MBA Materials Management is a postgraduate level course of two years which is centred around laboratory and field studies with theoretical and computational skills aimed at addressing issues related to Materials and Stores Management.
The subject helps in studying the Planning, Organization, Leading and Controlling Materials.
The eligibility criteria for PhD is 50% minimum aggregate in Bachelor's Degree (BSc , B. Tech , BBA). Mostly the admission process for the colleges or universities are Personal Interview and Entrance Test for some universities.
Some of the top colleges offering MBA Material Management course are:
|COLLEGE||CITY||ADMISSION PROCESS||AVERAGE ANNUAL FEE||AVERAGE PLACEMENT PACKAGE|
|INDIAN INSTITUTE OF MATERIAL MANAGEMENT||Kolkata||Entrance based||INR 8,00,000||INR 6,00,000|
|CHRIST UNIVERSITY||Bangalore||Entrance based||INR 3,00,000||INR 5,80,000|
|XAVIER SCHOOL OF MANAGEMENT||Jamshedpur||Entrance based||INR 5,00,000||INR 5,40,000|
|INDIAN INSTITUTE OF MATERIAL MANAGEMENT||Trichy||Entrance based||INR 8,00,000||INR 8,00,000|
|SLIET||Sangrur||Entrance based||INR 51,000||INR 6,20,000|
The departments facilitating MBA in Materials Management are certified by UGC, AICTE, NBA, AMBA. The fee of this course can start from INR 50,000 to 10,00,000 while the placement package is INR 8,00,000 for MBA Jobs. The positions that are offered to MBA students like that of Purchase Manager, Strategic Planner and Materials Analyst.
Institutes in India take into consideration the last qualifying examination i.e. Graduation Degree as well as their own entrance examination for admission in MBA in Materials Management.
Check Out : All about MBA
Candidates have to register and then wait for the notification of availability of online application.
See more: MBA Material Management Cut Offs
The eligibility criteria for MBA in Materials Management is almost similar across all universities in India. The candidates must have one of the following degrees as mentioned below
Most institutes take direct admission on experience or Bachelor degree marks, entrance examination is conducted only by few universities which is followed by merit screening.
Some of popular entrance examination for MBA in Materials Management are
|Exam Name||Conducting Body||Mode||Application Period||Exam Date|
|CAT||IIMs||Online||August, 2020||November, 2020|
|GMAT||GMAC||Online||Throughout the year||Throughout the year|
The entrance exam syllabus can vary a little from exam to exam like CAT,XAT,SNAP,GMAT.In order to secure a position here are some tips to follow:
|How to Prepare for Quantitative Aptitude for the CAT||Arun Sharma|
|GMAT Official Guide 2021 : Book + Online Question Bank||GMAC|
|Barron's GMAT Math Workbook||Ender Markal|
|Quantitative Aptitude for the CAT||Nishit K. Sinha|
|Complete Guide for MAT and other MBA Entrance Exams||Disha Experts|
In order to get admission and study in the best colleges MBA in Materials Management these are some of the following points
|MBA/PGDM IN CHENNAI||MBA/PGDM IN TELANGANA||MBA/PGDM IN DELHI-NCR|
MBA Materials Management aims at making the student a professional ecologist and researcher.
Highlights of the MBA Materials Management is given in the tabulated form below with basic information related to
|Course Level||Postgraduate Level|
|Full-Form||Masters of Business Administration in Materials Management|
|Examination type||Semester system|
|Eligibility||60% in the last qualifying examination in BBA|
|Admission Process||Entrance Test & Personal Interview|
|Course Fee||INR 2,00,000 – 10,00,000|
|Average Salary||INR 5,00,000 - 7,00,000|
|Employment Areas||Inventory Manager, Business Development Manager, Asset Manager, Corporate Manager, Senior Consultant , Market Research Analyst, Marketing Executive, Operations Manager.|
|Recruiting Companies||GlaxoSmithKline ,Raymond, PepsiCo ,Hyundai , Mahindra & Mahindra, Future Group, Maruti Suzuki, Ford , SAIL, Nestle, HUL, DTDC , Himalaya, ITC, Reliance Industries Ltd.|
MBA in Materials Management provides a platform to build the innovative minds of thousands of talented students to manage materials like raw materials, work in progress materials, finished good materials .
MBA Material Management and MBA Actuarial Science are both demanding courses due to their similarity in purpose i.e. of sustainability, renewability. Both the MBA courses have differences in their areas of research specialization which is hereby given in the tabulated form.
