As a branch of management, industrial management is concerned with
management of an industry incorporating all its aspects such as man,
material and energy to produce certain commodities. Recent developments
like globalization, liberalization and rapid industrialization of the
Indian economy have resulted in setting-up of production facilities and
factories across India. Thus, the requirement of high skilled personnels
in the stream of industrial management is increasing day by day.
Industrial management involves technical aspects of production process, quality control, safety standard, tools and machinery, energy and power along with optimum utilization material and human resources. Thus, unlike other streams of management, post graduate programs in Industrial Management, is open to only Engineering/Technology graduates (B.E/B.Tech). Admission into these courses is made through all India entrance tests conducted by the institutes concerned. Some institutes also select candidates on the basis of the Common Admission Test (CAT) scores.
Professionals trained in the field of industrial management are in high demand these days both in domestic as well as foreign market. Industrial Managers are best suited for positions of manager in various industrial units such as textiles, steel, power, chemicals, aviation, and robotics and the like. Public sector undertakings particularly those of iron and steel, power and energy, tools and machinery industries also offer lucrative job option to industrial managers. However, private sector industries such as automobiles, heavy machinery, chemical, petroleum, electronics, electrical and engineering goods are most favoured destination for industrial managers. Nevertheless industrial managers also can work independently as industrial-cum-managerial consultant for providing valuable consultancy to varieties of industries.
Top Colleges Offering UG/PG/Other Courses
Most B-schools in India offer Industrial Management Courses at the undergraduate and post graduate level. Some institutes also offer Post Graduate Diploma in Industrial Management (PGDIM). Here is a list of the different Institutes offering Industrial Management Courses: National Institute of Industrial Engineering (NITIE), Mumbai; Kalinga Institute of Industrial Technology, Bhubaneswar; Indian Institute of Technology, Kharagpur; Delhi College of Engineering, New Delhi; R.V. College of Engineering, Bangalore and Shailesh J Mehta School of Management, Mumbai.
Industrial management is obviously a hot career option. A fresh pass out can expect Rs 25,000 to 40,000 as initial pay packages which may varies at times depending upon qualification, nature and location of job. In public sector pay packages are relatively lower than what private industries offer. Experienced and talented people can even reach up to the top post of industrial management, where they can enjoy financial growth along with power, prestige as well as name and fame.