MBA in Operations Management: Best Guide for Indian Students in 2022



What is an MBA in operations management?


MBA is one of the most popular courses which is always in demand across the world. According to the Graduate management admission council’s applicant survey report for the year 2021-2022, more than 67 per cent of all the MBA schools reported an increase in application volume.

Now that there are multiple options like the part-time, full time and online MBA courses offered by the top universities around the world, students and working professionals find it really easy to scale up their educational qualifications.

The other major reason why MBA is always in trend is because of the specialisations, there are multiple specialisations in MBA, and a student can choose the best one based on their area of interest and qualifications. The specializations help the student to work in the exact area in which they would like to work and not in some field in which they don’t have expertise.

The following are the major specialisations of an MBA program:


Out of all these trending and in-demand specialisations of MBA, an MBA in operations management program is considered as a course that can provide students with a global perspective on industry trends along with the top remunerated career opportunities around the world.

MBA in operations management is a two-year program with a primary focus on the areas like logistics and operations. Every company, irrespective of how big it is, requires an operations management team, as it is the duty of this team to turn the input of the company into output. The input can be anything from materials used by the company, technology developed by the company, types of equipment used or even human resources like the employees of the company.

Pursuing an MBA operations management course will help the student understand the requirements to run an organisation’s daily functions, which involves planning and implementing production processes to improve quality, productivity and performance.

Especially after the exponential growth in the fields of e-commerce and online shopping, each and every company that deals with business is looking forward to a new and much more advanced level of operations management.

The MBA component in the operations management degree will give the student a holistic understanding of all the required topics, such as business, management, accounting, finance, economics and leadership. The course will help the student understand all the aspects of business, such as manufacturing, production, planning and market study. The operations management component of this MBA degree will put more emphasis on topics like supply chain management, project administration, data analysis, business forecasting, market prediction, production planning, and also quality control.


Why Study MBA in Operations Management?



There are many reasons why an MBA in operations management has become one of the most in-demand courses of the present time. From attractive remuneration, good career growth, and the best job outlook, there are plenty of reasons why graduate students find this course one of the best to pursue under all the other MBA specialisations.

According to the U.S. bureau of labor statistics, the career opportunities in the field of operations management will grow by 22 percent in the coming ten years, and this is much faster than the average of all the other jobs. Presently the average remuneration in the field of operations management in the US is around $98,230, and the top career roles in this field can fetch you a salary of up to $114,842.

Personal satisfaction is also one of the most important reasons why a course in operation management is trending; according to the 2017 data by the APICS, which is a supply chain management research association, the career roles in the field of operations management and supply chain management provided an opportunity for growth and this has resulted in the employees have a strong belief towards making a change in the society and also achieving personal development and growth.

MBA in operations management is not as same as a normal MBA program as the course gives a prime focus on the operational aspects of business management. To simplify it a little more, an MBA in operations management course will provide knowledge and training on technology and processes used in the manufacturing and production of goods and services, which is not the prime focus of a normal MBA program.

Knowledge of logistics and supply chain management, organisational ability, confident interpersonal skills, communication skills, and people management are the most important skills required in the field of operations management. The operations management course focuses on developing the organisational skills which are of prime importance in the business world; the skills developed during the time of the study are proven highly valuable in the present employment sector, and this will also help a graduate get the best jobs along with a shining remuneration.

An MBA in operations management is one field of study which helps the student to get jobs in multiple areas and roles; a graduate can work as a director, procurement specialist, supply chain manager, COE, and also an administrative officer. Operations management skills can be applied across all industries, be it banking, finance, health care or IT; all industries will need graduates who did an MBA in operations management in order to move large sums of money and construct financial deals.


What are the career opportunities after MBA in Operations Management?


