MBA in Logistics & Supply Chain Management: 2024 Guide

In recent years, e-commerce has grown significantly. As the number of internet users has increased, online shopping is also on the rise. According to Statista, global retail e-commerce sales are expected to surpass $6.3 trillion in 2024 and will continue to grow. An MBA in Logistics and Supply Chain Management can help you land a job in various new sectors such as Retail, Manufacturing, Healthcare, or even consulting.

E-commerce companies like Amazon and Flipkart process millions of orders daily and they are making sure that products are getting delivered in one or two days. But do you know the science behind their ability to achieve such timely deliveries? This is where logistics and supply chain management come into focus.

Logistics and supply chain management are the backbones of any business that deals with physical products. It includes sourcing raw materials for manufacturing, warehousing, distribution, and finally, delivery to the end customer.

In this blog, we will explore everything about the MBA in Logistics and Supply Chain Management course, including fees, colleges, eligibility, and other aspects.

First thing First: What is an MBA in Logistics and Supply Chain Management?

An MBA degree in Logistics and Supply Chain Management is a 2-year PG degree that will provide you with the knowledge and skills that include execution, planning, and control of the flow of goods and services. You will take care of this from the point of beginning to the end customer.

To make it simpler, let’s take a product that we see in daily life. Let’s take bicycles as an example. The journey of a bicycle starts with sourcing the raw materials, followed by manufacturing and packaging. The final step is delivery to a shop. Logistics and supply chain management oversee every step of this process.

In addition, it is like you are ensuring the right product gets to the right place at the right time, in the most cost-effective way.

Why Opt for an MBA in Logistics and Supply Chain Management?

When you place an online order for that new phone case, and it is delivered to your doorstep within a few hours, isn’t that feasible? To provide this kind of feasibility, there is a network of logistics and supply chain management that is constantly working in the background. Furthermore, if you are looking for such an in-demand career path, then you can opt for an MBA in Logistics and Supply Chain Management.

There are many other reasons as well why you should opt for an MBA in Logistics and Supply Chain Management.

• Globalisation: Nowadays, every business is going online, which helps them reach a worldwide audience. This is the main reason why businesses are operating on a global scale. This means you can have the opportunity to manage the extensive movements of goods and materials across continents. Moreover, you need to become a skilled professional in international trade, customs regulations and logistics management. This reason might be enough for you to pursue an MBA in Logistics and Supply Chain Management.

• E-commerce Boom: As mentioned above, the e-commerce sector is rising like no other. The main reason behind this growth is online shopping, which has helped everyone overcome traditional shopping methods. You can become a supply chain manager, where you will design efficient systems to deliver products to customers more quickly and cost-effectively.

• Broad Skillset: You might be thinking that an MBA in Logistics and Supply Chain Management is just a cup of tea for you, but trust me, it goes beyond just moving boxes. You will gain an understanding of areas such as Inventory Management, Warehousing, Transportation and Risk Mitigation. These are all essential topics you need to know if you are entering the supply chain and logistics sector.

• Leadership and Management Skills: This specialisation is not all about Logistics and Supply Chain, this MBA programme will also help you to develop your critical thinking and problem-solving skills. You will also master your communication so that you can efficiently convey your ideas to your team and stakeholders. These skills will help you in leading teams and making strategic decisions that optimise supply chains.

MBA in Logistics and Supply Chain Management Syllabus

MBA in Logistics and Supply Chain Management Eligibility

Bachelor’s Degree

You will need a bachelor’s degree from a recognised university in any discipline. If you have passed your bachelor’s with a background in Business, Engineering, or Mathematics, that may give you an advantage but it is not mandatory.

Minimum Marks

When you apply for MBA programmes, most universities usually require a minimum of 50% marks in your UG degree. However, this also depends on the institution’s cut-offs, as some institutions may have higher cut-offs for competitive programmes.

Management Entrance Exams

You may have to appear in an entrance exam as many universities require scores from standardised management entrance exams.

There are many entrance exams that you may need to appear as per the institution, such as:

• NMAT

• MAT

• SNAP

• CMAT

• XAT

• CAT

These exams assess your analytical, verbal, and quantitative skills, which are crucial for success in an MBA programme.

Work Experience

Do not worry if you do not have work experience, but it always adds some advantages if you do. Some of the universities may prefer candidates with a few years of work experience, particularly in logistics, supply chain, or related fields. This experience provides valuable context for your studies and demonstrates your commitment to the industry.

Best MBA Colleges for Logistics & Supply Chain Management

Best Online MBA Colleges for Logistics & Supply Chain Management

Above colleges are prominent players in providing online MBA programmes.

What Can You Do With an MBA in Logistics and Supply Chain Management? Top Jobs & Salaries:

Takeaway

Now we have seen all the aspects of an MBA in Logistics and Supply Chain Management. If you are interested in this field and want to make a lucrative career then you should definitely go for it. This MBA programme will provide you with the skills and knowledge to thrive in a high-growth industry like Supply Chain and Logistics.

It will also open doors to leadership opportunities and allow you to give your best in industry roles and responsibilities. If you want to make a real impact on businesses, this MBA program can be a stepping stone to prove your value.

Good Luck!!

FAQs

Q1. What is MBA logistics and supply chain management?

An MBA in Logistics and Supply Chain Management is a 2 year PG degree which helps you to know more about efficient management of the flow of goods, services, and information from the point of origin to the point of consumption.

Q2. Is it worth doing MBA in logistics and supply chain management?

Yes definitely, you can enter into the supply chain industry after doing an MBA in Logistics and supply chain management. But it also depends on your career goals, interests, and the current job market.

Q3. What is the scope of MBA in Logistics Management?

As already mentioned in this article, e-commerce is growing significantly and the scope is pretty promising, you can do an MBA in Logistics Management to broaden your career horizon. You can land jobs such as Supply Chain Manager, Logistics Manager, Operations Manager, and Inventory Manager.

Q4. What is the salary of MBA in logistics?

As already mentioned in the blog, after pursuing an MBA in logistics, you can earn anywhere between 3 LPA to 30 LPA.

Q5. Who is eligible for a logistics MBA?

If you have your bachelor’s degree with at least 50% marks from a recognised university, you can pursue an MBA programme. You may need to appear for entrance exams as per some institution requirements.

Q6. What are the career prospects after MBA in logistics and supply chain?

You can find opportunities in various industries and roles, such as Supply Chain Manager, Transportation Manager, Logistics Manager, Supply Chain Analyst, Inventory Manager and Warehouse Manager.