An MBA in operations management is a postgraduate business administration degree course emphasising logistics and operations. Apart from the traditional MBA fundamentals of management, leadership, economics, finance, and accounting, an MBA in operations management imparts students a comprehensive understanding of project administration, supply chains, business forecasting, data analysis, quality control, and production planning.
Operations comprise one of the fundamental aspects of a business since it deals with managing and planning product/service launches. The operations management team is the backbone of organisations, taking care of the company’s day-to-day functioning to help deliver quality and timely products/services. As such, an MBA graduate specialising in operations management is responsible for taking care of the personnel, processes, technology, and resources involved in producing goods and services, ensuring they are effective and efficient.
Studying an MBA in operations management gives candidates the opportunity to learn the skills and tools needed to manage activities related to producing products and services through efficient equipment, technology, raw materials, and staff. Obtaining these skills is essential to becoming a competent operations manager.
If you are wondering if operations management is the career for you, let us walk you through why getting an MBA in the discipline can be worth it.
Operations management is a crucial aspect of a business, turning resources, labour, and technology into products and services based on the company’s ability and client needs. Whether you are working in the manufacturing or services sector, understanding the business's day-to-day operations is essential since this is the area that primarily impacts an organisation’s revenue. Moreover, the functioning of the operations department is a critical determinant of the value proposition companies offer to gain an edge over market competitors.
Since operations management is fundamental to running a business, an efficient operations manager must have a working understanding of operations. An MBA in operations management will help you gain the skills needed to do your job as an operations manager better. Even as a general manager, you must understand how operations management impacts and interacts with other functional areas of the business. Knowledge of operations can also help those without a specialised background in the discipline progress in their careers.
If you are aiming to be a top executive post your MBA, an MBA in operations management is what you should pursue. A sound understanding of operations is essential for top executive roles and is one of the primary reasons why candidates apply for this program. Plus, recruiters look for professionals with a holistic understanding of business processes, including operations, to fulfil key executive responsibilities. Thus, specialising in operations management helps candidates build the skills needed for top executive positions.
Operations management is a significant part of business across all industries, from healthcare and finance to manufacturing and travel. Therefore, gaining operation management skills through an MBA will make you eligible for jobs across multiple sectors. For instance, operations management in a bank would include the movement of large sums of money. Likewise, operations management for a hospital is concerned with treating patients. For the airline industry, operations management can refer to the movement of passengers and their luggage from one place to another.
An inherent aspect of operations management is to maximise the efficiency and effectiveness of manufacturing/production processes while minimising waste reduction. Therefore, an MBA in operations management is an excellent opportunity for students interested in undertaking work related to the environment to gain the knowledge and skills needed to make their sustainable initiatives a reality. If you are environmentally conscious and inclined to work towards sustainability, understanding operations management gives you the scope to do your part.
Candidates aspiring to go for an MBA in operations management in India can find top colleges in the cities of Delhi, Mumbai, Kolkata, Bangalore, Chennai, Pune, and Hyderabad. The average fees for an MBA program with operations management specialisation in India can range between INR 3 lakhs to INR 20 lakhs.
