MBA in Operations Management in 2024: Complete Guide

Are you interested in pursuing a full-time MBA in Operations Management specialisation? If in future, you see your career as a Logistics Manager, Procurement Specialist, Purchasing Manager, Project Manager, Supply Chain Manager or Analyst, then you should go for a PG degree in operations management. This will give you many opportunities in India in various sectors. You can also expect a competitive salary after completing the course.

Operations are basically an important element of a business. It focuses on the handling and strategising of the introduction of new products or services. The team of operations management forms a company’s core. It oversees its daily operations to ensure the production of high-quality and punctual products or services. Therefore, a business graduate with an MBA in Operations Management is tasked with managing the staff, procedures, technology, and materials used in the creation of products and services, making sure they are both productive and resourceful.

Read the blog further to know more about this specialisation such as its eligibility criteria, course structure, list of colleges and further career prospects.

Also Read: Online MBA Courses: A Comprehensive Guide

Overview of Full Time MBA in Operations Management

A Master of Business Administration (MBA) in operations management is a post-graduation business administration programme. The course duration is 2 years. This is one of the MBA specialisations that focuses on logistics and operations. This programme includes the standard MBA core subjects like management, leadership, economics, finance, and accounting. It will also offer you a deep knowledge of project management, supply chain management, business prediction, data analysis, quality assurance, and planning for production.

Scope of MBA in Operations Management

According to Anil Somani, the Chairman of FOSTIIMA Business School in Delhi, “If you build a career in management, it will open up a world of endless career opportunities for you. Management isn’t just about climbing the corporate ladder, but it’s also about driving meaningful changes through data-driven strategies. Management provides opportunities for personal and professional development by managing resources, streamlining processes, and developing creative campaigns”.

Pursuing an MBA in Operations Management will lead you to various career prospects across several industries. You may effectively manage and optimise the production and delivery processes inside a company with the abilities this specialisation gives you. You’ll get knowledge on how to increase productivity, lower expenses, and enhance quality, which will make you a priceless asset to any company. You may explore careers as an operations manager, supply chain manager, logistics manager, and production planner. Businesses in a variety of industries, including technology, manufacturing, retail, and healthcare, are looking for experts who can boost strategic growth and operational efficiency.

Current Trends For Operations Management

According to projections from the Bureau of Labor Statistics , the employment of managers of operations is expected to grow by 3% between 2020 and 2030, which is around the same rate as the national average for all occupations.

Why Choose an MBA in Operations Management?

You should consider the following points when choosing this MBA specialisation.

• The Foundation of Business is Operation Management: Realise that operations management, which guarantees effective procedures and maximum production, is the foundation of any company.
• Operations Managers Need to Understand Operations Well: To effectively monitor and develop operational processes, an operations manager must possess a solid understanding of them.
• Operations Knowledge is Critical for Top Executive Positions: Gaining an understanding of operations is essential if you want to work in senior executive roles since it gives you insight into how the organisation operates at its foundation.
• The Use of Operations Management Skills in All Industries: Your operations management expertise is transferable to other industries, including technology, healthcare, and manufacturing.
• Operations Promote Sustainable Actions: By concentrating on operations, you can encourage long-term sustainability inside your company.

Who Should Do a Full Time MBA in Operations Management?

You can choose a full-time MBA in Operations Management if you like process optimization and do well in dynamic contexts. You also need to be interested in increasing productivity and resolving challenging logistical issues. It is essential to possess strong analytical abilities and a rigorous mindset. This MBA will be very helpful if you want to work in supply chain, manufacturing, or logistics as a leader. Individuals with an engineering or industrial management background may find this specialisation very beneficial. Finally, this programme is perfect for you if you’re dedicated to promoting creative and sustainable business operations techniques.

Eligibility Criteria & Course Duration

The eligibility criteria for an MBA in operation management is graduation from any field from any recognised college/university. Some colleges have a minimum 50% mark criteria for graduation. However, the marks percentage eligibility criteria depend upon the college/institute. The minimum course duration is 2 years.

MBA in Operations Management: Course Structure

The course includes 4 semesters. You can check the list of subjects involved in the course structure. These are general subjects, and the electives may also vary from college to college.

List of Colleges Offering Full Time MBA in Operations Management

The list of colleges that offer full-time MBAs in operations management are listed below along with their fee structure.

*-These are based on information available on various sources. Latest fees may differ.

Top 10 Career Opportunities After MBA in Operations Management

We have listed the top 10 job opportunities after an MBA in operation management specialisation. You can see the job role and description below.

1. Production Manager: You will supervise the process, guarantee effectiveness, and uphold quality standards. Creating production schedules, allocating resources, and achieving output goals are all part of your job.
2. Purchasing Manager: You will oversee the procurement process, bargain with suppliers, and guarantee that products are available on schedule.
3. Operations Manager: You have to supervise day-to-day activities, optimise workflows, and boost output. Among your duties are personnel management, financial management, and maintaining operational efficiency.
4. Supply Chain Manager:From procurement to delivery, you will oversee the whole supply chain. Managing inventories, arranging logistics, and enhancing supply chain efficiency are all part of your job.
5. Plant Manager: As a plant manager, you will be in charge of every aspect of a manufacturing facility.
6. Quality Manager: Implementing quality control procedures, carrying out audits, and responding to client complaints are among your duties.
7. Inventory Manager: Checking stock movements, controlling inventory levels, and guarding against shortages and overstock.
8. Distribution Manager: You will be in charge of logistics, supervise product distribution to clients, and guarantee prompt delivery.
9. Production Analyst: You have to make reports, analyse costs, and reach out to assist with production scheduling
10. Industrial Engineer:As an industrial engineer, you will create effective systems that include people, equipment, supplies, and data.

Source: Indeed

Salary Range of MBA in Operations Management

The salary range for MBA professionals in operation management specialisation is listed below.

Conclusion

If you have completed an MBA in Operations Management you may have an advantage over those without one when applying for jobs in the field. The education of MBA in Operations Management will give you marketable abilities in invention, problem-solving, and production. The scope for this specialisation is bright. You can even make your career outside India also. So, start your journey now.

FAQs

Q1. Is it worth doing an MBA in Operations Management?

Yes, it is worth doing an MBA in Operations Management. The scope of operation management is vast. You can acquire topmost executive positions in different sectors.

Q2. What is an MBA in Operations Management?

MBA in Operations Management is an advanced degree that teaches students about business processes, workflows, logistics, operations, and product development. Operations management is a popular specialisation among business degrees.

Q3. What is the salary of an MBA in Operations Management per month?

The average salary of an MB in operations management per month is between INR 70,000 to 2 LPA.

Q4. Which IIM offers an MBA in Operations Management?

IIM Mumbai offers an MBA in operation management specialisation. IIM is one of the prestigious management colleges in India that provides MBA in Operations Management.