|Earning a supply chain management courses online has many advantages, and the career possibilities are as varied as the career options themselves. Some people thrive in transport or distribution, which pay less, while others excel in director or VP roles as the chief supply chain officer. Which career path you choose depends on your interests and aspirations. However, don’t be fooled by the title of your graduate degree – this doesn’t necessarily translate to a higher salary.|
Earning potential of supply chain management graduates
Graduates of a Master of Business Administration (MBA) in supply chain management can look forward to increased salary opportunities in this field. According to PayScale, a graduate with an MBA in supply chain management earns $22,000 more than someone with a bachelor’s degree alone. While this may not seem like a significant amount, it is still worth noting. For example, a logistics manager with a bachelor’s degree earns approximately $54,000 per year. By comparison, a logistics manager with a master’s degree earns an average of $82,000 per year.
Obtaining an MS in supply chain management is a natural fit, as these professionals use data visualization techniques to analyze and coordinate their supply chains. They combine strategic thinking with logistics, production, and distribution skills. Those with a degree in supply chain management are expected to be in high-demand positions, with employment growth predicted at 19.2% over the next few years. Additionally, the field of supply chain management is becoming increasingly global, and many shippers are reporting that they are experiencing a shortage of qualified employees.
Accreditation of supply chain management degree programs
There are two types of accreditation for supply chain management degree programs. Institutional accreditation applies to the entire school. The process is often based on a single standardized test, known as the ACCUPLACER. This test covers math, reading, and writing, and it also includes an optional essay called the WritePlacer. The GPA is often one of the most important criteria used by college application committees. An acceptable minimum GPA varies from school to school, but a minimum of 2.0-2.5 is generally required for admission.
A supply chain management degree program may offer a variety of different formats. Some supply chain management degree programs can be fully online. Others may offer accelerated weekend programs to accommodate working professionals. Students can expect to learn about supply chain management basics, as well as skills and techniques for customer service, inventory management, and marketing. Additionally, students will learn about entrepreneurship, import/export, and regulation compliance. A comprehensive program cost is also part of the accreditation process.
Cost of degree programs
The tuition for an online Master’s in Supply Chain Management program will depend on several factors. State residency is a factor, as many schools charge more for out-of-state students than in-state students. Additionally, technology fees may be a factor, as these are typically applied to online students. The cost per credit can range anywhere from $400 to $1,500. You can expect to spend anywhere from $12,000 to $50,000 for tuition, depending on where you live.
An online master’s program in supply chain management typically requires about three years of full-time study. This can be a significant investment, but the payoff is worth it. Most programs will cost under $22k. In addition, online master’s programs are often more flexible than on-campus programs, so you can choose your program according to your schedule and preferences. However, be aware of the tuition and cost before enrolling.
Career paths of supply chain management graduates
Among the fast-growing fields, supply chain management is a promising choice. According to Bloomberg, employment opportunities in this field are projected to grow 30 percent by 2030, much faster than the average for all occupations. The versatility of these graduates makes them an excellent choice for a variety of jobs, across many industries. Those seeking a career in supply chain management should also consider pursuing online learning. After graduating from a master’s program, graduates will have the skills to work across various industries and sectors.
Graduates with a master’s degree in supply chain management have many options. Graduates can choose to pursue a doctorate degree. Obtaining this degree can open up opportunities in management consulting, chief operating officer positions, or education. Students should look for a program that is accredited by the Accreditation Council for Business Schools and Programs (ACBSP), which ensures that its curriculum meets a specific set of standards.
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