The following are the major career roles for an MBA in operations management:

  • Operations Manager
  • Quality Manager
  • General Operations Manager
  • Business Analyst
  • Quality Manager
  • Area Operations Manager
  • Human Resource Head
  • Human Resource Manager
  • Data Analyst
  • Supply Chain Program Manager
  • Logistics manager

According to the data by the US News, the role of an operations manager has an overall score of 6.8 on 10, and this is the 9th best business job, 20th best paying job, and has also been awarded the 26th rank in the 100 Best Jobs of US. The unemployment rate in this career is less than 6 percent, and presently, in the US alone, there are 226,300 people working as operations managers.

The Bureau of Labor Statistics projects 9.4 percent employment growth for this particular job profile between 2020 and 2030, and there will be an addition of close to 226,300 new jobs being created in this timeline.

In the UK, the career role of an operations manager is always in-demand; according to the data by the ONS, the average salary of an operations manager in the UK is around £37,500 per year, and the starting salary at an entry-level position is £29,000 annually, while an experienced operations managers will earn around £52,500 per year.


What is the scope of an MBA in operations management?


MBA in operations management is a course which is currently trending all around the world because of the growing need for experienced graduates and trained professionals. This particular course has two different components where the first component helps the student master the topics related to MBA and the second component helps the students master all the necessary topics related to operations and day-to-day business of an organisation.

The following are the major course components of the MBA in operations management syllabus:

  • Corporate Environment
  • Corporate legal Environment
  • Managerial Economics
  • Forecasting
  • Operations Scheduling
  • Bus Operations Management and the Organization
  • Operations Strategy
  • Operations research
  • Decision-Making in Operations Management
  • Demand and Business Forecasting
  • Business Communication
  • Business Skills Development
  • Production Planning and Control
  • Product and Service Management
  • Supply Chain Management
  • Inventory Management
  • Production Management
  • Project Management
  • Accounting for Managers
  • Enterprise Resource Planning
  • Quantitative Techniques & Methods
  • Communication Skill Development
  • Business Policy and Strategic Management
  • Management of Organizations
  • Management of Quality

Eligibility for MBA in Operations Management


The eligibility criteria to pursue an MBA in operations management largely depends on the destination of study, the university and the course offered by the university. Every country has their own eligibility criteria when it comes to the minimum cut-off marks and competitive exams like GMAT. There are also universities where there is no requirement for a good GMAT score or any other such competitive exam score.

But almost all the universities in global ed destinations make one thing mandatory, which is the language test score. Each university will have its own language test requirements and cut-off depending on the course that the students wish to pursue. Following are the general eligibility to pursue a master of business administration in operations management courses around the world:

  • Undergraduate degree or an equivalent degree from a recognised university
  • A good score in GMAT/ CAT/ MAT / XAT/ GRE/ CMAT
  • Letter of recommendation
  • Entrance exams
  • Student visa
  • Relevant professional experience
  • Curriculum vitae
  • A good score in the language tests like IELTS / TOEFL

You can find the in-detail eligibility requirements to pursue an MBA in operations management in the top universities, along with the course fee, later in this article.


How much does it cost to study MBA in Operations Management?


From heavy tuition fees to costly living expenses, a lot of things come to our mind when we think of studying in a global ed destination. But what we forget most of the time is that there is always a way to reduce such costs, and there are even cases where students get a fully funded scholarship abroad.

Tuition fees, material charges, transportation, food, accommodation, utilities and miscellaneous expenses are the major expenses that the student will have to take care of while studying in a global ed destination. These costs are not the same when it comes to different universities in the top global destinations. So let’s now take a look at the fee structure across different regions to pursue an MBA in operations management.

To pursue an MBA in operations management course at the top universities in the US, the average tuition fee will be around $20,740- $ 65,247 per year. This is the average tuition fee, excluding living expenses and all other miscellaneous expenses. MIT Sloan, Columbia Business School, The Graduate School of Business, Stanford University, University of California, Berkeley, and Harvard Business School are the top universities in the US to pursue an MBA in operations management course.

The cost of studying for an MBA in operations management in the UK is not very different from that of the cost to study in the US. London Business School, Said Business School, Alliance Manchester Business School and Imperial College London are the top universities to study this course and the average tuition fee to pursue this course will be around $ 62,247 per year.

