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:
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.
Given below are some of the main highlights of the course:
|Course Level||Post Graduation|
|Duration of the Course||2 years|
|Examination Type||Semester and Annual|
|Admission Process||Entrance exam and Merit Based|
|Average Course Fee||INR 5,000 to 15 Lacs|
|Average Starting Salary||INR 3 to15 Lacs|
|Top Recruiting Companies||McKinsey & 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 Areas||Banks, Business Consultancies, Brand & Marketing, Non-profit Organizations, Personal Business, Educational Institutes, Export Companies, Financial Organizations, Industrial Houses, Multinational Companies etc.|
|Top Job Positions||Investment Banker, Hedge Fund manager, Project manager, Management consultant, Business Manager, Account Manager, Brand Manager, Card Payments Operations Head, Equity Research Analyst etc.|
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.
Given below are some of the top institutes in India that offer the course:
|NAME OF INSTITUTE||CITY||AVERAGE ANNUAL FEES|
|Indian Institute of Management||Gujarat||INR 5,90,000|
|Indian Institute of Management||Bangalore||INR 7,00,000|
|ITM Business School Kharghar||Mumbai||INR 4,60,000|
|Indian Institute of Management||West Bengal||INR 5,30,000|
|Symbiosis International University||Pune||INR 2,80,000|
|Indian School of Business||Telangana||INR 15,000|
|School of Inspired Leadership||Haryana||INR 2,90,000|
|Indian Institute of Management||Lucknow||INR 5,00,000|
|Amrita Vishwa Vidyapeetham||Coimbatore||INR 4,11,000|
|University of Delhi||Delhi||INR 10,00,000|
|Indian Institute of Management||Kerala||INR 9,50,000|
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.
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:
A semester-wise breakup of the course’s syllabus is tabulated below.
|Semester I||Semester II|
|Perspective Management||Legal and Tax Aspects of Business|
|Financial Accounting||Cost & Management Accounting Economic|
|Managerial Economics||Environment of Business|
|Operations Management||Operations Research|
|Organizational Behavior||Human Resources Management|
|Business Mathematics||Research Methodology and Fundamentals of MR|
|Information Technology for Management||Management Information Systems|
|Communication Skills||Financial Management|
|Marketing Management||Marketing Applications and Practices|
|Electives (can select 2 electives from the list)||Electives (can select 2 electives from the list)|
|Selling & Negotiation Skills||Decision Science|
|High-Performance Leadership||Managerial Process Skills|
|Indian Ethos in Management||Analysis of Financial Statements|
|Corporate Social Responsibility projects||Foreign Languages (German, French, Japanese)|
|Semester III||Semester IV|
|Marketing Strategy||Project Work|
|Integrated Market Communications||-|
|Consumer Buying Behaviour||-|
|Market Research Applications||-|
|Sales Management & Sales Promotion||-|
|Distribution & Supply Chain Management||-|
|Product & Brand Management||-|
|Human Resource Planning and Human Resource Audit||-|
|Database Management Systems||-|
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.
|JOB POSITION||JOB DESCRIPTION||AVERAGE ANNUAL SALARY|
|Business Consultants||Business 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 Manager||Finance 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 Manager||Human 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|
|Teacher||Teachers 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|
|Researcher||Researchers 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|