filter your searchallcollegesexamnews

Master in Management Studies [MMS] - Course Overview

  • STREAM

    MANAGEMENT

  • DURATION

    2 YEARS

  • COURSE

    General

  • COURSE TYPE

    Post Graduation

Updated On - January 24th 2019

Master of Management Studies [MMS] Eligibility, Top Colleges, Syllabus, Duration, Salary

Master of Management Studies (MMS) is a 2-year postgraduate degree program, the minimum eligibility is bachelor’s degree from a recognized college or its equivalent exam. Admission to Master in Management Studies depends upon the basis of candidate’s performance in a relevant entrance exam, and consequent round counseling.

Some of the top colleges and institutes which provide admission to Master in Management Studies [MMS] are as follows:

The average tuition fee charged for the course in India ranges between INR 5,000 to 15 Lacs, for a span of 2 years.

Master of Management Studies program provides an insight into the core and specialized subjects in management. Specializations are generally offered in areas of marketing, finance, operations, human resources as well as systems. The program is much similar to other professional management courses like MBA or PGDM. The course study offers adequate knowledge and practical skills in applicants to plan and optimize resources for maximum productivity.

Such postgraduates are hired in capacities such as Investment Banker, Hedge Fund manager, Project manager, Management consultant, Business Manager, Account Manager, Brand Manager, Card Payments Operations Head, Equity Research Analyst etc. A fresh candidate in this field can get the initial salary offered range from INR 3 to 15 Lacs per annum. 

Master of Management Studies: Course Highlights

Given below are some of the main highlights of the course:

Course LevelPost Graduation
Duration of the Course2 years
Examination TypeSemester and Annual
EligibilityGraduation
Admission ProcessEntrance exam and Merit Based
Average Course FeeINR 5,000 to 15 Lacs
Average Starting SalaryINR 3 to15 Lacs
Top Recruiting CompaniesMcKinsey & Company, Boston Consulting Group, Bain & Company, Merrill Lynch & Co, Deloitte Consulting LLP, Lehman Brothers, JP Morgan Chase & Co, Goldman, Sachs & Co, Citi, Booz & Company, Accenture, Johnson & Johnson, Credit Suisse, Deutsche Bank, Morgan Stanley, UBS, Bank of America, Microsoft Corporation etc.
Top Job AreasBanks, Business Consultancies, Brand & Marketing, Non-profit Organizations, Personal Business, Educational Institutes, Export Companies, Financial Organizations, Industrial Houses, Multinational Companies etc.
Top Job PositionsInvestment Banker, Hedge Fund manager, Project manager, Management consultant, Business Manager, Account Manager, Brand Manager, Card Payments Operations Head, Equity Research Analyst etc.

Master of Management Studies [MMS]: What is it all about?

Master of Management Studies is a postgraduate programme in management studies. The course spreads over four semesters over a period of two years. The programme provides an insight into the core as well as specialized subjects in management.

The first year consists of 2 semesters which are designed for understanding the basic principles of business and the second year emphasizes on the core as well as special subjects such as marketing, finance, human resources, and operations. This programme is much more same as other professional management courses like MBA or PGDM.

Master of Management Studies course will help the students to gain adequate knowledge and practical skills in the candidate to plan and optimize resources for maximum productivity. Students have to undertake two months summer internship with an organization after the completion of the first year and complete a live project. This summer internship is an amazing opportunity to unite academic concepts with live practical situations.

The professional course study helps the candidate to gain adequate skills in supervision and control of business activities and to plan and handle employees at the same time. The same acts as a platform to increase the knowledge base of the candidate and to acquire entrepreneurial skills. Master of Management Studies course study acts as base work for one to have doctoral level courses in Management. Further, the candidate can obtain a lucrative career in their interested domain of specialization.

Master of Management Studies: Top Institutes

Given below are some of the top institutes in India that offer the course:

NAME OF INSTITUTECITYAVERAGE ANNUAL FEES
Indian Institute of ManagementGujaratINR 5,90,000
Indian Institute of ManagementBangaloreINR 7,00,000
ITM Business School KhargharMumbaiINR 4,60,000
Indian Institute of ManagementWest BengalINR 5,30,000
Symbiosis International UniversityPuneINR 2,80,000
Indian School of BusinessTelanganaINR 15,000
School of Inspired LeadershipHaryanaINR 2,90,000
Indian Institute of ManagementLucknowINR 5,00,000
Amrita Vishwa VidyapeethamCoimbatoreINR 4,11,000
University of DelhiDelhiINR 10,00,000
Indian Institute of ManagementKeralaINR 9,50,000

Master of Management Studies: Eligibility 

Candidates should have passed Bachelor’s degree from a recognized college to apply for the admission. Candidates should have scored a minimum of 45% of aggregate marks in graduation to apply for the admission.

