Degree Course Type 

Masters

Entry Level Qualification 

Graduate

Degree Course Duration 

2 Year

Course Fields 

Management

Degree Course Entrance Exam 

CAT, NIFT GAT, CEED

Average Course Fee 

100000 - 325000 Per Year

Average Salary Offered 

300000 - 2000000 Per Year

Course Details 

As a two-year postgraduate course, it can only be pursued after having completed an undergraduate course of study. The prime objective of MFM is to inculcate managerial and leadership skills in order to prepare students for a highly competitive world in the fashion industry. Students can use the course to understand how art and design-related fields could reap economic and social benefits through management.

Course Highlights 

The major highlights of the course are as follows:
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About Course 

Master of Fashion Management is a marketing and management course in fashion and is commonly known as MFM. As a two-year postgraduate course, it can only be pursued after having completed an undergraduate course of study. The prime objective of MFM is to inculcate managerial and leadership skills in order to prepare students for a highly competitive world in the fashion industry. Students can use the course to understand how art and design-related fields could reap economic and social benefits through management.​​​​​​​

Why Choose Course And Required Skills 

The following details underline the importance of studying the MFM course:

1. Bustling Growth: The Indian fashion industry is accepted to grow at a rate of around 10 % in the coming years and is expected to be worth USD 59.3 Billion dollar by 2023 and is expected to become the sixth largest in the world

2. Job opportunities: McKinsey’s Fashion Scope reports that the over 300 fashion brands are going to open up shop in India, thus creating new opportunities for the various MFM candidates. The course allows the candidates to work in various segments within the fashion Industry such as retail, sales, market research, forecasting and many more.

3. Competitive Pay and other Benefits: Master of Fashion Management, MFM candidates after the completion of the course earns roughly around INR 6,25,000 per annum. The average course fees of the MFM course ranges between INR 400,000-INR 450,000, thus allowing them to break even within the first year after getting the job. Apart from competitive pay the MFM graduates also get other benefits such as health insurance, retirement benefits, travelling expenses and many more.

4. Opportunities to turn entrepreneur: The course allows the candidates to set up their own business after completion of the course. A large number of NIFT graduates have set up their own business after gaining experience in the relevant field after the completion of the course.

Common skills gained from a Masters in Fashion Management include:

1. Problem-solving

2. Leadership skills

3. Decision making

4. Business awareness

5. Research skills

6. Analytical skills

7. Organization skills

Eligibility  

Listed below are the minimum eligibility criteria for MFM that an applicant must meet when applying for admission to the chosen college:

1. A candidate must be a graduate with an undergraduate degree or its equivalent degree from any stream.

2. They must have an aggregate score of at least 50% in their bachelor’s degree.

3. They must have enough marks in the entrance exam to clear the cut-off score determined by the college for MFM course admissions.

Entrance Exams Details 

Some of the entrance exam scores accepted for the admission process of the MFM course are:

1. Common Entrance Test (CAT)

2. Common Entrance Examination for Design (CEED)

3. National Institute of Fashion Technology’s General Ability Test (NIFT GAT)

4. All India Entrance Examination for Design (AIEED)

5. National Institute of Design’s Design Aptitude Test (NID DAT)

6. Management Aptitude Test (MAT)

7. General Management Aptitude Test (GMAT)

Degree Course Syllabus 

First Year:

Second Year:

Top Colleges 

Master of Fashion Management (MFM) is a unique course. It merges the concept of management and technology with the fashion industry. This allows the industry and artists to turn their ventures into fruitful and economic concerns. While there are many Indian colleges known for their MFM course, it is still among some of the rare courses in the country.

Here are some of the popular Indian colleges and universities which offer a Master in Fashion Management course, along with their annual fee:

Course Fees 

Top Recruiters And Salary 

Some major job profiles and their salaries are as follows:

Course Scope And Career Options 

Mentioned below are the possible career scopes or job prospects a student can consider after successfully completing the MFM degree along with their average annual salary:

Admission Process 

If a candidate is eligible to apply for the MFM program, they have to go through a selection process set up by the respective institutes.

The said process can be elaborated as follows: 

Step 1 - Entrance Examination: Entrance exams have rapidly become an important part of the admission process for not only management courses but also for other streams. To get admission to the Master of Fashion Management course, students need to clear an entrance exam, whose scores are accepted by their chosen college.

Step 2 - Group Discussions (GD): Students who manage to clear the cut-off score requirement of their chosen colleges, would have to submit an application for admission to the MFM course. This application needs to be submitted along with past academic records, like bachelor’s degree, mark sheets, CV, personal statement, entrance exam score transcript, and any other document required by the college. Then they get invited to attend GD rounds which are conducted in a group of 7-12 students at a time in front of the selection panel. They are given a topic to express opinions, debate, and argue upon.

Step 3 - Personal Interview: After clearing single or multiple rounds of GD, only a few applicants are left from the original lot. These are then made to wait for their turn for a Personal Interview. During this interview, a panel reviews the application made by the student and their performance in preceding rounds. They also ask questions and conversate with students to assess their way of thinking and whether they truly have an aptitude for the MFM course or not.

Step 4 - Final Selection: The final selection of the candidate is done keeping in view their performance in all the stages of selection. It is in a one or two-week period that the enrollment offer is sent to the selected candidates via post or email.