MBA in Material Management

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MBA in Material Management

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
Duration 2 years
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. 

Overview

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 in Material Management: Distance Education 2021- 22

Following are the headlines of the MBA in Material Management in Distance Mode: 

Particulars Details
Course Name MBA Materials Management Distance Education
Duration 1 to 2 year
Eligibility Graduation Passed with 45%
Admission Process Online/Offline
Fee Structure Distance and online education ranges from INR 15000 – INR 30,000/year
Type Online/Distance
Level PG
Approved By University Grant Commission (UGC)
Offered By University
Top Recruiting Companies Orient Refract, Vesuvius India, Sanghi Ind, Ramcoind, Indian Hume, Everest Ind, Visaka Ind, Morganite India, Sahyadri Ind. 

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. 

FAQs

What are the areas of specializations in this course?

Material, Logistics, Procurement are some of the major areas of specialisations.

What is the fee structure in MBA in Material Management in public & private colleges?

Public College ranges from – INR 50k – 1 lakh
Private College ranges from – INR 5 lakh – 10 lakhs approx.

What are the popular entrance exams accepted by reputed companies?

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.

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