Master's Degree in Supply Chain Management in Chicago, IL
Universities across Chicago, IL, offer master's degree programs in supply chain management. This article compares those programs' specializations and tuition rates, among other topics.
Loyola University of Chicago
At Loyola, students in the STEM-designated Master of Science in Supply Chain Management program take courses in business analytics, operations management, global logistics, inventory management, database systems, and business ethics. The university boasts that 100% of their graduates receive job offers (usually within a month of graduating).
DePaul University offers a 12-course STEM-designated Master of Science in Supply Chain Management. Admitted students take core courses including global procurement, inventory management, transportation and project management.
University of Illinois Chicago
At UIC business school, students can earn their 32-credit Master of Science in Supply Chain and Operations Management in one year full-time (or at a flexible pace part-time). All students complete a capstone experience wherein they work with a client organization to suggest solutions for a real-world supply chain issue.
Illinois Technical University
At Illinois Tech, students can complete a STEM-designated Master of Industrial Technology and Operations (MAS) with a specialization in supply chain management. Consisting of just 10 courses, this professional degree is designed to train the next generation of industry leaders with practical skills. Other possible specializations include facilities management, manufacturing technology, construction technology, and industrial sustainability.
At Elmhurst College (situated less than 20 miles outside Chicago), students can enjoy a part-time cohort-based program wherein they attend evening classes once a week and earn their MS in Supply Chain Management in less than 2 years. Upon completion, students can choose to pursue Elmhurst College's Master of Business Administration program with a concentration in supply chain management.
|University||Programs Offered||Tuition for Academic Year (2018-2019)*|
|Loyola University of Chicago||Master of Science in Supply Chain Management||$18,594|
|DePaul University||Master of Science in Supply Chain Management||$19,032|
|University of Illinois, Chicago||Master of Science in Supply Chain and Operations Management||In-state: $13,612|
|Illinois Tech||Master of Industrial Technology and Operations||$29,328|
|University of Chicago||MBA with a concentration in operations management||$57,759|
|Elmhurst College||Master of Science in Supply Chain Management||$31,170|
Earning a Master's Degree in Supply Chain Management
Supply chain management master's degree students balance hands-on projects with core academic coursework. Common core course requirements include:
This course introduces students to the quantitative and qualitative techniques that business leaders use to design, manage, and improve their business's ongoing product delivery process. Students may learn how to analyze how a company can best make use of their resources (facilities, employees, raw materials, technology, etc.) by examining examples of extremely successful companies. In particular, students learn the tools that business leaders can use to analyze and manage operations in manufacturing and service organizations. Topics may include logistics, material requirements planning, capacity planning, inventory management, scheduling, facility location, and project planning.
In a business ethics course, students learn about ethics, moral philosophy, and laws that affect business practice. This class may be taught in a seminar style, with students engaging in active debate and analyzing case studies with their peers. Students learn strategies for ethical business decision-making. Students may also study controversial current-event topics like sourcing in an ethical manner, conflict minerals, counterfeits and other issues relevant to business professionals.
Forecasting, or creating mathematical models to predict future prices and demand, is an essential tool for supply chain management professionals. In this course, students are introduced to the theories, up-to-date concepts and methodology involved in forecasting techniques (students may also practice working with common data analytics languages like R). Topics may include regression, modeling, Markov processes, data analysis, and time series analysis. Students practice using forecasting techniques and analyze the value, strengths and weaknesses of various methods.
Admissions Requirements for Supply Chain Management Master's Degrees in Chicago
Students generally apply to master's degrees in supply chain management through their university's online application portal. They send in their official bachelor's degree transcripts, GRE/GMAT test scores, letters of recommendation, a resume and statement of purpose essay. Some universities waive the GRE/GMAT testing requirement for applicants who have substantial work experience (five or more years), another graduate degree (MD/JD/Phd/MS in a relevant field), or a high undergraduate GPA in a relevant bachelor's degree program. Applicants generally pay a nonrefundable application fee (but this fee may be waived for students who can show financial need).
Chicago, Illinois, is a national hub for transportation and distribution. Due to the vast resources of the city, universities can offer incredible graduate degree programs and opportunities for students who wish to kick-start their career in supply chain management.