Highlights
| Course Name | master in management studies |
| MMS Full Form | master in management studies |
| Course Type | Postgraduate |
| Duration | 2 years. |
| Examination Type | Semester-Wise. |
| Eligibility | Graduation in any discipline or equivalent from a recognized university. |
| Admission process | Entrance Exam based on their results. |
| Course Fee | INR 50,000 to INR 10,00,000 |
| Course Average Salary | INR 3,00,000 to INR 8,00,000 |
| Top Recruiting companies | McKinsey & Company,JP Morgan ,Boston Consulting Group, Merrill Lynch & Co, Philips India Ltd., ITC, Bajaj Auto, Infosys etc. |
| Job Position | Business Manager, Account Manager, Brand Manager, Project Manager, Management Consultant, Investment Banker, Equity Research Analyst, Card Payments Operations Head, Hedge Fund Manager |
Types of master in management studies Courses
master in management studies can be pursued in full-time as well as in part time education. The course is available in Regular or Distance Learning mode and Online mode. Most of the colleges/ universities offer the course in full time mode however there are few colleges which offer the master in management studies course through Distance Education Learning. The students can opt for any mode of learning depending upon the way which is convenient for them.
Full Time Course
master in management studies is usually available as a full-time course and states that the students are supposed to attend all the lectures for the course physically for the entire 2-years till their PG is completed. They’re even supposed to do all the project as well as assignment work and to give all the internal evaluation exams.
master in management studies focuses on the understanding and creation of the latest and modern designs and systems. Students are required to submit their projects based on their research in the same field.
Online Course
There are some popular online platforms such as Coursera, edX, Skillshare and many others. Apart from online platforms many foreign universities or colleges offer the online courses as well. Candidates can opt for the various popular online courses offered in the field of management. The enrollment for these online courses is very easy, aspirants just need to visit the official website of the course provided, select for their desired course and pay the fees.
Some of the popular online course in the field of management are given below in the table chart:
| Course name | Platform | Average Fees |
|---|---|---|
| Leadership and Management Courses | Coursera | Free |
| Online Management & Leadership Courses | edX | Free |
| Essential Business Courses | Harvard University | NA |
| Executive Program in Management | Columbia Business School | NA |
| Management Courses | Udemy | INR 1,776 |
Master in management studies: Distance Education
There are few colleges/universities that offer the master in management studies course through Distance Education Learning mode. Distance MMS courses provide individuals the opportunity to attain the knowledge in the course from their respective places. Job professionals who don't have regular time to attain classes can opt for distance courses. Their syllabus is exactly similar to a regular Masters in Management course.
MMS Distance: Admission Process
The course admission process is the same as the regular ones. The merit based selection process after passing the entrance test. Candidates should have their graduate degree from a government recognised college or university.
Top Colleges
| College/University Name | Average Fees |
|---|---|
| Indian School of Business Management and Administration, Bengaluru | INR 89,800 |
| Indian School of Management and Studies, Mumbai | INR 41,100 |
Master in management studies: Syllabus
master in management studies is a 2-years postgraduate course which is divided into 4 semesters. The course curriculum comprises several practicals and skills development concepts such as Strategic Management, Negotiation and Selling skills, Effective Communication Management etc. The syllabus of the course deals with the in-depth study of concepts and subjects such as Business Statistics, Financial Management, Human Resources Management, and many other important topics related to Management studies.
