M.Phil. in Management is a post graduate program in management studies. Admission to M.Phil. Course shall be made on the basis of marks obtained in Master’s Degree Examination and the aptitude based entrance exam conducted every year.
The course is an intermediate Degree between the first Post-Graduate Degree and the Doctorate Degree.
Some of the Main institutes that offer M.Phil. in Management course are:
The fee for the course varies between INR 20,000 to 2,00,000 depending on the college in India.
Universities may also give more priority to students who have work experience in teaching and this preference shall be more based on the number of years of work experience either affiliated to the same university or other universities.
Students who have completed their graduation in the master’s degree with at least 55% marks in the relevant subject are eligible for admission. The students who have qualified for CA/ACS/ICWA are also eligible for the course.
Graduates of M.Phil. in Management have a wide range of job opportunities Management consultants, economists, finance advisor's, Human resource manager etc. The opportunities are not limited to the said fields. Once completed, the graduate may pursue further studies or may take up said job opportunities associated. The average salary for an M.Phil. in Management is between INR 5 and 7 LPA.
|Course Level||Pre - Doctorate|
|Duration of the Course||1 Year|
|Eligibility||Second class Master’s Degree in relevant subject. 55% in relevant post graduate degree.|
|Admission Process||Entrance exam based followed by interview|
|Course Fee||Between INR 20,000 and 2,00,000|
|Average Salary||5 – 6 LPA|
|Top Recruiting Companies||Public, private sectors, corporate firms and educational firms|
|Job Positions||Management consultants, economists, finance advisor's, Human resource manager, researchers/ academic professors|
M.Phil. in Management program is designed for students aspiring for advanced research world leading to doctoral level. The course is suitable for students who are interested in research field, corporate firms and in education. The students would be trained for methodological competencies in research work. The program includes theory paper and a dissertation.
The course provides the students with knowledge and skills to think systematically for solving problems in the concerned areas. The study helps the students in gaining insight in identifying problems and handling the challenging tasks. Scope of jobs is maximum in the corporate sector and the education sector.
The course emphasis on computer applications, communication and pedagogical skills and would train the candidates to work independently helping those who become independent economists and researchers.
The aspiring candidates should have good communication and problem solving skills and should be result oriented.
|Name of the Institute||Location||Total Fees(INR)|
|Xavier’s Labour relations Institute (XLRI)||Jamshedpur, Jharkhand||1.88 Lacs|
|University of Delhi, Faculty of management studies||New Delhi||10000/-|
|IIM Kozhikode||Kozhikode, Kerala||1.8 Lacs|
|Indian Institute of foreign trade||New Delhi||1 Lac|
|Management development Institute (MDI)||Gurgaon||2.04 Lacs|
|Narsee Monjee Institute Of Management Studies - [NMIMS University]||Mumbai||57000|
|Department Of management Studies (DOMS), IIT Madras||Chennai||11900|
|Vinod Gupta School Of Management||Kharagpur||19400|
|Department of management studies, IIT Delhi||New Delhi||35700|
The admission for the course is through entrance examination based on aptitude test, subject knowledge and personal interview. Each University has its own admission test which can be looked up on the University’s portal.
The one year of study is divided into two semesters and each of the semester has either theory or practical. The syllabus varies with the specialization we wish to opt.
|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|
Career prospects of M.Phil. in Management course are many depending on the level of expertise and inclination of practice. They find jobs ranging between a variety of fields like management consultants and academic professors. The average salary is between INR 5 – 6 LPA. The successful scholars can find jobs in public, private sectors, corporate firms and educational firms. The qualified students also find placements in global companies.
The job profiles for these positions range as management consultants, economists, finance advisors, Human resource manager, researchers/ academic professors.
The compensation and salaries for these individual jobs are very area specific depending on the further Education and the method of practice and also depend on expertise and level of operation.
|Job Profile||Job Description||Average annual salary|
|Management consultants||Consultants offer advice and expertise to organizations to help them improve their business performance in terms of operations, profitability, management, structure and strategy.||8 -15 LPA|
|Economists||Economists typically do the following: Research and analyze economic issues. Conduct surveys and collect data. Analyze data using mathematical models and statistical techniques.||7 - 15 LPA|
|Finance advisors||They are financial advisors whose job is to help their clients plan for their short and long-term financial goals. A financial advisor may provide investment, tax and insurance advice.||3 – 6 LPA|
|Human Resource Manager||HR managers can perform a variety of tasks in fulfilling their main responsibility, which is leading an organization's HR programs and policies as they apply to employee relations, compensation, benefits, safety, performance and staffing levels.||4 – 7 LPA|
|Researchers||Conduct organizational studies and evaluations, design systems and procedures, conduct work simplification and measurement studies, and prepare operations and procedures manuals to assist management in operating more efficiently and effectively.||5 – 8 LPA|
|Academic Professors||Teach courses in their subject area. Work with students who are studying for a degree or a certificate or certification or are taking classes to improve their knowledge or career skills. Develop an instructional plan (known as a course outline or syllabus) for the course(s) they teach and ensure that it meets college and department standards. Plan lessons and assignment||3 – 6 LPA|