The MBA course aims to impart top-edge management traits into a candidate and groom a person into a leader. But many candidates struggle to find the right specialization to pursue, as there is a vast number of specializations being offered. Choosing the right specialization makes an enormous impact on the future career path of a candidate. Operations management is one of the most sought-after courses in Management institutions because of higher career prospects and the operation manager salary in India.
The task of an operations manager is to overlook their company’s production of goods and services. The operations manager oversees multiple departments like purchasing, warehousing, and manufacturing. An operation manager must ensure the quality and quantity of the customer while keeping the production cost to a minimum. Their task is the smooth and effective functioning of an organization by overseeing the budget and making sales and production goals.
An operation manager has to conduct employee performance reviews and encourage employees to work most effectively and efficiently to maximize an organization’s goal prospects. They regularly follow trends in the market related to products the company is manufacturing and follow changing government rules and regulations upon issues such as labor, safety requirements, and environmental issues.
Operations manager salary in India
An operations manager’s career is a highly lucrative one, giving the comfort of a good salary package right after the completion of an MBA course. The operations manager salary in India is above seven lakhs per annum. Base salary is at three lakhs per annum with around twenty to thirty thousand in bonuses and the same amount for profit sharing. Also, operations managers could be rewarded around thirty to fifty thousand in commission after successful deals.
MBA or PGDM: Which has more value?
MBA stands for Masters in business administration; it’s a postgraduate degree offered by a university or any college affiliated to a university. Eligibility for entering MBA colleges is usually 50 percent in graduation. Sometimes there is limited scope for innovation as a syllabus structured by a university defines a practice. The admission process involves both the national level and state level entrance examinations.
PGDM stands for a postgraduate diploma in management. It is a diploma course but in no way inferior to an MBA course. An autonomous institution generally offers PGDM courses recognized as Technical knowledge regulating authority, AICTE. Entrance exams are conducted on a national basis across thousands of centers. The PGDM course structure is designed by institutions according to the industry’s changing environment to equip candidates with the latest knowledge and skill of organizational Management. Teaching and training during the PGDM course are multi-dimensional, cases, simulation, presentation; short-term training is part of pedagogy.
Both MBA and PGDM are courses with business orientation and carry a commercial aspect, the result being it’s hard to differ Between the two. The goal of both MBA and PGDM is to train a person to become a skilled leader with both analytics and quantitative aptitude. The candidate can rise in the scalar chain of an organization. When it comes to asking the question, MBA or PGDM, which has more value, a person can ascertain only a few subtle differences.
MBA offers a degree given at the end of the course, whereas a candidate is awarded a diploma at the end of the PGDM course. Contrary to the general belief that a diploma course carries less weightage, one cannot ascertain any conclusion in management studies, whether MBA or PGDM, which has more value.
Usually, the curriculum for an MBA course is designed by the University, and it focuses on the holistic development of management skills and knowledge in a candidate. The course structure is not that frequently updated because of administrative lag. In the PGDM course, institutions offering PGDM are autonomous bodies, so they are independent in deciding the course curriculum. PGDM courses are usually updated regularly to teach the latest research and knowledge available to the candidates. MBA also opens the opportunity for further higher studies like Ph.D. and becoming a professor. At the same time, PGDM courses are oriented towards industry and are focused on imparting skills as per market requirements.