Top 10 MBA Colleges for Operation Management in India

Operations Management in India is a crucial field of study that focuses on optimizing the efficiency and effectiveness of business processes. This discipline is dedicated to managing the production and delivery of products and services, ensuring that organizations can operate smoothly and achieve their strategic objectives. Here’s an overview of Operations Management as a field of study in India:

Operations, as the term implies, involves overseeing a business’s internal activities to ensure it operates as efficiently as possible. Before we explore the top MBA colleges for Operations in India, let’s understand the role of Operations within an organization. The main aim of operations management is to streamline production processes and make the best use of available resources. Its ultimate goal is to help achieve the business’s objectives. Operations management covers a wide range of tasks, including careful planning, systematic organization, and thorough supervision of the entire production cycle, from the initial inputs to the final output. By effectively controlling these key areas, operations management significantly boosts operational efficiency and supports the success of the organization.

List of 10 Best Colleges for Operation Management in India

1. XLRI, Jamshedpur

Establishment

XLRI – Xavier School of Management, located in Jamshedpur, Jharkhand, India, was established in 1949. It is one of the oldest and most prestigious business schools in India, known for its commitment to academic excellence and values-driven education.

Expertise in Operations Management

XLRI Jamshedpur is renowned for its expertise in Operations Management. The institution offers a comprehensive curriculum that blends theoretical knowledge with practical applications. XLRI boasts a distinguished faculty with extensive experience in both academia and industry. They bring a wealth of knowledge and practical insights into the classroom, enriching the learning experience.

• Fees: 25.8 lakh
• Average Package: 29.89 LPA
• Highest Package: 75 LPA
• Batch Size: 420

Other Courses Offered

XLRI offers a variety of programs catering to different aspects of management education. Here are the primary courses along with their approximate fees:

1. Post Graduate Diploma in Business Management (PGDBM)
2. Post Graduate Diploma in Human Resource Management (PGDHRM)
3. Post Graduate Diploma in General Management (PGDM-GM)
4. Fellow Program in Management (FPM)
5. Executive Fellow Program in Management (Exec-FPM)
6. Part-Time Weekend Programs
7. Postgraduate Certificate Programs
8. Corporate Programs and Management Development Programs (MDPs)

2. IIM Bangalore

Establishment Date:
IIM Bangalore was established in 1973. It is one of the premier business schools in India and is renowned for its excellence in management education, research, and industry interaction.

Expertise in Operations Management

Operations Management Course: IIM Bangalore offers a robust specialization in Operations Management as part of its flagship programs. The focus is on equipping students with the skills to design, operate, and improve systems for the production and delivery of the firm’s primary products and services. Key components of the Operations Management curriculum include:

1. Supply Chain Management
2. Operations Strategy
3. Service Operations
4. Manufacturing Management
5. Logistics and Distribution Management
6. Quality Management

• Fees: 24.5 lakh
• Average Package: 35.31 LPA
• Highest Package: 80 LPA
• Batch Size: 512 Students

Other Courses Offered at IIM Bangalore

1. Post Graduate Programme in Management (PGP)

2. Executive Post Graduate Programme in Management (EPGP)

3. Post Graduate Programme in Enterprise Management (PGPEM)

4. Fellow Programme in Management (FPM)

5. Post Graduate Programme in Business Analytics (PGP-BA)

3. IIM, Calcutta

Establishment: Indian Institute of Management Calcutta (IIM Calcutta), established in 1961, was the first Indian Institute of Management to be set up in India. It was established in collaboration with MIT Sloan School of Management, the Government of West Bengal, the Ford Foundation, and Indian industry. Over the years, IIM Calcutta has emerged as one of the premier business schools in Asia.

