Operations Management MBA: Options
Here we discuss various career options for those with an MBA in Operations Management, as well as salary details for some of the careers. Students can also get an overview of the MBA program and common courses.
Operations management looks at the planning, organizing, and supervising of various production and manufacturing services of an organization. The goal is to turn inputs into outputs in an efficient way. A graduate of an MBA in Operational Management program has many career options at their disposal. Some of the most common include operations management, supply chain management, logistics planning, inventory control management, and business consultation.
Supply Chain Manager
Individuals working in managing supply chains may be called purchasing agents, buyers, or purchasing managers. Their job entails buying services and goods for the company or organization that employs them. It's their job to find the best products for the lowest price. They must be knowledgeable about various suppliers, both domestic and foreign, and the factors that may affect supply. They usually are experienced in a particular type of merchandise and know how to analyze the buying preferences of customers.
The U.S. Bureau of Labor Statistics (BLS) predicts that purchasing managers will see slow growth of 1% from 2014-2024, although some sectors may see faster growth in jobs. Purchasing managers made a median yearly wage of $111,590 in 2016.
A logistics manager works with the departments of purchasing, marketing, and manufacturing to implement and manage supply chains, both export and import, that are cost-effective. They are responsible for developing strategies for distribution and creating and maintaining contacts with logistics intermediaries. They make sure that goods coming into the country from foreign markets meet U.S. and international export and import laws. Logistics managers made a median salary of $62,828, based on March 2017 data from PayScale.com.
A consultant may work with a company to improve various aspects of its operations associated with logistics and supply chain management. He or she may bring into play information technologies and use strategic planning to recommend operational changes. A consultant may work on global optimization of a supply chain, selecting software and strategic sourcing. They may also assist clients in implementing a knowledge base along with logistical processes and tools to increase the client's profitability. Business consultants had a median income of $71,254, according to March 2017 data from PayScale.com.
Inventory Control Manager
It's the job of an inventory control manager to create, perfect, and put in place plans that minimize costs associated with inventory but meet customer service expectations. They oversee the systems used for inventory management as well as any actual, physical inventory processes. They are responsible for inventory quality and the flow of inventory through the system. PayScale.com reported that inventory control managers earned a median salary of $55,093 per year in March 2017.
Operations Management MBA: Overview
Operations management MBA programs are designed to help students earn the qualifications required to work as an executive overseeing company operations. In addition to the core classes typically associated with a Master of Business Administration (MBA), the operations management concentration may include courses in quality, supply chain, global operations and project management, operations planning, and service operations strategy.
Graduates of an MBA program in operations management can work as supply chain managers, logistics managers, consultants, and more. Graduates will have mastered coursework in quality, project management, and service operations strategy, among other topics.