Candidates must have passed in Common Entrance Test which is conducted by the Competent Authorities designated by the State Government as the sole authority calling for applications and effecting admissions by the Common Entrance Test.

Master of Management Studies: Admission Process

Admission to Master of Management Studies depends upon merit-based admission process. Some colleges and institutes make use of relevant entrance examination to select deserving students. Some colleges are also known to conduct their own qualifying entrance examination in order to select deserving students.

MHCET is the most common entrance test for MMS program since most of the colleges are located in Maharashtra. Those candidates who pass the entrance exam have to attend group discussions or interview as part of the selection process.

Following are a few entrance tests that are conducted by some of Master of Management Studies colleges in India:

  • Maharashtra Common Entrance Test (MHCET) for MBA/MMS/PGDBM/PGDBA
  • Andhra Pradesh Integrated Common Entrance Test
  • Common Aptitude Test (CAT)
  • AIMS Test for Management Admissions ATMA
  • Rajasthan Management Aptitude Test Exam (RMAT)
  • Graduate Management Aptitude Test (GMAT)
  • Management Aptitude Test (MAT)

Master of Management Studies: Syllabus and Course Description

A semester-wise breakup of the course’s syllabus is tabulated below.

Semester ISemester II
Perspective ManagementLegal and Tax Aspects of Business
Financial AccountingCost & Management Accounting Economic
Managerial EconomicsEnvironment of Business
Operations ManagementOperations Research
Organizational BehaviorHuman Resources Management
Business MathematicsResearch Methodology and Fundamentals of MR
Information Technology for ManagementManagement Information Systems
Communication SkillsFinancial Management
Marketing ManagementMarketing Applications and Practices
Electives (can select 2 electives from the list)Electives (can select 2 electives from the list)
Selling & Negotiation SkillsDecision Science
High-Performance LeadershipManagerial Process Skills
Indian Ethos in ManagementAnalysis of Financial Statements
Corporate Social Responsibility projectsForeign Languages (German, French, Japanese)
Semester IIISemester IV
Marketing StrategyProject Work
Integrated Market Communications-
Consumer Buying Behaviour-
Market Research Applications-
Sales Management & Sales Promotion-
Distribution & Supply Chain Management-
Product & Brand Management-
Marketing Finance-
Human Resource Planning and Human Resource Audit-
Database Management Systems-

Master of Management Studies: Career Prospects

Master of Management Studies course offers ample career opportunity both in India as well as abroad. The same offer managerial and executive level jobs in top MNC and various reputed organizations. They can also work in the area of academics and can be the entrepreneur of their own corporate houses.

Management Studies is a broad discipline covering areas, for example, HR, Marketing, Finance, etc., offering eligible applicants various job opportunities in business organizations, educational institutes, corporate houses, financial, banks and retailing services, etc.

Master of Management Studies [MMS annual salary

JOB POSITIONJOB DESCRIPTIONAVERAGE ANNUAL SALARY
Business ConsultantsBusiness Consultants are responsible to apply strong research as well as analytical skills in the occupation. Consultants are also responsible to enhance organization through assessing its weakness and recommending solutions.INR 8 to 9 Lacs
Finance ManagerFinance Manager is responsible to provide and interpret financial data, interpret cash flows, predict future trends, monitor, analyze finance-related change, and advise associations accordingly.INR 9 to 10 Lacs
Human Resource ManagerHuman Resource Manager is responsible to manage and maintain the Human Resource of the company by selecting, orienting, recruiting, and training candidates, and also counseling and disciplining candidates, planning, monitoring, and appraising job outcomes.INR 6 to 7 Lacs
TeacherTeachers are responsible to create lesson plans and teach those plans to the whole class, individually to candidates or in small teams, track candidate progress, develop and reinforce classroom rules and regulations, make tests, work with the school administration, and trains candidates for standardized tests.INR 3 to 5 Lacs
ResearcherResearchers are responsible to work with team members to identify research techniques, variables, project goals, and different test parameters, and also select how to collect information and offer recommendations on evaluating the project.INR 5 to 6 Lacs

Comments

Comments



No Comments To Show

×