Here’s a list of top colleges in India offering an MBA program in operations management:
1. Faculty of Management Studies (FMS), University of Delhi
2. Faculty of Management Studies, IIT Delhi
3. International Management Institute
4. Indian Institute of Foreign Trade
5. Jamia Millia Islamia
6. Amity University, Noida
7. GD Goenka University
8. Asian Business School
9. Delhi School of Business
10. Jindal Global Business School
1. Narsee Monjee Institute of Management Studies (NMIMS)
2. Amity University, Mumbai
3. BITS School of Management
4. SP Jain Institute of Management and Research
5. National Institute of Management
6. National Institute of Industrial Engineering
7. Vidyalankar School of Business
8. Kohinoor Management School
9. National Academy of Management Studies (NAMS)
10. The Second Wind (TSW)
1. Indian Institute of Management (IIM), Calcutta
2. Amity University, Kolkata
3. Bharatiya Vidya Bhavan Institute of Management Science (BIMS)
4. Adamas University
5. Swami Vivekananda Institute of Management and Computer Science (SVIMCS)
6. Calcutta Business School
7. Brainware University
8. Army Institute of Management
9. Praxis Business School
10. University of Calcutta
1. Christ University
2. Alliance University
3. SDM Institute for Management Development
4. NSB Academy
5. Presidency University
6. Reva University
7. Symbiosis International University
8. International Institute for Business Studies
9. Indian School of Business Management and Administration
10. Regional College of Management (RCM)
1. Indian Institute of Management (IIM), Tiruchirapalli
2. Anna University
3. Loyola Institute of Business Administration (LIBA)
4. Xavier Institute of Management and Entrepreneurship (XIME)
5. Rajalaksmi School of Business (RSB)
6. Indian School of Science and Management
7. Department of Management Studies, IIT Madras
8. National Institute of Business
9. PSG Institute of Management, Coimbatore
10. Great Lakes Institute of Management
1. Symbiosis Institute of Management Studies
2. Symbiosis Centre for Management and Human Resource Development
3. Symbiosis Management of Business Management, Pune
4. Lexicon Mile - Management Institute of Leadership and Excellence
5. MIT World Peace University
6. Flame University
7. International School of Management and Research (ISMR)
8. International Institute of Management Studies
9. AIMS Institute of Management Studies
10. Indira School of Business Studies
1. Symbiosis Institute of Business Management
2. Institute of Financial Analysts of India (ICFAI)
3. ICFAI Business School
4. Woxsen University
5. NIT Warangal
6. Symbiosis International University
7. Hyderabad School of Management
8. Deccan School of Management
9. Vignana Jyothi Institute of Management
10. KL University
Many universities and colleges in India also offer distance MBA programs specialising in operations management. Some popular colleges for distance MBA operations management are:
1. Indira Gandhi National Open University (IGNOU)
2. Institute of Management Technology, Ghaziabad
3. IIBM Institute of Business Management
4. Indian School of Business Management, New Delhi
5. Symbiosis Centre of Distance Learning
Apart from the core subjects in the MBA operations management syllabus, students have to choose their specialisation (elective subject) as per their area of interest. MBA programs in operations management offer the following elective subjects:
Logistics & Supply Chain Management
Enterprise resource planning
Operations Management and Strategy
Production Planning and Control
Services Marketing Research Sales and Distribution management
HR Planning and Development Management
HR Management Organisational Change and Development
Retail Marketing Management
International Marketing Advertising
The hype and information around MBA in finance, marketing or HRM often keep students from pursuing the undermined MBA in operations management. However, the scope of operations management is expanding remarkably, with individuals and organisations realising the importance of efficient management and effective planning.
The pointers below explain the scope of operations management and why pursuing an MBA in it is worth it:
With operations becoming a vital aspect of running a business efficiently, the demand for operations managers is high in almost every industry. Working in operations management is a flourishing career in India and abroad, and organisations of all sizes are focusing on operations to drive profitability and customer satisfaction.
An MBA in operations management makes students eligible for job opportunities in various sectors, including manufacturing and retail, hospitality, consulting firms, construction, banking and finance, information technology, e-commerce, warehousing, and more.
Operations, being an indispensable business aspect, an MBA degree in operations management increases the likelihood of climbing up the organisational hierarchy to bag top leadership roles. Needless to say, these positions provide significant job stability, flexibility, and liberal pay.
The growth of the e-commerce industry has been one of the primary drivers of operations management across various industries. In addition, the tremendous growth of the service sector points toward an upward trend in the future scope of operations management.
Since operations management does not limit itself to one industry or sector, its scope is constantly increasing and creating new opportunities for professionals interested in working in the field. Competition is intense, and companies leave no stone unturned to streamline operations to thrive in the competitive market. As a result, there is an emerging requirement for companies to hire operations professionals who can bring value to the organisation.
Apart from elective subjects that hone the area of interest of individual students, the MBA in operations management program includes a set of core subjects for all. The list of core subjects in MBA operations management are:
Demand and Business Forecasting
Accounting for Managers
Management of Organisations
Business Skills Development
Corporate Legal Environment
Quantitative Techniques and Methods
Demand and Business Forecasting
In addition to the core subjects, MBA operations management imparts practical skills to students in the following:
Database Management System Analysis
Enterprise Resource Planning Strategic Information
Networks for Business Electronic Commerce
Data Mining Software Engineering
Systems Data Warehousing
Business and Communicational English
If you are wondering how an MBA in operations management can be useful for your career, take a look at these benefits of specialising in operations management:
Students pursuing an MBA in operations management have a proactive understanding of the specific needs of the industry. Regardless of the sector, they understand the needs and requirements of an organisation and its clients and handle operations accordingly.
