Master in Management Studies (MMS) is a postgraduate course of 2-years which consists of a total of 4 semesters and is pursued by those candidates who wish to develop their career in the field of Management. The course syllabus imparts knowledge of various management fields such as Financial Accounting, Business Ethics and Statistics, Operations Management, etc.
Candidates wishing to pursue master in management studies must have completed their graduation with a minimum aggregate of 50% marks in any field most preferably in Management. Also for admission to some of the top colleges, aspirants need to qualify the entrance exams such as CAT, MAT, SNAP, etc. conducted at National or State level. Check MBA Full Form
Check: MMS Admission Process
IIT Bombay, ICFAI Foundation for Higher Education, K J Somaiya Institute of Management Studies and Research, SRM Institute of Technology are some of the best renowned and top colleges in India offering the master in management studies. The fees for the course may vary from college to college but the average fees range between INR 50,000 to INR 10,00,000.
See more: Management Courses After 12th
After the completion of the course, there is a wide range of career building opportunities for the graduates in this field. Graduates can find highly paid and lucrative job opportunities in public and private sectors. Some of the top recruiters include Bharti Airtel, Tata Motors, Zycus and many others where one can work as Brand Manager, Management Consultant and other high profile positions. The average annual salary post completing the course is INR 3,00,000 to INR 8,00,000.
Check: Top Management Colleges in India
Table of Content
2.1 Why Study?
3.1 Eligibility
3.2 Admission 2023
3.3 Entrance Exams
4.1 Full-time
4.2 Online
5.2 Top Colleges
8.1 Top Job Profiles
8.2 Top Recruiters
Master in Management Studies: Course Details
| 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 |
About Master in Management Studies
- master in management studies (MMS) is a postgraduate course for applicants of 2-years which includes four semesters in it.
- The course gives the opportunity to individuals to explore the management world. Their approach to business education is more theoretical compared to any MBA student.
- MMS guides give specialization in commercial enterprise characteristics you might be inquisitive about consisting of marketing, consulting and finance.
- master in management studies provide a deep knowledge of management to the students, also the scope after completing the course is so vast that one can easily build a good career in this field.
- Graduates in this field have an excessive demand among recruiters. It provides opportunities to individuals to study or work abroad.
- The fees of the course can vary from colleges to colleges, the average course fees is around INR 50,000 per year if pursued from government colleges and it can go upto INR 10,00,000 per year for a high standard private college.
Why Study Master in Management Studies?
- Master in Management Studies offer diverse opportunities in various unique profiles such as Account Manager, Business Manager, Brand Manager and many more.
- Master in Management Studies helps the students to gain in-depth understanding of project management and business statistics.
- Post completing the course candidates will land a better job with higher pay package and better management position.
- MMS course is a fantastic networking opportunity given faculty and industry exposure in a curriculum.
- MMS courses are generally cheaper than MBA courses thus giving you specialization at lower cost. It costs around INR 50,000 to 10,00,000 per annum while an MBA course can cost you around 20,00,000 per annum.
- Due to international partnerships between top enterprise schools and agencies, graduates can expect a high profile job not only in India but also in foreign countries as well.
Also Check: Diploma in Event Management
Master in Management Studies: Admission Process
The Masters in Management Course or MMS course admission process is done through merit based as well as entrance examination based. Most of the popular colleges/universities offer admission to the students based on the scores obtained by a candidate in entrance exams conducted at a national/ state or university level while there are few colleges which grant admission based on merit-based that is on the basis of 10+2 scores of a candidate.
For entrance examination based admission, candidates after qualifying the entrance test may also be required to face Group Discussion or Personal Interview rounds and Documents Verification round after which admission is finally offered to the candidate.
MMS Course: Eligibility Criteria
Students who wish to enroll in the Masters in Management course must meet the following minimum eligibility requirements:
- Candidates willing to pursue Masters in Management must have completed their 10+2 from a recognized board.
- Aspirants must have secured a minimum aggregate of 55% aggregate marks in their bachelor's degree or more to be eligible for the course.
- Candidates must have completed their bachelor's in any field from a recognized University.
- There is a 5% relaxation in the minimum aggregate marks for the candidates belonging to reserved categories (ST/SC).
- Candidates may also be required to qualify the entrance exam conducted at national/ state level or conducted by the University.
