MBA in Supply Chain Management: Guide for Indian Students in 2022



Why MBA?


“I want to learn how to better manage people, processes, supply chains, and projects and see how it works in different industries. I want to be made responsible for managing all of the aspects involved with financing, marketing, operations management, e-commerce, and exit strategies.”

If this sounds like a conversation you have had or want to have, then this article is for you. Pursuing a Master of Business Administration is not simply about obtaining a degree. It is the process to achieve a very specific career goal. If your goal is not in place, then you become just another graduate with a business degree.

However, if your career track is set and your interests and goals defined, an MBA degree provides you with a multitude of opportunities to fast-track it. The reason why it is extremely important to have your goals in place is so that you get the fullest out of an MBA program. With the kind of specializations that are available, you have the opportunity to choose the most niche ones. Take a look at some of the most popular ones…

  • MBA in Finance / Financial Management
  • MBA in Supply Chain Management
  • MBA in Marketing Management
  • MBA in International Business
  • MBA in Human Resource Management and
  • MBA in Healthcare Management

What is MBA in Supply Chain Management?


Answering this question begins by defining what is Supply Chain Management (SCM).

Think of the entire chain that all goods and services go through. From being raw materials to being processed and stored, all the way to reaching the consumer. The cost of the final product keeps increasing every step of the way. But, by streamlining all the supply-side activities, one can maximize the value of the product and present it to the customer at a competitive advantage.

A good SCM involves balancing costs, and delivering quickly and effectively while maintaining or improving upon the quality of the product or service. So, SCM involves five key areas:

  • Strategy
  • Sourcing raw materials
  • Production
  • Distribution
  • Cost and risk control

When these five segments of a business work together in tandem, efficiency can be reached. An MBA in Supply Chain Management teaches you this streamlining process and quality management. It gives you all the skills needed to design, develop and implement supply chain operations that will boost your organization.

Especially in today’s globalized world, supply chains are not limited geographically also. To this, you add automation, international regulations, and the sheer volume of players in the game. Managing this requires people with specialized skill sets who are well-versed in logistics, problem-solving, operations, and analysis. Since this process in itself is a multidisciplinary aspect of business, the MBA degree program specializing in SCM is also a multi-discipline course that includes international logistics, statistics, data analysis, demand management, and so on.

The course, typically like any MBA course, is two years long. It can either be a specialized degree or an elective you can choose in the traditional MBA program.

What are the career opportunities after MBA in Supply Chain Management?


At the outset, any professional with a Master of Business Administration postgraduate degree is set up for a career in management –– a variety of managerial roles, decision-making roles, risk analysis, or any other entrepreneurial rules. With a specialized degree in global supply chain management, you can get into

  • Resource planning
  • Inventory Management
  • Global Trade
  • Retail
  • Operations Planning
  • Sales
  • Procurement
  • Optimization and Sustainability and so on

In terms of job portfolios, you can look at

  • Industry Analyst
  • Project Manager
  • Global Logistics Manager
  • Transportation Director
  • Supply Chain Sales
  • Supply Chain Consultant
  • Procurement Analyst/ Purchasing Manager
  • Warehousing Manager

What are the benefits of MBA in Supply Chain Management?


1. Strategic thinking: Look at the number of departments that need to work together in order to make a supply chain efficient. The course will upgrade your levels of strategic thinking as you work towards the smooth functioning of the different parts of production in order to benefit the organization as a whole.

You will get used to looking for and looking at the bird’s eye view of the production process, constantly looking for areas to fine-tune. Problem-solving and removing kinks in the chain will become second nature. This is a highly transferable skill that can be applied anywhere, at any point in your life.

2. New and growing field: Amidst the other MBA specializations, a systematized study of logistics and supply chain management is fairly novel. It gives you the scope to push boundaries, explore newer options and contribute to the discipline as a whole.

3. Career acceleration: The purpose of an MBA degree is to accelerate your career, vaulting you from the role of being an employee to that of management. With supply chain management specialization, you have the space to find a niche for yourself in any part of the operations chain. It also makes your compensation extremely competitive. Once you establish yourself as an efficiency wizard, your reputation will simply precede you

4. Skill development: As someone dealing with SCM, you will end up having an ear and an eye on the latest market trends, technological advancements, and other developments at all times. You will learn, explore and try new strategies that you can implement in your business environment. The learning process will continue through the course of your career. In addition, as mentioned earlier, strategic thinking and problem-solving will also become second nature.

