Work to create efficient business systems by completing a masters in operations management. These graduate degree programs teach you how to analyze business systems and make improvements.
Operations management master’s degree programs combine the study of business theory, mathematics, and engineering to help students learn how to create systems that may help businesses function effectively and efficiently. Master’s in operations management programs are important because at the end of the day, a business isn't much without a product or service to offer.
Operations management is an essential and yet often unseen aspect of managing a business. Responsible for ensuring the company runs efficiently and maximizes revenue, these professionals must direct many of an organization's moving parts, from production to sales to loss prevention.
Master’s in Operations Management Curriculum
This degree is typically considered to be a subset of business. As such, students pursuing a master’s degree in operations management might expect to take courses in fundamental business theory. In addition to these foundational courses, operations management master’s degree programs might also focus on helping students learn about many specific operations topics including; personnel management, production planning, transportation and logistics, and inventory control. Typically coursework in an operations management master’s program will attempt to provide students with knowledge that may help them understand every step of a company's operations, from product development to product production, to product distribution.
Despite the fact that operations management is largely grouped into various business schools, many programs may not necessitate specific prerequisites in terms of undergraduate degree programs or even graduate qualifications. Prospective applicants are encouraged to contact the academic institution of their choice to determine if any specific requirements must be met.
Operations Manager Salary Potential and Job Outlook
Operations management is an integral part of any business endeavor. As such, graduates of this field may choose to pursue potential career opportunities in the private or public sector across a variety of industries.
Those who are interested in the production aspect of operations may wish to explore a career as an industrial production manager. The U.S. Bureau of Labor Statistics reported these professionals earned a 2012 median annual salary of $89,170, with no expected job growth through 2022.1
Operations management graduates may also wish to apply their extensive business theory knowledge to improve profits at a company. This is the purview of an operations research analyst; a profession that the BLS reported earned a 2012 median annual salary of $72,100, with an expected 27 percent increase in jobs through 2022.2
Of course, in the business world might be the desire for some to pursue careers at the top executive or c-level. The BLS reported that top executives earned a 2012 median annual salary of $168,140, and jobs are expected to grow by 11 percent through 2022.3
Is Earning a Master’s Degree in Operations Management Right for You?
Globalization has brought business to new levels in recent years. With more domestic companies expanding overseas, logistics may a huge concern for growing organizations. Educated and well-trained operations managers might have skills that may be applicable in helping companies maximize profits in the changing international climate.