MPhil in Management Studies: Course Details, Eligibility, Admissions, Colleges, Jobs & Salary 2021

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Bhawna Vedwal

University Data Specialist

Alert: MPhil will no more be a bridge between Master’s and PhD in India, as it is going to be discontinued as per NEP 2021

Master of Philosophy (MPhil) in management studies, is a one year post-graduation course in the management field. MPhil in Management Studies educates the aspirants to prepare for managing these important sectors.

The course is an intermediate Degree between the first Post-Graduate Degree and the Doctorate Degree. MPhil in Management Studies course educates the students to learn the inner aspect of business and manage resources to produce the best output with the most efficiency. 

Aspirants who have scored at least 55% of marks in Master's degree in their respective field are eligible for this course. The students who have qualified CA/ ICWA/ ACS are also eligible for this course.

The admission process is based on the candidates performance in the entrance exams followed by the personal interview. The average annual fees ranges between INR 20,000 to 2,00,000 depending on which college they choose.

After the successful graduation in MPhil in Management Studies, graduates will have numerous job opportunities like the job positions as manager, economist, consultant, human resource management, finance analyst, etc. The graduates can even opt for higher education or attend campus recruitment processes related to the management field with INR 5 to 7 LPA average salary.

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MPhil in Management Studies Course Highlights

Course Level Post Graduate and Pre doctorate or Diploma
Full-Form Master of Philosophy in Management
Duration 1 year
Examination type Semester
Eligibility Second class in Master's degree in respective subjects and at least 55% score in post-graduation
Admission Process Aptitude based entrance exam followed by Viva voice and personal interview.
Course Fee Varies from INR 20,000 to INR 2,00,000
Average Salary INR 5,00,000 to INR 6,00,000
Top Recruiting Companies Private firms, Public sectors,  corporate enterprises and academic corporations 
Job Positions Economist, consultant in management, financial analyst, human resource management, professors or researchers

MPhil in Management Studies Eligibility

  • The aspirants should have passed in second class in Master's course in a related subject.
  • The students need to score at least 55% from a well recognized college or university in a related subject.
  • The students who have qualified in exams like CA or ICWA or ACS are also eligible.

MPhil in Management Studies Admission Process

Students are required to apply for various universities offering the MPhil in Management Studies course. Each college has separate methods for conducting the exams and selection process. All the entrance exams are based on general aptitude, subjective questions and the students who score the minimum cutoff will have to attend an interview. 

The registration and scheduling of entrance exams varies depending upon each state government or university which conducts the exam. So students are advised to visit the official website of the entrance exams. Based on the score obtained in the entrance test, a final merit list of qualified students will be prepared.

MPhil in Management Studies Entrance Based Admission

  • Visit the official website of the entrance exams you want to apply for.
  • Fill the application form and upload all the required documents.
  • Pay the registration fees and save the confirmation page for future reference.
  • Only qualified candidates will be eligible for the interview round.
  • After final selection, candidates can pay the tuition fee to complete the admission process.
Top Colleges

MPhil in Management Studies: Top Colleges

Some of the top MPhil Management Studies colleges are listed below along with their respective admission process and annual fees.

College Name Admission Process Average Annual Fees
Karunya School of Management, Karunya University - [KSM] Merit based and entrance based INR 41,000
RKDF University Merit and Entrance based INR 90,000
Monad University Merit and Entrance based INR 24,500
DY Patil University Entrance based
Jamal Mohamed College Entrance based INR 17,200
CMJ University Entrance based INR 1,45,000
CU Shah University Entrance based INR 58,500
MATS School of Management and Studies Entrance based INR 75,000

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How to Get Admission in a Good College?

  • MPhil in Management Studies is a Postgraduate level course where students have to perform research on their respective subjects. Some good colleges offering the course are Jawaharlal Nehru University, Jamia Millia Islamia, Tata Institute of Social Sciences, Pondicherry University etc. 
  • All the above mentioned colleges conduct entrance exams on their own. So students need to check the exam dates and patterns.
  • Students aspiring to join a good college for MPhil need to have great interest and knowledge for their respective subjects. 
  • They should also possess a few basic skills like reasoning ability, analytical ability, good observation, knowledge of research, organisation skill, motivation, dedication and good aptitude.

Why this Particular Course?

