What are the best schools of supply chain management in 2022? Discover the top 10 Masters in Supply Chain Management Degrees in the World.
Masters in supply chain management are becoming increasingly popular. Digitization of supply chains requires new skills and knowledge to innovate and integrate the latest technologies, from robotics to automation.
The epidemic has also exposed the fragility of global supply chains, highlighting the importance of effective supply chain management in dealing with delays and disruptions. It has saved many industries, including retail, manufacturing, and technology.
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This breakthrough makes the Special Masters in Supply Chain Management an exciting prospect for those who want to climb the ladder and pursue a career in the field.
Its popularity is clear: according to the Graduate Management Admissions Council (GMAC), applications for master’s degrees in supply chain management worldwide increased by 46% in 2021.
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So, what are the best schools of supply chain management when it comes to a master’s degree?
10 Best Masters in Supply Chain Management
According to the 2022 QS Masters in the Supply Chain Management Rankings, the MIT Center for Transportation and Logistics has the world’s best program for the second year in a row.
The school’s Master of Global Supply Chain Management ranks first in key criteria, including value for money, thought leadership, and employability, indicating the percentage of students employed six months after graduation.
MIT students work directly with researchers and industry experts on complex and challenging issues. The program’s success is largely due to its emphasis on putting the theory into practice using real-life examples.
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WU Vienna University of Economics and Business has been ranked 10th to second this year. The school ranks in the top three in terms of employment and alumni results, looking at where more than 50,000 top business leaders went to business school.
WU’s Master of Supply Chain Management also ranks second for diversity, with a class of 64.1% international students.]
At the bottom of the podium is the Michigan Ross School of Business, which excels in the Value for Money and Alumni Results categories. Ross Master’s is a 10 month certified STEM program with up to 10 years of work experience for college graduates. The vast majority of students work for global companies such as Amazon, McKinsey & Co, Microsoft, and Deloitte.
Rotterdam School of Management (RSM) in the Netherlands ranks fourth with a strong performance in thought leadership and employability. Located in Europe’s busiest port and center of international trade, RSM provides insights into its world-renowned research and expertise-driven global supply chains for the first time.
The USC Marshall School of Business ranks fifth. The USC program is uniquely flexible, designed to suit your academic and career goals, and can be completed on-campus or as an online master’s degree. Trinity Business School ranks sixth.
Alliance Manchester Business School and Polytechnic de Milano School of Management are ranked seventh, while the last two slots are occupied by Purdue University and the University of Washington, while Foster School of Business is ranked ninth and tenth respectively.
For exceptional master’s rankings, American schools are among the top 10 supply chain management schools. European business schools often rank business masters, such as Masters of Marketing or Masters of Finance.
The QS Master in Supply Chain Management rankings is assessed by analyzing data from three surveys, including self-recruiting and business school surveys. Programs are categorized according to five key indicators: job eligibility, alumni outcomes, value for money, thought leadership, and class and faculty diversity.
QS carries significant weight on employability (35%), as well as the Value for Money and Thought Leadership categories, which weigh in at 20% overall.
Is the master in the supply chain worth it?
Getting a master’s degree requires a significant investment, and it is important to consider whether it matches your career goals and whether you are finally able to enroll for it. no.
Master’s tuition fees are often expensive in the United States. The cost of studying for a master’s degree in the supply chain at MIT, for example, is k 78k, while the cheapest options in USC Marshall and Michigan Ross are $ 63k and $ 59k. But in the top 10, American universities also rank well in terms of value for money, as students can start their careers in top companies after graduation.
You may decide to study in the EU or the UK, where tuition fees are lower. Studying in Rotterdam costs about k 21k (€ 18,700), and even less to go to WU Vienna costs about k 3k (€ 2900) for non-EU students.
Paying a low fee does not jeopardize your chances of getting a higher-paying position after graduation: more than 80% of graduates find jobs in the first three months at both universities.
In all rating programs, QS shows that the average time it takes to pay tuition is 3.5 years. You are likely to receive an MSc in Supply Chain Management for many years to come. It is suggested that enrollment is a valuable investment.
In order to decide which program and university suit your needs, it is important to look at the differences in curriculum, diversity in applicants and culture, visa requirements, and of course location.
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