The cost to study MBA in operations management is much lesser in Canada when compared to the US and UK. The average tuition fee to pursue this course in Canada will be around $ 30,651 per year. York University – Schulich School of Business, Rotman School of Management, Smith School of Business, Queen’s University, Brock University – Goodman School of Business and the University of Alberta – School of Business are the most popular universities in Canada to pursue a course in MBA in operations management.

Melbourne Business School, Macquarie Graduate School of Management, RMIT University School of Business and ANU College of Business and Economics are the top universities in Australia to pursue an MBA in operations management. The average fee structure to study this program in Australian universities will be around AUD $ 33,758 per year, which is very less compared to the cost of studying in the UK or the US.

What are the top colleges for MBA in Operations Management?


  • MIT Sloan School of Management
  • The Eli Broad College of Business
  • Kellogg School of Management – Northwestern University
  • Rotman School of Management
Name Rank Fess Duration Eligibility
MIT Sloan School of Management 1 $ 80,400 Two years Undergraduate or equivalent degree from a recognized university/institution
Relevant work experience
Academic transcripts
GMAT scores/ GRE scores
IELTS/TOEFL scores
Essays
Three letters of recommendation.
English Language Proficiency Score
TOEFL iBT – 90
The Eli Broad College of Business 21 $ 54,930 21 months Academic Record
Resume
GMAT, GRE or EA test score
Essays
Recommendations / References
English language proficiency test score
TOEFL – 250 on the computer version
TOEFL – 100 on iBT (Internet-Based Test)
IELTS – 7.0
Kellogg School of Management – Northwestern University 9 $108,016 One to two years Four-year bachelor’s degree from the US or equivalent international college-level degree
GPA over 3.0
TOEFL-iBT score of 100
250 USD as an application fee
Rotman School of Management 13 CAD $67,532 2 years GPA of 3.0 in the final year of a bachelor’s degree
A minimum GMAT score of 550 is required
Personal interview
Two years of experience is required
TOEFL iBT (internet-based test) score of 100 overall, with a minimum of 22 on speaking and writing
IELTS score of 7.0

MIT Sloan School of Management


Massachusetts Institute of Technology Sloan School of Management, which is popularly known as MIT Sloan, is one of the best business schools in the world. It is a business school of the Massachusetts Institute of technology which is a private university known for its quality of education and research outputs.

Founded in 1914, the MIT Sloan School of management has a total enrolment of 1,300 students, out of which 43 per cent of the students are from global destinations. For certain programs like the MBA in finance, master of science and management studies, there is high international student representation, and these courses have an international student representation of more than 85 per cent.

Why study at this school?

Known for its research outcomes and quality of education, the MIT Sloan School of Management has always topped all the popular rank lists of the world. According to the US new QS world ranking by course, Time ranking, MIT Sloan is one of the best universities to pursue an MBA in operations management course. The MBA in operations management course provides a firm foundation in supply chain management and also logistics; this increases the employability of the students and helps them get a secured job in the best companies around the world.

From understanding the client demand to managing the cost-effectiveness of an organisation, this MBA course from MIT will help the students get a holistic knowledge of the subject along with the practical aspects of applying the concepts in a real-life work scenario. MIT’s leader of global operations has a class size of 45 to 50 students, and almost 100 percent of the students will receive a scholarship as part of their studies.

What are the career prospects after graduation?

A degree from MIT will be your pathway to one of the best and most remunerated jobs in the world. More than 97% of the MBA graduates of MIT Sloan have received a full-time offer in hand with a median base salary of $ 165k a year, and the growth potential of 42.3 percent is cited as the top reason for accepting a position.

The school also has one of the best alumni networks around the world, with 140 k alumni in almost 90 different countries. As the MBA program at MIT Sloan qualifies as a STEM-designed program, the students will get a chance to extend their training in the US for a duration of 24 months after graduation, and this will help them get the best career option in a few of the best organisations of the country.

