Adapting to the ever-changing landscape of this industry and remaining updated on emerging trends will guarantee a satisfying and prosperous career in operations management. The objective of this blog is to offer a thorough insight into the career opportunities available to MBA graduates specializing in operations management.
Given below are the following topics we are going to discuss:
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Skills Required for a Successful Career in Operations Management
A successful career in Operations Management requires a diverse set of skills and competencies to effectively oversee and optimize an organization’s operations. Here are some key skills and attributes that are important for professionals in this field:
- Analytical Thinking: The ability to analyze data, identify trends, and make data-driven decisions is crucial for optimizing processes and solving complex operational problems.
- Problem-Solving: Operations managers often face challenges and bottlenecks in processes. Being able to identify issues and develop innovative solutions is essential.
- Leadership: Effective leadership skills are necessary for managing teams, setting goals, and motivating employees to achieve operational objectives.
- Communication: Strong communication skills are essential for conveying ideas, instructions, and changes in processes to teams, stakeholders, and other departments.
- Time Management: Operations managers must prioritize tasks and manage their time effectively to ensure that operations run smoothly and efficiently.
- Project Management: Proficiency in project management techniques and tools is valuable for planning and executing operational improvement projects.
- Technical Proficiency: Familiarity with relevant software and technology used in operations management, such as ERP (Enterprise Resource Planning) systems and data analytics tools, is advantageous.
- Supply Chain Management: Understanding the principles of supply chain management, including procurement, logistics, and inventory control, is crucial for many operations roles.
- Quality Control: Knowledge of quality management principles and methodologies, such as Six Sigma or Total Quality Management (TQM), is important for maintaining high-quality standards.
- Cost Management: The ability to manage budgets, control costs, and optimize resource allocation is essential for operational efficiency.
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MBA Operations Management Jobs Opportunities for MBA Graduates
According to a survey conducted by the Bureau of Labor Statistics, the employment of operations managers is expected to grow by 6% from 2020 to 2030. This growth rate aligns with the national average for all occupations. This increase is attributed to the heightened need for businesses to enhance productivity and efficiency, along with the escalating complexity of corporate operations.
As of 2023, there are 66,996 MBA operations management jobs opening in the domain of operations management as reported by Indeed. Additionally, based on Glassdoor’s survey there are 2,050 operational manager positions available in Bengaluru, Karnataka itself. Let us now look into the MBA Operations Management Jobs offered to operations management professionals after completing the MBA course.
- Operations Executive
- Operations Manager
- Operations Analyst
- Operations Coordinator
- Customer Service Operations Manager
- E-commerce Operations Manager
- Healthcare Operations Manager
Next, let’s explore further to understand its core responsibilities in order to gain more extensive knowledge about their job roles.
1. Operations Executive
Their primary role involves formulating operational strategies and setting objectives to ensure the company achieves its goals and functions with precision.
2. Operations Manager
Responsible for overseeing the day-to-day operations of a department or business unit. This role involves managing resources, resource allocation, optimizing processes, and ensuring operational efficiency.
3. Operations Analyst
Analyzes data and processes to identify opportunities for improvement in operational efficiency, cost reduction, and overall performance.
4. Operations Coordinator
Assists in the coordination and execution of day-to-day operational tasks, ensuring smooth workflows and effective communication.
5. Customer Service Operations Manager
Manages the customer service and support functions, ensuring timely and effective resolution of customer inquiries and issues.
6. E-commerce Operations Manager
Focuses on managing the operations of online retail platforms, including order fulfillment, inventory management, and customer service.
7. Healthcare Operations Manager
Oversees the operational aspects of healthcare facilities, ensuring efficient patient care delivery and compliance with regulatory standards.
