If you consider yourself an organized and diligent professional, a supply chain management graduate degree program could launch you into your dream career. A Master’s Degree in Supply Chain Management can help incoming students achieve a successful career in the supply chain world.
These master’s degrees are aimed at bachelor’s degree graduates who want to find a better job across different industries. There are different types of scholarships you can apply for to pursue your Master’s Degree in Supply Chain Management. Read on to learn more about the options available to you, the application requirements, and the benefits they can bring to your supply chain management career.
What Is a Master’s in Supply Chain Management?
A Master’s Degree in Supply Chain Management encompasses many graduate programs that help you understand all the processes involved with acquiring, producing, and distributing a company’s goods and services. This degree will teach you how to use the most commonly used technological tools in the industry today.
While supply chain management is not typically available as an undergraduate program at most institutions, some related degrees that prepare you for a Master’s Degree in Supply Chain Management include business, communications, hospitality, and marketing.
How Much Does a Master’s in Supply Chain Management Cost?
According to the National Center for Education Statistics, a master’s degree costs an average of $12,171 at a public university and $25,929 at a private university. The cost of a Master’s Degree in Supply Chain Management will vary depending on whether you study at a public or private university.
However, various scholarship opportunities are available for qualified students based on academic merit, leadership potential, and academic goals that can help reduce some of the burden of paying for university.
Master’s in Supply Chain Management Salary: How Much Can You Earn?
According to Payscale, professionals with a Master’s Degree in Supply Chain Management earn an average of $77,000 per year. These professionals usually start with an undergraduate degree from a business-related program before pursuing a master’s degree and starting work.
Is a Master’s in Supply Chain Management Worth It?
A Master’s Degree in Supply Chain Management can be valuable for a professional since it provides knowledge, research, and practical experience in this industry, as well as opportunities to work with large companies.
In addition, supply chain management students can receive certifications that validate their knowledge in the area. It is a very specialized area of study in business administration, focusing on logistics and the supply chain.
How to Pay for Your Supply Chain Management Graduate Degree with Master’s in Supply Chain Management Scholarships
Master’s Degree in Supply Chain Management scholarships support students pursuing a master’s degree related to the supply chain industry. Many graduate school scholarships provide an annual stipend to help pay tuition expenses to students who demonstrate academic excellence.
Eligibility requirements for these scholarships usually include a minimum grade point average, letters of recommendation from faculty advisors, and a letter of motivation to apply for financial aid. Students must submit eligibility requirements while applications are still open and one or more students may be selected. All awards on the list below are partial support scholarships.
Best Master’s In Supply Chain Management Scholarships: Overview
|Organization||Scholarship Name||How Much It Covers|
|ISM – Alabama||Chad Jones Memorial Scholarship Program||$1,000|
|Material Handling Education Foundation||Howard Bernstein Scholarship Fund||$500 – $5,000|
|ISM-Pittsburgh||Scholarship Program for Duquesne University Students||$1,500|
|National Defense Transportation Association Foundation||The Denny Edwards Graduate Scholarship||Varies|
|INFORMS Health Applications Society||Seth Bonder Scholarship||$5,000|
|Merchants Exchange||Merchants Exchange Scholarship Fund||$250 – $3,000|
|North American Rail Shippers Association (NARS)||Ivan A. Olson Scholarship Fund||$500 – $1,000|
|National Grocers Association Foundation||NGA Foundation Scholarships||Varies|
|Women in Logistics||Women in Logistics scholarship program||$3,500|
|3PL Central||3PL Central Supply Chain Scholarship||$2,500|
Best Master’s in Supply Chain Management Scholarships: In Detail
Chad Jones Memorial Scholarship Program | ISM – Alabama
The Institute for Supply Management of Alabama awards the Chad Jones Memorial Scholarship to university students pursuing careers related to the supply chain management field and are members of ISM-Alabama.
Applicants must be attending an accredited university or college and have a minimum GPA equivalent to a B. A letter of recommendation from an academic advisor and an official academic transcript is requested among the requirements. The program awards scholarships on March 22nd of each year.
Howard Bernstein Scholarship Fund | Material Handling Education Foundation
The Howard Bernstein Scholarship Fund of the Material Handling Education Foundation awards scholarships to seniors at Board of Higher Education accredited colleges and universities enrolled in industrial distribution programs or related programs.
The scholarship awards up to $5,000 annually to five junior and senior students at colleges and universities. This scholarship program encourages career choices to prepare the next industry leaders.
Scholarship Program for Duquesne University Students | ISM – Pittsburgh
ISM – Pittsburgh awards an annual $1,500 scholarship to Duquesne University graduate or undergraduate students enrolled in the supply chain management program. The tuition scholarship disburses the cost of tuition and fees to students with excellent academic performance.
To apply for the scholarship, you need to send entrance exam scores, grades, and examples of extracurricular activities and career involvement. In addition, applicants must submit a current university transcript and two letters of recommendation from a School of Business faculty member and any other university faculty member.
The Denny Edwards Graduate Scholarship | National Defense Transportation Association Foundation
from the National Defense Transportation Association (NDTA) offers the Denny Edwards Graduate Scholarship to students in graduate programs related to logistics, transportation, and supply chain who are active members of the NDTA.
This competitive scholarship includes requirements such as a minimum 3.0 GPA, a one-page summary of your accomplishments and activities, a 500-word essay on how the program will help your career, a transcript, and letters of recommendation.
