With the advent of shopping websites and applications, anything can be ordered online, whether it is clothing, furniture, electronics or groceries. But did you ever wonder about the personnel that manage the whole chain of supply and logistics behind the packages you receive in sure-set delivery time? Encompassing the processes of supply chain planning and execution, Material Management is an emerging field of Business Administration and has gained immense prominence with the emergence of e-commerce websites. Pursuing an MBA in Material Management, students get to delve deeper into the different processes and techniques of efficient handling the material requirements of a firm and ensuring the safe collection, storage, distribution and delivery of the supplies to the end consumer. Through this blog, we will explore this evolving domain of Management as well as the key characteristics of an MBA program in Material Management along with the top universities you can pursue it from.
|Course||PGDM – MBA in Material Management|
|Eligibility||Bachelor’s in a related field|
|Admission Process||Entrance exam & Personal Interview|
|Course Fees||INR 2 lakhs – 10 lakhs|
|Average Salary||INR 5 lakhs – 7 lakhs|
|Job Options||BD Manager, Inventory Manager, Asset Manager, Corporate Manager, Senio Consultant, etc.|
|Recruiting Companies||Raymond, Pepsico, Hyundai, Mahindra & Mahindra, Future Group, Maruti Suzuki, Ford, SAIL, Nestle, etc.|
This Blog Includes:
- MBA in Material Management Syllabus
- MBA in Material Management Subjects
- MBA in Material Management: Entrance Exams
- Eligibility Criteria for MBA in Material Management
- MBA in Material Management: Top Colleges in India 2021
- Job Prospects & Salary
- MBA Material Management v/s MBA Actuarial Science
- Roles and Responsibilities
An MBA in Media Management is a 2-year master’s degree program which involves the study of managing the logistics and the other tangible elements in the chain of supply. Over the course of the program, you will be equipped with the knowledge of material identifying and planning, purchase procedures and systems, standardization techniques, handling of the packages and their transportation and inspection. Further, you will be provided with an insight into the several procedures and techniques of handling inventory, customers and vendor management.
MBA in Material Management Syllabus
It is a dynamic stream with various regions of specializations. The table below includes all a junior fellow can specialize in:
|Principles of Management and Organizational Behaviour||Packing Distribution Management|
|Total Quality Management||Quantitative Techniques for Management|
|Managerial Economics||Purchasing and Procurement Management|
|Marketing Management||Business Environment and Ethics|
|Management Information Systems||Logistic and Supply Chain Management Corporate Communication|
|Material and Store Management||Project Management & Documentation|
|Logistic and Supply Chain Management||Enterprise Resource and Planning|
|Human Resources Management||Strategic Management|
MBA in Material Management Subjects
Similar to any other degree that pertains to the broad spectrum of Management, an MBA in Material Management involves the study of various business concepts and further integrates them with the disciplines of supply chain and logistics. Given below is a list of subjects that are generally added to the curriculum of an MBA in Material Management.
- Managerial Economics
- Marketing Management
- Corporate Communication
- Research Methods for Management
- Principles of Management and Organisational Behavior
- Operations Management
- Export Trade and Documentation
- Packing and Distribution Management
- Purchasing and Procurement Management
- Project Management
- Logistics and Supply Chain Management
- Strategic Management
- Total Quality Management
MBA in Material Management: Entrance Exams
Some of the popular entrance exams for MBAs in Material Management are:
- CAT – conducted by IIM. The duration of the CAT Exam is two hours consisting of three sections. The official website is iimcat.ac.in
- GMAT – It is an internationally accepted score & valid for up to 5 years. Candidates can appear for GMAT 5 times a year.
Eligibility Criteria for MBA in Material Management
To get apply for a management program at a business school, you need to check out the criteria of eligibility of the particular courses in the respective colleges. Here is a list of general prerequisites that you need to fulfil in order to apply for an MBA in Material Management:
- A bachelor’s degree in a management-related field is essential.
- IELTS or TOEFL scores, whichever is mandatory in the country you are seeking admission in.
- Candidates are also required to clear GMAT which is applicable to a broad range of colleges abroad. However, some colleges conduct their own private tests that are designed to test the aptitude of the candidates applying to a particular course.
