Supply Chain Management Employment Forecasted to Grow 26% by 2020
The Bureau of Labor Statistics forecasts that employment of supply chain management professionals is expected to grow 26 percent from 2010 to 2020, faster than the average for all occupations.
This growth will be driven by the important role of logistics in an increasingly global and digitally connected economy. And it is driving growth in graduate programs for supply chain management and making supply chain the “hot” new MBA.
According to a recent article in US News and World Report, aspiring MBA candidates who plan to work in this industry should be aware of three aspects of working in the supply chain field.
1) As the world becomes more interconnected, graduates must be prepared to do business with an international frame of reference. They should be prepared to consider how supply chains function as product moves from one country to the next as they manage global networks of suppliers and a global network of customers.
2) Supply chain professionals work long hours. Some plants run 24/7 and are located across the globe. Expect non-traditional hours and to be digitally connected to your supply chain at all hours.
3) Supply chain professionals enjoy generous pay and are well compensated for their long hours. The starting salary for full time MBAs with a specialization in Supply Chain Management averages around $96,000 and can go higher.
Click here for US News and World Report’s complete rankings of supply chain and logistics business schools.
Click here for the list of MHI’s College-Industry Council on Material Handling Education’s list of member schools.