Top Recruiting Companies for Operations Management Professionals
Here are some notable companies that have historically been recognized for recruiting Operations Management professionals:
|Top Recruiting Companies
|Purpose for Recruiting
|Known for its extensive logistics and supply chain operations, Amazon often seeks Operations Managers to oversee various aspects of their fulfillment centers.
|Apple’s global operations involve complex supply chain management, making them a sought-after employer for Operations Management professionals.
|Procter & Gamble (P&G)
|P&G, a multinational consumer goods corporation, often recruits professionals for roles in operations and supply chain management.
|As one of the world’s largest retailers, Walmart frequently hires Operations Managers to oversee the efficiency of its stores and supply chain operations.
|General Electric (GE)
|Known for its diverse range of businesses, GE often seeks Operations Management professionals to optimize their manufacturing and production processes.
|McKinsey & Company
|A leading global management consulting firm, McKinsey offers opportunities for Operations Management consultants to work on projects related to process optimization and efficiency.
|With a focus on technology and consulting services, IBM recruits Operations Management professionals to improve business processes and supply chain operations.
|Another major consulting firm, Deloitte, often hires Operations Management consultants to work on projects related to process improvement and supply chain optimization.
|Johnson & Johnson
|A multinational pharmaceutical and consumer goods company, Johnson & Johnson offers opportunities for professionals to look into the operations and supply chain management.
|Known for its innovative approach to manufacturing and supply chain operations, Tesla recruits Operations Managers to oversee various aspects of production and logistics.
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Average Salary for Operations Management Professionals
A general overview of the average salaries for Operations Management professionals in India and the US is given below:
|₹4,00,000 – ₹7,00,000
|$50,000 – $80,000
|₹7,00,000 – ₹15,00,000
|$80,000 – $120,000
|₹3,00,000 – ₹6,00,000
|$50,000 – $70,000
|₹2,50,000 – ₹4,50,000
|$40,000 – $60,000
|Customer Service Operations Manager
|₹8,00,000 – ₹18,00,000
|$80,000 – $150,000
|E-commerce Operations Manager
|₹10,00,000 – ₹20,00,000
|$90,000 – $150,000
|Healthcare Operations Manager
|₹8,00,000 – ₹18,00,000
|$80,000 – $140,000
Keep in mind that these figures are estimates and may fluctuate depending on variables such as industry, company size, geographic location in India or the US, and the candidate’s level of experience and expertise.
Future Scope of MBA Operations Management Jobs
The future of MBAs in Operations Management holds great promise, backed by compelling statistics. According to a recent report by the Global Operations Management Association (GOMA), the demand for Operations Management professionals is projected to increase by 12% globally by 2025.
This growth rate is faster than the average for all occupations, indicating a robust demand for skilled professionals in this domain. The increasing complexity of global business operations and the rapid integration of cutting-edge technologies are driving this surge. Operations managers will continue to play a pivotal role in streamlining processes, optimizing supply chains, and ensuring organizational efficiency.
Moreover, the emphasis on sustainability and ethical business practices is creating new avenues for operations managers to lead initiatives focused on responsible operations. As industries evolve, the need for strategic and analytically adept operations managers will be paramount, making this field an exciting and promising career path for MBA graduates.
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Frequently Asked Questions (FAQ)
What can I do with an MBA in operations management?
You can pursue roles like Operations Manager, Supply Chain Manager, Process Improvement Consultant, and Logistics Manager, among others.
Is operations management MBA a good career?
Yes, an MBA in operations management can lead to rewarding careers in various industries, focusing on improving business processes and efficiencies.
What is the salary of MBA operations manager?
Salaries vary widely based on location, industry, and experience, but MBA operations managers can expect competitive compensation due to their specialized skills.
What is life after MBA operations?
Post-MBA in operations, individuals often manage business processes, supply chains, logistics, and production, ensuring organizational efficiency and effectiveness.
Which is the best field in MBA?
The “best” field varies per individual and market demand; popular specializations include Finance, Marketing, Operations, and Human Resources.
What exactly is MBA in operations?
An MBA in operations focuses on managing, optimizing, and improving business processes, supply chain management, logistics, and production in various industries.
Which is better MBA HR or MBA operations?
Both have merits; MBA HR focuses on people management and organizational behavior, while MBA Operations centers on improving business processes and supply chain management.
What is the salary after MBA in operations management in India?
Salaries vary, but MBA graduates in operations management in India might expect anywhere from INR 6 to 12 lakhs per annum initially, depending on various factors.
Does operations management have a future?
Yes, operations management plays a crucial role in ensuring business processes are efficient and effective, adapting to technological advancements and market changes.
Which company is best for operation management?
Top companies for operations management vary by industry; renowned ones include Amazon, Toyota, and Procter & Gamble, known for their operational efficiencies and innovations.