Expertise in Operations Management

Operations Management at IIM Calcutta: IIM Calcutta is renowned for its expertise in Operations Management, which is a core part of its curriculum. The institute offers comprehensive courses in this field, blending theoretical foundations with practical applications. Here are some key aspects of the Operations Management program at IIM Calcutta:

• Fees: 31 lakh
• Average Package: 35.07 LPA
• Highest Package: 1.2 CPA
• Batch Size: 462 Students

Other Courses Offered at IIM Calcutta

1. Post Graduate Diploma in Management (PGDM)
2. Post Graduate Program for Executives (PGPEX)
3. Post Graduate Diploma in Business Analytics (PGDBA)
4. Post Graduate Program for Executives for Visionary Leadership in Manufacturing (PGPEX-VLM)
5. Doctoral Program (Ph.D.)
6. Management Development Programs (MDPs)

4. IIM Mumbai

With support from the International Labour Organisation (ILO) and the United Nations Development Programme (UNDP), the Government of India founded IIM Mumbai, formerly known as NITIE, in 1963. IIM Mumbai is frequently listed as one of India’s best B-schools. In the National Institutional Ranking Framework (NIRF) rankings for 2022, IIM Mumbai is placed ninth out of all management institutes in India. The goal of IIM Mumbai is to produce highly qualified professionals in a range of functional domains, including project management, analytics, finance, marketing, operations management, human resources, and sustainability management.

IIM Mumbai is particularly renowned for its expertise in Operation Management courses. The institute offers a comprehensive curriculum in Operations Management, covering topics such as supply chain management, logistics, quality management, and process optimization. With a focus on both theoretical concepts and practical applications, the Operations Management program at IIM Mumbai equips students with the skills and knowledge needed to excel in various industries.

• Fees: 21 lakh
• Average Package: 27.75 LPA
• Highest Package: 78.20 LPA
• Batch Size: 407 Students

Other Courses Offered

1. Executive MBA Programs
2. Post Graduate Program in Management (PGP)
3. Post Graduate Program for Executives for Visionary Leadership in Manufacturing (PGPEX-VLM)

5. S.P Jain Institute of Management and Research (SPJIMR), Mumbai

SPJIMR, or the S.P. Jain Institute of Management and Research, is one of India’s premier business schools located in Mumbai. Established in 1981 by the Bharatiya Vidya Bhavan, it has quickly risen to prominence for its innovative programs and cutting-edge research in management education.

Establishment Date: SPJIMR was founded in 1981, with the vision to impart management education that goes beyond the traditional classroom setting and incorporates real-world experiences.

Expertise in Operations Management: SPJIMR is renowned for its expertise in various management domains, including Operations Management. The institute offers a comprehensive Operations Management course as part of its Post Graduate Diploma in Management (PGDM) program. This course equips students with the necessary skills and knowledge to effectively manage the production process, supply chain, and logistics in various industries. Through a combination of theoretical learning and practical application, students gain insights into optimizing processes, enhancing productivity, and ensuring quality in operations.

• Fees: 24 lakh
• Average Package: 33 LPA
• Highest Package: 81 LPA
• Batch Size: 300 Students

Other Courses Offered

1. Post Graduate Program in Management (PGP)
2. Executive MBA Programs

6. JBIMS, Mumbai

Jamnalal Bajaj Institute of Management Studies (JBIMS), located in Mumbai, is one of the premier management institutes in India. Established in 1965, JBIMS has a rich history of providing quality management education and producing skilled professionals who contribute significantly to the corporate world.

Expertise in Operations Management:

JBIMS is renowned for its expertise in various management domains, including Operations Management. The institute offers a comprehensive curriculum in Operations Management, covering topics such as supply chain management, logistics, quality management, operations strategy, and more. The faculty at JBIMS comprises experienced professionals and industry experts who impart practical knowledge and skills essential for excelling in the field of operations management. Additionally, JBIMS encourages hands-on learning through industry interactions, case studies, and projects, enabling students to gain real-world insights and experience.

• Fees: 6 lakh
• Average Package: 28.02LPA
• Highest Package: 35.75 LPA
• Batch Size: 150 Students

Other Courses Offered

JBIMS offers a range of management programs designed to cater to the diverse needs and aspirations of students. Apart from its flagship Masters in Management Studies (MMS) program, JBIMS also offers various other courses. Some of the key programs offered by JBIMS include:

1. Masters in Management Studies (MMS):
2. Post Graduate Diploma in Management (PGDM)
3. Executive Management Program (EMP)

7. Indian Institute of Management (IIM), Lucknow

The Indian Institute of Management Lucknow (IIM Lucknow) is one of the premier management institutes in India. Established in 1984, it was the fourth IIM to be set up by the Government of India. Since its inception, IIM Lucknow has been dedicated to providing quality education in management and fostering leadership skills among its students. The institute has consistently been ranked among the top business schools in the country and is renowned for its academic rigor and industry relevance.