The following are the major recruiters of MBA:

  • The Boston Consulting Group
  • McKinsey & Company
  • Amazon
  • Google
  • Bain & Company
  • Goldman Sachs
  • Capital One
  • Deloitte Consulting
  • Amgen
  • Apple

The following are the major sectors and the median salary of the MBA graduates of the MIT business school:

Sector Salary
Technology $ 150,000
Energy $ 150,000
Finance $ 170,000
Consulting $ 170,000
Healthcare $ 145,000
Media & Entertainment $ 137,500
Manufacturing $ 140,000

Eligibility

  • Undergraduate or equivalent degree from a recognized university/institution
  • Relevant work experience
  • Academic transcripts
  • GMAT scores/ GRE scores
  • IELTS/TOEFL scores
  • Essays
  • Three letters of recommendation.
  • English Language Proficiency Score
  • TOEFL iBT – 90
  • IELTS – 7.0
  • PTE – 65

Fees

The average tuition fee to study an MBA program at the MIT Sloan School of Management will be around $ 80,400 per year, and this includes tuition fees and also material charges, but this doesn’t include housing or other expenses. The housing charge at the university will be around $17,100, and the students will have to pay an extra $6,777 as part of the food expenses. The other expenses at the university include books, insurance and transportation, which will be around $ 13,000 for a year.

Following is the fee structure for the academic year 2022-2023 :

Tuition $80,400
Fees $2,596
Housing $17,100
Food $6,777
Books and supplies $1,008
Medical insurance $9,657
Transportation $2,457
Total Cost of Attendance $119,995

Scholarship options

There are multiple scholarships available for MBA students at the MIT school of business. Students will be considered for these fellowship awards automatically, dependent upon their eligibility, and do not need to submit an additional application.

Following are the major scholarships offered by the university:

  • ASEAN Fellowship
  • ASEAN Fellowship and Student Support
  • Beatrice Ballini (1986) Fellowship
  • Borromeo Fellowship
  • Caireta Family Fellowship
  • Mariafrancesca Carli-Josselyn (1992) Fellowship
  • Tim (1975) and Nancy (1976) Chan Fellowship
  • Philip M. Condit (1975) Fellowship
  • F. Hudnall Christopher Jr. (1959) Fellowship
  • Sunshik Min MBA Fellowship
  • Philip (1998) and Winnie Mok Fellowship
  • Elizabeth Monrad Diversity Fellowship
  • Nath Fellowship
  • Pechacek Fellowship
  • Sloan Veterans Fund
  • Verma Family Fellowship
  • VGS Foundation Fellowship
  • Thomas J. Vincent (1968) Fellowship
  • Wilke Leadership Inclusion Fellowship
  • Ronald A. Williams (1984) and Cynthia Williams Fellowship
  • Thomas R. Williams (1954) Fellowship
  • Pengfei Xie (1997) and Yufei Wang (1998) Fellowship
  • Connie (1995) and Paul (1991) Yang Fellowship
  • Xiaodong Zhang (2006) Fellowship

Eli Broad College of Business


Established in 1935, the Eli Broad college of business is a part of Michigan state university. The college is famous for its programmes offered in accounting, finance, human resource, marketing, operations, supply chain management and also management.

The supply chain management program is ranked as one of the best in the world by the QS world university ranking 2021, and currently, there are 6224 undergraduate and 946 graduate students pursuing various courses in the school. The overall acceptance rate of the school is between 45 to 60 per cent, and this is one of the best schools in the US when it comes to the research outputs and the facilities available in the laboratories.

Why study at this school?

Eli Broad College of Business is one of the famous B-schools which has always topped all the rankings; according to the US news, the supply chain program offered by the school is the best in the world, and the marketing program offered at the school is ranked 7th among all the marketing MS programmes.

