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Jagpreet
08 March, 2024
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Wondering if management is the right career option for you? Well, if you want endless professional opportunities, a career with vigorous growth and on-the-shelf chances to learn and accelerate, an MBA can be the perfect degree for you! Management studies is a worldwide pursued course that is rewarding and has a global status of professional acumen. Thousands of universities offer MBA courses with numerous specialisations that offer a plethora of career opportunities across different industries and sectors. Not only does it give more exposure to the management students but also increases the versatility offered in terms of learning to the students.
As already stated, an MBA or Master of Business Administration is a two-year course pursued through regular, distance or online mode. Technology has revamped the education sector and has made learning more accessible and possible through these modes today. Different specialisations like finance, human resources, marketing, international business, supply chain and retail etc. are offered, letting the students independently choose which industry they would like to be a part of. Operations is one such specialisation offered that has bright career prospects and different job profiles with good average salaries.
Operations Management is the art of managing the daily functions of an administration in terms of administering different business practices for the smoothest workflow that helps achieve the highest level of work efficiency. Operations management strives towards creating a balance in the workplace and maximising productivity within the professional world by involving several steps that help achieve the desired goals
There are four key concepts used in operations management at any workplace that help bring maximum efficiency and productivity.
The demand for an Operations Manager is high in any industry given its vast scope after an MBA in Operations Management. The field covers almost all facets of Operations Management. It is vital in the effective and efficient functioning of an organisation to help it thrive and survive in this cutthroat competitive business world. There’s a plethora of job opportunities after an MBA in Operations Management. As per a prediction by the Bureau of Labor Statistics, operations managers’ employment is expected to shoot up by approximately 6% from 2020 to 2030.
Let us explore the job profiles and respective average salary packages to know how lucrative this field is:
| Job Profiles | Average Salary |
| Operations Manager | 10.6 Lakhs |
| Supply Chain Manager | 14.1 Lakhs |
| Logistics Manager | 9.3 Lakhs |
| Business Process Manager | 15.8 Lakhs |
| Purchasing Manager | 10.7 Lakhs |
Related: Top 5 Career Paths After an Operations Management Degree
| Institutions | Programme Fee Structure |
| IIM Ahmedabad | INR 23,00,000 |
| IIM Bangalore | INR 21,00,000 |
| IIT Bombay | INR 14,29,800 |
| SIBM Pune | INR 22,40,000 |
| Institutions | Programme Fee Structure |
| DY Patil Online | INR 1,40,200 for Indian students US$ 3,000 for International students |
| Jain University | INR 1,50,000 for Indian students US$ 3,000 for International students |
| Online Manipal University | INR 2,60,000 |
| IMT Ghaziabad | INR 80,000 |
| Parul University | INR 90,000 |
| Institutions | Programme Fee Structure |
| ICFAI University | INR 2,00,000 |
| Symbiosis Centre for Distance Learning | INR 58,000 |
| Lovely Professional University Distance MBA | INR 72,000 |
| Bharati Vidyapeeth Distance Education | INR 43,500 |
The following are the eligibility criteria for admission into an MBA programme in Operations:
The candidate must have passed graduation with at least 50% (or 45% for reserved classes) or an equivalent qualifying exam in any discipline from a UGC-recognised institution. (The needed score may vary depending on the institution’s set standard.)
For admission into the programme, the candidate also needs to have passed management qualifying exams: CAT/MAT/CMAT/GMAT/GRE/XAT or appear for the entrance exam set by the institution.
If selected for the programme, the candidate should fill out the admission form, complete all formalities and pay the programme fees.
A Master of Business Administration (MBA) degree is a worldwide recognised postgraduate programme. It offers a plethora of professional opportunities and career benefits to learners and opens up a new world of management for professionals in terms of hundreds of industries, sectors, and workplaces. To increase versatility and value, the degree comes with multiple specialisations, letting the students pursue the course of their choice. Operations management is rewarding in terms of its curriculum and its practical application for career growth and high pay scales. You can pursue the course through various high-ranked institutions that offer different modes to attain the degree like online, distance, or regular. Students can choose the specialisation, the institution, and the mode for the degree. However, sufficient research is mandatory for each step.
