Operations

Different colleges have different GMAT scores required for MBA. Some of the top colleges abroad require a score of 700+ for acceptance into their MBA programs, whereas others may require a score of 600-750+ for admission. Please specify which colleges you would be targeting, so that I can populate relevant details. There may be numerous factors that influence your decision regarding the area you wish to specialize in. Depending upon your priority, you may choose a field as per the market demand (job availability), your interest area, preferred job profiles and the compensation package. MBA in Finance:
This area seems to be a popular choice and as per Top MBA, it accounts for around 22% of the post-MBA career choice. The irresistible pay packets offered in some of the finance-related jobs may be the responsible for the high influx of MBA grads into the finance stream. The specialisation helps you get thorough insights into how the financial world functions, the various financial theories and how these can be applied to solve the various business problems. Your career choice could be in any of these areas: investment banking, asset management firms, hedge funds or private equity, portfolio management, credit risk management, hedge fund management or derivatives. Even the non-financial firms or companies would have their in-house finance department which would provide various job opportunities in finance. MBA in Operations management:
The knowledge of operations management would empower you with the expertise required to efficiently manage the entire system related to manufacturing or services in a manner that the organisation has a competitive edge over others. The newer perspectives and the analytical skills brought in by the MBA grads can help address the various issues faced towards managing the entire process which includes product design, manufacture, supply chain management, quality control, co-ordination between various teams including various decisions like outsourcing. Regards.

Top Operations Management Colleges in Mumbai:
1) Suresh Gyan Vihar University Distance Education, Mumbai
2) Thakur Institute of Management Studies and Research, Mumbai
3) Narsee Monjee Institute of Management Studies, Mumbai
4) Welingkar Institute of Management Studies, Mumbai
5) Amity Global Business School, MUMBAI
6) MET Institute of Management
7) Kohinoor Business School, Mumbai
8) IES Management College & Research Centre, Mumbai
A few of the top business schools which offer MBA in operations management are:
Harvard business School. Stanford University. Columbia Business school. University of California. Chicago Graduate School of Business. New York University. Kelley School of Business. Regards.

One distinct difference between supply chain management and operations management is that supply chain management is focused externally. Its focus is on:
Planning products that consumers will want to buy
Sourcing raw materials, components or parts
Transporting and warehousing products
Delivering the goods to the point of purchase
Whereas, focus of management in operations is on the following:
Forecasting sales
Improving productivity
Increasing responsiveness
Meeting customers demands
Maintaining quality standards
Contributing to the bottom line
To summarize, The major difference between supply chain management and operations management is that supply chain is mainly concerned with what happens outside the company obtaining materials and delivering products while operations management is concerned with what happens inside the company. Your first steps to either of these exciting careers is determining your career goals, and then planning your educational path, so you will be better prepared to reach them. Regards.