The supply chain course offered by the university is given the first rank in empirical publications by the Supply Chain Management Journal List, 2021 and is given the 1st rank by the SCM world 2021 data. The course is designed in such a way that it will be a blend of both theory and practical, along with the right amount of focus on improving leadership skills and strategic issues. The course will ensure the right amount of societal impact through research, outreach, students and alumni and with the help of the world-renowned faculty.

What are the career prospects after graduation?

There are many multinational companies that are directly associated with the placement of the school, and the placement percent of the school is one of the biggest highlights. The average signing bonus received by the class of 2021 is around $23,400, and $120,000 is the base salary received by the MBA graduates of this school.

The school will prepare you to take part in MSU-hosted and national career fairs, and this will be a direct platform for you to talk to recruiters who visit campus throughout the year. Almost 95% of the MBA graduates of the school have received a placement letter within the first three months of their graduation and
$80,000 was the lowest salary received by the graduates, and the highest salary was a whopping $175,000.

The following are the major sectors and the median salary of the MBA graduates of the Eli Broad College of Business :

Sector Salary
Consulting $ 158,000
Supply chain $ 116, 664
Finance $ 116,563
Marketing $ 109,150
Other $ 129,200

The MBA program of the school attracts Fortune 500 companies from across the globe, and the following are the top companies who are part of this:

  • Amazon
  • Cognizant
  • Dell
  • Deloitte
  • DOW
  • Genpak
  • GEP
  • Intel
  • P&G

Eligibility

  • Academic Record
  • Resume
  • GMAT, GRE or EA test score
  • Essays
  • Recommendations / References
  • English language proficiency test score
  • TOEFL – 250 on the computer version
  • TOEFL – 100 on iBT (Internet-Based Test)
  • IELTS – 7.0
  • 110 on Duolingo
  • 70 on the PTE
  • The average GMAT score for the Class of 2023 is 650 (with a median of 660)
  • The is no required minimum score
  • A GMAT or GRE score alone does not guarantee or deny admission to the program.
  • Complete and submit the online application and pay the $85 application fee
  • Schedule a virtual evaluative interview if selected
  • For dual degree applicants, the LSAT and MCAT are acceptable forms of standardized tests.

Fees

The average tuition fee to study an MBA program at the Eli Broad College of Business will be around $ 54,930 per year, and this includes tuition fees and also few material charges, but this doesn’t include housing or other expenses. The accommodation and room at the university will cost around $ 14,652 for international students, and the travel expense will be around $2,862.

Then the expense for books and supplies will be around $ 1,762; along with this, there will also be a health insurance change which will be around $ 2,284. So the total standard student budget, including the tuition fee for a year, will be around $77,872.

Following is the fee structure for the academic year 2022-2023:

Tuition $ 54,616
Student Voted Taxes $164
International student fee $ 2,284
Room and Board $14,652
Personal and Miscellaneous $2,862
Travel Expenses $1,382
Books and Supplies $1,762
Health Insurance $2,284

Scholarship options

There are different types of fellowships that an MBA student can apply for when part of the university; there are merit-based fellowships, private fellowships, Graduate Assistantships, Reaching Out MBA (ROMBA), Fulbright Scholars Program, Teach for America, Peace Corps, AmeriCorps and Non-profits, Free Application for Federal Student Aid (FAFSA), Federal Direct Loan Program, GI Bill Benefits and Yellow Ribbon Assistance.

Following are a few popular private fellowships that the students can apply for :

  • The American Association of University Women’s Educational Foundation
  • Hispanic Scholarship Fund
  • National Black MBA Association
  • The Paul and Daisy Soros Fellowships for New Americans: Public Service Scholarship Program.

Kellogg School of Management – Northwestern University


The Kellogg school of management is the business school of Northwestern university, which is a well-acclaimed private research university in Evanston. Northwestern University is one of the oldest research universities in the US. Established in 1908, the Kellogg school of management has become one of the most popular and leading business schools offering top-quality education and the best research atmosphere.

The school has a post-graduate enrolment of over 1200 students, and the alumni of the school have made a significant contribution in the field of management studies, marketing, finance, and decision-making. The acceptance rate of the university presently stands at 21 percent.