5. Vast networking opportunities: Considering most MBA programs invite established professionals into the course, your process of networking begins at the university level. Plus, if you calculate the scope of the entire supply chain management, the networking options are almost endless. It gives you that much more freedom to explore the different segments of the industry in detail.

What is the average salary after studying MBA in SCM?


There are a number of portfolios that you are eligible for, after your postgraduate degree. While your actual salary package will depend on numerous factors (such as your presentation during interviews, negotiation skills, the university from which you have acquired your degree, past work experience, and so forth), here are the median figures from different parts of the world.

India, Asia – 1,000,000 – 1,800,000 INR
USA – $90,000 – $160,000
Canada – 80,000 – 100,000 CAD
UK – £80,000 – £140,000
Europe – €90,000 – €120,000
Oceania – 70,000 – 130,000 AUD

Disclaimer: These figures are an average based on 2022 statistics. It takes into account a minimum of 5 years of work experience and graduation from the top tier universities.

Average Salaries based on the job title

Supply Chain Manager $72,000 – $126,000
Procurement Manager $67,000 – $129,000
Director, Supply Chain Management $104,000 – $184,000
Purchasing Manager $57,000 – $117,000
Buyer $46,000 – $77,000
Supply Chain Analyst $50,000 – $84,000
Senior Buyer $56,000 – $94,000
VP/ Head/ Operations Manager $100,000 – $200,000
Senior Strategic Manager $89,000 – $142,000

Source: Payscale.com

Eligibility for MBA in Supply Chain Management


Before we get into the eligibility criteria, take a look at the different formats in which the course is offered. You have the

  • Full-Time MBA Supply Chain Management (2 years)
  • Part-Time MBA
  • Online MBA/ distance learning

In this section, we will be looking at the general eligibility criteria for getting into an MBA SCM program. The specific requirements of different schools will be covered in the following section.

Educational Requirements: A completed undergraduate degree (3/ 4 years) from a recognised university. A minimum score of 50% or higher is also required.

Entrance exams: A good score in the MBA entrance tests such as CAT/ MAT/ XAT/ CMAT/ NMAT for B-schools in India, and GMAT/ GRE when applying abroad.

Proof of English Language Proficiency: IELTS/ TOEFL. A minimum score of 6 in IELTS or 100 in TOEFL iBT is essential. Some top B-schools expect even higher marks.

Work Experience: A minimum of two years of full-time work experience, after having completed the bachelor’s degree. As mentioned earlier, sometimes, this requirement might be more, depending on the nature of the program and the country.

Essays/ SOP / LOR: Original essays, statement of purpose, and letters of recommendation from previous/ current employers as stipulated by the university.

How much does it cost to study MBA in Supply Chain Management?


Compared to all other postgraduate degrees, an MBA is a lot more expensive, no doubt. Considering the fact that most ‘students’ who sign up for an MBA degree are working professionals, it is natural that the course fees are slightly higher.  But, if you consider it in terms of returns on investment, this degree is one of the best investments you can make.

Region Tuition Cost of Living
USA Ranges from INR 40 lakhs to 90 lakhs INR 8 – 10 lakhs
UK Ranges from INR 30 lakhs to 85 lakhs INR 12 – 15 lakhs
Canada Ranges from INR 50 lakhs to 75 lakhs INR 9 – 10 lakhs
Australia Ranges from INR 35 lakhs to 55 lakhs INR 9 – 11 lakhs
Europe Ranges from INR 20 lakhs to 80 lakhs INR 8 – 10 lakhs

Disclaimer: These are ballpark figures to aid you with financial planning. They are indicative and not exact in nature. It does not take into account travel, visa costs, or any financial aid. All figures are in INR. All figures indicate per annum costs.

What are the top colleges for MBA in Supply Chain Marketing?


Now that we have looked at the details of the course, let us now jump into the top colleges. What comes next is the list of top Indian colleges to get your MBA in SCM degree. Following that is the international list.