Master in management studies: Semester wise Syllabus
The below table provides a semester wise breakup of the course:
| Semester I | Semester II |
|---|---|
| Operations Management | Marketing Management |
| Business Statistics | Operations Research |
| Managerial Economics | Financial Management |
| Perspective Management | Human Resource Management |
| Effective and Management Communication | Legal Aspects of Business and Taxation |
| Financial Accounting | Business Research Methods |
| Information Technology for Management | Analysis of Financial Statements |
| Negotiation and Selling Skills | Entrepreneurship Management |
| Semester III | Semester IV |
| International Business | Project Management |
| Strategic Management | Final Project |
| HR | HR |
| Marketing | Marketing |
| Operations | Operations |
| Finance | Finance |
Master in management studies: Top Colleges in India
Some of the top colleges/universities in India which offer Master in Management Studies are given below in the tabular chart:
| College/ University Name | Average Annual Fees |
|---|---|
| IIT Bombay | INR 4,36,600 |
| ICFAI Foundation for Higher Education | INR 35,000 |
| K J Somaiya Institute of Management Studies and Research | INR 3,32,855 |
| SRM Institute of Technology | INR 3,48,250 |
| Jain University | - |
| Bharati Vidyapeeth Deemed University | INR 1,92,300 |
| Indian Institute of Science | INR 1,66,500 |
| Sydenham Institute of Management Studies and Research and Entrepreneurship Education (SIMSREE) | INR 69,000 |
| Indian institute of Science, Department of Management Studies | INR 1,66,500 |
| Xavier Institute of Management and Research | INR 2,60,000 |
| JBIMS Mumbai: Jamnalal Bajaj Institute of Management Studies | INR 6,00,000 |
| Prin L.N. Welingkar Institute of Management Development and Research (WeSchool) | INR 1,60,000 |
| Chetana’s RK Institute of Management and Research, Mumbai | INR 1,67,000 |
| N L Dalmia Institute of Management Studies & Research, Mumbai | INR 1,60,000 |
| IES Management College And Research Centre (IES MCRC) Mumbai | INR 1,60,000 |
| Department of Management Sciences University of Pune (PUMBA) | INR 1,36,000 |
| Dr. D. Y. Patil Institute of Management & Research (DYPIMR), Pimpri, Pune | INR 2,06,000 |
| IBMR Pune: ASM Institute of Business Management & Research | INR 1,36,000 |
| Vivekanand Business School (VBS) | INR 3,77,000 |
| Durga Devi Saraf Institute of Management Studies (DSIMS) Mumbai | INR 3,50,000 |
College Comparison
| Parameters | KJ Somaiya SIMSR, Mumbai | SIES College of Management Studies (SIESCOMS) |
|---|---|---|
| About the College (25 words) | KJ Somaiya SIMSR, Mumbai was established in 1971, it is a private autonomous business school affiliated to the University of Mumbai and approved by AICTE. It has also been accredited by NAAC as well as NBA. | SIES College of Management Studies (SIESCOMS) is affiliated to Mumbai University and it is approved by AICTE. The most popular course offered at the institute is PGDM with various specializations. |
| Entrance Exam Accepted | MAH CET or CAT/ XAT/ MAT or Somaiya Entrance Test (SET) | CAT/ MAT/ CMAT/MAH- CET/ ATMA |
| Location | Somaiya Vidyavihar University, Vidya Vihar East, Mumbai, Maharashtra 400077 | Sri Chandrasekarendra Saraswati Vidyapuram Sector-V, Nerul, Navi Mumbai, Maharashtra 400706 |
| Rankings | 28 by Indiatoday | 55 Indiatoday |
| Average Fees | INR 3,32,445 | INR 5,00,000 |
| Average Salary | Average Package -INR 9,80,000 Highest Package -INR 29,70,000 | Average Package -INR 7,14,000 Highest Package -INR 18,00,00 |
| Top Companies for placements | Accenture, ICICI, Amyway | Cipla, Amazon, Deloitte, Asian paints, HDFC, etc |
Master in management studies: Abroad
master in management studies abroad is also a 2-years postgraduate course, most of the students wish to complete their higher education from foreign colleges/universities because they offer better infrastructure and placement opportunities. To get admission to foreign institutions aspirants must fulfill the eligibility requirements for the course and possess all the essential documents.
For Admissions to the master in management studies course abroad, students have to appear in Graduate Record Examination (GRE). Verbal, mathematical, and analytical writing skills of a student are measured in such examinations. Some of the other popular entrance exams whose scores are accepted by almost all the top colleges/universities in the US, Australia, UK, Canada are GMAT, SAT, MCAT and LSAT.
