Master of Fashion Management [MFM] - Course Overview

  • STREAM

    DESIGN

  • DURATION

    2 YEARS

  • COURSE

    Fashion Design

  • COURSE TYPE

    Post Graduation

    MFM (Master in Fashion Management) Course, Eligibility, Admission, Colleges, Syllabus, Jobs, Scope 2020-2021

    Master in Fashion Management, or simply MFM, is a postgraduate program of 2 years that focuses on imparting knowledge and skills required to develop industry leaders and top managers in the fashion industry.

    The main objective of MFM course is to develop leadership and managerial skills in the field of management, marketing, merchandising, retailing specifically of the garment export, fashion, lifestyle, and retail sector.

    Alert: The situation test of the NIFT Exam has been postponed due to COVID 19 outbreak. 

    Anyone with a Bachelor’s degree can pursue this job oriented fashion management course. Admission is based on the counselling after Entrance Exams such as NIFT MFM Exam.

    This course is mainly provided by the National Institute of Fashion Technology (NIFT), but there are other colleges and universities as well that provide this course. 

    Below are mentioned some of the famous colleges that are preferred by the students for Master of Fashion Management course in India:

    India Today 2019 RankingCollege NameAdmission ProcessAverage Annual FeesAverage Placement Offer
    1National Institute of Fashion Technology, New DelhiEntrance exam (NIFT-MFM) and GDPIINR 1,95,600INR 5,50,000
    2National Institute of Fashion Technology, Navi MumbaiEntrance exam (NIFT-MFM) and GDPIINR 1,95,600INR 5,00,000
    3National Institute of Fashion Technology, BangaloreEntrance exam (NIFT-MFM) and GDPIINR 1,95,600INR 6,00,000
    12Amity School of Fashion Technology, NoidaEnglish language Test + Management Aptitude test + Personal interview + ExtemporeINR 1,70,000INR 3,00,000
    13Indian Institute of Fashion Technology, BangaloreEntrance exam (NIFT-MFM) and GDPIINR 1,95,600INR 4,30,000

    In this course, the students have to undergo deep education in the fashion industry usually in the sectors of management, marketing, retail & export, forecasting, international marketing, international trade practices, and entrepreneurship. 

    The average annual fee for a Masters in Fashion Management is around INR 75,000 to INR 2,00,000.

    The average salary offered after the MFM is around INR 3 Lakhs to 8 Lakhs per annum in diverse roles as managers in different fields of the fashion industry. Read MFM Jobs & Career to know more major job options.

    For further studies, students can opt for a PhD in design, management or technology. They can also choose to do specialized courses to improve themselves in a particular area like Sales Management, Merchandising, Trade Marketing, Channel Management, etc.

    MFM Admission Process

    MFM Admission Process

    • Admission in MFM course is mostly done on the basis of performance in a relevant Entrance Exam like NIFT-MFM Exam 2020.
    • The shortlisted candidates are called for a Group Discussion (GD) and Personal Interview (PI) round. 
    • Final MFM admission is done considering marks scored in the Entrance examination and the performance in GD & PI.

    MFM Eligibility

    Any student can pursue this course if they have completed their graduation from a recognized university or college. 

    Students who have completed a Diploma course of minimum 3 years from NIFT are also eligible to apply for MFM degree.

    MFM Entrance Examination

    One of the most common entrance exams for Master in Fashion Management is NIFT MFM Exam 2020 for admission into one of the many NIFT institutes.

    Other than this, colleges also accept CAT & MAT scores as well for MFM admission process.

    MFM Entrance ExamsApplication PeriodExam DateExam Mode
    NIFT MFM Exam 2020October 23-December 31, 2019January 19, 2020Offline
    CAT 2020August 8, 2020-September 23,2020November 25, 2020Online
    MAT 2020March 6-June 16, 2020June 21, 2020Offline and Online

    How to prepare for NIFT MFM Exam 2020?

    The exam consists of 150 questions that are to be attempted in the time duration of 3 hours.

    There are two main parts of MFM exam:

    • General Aptitude Test (GAT)
    • Group Discussion & Personal Interview (GDPI)

    GAT test the candidate’s Quantitative Ability, Communicative Ability, Analytical Ability and General knowledge & Current Affairs. A Case Study is also included in the GAT which is a new addition to the MFM Exam.

    GDPI Round will evaluate the students on the basis of conceptual clarity, problem solving approach, interpersonal skills, leadership skills, career orientation, creative thinking etc. 

