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 efficiently 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 identification 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. 

Why You Should Study for MBA in Material Management?

MBA in material management provides great platforms for students who have plans to manage materials such as raw materials, finished goods materials, and work-in-progress materials.

• As the subject is based on practical works, the students need to enhance their performance while going through the course.
• This two-year course will help students become more job-ready.
• Students can receive high-paying job opportunities.

MBA in Material Management Syllabus 

It is a dynamic stream with various regions of specialization. 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	Logistics 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 for 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 the 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 Discussions and Personal Interviews are also conducted.

How Can You Get Admission to Top Indian Colleges?

This is one of the most important things you need to know about an MBA in material management. Here are some points you should remember if you want to complete your MBA in material management from a reputed college in India.

• Make sure you reach the top colleges so that you can know more about the course materials.
• Filter the colleges by paying close attention to the career options, faculty, and syllabus.
• Make sure you check the notifications as well as updates.
• Prepare for the entrance exam as per your syllabus.

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, and 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

Best Books to Prepare for MBA in Material Management

Here are the best books that will undoubtedly help you prepare for MBA in material management.

Books	Author
GMAT Official Guide 2023	GMAC
Barron’s GMAT Math Workbook	Ender Markal
Quantitive Aptitude for CAT	Nishit K. Sinha
Complete Guide for MAT and Other MBA Entrance Exams	Disha Experts

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 specialization: 

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 bachelor’s 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

If you want to get into a high-ranked university, you’ll need more than just good grades; you’ll also need flawless application because the competition is fierce. You may enlist the assistance of Leverage Edu specialists to assist you with the application process so that you can realise your goals. Call us immediately at 1800 57 2000 for a free 30-minute counselling session.