One of the areas of expertise at IIM Lucknow is its Operation Management course. This specialization equips students with the knowledge and skills required to manage and optimize business operations effectively. The curriculum covers a wide range of topics including supply chain management, logistics, quality management, process optimization, and project management. Through a mix of theoretical concepts, case studies, and practical applications, students gain a comprehensive understanding of the complexities involved in managing operations in various industries

• Fees: 14 lakh
• Average Package: 28.88 LPA
• Highest Package: 54 LPA
• Batch Size: 120 Students

Other Courses Offered

1. Masters in Management Studies (MMS)
2. Post Graduate Diploma in Management (PGDM)
3. Executive Management Program (EMP)

8. NMIMS, Mumbai

NMIMS Mumbai, short for Narsee Monjee Institute of Management Studies, is one of India’s premier business schools, renowned for its academic excellence and innovative approach to education. Established in 1981, NMIMS Mumbai has since carved a niche for itself in the field of management education, offering a wide array of programs across various disciplines.

The institution boasts expertise in a range of fields, particularly in its Operation Management course. NMIMS Mumbai’s Operation Management program is designed to equip students with the knowledge and skills necessary to optimize processes and systems within organizations. Through a combination of theoretical learning and practical application, students learn about topics such as supply chain management, quality control, project management, and process optimization. The curriculum is regularly updated to align with industry trends and demands, ensuring that graduates are well-prepared to tackle real-world challenges in the field of operations.

• Fees: 24 lakh
• Average Package: 26.63 LPA
• Highest Package: 67.80 LPA
• Batch Size: 600 Students

Other Courses Offered

1. MBA (Master of Business Administration)
2. Executive MBA
3. PGDM (Post Graduate Diploma in Management)
4. Certificate Programs

9. Indian School of Business (ISB), Hyderabad

The Indian School of Business (ISB) is a premier business school located in Hyderabad, India. Established in 2001, ISB has quickly risen to prominence, offering top-notch management education and executive development programs. It was founded by a group of business leaders and academicians with the vision of creating a world-class business school in India.

ISB is renowned for its expertise in various management disciplines, including Operations Management. The Operations Management course at ISB is designed to equip students with the necessary skills and knowledge to optimize processes, manage supply chains efficiently, and enhance overall operational performance. The curriculum is updated regularly to align with industry trends and demands, ensuring that students receive relevant and practical education.

• Fees: 41.78 lakh
• Average Package: 33.26 LPA
• Highest Package: 66 LPA
• Batch Size: 900

In addition to Operations Management, ISB offers a wide range of other courses catering to different areas of business management. These include Finance, Marketing, Strategy, Entrepreneurship, and Information Technology Management, among others. The school also provides specialized programs such as Healthcare Management, Public Policy, and Infrastructure Management, reflecting its commitment to addressing diverse industry needs.

As for the fees, ISB follows a tiered fee structure based on the program and type of admission. The flagship program at ISB is the Post Graduate Programme in Management (PGP), which is a full-time residential program. The fees for the PGP program typically range from INR 25 lakhs to INR 40 lakhs, depending on various factors such as accommodation preferences, international exchange programs, and living expenses.

Apart from the PGP program, ISB offers several other programs, including the Post Graduate Programme in Management for Senior Executives (PGPMAX), the Executive Education program, and various certificate courses. The fees for these programs vary based on their duration, curriculum, and mode of delivery.

10. DMS, IIT Delhi

The Department of Management Studies (DMS) at the Indian Institute of Technology Delhi (IIT Delhi) was established in 1993. Since its inception, DMS IIT Delhi has carved a niche for itself in the field of management education, blending technological expertise with management principles to produce leaders capable of addressing the challenges of a dynamic business environment.

• Fees: 11.20 lakh
• Average Package: 25.82 LPA
• Highest Package: 41.30 LPA
• Batch Size: 115 Students

Other Courses Offered

1. Executive MBA (EMBA)
2. Doctoral Program (Ph.D.)
3. Executive Development Programs (EDPs)

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