    Read More: NIFT MFM Exam Syllabus 2020-2021

    Points to keep in mind while preparing for the NIFT MFM Exam:

    • NIFT MFM Exam is a strip down version of MAT Exam, hence you can consider MAT practice books for the preparation. Otherwise, there are many preparation books available in the market which you can consider while preparing for the exam.
    • Students should be aware of the syllabus and strategize their study time to cover the entire syllabus before time.
    • Students should also give ample time to the Case Study section of the exam 
    • Give at least 10-12 timed mock tests to get comfortable with the exam pattern and type of questions.
    • Solve previous years question papers as well to get a fair idea of the pattern of questions that can come in the exam.

    Important Links:

    NIFT MFM Exam Preparation TipsNIFT MFM Exam Sample Papers

    How to get admission in a good MFM college?

    • NIFT is considered to be the best option to study masters in fashion management. Hence, your main focus should be on NIFT MFM Exam. 
    • Give ample time to prepare for this exam, since the scores obtained in this exam will decide your admission in one of the campuses of NIFT.
    • NIFT Delhi is considered one of the best NIFT institutes to study Master of Fashion Management course. Hence, knowing the cut off of each institute helps to get admission into your desired campus.
    • Prepare well for the GDPI Round as well. Be confident and eloquent. 
    MFM: What is it About?

    MFM: What is it About?

    • Master of Fashion Management (MFM) is a 2 year postgraduate course aimed to groom the students in the field of fashion management with the help of case method, role plays, presentations, group assignments, seminars, symposiums, and talks along with regular industry interface. 
    • The course is a fusion of marketing and merchandising in a unique manner with a strong emphasis on management orientation that creates a versatile manager for the global fashion industry.
    • Through the MFM course curriculum, students are exposed to current fashion trends and how the demand changes, innovative ways of fashion management practice, creative marketing or merchandising, technological development, business practices through industry internships and field visits. 

    Objective of two year MFM (Master of Fashion Management) Program:

    • The main objective of the MFM course is to develop managerial and leadership skills for building competitiveness of the fashion industry. 

    • The objective is also to provide competence among young talent in the areas of marketing, merchandising, retailing, supply chain management, and garment exports in order to meet the specific skill needs of the industry.

    MFM Course Highlights

    Listed below are some of the major highlights of MFM degree:

    Full FormMaster of Fashion Management
    Course LevelPost Graduate
    Duration2 years
    Examination TypeSemester System
    EligibilityUndergraduate Degree from any Institute / University recognized by law in India
    Admission ProcessBased on counselling after clearing Entrance Tests like NIFT-MFM for different colleges.
    Course FeeINR 4,50,000
    Average Starting SalaryINR 3-8 LPA
    Top Recruiting CompaniesTextile mills, Home furnishing companies , Design BPO's, Large retailers, Brand marketers, Manufacturers, Consultancy organizations, E-retailers, International Brands, Startup firms, etc.
    Job PositionsShowroom Sales Manager, Technical Design Manager, Cutting Assistant Costume Designer, Fashion Coordinator, Fabric Quality Control Manager, Marketing Manager, Social Media Manager, Fashion Merchandiser, Export Sales Manager, etc.
    Why study MFM?

    Why study MFM?

    • MFM or Master of Fashion Management is a postgraduate management course especially designed to produce future managers required to meet the increasing demands of the fashion industry.
    • Current and future managers are required to detect and even predict these macro-trends, to define and implement imaginative solutions, to prosper in the fast-paced world of fashion. 
    • Students will become increasingly familiar with the language and rules of the fashion system. They will be guided to set and perform smart research projects, grow an analytical approach, make informed decisions, develop creative and financially sustainable strategies, where the brand image matches the definition of the distribution channels and the brand/product portfolio. 
    • Graduates will also develop the necessary skills to become self-employed and build their own companies. 
    • The objective of the Master of Fashion Management (MFM) program is to prepare future managers of fashion companies, who will be able to deal with competitive global environments and to promote the exchange of experiences and best practices in the international fashion arena.

    Course Comparison

    MFM vs MFTech
    • MFM vs MFTech:

    MFM is a fashion management course, on the other hand, MFTech is a Fashion Technology course. Both these courses are considered one of the most pursued master courses in the field of fashion. 