  • Students often like to go for a Masters in Philosophy instead of studying PhD. MPhil is a one year course in some universities. 
  • In many countries, MPhil includes rigorous research and curriculum in the respective fields. This acts as a prerequisite for a PhD course. For some subjects (humanities, for example), MPhil is considered the highest level in a Master's degree.
  • If any student does not have the financial capability to offord PhD but wants to pursue a research oriented program, then MPhil in Management Studies is the best option. 
  • Some students have a personal interest in research, and they can get trained by professionals for research by undertaking a Masters in Philosophy.
  • Some universities encourage the students to take a Masters in Philosophy before going for a PhD. Based on their performance, those students will be promoted to pursue a doctorate.
  • Students who are facing problems in their research like research is not going well, or requires more resources, then MPhil is the best one. This is because it trains students to develop their soft skills, problem solving ability, verbal and written communication ability, presentation skill, analytical and critical thinking ability.
  • After the successful completion of the course, students will be hired by top enterprises to work in positions like researcher, professor, manager, analysts and many more honourable designations.

MPhil in Management Studies: Course Advantages

Through MPhil in Management Studies, students are given rigorous training to gain knowledge on every aspect of different sectors from a managerial perspective. 

  • Their skills will be improved to analyse symmetrically for finding any efficient solution to a problem in the respective sector. 
  • By the end of the course, students will be ready to take on any problem, finding the root of the trouble and speculating an effective measure. 
  • That's why almost every type of enterprise wants them in at their workplace.
  • Apart from the regular subjects of MPhil course, this learning program also prioritises computer, communication, and pedagogical ability. 
  • These things prepare the students so that they will be able to act independently, guiding them to become independent researchers and economists.

MPhil in Management Studies: Course Comparison

MPhil PhD
MPhil (Masters of Philosophy) is a preliminary step before a research program. PhD (Doctor of Philosophy) is the ultimate degree for any research aspirant.
Duration of MPhi course is 1 - 2 years. Duration of PhD course ranges from 3 - 5 years.
Studied after post graduation and before doctorate courses. Studied after post graduation courses.
MPhil MSc
MPhil (Master of Philosophy) is mainly a research-oriented course. MSc (Master of Science) is more of a theory-oriented program.
Duration of MPhi course is 1 - 2 years. Duration of MSc course is 2 years.
Students have to focus on mastering one particular subject. Students have to study diverse topics related to the subject.
Post graduation course and studied after the completion of graduation. Post graduation course and studied after the completion of graduation.
MPhil (Masters of Philosophy) is a preliminary level research-oriented course. MBA (Masters of Business Administration) can be studied only after graduation or post-graduation.
Students need to perform rigorous research work on the respective subject. Students have to focus only on the course work.
Duration of MPhi course is 1 - 2 years. Duration of the MBA course is 2 years.
Students gain in-depth knowledge on their respective subjects and are even able to teach others. Students gain enough knowledge to manage resources in corporate firms.

MPhil in Management Studies Distance Education

  • MPhil in management studies involves intense training to be knowledgeable to perform research work on respective subjects. So sometimes, it's not recommended to opt for a distant learning or part-time course for the Master of Philosophy program.
  • If some unavoidable circumstances lead to undertaking a Master of Philosophy in Management Studies as a distant learning course, then here is the list of some colleges which offer distance learning for MPhil courses.
College name State District
Acharya Nagarjuna University Andhra Pradesh Guntur
Convergence Haryana Gurgaon
Dr. B R Ambedkar Open University Andhra Pradesh Hyderabad
E F L University Andhra Pradesh Hyderabad
Himachal Pradesh University Himachal Pradesh Shimla
Karnataka State Open University Karnataka Mysore
Mother Teresa Women's University Tamil Nadu Dindigul
Netaji Subhas Open University West Bengal Kolkata
University of Madras Tamil Nadu Chennai

MPhil in Management Studies Syllabus

Semester I Electives
Research Methodology Financial markets and derivatives
Strategic Management Advanced marketing management
Advances in Management International human resource management
Semester II Latest trends in OB and HRM
Dissertation Management economics
- Strategic development

MPhil in Management Studies Books

Name of the book Author
Macro Economics, Theory and Application G.S. Gupta
Managerial Economics Attmanand
Managerial Economics, Theory and Application Mithani D M
Managerial Economics, an Integrative Approach Mark Hischey
Introduction to Organisational Behaviour Moorhead and Griffin
Organizational Behaviour Meenakshi and Arun Kumar
Essentials of Human Resource Management P S Rao
Human Resource Management D K Tripathi
Financial Institutions Edminster R D
Financial Institutions and Markets Meir Khan
Fundamentals of Marketing William J Stanton
Marketing Management Arun Kumar and Meenakshi
Operation Research- Theory and Applications J K Sharma
Operation Research Anand Sharma
Job Profile

MPhil in Management Studies Job Prospects and Career Options

The Master of Philosophy course educates the students how to perform research work, how to gain critical thinking, problem solving, positive aptitude abilities to work as individual advisors and contribute to development of any sector.

