MBA in Operations Management, Fees, Salary, Scope In India
MBA in operations management is an emerging MBA specialization for aspiring managers. It is a 2-year program that includes different business courses. MBA in OM ultimately focuses on operations. But what does an MBA in Operations Management teach? This program consists of topics in supply chain management, project management, logistics, and organizational development.
This blog covers all the details that aspirants aiming for an MBA in operations management need. We will discuss the MBA admission criteria 2024, fees for an MBA in operations management, the future scope for this specialization, and more.
What is an MBA in Operations Management?
The MBA in Operations Management is a postgraduate program that is becoming increasingly popular due to the growing number of businesses. This program teaches students the necessary skills and knowledge to do well in managing a company's operations.
The MBA in Operations Management program focuses on expertly planning, organizing, supervising, and launching products and services. Students get an understanding of the essential day-to-day operations needed to deliver high-quality products and services efficiently and cost-effectively.
| Parameter | Details |
| Level | Postgraduate |
| Duration | 2 Years |
| MBA Entrance Exams | CAT, MAT, XAT, CMAT |
| Fees | INR 5 - 23 Lakhs |
| Expected Salary Range | INR 10 - 40 LPA |
| Career Opportunities | Operations Manager Data Analyst Human Resource Manager Supply Chain Program Manager Plant Manager |
| Top Recruiters | Accenture Genpact Wipro HCL TCS Infosys |
| Popular MBA Colleges | IIM Bangalore IIM Calcutta Symbiosis Institute of Business Management |
Why Pursue an MBA in Operations Management?
Effective Management
Every business needs an operation manager to keep things running smoothly. This degree will prepare you to take on this critical role. The program covers all the bases with courses in accounting, finance, marketing, and operations. Graduates are ready to lead teams in the business world.
Job Opportunities
An MBA in operations management opens up lots of job opportunities. Employers are always on the lookout for graduates, and salaries are competitive. This is a great field of study for someone who wants to make a difference in the business world.
Be a Top Executive
If you want to be a top executive, you need to know how to manage operations. That knowledge will keep you current with industry trends and give you deep insight into how the industry works. You'll also get to work with new tech, which can give you a huge competitive advantage.
Stay Updated
The MBA in Operations Management program will keep you up-to-date on the latest industry trends and technologies.
Gain In-depth Knowledge of Industry Operations.
Pursuing an MBA is a great way to get in-depth knowledge of how an industry works. After graduating, you'll be ready to rock in a variety of operations management positions. You'll be able to manage projects, allocate resources, and make sure operations are efficient and effective.
Chance to Work with New Technology
Getting an MBA in operations is an awesome way to learn the inside workings of an industry. After you graduate, you'll be ready to rock in a variety of operations management jobs.
MBA in Operations Management Admission Criteria
| Criteria | Description |
|---|---|
| Eligibility | Bachelor's degree in any discipline |
| Minimum GPA | Varies by program (typically 70% or equivalent) |
| Entrance Exams | CAT, MAT, XAT, CMAT, etc. (scores required vary) |
| Work Experience | Preferred by some colleges and for some programs (may waive for exceptional academic profiles) |
MBA in Operations Management Fees
| Type of Course | Eligibility Criteria | Admission | Estimated Fees (INR) |
|---|---|---|---|
| Full-Time | Bachelor’s degree with 50% marks | Merit/ Entrance Based | 10,000 - 20,00,000 |
| Executive MBA | Bachelor’s degree + 2 to 5 years of work experience | Merit/ Entrance Based | 15,00,000 - 27,00,000 |
| Online | Bachelor’s degree with 50% marks | Merit-Based | 40,000 - 50,000 |
| Part-Time | Bachelor’s degree with 50% marks | Merit/Entrance Based | 10,00,000 - 17,00,000 |
| Distance MBA | Bachelor's degree with 50% | Merit/Entrance Based | 40,000 - 70,000 |
*Fees may vary from college to college.
MBA in Operations Management Salary in India
The salary for an MBA in Operations Management in India varies based on factors like experience, location, and company. Fresh graduates can expect an average starting salary between INR 6 to 12 lakhs per annum. With 5-6 years of experience, professionals typically earn between INR 12 to 20 lakhs per annum. Senior roles, such as Operations Managers or Directors, can draw salaries upwards of INR 25 lakhs per annum. High-paying industries include manufacturing, logistics, consulting, and IT services. Your MBA college also plays a significant role in determining the salary you draw.
| Category | Expected Average Salary |
| Fresh Graduates (0 Workex) | 6-12 LPA |
| Experienced professionals (5-6 Years Workex) | 15-20 LPA |
Career Scope after an MBA in Operations Management
An MBA in Operations Management opens doors to a wide range of career options.
- Management Roles: Graduates can excel in leadership positions overseeing various aspects of a company's operations. This could include titles like Operations Manager, Supply Chain Manager, or Plant Manager.
- Process Improvement: With their expertise in efficiency, graduates can find fulfilling roles focused on streamlining operations and reducing waste. This might involve working as a Process Analyst or a Continuous Improvement Specialist.
- Logistics and Distribution: This path involves managing the flow of goods from production to the customer. Graduates can pursue careers as Logistics Managers or Distribution Center Managers.
- Data Analysis in Operations: Businesses increasingly rely on data to optimize operations. An MBA in OM combined with data analysis skills can lead to roles like Operations Analyst or Business Intelligence Analyst.
- Consulting: Consulting firms leverage the expertise of Operations Management graduates to help businesses improve their operational efficiency. This path offers a dynamic and challenging environment.
Conclusion
Are you prepared to take the first step toward your future in operations management? An MBA in operations management makes one a skilled contributor to any organization. This degree opens doors to a diverse career path, from streamlining processes to managing complex supply chains.
Cracku offers comprehensive preparation materials and expert guidance to help you excel in your entrance exams. Cracku's study materials and expert guidance are designed to help you succeed in your MBA program and career. Visit Cracku today to explore their resources and take your first step toward a successful career!
Frequently Asked Questions
An MBA provides a general business education, while an MBA in OM focuses specifically on the skills and knowledge needed to excel in managing a company's operations.
With a growing economy and complex supply chains, skilled operations managers are in high demand in India. An MBA in Operations Management can significantly enhance your career prospects and salary potential.
Some B-schools consider a holistic profile during admissions, including work experience, essays, and other achievements. However, a strong GMAT score can strengthen your application.
Fees can vary depending on the B-school's reputation, location, and program duration. Expect a range of ₹5 lakhs to ₹20 lakhs (subject to change).
This degree opens doors to various exciting careers, including Supply Chain Manager, Operations Manager, Logistics Manager, and Procurement Manager.
