MBA in Industrial Management: MBA in Industrial Management is a postgraduate business course that inculcates in a student with the skills and knowledge that are required to manage different functions at a factory. It is a two-year degree program that helps a student understand the operations, planning, and financial aspects that are involved in running a business. Students of this program gain managerial and technical skills that are required to face challenges in the industry. The course is best for students who want to get into the manufacturing sector. Keep reading to know more about the course syllabus, salary, colleges, and distance education programs.
This Blog Includes:
- Why study MBA in Industrial Management?
- Eligibility Criteria
- Top Colleges
- Distance Education
- Types of MBA in Industrial Management Courses
- Pathways after Industrial Engineering
- Skills Required
- Merits and Challenges
- Jobs and Salary
- MBA Entrance Exam
- Future Scope
- Is it the Right Course for you?
Why study MBA in Industrial Management?
Below are the reasons why a student should choose MBA in Industrial management.
- The course will help the student gain greater awareness of the global market, widen their professional network, and manage time better.
- The student will also learn about general management, sustainable production and technology, and digital transformation.
- After completing MBA in Industrial management the student will get a variety of work opportunities and will be eligible to work for top-notch industrial companies.
- Salary in India ranges between INR 3 lakh- INR 10 lakh per annum.
- It is the most sought-after course for students with innovative minds
Relevant Read- MBA detailed guide
Below is the general syllabus for MBA in industrial management.
|1||Principle of Management and Organizational Behaviour|
|2||Business Analysis Tools|
|3||Quantitative Techniques for Management|
|4||Total Quality Management|
|5||Industrial Project Management|
|6||Purchasing and Procurement Management|
|7||Management Information Systems|
|8||Business Environment and Ethics|
|10||Supply Chain Management|
|12||Project Management & Documentation|
|15||Human Resources Management|
|16||Enterprise Resource and Planning|
Below are the eligibility criteria for MBA in Industrial Management.
- The student must possess a bachelor’s degree with a minimum of 50% marks from a recognized college or university
- The student must clear the entrance examination for the same.
- Work expensive in the industry is preferred but not mandatory.
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Below is the list of top colleges for MBAs in industrial management that students can apply to.
|University Name||Annual Tuition Fees||Admission Process|
|NITIE, Mumbai||INR 2.38 lakh||CAT/ MAT/ XAT|
|IISWBM, Kolkata||INR 2.28 lakh||CAT/ MAT/ XAT|
|NICMAR, Pune||INR 1.78 lakh||CAT/ MAT/ XAT|
|Integral University, Lucknow||INR 58,000||CAT/ MAT/ XAT|
|OPJS University, Churu||INR 98,500||CAT/ MAT/ XAT|
MBA in Industrial Management can be done either full-time or part-time. Moreover, it is a course that supports distance learning. Here is a list of colleges where you can pursue this course in distance learning
|Distance Learning Top Colleges||Annual Fees|
|NMIMS global access school for continuing education||NA|
|Neptune Institue of Management and Technology, New Delhi||INR 10,000|
Types of MBA in Industrial Management Courses
As we discussed above, the MBA in Industrial Management can be done full-time or part-time. The different types of courses one can pursue are briefly mentioned below.
Part-Time MBA in Industrial Management
Pursuing a part-time program always helps students to have flexibility in their schedules. The programme’s practical expertise supersedes theoretical comprehension. Best choice for students who are willing to pursue MBA with a flexible routine.
Full-Time MBA in Industrial Management
The 2 year full-time MBA in Industrial Management course provides benefits to the students like connecting closely with teachers and other students. This helps them to expand their study exposure and knowledge. The course helps the students to explore practical knowledge other than theoretical understanding in this field.
Distance MBA in Industrial Management
Distance learning is an ideal option when pursuing MBA in Industrial Management after having bachelor’s degree. You might have less time to attend the traditional sessions or have limited time to invest in the classes. Distance learning option can make things easier for you. Depending on the candidate’s schedule, it takes two or three years to finish.