Presently Northwestern university has over 19 schools and colleges around the world, and there are over 21,000 students who are part of these schools. The is also the first school in the world to launch a one-year-long MBA program. Doug Monro, Arthur E. Andersen, Jai Shekhawat, Aniruddha Jetha, Steve Hafner, Andrew Youn, Chuck Templeton, Jeffrey W. Ubben, Andris A. Zoltners, and Prabhakant Sinha are popular alumni of the Kellogg school of management.

Why study at this school?

Kellogg offers a truly flexible study option for students; the full-time MBA is offered in different formats at the school. The students can either choose one year full-time MBA or two years full-time MBA or MBAi or JD-MBA, or MMM. MBA is the most reputed and popular course offered by the university, the university also offers courses in 18 major areas of study, which include accounting Information & Management, Marketing, Analytical Finance, HR, Entrepreneurship & Innovation, and International Business.

Kellogg school of management is awarded the 14th rank according to the QS world ranking for the top business schools around the world. According to the US news ranking, the school has the 8th rank, which is one of the best in the US.

If the student has completed the required coursework and has an undergraduate degree, the one-year MBA is the fastest way to earn an MBA degree. The school also offers an accelerated MBA program for students who are career focused and who wish to work soon after completing the course. The best part about this is that the students can bypass core courses, take electives that match their objectives and build their network.

The MMM Program offered by the school is an immersive dual-degree program that gives students a rigorous business education integrated with a strong foundation in design innovation. MMM graduates receive an MBA from Kellogg and an M.S. in Design Innovation from the Segal Design Institute at the McCormick School of Engineering and Applied Science.

What are the career prospects after graduation?

Ninety-nine per cent of the graduate students of the Kellogg school of management has received an offer letter within three months of their graduation. $165K is the median base salary received by the graduates of the school, and $ 30 K is the median signing bonus received by the graduate students. From innovative startups and competitive PE/VC firms to Fortune 500 companies, the school has a big list of intentional giants who take part in their career drives. Following are the major campus recruiters of the Kellogg School of Management:

  • Adobe Systems
  • Bain & Company
  • Ares Management
  • The Kraft Heinz Company
  • DaVita
  • Amazon
  • The Boston Consulting Group
  • Goldman Sachs
  • Nike, Inc.
  • Oak Street Health
  • Google
  • McKinsey & Company
  • J.P. Morgan
  • PepsiCo, Inc.
  • Optum
  • Meta (Facebook)
  • PwC Strategy&
  • KSL Capital Partners
  • Procter & Gamble
  • Takeda Pharmaceuticals USA, Inc

Following are the major industries selected by full-time graduates of 2021

  • Consulting
  • Consumer Packaged Goods
  • Energy
  • Financial Services
  • Healthcare
  • Manufacturing
  • Media/Entertainment
  • Nonprofit
  • Real Estate
  • Retail
  • Technology

Eligibility

  • Four-year bachelor’s degree from the US or equivalent international college-level degree
  • GPA over 3.0
  • TOEFL-iBT score of 100
  • Two essays
  • Two Letters of recommendation for the USA
  • Current Resume
  • English language proficiency test scores (TOEFL/IELTS)
  • 250 USD as an application fee
  • IELTS score of 7
  • GMAT average score of 700 / 800
  • GRE score of 326 / 340

Fees

The average tuition fee to study an MBA program at the Kellogg School of Management will be around $108,016 for a one-year program and $78,276 for a two years program, and this includes tuition fees and also material charges, but this doesn’t include housing or other expenses.
Students will have to pay $104,372 as the tuition fee for the MMM course, and the tuition fee for the JD-MBA will be around $101,142.
There are many other fees that students will have to think of while applying to this university, accommodation, books, travel, personal expenses, health insurance, computer equipment, university health services, and student activity, so the total cost of studying a one year MBA program will be around $157,578, and this includes all the above-mentioned factors.

