Online Supply Chain Management Master’s Degree
Globalization and a turbulent market have made it much more complicated for organizations to efficiently coordinate the production of goods and services. More than ever, companies are concerned about keeping production costs low and the return on investment high. Supply chain managers make sure this happens. They manage the flow of products, information and funds between companies, suppliers and their customers.
In recent years, a lack of qualified applicants has led to an abundance of unfilled supply chain management positions. The Georgia Center of Innovation for Logistics reported that more than 250,000 U.S. supply chain jobs will go unfilled each year through 2018.
With plenty of jobs and a high entry-level salary, it’s no wonder that The Wall Street Journal called supply chain management, “The Hot New M.B.A.”
|Supply chain project management|
|Quality engineering and management|
|Supply chain analysis|
|Supply chain transformation and innovation|
|Facility design and operations management|
|External supply chain transportation risks|
Purchasing, operations, logistics, customer relations, integration and management topics make up the core course work in a supply chain management master’s program. Example courses include supply chain design and strategy, finance and performance management and transportation and distribution.
Supply chain managers are problem solvers. They figure out how to most effectively operate an assembly line and successfully negotiate with a supplier for the best deal. They need to be able to handle potential disruptions with supplies and plan for financial disasters. Students in the program won’t just learn technical skills, but also how to analyze, control and optimize a modern day supply chain.
Most online master’s degree programs in supply chain management require applicants to have a bachelor’s degree in science, technology, engineering or math with at least three to five years of work experience in a relevant field. Some programs, however, will consider applicants with a bachelor’s in a different field, provided they have applicable experience.
|Supply chain analyst||$58,000|
|Supply chain manager||$84,000|
|Director of supply chain management||$127,000|
The job outlook for supply chain management is very strong. Entry to midlevel positions such as logisticians are expected to see a faster than average employment growth rate of 26 percent, according to the Bureau of Labor Statistics.
An online master’s degree in supply chain management can help those in entry to midlevel positions advance to management roles. Median salaries for supply chain managers are about $84,000, while the median salary for directors of supply chain management is around $127,000 annually, according to PayScale, an online salary database.
Graduates of a supply chain management master’s program can become involved with professional organizations such as the Council of Supply Chain Management Professionals and the Institute for Supply Management, which both offer career and continuing education services led by industry insiders.