MBA In Supply Chain Management
MBA in Logistics and Supply Chain Management Overview
Logistics focuses on the movement and storage of items in the supply chain. Supply chain management (SCM) is more comprehensive, covering all of the coordination between partners that have a role in this network, including sourcing, manufacturing, transporting, storing, and selling. The MBA in Logistics and Supply Chain Management programme is designed for students to make them understand large-and-small scale inventory management.
An MBA in Logistics and Supply Chain Management is one of the most common specialisations among the majority of business schools at the postgraduate level that continues for a period of 2 years. An MBA in Logistics and Supply Chain Management deals with the management of the flow of goods and services and includes all processes that transform raw materials into final products. It involves the active streamlining of a business's supply-side activities to maximize customer value and gain a competitive advantage in the marketplace. An MBA in Logistics and Supply Chain Management educates the students on how companies can cut excess costs and deliver products to the consumer faster by managing the supply chain. After pursuing an MBA in Logistics and Supply Chain Management, an individual will be tasked with controlling and reducing costs and avoiding supply shortages. The MBA in Logistics and Supply Chain Management touches on the aspects of Logistics that refer to the overall process of managing how resources are acquired, stored, and transported to their final destination. An MBA in Logistics and Supply Chain Management involves identifying prospective distributors and suppliers and determining their effectiveness and accessibility.
After pursuing an MBA in Logistics and Supply Chain Management, the average salary package of the employees ranges between INR 3 lakhs – INR 12 lakhs. Top recruiters for MBA in Logistics and Supply Chain Management graduates are HCL, Adobe, Nokia, Toyota, HDFC, TCS, DELL, Flipkart, Amazon, Larsen, and Toubro Ltd. among others.
Highlights
| Course Level | Postgraduate |
| MBA in Supply Chain Management Course Duration | 2 years |
| Examination Type | Semester system |
| MBA in Supply Chain Management Eligibility | A minimum of 50% marks in graduation course from a recognized university |
| MBA in Supply Chain Management Admission Process | Entrance and Merit Based |
| MBA in Supply Chain Management Course Fee | INR 1,00,000 - INR 10,00,000 per semester |
| MBA in Supply Chain Management Salary | INR 8,00,000 - INR 12,00,000 per annum |
| Top Recruiting Companies | McKinsey, Boston Consulting Group, Bain and Company, KEPLER, Cadila Pharmaceuticals Limited, Value Chain Solutions, Oracle India, DHL, FedEx, etc. |
| MBA in Supply Chain Management Jobs | Operations Analyst, Head of Operations, Supply Chain Manager, Supply Chain Consultant, etc. |
| Higher Study Options | MPhil or PhD courses |
MBA in Supply Chain Management: Distance Education
There are various universities and institutes which provide MBA in Supply Chain Management distance courses as well. The eligibility criteria to study this course from distance education college is equivalent to the requirements of a regular mode of study.
However, the admission process may vary depending on the college chosen. Some may conduct admission tests, while others may not.
MBA in Supply Chain Management: Distance Education Colleges
A few business schools in India provide MBA in Supply Chain and Management through distance education. Here is a complete list.
| College Name | Average Course Fee |
|---|---|
| Bharathiar University, School Of Distance Education | INR 15,000 |
| MIT School of Distance Education | INR 48,000 |
| UPES Centre For Continuing Education | INR 93,000 |
| Symbiosis Centre For Distance Learning | INR 50,000 |
| Atm Global Business School | INR 1,40,000 |
MBA in Supply Chain Management: Colleges in India
There are many MBA in Supply Chain Management Colleges in India which have highly qualified faculty, great infrastructure, and interactive course structure. Some of these top colleges are listed below along with the average course fee:
| College Name | Average Course Fee |
|---|---|
| Indian Institute of Management, Udaipur | INR 9,80,000 |
| NMIMS Mumbai | INR 86,000 |
| Amity University, Noida | INR 4,00,000 |
| Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai | INR 61,000 |
| Symbiosis Institute of Business Management, Pune | INR 20,00,000 |
| Indian Institute of Foreign Trade, New Delhi | INR 77,000 |
| Lovely Professional University, Jalandhar | INR 1,90,000 |
| Galgotias University, Greater Noida | INR 1,49,000 |
| Chitkara University, Chandigarh | INR 4,95,000 |
| National Institute of Industrial Engineering, Mumbai | INR 8,00,000 |
| SP Jain Institute Of Management And Research, Mumbai | INR 17,50,000 |
Top MBA in Supply Chain Management Colleges Abroad
Below we have listed some top universities/colleges located in the US, UK, Canada, Australia etc. that offer MBA in Supply Chain Management Courses along with the average course fee.
