If you're interested in pursuing a career opportunity that is a little different from the usual ones, then taking up a job as a material manager is a viable option. Material manager is one of the promising professions that brings a lot of future opportunities, attractive salary packages, diverse employment options, job satisfaction, and much more! Material management is one field where there is ample career potential in both the public and private sectors. As a material manager, your core duty is to plan, organize, and supervise the inbound and outbound movement of materials or goods based on customer needs, inventory targets, and production schedules. Working as a material manager, you'll maintain inventory, oversee procurement, storage, control, production, and shipping process.
To become a material manager, you'll need a bachelor's degree, preferably in logistics or a related field. Experience in the relevant field is a bonus for you. Many employers want their material managers to have proven experience in managerial or supervisory roles. They must have a solid understanding of supply chain, forecasting, budgeting, and inventory management systems. Working as material manager, typically you'll work in a warehouse, although some travel may be required. Being a material manager, you may be employed in a range of different industries, such as aerospace, medical device companies, large-scale food operations, utility companies, or biotech organizations. Dealing with the shipment and procurement procedures, usually, you'll work regular business hours, although you may expect to work in shifts too.
While working as a material manager, you can expect to make an average wage of $97,386 per annum. However, your salary may vary depending on your experience, location, the sector you work in, and your professional qualifications. You may get additional benefits such as bonuses, a company car, private healthcare, life insurance, and a pension. Not only this, but working as a material manager your advancement chances are high. With advanced managerial skills, experience, and a zeal for your career, you can go up to the level of Chief Purchasing Officer (CPO) or take the role of president.
There is more than meets the eye when it comes to being a material manager. For example, did you know that they make an average of $40.64 an hour? That's $84,532 a year!
Between 2018 and 2028, the career is expected to grow -6% and produce -29,200 job opportunities across the U.S.
There are certain skills that many material managers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, negotiating skills and math skills.
When it comes to the most important skills required to be a material manager, we found that a lot of resumes listed 11.3% of material managers included supply chain, while 9.7% of resumes included procedures, and 5.8% of resumes included facility. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the material manager job title. But what industry to start with? Most material managers actually find jobs in the manufacturing and technology industries.
If you're interested in becoming a material manager, one of the first things to consider is how much education you need. We've determined that 46.2% of material managers have a bachelor's degree. In terms of higher education levels, we found that 18.7% of material managers have master's degrees. Even though most material managers have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a material manager. When we researched the most common majors for a material manager, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on material manager resumes include associate degree degrees or high school diploma degrees.
You may find that experience in other jobs will help you become a material manager. In fact, many material manager jobs require experience in a role such as purchasing manager. Meanwhile, many material managers also have previous career experience in roles such as buyer or senior buyer.