Study MBA In Supply Chain Management In The USA

MBA IN SUPPLY CHAIN MANAGEMENT IN THE USA

By Whizstorm 2020-08-14

MBA IN SUPPLY CHAIN MANAGEMENT IN THE USA

Almost all large scale companies function as a supply chain, so it is necessary to have skilled and experienced professionals in this sector. According to The Bureau of Labor Statistics, there will be a substantial growth in various professions in the supply chain by 7% in the next decade. The careers in supply chain management often have a global range which gives opportunities for professionals in this field to work anywhere across the world. MBA in supply chain management course focuses on developing critical thinking and problem solving skills in the students required for the process of products and supply or consign from the manufacturer to the provider or to the end client or consumer. Further in this article we will discuss the specialized courses and concentrations in MBA supply chain, best universities, differences with other master degree courses, scholarships, etc.

Eligibility:-

- Applicants must be a graduate form a recognized university and must be able to produce transcripts of his academic performance during the admission process.

- A relevant experience in the selected course is an added advantage but it is not compulsory for applying to MBA courses. However, few universities or programs may require a relevant job experience of 1-2 years as their requirement for MBA in supply chain management.

- Most of the graduate programs including MBA programs require strong performances in the undergraduate courses through your GPA scores.

- The performance in the MBA entrance exams like CAT, CMAT, SNAP, XAT, MAT, NMAT or GMAT is measured by the university to select students during the admission procedures.

Application Material:-

You can check your application considering the following documents:-

- Academic Record/Transcripts

- Letters of Recommendation

- Essays/SOPs

- Standardized test scores ( GRE/GMAT test scores)

- English language Test scores (TOEFL/IELTS or PTE test scores)

- Resume

- Application fee ( Ranges from $100 - $300)

Specialized Courses in MBA - Supply Chain Management:-

Courses in MBA supply chain management are not only based on the understanding of supply chain and logistics business units but also deals majorly with topics like global operations, digital inventory management and subjects about managing essential business processes and guide them towards growth and profitability. Following are some specialized courses involved in supply chain management program:

- Global supply chain design and management

- Applied data analysis

- Supply chain systems integration

- Strategic sourcing

- Technology and product innovation management

- Strategic purchasing and supply management

- Logistics operations methods and systems

- Decision Modeling for supply chain managers

- Manufacturing design and control

Concentrations offered for an MBA in Supply Chain Management:-

There are many MBA supply chain management programs which offer courses to students according to their personal interest and career goals which help them deepen their knowledge particularly in a subject. These are often termed as ‘concentrations’ offered in selective programs or universities in the USA.

1. Logistics Management: - Involves study of qualitative and quantitative methods of decision making for transportation managers and distribution managers.

Job positions: - Logisticians, Logistics managers, Transportation managers.

2. Global Business: - Involves study of global business structures, multinational finance and learning of social, political, economic and technological features of global business.

Job positions: - Business practitioners and Strategic leaders.

3. Quantitative approaches: - Involves study about using skills to analyze and organize complex supply chains.

Job positions: - Cost estimators and Operation managers.

4. Logistics and Operations: - Involves combined study of both logistics and operations concentration with learning of business law and finance, accounting and marketing, etc.

Job positions: - Logisticians, Operations managers, and Logistics managers.

5. Logistics and Transportation: - Involves study of business law, reverse logistics and finance, exploring spreadsheets and improvement techniques.

Job positions: - Supply chain managers, Global logistics managers, Transportation managers, and Material planners.

Course duration and Tuition costs:-

The MBA in supply chain management has course duration of 1 or 2 years in general and may vary with program and university. This duration may change in case of part-time or online MBA programs.

The tuition costs in universities in the USA for all MBA programs are almost the same. The difference in the fees and expenses can only vary depending upon the location,

type of program and the rankings of the university. Most of the top universities like MIT Sloan and Stanford universities have tuition costs around $70,000/ year or more for a full time MBA in supply chain while other universities have tuition costs around $30,000 - $50,000/ year. Please note that these figures show the in-state cost for each university and out-of-state tuition costs are comparatively higher.

Best Universities:-

The following are the best universities in terms of quality education, global reputation and renowned among international students:-

- Michigan State University (Broad) - Massachusetts Institute of Technology (Sloan) - Arizona State University (W.P. Carey) - University of Tennessee - Knoxville (Haslam) - Pennsylvania State University-University Park (Smeal) - Ohio State University (Fisher) - Carnegie Mellon University (Tepper) - Purdue University-West Lafayette (Krannert) - Stanford University - University of Michigan-Ann Arbor (Ross) - Georgia Institute of Technology (Scheller)

Difference between a Master’s in Supply Chain Management and MBA in Supply Chain Management:-

Although both Master’s in Supply Chain Management and an MBA in the same have similar courses/subjects and may lead you to the same positions but there are some significant differences in the format and design of both the programs.

A master in supply chain deals with technical aspects involved in supply chain and the subjects are applicable just to supply chain whereas an MBA in supply chain involves more management, leadership and business related courses with respect to supply chain. Also, students in MBA require 36 to 49 credits of coursework while master students require 30 to 44 credits of coursework for respective topics for each course i.e masters and MBA.

Supply Chain Management Career, Positions and salaries:-

As we discussed above, supply chain management is a profession with worldwide scope and has many opportunities in a wide range of departments. Professionals in supply chain management are hard working, organized planners and either work sometimes in an office setting or at an on-site factory or fast paced assembly line. Some career options along with their salaries are listed below:-

1. Logisticians: - The job is to manage the allocation of the product till the delivery of it under a fast paced environment.

Average annual salary: - $145,700.

2. Operations Manager: - The job is to plan, manage, and guide the operations and effectively use materials and human resources to manage organizations.

Average annual salary: - $125,460.

3. Purchasing Manager: - The job is to manage, plan and deal with merchandising officers, purchasing officers, buyers involved in purchasing products, services, etc.

Average annual salary: - 115,760.

4. Transportation, Storage and Distribution Manager: - The manager is in charge of planning, managing and coordinating transportation, storage and distribution related activities within government laws and regulation.

Average annual salary: -$92,000.

5. Cost Estimator: - The job is to collect and analyze data to calculate spending on materials and determine the time required for manufacturing a product or for constructing a building.

Average annual salary: -$65,000.

Scholarships:-

The following are the scholarship and fellowship programs specifically offered for supply chain management program:-

- Alabama Student Grant Program

- David R. Parsley Scholarship fund for supply chain Management

- Chad Jones Memorial Scholarship program

- Howard Bernstein Industrial Distribution Scholarship

- John J. Murphy Supply Chain Scholarships

- Supply Chain Transportation and Logistics – University of Washington

- The John Galt Scholarship for Future Supply chain Leaders

- Helene M. Overly Memorial Graduate Scholarship

- Hani Zeini Scholarship