Interesting salary & job placement data for USC MS grads. MIT MS SCM grads can be found at: https://lnkd.in/gYimnUkP.
Hottest MBA Degree Now? Supply Chain Mgmt. That darn MBA degree still has a great ROI!…“Over their lifetime, an MBA grad can expect to earn $3M more than someone with only a bachelor’s.” Note, if you read this article about an MBA SCM degree, it sounds a lot like our undergrad BBA SCM degree.
https://lnkd.in/gkN-ecch (great read, lots of data & links)
What You Can Do With an MBA in SCM?
When is the right time for grad school? The avg age is 33. I find the age stat to not be too meaningful. For anyone <33, you will likely be the first centurion generation. That means you will live to 100 & have a 60+ year work career. Just remember, the older you get, the lesser the chances of starting &/or finishing.
At about 98% of universities that offer MBAs, grads typically made more money 2 years out of school than they had borrowed. That stands in contrast to law schools, where roughly 6% of programs had grads w. higher median earnings than debt in the same time frame. https://lnkd.in/gMd2vC2T
Hottest MBA Degree Now?
Forget Finance. SCM Is the Pandemic Era’s Must-Have MBA Degree.
Note, the MBA route requires careful thought.
Most of our students start their careers in a job rotation for 1-3 years (https://lnkd.in/e3EYjtsE). If I was 25 & just came off of a job rotation, I would start thinking about a grad degree (part time & let my employer cover it).
Of course, do what is rewarded in the culture of your org. Look at your boss’s resume & your boss’ boss’ resume (https://lnkd.in/eQvfFMc). In general, I would not do a general MBA or even an MBA w/ a SCM concentration (especially if I had an undergrad in SCM). I like certs associated w/ ISM, APICS/ASCM, CSCMP, etc., but I suspect that I would not actually learn much from the process of getting certified (assuming I had an undergrad in SCM). These certs however would externally validate you as a subject matter expert & that is worth a lot in industry (especially if you are trying to get your foot in the door for a SCM job & do not have a SCM background). Many of my SCM students go on to get these certs & they often say they have no regrets, but they also say they did not learn a ton.
I would consider a degree in something that is quicker than the traditional 12 classes (i.e., a mini MBA or MS). I would also get it in something I am weak in & is likely to be important. So as of 2022, what would I do? I would do something like a mini MBA/MS (9 classes, not 12) at a high profile SCM school (i.e., Big 10) in “Digital” SCM.
Great read by Mr. Daniel Stanton: