With the advent of an era that survives purely on commercialization, globalization, and capitalism it is little wonder as to why business management is such a lucrative career option for today’s generation. Companies have now shifted their focus from the industry it is driven by the economy to one where services play an extremely vital role. This has in a way ultimately created a job market for business developers and managers; a workforce that could not only help build a business but ensures that it functions without any hitch as well. Business management is one of the fastest growing courses when it comes to India and every year more and more young people seem to take a very active interest in it.
MBA courses in India generally fall under the category of post-graduation education and take about two years to complete. MBA programs are generally available in two very wide formats- one that is a general MBA program and the other one that deals with specializations. General MBA courses help to cover a brief overview of almost all aspects of managerial studies while an industry-centric MBA course helps to cover details of the industry at a great length. MBA in Shipping and Logistics is a very sector specific course and equips the candidate with all skills required to perform in it.
Breaking down the terminologies- we have logistics which simply means the process of transporting services and goods and helps to understand elements of supply chain management. This discipline deals with tasks involving planning, implementing and controlling various aspects of the chain of supply. This also acts as a connecting bridge to study the connection between the point of origin and point of consumption. Logistics and shipping are quite interconnected with shipping playing an essential role in the transportation of goods and services. Shipping is preferred as a medium for transfer of goods because of its capacity to carry bulk amounts of goods across oceans and at a rate that is quite affordable in the long run.
Some of the important subjects that candidates study while completing the program include organizational behavior, business communication, maritime business, accounts management, finance management, marketing, IT systems, maritime economics, shipping law, customs law, liner trade and freight forwarding, port management, maritime insurance, research methodology and like any other MBA program a selection of elective subjects that would often determine the area of specialization during the second year.
Admission into this particular field of specialization is made through a set of exams such as CAT, XAT, MAT, ATMA, JMET and individual exams that are held by selective universities. Coming to career opportunities, this is a highly lucrative field since the demand for trade and commerce will only increase in the coming years. This career option provides one a helpful insight into the world of shipping and logistics and often opens a variety of career opportunities through shipping companies, ports, and harbors, consultation agencies, MNCs and business houses, import-export firms along with various logistics companies. If you are looking for a course that ups your ante from just a generic MBA degree, then this is tailored for you.