Top Colleges in India to pursue an MBA in Supply Chain Marketing

S.No Name Location Fees
1 Indian Institute of Management (IIM) Ahmedabad, Bangalore, Kolkata, Indore ~ 20 lakhs INR
2 Indian School of Business Hyderabad 10 – 12 lakhs INR
3 Shailesh J. Mehta School of Management, IIT Mumbai ~ 5 lakhs INR
4 Institute of Logistics and Aviation Management Bangalore 2 – 3 lakhs INR
5 National Institute of Industrial Engineering Mumbai 12.5 – 13.5 lakhs INR
6 Symbiosis Pune 18 – 20 lakhs INR
7 S P Jain Institute of Management Mumbai 17.5 lakhs INR
8 University of Petroleum and Energy Studies (UPES) Dehradun 12 – 14 lakhs INR
9 Amity University Delhi, Mumbai 10 – 12 lakhs INR
10 Pondicherry University Pondicherry 12 – 13 lakhs INR

Getting back to the international universities, let us take a look at some of the top colleges from where you can graduate with an MBA in SCM.

S.No Name Location World Ranking Duration Fees (Tuition)
1 Harvard Business School U.S.A 1 2 years ~ $80,000
2 INSEAD France 2 1 year ~ $115,000
3 London School of Business U.K. 3 12 months GBP 52,200
4 Stanford School of Business U.S.A 4 2 years ~ $80,000
5 MIT Sloan U.S.A 5 10 months – 2 years ~ $90,000
6 Bocconi University Italy 6 1 year €65,000
7 The Wharton School U.S.A 7 2 years ~ $85,000

Source: QS Rankings, Business and Management Studies

1. Harvard Business School


Established in 1908, the Harvard Business School has been one of the top schools in the world, since its inception. The school offers full-time MBA programs, executive MBA programs, and doctoral degrees. The school has also established nine global research centers.

Why study at this school?

The Harvard name needs no introduction. The brand name offers a level of pedigree that opens doors across the globe. The teaching-learning methodology is also built around case and experience based-learning. With this, the students experience real-life decision-making scenarios and bring their leadership skills to life. The alumni network is also an invaluable source of contacts, helping to build professional relationships.

What are the career prospects after graduation?

With nearly 800 organizations seeking Harvard graduates, there is no dearth of opportunities after completing your MBA from Harvard. Nearly 26% of Harvard MBAs get into consulting and 19% enter the tech industry. The remainder of the students find their niches in different areas such as entertainment and media, consumer goods and services, healthcare, governmental organizations, and so forth. Over 90% of the class of 2022 found great job opportunities within the United States.

Eligibility

The following are the bare minimum eligibility requirements – thought it not guarantee admission.

  • 4-year undergraduate degree
  • Minimum 2 years of work experience
  • GMAT/ GRE
  • TOEFL/ IELTS/ Pearson Test
  • Essays
  • LOR
  • Transcripts

Admission process & Fees

You must submit your completed application along with the necessary transcripts to HBS. The unofficial GMAT/ GRE scores can be attached, however, the official scores must be directly reported to HBS. To this, you will attach your essay, two letters of recommendation, your resume, and an application fee of $250. If shortlisted, you will be called for an interview. Within 24 hours of the interview, you are required to submit a reflection online.

The fee for Harvard MBA is around $80,000 plus the cost of living.

Scholarship options

Financial aid is awarded based on demonstrated need. The average HBS scholarship per year is approximately $42,000 per year, or $84,000 total. Read more, here.

2. INSEAD


INSEAD, a contraction of Institut Européen d’Administration des Affaires (European Institute of Business Administration), is a non-profit business school that has campuses in Fontainebleau (France), Singapore, Abu Dhabi, and San Francisco. It is a graduate-only business school that provides a full-time Master of Business Administration, executive MBA (EMBA), Master of Finance, Ph.D. in management, a Master in Management, Business Foundations Post-Graduate degrees, and a variety of executive education programs. INSEAD is among the top 20 universities that produced most of the world’s ultra-high-net worth individuals.

Why study at this school?

The biggest advantage of pursuing your postgraduate business degree from INSEAD is its global reach. Especially for a course like Supply Chain Management, gaining global insight is particularly important. Secondly, the accelerated program that takes only a year also means that you can return to the workforce sooner than later.

