Operations Management Diploma and Degree Programs
Operations managers are good team leaders who enjoy being in charge and have the ability to communicate and motivate many different types of people. Read on to learn more about operations management and the degree and diploma programs that could prepare you for a career in this field.
What Degree Do I Need?
If you are interested in becoming an operations manager, you might have several educational paths open to you. According to the U.S. Bureau of Labor Statistics (BLS), operations managers and other top business executives often have a bachelor's or master's degree in a field such as business administration. You should also have an understanding of the industry in which you work. Diploma programs in the field are occasionally offered at not-for-profit schools in the United States.
|Program Levels||Diploma, bachelor's and master's|
|Common Courses||Global operations administration, management science, service operations management, quality management practices|
|Job Duties||Budget establishment, project management, buying merchandise, investment monitoring, schedule preparation|
|Median Salary (2018)*||$100,930 (for general and operations managers)|
|Job Outlook (2018-2028)*||7% growth (for all general & operations managers)|
Source: *U.S. Bureau of Labor Statistics
What Are the Programs Like?
A Bachelor of Business Administration (BBA) with a concentration in operations and supply chain management should provide you with an overview of business principles, project management, supply chain management and operations management. A Master of Business Administration (MBA) degree program with a concentration in operations management can take 2-3 years to complete and often leads to a terminal degree in business.
Coursework in a graduate program in the field commonly includes training in applied business and leadership as well as industry-standard operations practices. The following are examples of classes you could take:
- Management science
- Quality management practices
- Global operations administration
- Service operations management
What Do Operations Managers Do and How Much Do They Make?
Operations managers oversee the day-to-day functions of a business or similar type of organization. In this position, it could be your job to write company policies, delegate tasks to employees, facilitate the use of human capital or manage material resources. You might also coordinate the activities of different departments to ensure their efforts are cohesive and productive. You may also be responsible for establishing budgets, managing projects, monitoring and maximizing investments, allocating funds and preparing work schedules. The following are more examples of the daily job duties of an operations manager:
- Setting daily goals
- Buying merchandise
- Determining which goods should be sold
- Setting price points
- Planning sales promotions and marketing campaigns
- Reviewing financial statements
According to the BLS, general and operations managers earned a median annual salary of $100,930 as of May 2018 (www.bls.gov). Top-paid managers earned $208,000 or more, while the lowest ten percent made up to $44,710.