| | 8 OCTOBER , 2024HIGHERReviewRecently, the Final Placement Report of IIM Calcutta recorded a remarkable hundred per cent placement rate. This had an active participation from one hundred and ninety reputable companies together which extended 573 offers to the 465 students. These students got offers from some of the top investment banking & private equity firms that include Citi Bank, HSBC, Deutsche Bank, Goldman Sachs, Morgan Stanley and others.The average & median salary rendered to the students were Rs. 35.07 lakh & Rs. 33.67 lakh, respectively. While the highest domestic CTC reached Rs 1.15 Crore, the highest international CTC was Rs. 94.82 Lakh."As per a recent report, India's Logistics and supply chain costs currently amount to a staggering 400 USD, up to 14 percent of the GDP, compared to the global average of 8 percent, raising a competitiveness gap of approximately USD 180 Billion," says B.P. Nassar, Managing Director, Frontline Academy of Logistics. "Further, the challenges experienced by the sector during the pandemic has highlighted the urgent need for building a stronger and more relevant infrastructure that can not only withstand the unexpected disruptions of this scale but is also agile enough to adapt and bounce back to efficiency almost immediately in the face of future conflicts," he adds.The global logistics & supply chain industry market size is anticipated to reach USD 13,705.01 Billion in 2028. Some of the major factors driving the growth of this market include the increasing deployment of advanced technologies such as AI by logistics & supply chain companies.MBA in Logistics and Supply Chain Management - one of the growing education programs that can be pursued by students who are interested in becoming leaders as well as managers for any organization's supply chain and logistics department. A specialization in this particular stream confers numerous benefits as this particular field of study is one of the fastest growing industries in business today and hence it will be easier for students who graduate with an MBA in SCM to find a good job. Today, in this article let us look at why an MBA in Supply Chain Management is worth it.One of the fastest-growing & the prominent segments of businessesSince supply chain management and global logistics influence every organization or entity it is one of the fastest-growing & the most prominent segments of businesses that is also witnessing huge levels of innovation in process and technology every year. Logistics is a highly important success factor for any small or large-scale ­ product-based business as these companies continue to rely more on supply chains with a global footprint.Owing to globalization and the boom in e-commerce businesses, there is an increase in the need for supply chain and owing to this there is an increase in the need for supply chain talent. Furthermore, several supply chain executives are important members of senior management as well as the boardroom teams owing to the value of this discipline to the bottom line.Since the recent global disruptions in supply chains in an increasingly globalized world have showcased clearly, WHY AN MBA IN LOGISTICS & SUPPLY CHAIN IS THE KEY TO SUCCESS FOCAL POINT
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