and so on. Let's get to know about "why MBA in Supply Chain course is chosen?" with the aid of three simpler questions.
MBA in Supply Chain Management is a two-year management course that focuses on building a capable workforce within the country with a complete understanding of evolving Supply Chain scenarios to weigh and evaluate the effect of these changes on the domestic market. The essential subjects include managerial economics, production management, export and import management, and Shipping and maritime law. MBA in Supply Chain Management job scope is ample due to globalization that has brought about a growing 'connectivity' of industries, economies, people, and knowledge across countries. It is a technical degree designed to improve managers' capabilities and skills to work in the global economy.
Supply chain managers optimize process efficiency and productivity. Supply chain managers are responsible for supervising and overseeing the organization's overall supply chain and logistics strategy and operations.
Management: A supply chain manager is responsible for managing a corporation, or a company's division's machinery, hardware, and other logistical information. It is their responsibility to coordinate all the steps required to buy raw materials, distribute them to different business points, ensure that the company produces enough of its product to fulfill consumer demand, and deliver the product on time to the right destinations.
Maintaining Efficient Relationships: Maintaining efficient relationships with different government departments and regional assignment agencies.
Handling Finance Related Tasks: Compile financial statements and reports for the management to send the plan and evaluate various advertising campaigns and assist in creating new programs. They make and execute a range of training programs for leaders.
MBA Supply Chain Management course educates aspirants to plan the process and implement the process. Supply chain managers keep the process on track to avoid redundancy which saves time, money, and reputation of the organization. The main target for a supply chain manager is to maintain customer satisfaction consistently.
Career Growth: It's a small planet, and with ever-changing technology, it's only getting smaller. The economy today is truly global. When corporations manage more foreign transactions and acquisitions than ever before, employers are continually looking for employees with the expertise to oversee these transactions.
Job Availability in Diverse Sectors: Hence, it opens a diverse job scope to unravel and explore Supply Chain with a creative eye. MBA graduates should look forward to a wide variety of career openings in management, marketing, accounting, corporate finance, consulting, and even human resources.
Read More about MBA in Supply Chain Management Jobs
MBA in Supply Chain Management course deals with managing services, product supervision, client relationships management, purchasing goods, supplying goods, and much more. Given below is the list of preparation tips to pursue the course with ease.
The MBA in Supply Chain Management course is about understanding the business opportunities globally and getting to know about international finance's nuances. Students interested in higher education can pursue an Executive MBA or 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 course aspirants pursue after MBA Supply Chain Management:
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.
Read More about MBA in Supply Chain Management Salary
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:
Here the list of top recruiting companies:
To become the best supply chain manager, one should work on their strengths and weaknesses and change certain skills to shine uniquely. Working on specific skill sets is crucial, but aspirants should be strong in leadership qualities and administration skills to be the best management professional. Following are some important MBA in Supply Chain skills: