Are you considering a career in supply chain management and wondering if getting an MBA is worth it? For those interested in understanding how to manage the many components of global supply chains and developing leadership skills that allow them to succeed regardless of the industry, an MBA can be a great way to open up new opportunities.
Learn more about why now is the perfect time for anyone considering pursuing an advanced degree in this field.
1. Supply Chain Manager
As a supply chain manager, you’ll be responsible for various job duties, such as ensuring the daily operations of a supply chain are running efficiently, ensuring timely product delivery, and managing relationships with suppliers.
According to the Bureau of Labor Statistics, job growth in this field is expected to grow 5% from 2019-2029. An MBA in supply chain management will give job seekers a competitive edge since it has become increasingly popular among employers due to its comprehensive educational requirements.
Salary and job growth possibilities may also be enhanced depending on many factors such as experience, specialization, and training. With all these benefits in mind, those desiring to pursue a career as a supply chain manager should look no further than having an MBA degree. In addition, busy professionals can enroll in online supply chain management programs for the flexibility to learn at their own pace.
2. Logistics Analyst
A logistics analyst is typically responsible for job duties such as improving efficiency, troubleshooting problems, and monitoring data. Educational requirements for this job typically include a bachelor’s degree or higher in Business or Logistics and a Master of Business Administration (MBA) in Supply Chain Management. The candidate should also possess strong analytical skills, management experience, and a thorough understanding of the industry.
According to PayScale, logistics analysts can make more than $83,000 annually. With their vast knowledge and unique skillset, these professionals are vital to the success of many companies across many sectors.
3. Inventory Manager
An MBA in Supply Chain Management can qualify you for various job duties. According to job postings from major companies, roles include managing domestic and international supply chains and developing strategies for inventory optimization.
Depending on the company, this job typically requires an MBA degree and industrial engineering and logistics experience. However, the minimum requirements for this role include a bachelor’s in operations, business administration, and supply chain and inventory management.
The salary for this role could reach up to $113,000 per year. As an Inventory Manager, many job opportunities are available with great rewards when you specialize in supply chain management.
4. Procurement Manager
As a procurement manager, your duties include tracking goods and services ordered by the company, negotiating contracts with vendors, and developing strategies to maximize value while minimizing spending.
According to the US Bureau of Labor Statistics, minimum educational requirements for this job include a bachelor’s degree in supply chain management, business administration, or logistics. Those who receive an MBA in Supply Chain can negotiate higher salaries as employers are often looking for candidates with both educational backgrounds and experience. On average, procurement managers make a median salary between $109,500 and $139,800 a year.
5. Business Process Consultant
Becoming a business process consultant is an excellent job option for those looking to combine their educational background in the field with job duties involving analyzing and restructuring organizational procedures. While job opportunities vary, generally, it requires a minimum of an MBA (or equivalent) in supply chain management plus prior work experience.
According to PayScale, the average salary for a business process consultant is $81,501 annually in the United States. While this job role is challenging and dynamic, the right combination of education and job experience makes it a very rewarding position to take on.
6. Sourcing and Purchasing Agent
As a Sourcing and Purchasing Agent, you can expect to take on job duties such as identifying suppliers, negotiating agreements for goods or services, and approving invoices for payment. A minimum educational requirement for this job is at least a bachelor’s degree and some work experience in procurement.
According to the Bureau of Labor Statistics, job opportunities in this field are projected to grow by 6%. The average salary for a sourcing and purchasing agent is over $63,000 a year.
This job requires excellent communication skills, the ability to plan strategically, and the capacity to analyze and interpret data. With dedication and hard work, a career as a Sourcing and Purchasing Agent offers many possibilities.
7. Quality Assurance Manager
As a QA Manager, you’re set to have a job full of variety and satisfaction. Your job duties will include providing analytical skills relating to improving manufacturing performance and process efficiency and being responsible for auditing and maintaining quality compliance measures.
The minimum educational requirement for this career includes an undergraduate degree in business, engineering, or a related field. While it is essential to have three to five years of experience in a related field, supervisory experience and an MBA in Supply Chain Management or other related areas, such as quality assurance, will give you an advantage over other candidates.
According to job market researchers, these positions can offer salaries between $109k-136k depending on your job experience and qualifications. Investing in further education and having the relevant qualifications for this job are important investments that can help you secure a rewarding salary.
8. Distribution Center Supervisor
An opportunity for a Distribution Center Supervisor with an MBA in Supply Chain Management is an exciting job prospect. It requires job duties such as overseeing the staff and budgets related to daily operations, resolving bottlenecks, managing inventory, monitoring the performance of the warehouse, ensuring safety regulations are complied with, and providing leadership and direction to team members.
The minimum educational requirements for this job are a bachelor’s degree in supply chain management, business logistics, or equivalent experience. The typical salary for this job can range from $60,000 to $78,000. If you have an MBA in Supply Chain Management, this job could be your chance to utilize your skills and knowledge to advance your career.
Conclusion
A career in supply chain management is not only rewarding and offers a great salary but also provides opportunities to work with leading companies, develop your skills and knowledge, and apply them in real-world situations. With the right education and experience, you can find a job that best fits your interests and goals. Whether it’s an inventory manager, procurement manager, business process consultant, or sourcing and purchasing agent—all these jobs provide excellent growth potential for those who have a passion for the industry.
If you have the ambition to become an expert in the field of Supply Chain Management, there are many paths for you to take that could lead to a successful career.
