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. 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. 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.
Course Content
The course consists of several topics such as
Quantitative Techniques & Methods, Corporate Environment, Business Skills
Development, Business Skills Development, Summer Training Project, Business
Policy and Strategic Management, etc. The core subjects of 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. Candidates can also avail job positions such as Operations Manager,
General Operation Manager, Plant Manager, Supply Chain Program Manager, etc.
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.
Here we are providing a chart of salary for
various posts under Operation Management:
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
|
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. The main
sectors are Consulting Firms, Construction, Hospitality, Information
Technology, E-Commerce, etc.
Top Colleges that offer MBA in operation Management
The top colleges that offer MBA in Operation Management are:
· Indian Institute of Management, Bangalore
· Symbiosis Institute of Business Management
· Xavier Institute of Management and Entrepreneurship
· ISME ( International School Of Management Excellence )
· Ramaiah Institute of Management (MSM)
· Regional College of Management Bangalore - RCMB
· IIBS - International Institute of Business Studies, International Airport
· REVA University, Bangalore
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