There are so many industries that are facing a critical shortage of the right talent. And one such industry is supply chain management. This shortage means that the field will bring countless prosperous opportunities for the aspirants. You can also make the most of this by earning a degree in supply chain management.
Besides the plenty of opportunities, in this post, we will shed some light on the reasons for going to this career field. Let us get started!
Reason 1: It is a growing field
This management field remains important to keep businesses growing and running in the global market. As per the LinkedIn September 2018 Workforce Report, logistics and transportation are one of the highest paying jobs with an increase of 13% in salary every year. According to the Bureau of Labor Statistics, the projected employment growth for supply chain management is 7% between 2016 and 2026.
Reason 2: Potential of high earning
Supply chain management offers career options with high earning. According to the Bureau of Labor Statistics, the median annual pay for logisticians was $78,740 and $100,740 for storage, transportation, and distribution managers. In addition to this, the career outlook for this field is healthy enough as 90% of people responded to the APICS Salary Surveys and said that they have received around 3% of the increase in their salary in 2017. The report also cited that new hires started their journey usually get higher pay as compared to established managers. Depending on various factors like education, experience, and regional market conditions, the employment opportunities and salary potential may vary, thus, you can go for this program and avail of the benefits attached.
Related: Information Technology vs. Information Systems
Reason 3: Plenty of options to choose from
In such a vast field, there is a variety of positions available all across the world. Hence, there is no bound to stuck between two or three options. As per the SCM Talent, there are plenty of positions and specialization available for candidates. So, as a professional, you will get countless opportunities to work in a variety of aspects of the supply chain management process for small family-owned businesses, larger corporations, government, and non-profit organizations.
Reason 4: Advancement opportunities
When you have the right education, skills, and knowledge to work as a supply chain professional, the possibilities are endless. There are numerous management positions for many sub-sectors. Some possible job profiles or positions include supply chain manager, supply chain analyst, transportation manager, international logistics manager, fulfilment supervisor, and customer service manager.
Reason 5: Job satisfaction
Supply chain management is such a larger industry that comes with multiple career options. Hence, job satisfaction can be higher as it provides its employees with so many opportunities for growth, reward, empowerment, and networking. According to the list of the ‘Best Jobs in America’ by Glassdoor.com, supply chain management was ranked at position 18. In addition to this, a survey was held by a private organization where around 96% of the participants stated that they had higher job satisfaction along with fulfilling and dynamic work opportunities while working in this field.
Reason 6: Supply chain management means competitive advantage
Now, the world of business is becoming globalized. Because of this, supply chain management has become a competitive advantage for businesses in the boardroom and on the ground. The skills and knowledge needed for this field are applicable in several other profiles outside of the industry, making an individual a valuable resource for different positions.
So, you are now interested in earning a degree in supply chain management? But, do not know where to start? If yes, then you can get in touch with AEC as we have a team to help our students find their best-fit options in countries like UK, Australia, Ireland, Germany, New Zealand, Canada, and so on. Give us a call for further queries.