MBA in Operations Management: Fees, Salary, Scope & Top Colleges

What is an MBA in Operations Management?

MBA in operations management is a 2-year postgraduate degree which is based on developing expertise in managing the operations of a company. It includes strategy making, quality improvement, and improving the design and execution of the day-to-day processes of business.

Operations management leads to the saving of time and cost for the organisation. The role of operations manager in any organisation is very important as they work on every aspect of a business and are in touch with every manager in the organisation in operations management.

Students are taught subjects like statistics, mathematics, little engineering and managerial knowledge. 

MBA in Operations Management Key Highlights

Why should you study an MBA in Operations Management?

1. A wide range of subjects is taught in operations management that will help students develop a variety of skills to secure a fantastic career opportunity
2. An operations manager earns a good salary package both in India and outside. 
3. An operations manager gets to deal with every other manager in an organisation, which helps them in developing a long-term vision and strategic thinking ability, which makes it easier for them to assume greater responsibility. 
4. A person graduating withan  MBA in operations management can easily get a starting salary of 8 to 12 lakhs per annum, with a maximum salary potential of up to 25 lakhs per annum in top companies of our country. 

Admission Process

1. Candidates will have to register for entrance exams like the CAT.
2. The Common Admission test conducted by the Indian Institute of Management on a rotation basis.
3. CAT is a test which tests a student’s logical thinking, reasoning ability, aptitude and verbal ability with the help of multiple-choice questions. It is a computer-based test which is conducted every year in the month of November. It is considered the most prestigious entrance exam for management admissions.
4. Once you get your scorecard, apply to the respective institutions and carefully fill out the application form, as they will be the basis for shortlisting for further rounds.
5. Appear in the group discussion and personal interviews as and when called upon.
6. If you find your name in the final merit list, pay the course fee to confirm your admission.

Fee Structure

• Students willing to take admission in an MBA in operations management will need to pay around 20 to 25 lakhs in a top management institute in our country. A private college might charge you around 12 to 20 lakhs, depending on the brand value and NIRF rankings of the institution. 

Eligibility Criteria 

1. Any graduate with a minimum 50% marks can apply for an MBA in operations management at any top institute in our country 
2. Appearing and getting a good percentile in one of the entrance exams as specified by the respective Institutions is another important eligibility criterion. 
3. There is no restriction on the maximum age limit for pursuing an MBA in operations management. 

What Are The Career Options After an MBA in Operations?

1. After completing an MBA in operations management, a student can secure a managerial job role in any company while getting a standing salary package of around 10 lakhs per annum. If you have certain previous experience, then operations management has the potential of getting you up to 25 lakhs per annum.
2. Starting your own company in the sector of operations management by devising new products or services that will make day-to-day operational activities of a business easier is another smart career choice. 
3. An MBA in operations management can seek opportunities globally in countries such as the US, UK, Germany, France or Japan. 
4. An MBA in operations management can work with government ministries and departments, helping them in managing their operations either through examinations conducted by public sector undertakings or direct recruitments.

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