- Scope in the job market
Management of logistics is a very important area for any business organisation. With increased digitalisation of the market, the domain has diversified a lot in recent years. An MBA in supply chain management is usually a 2 years full-time professional PG degree. Some colleges also offer executive programmes.
E-commerce platforms have enabled local sellers to sell their products all over India. For e-commerce, logistics and supply chain management is central to the business model, as it comprises a significant portion of fixed costs.
So, effective management is directly connected to company revenues. Many e-commerce platforms now outsource product delivery to companies working solely in logistics. A number of new companies have emerged in the last few years and support the e-commerce architecture in India.
Traditional delivery companies, such as DTTC and Safexpress, have also diversified to accommodate e-commerce. So, an MBA in supply chain management has great value and ample employment opportunities in the new market.
- Salary and roles
The starting salary after MBA in supply chain management is around 3 to 5 LPA. As a fresher, your salary will depend on the experience and exposure you have gained during the course. After you have an experience of two years, you will be eligible for higher positions. Usually the salary range is between 6 to 8 LPA at this stage.
Usually, top colleges offer graduates higher packages during placements. Once you have an experience of more than 5 years, your CTC will be between 8-12 Lakhs with ample incentives and bonuses.
There are many entry level managerial roles in the domain of supply chain management. Companies like Delhivery, DTTC, DHL, and many more regularly hire supply chain management MBA graduates.
Companies in other domains, such as, automobile, food and agriculture, IT products and service, etc. also regularly hire professionals for logistics operations. Some of the entry level roles in the field are:
- Supply chain programme manager
- Process manager
- Inventory manager
- Top colleges for MBA in logistics & supply chain management
It is a relatively new specialisation which has branched out from the broader field of operations management. Many colleges now offer PGDM and MBA courses in supply chain management. The following are the key factors to look for before choosing a MBA college:
- Fee vs return on investment (ROI)
- Internship opportunities
- Industry exposure
- Soft-skills development
Top 3 colleges that combine all elements to create all round professionals in logistics and supply chain management are:
- Himgiri Zee University, Dehradun :
Located in the hilly state of Uttarakhand, this university has come up in collaboration with the Zee group. The MBA in Logistics and Supply Chain Management programme is offered as a joint venture with Institute of Logistics and Aviation Management (ILAM). The course fee is 4.5 Lakhs in two years. The placement records at the university are quite good and there are many internship opportunities during the course.
- Amity University, NCR
The CIIT school of logistics at Amity, Noida campus, offers several courses in supply chain management and logistics. Aspirants opting for the MBA programme can choose between two specialisations:
- Logistics and Supply Chain Management
- Supply Chain Analytics and Management
The course fee is 7.5 Lakhs for 2 years. Since Amity is the best private university in India, there’s little doubt about its placement records. The institute has several global collaborations, especially through Amity’s Dubai campus, and candidates get several opportunities to intern in top companies during the period of study.
- Lovely Professional University, Jhalandar
The MBA programme in Supply Chain Management is offered in collaboration with Safeducate. It is an international programme and candidates are given the option of transfer to a foreign university in the 2nd year. The course fee is 9.5 Lakhs in two years, with additional expenses, if you choose the international transfer option. Meritorious students are offered scholarships based on their performance in the entrance. Many companies regularly hire freshers as well as interns from LPU.
Although it’s a specialised course, the first semester usually consists of foundational papers on management with a basic introductory paper in the specialisation area. After that, only courses related to the field are taught.
The nature of papers vary from institute to institute, depending on the primary area of emphasis. But there some core papers that are taught in all programmes, such as:
- Total Quality Management and Six Sigma
- Management Information System
- Warehouse and Inventory Management
- Supply Chain, Transportation, Design and Simulation
As an example of other papers offered by different institutes, you can consider the MBA programme at Himgiri ZEE university, Dehradun. Along with the core courses, they offer specialised papers on the following areas:
- International Business
- Dissertation in final semester
However, some papers, such as Business Communications and Financial Management, are usually taught over more than one semester.
Logistics and supply chain management is an area that has been fast expanding with the e-commerce boom. There are many opportunities in the market and logistics businesses as well as other businesses with a logistics unit, both regularly hire MBA freshers. The opportunities are many and the CTCs offered are also handsome. However, getting into a top college that offers industry exposure should be a priority, so that a successful corporate career can be built.