What are the career prospects after graduation?

With almost 300 on-campus recruiters, 92% of INSEAD graduates were employed within 3 months of course completion in 2021. The median salary of the 2021 batch was $113,800 p.a. The top employers included McKinsey & Company, Bain & Company, Boston Consulting Group, Amazon, Accenture, Roland Berger, Deloitte, and Microsoft, to name a few.

Eligibility

  • A 4-year undergraduate degree
  • Minimum 3 years of work experience, although, on average, applicants to INSEAD have 5-7 years of work experience, minimum.
  • A GMAT score of 640 or above
  • Proof of English Proficiency (IELTS/ TOEFL/ PTE)

Admission process & Fees

For the August 2023 intake (graduating in July 2024), the four rounds of application deadlines are in September 2022, November 2022, January 2023, and March 2023. You will have to submit the completed online application along with the supporting documents and the official transcripts. Once this is uploaded, you will receive a link to complete 4 video interviews. This, however, does not replace the interview with the alumni, if shortlisted.

You must also select your campus carefully in your application as it is next to impossible to change, once admitted.

Including living costs, an INSEAD MBA costs around $135,000.

Scholarship options

Considering the tuition fees and the cost of living, INSEAD provides numerous scholarship options for its students. Each of them has a specific eligibility criteria. The scholarship applications are different from that the admission applications. The following are some of the merit-based scholarships:

INSEAD Groupe Galeries Lafayette Endowed Scholarship for Women
INSEAD Judith Connelly Delouvrier Endowed Scholarship
INSEAD Aleph Scholarship
INSEAD Belgian Alumni and Council Scholarship
INSEAD Diversity and Inclusion
INSEAD Hinrich Foundation Scholarship (July Class only)
INSEAD Indeed Endowed Scholarship
INSEAD Leopoldo del Pino Scholarship
INSEAD L’Oreal Scholarship
INSEAD Sasakawa Young Leaders Fellowship Fund (Sylff)
INSEAD Syngenta Endowed Scholarship(s) for Emerging Country Leadership
The INSEAD Africa Scholarship Group
INSEAD Middle East Scholarship Group
INSEAD Social Entrepreneurship Scholarship Group

In addition, the school also has a need-based scholarship system in place. Read more, here.

3. London School of Business


Affiliated with the University of London, the London Business School has been in the top 5 of world rankings, when it comes to management programs. It offers a range of management courses, including MBA, Master’s, and Ph.D. degrees.


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Why study at this school?

Accredited by AACSB, EQUIS, and AMBA, LSB has a lot to offer. It offers over 80 different electives for specialization. The school, located in a global business hub, provides a solid platform for networking and interacting with world leaders. The learning process includes real-life case studies and internships that allow students to experience real-life business management and management decisions.

What are the career prospects after graduation?

The school enjoys a 91% employment rate among new graduates. These graduates receive an offer within just 90 days of completing their MBA degree. Some of the career paths include Head of Operations, Supply Chain Manager, VP, Director of Procurement, and such. Over 50% of its graduates find employment within the UK while the rest are spread across the globe.

Eligibility

  • A complete undergraduate degree from a recognized university
  • GMAT / GRE score
  • IELTS/ TOEFL (proficiency in English)
  • The average work experience of applicants is around 5.5 years.

Admission process & Fees

The tuition fee at the London Business School is GBP 52,200.

The admission process includes the following steps

  • Submission of application forms
  • Interviews
  • The decision of acceptance (Offer / Reject / Waitlist)

Scholarship options

Some of the most popular scholarships available to aspirants enrolling in the London Business School include

  • iSchoolConnect Scholarship
  • Lady Meherbai D. Tata Education Trust Scholarship
  • Out in Business MBA/MiF scholarship
  • Masters in Finance Scholarship for Women
  • SARI Foundation Trust Scholarship
  • Laidlaw Women’s Leadership Fund

4. Stanford School of Business


Another name that needs no introduction, is the Stanford School of Business has been one of the world leaders in global education since 1891. With an acceptance rate of around 6%, Stanford Business School is one of the most selective ones in the U.S.

Why study at this school?