Following is the fee structure for the academic year 2022-2023:

Program One-year MBA Two-year MBA
Tuition $108,016 $78,276
Room & Board $26,400 $19,800
Books & Supplies $2,196 $1,647
Travel $1,772 $1,329
Personal $4,200 $3,150
Health Insurance $5,882 $4,698
Computer Equipment $1,200 $1,200
University Health Services Fee $780 $780
Student Activity and Experience Fee $1,400 $1,400
Student Association Fee $440 $330
First Year Fee $1,000 $2,000
Loan Fees $4,292 $2,649
Estimated Expenses $157,578 $117,259

Scholarship options

Following are the major scholarships that an MBA student can apply for at the Kellogg School of Management:

  • Austin Scholars
  • Finance Fellows
  • Diversity Scholarship
  • Brodsky Scholarship
  • Charles J. Schaniel Scholarship
  • The McGowan Fellows Program
  • James P. Gorter Scholarship
  • McGowan Fellows Program for Second-Year Students
  • PepsiCo Scholarship
  • Posse Scholarship
  • George Terry Trust Award
  • Hawryluk Scholars Award
  • Frederick C. Austin Scholarships
  • Forté Foundation Scholarship
  • David F. and Margaret T. Grohne Family Foundation Scholarship
  • David Himmelblau Scholarship

Rotman School of Management


Established in 1950, the Rotman school of management is a business school under the University of Toronto. The school is very well known for its international-level education and research outcomes; out of the total 113 faculty members, almost 98 percent of them are doctorate holders, and they are all masters in their area of study.

The school is popularly known as the L. Rotman School of Management and is presently extremely famous for its MBA programs. Students have the option to choose from either full-time or part-time MBA programs and also the elective of their choice.

Why study at this school?

The flexibility of the programme is one of the main reasons why students prefer this school. Students can either choose to study a full-time or a part-time MBA program and along with this program, they can choose the elective of their choice and master one specific field of study.

Accounting, finance, marketing, Economic Analysis and Policy, Operations Management, Organizational Behaviour, Human Resource Management and Strategic Management are the major electives that the student can choose as part of their full-time MBA program.

So if a student wishes to study operations management, he can choose a particular elective and study extensively on the topic and become a master of that one particular area. Following are the major course components of the operations management course elective:

  • Supply Chain Management
  • Operations Management Strategy
  • Service Operations Management
  • Modeling and Optimization for Decision Making
  • Data and Information Management for Business Analytics
  • Quality Management with Lean Six Sigma

Studying these subjects as part of the operations management elective will give the student an overall understanding of all the important principles of the area. The school has a very strict admission policy and process, where work experience of five years is mandatory to crack an MBA admission. Rotman school has always been at the top when it comes to the rankings; according to the 2022 Financial Times rankings of MBA programs, Rotman ranked 79th in the world and 1st in Canada.
According to the QS Global MBA Rankings, Rotman was ranked number one for business schools in Canada. In the 2021 Financial Times Executive MBA programs ranking, Rotman ranked 43rd globally and 1st in Canada.

What are the career prospects after graduation?

The Organisational Behaviour and Human Resource Management programme offered by the school is one of the most popular courses offered by the college for students who wish to become part of the global HR community. This programme can be selected as an elective course while doing a full-time MBA in the school.
The purpose of this course is to make students aware of the way organisations are designed and to make students identify the limitations and constraints that the design puts on the functioning of the organisation. This elective course, which is part of the MBA program, will help graduate students to get a career in the top companies around the world.