Pathways after Industrial Engineering
Several educational pathways can be followed by an individual to become an industrial manager. They are listed below.
|Pathway 1||BS/ BE/ B Tech degree in Industrial Engineering along with Engineering Management, Industrial & Production Management, Production Management, Manufacturing Management or similar courses|
|Pathway 2||B.Eng in mechanical, chemical, or electrical engineering. Master’s in Industrial engineering, industrial management or Industrial engineering and management|
|Pathway 3||B.E in Engineering and MBA in industrial management|
|Pathway 4||B.A and M.A in engineering followed by MBA in industrial management|
|Pathway 5||B.A. in engineering or similar courses such as physics. It can be followed by MBA in industrial management.|
|Pathway 6||B.A. and M.A. in engineering or science subjects such as physics. It can be followed by an advanced diploma in Industrial management|
|Pathway 7||B.A in industrial management and technology and optional Master’s degree|
|Pathway 8||B.A in engineering with MSc in Mechanical engineering with Industrial management (International)|
|Pathway 9||BSc in any subject followed by Msc in Industrial management and innovation (International).|
|Pathway 10||B.A. in engineering or similar courses like physics followed by a Master’s and MBA in Industrial management.|
Below are the skills required for MBA in Industrial management. Several companies require professionals with these skills.
- Develop analytical models of production systems
- For the successful management of large and complex organizations, quantitative skills are required
- Optimization skills for the supply chain management process
- Operations management skills and the ability to organize business processes are essential
- The skill to evaluate manufacturing cost, predictive and preventive maintenance, and work method designs are in demand.
Merits and Challenges
There are several merits and demerits of choosing to study MBA in industrial management. For awareness, students can go through the merits and challenges listed below.
|High yearly salary||Long working hours. That is, 9 to 5 on a regular basis|
|Can work in several industries such as automotive, oil, food, electronic, and cosmetic industries||Difficult decisions have to be made in important situations|
|Can work in public administration, hospitals and other spaces||Might have to do extra shifts to complete the deadlines|
|Get to work in different verticals in a company such as supply chain management and quality assurance||Have to manage several verticals of a business even while handling a lower role.|
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Jobs and Salary
Below is the list of jobs that a student can apply for. We have also listed the average salary for your reference. Do note that a fresher can earn between INR 4 lakh- INR 8 lakh. Students hired by international firms have the potential to earn more. They can earn up to INR 18 lakh per annum.
|Designation||Average Annual Salary|
|Purchase Manager||INR 7 lakh per annum|
|Industrial Production Manager||INR 4.85 lakh per annum|
|Project Manager||INR 8.12 lakh per annum|
|Quality Assurance Manager||INR 5.95 lakh per annum|
|Organizational Consultant||INR 6.29 lakh per annum|
|Construction Manager||INR 5.52 lakh per annum|
MBA Entrance Exam
There are various MBA entrance exams conducted in the country for the aspirants willing to take admission in MBA programmes. Universities evaluate the knowledge of aspirants and also consider their scores secured for the admission process.
Students willing to pursue must know about all the MBA entrance exams held. The list of the following exams is briefly given below.
- Common Admission Test (CAT)
- Zavier Aptitude Test (ZAT)
- Management Aptitude Test (MAT)
- Common Management Admission Test (CMAT)
- Maharashtra Common Entrance Exam (MAH CET)
MBA in industrial management offers a wide variety of job options to students. After the completion of the course, a student is eligible to work as Project Manager, Business Development Executive, Industrial Production Manager, Production Manager, Compliance Officer, Operations Manager, Quality, Assurance Control Manager, Purchasing Manager, Facility Manager, Organisational Consultant, and Construction Manager.
Students with an MBA in industrial management can also choose to pursue higher education such as a PhD in the same field. Another option is to pursue the Fellow Programme in Management (equivalent to PhD) provided by the IIMs. Students can also prepare for competitive examinations that offer jobs in the government sector.
Is it the Right Course for you?
Follow these steps to identify whether Industrial Management is the right career choice for you.
- Get to know your strengths and weaknesses. It includes your interests, aptitude and personality.
- Conduct personal research on a career in Industrial management.
- Find out the course you need to do after the 12th examination. For example, whether you need to do Bachelor’s in a different discipline first.
- Find out the best colleges and institutions offering training in this field.
- Finally, make an informed decision based on the information you have gathered.
Ans. MBA in Industrial Management is a 2-year degree course that imparts skills to students that will enable them to manage different functions at a factory. The program is aimed at teaching the operations, planning, and financial aspects that play a crucial role in the functioning of any industry.
Ans. The salary of MBA in industrial management students can range between INR 4 lakh – INR 12 lakh per annum.
Ans. Industrial management is an important part of any economy. As a result, it is a good degree that any student can pursue.
MBA in industrial management is a postgraduate degree that helps a student how to manage different challenges faced in an organization. The program prepares the students for a variety of jobs including Project Manager, Business Development Executive, Industrial Production Manager, and Production Manager, among others. We hope the information will be helpful for the students.
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