| College/University Name | Average Annual Fees |
|---|---|
| The Wharton School, Pennsylvania | INR 1,23,79,221 |
| Columbia Business School, New York City | INR 1,17,77,437 |
| London Business School, UK | INR 82,90,540 |
| Cambridge Judge Business School, USA | INR 53,75,929 |
| Warwick Business School, UK | INR 38,15,017 |
| Rotman School of Management, Canada | INR 33,91,287 |
| Smith School of Business, Kingston | INR 54,16,993 |
| Melbourne Business School, Australia | INR 47,00,508 |
| Monash Business School, Australia | INR 23,09,181 |
| MIT Sloan, Cambridge- USA | INR 1,17,03,876 |
MBA in Supply Chain Management Syllabus
MBA in Supply Chain Management consists of core subjects and elective subjects. The course curriculum is inclusive of classroom discussions, lessons, industry interactions, case studies, individual and group projects, term papers, and other activities.
| Semester I | Semester II |
|---|---|
| Semester III | Semester IV |
| Management concepts | Business research methodology |
| Business environment | Marketing management |
| Financial and management accounting | Financial management |
| Principles of logistics | Production management |
| Managerial economics | Shipping and maritime law |
| Quantitative methods | Export and import management |
| Executive empowerment program - 1 | IT for business |
| - | Executive empowerment program - 2 |
| Strategies logistics management | International Logistics Management |
| Logistics management and information systems | Project Formulation And Appraisal |
| Integrated logistics management | Warehouse Management |
| Distributed management | Modern Logistics Operations |
| Railroad and air cargo logistics | Retail Logistics & SCM |
| Maritime logistics and documentation | Marketing of Logistics |
| Event management III | Small Business Management |
| Summer training report | Executive Empowerment Programme-IV |
MBA in Supply Chain Management Scope
MBA in Supply Chain Management course provides a wide range of career opportunities in areas like MNC logistics, warehouses, import and export companies, etc.
By the end of 2023, the Indian Logistics Sector will cross the mark of USD 200 billion. As per a World Bank Survey, India stands at the 46th position in worldwide exchange logistics execution and 13th in GDP development around the world.
According to a recent report, more than 45 million individuals are employed in this industry and the industry is developing at a rate of 15% with subparts developing at 30-40% per annum. For the upcoming 3 years, the logistics segment is anticipated to develop at a rate of 10-12%. This, in turn, will create a number of job opportunities in the field of supply chain management.
MBA Supply Chain Management Top Recruiters
MBA in Supply Chain Management passouts get ample opportunities to work in top firms of India. Some renowned companies that recruit Supply Chain Management employees every year are tabulated below:
| Top Recruiting Companies | |
|---|---|
| Reliance Industries | Ford Motor Company |
| Tata Consultancy Services | HCL Technologies Ltd. |
| ABB | HP Inc. |
| Cummins | Larsen & Toubro |
| Snapdeal | ITC |
| Jio | Maruti Suzuki |
| Accenture | Jeremy Gnozzo |
| Cubbage | Caroline |
| Ashley Goldberg | Chris Zanghi |
| Dave Holtzman | Mitchell Rockett |
MBA in Supply Chain Management Salary
According to Glassdoor, the average salary offered to MBA in Supply Chain Management graduates in India goes around INR 12,57,660 per year.
Below we have provided a table of job profiles in which MBA in Supply Chain Management passouts can work along with the average annual salary offered to them.
| Job Profile | Average Annual Salary |
|---|---|
| Manager | INR 7,00,000 to 9,00,000 |
| Quality Manager | INR 8 to 9,00,000 |
| Consultant | INR 6,00,000 to INR 8,00,000 |
| Operations Analyst | INR 9,00,000 to INR 10,00,000 |
| Transport Officer | INR 6,00,000 to INR 8,00,000 |
How To Get Admission For MBA In Logistics And Supply Chain Management?
