Master of Business (MBA) in Materials management is a 2 years course that deals with all the material-related activities in an organisation, such as materials planning and identifying, purchase systems and procedure, variety reduction through standardisation, reducing uncertainties in demand and supply, handling and transportation, inspection, proper storage and issue of materials to the internal customers, inventory management, and vendor management.
Top Institutes offering MBA in Material Management Course are:
Average course fee charged by various institutes ranges from INR 3 to 10 Lacs.
MBA in Material Management is a promising career option in India. There is a large number of job opportunities in both public and private sectors, accompanied by attractive pay structure. Average starting salary for MBA in Material Management degree holders ranges from INR 3 to 5 Lacs.
Students can grab job opportunities in a number of subdivisions like Supply Chain Management, Logistics, Purchasing Management, Packaging Industry and Quality Management.
Listed below are some of the major highlights of the course
|Course Level||Post Graduate|
|Examination Type||Semester System|
|Eligibility||Graduate from a recognised University|
|Admission Process||Counselling after taking Entrance Examination|
|Course Fee||INR 3-10 lacs|
|Average Starting Salary||INR 3-5 lacs|
|Top Recruiting Companies||Ford, SAIL, TISCO, Lafarge, etc|
Materials Management can be defined as the process which takes care of the campus planning and building design for the movement of materials, or with logistics that deal with the tangible components of a supply chain. The main goal is to provide an unbroken chain of components that ensure smooth production to manufacture the goods on time for the customers.
This branch designs and plans for collection, storage, distribution and delivery of raw materials and services. MBA in Material management is mostly needed during building design project. The term material can be anything, from office supplies, mail, food, building products, raw materials, wastes as well as services.
Admission to the MBA program is open to any qualified holder of a Bachelor’s Degree from a recognized university regardless of the undergraduate major field of study. However, a student that has studied subjects like Accounts, Business Studies, Economics and Maths will exercise additional advantage.
Some entrance tests are conducted like CAT, XAT, SNAP, GMAT, XAT etc. that test the applicant’s skills. A minimum cut off must be attained in these exams to apply for the course.
Admission process into the Top B Schools generally starts from the second week of March. Related information is always available in the respective websites and published through ads in all leading newspapers and employment magazines.
After receiving duly filled application forms whether hard copy or online, Institutions issue admit cards for the entrance test to select eligible candidates for admission.
The main entrance examinations for this course are Common Admission Test (CAT), Common Entrance Test (CET), Joint Management Entrance Test (JMET), Management Aptitude Test (MAT), Xavier Admission Test (XAT) and AIMS Test for Management Admissions (ATMA). Admission is usually offered based on the cumulative scores of written test, Group Discussions, Personal Interviews and work experience in a few cases.
Listed below are some of the top institutes offering the course in the country with the corresponding locations along with fee charged
|Indian Institute of Materials Management||Bangalore||INR 20 lacs|
|Indian Institute of Materials Management||Trichy||INR 10 lacs|
|Xavier School of Management||Jamshedpur||INR 17,25,000|
|S. P. Jain Institute of Management and Research||Mumbai||INR 12 lacs|
|Christ University||Bangalore||INR 3,40,000|
|Alliance University||Bangalore||INR 13,50,000|
|National School of Business||Bangalore||INR 4,30,000|
|Birla Global University||Bhubaneshwar||INR 7,50,000|
A year wise breakup of the course syllabus is tabulated below
|Year 1||Year 2|
|Principles of Management and Organisational Behavior||Packing and Distribution Management|
|Managerial Economics||Export Trade and Documentation|
|Accounting and Finance for Managers||Logistic and Supply Chain Management|
|Marketing Management||Purchasing and Procurement Management|
|Human Resources Management||Materials and stores Management|
|Quantitative Techniques for Management||Total Quality Management|
|Research Methods for Management||Project Management|
|Corporate Communication||Business Environment and Ethics|
|Operations Management||Strategic Management|
Whoever wishes to pursue MBA in Material Management must possess strong communication skills for effectively conveying purchasing information to vendors, staff, and executives. Good negotiation skills are important to settle upon reasonable terms of contract with suppliers. Basic math skills will help you compare prices and track budgetary goals.
Candidates must possess great analytical skills to know when supply levels need to be replenished. Computer skills are essential since most companies have digitized their inventory. You should also have great problem-solving, team leadership, and organization skills if you wish to become an MBA in this field.
Candidates pursuing MBA in Material Management as a career have a good scope ahead. Every organization depends on materials and services from other organizations. Thus, it is very important for the efficient management of materials in any organization. It adds to the profitability and repute of the organization. This is an industry where demand of skilled managers will never decrease with time.
Some of the popular avenues open to such postgraduates are listed below with the corresponding salaries offered for the respective positions.
|Job Position||Job Description||Average Annual Salary in INR|
|Materials Manager||Materials managers have the primary responsibility of controlling the buying decisions and setting policies for managing the facility’s supply chain. Materials management professionals will build relationships with vendors and lead contract negotiations for fair pricing. Implementing measures to reduce supply costs within tight budget constraints is essential||INR 4 - 8 lacs|
|Inventory Manager||Inventory managers monitor available supplies, materials, and products in order to ensure that customers and employees have access to the materials they need. Another inventory manager may maintain a set number of automotive parts for a group of repair shops.||INR 4-7 lacs|
|Materials Supervisor||Supervises and coordinates activities of workers engaged in lifting, transporting, storing, and loading materials and products by use of conveyors, cranes, hoists, or industrial trucks, applying knowledge of plant layout and material-handling equipment and procedures. Studies receiving or shipping notices, requests||INR 5- 8 lacs|
|Purchase Officer||Procurement Officers process purchasing transactions for equipment, materials, supplies, capital goods, and services.||INR 2-4 lacs|