An MBA in operations management opens the door to multiple industries, from manufacturing and retail to banking, healthcare, and finance. Employees with operations knowledge and skills are in high demand across these industries, making MBA operations management a much-sought-after program.
Operations managers are required to work with various tools and technology in the day-to-day functioning of the operations department. For instance, the use of drones by e-commerce companies for doorstep delivery of groceries and other items is a classic example of the use of technology in operations management.
Most importantly, an MBA in operations management prepares you for various roles associated with the operations management of organisations. The knowledge, skills, and hands-on experience you gain throughout the MBA program make you eligible for the job market and enhance your credibility with potential recruiters.
We have already discussed the top B-schools in India offering MBA in operations management. However, if you want international exposure and are willing to invest more in your MBA education, you can opt for colleges abroad. The fees for MBA programs abroad are significantly higher than in Indian colleges. Besides, admissions to MBA programs abroad require that you qualify for GMAT and language proficiency tests like TOEFL and IELTS.
Here is a list of universities and colleges offering MBAs in operations management in the USA, Canada, UK, and Australia.
1. The Graduate School of Business, Stanford University
2. MIT Sloan
3. Harvard Business School
4. University of Pennsylvania Wharton
5. Columbia Business School
6. Carnegie Mellon University
7. Stephen M. Ross School of Business
8. Kellogg School of Management, Northwestern University
9. Haas School of Business, University of California Berkeley
10. The Fuqua School of Business, Duke University
1. Schulich School of Business, York University
2. School of Business, University of Alberta
3. Goodman School of Business, Brock University
4. Smith School of Business, Queen’s University
5. Wilfrid Laurier Campus, Toronto Campus
6. Rotman School of Management, University of Toronto
7. Ivey Business School
8. McGill University
9. Desautels Faculty of Management
10. University of British Columbia
1. Saïd Business School, University of Oxford
2. London Business School
3. Cambridge Judge Business School, University of Cambridge
4. Warwick Business School, Warwick University
5. Alliance Manchester Business School, University of Manchester
6. University of Greenwich
7. Imperial College London
1. Melbourne Business School, University of Melbourne
2. Australian Graduate School of Management, University of New South Wales
3. Monash Business School, Monash University
4. La Trobe Business School, La Trobe University
5. Macquarie Graduate School of Management, Macquarie University
6. UWA Business School, University of Western Australia
7. RMIT University School of Business
8. Deakin Business School, Deakin University
9. UQ Business School, University of Queensland
10. ANU College of Business and Economics
Working professionals aiming to pursue an MBA in operations management in India can apply to the premier IIMs of the country. However, the eligibility criteria, admission process, and work experience required may vary across institutions.
The following IIMs offer Executive MBA in operations management:
1. IIM Ahmedabad
2. IIM Calcutta
3. IIM Ranchi
4. IIM Bangalore
5. IIM Udaipur
Operations offer ample job opportunities should you pursue a career in operations management post-MBA. Major employment areas for operations management graduates with an MBA degree include:
Supply Chain Manager
General Operations Manager
Process Reengineering Manager
MBA graduates with specialisation in operations management can get jobs in various sectors, including-
Banking and financial services
An MBA in operations management trains students on how to design and improve an organisation's business operations and production processes. At its core, operations management aims to maximise efficiency and profits by converting raw materials into finished products and services that meet client needs.
Companies across various industries and sectors are looking for talented and skilled individuals who can lead the company towards success by streamlining operations. Therefore, one must know the top five career options one can pursue after an MBA in operations management.
An operations manager is responsible for managing the overall operations of an organisation, including planning, budgeting, scheduling, and optimising to deliver the best outputs. The operations manager must ensure efficient and effective utilisation of labour and resources while looking after necessary quality control and safety measures. Therefore, operations managers must be proficient in managing people and resources with the ability to do immaculate paperwork.
A process manager is in charge of overseeing the processes within an organisation. Thus, the job profile of process managers includes coordinating and supervising the day-to-day execution of business processes, identifying areas that need improvement, and implementing the changes to the process. Evaluating the performance of the processes also forms a key aspect of the job role of process managers. Process managers must have analytical abilities and an eye for detail.
