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MBA in Operations Management 2024- Explained Everything!
MBA in Operations Management 2024- Explained Everything!,Sep 16, 2024
Online MBA
Sep 16, 2024
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MBA program in Operations Management is essential to ensuring businesses function smoothly and efficiently in today's fast-paced, more digital corporate world. An organization striving for performance excellence needs operations managers to manage supply chains, supervise production, and streamline workflows. For individuals who want to advance in this crucial business role, an online MBA in operations management is the best option because it offers both convenience and a top-notch education.
This blog post will guide you through every facet of an online MBA program in operations management, including course objectives, salient characteristics, prerequisites, job opportunities, and much more. Now let's get started!
What is an MBA Program in Operations Management?
An MBA program in operations management is a postgraduate degree program that aims to deliver students with the robust knowledge and abilities required to manage the main operations of an organization. Supply chain management, logistics, manufacturing systems, project management, quality control, and process optimization are a few of these operations.
Operations management is an essential department for any organization since it ensures the smooth and seamless operation of the internal business processes. The operations manager's job is to fulfill organizational goals by coordinating the company's plans with daily actions and making the best use of human, financial, and material resources.
Reasons for pursuing an Online MBA program in Operations Management
An Online Master of Business Administration (Online MBA) degree program in Operations Management grants flexibility and convenience in their schedule letting them balance their academics and work life. We have mentioned a few reasons why an Online MBA degree is a great choice for students:
- Universities have delivered the course with flexible modes of learning, allowing learners to access the coursework from anywhere and anytime.
- Several apex bodies such as AICTE, UGC, and DEB have granted approvals to universities or colleges proving the authenticity and credibility of the program worldwide.
- During the educational journey, learners will have several opportunities to build strong connections with globally renowned faculty members and industry professionals.
- The curriculum of the Online MBA program has been meticulously designed by seasoned professionals in combination with industry experts.
- The comprehensive curriculum of the program equips students with relevant skills including critical thinking, problem solving, and analytical skills required to enhance growth of the business.
- Typically, the Online MBA program costs cheaper than the traditional on-campus MBA Program.
- The Flexible mode of online learning enables students to access the coursework from anywhere and anytime.
- International students can enroll in an MBA program while sitting in their home country.
- Working professionals can balance their academics and working lives simultaneously.
Approvals and Accreditations to the Course
The Online Master of Business Administration (Online MBA) program holds approvals and accreditations from apex bodies including AICTE, UGC, and DEB ensuring the credibility and authenticity of the program along with the National Assessment and Accreditation Council (NAAC) with high-ranking grades including (A, A+, A++), and the National Institute of Ranking Framework (NIRF) has ranked the university among top universities nationwide.
Advantages of Online MBA in Operations Management
There are numerous reasons to choose an Online MBA in Operations Management, a few of them are mentioned below:
- Flexibility and Convenience: Unlike traditional on-campus MBA programs, students can access the coursework from anywhere and anytime without being physically present at the campus.
- Affordability: The Online MBA program lets students save expenditure on tuition fees, relocation allowances, traveling allowances, and the ability to continue their education while pursuing their jobs.
- Customized Learning Experience: The Online MBA program delivers a customized education experience in combination with online live lectures, recorded classes, doubt sessions, and interactive assignments.
- Networking Opportunities: Students will get several opportunities during the educational journey to have access to a global network of peers, industry experts, and instructors.
- Industry-Relevant Curriculum: The curriculum of an online MBA program in operations management is specially designed by a seasoned team of globally renowned faculty members in combination with industry experts and subject matter experts ensuring students with the latest industry-oriented curriculum which is perfectly blended with theoretical knowledge along with practical applications.
