Career Course in Industrial Management

Introduction:

Industrial Management is the branch of management that is concerned with the creation and management of systems that incorporate people, materials and energy in productive ways. Due to rapid industrialization in the country, India has emerged as one of the the fastest developing countries in the world. With the globalization of Indian economy coupled with opening up of industrial sector, a plethora of lucrative career opportunities are up for grabs. Many MNCs, Joint Ventures and even the indigenous companies are attracted towards India’s liberalized, economic policies and thus want to set up production facilities and factories across the country.

Therefore, an immediate need for skilled personnel in the stream of Industrial Management is increasing day by day. What’s more, global career opportunities are also plentiful for those pursuing courses in this particular field. A training program in industrial management is aimed at putting emphasis on the use of computers, mathematics, and statistics in management, and training professionals for positions of manager /management responsibility in industrially oriented industries such as textiles, steel, power, chemicals, aviation, and robotics and the like.

Application:

Industrial Management is a branch of management dealing with the optimization of complex processes or systems. It is concerned with the development, improvement, implementation and evaluation of integrated systems of people, money, knowledge, information, equipment, energy, materials, analysis and synthesis, as well as the mathematical, physical and social sciences together with the principles and methods of engineering design to specify, predict, and evaluate the results to be obtained from such systems or processes. Its underlying concepts overlap considerably with certain business-oriented disciplines such as Operations Management, but the engineering side tends to emphasize extensive mathematical proficiency and usage of quantitative methods.

Description:

Industrial management is that deals with people in industry, material and energy leading towards production growth. Our country is fast growing in industrial sector. Due to its economic policies many companies are coming forward to develop factories and production facilities in our country. Every company is in need of an industrial management person. They have much career opportunities now days. Some industries they give training to the qualified persons, and some they appoint experiences, skilled person.

Prospects:

Applicants with college degrees in industrial engineering, management, or business administration, and particularly those with undergraduate engineering degrees and master’s degrees in business administration or industrial management, should enjoy the best job prospects. Employers are also likely to seek candidates who have excellent communication skills and related work experience and who are personable, flexible and eager to enhance their knowledge and skills through ongoing training.

Industrial Managers are employed in various industrial units such as textiles, steel, power, chemicals, aviation robotics etc. Public sector undertakings particularly those of iron and steel, power and energy, tools and machinery industries also offer lucrative job opportunities for these graduates. Industrial managers with a proven record of superior performance may advance to plant manager or vice president for manufacturing. Others transfer to jobs with more responsibilities at larger firms. Opportunities also exist for managers to become consultants.

As the main responsibility of an Industrial Manager is usually to plan and control a schedule for production which takes into account resources, deadlines, and budgets, he/she can opt for any of the following career roles in various production facilities of the country :

• Industrial Production Manager
• Construction Manager
• Compliance Officer
• Production Manager
• Operations Manager
• Purchasing Manager
• Quality Assurance Control Manager
• Facility Manager
• Organizational Consultant

Remuneration:

A fresh graduate can earn Rs 25,000 to 40,000 initially, depending upon qualification, nature and location of job. In the public sector pay packages are relatively lower than what private industries offer. Experienced candidates can earn even more along with other benefits.

Scope:

Where as most engineering disciplines apply skills to very specific areas, industrial engineering is applied in virtually every industry. Examples of where industrial engineering might be used include shortening lines (or queues) at a theme park, streamlining an operating room, distributing products worldwide (also referred to as Supply Chain Management), and manufacturing cheaper and more reliable automobiles. Industrial engineers typically use computer simulation, especially discrete event simulation, for system analysis and evaluation.

The name "industrial engineer" can be misleading. While the term originally applied to manufacturing, it has grown to encompass services and other industries as well. Similar fields include Operations Research, Management Science, Financial Engineering, Supply Chain, Manufacturing Engineering, Engineering Management, Systems Engineering, Ergonomics, Process Engineering, Value Engineering and Quality Engineering.

Aptitude:

Those who aspire to work in the Industrial Management must have a passion for Management. A real burning desire to work in the Industrial Management will help in treading the road to success, which may be long and hard. You should be patient enough to taste the fruits of success as there is no guarantee of fame and fortune.

Eligibility Criteria:

A technical bent of mind is the most important criteria for admission to such courses. Hence, most of the universities ask for a Bachelor's degree in any branch of Engineering/Technology or equivalent.

Broad Course Content:

Few of the courses offered in Industrial Management are management information systems, E-Commerce and web services, logistics information management and innovation management. 

Skill Sets Needed:

An Industrial Management major is a specialized entry into corporate world. Industrial Management majors are managers with long-term planning skills. These managers head the production strategy for any company. This means that they have to have a keen sense of business, along with a great understanding of economics and finance. 

Premier Institutes in India:

1. IIT Kanpur
2. Kalinga Institute of Industrial Technology – IBAT School of Management Bhubaneswar, India
3. National Institute of Industrial Engineering (NITIE) Mumbai, India
4. University of Delhi-New Delhi, India
5. R.V. College of Engineering, Bangalore
6. Veer Narmad South GujaratUniversity - VNSGU
7. IGNOU-IIMSHECOMMUNITY COLLEGE, Bhopal
8. School of Management studies, Cochin University of Science & Technology
9. SCMS School of Technology and Management
10. TKM Institute Of Management, Kerala University 

Premier Institutes in Global:

1. Georgia Institute of Technology
2. University of Michigan Ann Arbor
3. University of California Berkeley
4. Stanford University
5. Northwestern University (McCormick)
6. Pennsylvania State University University Park
7. Virginia Tech
8. Purdue University West Lafayette
9. Cornell University
10. Texas A&M University College Station (Look)

Course Fees:

It varies from 2 Lakhs to 25 Lakhs per annum depending on the institute chosen. 

Higher Education Options:

One may pursue PhD in order to become an educator in premier MBA institutes.

At Last:

Industrial Managers are responsible for the supervision, scheduling and processes of all the activities it requires to make the company’s goods. An industrial manager meets production quotas, and he or she meets the schedule.

Excerpts from (New Age) Career Course, Published By: A. K. Mishra Publishers, Odisha

Mr. Sounik Kajal Kumar Dash, Diploma (EE), B.Tech (EEE), ADEM, DHRD, MBA (IHRM, CULC-London), Corporate Lobbyist and Strategist, Career Consultant

Source: Odishabook.com