Updated On - January 5th, 2019

Sakshi Gupta

Content Curator

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

Master of Management Studies 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 of 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 of Management Studies [MMS] are as follows:

• Indian Institute of Management, Gujarat
• Indian Institute of Management, Bangalore
• ITM Business School Kharghar, Mumbai
• National Institute of Industrial Engineering, Mumbai
• Management Development School, Haryana

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:

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

Masters 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.

Masters 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. The 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 offering

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

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 (puT)
• Management Aptitude Test (MAT)

Master of Management Studies: Syllabus and Course Description

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

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.