The course had a whopping 96% employment rate within three months of graduation, and this data is from the class of 2021. $123,438 is the mean annual salary received by the graduates of this course; this includes bonuses or other compensations

Following are the major events, career services and initiatives by the Rotman’s to get the best career opportunities for the students:

  • Best-in-class career content
  • Valuable r Partnership with a career coach throughout your Rotman experience
  • One-on-one coaching
  • Self-assessment
  • Job search and career advancement strategy (leverage your MBA within your organization)
  • Resume and cover letter review
  • Networking advice
  • Career management planning
  • Branding
  • Advanced resumes
  • Job search strategies
  • Networking and relationship building
  • Exclusive MBA networking events
  • Industry-specific speaker events
  • Technical and case interview preparation
  • Mock interviews with industry professionals
  • Job offer and negotiation advice research tools
  • Webinars and podcasts

Eligibility

  • A minimum GPA of 3.0 in the final year of a bachelor’s degree from a recognised university
  • International students can use the International Degree Equivalencies site to calculate their GPA
  • A GMAT or GRE score must be submitted
  • A minimum score of 550 is required
  • It is important to note that consideration for entrance awards begins at scores above 600, and 650+ is required to be considered for distinguished awards
  • Personal interview
  • Two years of experience is required.
  • On average, applicants have six years of work experience.
  • Two written essays
  • One essay should be approx. 250 words in length and the other 500 words.
  • TOEFL iBT (internet-based test) score of 100 overall, with a minimum of 22 on speaking and writing
  • IELTS score of 7.0

Fees

The average tuition fee at Rotman will be around CAD $67,532 per year, and this includes tuition fees and also material charges, but this doesn’t include housing or other expenses. The other expenses include accommodation, which will be around CAD $8,000- $14,000, then textbooks will cost around CAD $2,000, and Health insurance – CAD$756. So the per year cost of studying an MBA from the Rotman’s will be around CAD $19,656 – $27,556.
Following is the fee structure for the academic year 2022-2023:

Tuition CAD $67,532
Textbooks CAD $2,000
Laptop CAD $1,600 – $2,000
Accommodation CAD $8,000 – $14,000
Food CAD $4,000 – $5,500
Personal expenses CAD $2,000
Public transportation CAD $1,300
Health Insurance (UHIP) for International students CAD $756
Total CAD $ 19,656 – $ 27,556

Scholarship options

  • Following are the major scholarships offered by the school:
  • Joseph L. Rotman Scholarship
  • The Rotman Family Healthcare Scholarship
  • Entrance Awards
  • Business Design Initiative (BDI) Scholarship
  • 30% Club Full-Time MBA Scholarship
  • Rotman African and Caribbean Business Club (RACBC) Scholarship
  • Black Student Leader Award
  • Indigenous Student Leader Award
  • Diversity & Inclusion Award
  • Awards for In-Program Students
  • Rotman Scholar Awards
  • Graduate Studies Awards
  • Ontario Graduate Scholarships
  • Scotiabank Latin America Scholarship
  • CIBC BASc / MBA Scholarships
  • Professional Student Loan Plans with BMO & RBC

Following are the major universities and colleges in India to study operations management:

  • Indian Institute of Management, Ahmadabad
  • Indian Institute of Management, Bangalore
  • IIT Delhi
  • Indian Institute of Management, Kolkata
  • Symbiosis Institute of International Business, Pune
  • Narsee Monjee Institute of Management Studies, Mumbai
  • Jamnalal Bajaj institute of Management Studies, Mumbai
  • Institute of Management Technology, Ghaziabad
  • Faculty of Management Studies, Delhi
  • Management Development Institute, Gurgaon
  • Symbiosis Institute of Operations Management, Nashik

How to Apply to Maximise your chances?


Now that we have discussed in detail the Master of Business Administration in operations management t, eligibility criteria, fees and scholarships, here’s a look at how you can apply seamlessly to these courses. Applying for the best courses is literally a touch away with the T.C. Global web application or mobile app.

Explore courses and start your journey here.

Getting Started
To move forward with us, download our app or visit tcglobal.com and sign in to create an account on our student platform! 🚀 Once you’re logged in to your platform, onboard with us by giving us some initial information!

✅Once you’ve done this, visit Calendly.com/tcglobal to pick a Relationships team closest to you and choose a slot that works well for you for an e-meet with our team 🤙🏻🥳
Let’s shape your future together 🌍😊



Date added
25.11.2022

Filed under:

Global Ed

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