Plant managers are responsible for ensuring the daily operations of a production plant run efficiently and smoothly. They plan, organise, manage, run, and optimise daily plant operations and are responsible for maintaining product quality and standards. Plant managers must allocate resources effectively and draw budgets using appropriate forecasting models. Thus, plant managers must be team players with sound management and negotiation skills that thrive in dynamic and challenging work environments.
Inventory control managers oversee inventory control and the overall inventory management process, including inventory tracking, warehouse operations, maintenance, inventory audit, and more. The varied nature of an inventory control manager’s role requires a dynamic skill set such as leadership abilities, problem-solving skills, organisational skills, and knowledge of data analysis. It is also crucial that inventory control managers have an eye for detail to avoid errors.
Purchase management focuses on purchasing raw materials and the logistics of incoming shipments that an organisation requires. It also involves comparing market prices and negotiating for the right price with suppliers to ensure that the final products and services are of acceptable standard and quality. Besides, a purchasing manager’s job description includes developing and implementing purchasing strategies, allocating tasks, supervising staff, maintaining documentation, coordinating with inventory control, and more.
Getting a product or service market-ready is a complex affair involving multiple processes, players, and stakeholders. Two of such critical processes are operations management and supply chain management. Although similar in some respects, the two are distinct processes with vital roles. Therefore, business professionals must understand the differences in the two processes to enhance the value and performance of the output.
Supply chain management involves sourcing materials, manufacturing products, and delivering the finished products to the consumer. As such, supply chain managers coordinate with logistics teams, suppliers, and consumers as part of their job profiles. Supply chain management also includes security and risk evaluation. Thus, a critical aspect of a supply chain job manager’s role entails regular evaluations of suppliers, forecasting demands, improving customer service, and coordinating sales, marketing, finance, and quality assurance departments.
When done correctly, supply chain management facilitates efficiency from suppliers, reduces costs, improves customer service, ensures faster delivery, and helps companies respond faster to innovations and market demands.
Unlike supply chain management, operations management deals with the production systems of a business, including their maintenance, planning, and analysis. Thus, operations managers oversee the internal business operations, focusing on how goods and services are developed rather than how they are moved. The job profile of an operations manager also includes forecasting sales, increasing responsiveness to market demands, meeting customer demands, and upholding product/service quality standards.
Both supply chain management and operations management add value and drive business revenue by making processes more efficient. In a way, the two are connected - supply chain management controls the production process of goods and services, and without it, operations management would not have anything to oversee. While many industries require both approaches, smaller organisations may have a single person or department fulfilling both roles. This is because the necessary skillset for supply chain management and operations management is similar, such as decision-making, communication, organisation, cross-functional leadership, and goal setting.
The primary difference between supply chain management and operations management is where each occurs. While supply chain management deals with processes outside an organisation, such as sourcing materials and delivering products, operations management is concerned with the processes inside the organisation.
On the one hand, the supply chain manager negotiates contracts and evaluates suppliers; on the other, operations managers plan and supervise the day-to-day operations and processes. Besides, supply chain management activities are often the same across industries. On the contrary, the roles and responsibilities in operations management can vary significantly depending on the product or service a company produces.
The table below summarises the differences between operations management and supply chain management:
Supply Chain Management
The focus is on things that happen inside a business or company.
The focus is on things operating outside the company, such as sourcing materials and delivering products to customers.
It manages the processes concerned with producing the goods and services.
It manages the supply of raw materials and the movement of goods and services.
Operations managers primarily focus on planning, managing, and organising day-to-day operations or functions.
Supply chain managers spend a significant portion of their time evaluating suppliers and negotiating with them.
The operations management process involves planning, organisation, and monitoring processes to facilitate improvements.
Supply chain management entails the designing, planning, execution, control, and monitoring of all supply chain activities.
The goal in operations management is optimum resource utilisation to create quality goods and services on time that increase customer satisfaction.
The primary objectives of supply chain management include maximising the overall value of the supply chain, effective inventory management, and improvement in the company's overall performance.
Benefits include increased revenue, enhanced customer satisfaction, improved product quality, and motivated employees.
Benefits include reduced overhead costs, better risk mitigation, improved cash flow, and effective quality control.
MBA programs are slightly different in structure compared to other academic or professional courses. Students pursuing an MBA degree can enrol in a one-year program, a two-year program, or a distance degree.
