If you are considering an Online MBA program after your bachelor's and are confused about whether to pursue Operations Management as a specialization, we cover in this post what you would like to know about MBA operations management.
Operations management is a significant area to specialize in and opens wide opportunities for management graduates. The area is all about optimizing processes of production and manufacturing and plays a key role in any business to meet customer expectations in terms of product quality.
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What is MBA Operations Management? Is it the Right Choice for MBA Specialization?
MBA in Operations Management is a two-year postgraduate program designed to prepare students with the required skills and knowledge to excel in this field. The course delves into the vast scope of this subject during the two-year duration to equip students with an understanding of supply chain and inventory management, six-sigma, project management, business analytics, and more to allow graduates to acquire well-rounded knowledge.
Looking at the huge MBA in operations management scope and the evolving nature of the field, it is rightly said to be the right choice of specialization for an MBA. The course prepares students to tackle real-world challenges and allows opportunities for them to grow in their MBA profession with operations management as a specialization.
What Does MBA Operations Management Cover?
Operations Management offers a foundation course across all the significant areas of operations in an organization. The knowledge acquired through this MBA specialization prepares students to enhance efficiency, lower costs, and gain a competitive edge in an organization.
Various components covered under this subject include the management of organizations wherein the students are prepared to manage their teams and companies efficiently and shape them into empathetic and collaborative leaders.
It includes managerial economics wherein they learn economic analysis to optimize the business operations of different organizations effectively. The curriculum also touches on the corporate legal environment, accounting, international business management, business skill development, and business policy and strategic management.
What is the scope of an MBA in Operations Management?
MBA Operations Management is a sought-after course not only in India but across the globe. To understand the scope of operations management below points can be taken into account:
Industry requirement
The field of MBA operations management prepares candidates to handle the challenges of interdepartmental requirements to make them face the industry with confidence. The students come to know about their qualities and how they fit the requirements of the industry or companies. This helps them to become assets for their companies in the long run and to meet the industry and organizational requirements.
Corporate Opportunities
Being a high-in-demand specialization, operations management helps in career growth and development. Most industries need skilled professionals to handle project cycles in production and logistics implementation efficiently, which enhances the need and scope for MBA operations management professionals.
Wide Knowledge
Operations Management helps students learn to solve real-life industry problems by exploiting the in-depth knowledge they earn during their course. Skills like business process management, quality and process analysis, and managing vendors help candidates enhance overall operations in the organization across production and supply chain management.
All-encompassing Demand
This is a fast-growing area of specialization worldwide and hence it cannot be overlooked. Operations management has truly become a logistics and manufacturing tool in recent times and has experienced revolutionary changes.
Is Considering an MBA in Operations Management Worthy?
An MBA in operations management is beneficial if it aligns with your future aspirations and goals. Below are some reasons which support your consideration.
Operations Management Skills are in Demand
The various skills that the students acquire during their MBA in operations management course help in their careers and allow them to grow. Different companies across sectors value these skills and expertise as they enhance efficiency in their organizations along with boosting cost-effectiveness and productivity.
Wide Opportunities of Career
Operations managers, supply chain analysts, and business excellence managers are some roles that MBA operations management students can fit into. Further, there are several other opportunities across companies and sectors like IT, retail, e-commerce, manufacturing, shipping, etc., for operations management students.
Learn Problem-solving Skills
Operations management graduates are skilled in managing the imbalances in supply-demand. They can analyze production constraints and faults in products. All these require thinking and problem-solving skills among candidates.
Salary Potential
The salary potential of operations management professionals is immense as most recruiters offer them competitive salary packages. Be it any industry, an MBA in operations management professionals can expect good remunerations.
Globally in Demand
The role of operations management professionals is globally in demand. Thus, these professionals have good scope in India as well as in the international market.
Salary and Job Titles for MBA Operations Management Graduates
Here are some job roles and the salaries that the MBA operations management graduates can earn in those positions:
1. Operations Executive: The roles and responsibilities of these individuals include implementing operations strategies and objectives to help reach company targets.
Salary: Rs 1.5 lakh - Rs 5 lakh per annum with an average of Rs 3.1 lakh per annum
Top Recruiters: Flipkart, Aegis, Bharti Airtel, Naukri.com, Amazon, IBM, Accenture, etc.
2. Operations Manager: Operations managers perform crucial roles in organizations performing HR duties and enhancing organizational processes to boost productivity.
Salary: Rs 3 lakh - Rs 21 lakh per annum
Top Recruiters: Tech Mahindra, Maruti Suzuki, Blue Dart, Amazon, Wipro, DTDC, etc.
3. Manufacturing Consulting Manager: These professionals assist in the production process of a company and suggest ways to improve processes and implement new product development. They also conduct a study of plant layout.
Salary: Rs 5.3 lakh - Rs 25.2 lakh per annum with an average salary of Rs 13.3 lakh per annum
Top Recruiters: Tech Mahindra, Tata Consultancy, Maruti Suzuki, Amazon, Wipro, Infosys, etc.
4. Operation Research Analysts: Operation research analysts deal with the theoretical aspects of operations management, while most other positions look into the practical aspects of the subject. These individuals allocate resources and assets to the company and plan cost-effective techniques.
Salary: Rs 2.4 lakh - Rs 8.3 lakh per annum with an average salary of Rs 5.1 lakh annually
Top Recruiters: Tech Mahindra, Genpact, Deloitte, Amazon, Wipro, JP Morgan Chase, etc.
5. Plant Manager: They deal with the day-to-day activities in manufacturing plants like tracking systems effectively, ensuring plant performance with the right decisions as required, and looking into the future objectives of the company.
Salary: Rs 3.5 lakh - Rs 39 lakh per annum with an average salary of Rs 17 lakh each year
Top Recruiters: Reliance Industries, Larsen & Toubro, UPL, Henkel, SHV Energy, Bharat Petroleum, etc.
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MBA in Operations Management is a vast area offering extensive scope for a future with lucrative job opportunities and career growth. If you are looking to specialize in MBA operations management, you will find opportunities to work with the best companies in the best industry. You may also note that you have the option to pursue an MBA in operations management course online. So, if you are willing to pursue the best online MBA Operations Management program, Amity Online University is the best institution for you.
To learn more about the course, visit Amity Online today.