Seth Bonder Scholarship | INFORMS Health Applications Society
The INFORMS Healthcare Applications Society offers the Seth Bonder scholarship in Applied Operational Research in Healthcare Services. The scholarship awards $4,000 to a doctoral student to promote the development of research in healthcare service processes. There is an additional $1,000 awarded to pay for the recipient’s attendance at the INFORMS annual conference.
The Seth Bonder scholarship requirements include a student’s updated CV, two letters of recommendation, a letter of motivation describing their career goals, and a summary of the student’s proposed research project to be funded by the scholarship.
Merchants Exchange Scholarship Fund | Merchants Exchange
This scholarship supports full-time students in a graduate program related to the maritime industry and international trade. The number of scholarships and the scholarship amount is determined each year by the board of directors and has previously ranged from $250 to $3,000.
To apply for this scholarship, you must have a minimum GPA of 3.0 and fill out the online application, send your academic transcripts, and a letter of recommendation from a professor.
Ivan A. Olson Scholarship Fund | North American Rail Shippers Association (NARS)
NARS offers the Ivan A. Olson Scholarship to assist students from an accredited college or university enrolled in a program related to the transportation and supply chain industry.
To apply for this scholarship, you must fill out a form with your personal and academic information. In addition, you must send your academic transcript, including information about extracurricular activities, work history, as well as a letter of recommendation from a professor, and a formal application.
NGA Foundation Scholarships | National Grocers Association Foundation
The National Grocers Association Foundation offers scholarships to current students pursuing graduate degrees in independent warehousing who have the profile of leaders of tomorrow.
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This competitive scholarship is for those interested in food management or any other career in the food industry. The eligibility requirements for the scholarship are a minimum GPA of 2.5, a letter of recommendation, and a personal statement of your achievements.
Women in Logistics Scholarships Program | Women in Logistics
The annual Women in Logistics scholarship program offers $3,500 scholarships to San Francisco Bay Area students pursuing a graduate degree in logistics or SC management. This program awards women within these industries, focusing on creating local industry leaders.
To apply for this scholarship, you must submit a professional resume that includes your GPA, a letter of motivation for applying for this scholarship, and your career goals. In addition, you must send in a letter of recommendation from a professor or member of Women in Logistics.
3PL Central Supply Chain Scholarship | 3PL Central
The 3PL Central Supply Chain Scholarship is ideal for logistics and supply chain students currently pursuing a bachelor’s or master’s degree with a major in supply chain management, logistics, or operations. Scholarship recipients receive $2,500.
Eligible students must attend an accredited university. The application requirements include an official transcript, student ID, an essay on your opinion of supply chain advancement, and your contact information. Everything must be submitted to the online scholarship application portal.
How to Pay for Your Supply Chain Management Graduate Degree Without Scholarships: Alternative Financial Aid Options
If you think that a scholarship is not what you are looking for, or you do not meet the requirements to apply for one, there are some options to consider for financial assistance for your supply chain management master’s degree in addition to scholarships. You will find fellowships, grants, assistantships, and workplace reimbursement among the options.
Fellowships are an excellent option for graduate students with academic merit, as they provide financial aid for their education and support after graduation, as well as healthcare coverage and student loan assistance. An annual fellowship is beneficial for students conducting research or participating in training programs.
Grants provide financial assistance to graduate students without an expectation of repayment. Grants are awarded by the government, foundations, or professional associations to students who demonstrate a need for funding. While grants are slightly different from normal tuition scholarships, they allow students to take on projects or research assignments at no extra cost.
Assistantships are a great way for qualified applicants to get their graduate studies paid for while gaining teaching or research experience. Assistantships can cover all or part of your tuition and you can receive a monthly stipend and health insurance. To apply for assistantships, you can inquire about availability and the application process at the university admissions office.
Many companies pay for graduate studies for their employees to obtain the necessary expertise to fulfill the activities assigned to their position. While many of these reimbursement programs aren’t available for all degree types, many institutions offer it as an option for master’s students.
Should You Apply for Master’s in Supply Chain Management Scholarships?
Yes, you should apply for a scholarship to help you pay for your supply chain management master’s studies. Many of these scholarships offer quick and easy applications, so consider applying for more than one. Some are merit-based scholarships that you can apply for if you have a high GPA, while others only require you to belong to an association or organization.
Master’s in Supply Chain Management Scholarships FAQ
Which country is best for MS in Supply Chain Management?
Some of the best countries to pursue a career in the supply chain world are the USA, Germany, France, Belgium, and Spain. In these countries, supply chain management studies include various courses, certifications, and higher studies of bachelor’s and master’s degrees. If you’re an international student at a university, there are often additional merit scholarships you can apply to for further financial assistance.
How much does a Master’s in Supply Chain Management cost?
A Master’s Degree in Supply Chain Management can vary significantly in cost depending on the university or college you choose to study at. Private universities tend to be more expensive than community colleges. According to the National Center for Education Statistics, tuition costs range from $12,171 for public universities and $25,929 for private universities.
Is there a Master’s in Supply Chain Management?
Yes, there are many supply chain management master’s degree options you can consider pursuing to further your career in the supply chain industry, including master’s degrees at public and private universities and in both in-person and online modalities.
Can you make a lot of money in supply chain management?
A career in supply chain management can be very lucrative in any industry. The logistics sector is very lucrative for entry-level professionals looking to gain experience and experienced professionals.
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