Masters (MS / MBA) in Logistics and Supply Chain Management

Masters (MS / MBA) in Logistics and Supply Chain ManagementLogistics and Supply Chain Management are the set of activities and network organizations that make the journey between raw materials to the shipment of the final goods, a reality. The best way to understand what it does is to realize what happens when the world is devoid of them.

Take the instance of that famous movie from the 90s, since if you are looking into this article now, you have probably lived in that decade. A downright terrible supply chain management can lead to the production of all collars and no shirts. The result – an embarrassed Aamir Khan, a pissed off customer/retailer and a marketing executive who is responsible for this riot of laughter. Try watching this movie in case you have no idea where this is coming from.
 

MS/Masters or MBA in Logistics and Supply Chain Management

Top Schools, Admission Information and Industry Profile

 
Hilarious movie scenarios aside, logistics and supply chain management (SCM) deal with suppliers, purchasing, inventory, resource, manufacture, warehousing, transportation, and finally information management between each stage of production. Information from the customers, which could also be the next stage in production, keeps feeding back into the loop to optimize the process for cost and quality.

So, graduates in the field of Logistics & SCM are responsible for, as per the Bureau of Labor Statistics in USA, BLS.gov Logisticians Occupational Handbook,

-Management of the product’s life cycle

-Allocation of resources

-Client supplier business management

-Design strategies to minimize waste, cost, and time in production

-Identify room for logistical improvements

-Deal with customer requirements and management improvements to meet customer needs.
 
For more information, click away on these articles for details.

Introduction to Logistics and Supply Chain Management

Find out if you have what it takes to be in SCM by playing this Online SCM Game.
 
Here, in this article, we have put together all the relevant information for you to decide on your Logistics & Supply Chain Management Masters (MS) or MBA degree. Besides industry profiles and salaries, we have here the top schools, and their admission requirements. While most offer MBA degrees, some do have an MS curriculum in SCM. Some individual schools even float time and wallet friendly Certificate programs.
 
For completeness sake, here is a list of links to help ease your curiosity of the top MBA and MS specializations.

List of MBA specializations

Top MS/Masters specializations
 
Logisticians find themselves relevant in not just the manufacturing and corporate industry, but also in government jobs, defense and the scientific industry. It is an extremely sought after field with a growing need in India as well, reflected from the development of SCM courses in the IIMs and XLRI institutes.

According to BLS, the ten year growth projection of SCM jobs is about 2%, by 2024, taking the number of jobs to over 133k. The average salary is around $77,000 with the higher wages around $115,000.

The industries that are popularly known to hire Logisticians, according to BLS data in 2015, are listed in the table below.

 

Industry Average Salary
Federal Executive Branch $84,180
Management of Companies and Enterprises $77,520
Management, Scientific, and Technical Consulting Services $72,520
Aerospace Product and Parts Manufacturing $84,340
Computer Systems Design and Related Services $85,110
Oil and Gas Extraction $109,610
Highway, Street and Bridge Construction $101,140
Business, Professional, Labor, Political, and Similar Organizations $93,030
Freight Transportation Arrangement $66,210
Petroleum and Petroleum Products Merchant Wholesalers $93,370

 
The possible industries, not listed here, are retail, online shopping and pretty much all manufacturing industries. And with increasing numbers and competition, it will become essential to hire professionals who can design efficient production strategies, without compromising the quality of the end product.

 

USA has some of the premier schools offering an MBA or MS program in Logistics and SCM. Here is a list of the top ten business schools, as per US News Rankings & Reviews, their admission requirements and approximate tuition costs.

 

University Program Type GMAT or GRE?/

Average GMAT or GRE Score

TOEFL App.

Fee

Tuition
 

MIT Sloan

 

MBA Available

 

Masters Available MIT SCM

(Read How useful is the MIT SCM/MLOG)

Either/

No minimum

GMAT : 716*

GRE : 324 -330

(Magoosh)

 

iBT: 100

IELTS: 7

$75 $67, 938

(Tuition & Scholarship)

 

Michigan State University (Broad)

 

 

MSSCM

Minimum of 2 years work experience in relevant field required

 

Either/

No minimum

GMAT: 670 (Broad)

 

iBT: 100

CBT: 250

IELTS: 7

$85 $51,600

(MSSCM Tuition)

Pennsylvania State University – University Park (Smeal) Masters

Minimum of 2 years work experience in relevant field required

Either (GMAT Recommended)/

GMAT: 636*

GRE

Q: 155

V: 158

IBT: 80

Speaking : 19

PBT: 550

IELTS: 6.5

 

$65 $1,055 per credit

(Tuition)

 

Total ~ $40,000

(US News Rankings and Reviews)

Arizona State University (Carey) MS in Global Logistics Either/

GMAT: 682

GRE: 311

iBT:80

PBT: 550

$90 $50,700

(Tuition)

University of Michigan – Ann Arbor (Ross) MSCM Either/

No minimum

GMAT: 650-740

GRE: Q 155

iBT: 100

PTE: 70

$75 $55,000

(Tuition)

Stanford University (GSB) MBA

MSx Program needs 8 years experience

Either/

No minimum

GMAT: 733*

GRE: 328 – 332

(Magoosh)

iBT: 100

PBT: 600

IELTS: 7

PTE: 68

$275 $66,540

(Tuition)

Ohio State University (Fisher) MBLE

Masters of Business Logistics Engineering

Either/

No minimum

80 percentile or above

iBT: 100

PBT: 600

IELTS: 7.5

$70 $45,722

(Tuition)

University of Tennessee – Knoxville (Haslam) MBA Either/

No minimum specified

iBT: 100

PBT: 600

IELTS: 7.5

$60 $70,486

(Tuition)

Carnegie Mellon University (Tepper) MBA

(Admission Info)

Either/

No minimum

GMAT: 690*

GRE: **

Q 156

V 161

 

iBT: 100

PBT: 600

CBT: 250

 

$200 $61,440
University of Pennsylvania (Wharton) MBA Either/

No minimum

GMAT: 720

GRE: 326 – 330

(Magoosh)

iBT: 110

PBT: 633

$265 $125,900 including rent

(Tuition)

And may we please say OMG!

*Average GMAT from MBA Crystal Ball, ** Average GRE from MBA Crystal Ball

In conclusion, we hope that this article gave you all the necessary information to bring together your abstract ideas and place them in neatly packed brain cells for your next step, namely management and allocation of your resources for a successful degree. The logistician in you should have recognized what we did there!

Good Luck!


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3 Comments

  1. Siddharth Somani says:

    Hi Sameer,
    I would also include Purdue’s Krannert School of Business for its SCML program.

    Thanks,
    SiD

  2. Karthik says:

    Can you enlighten me about RoI after MSc Global supply chain & Logistics from HEC Montreal, CANADA?

  3. Parthiban says:

    Hi,
    Could you please enlighten about the premier institues in CANADA offering specialising in SCM and logistics. Thanks !

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