Scope of MBA in Operations Management

 

Scope of MBA in Operations Management

 

An MBA in Operations Management is a specialist degree that focuses on organizing, planning, and managing various elements of production, manufacturing, and service delivery. Graduates of the program will have the abilities and knowledge required to increase organizational performance overall by streamlining processes, maximizing efficiency, and optimizing effectiveness. It addresses subjects including supply chain management, logistics, quality assurance, project management, and process improvement. Numerous employment prospects in sectors like manufacturing, retail, healthcare, logistics, and consultancy are available with an MBA in operations management.

Graduates can work as project managers, operations managers, supply chain analysts, and production planners among other positions. Because of their capacity to promote operational excellence and raise productivity, individuals with this degree are in high demand.

What is an MBA in Operations Management

An MBA in operations management is a graduate degree that instructs students about business procedures, workflows, logistics, operations, and product creation. A two-year management program called the MBA in Operations Management focuses on organizing, planning, and managing the introduction of new goods or services. With the expansion of e-commerce, MBA operations management is becoming increasingly significant. MBA Operations Management has a lot of potential due to high production capacities and the requirement to distribute all products globally.

Why Choose an MBA in Operations Management

There are several advantages and reasons to choose an MBA in Operations Management as your speciality program. Here are several major justifications:

1. Global perspective: Pursuing an MBA in Operations Management equips graduates to comprehend and successfully negotiate the complexity of the global marketplace by giving them a broad view of market trends and customer expectations.

2. Professional Options: Graduates of this degree have a variety of professional options in fields like manufacturing, retail, healthcare, logistics, and consulting. They may explore careers as operations managers, supply chain analysts, production planners, and project managers.

3. Great Demand and Competitive Salaries: Due to their capacity to optimize productivity, streamline operations, and maximize efficiency, professionals with an MBA in operations management are in great demand. Due to this need, businesses offer competitive pay and room for growth.

4. Specialized Knowledge and Skills: The program provides graduates with the expertise needed to efficiently plan, coordinate, and oversee many parts of production, manufacturing, and service provision. They gain knowledge of project management, process improvement, quality control, and supply chain management.

5. Impact on Organizational Performance: The program's main objective is to improve overall organizational performance by fostering operational excellence. Graduates are prepared to develop and put into practice methods that enhance operations, cut costs, and raise customer satisfaction.

MBA in Operations Management - Eligibility & Entrance Exams 

Candidates must receive a decent score on any national admission exam to enrol in an MBA in Operations Management program at some colleges. Different cut-off scores could be used, depending on the category preferences and reputation of a college. There are no age limitations for enrolling in this course because everyone who meets the qualifications is qualified.

To be eligible for admission to the MBA in Operations Management program, interested applicants must complete the following requirements:

  • To be eligible for the MBA operations management course, candidates must have graduated or be in their last year of graduation.
  • Their grade at graduation ought to be at least 50%. IIMs and IITs, two prestigious institutions, require a minimum score of 60%.
  • Students in the protected groups of OBC, SC, and ST receive a 5% reduction in the required percentage.
  • Most MBA colleges allow final-year students to apply for MBA Admissions as long as they produce a provisional degree from their school.

Admission to the MBA in Operation Management is contingent upon passing the MBA admission exams with the required cut-off scores. These entrance tests are given at the federal or state level. However, some universities have the option of conducting their own admissions tests. Below is further information about a few of the major MBA entry tests.

Exams for MBA Operations Management- Candidates interested in pursuing an MBA in operation management can take certain entrance exams including:

MBA in Operations Management - Syllabus 

The curriculum for an MBA in Operations Management normally includes a wide range of topics that give students the skills they need to run effective operations. The typical duration of the program is two years, divided into four semesters. The following topics are among those covered by the syllabus:

Semester

Subjects

Semester- 1

Business skill

Management Accounting

Quantitative Techniques

Business Forecast

Semester- 2

Production Management

Project Management

Corporate Legal Environment

Production Planning and Control

Semester-3

Logistics and supply chain management

Information Technology

Material Management

HRM

Semester- 4

 

Operations management

International Business

Decision Sciences

Research Methodology and Statistics.

