Operations Management is very crucial to business administration since it handles the planning and control of production, distribution and quality. It offers great career opportunities to gain practical experience and provides placement support. Graduating from the top tier MBA Colleges for Operations Management opens limitless opportunities in the diverse field of management.
Pursuing an MBA is A DREAM for Millions – NO DOUBT ABOUT THAT! In the ensuing blog, we are going to touch upon the best 10 MBA colleges for Operations Management in 2024. We will also be presenting their detailed course particulars, fee structure, average package offered and the top recruiting companies making it easy for you as a reader to make a choice when it comes to the college. Keep reading to get the complete details!!
Why pursue an MBA in operations management?
The MBA in operations management would take students to potential career fields in logistics, supply chain, production, and quality management as well since it is frequently equipping one with strategic and leadership skills to make impactful improvements in efficiency. All of the MBA Colleges for Operations Management colleges mentioned below have industry-aligned curriculums and a strong placement network, making them the best choices for those MBA aspirants focusing on operations. So read on to get an idea about the MBA colleges for operations management.
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Here’s a list of Top 10 MBA Colleges for Operations Management
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1. XLRI Jamshedpur
Established in 1949, XLRI Jamshedpur is one of the oldest and best MBA Colleges for Operations Management. The institute mainly focuses on ethics in leadership as well as academic rigour.
Courses offered:
- PGDM: General Business Management
- PGDM: Specialization in Human Resource
- PGDM:Primarily aimed at experienced individuals. concentrating on general administration
- Tuition: Rs. 25.8 Lakh
- Average Salary: Rs. 29.89 LPA
- Top Recruiters: The leading organizations recruiting at XLRI Jamshedpur are Amazon, Tata Steel, Hindustan Unilever, Flipkart. They predominantly conduct a recruitment drive for the students in logistics and supply chain management domains.
2. IIM Bangalore
IIM Bangalore was established in 1973. It is mainly the third IIM to be established in the country and is located in India’s technology hub, and is one of the most networked MBA Colleges for Operations Management with the numerous opportunities exist for the students with global corporations and start-ups alike.
Courses offered:
- Master of Management Studies (Public Policy): 1 year full time focused on policy for the public sector
- Master of Business Management (MBA): A 2 years full time program with options to specialise in operations and other fields.
- Executive Education Programme (EEP): Designed for executives to gain advanced business skills.
- Fees: Rs. 24.5 Lakh
- Average Salary: Rs. 35.31 LPA
- Top Recruiters: The major recruiters in IIM Banglaore are McKinsey, PwC, Infosys, and Deloitte they specifically hire for consulting, operational strategy, and analytics roles
3. IIM Calcutta
Institute of Management Calcutta was established in the year 1961 and has since then occupied a premiere institution among MBA Colleges for Operations Management focusing on analytical skills and management fundamentals making it a pioneer in the operations management education.
Courses offered:
- Master of Business Management (MBA): Two Years full time program emphasises on analytics and management basics.
- Diploma in PGPEX: A one year program for working professionals.
- Post Graduate Diploma in Business Analytics: Specialised in data analytics, essential for operations and strategy.
- Fees: Rs. 31 Lakh
- Average Salary: Rs. 35.07 LPA
- Top Recruiters: Goldman Sachs, BCG, and Reliance Industries analytics, operations strategy, and supply chain optimization jobs.
4. SPJIMR Mumbai
SPJIMR is one of the leading business schools founded in the year 1981 it is exclusively dedicated to experiential learning and industry interaction its a private non-profit management school located in Mumbai India among the MBA Colleges for Operations Management.
Courses Offered:
- Post Graduate: full time programs for two years
- PGDM: Full time management program focused on experiential learning.
- A full time doctoral program
- A fellow program in management (FPM): A doctoral program designed for research.
- Fees: Rs. 24 Lakh
- Average Salary: Rs. 33 LPA
- Top Recruiters: Accenture, Johnson & Johnson, and Procter & Gamble recruit SPJIMR pass outs for supply chain management, operations consulting, and production planning.