  • After achieving the degree of Master of Philosophy in management, students can opt for further studies like PhD in Philosophy. After successfully completing the research, they can appear for national level exams to work as assistant professor in universities and colleges.
  • If the students want to work as Freshers, they can work in areas like Social and Health sector, public sector, social personal or community service, administration, research center, academic sector etc. 
  • Graduates can take up various job roles like ethics advisor, social worker, teacher or professor, administrator, interviewer and many more after graduation.

MPhil in Management Studies Job Profiles with Description

A few of the numerous job profiles are listed below along with the respective average annual salary.

Job Profiles Average Annual Salary
Economist INR 7 to 15 LPA
Management Consultant INR 8 to 15 LPA
Human Resource Manager INR 4 to 7 LPA
Finance Analyst INR 3 to 6 LPA
Academic Processor INR 3 to 6 LPA
Researcher INR 5 to 8 LPA
Future Scope

MPhil in Management Studies Future Scope

Graduates who successfully completed the Master of Philosophy course have a vast range of scopes available in research, academic, private and government sectors.

  • In government sectors, MPhil Freshers are invited to work as professors and teachers in school colleges operated by the government. Many government research companies also hire them as an analyst or advisor.
  • MPhil graduates are hired as professors for private colleges, advisors or consultants or managers in private companies in private sectors.
  • Graduates can also attend a specialisation course after Masters of Philosophy, they can undertake Moral Philosophy, Aesthetics, History of Modern Philosophy and perform advanced research in these fields.

MPhil in Management Studies FAQs

Ques. What is the duration of MPhil in Management Studies course?

Ans. MPhil in Management Studies is a full time course with a duration of 1 year.

Ques. When will the admission process of MPhil in Management Studies start?

Ans. The admission process of MPhil in Management Studies starts usually in the month of October and February.

Ques. Is part time work allowed while pursuing MPhil in Management Studies?

Ans. Part-time jobs are not allowed in full-time MPhil in Management Studies.

Ques. What are required for the admission in MPhil in Management Studies?

Ans. For a full time MPhil in Management Studies course, you need to complete the master’s course in a relevant subject.

Ques. Is work experience required for MPhil in Management Studies?

Ans. Work experience is not mandatory but students with previous experience are also welcome for the MPhil in Management Studies.

Ques. How to get admission for an MPhil in Management Studies course?

Ans. Fill-up the admission form for MPhil in Management Studies in your interested renowned colleges, appear for their entrance exams, score good marks and get admission.

Ques. Is the MPhil in Management Studies course difficult to study?

Ans. If a candidate is good in the particular subject in undergraduate level, then MPhil in Management Studies is not too difficult.

Ques. Is an MPhil course mandatory for PhD?

Ans. An MPhil course is not mandatory before going to PhD. However one can pursue PhD which is higher level than MPhil after completing it.

Ques. How to become a professor after completing MPhil in Management Studies?

Ans. You have to appear for the SET or NET exam and qualify to teach in a UGC approved university or college. However, MPhil is not mandatory to appear for these national level exams.

Ques. Can I switch to PhD from MPhil?

Ans. Yes you can after scoring high performance in MPhil where MPhil and PhD Integrated courses are taught.

M.Phil. (Management Studies) : 4 answered questions


Ques. What is the cost of doing FPM in ISB Hyderabad?

● Top Answer By Keshav Jindal on 26 Mar 21

Ans. It is to be cleared first that the FPM course is completely equivalent to a Ph.D degree. It takes approximately 4-5 years to complete, along with accurate learning and research work. The fact is that ISB generally pays Rs. 40000 as a stipend along with House Allowances to the candidates who are doing FPM on a full-time basis. Thereby you are not required to pay anything from their own pocket, but they can earn 40 thousand per month. However, the most important thing is that FPM requires accuracy to complete the study without spending money. So, you have to study with full accuracy, and earn support from this institute to carry on your personal and family expenses. You have to enroll as a full-time candidate and should not have any other source of income.  If you have any other second income, then it will not work. After completing this program, the student will get unlimited rewards, considering their knowledge and income.Read more
1 Answer

Ques. Is Amity University Noida good for part-time PhD in Management?

● Top Answer By Vikas Hariharan on 23 Feb 21

Ans. One of my friends suggested that nothing is bad in Amity University Noida. Especially talking about the management specialization in this college, it is much better over here. For a full time PhD in Management you can surely opt for it at Amity.  You can also choose part time PhD but they mention that in the certificate too. Because of this the students choose to do part time PhD from other private universities as after completing the PhD for 4 years when a student gets a tag like that then it may create a bad impression for the candidature of the student. This information is also not mentioned by them in the website and at their advertisements for PhD programs. But Amity being a good college you will get a lot of opportunities over there and if you are smart enough then you will definitely be able to make your career on that. Since the faculties are very good, you will definitely get good support from them in your research work and with your talent and hard work you will definitely be able to reach your goal. If you are looking for better options then you should prepare for UGC NET. After completing UGC NET exam you will definitely apply for PHD in government colleges. Since this examination is conducted 2 times in a year you have a better chance and time for preparation as well. And after completing PhD from government colleges you will be having more chances in getting a job at Government College. But since this is a competition, anything can happen so people choose private universities for PhD programs. If you want to do a PhD program from Amity then you should always choose for a full time PhD program or if you want to do a PhD as part time then you can choose any other private university.Read more
1 Answer

Ques. How can an IPM student get admission for FPM at IIMA?