    The table below draws some of the major differences between them:

    ParametersMFMMFTech
    Full FormMaster of Fashion ManagementMaster of Fashion Technology
    EligibilityGraduation in any degree from a recognized college or instituteGraduation in BE/BTech from a recognized college or institute
    AdmissionEntrance Exams Based Admission (NIFT MFM Exam)Entrance Exams Based Admission (NIFT MFTech Exam & GATE)
    Course ObjectiveThe main objective of the Master of Fashion Management course is to equip students with the skills and knowledge of management, along with marketing and merchandising that is required to fill in a variety of roles in the fashion industry.The main objective of Master of Fashion Technology is to cultivate qualified professionals required for techno managerial roles in the fashion and allied manufacturing sector. 
    Average FeesINR 4,50,000INR 4,50,000
    Average SalaryINR 3-8 LPAINR 3-6 LPA
    Major Job PositionsFashion Merchandiser, Fashion Marketing Manager, Export manager, Area Sales Manager, Social Media Manager, Business Analyst, etc. Fashion Technologist, Design Technology Manager, Fashion Critic, Fashion Quality Manager, Fashion Designer, etc.
    MFM Top Colleges

    MFM Top Colleges

    The table below shows some of the best NIFT colleges that offers MFM degree to the students who are interested to pursue this management course:

    Collegedunia Rating (out of 10)NIFT College NameAverage Total Fees
    9.5NIFT Navi MumbaiINR 4,50,000
    9.4NIFT New Delhi INR 4,50,000
    8.7NIFT HyderabadINR 4,50,000
    8.6NIFT KannurINR 4,50,000
    8.4NIFT BangaloreINR 4,50,000
    8.3NIFT BhubaneswarINR 4,50,000
    8.2NIFT ChennaiINR 4,50,000
    8.0NIFT ShillongINR 4,50,000

    Apart from NIFT, there are many colleges and universities which offer masters in fashion management programs. The table below shows some of them:

    College NameLocationAverage Total Fees
    Amity School of Fashion Technology (ASFT)NoidaINR 3,50,000
    International Institute Fashion Technology (IIFT) ChandigarhINR 4,70,000
    Indian Institute of Fashion Technology (IIFT)BangaloreINR 7,00,000
    Jaipur National UniversityJaipurINR 5,00,000
    Mahatma Jyoti Rao Phoole UniversityJaipurINR 2,00,000
    Pacific UniversityUdaipurINR 1,50,000

    Read More: Top MFM Colleges in India 2020-2021

    College Comparison

    The table below compares the top colleges offering MFM course in India:

    College NameNational Institute of Fashion Technology, New DelhiNational Institute of Fashion Technology, MumbaiNational Institute of Fashion Technology, Bangalore
    OverviewThe Delhi campus is the largest among all the NIFT and has the largest student strength. They offer 7 bachelors and 3 masters degrees.NIFT Mumbai offers world class infrastructure and highly trained faculties. They started a craft cluster initiative to help the craftsmen with their product selling.This NIFT campus specializes in the design, technology, and management.
    Ranking#1 by India Today 2019#2 by India today 2019#3 by India Today 2019
    Average Annual feesINR 1,95,600INR 1,95,600INR 1,95,600
    Average Placement offerINR 5,50,000INR 4,30,000INR 6,00,000
    Top Placement CompaniesAmpm Fashion Pvt. Ltd., Decathlon, Monte Carlo, Weddingz.in, Amit Aggarwal, Future Group, Raniwala Jewellers Pvt. Ltd., The BlueBeans, Blackberry, Gaurav Gupta, TailormanZara, Benetton, Hidesign, Fossil, Ti-cycles, Renault, Royal Enfield, Anita Dongre, Arvind Mills, Welspun, Times of India, Hindustan Unilever, Future Group, TCS, Tata Elxsi, Titan, L&T Infotech.99 Labels, Benetton, Calvin Klein, Dhananjay Apparels, ITC Wills Lifestyle, Shoppers Stop, Tommy Hilfiger, Marks & Spencer, Nike Inc, Zara, Puma, Gucci, Levis, Body Shop and many more.

    Return on Investment (ROI)

    Below table compares some of the top colleges for Masters in Fashion Management in terms of ROI:

    College NameAverage Annual FeesAverage Placement OfferROI Rank
    Pacific University, JaipurINR 75,000INR 6,60,0001
    National Institute of Fashion Technology, BangaloreINR 1,95,600INR 6,00,0002
    National Institute of Fashion Technology, New DelhiINR 1,95,600INR 5,50,0003
    Indian Institute of Fashion Technology, MumbaiINR 1,95,600INR 4,30,0004
    Amity School of Fashion Technology, NoidaINR 1,70,000INR 3,00,0005
    roi of mfm colleges

    Source: Official College Websites

    MFM Syllabus

    MFM Syllabus

    Master of Fashion Management includes major management subjects such as Marketing, HR, Operational Management, etc. 

    Apart from this, the MFM syllabus also includes important subjects such as:

    • Basics of Fashion
    • Fashion Finance & Economics
    • Fashion Design Process
    • Fundamentals of Entrepreneurship
    • Visual Merchandising & Window Display
    • Fashion Event Management, and others.

