Supply Chain majors have a variety of career possibilities. Starting salaries range from about $45,000 for entry-level positions in procurement, logistics and management to more than $80,000 for specialty positions such as international supply chain management.
The starting salary for Supply Chain majors depends on the job and employer. A study published in the Journal of Applied Psychology concluded that a person’s choice of a major can affect his or her income. Supply chain management majors stood to earn $53,300 per year, which was 16 percent more than what supply chain associates earned at 52,600 dollars annually or 11% less than the average annual salary for all other business majors.
Supply chain management is a booming industry, and those interested in pursuing careers in it will have plenty of options. Supply chain majors learn how to manage the flow of materials, goods and services between companies, ensuring that goods are delivered on time and at the right quality.
Starting Salary For Supply Chain Majors Overview
The starting salary for supply chain majors is $36,000.
Supply chain management is a field that has a wide range of jobs, from supply chain analyst to logistics manager. Supply chain management is an exciting career path that can lead to rewarding and challenging opportunities. Supply chain managers oversee the process of moving goods from supplier to manufacturer to distributor and eventually to consumers. They are responsible for ensuring that products are delivered on time and in good condition. In some cases, supply chain managers also oversee the inventory of products at each stage of the process.
There are many different types of companies that hire supply chain managers, including transportation firms, manufacturers, distributors and retailers. A degree in supply chain management will prepare you for careers in these areas as well as related fields like international business or marketing.
Supply chain managers must have excellent communication skills and be able to work with people at all levels within an organization. They must also be able to plan ahead so they can anticipate problems before they occur so they can avoid disruptions or delays in production or shipping schedules which could cost companies money or even cause them to lose customers altogether!
What is the average supply chain management major salary in the US?
As a supply chain management major graduate in the USA, you can expect to earn on average $61,407 per year or $29.52 per hour. While the top 10 percent make over $105,000 per year, the bottom 10 percent make under $35,000. Employers that have the highest concentration of job opportunities for supply chain management majors are professional companies and technology companies. Some of the states with the best salaries for supply chain management major graduates are California,New Jersey, Washington, New York, and Maryland.
Careers in Supply Chain Management
Supply chain management graduates typically go into industries like manufacturing distribution, wholesale trade, and retail trading. Below, you’ll find some common career choices open to supply chain management graduates. Keep in mind that a supply chain management degree can also help you in a variety of careers not listed here.
Logistician
Median Annual Salary (2020): $76,270
Projected Job Growth (2019-2029): 4%
Logisticians coordinate a company’s supply chain, directing and managing the allocation of materials, supplies, and products. They also analyze the logistical needs of an organization, drawing upon their degree coursework in logistics analysis to do so. These professionals typically need at least a bachelor’s degree, though sometimes an associate degree is sufficient.
Operations Research Analysts
Median Annual Salary (2020): $86,200
Projected Job Growth (2019-2029): 25%
Operations research analysts help organizations run more efficiently through a combination of field research, statistical analysis, and data collection. These professionals often work in finance, insurance, management, or manufacturing. This position usually requires at least a bachelor’s degree.
Supply Chain Managers
Median Annual Salary (2020): $96,390
Projected Job Growth (2019-2029): 4%
Supply chain managers manage the flow of products from manufacturer to supplier, handling production, purchasing, warehousing, and distribution services for organizations. Typically, this position requires a bachelor’s degree in supply chain management.
Industrial Production Managers
Median Annual Salary (2020): $108,790
Projected Job Growth (2019-2029): 1%
Industrial production managers work at manufacturing plants in many different industries. They set, meet, and report on a plant’s production goals, using management science and reverse logistics, as taught in a supply chain management degree. This position generally requires a bachelor’s degree.
Purchasing Managers
Median Annual Salary (2020): $125,940
Projected Job Growth (2019-2029): 3%
Purchasing managers oversee and coordinate the work of buyers and purchasing agents for organizations in industries like retail, manufacturing, and wholesale trade. The most relevant course topics for this career are sourcing, procurement, purchasing, and inventory management. This position requires at least a bachelor’s degree in supply chain management.
Entry Level Supply Chain Positions
If you are wondering how to become a supply chain manager, you should first understand some of the entry-level positions. Regardless of the industry, management almost always requires experience. Supply chain manager jobs are no different, so here are a few options that deliver the experience you need. These jobs will build your experience and help you understand what does a supply chain manager do. You’ll have to earn a supply chain salary entry level, but they are still an excellent start.
Dispatcher
The supply chain management career outlook is strong, and working as a dispatcher could provide entry into the career. A dispatcher is simply someone who directs the movement of personnel and products. They usually work from a centralized location, take in information, and then relay this information to drivers or transportation professionals. Dispatchers need to be organized and have excellent communication skills, and they are employed by numerous industries, including law enforcement, taxi companies, shipping firms, and airlines.
Cost Estimator
A cost estimator uses scores of information to predict the costs of a service, product, or completed project. In the supply chain, a cost estimator may use their mathematical and information-gathering skills to estimate the cost of shipping a product through one port or another or using one type of transportation compared to another. Supply chain manager duties include keeping costs low, so this can be a very useful starting position. This is a wonderful start for your career in supply chain management.
Purchasing Agent
The best companies for supply chain jobs want to hire people with an understanding of costs and expenses. For this reason, they may prefer candidates who have experience purchasing products and materials for a company. These professionals find the best prices, negotiate agreements, and have a strong working knowledge of the overall supply chain. This position is also a great way to launch your career in supply chain management.
The supply chain management salary entry level for these jobs is likely lower than top manager salaries, but they will build your experience and, most likely, bring in a solid, reliable income.
