Owing to the popularity of MBA programs, there is a wide range of specializations that have sprouted for those wanting to pursue this degree. Ranging from Healthcare Management to Airport Management, you can pursue a Master of Business Administration degree in a wide range of areas of study. The arena of Management itself has branched out into many sub-disciplines such as Power Management, Media Management, Material Management, Aviation Management, amongst others that are available in different types of MBA courses across the globe. Concerned with the domain of logistics and supply chain management, Operations Management MBA is another specialised course offered under this degree and aims to impart students with the knowledge of efficiently managing business practices in an organisation. This blog will provide you with a complete guide on what Operations Management MBA degree entails, eligibility requirements you need to fulfil as well as top universities you can pursue it from.
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What is Operations Management?
Operations management is an amalgamation of the two fields of logistics and supply chain management. It is concerned with the management of inventory of an organisation through the supply chain. In a commercial firm, operations managers organize, plan and supervise the production and manufacturing processes. Further, they also ensure that the firms turn the investment into great revenue. After completing your Operations Management MBA, you can explore career profiles where you would be overseeing the production and outputs, obtaining good and services from outer sources and ensuring the sustainability of the organization while keeping in mind the judicious use of resources. Moreover, as an Operation Manager, you would also have to critically handle the extreme situations arriving with the clients related to the shortage of resources and skyrocketed expectations.
Pursuing Operations Management MBA, you will get to know about the different processes that are vital to the functioning of a company and how they can be effectively and efficiently carried out together in a seamless manner. For an industrial firm, there is a demand of coordination for ensuring a smooth flow of different processes and this is why logistics is a crucial area of study that focuses on maintaining and regulating the different activities under the supply chain. Further, you will also get the opportunity to study the global perspective regarding industry trends and awareness about the financial regulations. Students will get to learn the strategies to solve the intricate complexities with respect to risk management as well as various other concepts such as manufacturing strategies, product design, logistics, operation strategies, plan design and layout combined with data analytics.
Curriculum of the Course
The operations management MBA course ranges from 1-2 years and there is no such specific duration of the course as it varies from one university to another. Here is a list of the core subjects that are generally a part of this degree program:
- Business Statistics
- Operations Research
- Project Management
- Material Management
- Supply Chain Management
- Financial Accounting and Management
- International Logistics
- Enterprise Resource Planning
- Marketing Management
- Human Resource Management
- Information Technology and System Management
- Technology and Innovation Management
For those wanting to pursue Operations Management MBA, the essential prerequisite is to have minimum schooling of 10+2 along with an undergraduate graduate degree preferably in Commerce-related fields. Most of the university also prefer candidates with a significant work experience of minimum 2 years or more in the relevant field of specialization. Also, there are various exams for MBA abroad that you should know about especially GMAT which is usually required by almost every university and business degree offering this degree. Further, English proficiency tests such as IELTS, TOEFL or PTE might also be required.
Top Institutions Offering Operations Management MBA
There are numerous business schools and institutions around the globe that offer an array of Operations Management MBA courses. Below we have mentioned the major universities you can choose from in order to pursue this degree:
- Harvard University
- Massachusetts Institute of Technology
- Purdue University
- The Wharton School, University of Pennsylvania
- Stanford University
- IE Business School, IE University
- London Business School
- HEC Paris
- University of Michigan
- Northwestern University
- Georgia Institute of Technology
- Ohio State University
- Indiana University
- Cornell University
- Arizona State University
After finishing your master’s degree in Operations Management, you can discover varied career prospects where you would be expected to handle, oversee and advance the routine business projects aiming to reduce the expenses of the company and efficiently increasing the profits. Below mentioned are some of the sectors where you can find immense job opportunities with a degree like Operations Management MBA:
- Financial Institutions
- Management Consultant
- Information Technology
Still thinking why you should opt for Master of Business Administration? Check out our blog on top reasons to consider pursuing MBA.
Thus, we hope that this blog has helped you understand the key essentials of Operations Management MBA. If you are planning to pursue an MBA degree in coming year, our Leverage Edu experts are here to guide you throughout the application process for January intakes 2020 to ensure that you get successfully shortlisted into your dream university abroad and get a step closer to fulfilling your career aspirations.