This article talks about master’s degree programs in logistics and their education requirements, coursework, career choices, job and wage outlook, and continuing education choices.
Master’s Programs in Logistics
Logisticians perform analysis, management, and coordination of the flow of goods, services, and payments in an international market. Students enrolled in master’s degree programs for logistics studies are taught the advanced theories and principles of demand and supply from origin to disposal. In logistics master’s degree programs, the principles and theories in engineering and business are integrated. Students explore advanced demand and supply managerial techniques and infrastructures through case studies and research.
Graduate students can expect to be adept at the planning, development, and implementation of strategies for managing demand and supply in the global marketplace. They learn advanced analytical perspectives in supply chain management aimed at developing problem-solving skills in flexible contracting and inventory theory. A thesis may also have to be completed by students.
Admission criteria require incoming students to hold a bachelor’s degree; schools prefer majors such as science, engineering, or mathematics. Incoming students are also expected to submit GMAT or GRE scores along with recommendation letters. Competency in spoken and written English may also need to be requirements.
Strategy and research are covered in the program coursework in areas such as business policy, logistics, practical perspective, technology systems, and leadership skills. Core coursework may cover topic areas such as:
•Supply chain planning
•Transportation systems design
Program graduates gain the managerial experience and skills to seek advanced positions in manufacturing industries and government. They may choose from possible job titles such as:
•Logistics team leader
•Integrated logistics support manager
Job and Wage Outlook
Over the 2012 – 2022 decade, a faster-than-average job growth rate of 22% has been predicted for logisticians (U.S. Bureau of Labor Statistics). In May 2014, these professionals brought in an average annual wage of $76,830 (BLS).
Continuing Education Choices
Program graduates may opt for continued education by earning a Ph.D. in Logistics that could lead to a career in academia or advanced research.