Year | 1 | 2 |
---|---|---|
Total Year Wise fees | ₹18,000 | ₹18,000 |
Total Fees | ₹18000 | ₹18000 |
Tuition fees | ₹18000 | ₹18000 |
MBA in Production Management is a 2- year management course, divided into 2 or more semesters, depending upon the college/ institute offering it. The objective of the program is to minimize the production cost and to maximize the profit, output and quality of the goods and services produced.
The average fee charged in India for this course ranges between INR 4 and 15 Lacs, depending again upon the institute offering it. Aspiring candidates need to be graduates in any discipline from a recognized university with a minimum aggregate score of 50% in classes X and XII.
The initial salary offered to successful postgraduates of the course ranges between INR 5 to 10 Lacs, depending upon the candidate’s expertise in the field and the reputation of the institute. Lucrative job opportunities are offered to such postgraduates in capacities such as Store Manager, Production Manager, Manufacturing / Production Executive, Material Manager, among others.
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MBA in Production Management is offered at only a few institutes in India, and the / selection is based on the candidate’s performance in the relevant entrance examination. Candidates may opt for any of a full-time and part-time MBA, according to personal choice
Tabulated below are some of the major highlights of the course.
Course Level | Post-graduate |
Duration | 2 Years |
Examination Type | Semester System |
Eligibility | Undergraduate degree from a recognized Institute |
Admission Process | Counselling after Entrance test |
Major Entrance Test | CAT/XAT/MAT |
Course Fee | INR 2 to 15 Lacs |
Average Starting Salary | INR 5 to 10 Lacs |
Eligibility for MBA in Production Management
Candidates wishing to pursue MBA in Production Management should have completed graduation with a minimum aggregate score of 50% from a recognized university, besides a minimum aggregate score of 50% in classes X and XII as well.
Since many institutes/ colleges prefer students with corporate experience before preparing them for the, managerial level, it is advised that interested candidates gain a work experience of 24 months at least.
MBA in Production Management: Admission Process
The minimum admission criteria for MBA in Production Management is qualification in a relevant entrance examination such as CAT/XAT/MAT or similar examinations. However, some institutes/ colleges offering the course conduct their own entrance tests and run their own selection processes.
Selection is based on the candidate’s performance in such entrance exams as well as the qualifying exam. This is followed by a round of counselling for the final admissions.
MBA in Production is principally concerned with the organization of raw material, machinery and labor to produce the intended goods or services along with managing standards in the quality and quantity of the products and services produced. Candidates are taught to be responsible for production schedule and staffing, procurement and maintenance of equipment, quality control and coordination of production activities among the different departments.
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Candidates are professionally trained in general business management areas, as well as in firm understanding of methods and practices in modern productions and operations management.
Some of the objectives of the course are to:
Despite its popularity and industry- based training curriculum, MBA in Production Management is not offered at most management institutes and universities. However, according to a recent survey, there is a growing demand in the industry for professionals skilled with operations and production.
Compiled here is a list of the top institutes in India offering the course along with their respective locations and fees charged by each.
COLLEGE NAME | CITY | AVERAGE ANNUAL FEE IN INR |
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Allana Institute of Management Science (AIMS) | Pune | 92,200 |
International Council for Management Studies | Chennai | 3,500 |
Indian Management Training and Research Institute | Jalandhar | - |
Modern Institute of Management | Delhi | 70,000 |
Indian Institute of Management Training | Pune | 6,50,000 |
Small Industries Services Institute | Delhi | - |
Indian Institutes of Product Management | Orissa | 2, 00, 000 |
MBA in Production Management: Who Should Opt?
MBA in Production Management is essentially about the production of goods and services, with the course including the major activities involved in creating and delivering a product or service, from selecting suppliers and raw materials to supply chain management and distribution.
Interested candidates would be ideally skilled in motivating, developing and directing people, with good time- management skills with respect to both oneself and others. Also, they would be skilled in decision- making and qualities of judgement such as considering relative costs and calculating benefits of potential actions so that the most appropriate ones are chosen. The course is ideally suited for those with skills in managing financial resources, such as the amount of money that should be spent on a task, and the accounting involved in such expenditures.
With a rapid growth in the manufacturing and services sector of the country, numerous job opportunities have opened up for successful postgraduates of the course in a variety of manufacturing industries such as automobiles, engineering goods, heavy machinery, iron-steel and other metal industries, chemical and fertilizer, telecom, IT and energy sectors, services industries etc. They are also hired in IT- enabled services companies as Production Managers.
Listed here are some of the popular job positions offered to successful postgraduates of the discipline with the corresponding job descriptions and salaries offered.
JOB PROFILE | JOB DESCRIPTION | AVERAGE ANNUAL SALARY IN INR |
Production Manager, Manufacturing | To plan and organize production schedules and estimate, negotiate and approve budgets and timescales with clients and managers. | 7,80,000 |
Senior Technical Manager | To manage multiple technical teams within the given budget and project schedule. | 12,00,000 |
Floor Shop Manager | To be involved on the ground or in the store front, meeting customers and working with fellow employees, study Retail Management, Marketing, Business Administration or Sales Management. | 2,46,000 |
Purchase Manager | To seek reliable vendors or suppliers to provide quality goods at reasonable prices and negotiate prices and contracts, review technical specifications for raw materials, components, equipment or buildings. | 7,14,557 |
Business Process Manager | To evaluate, design, execute, measure, monitor and control business processes. | 7,31,5365 |
Logistics Manager | To organize the storage and distribution of goods. | 3,56,574 |
Inventory Manager | To lead a team of inventory or warehouse workers to receive and record new stock as it comes in and move stock onto trucks or shelves as needed. | 5,17,453 |
The course consists of 4 semesters spread over 2 years, and a semester- wise breakup of the course’s syllabus is given here:
First Year (SEMESTER 1 and SEMESTER 2) |
Management of Organizations |
Quantitative Techniques and Methods |
Managerial Economics |
Corporate Environment |
Business Skills Development |
Corporate Legal Environment |
Accounting for Managers |
Second Year (SEMESTER 3 AND SEMESTER 4) |
Management of International Business |
Business Policy and Strategic Management |
Summer Training Project |
Seminar |
Specialization Group A (two papers from each specialization will be offered) |
Specialization Group B (two papers from each specialization will be offered) |
Specialization Group C (two papers from each specialization will be offered) |
Specialization Group D (two papers from each specialization will be offered) |
Specialization Group E (two papers from each specialization will be offered) |
NOTE: In Semester Fourth only two electives each to be selected from only two specialization groups A, B, C, D and E.
SEMESTER 3 (ELECTIVES) |
Group A: Human Resource Management |
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Group B: Marketing |
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Group C: Finance |
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Group D: Information Technology |
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Group E: Operation Management/ Production Management |
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SEMESTER 4 (ELECTIVES) |
Group A: Human Resource |
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Group B: Marketing |
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Group C: Finance |
Management Control System |
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Group D: Information Technology |
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Group E: Operation Management/ Production Management |
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Aspirants seeking admission to 2 Years Correspondence MBA Program must have completed Graduation in any Discipline with 50% marks (45% marks for the SC / ST Candidates) OR 3 Years Managerial / Supervisory or working Experience after completing Graduation in any Discipline.
Candidate must have to qualify entrance test.
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