Master’s in Operations Management: Top Universities, Fees and Jobs
A Master’s in Operations Management caters to working professionals covering topics such as resource management, supply chain optimisation, process improvement, and quality control. Businesses value these skills in different industries because they enhance efficiency, productivity, and cost-effectiveness. The Master’s program provides students with a strategic outlook and various skills that can be used in multiple operations management roles.
Benefits of Master’s in Operations Management
A Master’s in Operations Management offers advantages for professionals seeking to enhance their career prospects and contribute significantly to organisational success:
- High Demand for Skills: The ability to optimise resources, improve processes, and ensure quality is highly valued across industries. Graduates are skilled in tackling operational challenges and driving efficiency.
- Diverse Career Opportunities: The programme provides a solid foundation for roles such as operations manager, supply chain analyst, and business excellence manager. Graduates can work in manufacturing, retail, technology, and many other sectors.
- Holistic Business Perspective: Understanding the interconnectedness of operations, from procurement to production and delivery, allows graduates to see the bigger picture and make informed strategic decisions.
- Strong Problem-Solving Abilities: Operations managers often face challenges. The master develops analytical and problem-solving skills to address issues effectively.
- Global Focus: Modern businesses operate in a globalised environment. The programme provides insights into international supply chains, logistics, and cultural nuances.
- Excellent Career Prospects: The high demand for skilled operations professionals leads to competitive salaries and many job opportunities.
Top Universities for Master’s in Operations Management
There are many universities which offer a Master’s in Operations Management course. These universities are known for their excellent research and faculty. Pursuing the master’s course from these universities can take you places in terms of job opportunities:
| University | Course | Duration | Tuition Fees (Total) |
|---|---|---|---|
| London Business School | Management Science and Operations | 12-16 months | £47,500 |
| University of Manchester | MSc Operations, Project and Supply Chain Management | 12 months | £28,000 |
| Warwick Business School | MSc Business with Operations | 12 months | £34,550 |
| Cardiff University | MSc Logistics and Operation Management | 12 months | £27,200 |
| University of Chicago | MBA Operation Management | 24 months | $168,396 |
| Heriot Watt University | MSc Operation Management | 12 months | £20,376 |
Course Structure of Master’s in Operations Management
The course structure of Master’s in Operation Management also includes concepts of supply chain management. This master’s programme helps students gain skills that will help them solve real-world problems in operation management. Here is the syllabus of the Master’s in Operations Management programme:
- Research Methods
- Project Management
- Business Ethics
- Global Procurement
- Business Ethics
- New Product Development
- Supply Chain Science
Career Opportunities After Master’s in Operation Management
Operation managers often work under pressure due to their complex roles. However, their skills, experience, and educational qualifications are highly valued, leading to great compensation packages. Given the universal need for efficient operations across all industries, professionals in this field are in demand globally. The scope of operations management is huge.
While salary levels can vary based on sector and location, operations managers generally command six-figure salaries which fulfills the objectives of operations management. Moreover, there is often a higher demand for these professionals in international markets than in India. Here is a list of jobs after pursuing Master’s in Operations Management:
| Job Posts | Salaries (annual) |
|---|---|
| Operation Executive | $70,000 - $100,000 (INR 58 - 83 Lakhs) |
| Area Operations Manager | $63,000 - $94,000 (INR 52 - 78 Lakhs) |
| General Operations Manager | $61,000 - $100,000 (INR 51 - 83 Lakhs) |
| Manufacturing Consulting Manager | $86,698 - $100,000 (INR 72 - 83 Lakhs) |
| Plant Manager | $82,000 - $100,000 (INR 68 - 83 Lakhs) |
| Operational Research Analyst | $51,000 - $82,000 (INR 42 - 68 Lakhs) |
Admission Requirement For Master’s in Operation Management
To gain entry to a top program specialising in Operations Management, applicants generally need to meet the following criteria:
- Standardised Test Scores: Strong results in the GMAT (600), GMAT Focus (720) and GRE (320) are often required.
- CV: A well formatted CV which highlights your skillset
- English Language Proficiency: Non-English speakers must demonstrate their language ability through IELTS (6.5), PTE (70+), or TOEFL (100-110) tests.
- Writing Skills: Applicants must submit well-written essays explaining their reasons for pursuing the program and career aspirations.
- Professional Experience: A strong professional history relevant to operations management is beneficial.
- Letters of Recommendation: Supportive letters from academic or professional references can enhance an application.
Conclusion
Obtaining a Master’s degree in Operations Management enhances your ability to improve the internal operations of any company. You will become proficient in production, logistics, and delivery, ultimately becoming an operations manager. This master’s programme opens up global job prospects in managing operations and ensuring smooth business operations.
FAQs
What are the job opportunities after Master’s in Operation Management Abroad?
Opportunities for operations management professionals exist globally across various industries. Roles can be found in manufacturing, logistics, supply chain, healthcare, and technology sectors.
How is life after MBA in Operations Management?
An MBA in Operations Management can open doors to managerial roles with increased responsibilities. Graduates often lead teams, optimise processes, and make strategic decisions. The transition can be challenging but rewarding, with opportunities for career advancement and higher earning potential.
What is it like to work in Operations Management?
Operations managers oversee the day-to-day running of an organisation’s operations. Their work involves problem-solving, decision-making, and managing resources efficiently. The role is often demanding but fulfilling, requiring a combination of strategic thinking and practical implementation skills.
What experience is necessary to become an operations manager?
Most operations manager roles require a combination of education and experience. A relevant undergraduate degree and a few years of experience in operations or related fields are common prerequisites. Strong analytical, leadership, and problem-solving skills are essential.
What are the critical challenges faced by operations managers?
Operations managers often encounter a range of challenges in their roles. These can include managing supply chain disruptions, optimising resource allocation, implementing technological advancements, ensuring quality control, meeting customer demands, and managing a diverse workforce. Additionally, they must often balance competing priorities, such as cost reduction, efficiency, and sustainability.
If you are an aspirant looking to study at your dream university, book an appointment with AdmitX today and start your applications early to avail yourself of all the benefits.