● Top Answer By Neha Uniyal on 19 Feb 21

Ans. FPM programs at some of the older IIMS are quite rigorous and you could essentially compare them with other programs globally. It is believed they are better than most PhDs at Indian universities. But, you will definitely find better options than only IIM Ahmedabad. The admission process is quite tough. You will be expected to have really competitive scores in CAT or GMAT with an aptitude for research. Additionally, you will also have to apply to concentrated areas like finance and marketing. The interviews are also quite tough and they will test you on the basis of aptitude, prior publications, knowledge including both empirical and theoretical data as well as the consistency of your academic scores. Questions are asked from anywhere on the topic of your interest. You have to prove that you have a good command of theories and facts, a good ability to connect data and to apply theoretic reductions, and at the same time, be precise and complete. You need to first and foremost have a post-graduate degree with at least 55% aggregate. This degree could be MA, MSc, M. Com, M.C.A or even MBBS. You can even substitute giving the CAT with GMAT, UGC, GRE JRF, and CSIR. Be ready to pay an average fee of INR 10 lakhs at least. The starting monthly stipend is INR 32,800. It probably should help you recover some part of the fee you are paying. What is good is that if you are a PGP from any IIM, you are likely to receive a CAT score waiver.Read more
1 Answer

Ques. How is the FPM program of IIM Rohtak?

● Top Answer By Deepika Kunwar on 04 Nov 20

Ans. Indian Institute of Management Rohtak is among the top B-schools in the country. IIM Rohtak has been ranked 21st by NIRF 2020. The Institute offers various programs that include 2 PG programs, 2 Fellowship programs, and various executive training programs. IIM Rohtak offers a part-time, non-residential fellowship program in management. FPM is specifically designed for working professionals who want to pursue research in management. The grand total fees for completing FPM at IIM Rohtak is INR 6 lacs. Admissions: For admissions in FPM, the requirements include having a PG degree or equivalent in any discipline with at least 55% marks or equivalent CGPA. Alternatively, The applicant may also have a four-year bachelor's degree with at least 6.5 CGPA or equivalent. The candidates need to have a valid score in CAT/GMAT/GRE/GATE. The candidates need to appear for the Research Aptitude Test conducted by IIM Rohtak. Admission to FPM courses is based on academic qualifications, performance in management exams, personal interviews, and work experience. The application fee is INR. 1000/-. Scholarships: IIM Rohtak offers fellowship to the participants of FPM. For the first two years, students are given INR 30,000 and for the next two years an amount of INR 35,000 is provided. A contingency grant of INR 1,85,000 is given to all students distributed across all four years of the program. Students who have participated in the national level or international level of any sports can also apply for Sports Scholarships.   Placement: Indian Institute of Management Rohtak had achieved a 100% placement record for the batch of 2018-20. 86 recruitment companies visited the campus. The highest salary offered was 24 LPA and the average salary offered was 13 LPA. The IT industry had the most number of placement offers. IIM Rohtak had also witnessed 100% placement for summer internships. The major recruitment companies included Amazon, Bain capability network, Lenskart, Infosys, etc. The course is diverse and brings in plenty of opportunities. The above-mentioned facts will help the student to guide and take the decision about attending IIM Rohtak for an FPM.Read more
1 Answer

M.Phil. (Management Studies) Fee Structure in India

7 K (Minimum Fee)PUBLIC COLLEGES1.45 L  (Maximum Fee)
36.58 K (Average Fee)
14.30 K (Minimum Fee)Private COLLEGES75 K (Maximum Fee)
41.75 K (Average Fee)

M.Phil. (Management Studies) Fee Structure By state

Tamil Nadu

17.30 K
20 KPrivate COLLEGES72 K
40 K


malay karmakar
Mphil in management at govt college
Mrittika Mallick

There are a number of government colleges in India that offer M. Phil courses in Management. Some of the top colleges are – Christ University, Bangalore, Indian Institute of Social Welfare and Business Management, Kolkata, Institute of Management Studies, Sathyabama Institute of Science and Technology, Chennai, and many more. The eligibility criteria for this course are a Master's degree in a related subject, at least 55% from a well-recognized college or university in aggregate, and qualified students of CA, ICWA, or ACS are also eligible. To find out more, click on the link MPhil in Management Details.