Candidates can opt for an MBA in operations management in any one of the following modes:
Two-year full-time MBA
One-year full-time MBA
A two-year full-time MBA is the traditional MBA program and one of the most common ways students pursue the degree. It is widely prevalent in the United States, with top institutions and B-schools such as the Stanford Graduate School of Business, Harvard Business School, and the University of Pennsylvania Wharton offering two-year full-time MBA programs. Two-year MBAs develop students’ fundamental business skills with ample focus on specialisations, projects, assignments, and internship programs. While the first year covers business fundamentals like finance, marketing, communication, and strategy, year two focuses on specialisations.
One-year MBA programs are more commonly offered in business schools across Europe and Asia. They include much of the same course content as a two-year MBA but are more intensive and fast-paced due to their shorter time. A one-year MBA program will develop your core business skills, and you may still have time to focus on your specialisations. However, the time you can dedicate to your elective papers will be much less. Therefore, a one-year full-time MBA in operations management is a great call if you are not looking to make any major career change but only want to gain relevant experience to accelerate your current career path.
If you are a working professional with insufficient time to devote to academics, a part-time MBA is your best shot. It is an excellent option for candidates who don’t want to quit their jobs to pursue a full-time MBA and yet get a degree from a reputed business school. A significant advantage of part-time MBAs is that they allow ample flexibility to learn at your own pace and time. Students pursuing part-time MBA often complete the course over a prolonged period, typically 2-5 years. With a part-time MBA, you can take classes that suit your schedule. Most institutions offering part-time MBA programs host evening or weekend classes for the benefit of working professionals.
Recent years have assessed a rise in demand for online MBA programs. Several online platforms offer these comprehensive MBA programs in collaboration with reputed business schools worldwide. A significant advantage of online MBA programs is that students can complete their degrees from the comfort of their homes and from anywhere in the world. Plus, online MBAs have the same course content as a physical program, with the lessons usually delivered by the same faculty. Like a part-time program, online MBAs provide a flexible learning experience with the freedom to study and learn at your own pace. Classes in online MBA programs may be synchronous or asynchronous, depending on the learning platform you choose.
Mid-career professionals looking to take the next big leap into top executive positions or leadership roles can go for an executive MBA. Applying for an executive MBA typically requires a minimum work experience since these programs emphasise the practical experience each student brings. Executive MBA classes are generally held in part-time mode, on the weekends or during the evenings. Therefore, working professionals get a chance to implement what they learn in real-life work environments. Executive MBA programs typically span over two years with a greater focus on leadership and management skills.
The primary reason why anyone would pursue an MBA in operations management is the plethora of skills and knowledge of tools they acquire during the program. Below we list the essential skills and tools every operations manager should be well-versed with to streamline business operations better:
Employee management - A critical skill for operations managers, employee management skills involve effective monitoring of each team member, allocating tasks, and measuring their progress over time.
Standards implementation - Regardless of the industry, businesses run based on standard operating procedures. An operations manager must have the ability to ensure that company staff are abiding by the SOP and related laws.
Technical proficiency - Operations managers must be proficient in the technical aspects of running a business, including data entry, data processing, product automation, designing processes, tracking budget information, and more.
Strategic planning - Critical thinking and strategic planning are critical skills required of any operations manager. Operations managers must approach challenges creatively and interpret information necessary for making decisions about business processes.
Risk analysis - Risk analysis and mitigation are crucial aspects of managing business processes. Operations managers must be able to analyse their companies’ processes to identify pitfalls, anticipate challenges, and design solutions should a contingency arise.
Budget management - Since operations managers are frequently involved in managing a company's production budget and finances, they must have good budget management skills.
Problem-solving - Operations managers have to deal with conflicts arising in operations management, be it between employees or the challenges in a project. Problem-solving skills will help the operations manager analyse the situation and implement solutions to overcome workplace problems.
Decision-making - It is equally vital that operations managers have good decision-making skills to consider different perspectives, analyse how multiple factors affect business outcomes, and how different strategies can improve business operations.
Communication - Exceptional communication and interpersonal skills are crucial for operations managers to interact effectively with clients, colleagues, and other stakeholders. This includes written and verbal communication skills, presentation skills, listening skills, and negotiation skills.
Time management - Time is a valuable resource in operations management to ensure the timely delivery of goods and services. Operations managers must have exceptional time management skills to monitor milestones, schedule deadlines, and ensure that teams finish projects within the stipulated time.