In addition, most of these universities offer admission to students based on any of the English proficiency test scores, namely TOEFL or IELTS. Some of the popular colleges offering Master in Management Studies are given below:
| College/ University Name | Average Annual Fees |
|---|---|
| Frankfurt School of Finance & Management, Germany | INR 14,00,000 |
| University of St. Gallen, Switzerland | INR 5,40,000 |
| WHU Otto Beisheim School of Management, Germany | INR 28,00,000 |
| ESSEC Business School, France, and Singapore | INR 18,00,000 |
| ESADE Business School, Spain | INR 25,20,000 |
Master in management studies: Jobs
master in management studies is assuredly a lucrative option in terms of salary and job opportunities. The course provides high job prospects to the candidates. Graduates can find reputed and high profile jobs in various areas such as Banks, Commercial Enterprise Consultancies, Brand and Marketing, NGOs, Instructional Institutes, Export Groups, Monetary Agencies, Business Houses and MNCs.
Some of the top job profiles that a graduate of master in management studies can opt depending upon their interests, skills and knowledge includes Financial Analysts, Brand Manager, Project Manager and many others. The annual average salary post completing master in management studies is between INR 3,00,000 to INR 10,00,000.
Top Job Profiles
Some of the popular and high profile jobs are given below in the table along with their average salary and responsibilities.
| Job Profile | Job Description | Average Annual Salary |
|---|---|---|
| Financial Analysts | Financial analysts are responsible for tracking a company's financial performance, analyzing business performance and market conditions to make forecasts. They also play an important role in increasing productivity of an organization. | INR 3,92,000 to INR 9,12,000 |
| Brand Manager | Brand Managers are responsible for adoption of a brand strategy for the respective target audience. The Brand Managers are also responsible for creation of the promotional campaign that would help the company establish an exclusive brand image for the company. | INR 9,12,000 |
| Project Manager | Project Managers are responsible for planning, coordination and timely execution of the projects. Also they are responsible for the preparation of the budgets of the different projects, allocate resources and manpower to the different projects and keep the stakeholders in the loop about the progress in the projects. | INR 4,90,000 to INR 15,00,000 |
| Business Development Manager | Business Development Managers are the ones who set goals and develop plans for growth of business and revenue. They also research and implement new or perfect market initiatives to achieve the target goals for developing a business and revenue. | INR 4,00,000 to INR 8,00,000 |
Top Recruiters
On the successful completion of the course, students get employed with government or private organizations. The following table shows the list of top recruiting companies that hire graduates in master in management studies.
| Sutra HR | Vodafone |
| Bharti Airtel | Wipro Ltd. |
| Tata Motors | Zycus |
Master in management studies: Scope
The scope in the field of Management is so vast that post completing a master in management studies, it opens a door to a wide range of highly paid and professional job opportunities not only in India but also in foreign countries. Students can find a lot of high profile jobs in top-notch National as well as Multinational Companies (MNCs). After the successful completion of the course candidates can get an attractive and incomparable annual salary of around INR 60,00,000 or even more.
There is a leading growth and scope for graduates of Master in Management Studies, the demand for the professionals is rising day by day from the past few decades. Apart from opting a lucrative job, candidates can also go for higher education in the same field to boost their knowledge and enhance skills.
The Candidates Who Are Interested In Applying For The MMS Program Should Fulfill The Following Eligibility Criteria:
Master Of Management Studies Students Can Prepare Themselves By Learning The Basics Of Management. Master Of Management Studies Students Can Refer To Many Books On The Economy, Business, Finance To Review And Practice Technical Skills-based Questions. Students Can Follow Some Of The Tips Mentioned Below For Master Of Management Studies Course Preparation:
Knowledge Of The Exam Paper Pattern: The Essential Step In Preparing Well For The Entrance Exam Is A Deep-rooted Understanding And Comprehension Of The Paper Pattern And The Syllabus.
Enrolling In Coaching Institutes: A Coaching Class Or A Tutor Is A Bonus, Especially For Clearing The Entrance Exam. The Teacher Will Help A Candidate Focus On Weaker Zones And Aid In Practice And Comprehension Of Topics.
Practice Makes Perfect: Students Should Practice And Revise Before The Exam To Reduce Unnecessary Pressure One Day Before The Examination.
Why Study Master in Management Studies?
There Are Many Entrance Exam Available For Admission In The MMS Program. Candidates Who Are Going For Admission Will Have To Appear For Any Of The Exams In Order To Get Selected.