|PARAMETERS||MBA Material Management||MBA Actuarial Science|
|Overview||MBA in Materials Management that deals with all the materials related activities in an organization such as logistics, inspection, supply, standardisation and proper storage.||MBA in Actuarial Science is a specialized professional course where mathematical and statistical skills are fundamental in order to risk in the insurance and financial sector.|
|Admission procedure||The admission is mainly done by the score in the entrance examination like self conducted exams by the universities like XAT,GMAT,CAT.||The admission is carried out by following the entrance examination like CAT,SNAP, GMAT.|
|Course Fee||INR 3,00,000-8,00,000||INR 10,000 to 20,00,000|
|Eligibility||Minimum aggregate of 60% in BSc or BTech with more than a few years of experience.||60-70% marks in Bachelors Degree.|
|Syllabus||Managerial Economics, Packing and Distribution Management, Accounting and Finance for Managers, Logistic and Supply Chain Management, Materials and Stores Management.||Financial Mathematics, General Insurance, Life and Health Contingencies, Statistical Methods, Actuarial Risk Analysis ,Business Economics , Capital and Reserving Modelling.|
|Top Institutes||INDIAN INSTITUTE OF MATERIAL MANAGEMENT,CHRIST UNIVERSITY||Shankarlal Khandelwal Arts and Science College, Bishop Heber College, Chidambaram Pillai College.|
|Job Profile||Materials Manager, Inventory Manager, Purchase Officer, Materials Supervisor, Sourcing Manager.||Actuarial Modeller, Quantitative Analyst, Actuarial Analyst.|
|Average Annual salary||INR 4,00,000 – 8,00,000||INR 5,00,000-7,00,000|
These are some of the top universities for MBA Materials Management in India with the geographical location, fees ,and annual expected salary mentioned as follows
|College Name||Location||Average Annual Fees||Average Annual Salary|
|INDIAN INSTITUTE OF MATERIAL MANAGEMENT||Kolkata||INR 8,00,000||INR 4,00,000 -6,00,000|
|CHRIST UNIVERSITY||Bangalore||INR 3Lac||INR 3,00,000-5,00,000|
|INDIAN INSTITUTE OF MATERIAL MANAGEMENT||Trichy||INR 8Lac||INR 6,00,000-8,00,000|
|XAVIER SCHOOL OF MANAGEMENT||Jamshedpur||INR 5,00,000||INR 2,50,000-5,40,000|
|SLIET||Sangrur||INR 51,000||INR 4,00,000-6,00,000|
|NATIONAL SCHOOL OF BUSINESS||Bangalore||INR 4,30,000||INR 3,00,000-5,60,000|
|BIRLA GLOBAL UNIVERSITY||Bhubaneswar||INR 7,00,000||INR 2,50,000-5,00,000|
|NSU||Jamshedpur||INR 2,71,000||INR 5,00,000-8,00,000|
|SVPM'S INSTITUTE OF MANAGEMENT||Pune||INR 79,500||INR 4,00,000-6,00,000|
|LPU||Jalandhar||INR 2,32,000||INR 4,00,000-6,00,000|
MBA Materials Management is a dynamic stream with various region of specialization.The table below includes all the subjects that a Junior Research Fellow can specialize in
|Principles of Management and Organizational Behaviour||Packing Distribution Management|
|Quantitative Techniques for Management||Total Quality Management|
|Marketing Management||Purchasing and Procurement Management|
|Management Information Systems||Business Environment and Ethics|
|Managerial Economics||Logistic and Supply Chain Management|
|Material and Store Management||Project Management & Documentation|
|Corporate Communication||Strategic Management|
|Human Resources Management||Enterprise Resource and Planning|
These are some of the essential books during MBA Material Management are
|Indian Financial System||Pathak Bharti|
|Project Management||Dr. Raj Kumar Yadvendra|
|Management of Financial Services||Kanu Jain|
|Introduction to Materials Management||N. Chapman Stephen, Arnold J.R. Tony|
|Purchasing and Materials Management||P. Gopalakrishnan|
|Materials Management a Supply Chain Perspective||Chitale|
|Materials Management with SAP ERP||Martin Murray and Jawad Akhtar|
Generation of employment opportunities will be rising as the world is suffering from resource crisis and Materials Management is a long term sustainable solution to the problem.The top three nations will create more jobs in this field which are China,India,US and Germany.
The career option is diverse as mentioned in the beginning –
|Job Profile||Job Description||Average Annual Fee|
|Purchase Manager||To maintain purchase records of the raw material,equipment and supplies.||INR 5,00,000 to 7,00,000|
|Materials Manager||To ensure material flow,quality control.||INR 5,50,000 to 8,00,000|
|Inventory Manager||To maintain inventories of all transactions,procurement ,planning .||INR 3,50,000 to 6,00,000|
|Sourcing Manager||To manage the company supply portfolio ,implement strategies for sourcing and category management.||INR 5,00,000 to 6,00,000|
|Materials Analyst||To design supply chain management of the company ,transport ,export and import.||INR 4,00,000-6,00,000|
The key to success in Materials Management is the ability to get funded and the ability of management of Logistics and Materials Quality which will keep growing a Master of Business Administration but money solely cannot be the driving force in this field.
Ques. What is the fee structure in public and private college?
Ques. What is the average annual salary of a Material Manager after completion of MBA ?
Ques. Is MBA Materials Management a worthy option to take up or the candidate should directly join a company ?
Ques. What is the duration of the course ?
Ques. What makes Material Manager a desired course ?
Ques. Name some entrance examinations which are accepted by reputed institutes?
Ques. What is the most sought after job profile ?
Ques. What are some of the areas of specialisation in this course ?
Ques. What is the admission process in this course ?