Leadership - Lastly, operations managers must be efficient leaders to inspire and motivate others and build a diverse team. Only good leaders can mobilise people, promote collaboration, and implement strategies for achieving business objectives.
The list of essential operations management tools is quite extensive and may differ from the product or service a business offers. Below we list some of the top tools that every professional in operations management can find helpful:
Zoho - A cloud-based software company offering a wide range of SaaS applications such as Mail, CRM, Chat, Projects, and more.
Trello - A project management tool that helps users organise and keep track of projects.
Slack - Cloud-based team collaboration tools and services that allow instant messaging, video calling, file sharing, and more.
UiPath - A robotic process automation (RPA) tool for automating repetitive data extraction, entry, and manipulation tasks.
Basecamp - Software for organisations to communicate with team members and manage projects.
Hive - A project management software enabling users to collaborate on tasks and projects in real-time.
ZenDesk - A cloud-based customer support software with features like live chat and a ticketing system.
Intercom - Its customer relationship management software enables businesses to engage with customers, manage customer data, and track marketing and sales metrics.
PandaDoc - A document automation tool for sales and marketing teams to streamline the document creation process with real-time visibility into document status and analytics.
Loopio - A cloud-based RPA software that uses bots to automate business processes such as lead generation, customer support, and data entry.
An online MBA in operations management has significant advantages over its offline counterpart for several reasons, including-
Online MBA programs provide a flexible learning experience where students can study at their own pace and time.
With online MBA programs, you can take classes from anywhere in the world with 24/7 access to lectures, study materials, and learning resources.
Online MBA programs are relatively less expensive than offline courses. Besides, you can save significantly on transportation and accommodation costs with remote learning.
Most importantly, online MBA programs allow you to network with peers, professionals, and experts from different parts of the world for a holistic and enriching learning experience.
A two-year MBA in operations management program spans four semesters. Students are taught core business skills and general business management in the first year. The following year puts greater emphasis on specialisations.
The table below gives the semester-wise syllabus for MBA in operations management:
Corporate Legal Environment
Accounting for Managers
Demand and Business Forecasting
Management of Organisations
Enterprise Resource Planning
Business Skills Development
Business Policy and Strategic Management
Quantitative Techniques and Methods
Business Process Modeling
Communication Skill Development
Production Planning and Control
Operations Management and Strategy
Management of International Business
Logistics & Supply Chain Management
Human Resource Management
Human Resource Management
According to research, the valuation of the global operations management market stood at USD 12,034.63 million in 2020, with a projected CAGR of 11.63% to reach USD 25,997.04 million by 2027. The future scope of operations management professionals looks bright. With operations management becoming an indispensable aspect across sectors, the industry is set to expand further in the future. Consequently, the demand for operations management professionals will increase as more and more companies embrace the need to streamline operations to maximise profitability and productivity. The demand for an MBA in operations management can also rise as candidates will be more inclined to acquire industry-relevant skills and explore career opportunities in the field.
The estimated average annual salary of an Operations Specialist in India is INR 4.8 LPA, with the monthly take-home salary ranging from INR 35,803 to INR 37,031.
The salary of an Operations Management Specialist in India depends on the following factors:
The estimated average starting salary of Operations Specialists in India is around INR 3 LPA. A minimum of two years of experience is required to become an Operations Specialist.
The estimated average base salary of an Operations Specialist in the US is USD 69,251 per year. Some of the highest-paying cities for Operations Specialists in the US are Washington DC, New York, and San Francisco.
Factors on which an Operations Specialist’s salary in the US depends are pretty standard and include:
The average estimated starting salary of Operations Specialists in the US is about USD 31,200, with top executives making around USD 158,000.
Average Salary Hike
Put the presentation skills learned in the course into practice through a video presentation.
Find and describe a major change management case (e.g. Apple upon Job’s return, Tesla, Rimac, Microsoft under Nadella, Shell under Watts, etc.)
Operations management deals with the planning, organising, and supervising of the design, development, and delivery of goods and services. It optimises operational processes to improve performance, boost productivity, and maximise profitability.
An MBA in operations management is perfect for business owners, entrepreneurs, and working professionals with one to five years of experience. Besides, freshers with a bachelor's degree interested in planning, managing operations, managing customer relationships, analysing market requirements, and meeting customer expectations can pursue an MBA in operations management after graduation.