- To check the worthiness of a candidate, Group Discussion and Personal Interviews are also conducted.
MBA in Material Management: Top Colleges in India 2021
Presented below are some of the top universities for MBA Material Management in India with their location, fees structure, average salary:
|College||Location||Average Annual Fees||Average Annual Salary|
|Christ University||Bangalore||INR 3Lac||INR 3,00,000-5,00,000|
|Indian Institute of Material Management||Kolkata||INR 8,00,000||INR 4,00,000 -6,00,000|
|Xavier School of Management||Jamshedpur||INR 5,00,000||INR 2,50,000-5,40,000|
|SLIET||Sangrur||INR 51,000||INR 4,00,000-6,00,000|
|Indian Institute of Material Management||Kolkata||INR 8,00,000||INR 4,00,000 -6,00,000|
|Birla Global University||Bhubaneswar||INR 7,00,000||INR 2,50,000-5,00,000|
|SVPM’S Institute of Management||Pune||INR 79,500||INR 4,00,000-6,00,000|
|National School of Business||Bangalore||INR 4,30,000||INR 3,00,000-5,60,000|
|NSU||Jamshedpur||INR 2,71,000||INR 5,00,000-8,00,000|
|LPU||Jalandhar||INR 2,32,000||INR 4,00,000-6,00,000|
Job Prospects & Salary
Read on to find out the diverse career option as mentioned in the beginning –
|Job Profile||Job Description||Average Annual Fees|
|Materials Analyst||To design supply chain management, transport, export & import.||INR 4 lakhs – 6 lakhs|
|Sourcing Manager||Maintains company supply portfolio, implements strategies, and more.||INR 5 lakhs to 6 lakhs|
|Inventory Manager||To manage planning & procurement||INR 3.5 lakhs to 6 lakhs|
|Materials Manager||To ensure material flow, quality control||INR 5.5 lakhs to 8 lakhs|
|Purchase Manager||To maintain purchase records of the raw material, equipment & supplies.||INR 5 lakhs – 7 lakhs|
MBA Material Management v/s MBA Actuarial Science
MBA Material Management and MBA Actuarial Science are both demanding courses because of their similarities. Somehow they have differences in their areas of research specializations:
|Parameters||MBA in Material Management||MBA in Actuarial Science|
|Overview||It deals with logistics, supply, standardization, etc.||It is a professional course where mathematics & statistical skills are used.|
|Admission||XAT, GMAT, CAT||CAT, SNAP, GMAT|
|Course Fee||INR 3 lakhs – 8 lakhs||INR 10 lakhs – 20 lakhs|
|Eligibility||60% in BSc or BTech||60-70% in any relevant bachelors degree|
|Top Institutes||IIM, Christ University||Shankarlal Khandelwal Arts & Science College, Bishop Heber College, etc.|
|Job Option||Product Manager, Material Analyst, Purchase Officer, etc.||Quantitative Analyst, Actuarial Analyst, etc.|
|Average Annual Salary||INR 4 lakhs – 8 lakhs||INR 5 lakhs – 7 lakhs|
Roles and Responsibilities
An MBA in Material Management will help you explore key managerial profiles in supply chain and logistics. As a supply chain manager, you will be handling the following key responsibilities:
- Working closely with the logistics department to recognize the supply needs.
- Developing reports listing the requirements of vendors and clients.
- Engaging in negotiations and identifying potential vendors.
- Overseeing manufacturing processes
- Monitoring the inventory and access to various materials. You would be in charge of checking the material quality, its movement, and the expenditure.
Material, Logistics, Procurement are some of the major areas of specialisations.
Public College ranges from – INR 50k – 1 lakh
Private College ranges from – INR 5 lakh – 10 lakhs approx.
CAT, XAT, GMAT, MAT, IBSAT, NMAT entrance are the most popular entrance exams.
Hence, we hope that this blog helped you understand the key essentials of a degree like MBA in Material Management. If you are planning to pursue an MBA program and don’t know which specialisation you should opt for, our Leverage Edu experts are here to guide you throughout the process of choosing the right MBA degree as well as making an impressive application that can get you successfully shortlisted into your dream business school.