Situated in the heart of Silicon Valley, this B-school is designed to create future leaders and entrepreneurs. With faculty who undertake pioneering research and guest speakers who are stalwarts in their own rights in different industries, the Stanford B-school provides you with amazing networking opportunities. The emphasis of this school is on collaboration over competition, as reflected in their motto, “Change lives, change organizations, change the world”.

What are the career prospects after graduation?

In 2021, over 90% of graduates received an offer of employment within 90 days of graduation. The average base salary of an MBA graduate from Stanford in 2021 was a whopping $160,000. An MBA from Stanford leads to diverse career paths. Some of the most popular industries that MBA graduates from Stanford accepted post-graduation are

  • Finance
  • Marketing/Sales
  • Private Equity
  • Business Analytics
  • Media/Entertainment
  • Investment Management
  • Product Development
  • Consulting
  • General Management

Eligibility

The eligibility criteria for admission to Stanford Graduate School of Business include

  • Undergraduate or equivalent degree (BBA, BA, etc) from a recognized university/institution (The average undergraduate GPA of Stanford applicants is 3.76).
  • Relevant work experience (average is 4.9 years)
  • GMAT scores/ GRE scores IELTS/TOEFL scores.
  • Letters of recommendation
  • Essays (one of the most important criteria)

It is important to note that Stanford does not have a checklist of criteria for admission. There are no typically ideal students Stanford offers seats. The university provides admission based on how truly reflective one’s application is of one’s qualities. One can create their own personalized profile here.

Admission process & Fees

The tuition fee to be a part of the MBA program at Stanford comes to approximately USD 76,950. Other expenses may come up to USD 47,500 per year. The Stanford MBA Program application fee is $275 and is nonrefundable.

The admission process involves:

  • Submitting an online application form along with the necessary transcripts
  • Interview
  • Post-interview intimation regarding admission

Scholarship options

Stanford offers several types of financial aid to help students in funding their studies. Some of the popular Stanford Fellowships include:

  • Stanford GSB Need-based Fellowships
  • Stanford GSB BOLD Fellows Fund
  • Stanford Knight-Hennessy Scholars Program

Stanford also offers several external scholarships that can be checked here.

5. MIT Sloan B-School


Massachusetts Institute of Technology also has a pioneering Business School. One of the more competitive program in the United States, this B-School is the alma mater of Kofi Annan, the former General Secretary of the UN, Carly Fiorina, one of the CEOs of HP and John S Reed (former chairman of the New York Stock Exchange and former CEO of Citigroup) to name a few.

Why study at this school?

Its 2-year MBA program is built on the premise of learning by doing. Real-world experiences are expertly weaved into theoretical teaching pedagogies of stalwart faculty. The first year focuses on the fundamentals – general principles of management while the second year of the MBA is when you choose your speciality. It gives a more well-rounded learning opportunity, allowing you to branch out into different fields.

What are the career prospects after graduation?

Over 95% of MBA graduates at MIT Sloan graduated with full-time offers in hand, having attended the on-campus recruitment seminars. The average salary package is around
$150,000. It makes MIT Sloan graduates one of the highest-paid B-school graduates across the globe.

MIT Sloan graduates find employment in the areas of

  • Consulting
  • Finance
    • Investment management
    • Venture capital
    • Private equity
  • Media/Entertainment
  • Consumer products
  • Computers/electronics

Some of the top recruiters are:

  • McKinsey & Company
  • The Boston Consulting Group
  • Amazon
  • Google
  • JP Morgan Chase & Co
  • Morgan Stanley
  • Rivian

Eligibility

  • Undergraduate or equivalent degree from a recognized university/institution
  • Relevant work experience (It is not compulsory for admission, but aspirants typically have an average work experience of 5 years)
  • Academic transcripts
  • GMAT scores/ GRE scores
  • IELTS/TOEFL scores
  • Letters of recommendation
  • Essays

Admission process & Fees

Along with the completed application form, a non-refundable application fee of $250 must be paid during submission. The admission process involves three rounds, post which a candidate will be selected or rejected. The interview process is by invitation only. Candidates must ensure that the duly-filled application form is submitted on time for the admission process to begin.