    To know a semester wise break of the subjects included in the syllabus, click on Master of Fashion Management Syllabus

    MFM Jobs & Career

    MFM Jobs & Career

    This course of masters in fashion management is very specific towards the fashion, textile, apparel industry and its teachings help the students to develop skills that are usually required to run the companies under the fashion industry.

    There are various positions that need to be managed from making the product to selling it to a customer, and this fashion management course is all about learning the skills to manage these all. 

    Marketing, Retailing, Export, Merchandising, etc. are some of the sectors which require fashion management professionals for proper functioning of the company or business.

    Some of the common job prospects after doing Master of Fashion Management course are as follows:

    Job PositionJob DescriptionAverage Salary
    Marketing ManagerA marketing manager is responsible for supervising and helping to create the various advertising or merchandising sales campaigns that help to sell the products. INR 7.12 LPA
    Brand ManagerA Brand Manager job role revolves around various things. They control and manage all the ways that particular brand is exposed to the public, and also help drive advertising and marketing initiatives.INR 10.36 LPA
    Visual MerchandiserA visual merchandiser is responsible for designing and developing the visual look of a retail store and the merchandise being sold.INR 4.15 LPA
    Export Sales ManagerAn Export Sales Manager is responsible for generating and enhancing the sales of different products and merchandise products in other cities, states or countries.INR 6.28 LPA
    Business Development ExecutiveBDOs are responsible for bringing an executing business for the company in which they are employed. INR 3.2 LPA
    Apparel MerchandiserAn Apparel Merchandiser is an important person for a buyer and an exporter, whose main responsibility is to execute the orders perfectly as per the costing and pricing.INR 5.21 LPA
    Design ManagerA Design Manager is responsible for overall operations and function of a fashion company or consultancy. INR 11.43 LPA

    Read More:  More About Master of Fashion Management Jobs & Salary

    Salary Trend Graph

    Common Job Positions after doing Master of Fashion Management

    Source: Payscale

    Similar Courses: 

    MBA Fashion ManagementMBA Fashion Design Management
    MFM Future Scope

    MFM Future Scope

    Master of Fashion Management is considered to be one of the best courses that yields diverse job opportunities in various fields.

    Most of the students opt for manager positions in sectors such as retail, merchandise, marketing, sales, etc. but few also become fashion designers and manage their business or company.

    The average MFM salary after completing masters in fashion management is around INR 4-8 LPA. In major metropolitan cities like New Delhi, Mumbai, etc. after getting fiem experience in a similar role, you can get upto INR 12-15 LPA or even more.

    In terms of higher education, not many students prefer to study further as in the fashion industry experience is given much more preference than education.

    But still students can go for PhD in Fashion Design since it is considered to be the highest degree in the field of fashion, and you can become an expert in a particular aspect of fashion, like fashion management, recycling, merchandising, etc.

    MFM: FAQs

    MFM: FAQs

    Ques. What is Master of Fashion Management?

    Ans. Master of Fashion Management is a 2 year management program in the field of fashion industry, in the areas of marketing, merchandising, retailing, supply chain management, and garment exports, etc.

    Ques. Which NIFT is best for MFM course?

    Ans. The course curriculum and objective of the program is same in all the NIFT institutes, but reputation wise NIFT Delhi is considered to be one of the best options to pursue Master of Fashion Management course.

    Ques. Is Fashion Management a good career?

    Ans. There is an utmost need of skilled professionals to meet the increasing demands of professionals in the fashion industry, Therefore, the number of jobs and positions in this field will increase to double by 2025. In terms of career growth, the opportunities are numerous. The average salary that you can get after MFM course is around INR 3-8 LPA.

    Ques. What is Master of Fashion Management NIFT Eligibility?

    Ans. Students can pursue MFM degree only if they have completed their graduation in any stream. Diploma holders of 3 years from NIFT are also eligible to apply for this course.

    Ques. What is Master of Fashion Management NIFT Fees?

    Ans. The average fees of MFM is around INR 4,50,000 for a total of 2 years.

    Ques. Will there be any delay in the Admission process of NIFT for MFM degree due to COVID 19?

    Ans. There might be a delay in the GDPI round, but there is no official information as much yet conveyed by the institute.

    Ques. What are the changes in the MFM course in NIFT because of COVID 19?

    Ans. There are no changes as such which are conveyed by the authorities. The first session is suppose to start as

    Master of Fashion Management [MFM] Fee Structure in India


    4.54 L (Minimum Fee)PUBLIC COLLEGES5.66 L (Maximum Fee)
    4.7 L (Average Fee)
    4.75 L (Minimum Fee)PRIVATE COLLEGES4.75 L (Maximum Fee)
    4.75 L (Average Fee)

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