If behind the scenes of any production business intrigues you, if you get excited to know how a product gets delivered to you, then an MBA in Supply Chain Management is just the thing for you. An MBA in supply chain management is a professional business-oriented master’s degree course that conjoins a general business administration curriculum with specialization modules in supply chain management. Supply chain management is a multidisciplinary aspect of business and deals with work like involvement in the production process, creation and implementation of new projects etc.
MBA in Supply Chain management is a 1-to-2-year long course, depending on the country you chose to study in. The MBA in Supply Chain Management Scope is growing rapidly and is much sought after by students and caters to a widely growing field that is essential in running businesses. Managers in the Logistics and Supply Chain sector deal with the timely delivery of products and services to the consumers, as and when asked for. The advancement in technology and increased focus on supply chain & globalization has resulted in the need for supply chain management (SCM) experts and have raised the MBA in Supply Chain Management scope exponentially.
Through the course of this article, we will give you a detailed description of an MBA in Supply Chain Management and the process to pursue the course outside India.
What is Supply Chain Management?
After completing your MBA in Supply Chain Management, you have a vast field of work to choose from, some of them are:
1) Planning for the creation of a new/existing project
2) Sourcing and providing logistical support to gain raw materials
3) Production methods
4) Distribution of created products
5) Cost and risk control at all above stages
Supply chain management is involved in the behind the scenes of nearly every industry that functions in an economy. They are involved in the procurement of raw materials, facilitating the production process and most importantly all the logistical work.
MBA in Supply Chain Management Syllabus
Given below is a semester wise breakdown of the MBA in Supply Chain Management Syllabus. In a regular MBA program, this will be complemented with projects, internships, assistantships, etc.
|Semester 1||Semester 2||Semester 3||Semester 4|
|Management concepts||Business research methodology||Strategies logistics management||International Logistics Management|
|Business environment||Marketing management||Logistics management and information systems||Project Formulation and Appraisal|
|Financial and management accounting||Financial management||Integrated logistics management||Warehouse Management|
|Principles of logistics||Production management||Distributed management||Modern Logistics Operations|
|Managerial economics||Shipping and maritime law||Railroad and air cargo logistics||Retail Logistics & SCM|
|Quantitative methods||Export and import management||Maritime logistics and documentation||Marketing of Logistics|
|Executive empowerment programme – 1||IT for business||Event management III||Small Business Management|
|Executive empowerment programme – 2||Summer training report||Executive Empowerment Programme-IV|
The MBA in Supply Chain Management Syllabus is in no way exhaustive, it is just a representation of the subjects that the students may come across in their MBA course. MBA in Supply Chain Management Syllabus varies from college to college and from country to country. Before taking admission anywhere, be sure to check the syllabus and whether they provide you with the minor and major subjects of your choice.
Process of Getting Admission in MBA in Supply Chain Management Abroad
1) Take the GMAT exam and even GRE in certain cases
2) Sit for English Language exams like IELTS and TOEFL
3) Make a list of colleges you wish to apply to and prepare a list of their cut-offs
4) Fill up the forms of your chosen colleges and carefully attach the documents asked for
5) Check if there is a separate requirement for entrance exams, if yes, prepare for the same
6) Wait for a response from the college, in the meanwhile prepare for the interview round
7) Apply for financial aid and scholarships.
MBA in Supply Chain Management Basic Requirements
1) Minimum 50% marks in Graduation (3 years or equivalent)
2) GMAT and GRE scores (scores above 600 are preferred)
3) English proficiency tests (IELTS and TOEFL)
5) Experience (2-3 years)
Each college/university has its own set of requirements, these are a few basic requirements that most colleges ask for. Research well about the college you wish to apply for and prepare about its requirements well in advance.
MBA In Supply Chain Management: Colleges And Universities Abroad
Most students aim to go out of the country to pursue an MBA in Supply Chain Management as there are amazing choices to choose from. Various countries are known for this course and the placements post completion of the course. Here’s a list of colleges that you can consider while applying for an MBA in Supply Chain Management abroad-
MBA in Supply Chain Management in Canada:
Canada is seen as an important country in terms of abroad education. This is mainly because of the lifestyle of the country, student support and access to free medical facilities. If you wish to pursue MBA in Supply Chain Management in Canada, here are a few options for you-
|York Schulin School of Business||Master of Supply Chain Management|
|HEC Montreal||MSc Global Supply Chain Management|
|University of Windsor
|Masters of Management Logistics and Supply Chain Management|
|Rotman School of Management||MBA (with supply chain focus)|
|Alberta School of Business||MBA (with supply chain focus)|
|DeGroote School of Business||MBA (with supply chain focus)|
|Universite Laval||MBA (with supply chain focus)|
|University of Manitoba||MSc Supply Chain Management|
Requirements for admission MBA in Supply Chain Management in Canada-
GMAT- 600-630 marks
Work experience- Mostly required
MBA in Supply Chain Management in Germany
German universities are known for their education par excellence. It is growing as a popular spot amongst students. Here’s a list of universities where you can pursue an MBA in supply chain management in Germany
|Hochschule Bremen – International Graduate Center
Jacobs University Bremen
|MBA International Dual Degree – International Logistics and Supply Chain Management|
|Jacobs University Bremen||MSc Supply Chain Management|
|Kühne Logistics University (KLU)||MSc Supply Chain Management|
|Hector School of Engineering & Management
|MSc Products and Operations Management;
MSc Management of Product Development
Please make sure that you properly check the language of teaching before applying for MBA in Supply Chain Management in Germany as in many universities the medium of instruction is German.