The Detailed Curriculum of Online BBA in Operations Management Program
Semester 1 | Semester 2 |
Management Theory and Practice | Business Communication |
Organizational Behavior | Essentials of HR Management |
Marketing Management | Business Law |
Business Economics | Strategic Management |
Financial Accounting and Analysis | Operations Management |
Information Systems for Managers | Decisions Science |
Semester 3 | Semester 4 |
Operation and Supply Chain Strategies | World Class Operations |
Enterprise Resource Planning | New Product Development and Managing Innovation |
Total Quality Management | Lean Six Sigma |
Project Management | Business: Ethics, Governance and Risk |
Procurement Management | Research Methodology |
Service Operations Management | Project |
Other Demanding Online MBA Specializations
Course Duration of Online MBA Program in Operations Management
The duration of an online Master of Business Administration (Online MBA) program in Operations Management depends on the concerned universities or colleges offering the program. However, the duration of the program ranges from 12-18 months, which can further be extended up to 3 years to accommodate the hectic schedule of working professionals.
Fee Structure for Online MBA in Operations Management
The cost of pursuing an Online MBA in Operations Management depends on factors like the institution, course duration, and geographical location. On average:
- Top-tier universities: The fee can range from INR 2,80,000 to INR 4,60,000*.
- Mid-tier universities: You might pay anywhere between INR 80,000 to INR 1,60,000*.
- Budget-friendly options: Fees can be as low as $5,000 to $15,000, especially in some international programs.
Skills Required for an Online MBA Program in Operations Management
Students will develop several skills required to excel in the Operations Management domain which are sought after by employers. These include:
- Students will empower themselves with the ability to analyze operational challenges or intricacies related to data-driven solutions.
- MBA graduates in Operations Management obtain leadership skills required to manage large projects across multiple business functions.
- Candidates equip with essential skills to manage and enhance supply chains to boost efficiency.
- Students are able to manage projects within time, resources, and budget effectively.
- Candidates able to Identify inefficiencies and implement strategies to reduce operational costs.
Entrance Exams to be considered for admission in MBA Programs
Here is the list of entrance exams, candidates need to clear to gain admission to an online MBA program:
- CAT (Common Admission Test)
- KMAT (Karnataka Management Aptitude Test)
- CMAT (Common Management Admission Test)
- MAT (Management Aptitude Test)
- XAT (Xavier Aptitude Test)
- NMAT (NMIMS Management Aptitude Test)
- GMAT (Graduate Management Admission Test)
- MAH CET (Maharashtra Common Entrance Test)
- TANCET (Tamil Nadu Common Entrance Test)
- SNAP (Symbiosis National Aptitude Test)
- PGCET (Postgraduate Common Entrance Test)
- ATMA (AIMS Test for Management Admission)
Is an Online MBA in Operations Management Right for You?
Working professionals who seek to enhance their careers in operations while juggling with their personal and professional commitments can consider earning an online MBA in operations management. Students can advance their current position or move into a different industry or job will be greatly enhanced by the skills and information students will acquire from this program.
Conclusion
An Online MBA in Operations Management provides the ideal balance of flexibility and specialized knowledge for those aspiring to excel in operations roles. From learning how to optimize supply chains to mastering project management, this program offers a comprehensive skill set to help you make a lasting impact on your organization.
If you're ready to take the next step in your career and lead operational excellence, an Online MBA in Operations Management could be the perfect investment in your future!
Frequently Asked Queries
A1. The Master of Business Administration (Online MBA) is a postgraduate degree program specializing in equipping students with relevant skills and knowledge required to excel in the business world. The Online MBA program spans equivalent to traditional on-campus MBA program which is 2 years and it can further be extended to align with the busy schedules of working professionals.
A2. The eligibility criteria for the online MBA program critically depend on the university offering the program. However, some of the common eligibility criteria are mentioned below:
- Graduates of a bachelor's program in any discipline from any recognized university.
- To prove their fluency and proficiency in the English language, candidates must clear examinations like IELTS, TOEFL, SAT, or any university-specific organization.
- Working professionals who are seeking admission in the field of Operations Management are expected to hold work experience of at least 4 to 5 years.
A3. The online Master of Business Administration (Online MBA) in Operations Management program empowers graduates to explore and clinch top leadership positions in several career opportunities such as:
- Operations Manager
- Supply Chain Manager
- Logistics Analyst
- Production Planner
- Quality Control Manager
- Inventory Manager
- Operations Research Analyst
- Manufacturing Manager
- Procurement Specialist
- Distribution Manager, and More.