Master of Business Administration [MBA] (Materials Management) Top Colleges, Syllabus, Scope and Salary

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Pranjal Singhal

Content Curator | Updated on - Sep 21, 2021

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.

Top Colleges for Master of Business Administration [MBA] (Materials Management)

MBA in Material Management: Course Highlights

Listed below are some of the major highlights of the course

Course Level Post Graduate
Duration 2 years
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

MBA in Material Management: What is it About?

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.

MBA in Material Management: Eligibility

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.

MBA in Material Management: Admission Process

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.

MBA in Material Management: Top Institutes

Listed below are some of the top institutes offering the course in the country with the corresponding locations along with fee charged

Name City Fees
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

MBA in Material Management: Syllabus and Course Description

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

MBA in Material Management: Who should opt?

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.

MBA in Material Management: Career Prospects

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.

Master of Business Administration [MBA] (Materials Management) annual salary
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

Master of Business Administration [MBA] (Materials Management) : 4 answered questions

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Ques. How is the BIMTECH retail management course?

● Top Answer By Aaditya Hari Nair on 21 Sept 21

Ans. BIMTECH is considered among the top B-Schools in India. BIMTECH was a pioneer in bringing PG-level courses in Retail as well as Insurance thus enjoying a strong brand -pull from the top recruiters from this domain. Also, the placement record of the last three years for both the courses has been quite good. In the 2021 placements, the average CTC offered at the institute was 8 LPA, while the highest CTC was 16 LPA. Retail is a specialized form of marketing. For this course, BIMTECH assists its students with quality faculties and facilities. Overall, the retail management course offered at the institute is quite good. On the official website of the institute, you will get information regarding various other factors such as previous placements, location, infrastructure, industrial exposure, faculty, activities on campus, etc.Read more
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Ques. How is BIMTECH Noida’s retail management?

● Top Answer By Monika on 05 Jul 21

Ans. BIMTECH Noida is a great match for you if you see your future aspects in the retail sector. After getting into the retail field it would be tough for one to get into core marketing. Here’s why: If you choose retail management specialization it can be tough for you to get core management jobs. On the contrary, marketing students can opt for both core and retail jobs. You need to have a good personality to become a vital part of the retail industry. Below are some qualities which can help you survive in this field for the long term. Excellent leadership skills Strong foothold in providing outstanding customer service The ability to handle stressful situations like customers dealing with cool & calmness. If you think you are lacking some of these qualities, BIMTECH can provide you with navigation towards your goals. BIMTECH is one of the leading institutes for retail management, making it a good option. They offer good placements and emphasize a lot of holistic development. Right from academics to industry exposure to extra and co-curricular activities, focus on 360-degree growth. Categories Retail Management in BIMTECH Course Fee 9.00 lakh Highest CTC 10.3 LPA Average CTC 8.1 LPA Median CTC 5.5 LPA Recruiting Companies Accenture, Aditya Birla, Infosys, L&T, etc. Overall, you must opt for the retail sector if you can handle challenges and if you want to be a part of it in the long run. With good placements and industry exposure, BIMTECH is undoubtedly a good place to study retail management.Read more
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Ques. What is the CAT cutoff for a BIMTECH retail management course?

● Top Answer By Kiran Chugh on 04 Feb 21

Ans. BIMTECH, Greater Noida one of the most desired and highly ranked B-schools in India. It is a preferred destination for MBA or PGDM for CAT 2020 aspirants. Great learning, decent placements, and relatively modest CAT cut-off used in shortlisting for flagship PGDP add to the key strengths of this coveted B-school. Admission:  BIMTECH will accept CAT, XAT to shortlist candidates for the final admission round for PGDM.  For admission to PGDM (RM) and PGDM (IBM), an aspirant is required to have a valid CAT / MAT / XAT / GMAT / CMAT score.  The Retail Management admission is admissible through the MAT / CMAT score also.  Minimum 60 percentile in CAT / XAT and minimum of 80 percentile in MAT/CMAT is required. Along with the good score, student performance is also examined. BIMTECH has its own selection criterion, which includes Written Ability Test (WAT) and Personal Interview (PI) and the student has to perform well in both.Read more
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Ques. How is the retail management course in BIMTECH, Noida? What is its placement?

● Top Answer By Shivani Tiwari on 04 Feb 21

Ans. In the current industry, the demand for retail marketing is increasing. The upcoming market leaders need to be innovative. BIMTECH prepares students for that precisely with proper guidance and industry contacts. It is considered one of the leading B-schools of India. Dissertation and practical projects are an essential part of the PGDM-Retail curriculum of BIMTECH. BIMTECH course work consists of internships, live projects, and industry visits, etc. which will surely give you an upper hand.  Practical Experience: In Retail Management, you will need practical hands-on experience and BIMTECH excels in it.  In the past, students performed hands-on projects in one of the best malls in Delhi along with a faculty.  These practices come in handy if you want to become an expert in communication skills, interpersonal skills, learn body language and read the minds of the customers. Placements: BIMTECH has a promising placement record for Retail Management.  Each student must go through a 3-month internship before the placements. Which is quite beneficial for students. The institutes Centre For Corporate Relations guide the students through the whole process of preparing the CV or preparation for the final placement interview. Madura Fashion & Lifestyle, Aditya Birla Retail, Catwalk, Bata India, Raymonds are some of the top recruiters at BIMTECH. During the summer internship, the institute had about 170 Corporates and organizations that offered three months of internships to 354 first-year students.  The table shows a brief overview of the institution. Median CTC INR 8.13 LPA Highest CTC INR 23 LPA (International), INR 18 LPA (Domesttic) Fees  INR 9 lakhs Entrance Examination CAT/XAT/GMAT Overall, BIMTECH is a great potential choice for retail management. It also has a legacy of offering quality education in the field of management for almost 3 decades. Read more
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Master of Business Administration [MBA] (Materials Management) Fee Structure in India


11 K (Minimum Fee)PUBLIC COLLEGES49.98 K  (Maximum Fee)
30.49 K (Average Fee)
66 K (Minimum Fee)Private COLLEGES2.70 L (Maximum Fee)
1.43 L (Average Fee)

Comments


1 Comments
A
Anonymous
what is the procedure to take admission in MBA -Material Management from reputed organisation -distance education mode?
A
Anonymous
Hi Purushottam, kindly mention the college/university in which you are applying for admission so that we can provide you the relevant details.

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