The average tuition fee to pursue MBA at MIT is around $80,400 per year. The total amount including housing, transportation, food, books and supplies, and medical insurance may come up to $119,995.

Scholarship options

Incoming students are automatically considered for scholarships, based on merit and need. In addition to that, students can apply for other financial aid supported by external organizations. Ultimately, the criteria for funding can be categorized into three:

  • Academic excellence
  • Professional achievements
  • Potential to enhance the MIT Sloan community.

Read more about MIT scholarships here.

6. SDA Bocconi School of Business


SDA Bocconi School of Management (SDA – Scuola di Direzione Aziendale) is the graduate business school of Bocconi University. Located in Milan, it is the leading School of Management in Italy and one of the top-ranked European institutions. The MBA program at Bocconi helps you to develop new skills, tools, and methods to detect the evolution of the global market, anticipate business shifts and lead the response to change.

Why study at this school?

This one-year MBA program is at the top of the game. Constantly adapting to meet market needs, this intense 1-year course will provide you with competencies and techniques beyond conventional managerial knowledge. Their MBA program has only about 100 students but from 30 different countries, giving you a diverse learning experience.

What are the career prospects after graduation?

Over 92% of Bocconi students receive lucrative job offers within 3 months of graduation. Some of the top recruiters include Amazon, Valentino, Nike, Loreal, Prada Samsung, and loads of fashion industries housed in Milan.

Eligibility

  • A completed undergraduate degree from a recognized university
  • Relevant work experience (Average is about 5.5 years)
  • GMAT/ GRE scores
  • Proficiency in English (TOEFL/ IELTS)

Admission process & Fees

The admission process begins by submitting the completed application form. To it, you must attach official transcripts of previous education. In addition, there is a video pre-interview that you must complete along with the application. It gives them a well-rounded picture of who you are as a candidate. Applications are considered on a rolling basis, which means they are considered as and when they are received. It will help you to not wait until the deadline to submit your application.

The total tuition fee is €65,000 to be paid in 4 installments.

Scholarship options

SDA Bocconi School of Management has 35 Tuition waivers/ scholarships for the admitted students to the MBA class of 2023-24. Applications to the tuition waivers will be evaluated according to the following criteria:

  • Analysis of academic and professional records
  • Analysis of the requirements indicated in the specific notice of competition
  • Results of the MBA selection process. Read more, here.

7. Wharton School of Business


The Wharton School is one of the Ivy League. It is affiliated with the University of Pennsylvania. Established in 1881, it is one of the oldest collegiate business schools in the US.

Why study at this school?

Wharton has 21 different MBA concentrations that you can choose from. It gives niche specializations for you to choose from. The school also has a reputation for being “the finance school”, globally. The school is also known for its rigorous and pioneering data analysis modules. Because of its global reputation, the kind of professionals who seek Wharton is also in the top tier.

What are the career prospects after graduation?

Last year, about 94% of its MBA graduates seeking full-time employment received job offers ranging from $130,000 to $160,000. Over 800 different employers throng Wharton graduates in order to recruit them for their companies. With the level of reputation the school holds, doors simply open for a Wharton graduate. It is easier to call it the Oxford of business schools

Eligibility

  • Completion of an undergraduate program in an accredited U.S. college or its equivalent in another country.
  • GMAT/ GRE scores
  • Results of an English Language Test (TOEFL or PTE). To waive an English language test, you must include a letter requesting the waiver in your application AND documentation that your education was in English.
  • Work experience is not mandatory but the admissions committee does look for diverse experiences and professional maturity. The average work experience for its MBA students is about 4.5 years/

Admission process & Fees

The completed application form is submitted via the Wharton Admissions Portal. Applications are considered in three rounds. The first round is in September, the second in January, and the third is in March. If shortlisted, you will go through an interview before being selected.

The tuition and fees cost about $85,000.

Scholarship options

But, the school does have numerous scholarship options in the form of fellowships. They are two-year awards, split over four semesters. Criteria for fellowship selection include unique personal qualities and background, academic achievement, exceptional professional development, and community involvement. Read more about it, here.


Studying in your dream school with TC Global


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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! ✅

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Also Read: MBA in Italy for Indian Students: In-Depth Guide for 2022



Date added
29.11.2022

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