MBA in Operations Management: A Growing Career Path
Operations management
Operations management(OM) is a design, maintenance and improvement of business processes to produce and deliver goods and services to customers, aiming to identify and solve problems that hinder these processes. It is concerned with managing a production system that converts inputs to outputs. This covers major functions of organization and covers most of the sectors like banking systems, hospitals, companies and so on. It is responsible for both strategic and day to day production of goods and services.
MBA in Operations management
Business management course in operational management teaches business administration with a focus on managing operations and logistics. This course also teaches you teamwork as the operational managers are to oversee all the efficient and productive performance of several departments and individuals.
The MBA in operations teaches students about:
- Inter department cohesion
- Data-packed decision making
- Complex solving problems
- Effective communicative methods
Courses offered:
- Business fundamentals
- Accounting and finance
- Leadership
- Economics
- Data analysis
- Quality control processes
As this is the master's degree there are three alternative methods to pursue this course
- A dedicated operations management MBA.
This is primarily concerned of internal working of corporations
The students are trained in the aspects such as:
Forecasting sales- Analyzing production techniques
- Adhering to quality standards
- Boosting productivity
- Ensuring customer satisfaction
- Related programs in the fields of supply chain and logistics.
The main focus of this course is on corporation external operations such as raw material procurement, storage and product delivery. This program provides training such as
- Negotiating skills to handle vendors and other stakeholders
- Auditing to evaluate suppliers and manufacturers
- Resource management
- Financial acumen to ensure cost optimization
- An MBA with an Operations management module.
This program helps graduates to build a strong foundation in business administration with more flexible options. There are courses in Business law, finance,accounting and money markets.
This course also has electives such as HR, logistics, health care and investment banking and so on.
Careers opportunities in MBA Operations Management
Every department includes several departments performing varied functions. So, these departments operate with coordination, efficiency and productivity by the operation managers.
Operation managers ensure products and services of highest quality reach customers on time.
These managers have a various fields to work on few of them are specified:
Supply chain management:
- supply chain bridges the gap between demand and supply in this global market, from procuring raw materials to delivery of the finished products.
- Supply chain management executives have to have excellent communication skills,decision making skills.
- With these above essential qualities they can work in the human resource department, with their strong technical skills they can source raw material, maintain inventory, oversee manufacturing, transportation,distribution, and coordinate storage.
Operations management consulting:
- The consultants are good at studying the existing system, identifying problem areas, formulating new strategies and helping implement them.
Internal Auditing:
- The internal auditors help analyze key products, optimize management, and use of resources in an organization to boost productivity.
Operations strategy:
- Build up the strategy for the excellent performance of the corporation periodically so as to follow up the unstable global market and changing technologies.
Distribution and logistic planning:
- Management executives keep track of storage, package and transportation of products for the authentic delivery.
Inventory planning and control
- Thie plays a role in restoring the stocks by estimating the demands and distribution of them.
Business process improvement or reengineering
- Restructuring the operational mode for the improvement and design and implementing new procedures for efficient performance.
- Strategic planning: strategic planners conduct SWOT analysis of production networks and implement and execute a new strategy for efficient and accurate output.
Quality control:
The quality control manager is to perform quality tests on the products and come up with new methodologies to enhance the product quality.
Sales and marketing:
This is one of the responsible and highly creative jobs. The marketing manager or executive has to have good communication skills, knowledge of marketing strategies and models, information of latest products and details of the same. So, to raise the company sales with skills.
Career journey in the Operations management sector?
The graduates have to work hard with strong determination and dedication to reach the top position in any corporate sector. In order to gain experience and knowledge the managers ha s to strive from the scratch and perform the roles such as
Project coordinator
Handle administrative tasks, place purchase orders,manage workflow and meet deadlines, schedule appointments and meetings.
Project manager
Ideate and plan projects, oversee and coordinate execution, ensure schedules adhere to, manage the budget.
Senior project manager /project director:
Manage human resources, hire a team and oversee them, ensure proper implementation of project, source supply.
general /operations manager
Oversee daily functioning of different units, set performance goals, formulate growth strategies, establish policies, hire senior staff, oversee training.
Director of operations
Supervise all aspects of the firm's operations, set long-term strategic goals, lead mid level executives, communicate with senior leadership.
The standard organizational designations in leadership roles include vice-presidents of operations, chief operating officers(COO), and they are to report to the CEO of the corporation.
Also Read : MBA in Finance vs. MBA in Marketing
Benefits of pursuing an MBA in Operations Management
An efficient operational manager is the backbone of the firm.
According to the payscale, the salary of the operational manager range is $54,000-$136,000 per year in the USA.
Development operational manager is one of the top 25 highest-paid jobs according to Educations.com during 2023.
The BLS data predicts faster than average projected growth rate(6.1%) in this field from 2021-2031.
To become a business operational manager it takes years as the candidate must have knowledge of different aspects of running business such as customer service, manufacturing, retail etc.
MBA in Operations Management: Top Recruiters
- McKinsey&co- management consultants
- Deloitte consulting LLP- financial advisors
- Boston consulting group
- Amazon
- Maersk
- Blue Dart
- Tech Mahindra
- Cognizant
- Wipro
- Maruti Suzuki
- Tata consultancy
- DTDC
- Jhonson &Jhonson
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FAQ’s
- Is there scope for an MBA in Operations Management?
Yes, there are enormous career opportunities in many renowned organizations.
2 .What are the careers for supply chain managers?
The supply chain managers can be in the distribution industry, transportation industry, inventory management and so on. Maybe AI management in the future.
3.What skills are necessary for an operations manager /executive?
Excellent communication skills, managing human resources, knowledge in different aspects such as manufacturing, retail and so on.
4.What do operation management professionals do?
Operational management professionals attempt to balance operating cost with revenue to maximize net operating profit.
5.What is the highest position in Operations manager?
Chief operations manager(COO)
6. What is the future for an operations manager?
Operations manager will have to work with digital tools and platforms.