Admission To MBA In Logistics And Supply Chain Management Can Be Done In Two Ways:
- Direct Admission, And
- Securing Valid Scores In CAT, XAT, MAT, Or Other National-level MBA Exams
Once The Results Are Out, Institutes Will Release Their Cutoff. Candidates Securing The Cutoff Scores Become Eligible For Group Discussion/Personal Interview/Written Ability Test.
Direct Admission/Merit-based Admission
- Several Universities Provide Admissions To Students On A First-come, First-served Basis.
- Candidates Need To Submit The Application To The Colleges Or Universities Based On Their Preference And Interest In Which They Want To Get Admission.
- Students Should Score At Least 45%-50% In Their Graduation From Any Discipline.
- Individuals Having Some Work Experience Between 1-3 Years Will Be Preferred.
- Students Can Also Take Admission From The Management Quota Or Institute Level Quota Seats Into Private MBA Colleges With A Minimum Aggregate Of 50% Marks In Their Bachelor’s.
Eligibility Criteria
Following are some of the mandatory MBA in Supply Chain Management eligibility criteria to be fulfilled while taking admission in the course:
- A candidate should be a graduate from a recognized university/college/institute with a minimum of 50% marks or equivalent grade (45% marks or equivalent grade for reservation categories such as SC/ST) at graduation level.
- Candidates appearing for final year examinations can also apply provided they secure a a minimum of 50% marks (45% for SC/ST) in the qualifying examination and produce the documents after the clearance.
Popular MBA In Supply Chain Management Entrance Exams
In Management Entrance Exams Conducted By Various Bodies, Admission To Top MBA Institutions In India Depends On The Student's Ranking. There Are Multiple Forms Of Entrance Exams For MBA Aspirants, And They Can Choose The Entrance Exam They Want To Appear In Depending On The Level Of Difficulty And Competition They Are Willing To Face. The Entrance Exams Conducted At The National And University Level Are As Follows:
- CAT
- MAT
- XAT
- NMAT
- CMAT
- ATMA
- GMAT
A Quick Glance At The MBA In Supply Chain Management Entrance Exams
Admission Criteria For Many Reputed Colleges Are Based On Cut-off Scores In Standard Entrance Exams. Some Of The Standard Patterns Of The Entrance Exams Are Listed Below:
- The Exam Patterns Consist Of Sections Like Verbal & Reading Comprehension, Data Interpretation & Logical Reasoning, And Quantitative Ability.
- The Exam Will Be Offline, OMR Sheet-based Paper, Or Online.
- The Time Duration Of The Entrance Tests Is Usually 3 Hours Or 3 Hours 30 Minutes.
- The Syllabus, Mode Of Examination, And Question Pattern May Change According To A University.
How To Prepare For The MBA Logistics And Supply Chain Management Entrance Exam?
Here Are Some Preparation Tips To Crack The Entrance Exam Taken By Respective Colleges And Universities. The Preparation Tips Are:
- First And Foremost, Understand The Exam Pattern By Going Through Its Previous Years Question Papers.
- Candidates Will Get 2-3 Hours To Complete The Exam. So Learn How To Manage The Time.
- Learn Strategies To Solve 1 Question In Just 30 Seconds Or Less, So That The Exam Can Be Completed On Time.
- Apply For A Mock Test To Check Your Time Management Skills And Evaluate Progress.
- Choose The Best MBA Logistics And Supply Chain Management Books To Follow During The Preparation
- General Knowledge Should Be Strong Enough To Crack Exams. For General Knowledge- Read Newspapers, Read News About Politics, Geography, Sports, Environment, Economy Etc.
Why MBA in Supply Chain Management?
(i). MBA in Supply Chain Management is suitable for students who wish to acquaint themselves with advanced insight into the functioning of various operations, logistics, transportation, and supply management, in addition to business management skills.
(ii). Besides imparting a conceptual understanding of this sector, the program provides students with a platform to enhance their analytical, logical, and critical thinking qualities.
(iii). The duration of the program is 2 years and the average fee for the course is around 1.5 Lakhs per year. MBA graduates specializing in supply chain management usually work with government and private organizations, manufacturing companies, E-commerce, retail, and consulting firms.