The highest-paying MBA concentrations include operations management, human resources, marketing, finance, healthcare management, and information technology. However, the salary depends on diverse factors such as skills, experience, location, and industry.
After doing an MBA in operations management, one can secure the following jobs: operation manager, production manager, production manager, inventory manager, purchasing manager, distribution manager, supply chain manager, quality analyst, plant manager etc.
The service sectors are recently showing significant growth and are expected to show an upward trend in the near future. An MBA in operations management opens up a significant number of high-paying managerial jobs, hence it is definitely worth doing.
Even though both the job roles have similar responsibility, the main difference between operation management and project management is their duration. An operation manager handles an ongoing and continuous task, whereas the project manager handles projects of a limited time period. Therefore, the key difference is that project management is more of a temporary nature.
The syllabus of an MBA in business operation includes subjects like business policy and strategy management, international business management, Human resource management, marketing research, sales and distribution management, finance management, information technology (database management system analysis and design communication), and Operations/ material management etc.
Under MBA in operations management, a significant portion deals with finance, financial market, managing finance, etc. Therefore, even though there might not be a direct inclusion of maths or statistics, some derivatives of theirs can be expected in the course. On that note, the candidate has to have a basic knowledge of maths to pass the MBA entrance examination.
The role of an operation manager primarily includes three major sections: planning, controlling and supervising. Operation managers are responsible for different manufacturing and production processes and service deliveries of an organisation. Their role is highly important for a business as they help boost efficiency and help prepare the deliverables on time. Hence, they play an utterly important role in a company’s functionality.
There is a long list of sectors where a candidate can secure their place as an operation manager. Some of the top categories on that list include MNCs, Manufacturing and retail companies, the Healthcare industry, corporate industry, reading companies, the Hospitality Industry, the insurance sector, the information technology industry, the Construction industry, warehousing, E-commerce business etc.
In a profession like operations manager, the candidate may have to work several times outside the standard business hours. Travel can be a large part of their job role. However, it differs among companies. If the company has multiple branches, then the chances of travelling are higher.
It entirely depends on the candidate. If the candidate is a fresher to the industry with no such prior experience in the corresponding fields, it will be advisable that they opt for the offline MBA program. However, candidates can go for an online MBA program if they have significant prior experience in a related industry. This way, they can continue their jobs alongside their studies.
With the rapid growth in technology, it is expected that a large portion of operations management will become automated. Some of such changes include better inventory monitoring and managing systems, use of drones, entry keeping etc. These automated functions would significantly help in resolving the issues faced by operations managers on a daily basis.
An MBA in operations can help secure multiple roles, including operations manager, area operations manager, logistics manager or general operations manager. Salaries can vary based on the job role. However, the average salary of these roles can be Rs. 11 lakhs per annum. This amount is also influenced by the years of experience and location.
A plant manager has to deal with a plethora of responsibilities, some of which include directing and coordinating daily operations of the plant, overseeing all the levels of staff and their performance, ensuring company policy and regulations are followed, and developing processes that can increase the productivity of the plant workers, providing necessary training to the staff, monitoring that the equipments are working well, repairing or replacing the broken equipment, and screening, interviewing and onboarding new staff.
To become a plant manager, the candidate has to have a bachelor's degree followed by a master's in business management or administration. They should have a work experience of at least three years as plant supervisors and one year of experience in production/ marketing/ safety. The candidate should also have good communication and leadership skills, time management, and critical thinking.
A purchasing manager takes responsibility for sourcing types of equipment or goods and managing the vendors. They are also known as purchasing directors or supply managers. On the other hand, the merchandiser manager is an individual responsible for analysing the profitable sources and curating the company’s products that can be further used for promotion. Therefore, the job roles might seem closely identical, but their ultimate motive is different; hence they are not the same
Inventory management can be a hard task, and some of the most common issues faced by an operations manager to do inventory control would include identifying and locating warehouses, delay in tracking due to over dated tracking technology, not getting accurate data, constantly shifting customer demand, hence obsolete inventory, difficulties with problematic stocks such as perishable and fragile stocks etc.
As time goes by, the market competition is only getting higher. However, the economy is expected to stabilise compared to 2022. Hence there could be a chance of getting a better placement. In such circumstances, having an MBA from a great B school could be a bonus. Nonetheless, getting an MBA from a well-recognised university will be advisable.