MBA in Supply Chain Management in UK
The UK is ranked 2nd in terms of global education standards making it a very sought-after country for higher education amongst students. Here is a list of universities from where you can pursue an MBA in Supply Chain Management in the UK
|University of Sunderland||MBA Supply Chain Management|
|University of West Scotland||MBA with Logistics and Supply Chain Management|
|University of Bedfordshire||Business Administration MBA|
|Nottingham Business School||MBA Global Supply Chain Management|
|University of East London||MBA Supply Chain Management|
Requirements for pursuing MBA in Supply Chain Management in UK
- Minimum 3 years of work experience
- A bachelor’s degree or equivalent
- GMAT (between 600-660)
- IELTS (at least 6-6.5 score)
*The requirements differ from university to university.
4) Other top universities to pursue MBA in Supply Chain Management from:
|New York Institute of Technology||MBA Operations and Supply Chain Management||Old Westbury, USA|
|Amity University||MBA Logistics||Dubai, UAE|
|Michigan State University||MBA Supply Chain Management||East Lansing, USA|
|Colorado Technical University||MBA Logistic Management||City of Colorado Springs, USA|
|Cyprus Institute of Marketing||MBA in Logistics||Nicosia, Cyprus|
|MIT||Masters in Supply Chain Management||USA|
|Purdue University||MBA in Global Supply Chain and Logistics||USA|
|Rotterdam School of Management at Erasmus University||Master of Science Supply Chain Management||Netherlands|
|Antwerp Management School, University of Antwerp||Master of Global Supply Chain Management||Belgium|
|CENTRUM PUCP Business School, Pontificia Universidad Católica del Perú||International Corporate Master in Operations||Peru|
|MIP Politecnico di Milano Graduate School of Business||Master in Supply Chain and Purchasing Management||Italy|
The lists are not exhaustive and there are more universities that you can explore in different countries. Research is the Key.
MBA in Supply Chain Management Scope
After pursuing an MBA in Supply Chain Management one can work as a supply chain manager, logistic coordinator, business manager, commercial manager, etc. Since the subject is of international significance many jobs are available in foreign countries. After the completion of the course, it is not difficult for students to land a high earning job.
Below is a list of jobs that students can pursue after completing their MBA in Supply Chain Management along with the relevant MBA in Supply Chain Management Salary, which the students can expect.
|Profile||Job Description||MBA in Supply Chain Management Salary|
|Logistics||They are responsible for coordinating the transportation, storage and delivery of goods and services. They have to make sure that the stock is updated and moved efficiently||USD 63,180|
|Business Development Manager||The responsibility of enhancing the company or organization’s market position and achieving financial growth is in the hands of a Business Development Manager. They decide upon the mid and long-term organizational strategy and goals, recognize business opportunities, build sustainable customer relationships, and negotiate and close business agreements. They also have extensive knowledge of the current market position.||USD 76,439|
|Research officer||From the early to the last stages, the research is facilitated by the research officers. They check that all the ventures and responsibilities are taken care of and under check.||USD 68,986|
|Sales officer||Retail items, merchandise, and retail items to the clients are offered by sales officers. They deal with the company’s inside sales and focus on new prospective clients. They have to interact with new customers and bring on-board new ones.||USD 121,000|
|Material Manager||They are in charge of the materials stream, and of keeping control and accuracy over all products inventories, including all transactions, planning, procurement, scheduling, warehouse, cost, receiving and dispatching. They have to be responsible and guarantee that clients’ needs are satisfied on time.||USD 107,064|
|Logistic Trainee||They are responsible for processing freight forwarders invoice into audit tools. They review, verify and ensure that accurate data are entered into the system||USD 51,270|
|Head of Supply||They manage and optimise the direct and indirect costs of the supply chain. They also have to maintain positive and long-term relationships with the vendors and suppliers||USD 114,210|
|Shipments Manager||Packaging, verifying content for shipping, receiving packages, ordering supplies, leading and managing staff comes under their work responsibility. They have to ensure timely and accurate delivery, shipping and distribution.||USD 70,000|
|Operations Manager||The operations manager takes care of high-level HR duties which involve attracting talent and setting training standards and hiring procedures. They have to work in a direction so as to improve the quality, productivity and efficiency of the company.||USD 58,600|
|Industry Analyst||They are responsible for detecting in market sectors like automotive, technology, pharmaceuticals and financial work.||USD 12,712|
|Global Logistic Manager||The responsibility of warehouses, material customer service, and transportation are under them. They also look after the movement, distribution and delivery of goods.||USD 13,985|
These are a few job profiles that you may take up post completion of your degree. Various national and international companies are on the lookout to fill these posts in their companies. MBA in Supply Chain Management Salary is also very comfortable, both in India and Abroad, as compared to other industries.
MBA in Supply Chain Management Scope: Major Employers
- Bain and company
- MC Kinsey
- Walt Disney
These are amongst the top employers who lookout for candidates with MBAs and offer great MBA in Supply Chain Management Salary. As mentioned earlier, the economy is expanding and the need for supply management and logistical roles is on a rise. This means that the job market will expand for such roles and hence the course is a very promising one.
Best of luck!