MMS Course: Admissions 2023
Mentioned below is the common admission procedure followed by the major colleges and universities to enroll students for the Master in Management Studies course:
- To apply for admission candidates are required to visit the official websites of the respective colleges and click and get into the admission section.
- Then the students are supposed to fill in the admission form by providing details such as name, address, age, UG grades, parents/ guardian’s name, marks secured in 12th, upload photographs, etc.
- After that students are required to pay the required application or registration fees through any payment method.
- There are two ways by which colleges or universities take admission i.e., Merit-based and Entrance-based. So, if the college or university intake students on a merit basis, students are selected based on their marks 10+2 examination.
- The other way is that some colleges/ universities use entrance exams for the selection of the students. Aspirants must score good grades for the smooth admission into the college/ university.
- The results for the entrance exam will be published on the official website of the respective college on the mentioned date.
- Candidates may also be required to face Group Discussion or Personal Interview round followed by a Document Verification process.
- After the selection, students are required to pay the fees, submit the necessary documents to the college and confirm their admission.
MMS Course: Entrance Exams
The table below shows some of the popular entrance exams which an aspirant need to qualify for admission to master in management studies course:
| Exam Name | Registration Date | Exam Date |
|---|---|---|
| CAT | August 3 – September 21, 2022 | November 27, 2022 |
| MAT (February Session) |
December 27 – February 14, 2023 (PBT Mode) December 27 – February 21, 2023 (CBT Mode) December 27 – February 27, 2023 (CBT Mode) |
February 19, 2023 (PBT Mode) February 26, 2023 (CBT Mode) March 04, 2023 (CBT Mode) |
| SNAP | August 04 - November 24, 2022 | December 10, 18, and 23, 2022 |
| XAT | August 10 – December 12, 2022 | January 08, 2023 |
| ATMA | December 26 – February 18, 2023 | February 25, 2023 |
Check out: CAT sample paper
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 |
Also Check: Certification courses in Event Management
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 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 |
Check out:
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 |
Also Check out: How to become an Brand Manager?
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.
- Students should opt for MBA after the MMS if they want to gain some practical knowledge along with theoretical knowledge.
- Doing an MBA after MMS can also boost their salary as an MBA graduate gets more salary than an MMS graduate.
- MMS graduates could also do pHD after its master's completion.
master in management studies: FAQs
Ques. Does an MMS degree provide you with a distance education mode?
Ans. Yes
Ques. What are the jobs you can get after completing MMS?
Ans. Managers consultant, Bank Manager, Brand Manager , Finance Manager and so on
Ques. What is the structure of the fees of an MMS course?
Ans. The fee shape of MMS has decreased considerably compared to the PGP or PGDM programs. The training charge of the important B-faculties supplying MMS software varies from Rs 2,00,000 to Rs 6,00,000. The charge amount can also vary from institute to institute however the variety of fee is possibly to be around Rs 10,00,000.
Ques. Does the Course have any entrance exam?
Ans. MMS admissions are provided through front assessments like CAT, CMAT, and others. As a end result, if you wish to enrol inside the MMS operations programme, you must put together properly for the entrance exams
Ques. Which is better: MMS or MBA?
Ans. Because the MBA is a properly-diagnosed diploma and acknowledged to help students at ease some of the high-quality jobs in the international area effortlessly, it usually has a higher tuition charge than MMS. In reality, quite a few students who cannot have enough money in MBA programs choose MMS instead as a cheaper opportunity.
Ques. How to get admission in the course?
Ans. Firstly, the candidate has to fulfil the eligibility criteria after which he or she can apply for the entrance examination. The candidates qualifying the examination and interview are the ones who are eligible for the admission.
Ques. What is the eligibility criteria for admission?
Ans. Students must have their graduation degree with a minimum marks in graduation 50%.The degree should be government authorised.
Ques. How to get admission Abroad for the MMS course?
Ans. To get admission to the Abroad colleges/universities one must fulfill the eligibility requirements set by the college or university for the course. Apart from basic eligibility, candidates may also require to qualify the entrance exams and English Language Proficiency Test.
Ques. Which are the platforms that provide online education programs?
Ans. Xaviers Institute, Udemy and edX are some of the popular institutions or online platforms that offer the course through online mode.
Ques. What are the minimum fees of the course?
Ans. The minimum fees for the course vary from college to college, the average annual fees for the course is INR 50,000 which is the minimum fees which you have to pay in order to attain an MMS degree.
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