Online MBA in Supply Chain Management 2021

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Modern businesses depend heavily on the supply chain, a complex system of interlinked processes that dictates how companies manufacture products and bring them to consumers. Supply chain managers oversee the many stages of a product’s life cycle, taking broad responsibility for the logistics behind processes such as manufacturing, storage, and transportation.

Supply chain management plays a vital role in most businesses, and the field offers high salaries for managers. The Bureau of Labor Statistics (BLS) reports that general and operational managers earn an annual median salary of $100,410. An online MBA in supply chain management can prepare students for top positions in this field.

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MBA in Supply Chain Management Career Outlook

  • What type of jobs can I get with a supply chain management degree?

    An MBA in supply chain management degree prepares graduates for jobs such as operations manager; transportation, storage, and distribution manager; logistician; and cost estimator.

  • Is supply chain a good career?

    Supply chain management plays a role in most major industries, and supply chain jobs generally offer high salaries, making the career a viable choice for MBA graduates.

  • What do supply chain managers do?

    Supply chain managers oversee the infrastructure that brings goods and services to consumers. They ensure that logistical operations such as inventory storage and transportation function efficiently.

  • Are supply chain jobs in demand?

    The supply chain affects nearly all commercial industries. Careers in logistics and management should grow at about the same rate as the national average.

Why Get an MBA in Supply Chain Management?

An MBA in supply chain management builds high-level skills in business, logistics, and infrastructure. These skills prepare candidates to manage and oversee the major stages of a product’s life cycle. This degree can lead graduates to high-paying management positions that commonly pay salaries in the low six-figure range, such as operations manager and transportation, storage, and distribution manager.

An online MBA in supply chain management often provides candidates the flexibility to complete their studies while maintaining a full-time job. Some programs may include experiential components, such as practicums or capstones, that students can complete at their current employer.

How Much Does an MBA in Supply Chain Management Cost?

MBA candidates typically earn higher salaries after completing their degree. Depending on the industry and location, students can experience a salary increase of anywhere from $70,000-$84,000 annually. However, these enormous salary gains translate to steep tuition rates at many colleges, and total expenses for top MBA programs can easily top $100,000 or even $200,000. Most MBA candidates view their degree as a professional investment, weighing pricey tuition expenses against the increased future earnings of an advanced degree.

MBA candidates can reduce their overall education expenses by seeking out more affordable programs at public colleges, which commonly offer lower tuition rates than private schools. Online programs may also offer lower tuition rates compared to on-campus programs. Some public colleges even allow online students to pay a reduced in-state tuition rate, regardless of residency. The most affordable graduate programs may cost as little as $20,000-$40,000 in total.

Calculating the Cost of a College Degree

Our college affordability calculator tool helps students budget for their MBA in supply chain management degree by calculating factors such as tuition, expected financial aid, cost of living, and secondary expenses like textbooks. Simply enter your information and the calculator will estimate what you can afford to pay monthly for college.

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How Much Do MBA in Supply Chain Management Majors Make?

Operations Manager

MBA in supply chain management graduates can pursue various careers after earning their degree, including upper-level management positions that typically yield high salaries. Supply chain students commonly find work as operations managers, earning an annual median salary of $100,410. Operations managers employed in the management of companies and enterprises earn a higher annual median salary of $162,510.

Logistics and Operations

Supply chain management can also lead to various related career paths in logistics and operations. Logisticians earn an annual median salary of $76,270, while transportation, storage, and distribution managers earn a median salary of $96,390 annually. Cost estimators earn a $66,610 annual median salary.

Supply Chain Management

Candidates who enter supply chain management careers may also progress to top executive positions and earn a median $107,680 annual salary. In most cases, executive and top-level management positions require significant professional experience and a demonstrated record of business success.

Courses in MBA in Supply Chain Management Programs

Most MBA in supply chain management programs divide their course content between general business courses and specialized supply chain management courses. Degree candidates complete general business coursework focusing on topics including finance, economics, management, and marketing. Concentration courses in supply chain management explore topics such as logistics, strategic sourcing, and operations management.

MBA candidates often complete a major culminating project, such as a capstone or thesis. Occurring later in the program, these projects synthesize student learning and apply it toward a contemporary issue or problem in business logistics.

This list highlights three courses typically found in MBA in supply chain management degrees, offering a general idea of what to expect when pursuing this concentration.

The class determines the major processes organizations use to transform resources into products and services for consumers. Coursework explores the methods and models that inform operating decisions for supply chain managers, along with the factors that affect operations, such as materials and processes, labor, and capital.

Logistics plays an important role in supply chain management, determining how to organize and operate each step of the supply chain. The course focuses on analytical and decision-making techniques in relation to logistics. Topics covered include equipment and resource management, transportation, and inventory analysis.

The supply chain often involves the movement of resources and inventory across borders and worldwide. This course highlights the global dimension of supply chain management, including the various challenges and opportunities presented by international supply chain processes. Common topics include import and export, port operations, and global logistics technology.

Certifications and Licensure for Supply Chain MBAs

Supply chain managers and logistics specialists can demonstrate their professional competency and improve their career prospects by earning various certifications. Demonstrating supply chain knowledge and skills, these certifications require varying amounts of education and professional experience. The Association for Supply Chain Management (ASCM) offers several certifications for industry professionals, with three of the most popular credentials outlined here.

Certified in Planning and Industry Management

The planning and industry management certification focuses on international production, demonstrating the ability to improve productivity and profitability through expert inventory management. Certification recipients can also work with complex enterprise resource planning systems. While this certification does not feature any educational requirements, applicants must pass two comprehensive exams.

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Certified Supply Chain Professional

Serving managers who look beyond an organization’s internal operations to the extended supply chain, this certification emphasizes large-scale supply chain design and strategy. Certification applicants must hold either a bachelor’s degree, at least three years of supply chain management work experience, or another ASCM certification.

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Certified in Logistics, Transportation, and Distribution

This certification emphasizes knowledge in logistics, including strategy and planning, risk management, transportation, order and warehouse management, and sustainability logistics. Recipients possess the skills to oversee logistics network design and forward and reverse logistics processes. Certification applicants must complete one comprehensive exam.

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Scholarships for MBA in Supply Chain Management Students

While an MBA in supply chain management generally leads applicants to high-paying career paths, students can still save on tuition expenses by pursuing various scholarships. Some awards serve applicants planning to work in certain fields, while others serve applicants of certain backgrounds. This list features three popular supply chain management scholarships.

  • Helene M. Overly Memorial Graduate Scholarship

    Who Can Apply: WTS International offers this scholarship to female graduate students pursuing degrees related to transportation (including logistics programs). Applicants must hold membership in their local WTS chapter, through which they can submit their application.

    Amount: $10,000

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  • Dr. Harold Kerzner Scholarship Fund

    Who Can Apply: The Project Management Institute offers this scholarship for undergraduate or graduate students pursuing programs in project management or a related field (such as supply chain or logistics management).

    Amount: $7,500

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  • John J. Murphy Scholarship

    Who Can Apply: The Food Shippers of America (FSA) offers this scholarship to students enrolled in supply chain management or logistics programs. Applicants’ parents must work as supply chain/logistics employees at any FSA member company.

    Amount: $7,500

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Online MBA in Supply Chain Management Programs 2021

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