One of the most common specializations among the majority of business schools is an MBA in operations management. Pursuing an MBA in Operations Management offers a global perspective on industry trends to meet client demand. For instance, Amazon mastering the rapid delivery of the products at a standard time that all companies need to meet.
Some of the best business schools understand this change and offer specialization in operations or any other related field such as logistics. A Master of Business Administration in operations management is generally for 2-year.
The primary function of operations is to deliver reliable, predictable services and products. This means you are trying to minimize the variations in what you are producing so that the customers know they can rely on the consistency of your product. Here is where Lean Six Sigma comes to play. MBA Operations Management is a two-year management course focusing on planning, organizing, and supervising the launching of products or services.
MBA Operations Management is becoming more important with the growth of E-commerce. High production abilities and the need for spreading all products across the planet provide great scope for MBA Operations Management.
MBA Operations management admission process is similar to other MBA specializations. Students need to pass MBA entrance exams such as CAT, MAT, GMAT and they will get colleges according to the marks they score.
MBA Operations Management: Course Details
- MBA in Operations Management is chiefly concerned with the planning, organizing, and supervising aspects of production and manufacturing. The function of operations management involves turning an organization’s resources (materials, labor, etc.) into products and services.
- Students can pursue either full-time MBA Operations Management (2 years), or opt for Executive programs if they want to work right after graduation and also specialize in operations.
- Executive MBA Operations Management programs for working professionals who have work experience of 2-5 years after graduation are provided by IIMs.
- 50% marks in graduation are the minimum requirement for admissions, along with variable prerequisites like work experience, cut-off scores in MBA Entrance Tests, etc.
- The course curriculum of MBA Operations Management is divided into four semesters and industrial training starts at the start of the second year.
- Fees to pursue MBA in Operations Management range between 3 – 27 lakhs depending upon the college. IIM Udaipur and IIM Raipur are affordable options for pursuing MBA operations management from IIMs.
- MBA Operations Management has a positive career outlook. As of now, more than 7581 jobs are listed on Naukri.com for operations managers.
MBA in Operations: Eligibility Criteria
- A Bachelor’s degree in any discipline or an equivalent qualification with a minimum of 50 percent or equivalent CGPA from a recognized university
- In most of the government as well as private colleges, there is score relaxation for SC/ST candidates
- For pursuing an Executive MBA in Operations work experience of three-five years is necessary
Why Study MBA Operations Management?
There are various reasons for studying operations management, which will help you to build a good career. Check them in the points below.
- Productivity is one of the best things, for which one should pursue a career in operations management. Operations management ensures proper staffing of the employees to the resources so that they can get the maximum result. Operations management is one of the best ways to ensure productivity.
- One of the best benefits to pursue operations management as a career is having good compensation. The average salary of an operations manager in India is INR 7,63,559, according to the payscale. It is much higher compared to the average annual salary of MBA Marketing and MBA HR, which are INR 67,95,45, and INR 69,41,74, respectively.
- One of the best advantages of pursuing a career in operations and management is gaining flexibility between jobs and sectors. This means, a degree in MBA in operations and management, will make you learn everything and the entire process of sourcing your raw materials and the process of manufacturing and providing that end product to the various customers.
- Apart from providing multiple opportunities, operations management is also a secured job and with no dearth of opportunities. Every organization needs a particular individual who will be able to streamline their activities eventually resulting in maximum profit.
- Having a respected job in renowned companies is the desire of many individuals. An MBA in operations management enables you to work in some of the renowned companies like Amazon, Deloitte, Apple, and various other multinational companies.
Scope of MBA in Operations Management
An MBA in operations management personnel is responsible for overseeing the company’s operations by ensuring they’re efficient and effective. They are the backbone of the company’s day-to-day operations and help in delivering quality products/services at the right cost and on schedule.
If we must describe it in one sentence, then operation management is all about executing the corporate strategy on the ground.
A graduate with an MBA in operations management is primarily concerned with planning, organizing, and supervising in the context of production, manufacturing, or providing services. It is a delivery focussed discipline that requires analytical as well as organizational skills.
In the present scenario, operations excellence is the key to survival. Besides, LinkedIn has nearly 40,000 job listings with the words “operational manager,” which indicated the need for them. Companies like Airbnb, Lyft, Amazon, etc. are already operating with well-defined operational excellence to win the market share.
Operations management has grown in scope and increased in importance. Besides, efficient organization operations are a vital tool in achieving competitive advantage.
Who Should Study MBA Operations Management?
MBA Operations Management courses offer jobs to the candidate in various verticals of the industry as well as various job roles. Students who want to become purchasing managers, inventory coordinators, operations consultants, warehouse operations managers can pursue MBA in Operations Management.
- Students interested in managing production, analyzing the market requirement, and meeting customer expectations should pursue MBA operations management.
- Those who have an interest in product development and customer relations can choose operations management over other fields in MBA.
- Professionals who are already associated with production and customer services can pursue an executive MBA in operations management for a career boost and salary hike.
- Those who want to specialize in planning, managing operations, market strategy, managing customer relationships and learn these skills can pursue MBA after graduation in operations management.
It’s a common misconception that MBA in Operations management leads to working in the only manufacturing industry, which is not valid.
An MBA in operations is suitable for roles in diverse sectors such as wholesale trade, e-commerce companies, pharmaceuticals, and many more. Common job titles offered to MBA graduates in operations include:
- Purchasing manager
- Inventory coordinator
- Warehouse operations manager
- Logistics/supply chain manager
- Operations consultant
- Sales or marketing operational manager
- And many more
Skills required to pursue a career in Operations
Some of the most common skills required in operations are Data processing skills, conflict management skills, people management skills, project management skills, and many more. Besides, with the increasing importance of innovation in business, skills in production-oriented operations management are highly marketable.
According to Inc.com, an organization needs to design a system that is capable of producing quality services and goods within a time frame.
Thus, if you are planning to pursue your career in operations management, you should be able to:
- Design the system
- Implement it
- Plan and Forecast demand
- Manage the system
Best Business Schools for MBA in Operations in 2021
Here are the best business schools for MBA in Operations Management:
- Massachusetts Institute of Technology (Sloan School of Management)
- Carnegie Mellon University (Tepper Business School)
- The University of Michigan – Ann Arbor (Ross School of Business)
- Stanford University – Stanford Graduate School of Business
- Purdue University – West Lafayette (Krannert School of Management)
- University of Pennsylvania (Wharton School of Business)
- Georgia Institute of Technology (Scheller College of Business)
- Ohio State University (Fisher College of Business)
- Northwestern University (Kellogg School of Management)
- Columbia University (Columbia Business School)
Graduates in MBA Operations have a plethora of job roles to choose from. Since it deals with both technical and managerial aspects of business, managers get attractive designations and handsome salary packages.
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