List of top 10 B-School that provide MBA in Operations Management

Here is a list of some of the top B-Schools in India that provide an MBA in Operations Management:

Note- This list is not all-inclusive and there may be additional B-Schools that also offer an MBA in Operations Management.

MBA in Operations Management - Career Options, Job Roles and Salary 

There are numerous career options available to MBA Operations Management graduates. Managers have attractive designations and excellent salary packages because their work involves both technical and managerial aspects of a company.

The list of average salaries awarded to MBA in operations graduates is provided below.

Job Profile

Job Description

Average Salary (INR)

Operations Manager

An operations manager must have extensive industry knowledge and be extremely responsible. These experts are given responsibility for overseeing all operations. They oversee the quality control and safety standards established for the Operations Department, as well as the efficient and effective management of labour and productivity.

INR 7.8 LPA

Plant Manager

A company's plant manager is in charge of organizing, coordinating, and managing daily activities to satisfy consumer expectations. He/She is also in charge of increasing output and reducing wasteful spending. He/She is also in charge of preserving the products' quality and standard.

INR 16.68 LPA

Supply Chain Manager

A supply chain program manager is largely responsible for planning, analysis, and communication. Additionally, they supervise the manufacturing as a whole and regulate the inventories. They are essential to the efficient operation of the company's logistics division.

INR 8.74 LPA

Technical Operation Manager

A Technical Operations Manager's duties include managing, directing, and coordinating technical procedures. As the main point of contact for technical difficulties, they are in charge of guaranteeing the continuous operation of technological systems and platforms.

INR 10.17 LPA

Area Operation Manager

An Area Operations Manager's responsibilities often include managing several facilities or branches within a given geographic area. They may be responsible for managing budgets, putting process improvements into place, keeping an eye on and analyzing operational data, and assuring adherence to business rules and laws.

INR 6.02 LPA

General operation manager

To control a company's overall operations, general managers of operations are hired. They are responsible for increasing the management's effectiveness and operational efficiency. They coordinate the major performance objectives for direct reporting roles and determine the organization's strategies. They are in charge of explaining strategy and results to the workforce. In addition, they collaborate with corporate leaders to plan and create the organization's or business's strategic direction.

INR 12.24 LPA

Note- It's important to note that these figures are approximate and can vary significantly based on individual circumstances and market conditions.

MBA in Operations Management - Conclusion

An MBA in operations management has a very broad and varied focus. It is a profession that has to do with controlling how products are made and how they are delivered. Students will conclude the course with a thorough understanding of every aspect of operations management, such as supply chain management, quality control, logistics, and project management.

To sum up, students who are interested in pursuing a career in operations management may find that an MBA in operations management is a fantastic option. The information and abilities needed to handle complex supply networks and production processes are given to students as a result. Graduates can discover employment prospects in many industries and job categories.

MBA in Operations Management - FAQ’s

Q.1. What is the scope of an MBA in Operations Management?

Ans. An MBA in Operations Management equips individuals with the skills and knowledge needed to oversee operations, manage people, streamline activities, and optimize resources within an organization or department. This degree offers a broad scope of career opportunities in various industries.

Q.2. What are the employment prospects for MBA graduates in Operations Management?

Ans. There is a growing demand for professionals with expertise in Operations Management. MBA graduates in this field can pursue careers as Operations Managers, Supply Chain Managers, Production Managers, or consultants in industries such as manufacturing, logistics, healthcare, retail, and technology.

Q.3. What is the salary potential for MBA graduates in Operations Management?

Ans. The salary potential for MBA graduates in Operations Management can vary depending on factors such as industry, job role, company size, and location. However, professionals in this field can expect competitive salaries, with average earnings ranging from INR 7 LPA to INR 12 LPA per year, depending on experience and qualifications.

 Q.4. What skills will someone gain from pursuing an MBA in Operations Management?

Ans. An MBA in Operations Management provides a comprehensive skill set that includes strategic thinking, problem-solving, project management, decision-making, leadership, and analytical skills. These skills are essential for effectively managing operations and driving organizational success.

Q.5. Can someone specialize in a specific area within Operations Management during my MBA?

Ans. Yes, many MBA programs in Operations Management offer specialization options that allow students to focus on specific areas such as supply chain management, logistics, quality control, process improvement, or project management. These specializations can enhance your expertise and career prospects in a particular field within Operations Management.

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