5. IIM Lucknow
Established in the year of 1984, IIM Lucknow boasts a diverse curriculum and industry partnerships, whic.h made it one of the great MBA institutes. It is also recognised as an “Institution of Excellence” by the Ministry of Human Resource Development among top MBA Colleges for Operations Management
Courses offered:
- Post graduate diplomas: With options to specialise in various management fields
- Fellowships programs: Research focused
- Executive Programs in Management: Designed for experienced professionals
- Fees: Rs. 20.7 Lakh
- Average Salary: Rs. 32.20 LPA
- Top Recruiters: Some of the key recruiters include Amazon, Flipkart, Tata Motors, and PwC, which hire in logistics, process improvement, and operational strategy.
6. JBIMS Mumbai
JBIMS founded in the year 1965 is famous as the ‘CEO Factory,’ and it provides quality education at a moderate price and central location in Mumbai, excellent industry exposure spanning over the past 52 years which makes it the best MBA college for operations management in India making it a top choice for the MBA Colleges for Operations Management.
Course Offered:
- MBA: They offers a well rounded program with emphasis on production, logistics and supply chain management
- Fees: Rs. 6 Lakh
- Average Salary : Rs. 28.02 LPA
- Top recruiters: ICICI Bank, Axis Bank, Tata Consultancy Services, Deloitte in process optimization, and supply chain management
7. SJMSOM, IIT Bombay
SJMSOM, IIT Bombay established in the year 1995, brings in management education with technological insights thus fitting students interested in operational roles with a technology driver.
Courses offered:
- MBA: A two year program that combines technology and management
- Management Development Programs (MDP): Short term programs for professionals in business and technology
- Fees: Rs. 14 Lakh
- Average Salary: Rs. 28.88 LPA
- Top Recruiters: For operational consulting, project management, and supply chain analytics, PwC, KPMG, Mahindra, and Larsen & Toubro recruit.
8. IIM Mumbai (NITIE)
The top institution in operations and supply chain in India is NITIE, which is a shorthand for National Institute For Industrial Engineering which came into existence in the year 1963 with a focus on the making of management professionals. In the days of yore, this institution used to always be at the helm of industrial management and logistics.
Courses offered:
- The courses offered by the operations and supply chain program of IIM hold a strong emphasis on quantitative techniques and advanced operation strategies. Students completing courses in operations management from IIM are ahead of other manufacturing and industries students.
- Fees: Rs. 21 Lakh
- Average Salary : Rs. 27.75 LPA
- Top Recruiters: Amazon, Aditya Birla Group, Hindustan Unilever, Asian Paints often hire the students of this college to work with them as logistics, process optimization, and supply chain management.
9. NMIMS Mumbai
Narsee Monjee Institute of Management Studies is one of the top private MBA Colleges for Operations Management in India and is located at Mumbai with a very good alumni network and good industry tie-ups.
Courses offered:
- MBA: General management courses with elective options
- MBA HRM: Exclusively focuses on human resource management
- MBA- Pharmaceutical management: Tailored for the pharma industry
- Fees: Rs. 23.90 Lakh
- Average Salary: Rs. 26.63 LPA
- Key Recruiters: The key recruiters here are Marico, Philips, and KPMG, which recruit students in areas of logistics, supply chain, and operations analytics.
10. ISB Hyderabad
Established in the year 2001, ISB Hyderabad boasts of international faculty and curriculum. ISB gives one of the top value one-year MBA programs from across the country that is sought-after by most multinational companies.
Courses offered:
- MBA at ISB-This primarily concerns production management, logistics, and inventory control. International faculty members with industry relations across the globe ensure that students gain an international dimension to operations management.
- Fees: Rs. 17.15 Lakh
- Average salary: Rs. 34.08 LPA
- Top Recruiters: Amazon, Goldman Sachs, Deloitte, and EY offer supply chain management, operational strategy, and process improvement.
Conclusion
Like every other college, there are many things that should be considered while choosing the MBA colleges for operations management but keeping the institute’s reputation, course structure, faculty expertise and alumni network in mind is crucial. Such colleges impart industry-relevant education and have excellent placement support, so, therefore, the opportunities in MBA Colleges for Operations Management are abundant, promising rewarding careers in the field of operations management abound.
