- Degree Course Type
- Entry Level Qualification
- Degree Course Duration
- Course Fields
- Degree Course Entrance Exam
- Average Course Fee
- Average Salary Offered
- Course Details
- Course Highlights
- About Course
- Why Choose Course And Required Skills
- Eligibility
- Entrance Exams Details
- Degree Course Syllabus
- Top Colleges
- Course Fees
- Top Recruiters And Salary
- Course Scope And Career Options
- Admission Process
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Course Details
MASTER OF MANAGEMENT STUDIES
Degree Course Type
Masters
Entry Level Qualification
Graduate
Degree Course Duration
2 Year
Course Fields
Management
Degree Course Entrance Exam
Average Course Fee
40000 - 1700000
Average Salary Offered
300000 - 2000000
Course Highlights
Check out the major highlights of the MMS programme to have a quick understanding of the same:
Particulars | Details |
Full Name | Master of Management Studies |
Short Name | MMS |
Degree Level | Master’s/Postgraduate |
Stream | Organisational Management |
Exam Type | Semester |
Types of Course | Full-time, Part-time, and Online |
Duration | 2 years |
Minimum Qualification Required | Undergraduate degree in a Business and Management course |
MMS Entrance Exam | CAT, MAT, GMAT, ATMA, MHCET, RMAT, etc. |
Average Annual Course Fees | INR 40,000-17,00,000 |
Top MMS Colleges | IIM Bangalore, NMIMS, Xavier’s Institute of Management and Research, and Burhani College of Commerce and Arts |
Career Opportunities | Entrepreneurship, Managerial Job Positions, Government Jobs in the Department of Income Tax, Management Research, and Professorship |
Top Recruiting Companies | Deutsche Bank, Microsoft Corporation, Boston Consulting Group, Bain & Company, Merrill Lynch & Co, Deloitte, Lehman Brothers, Accenture, JP Morgan Chase & Co, Goldman, Morgan Stanley, Credit Suisse, etc. |
Average Annual Starting Salary | INR 3,00,000 - 20,00,000 |
About Course
Master of Management Studies, commonly known as MMS, is a postgraduate management course that can be pursued by students after completing an undergraduate degree. Associated with the field of business and management, the course helps students gain an understanding of the principles and dictums of management.
On graduating from the Master of Management Studies program, students can expect a wide range of opportunities not only in the corporate sector but in the government and research sectors as well. Among the best colleges offering the MMS course are IIM Bangalore, Christ Institute of Management, Xavier Institute of Management, and Savitribai Phule Pune University.
Why Choose Course And Required Skills
Students opt for Master of Management Studies or MMS degree programmes, as it has many advantages.MMS degree students develop plenty of leadership and managerial skills to join the workforce. MMS students learn the techniques for enhancing employee efficiency, recruiting talent, conserving sustainability capital, and creating efficient business processes. MMS provides students with a strong base in Business, Accounting, Economics and Marketing related topics. After completing MMS, if the candidate wants to pursue higher studies, then opt for PhD Management Studies. MMS graduates are given a wide range of different career choices, spread across diverse industries.
To succeed in the professional world, students must possess leadership and managerial skills.
The following are a few skills that MMS students must possess:
Communication skills | Managerial skills |
Analytical skills | Learning skills |
Decision-making skills | Problem-solving ability |
Eligibility
The minimum eligibility criteria for a Master of Management Studies or MMS course depends upon the university or college the candidate is applying for admission. Candidates will have to satisfy all the admission requirements decided by the college before filling out the application form.
1. Candidates must have a bachelor’s degree in management studies or in a related subject.
2. The aggregate percentage in the bachelor’s degree must be at least 50%.
3. Candidates need to clear the entrance exam that has been mentioned by their chosen college in its eligibility criteria.
Entrance Exams Details
Some of the popular entrance exams that candidates might have to appear for are given below:
1. Maharashtra Common Entrance Test (MHCET) for MBA/MMS/PGDBM/PGDBA
2. Graduate Management Aptitude Test (GMAT)
3. Common Aptitude Test (CAT)
4. AIMS Test for Management Admissions (ATMA)
5. Rajasthan Management Aptitude Test (RMAT)
6. Management Aptitude Test (MAT)
7. Andhra Pradesh Integrated Common Entrance Test (AP ICET)
Degree Course Syllabus
The overall MMS course duration of two years is divided into four semesters:
Semester I | Semester II |
Business Mathematics | Analysis of Financial Statements |
Communication Skills | Cost & Management Accounting Economic |
Corporate Social Responsibility projects | Decision Science |
Electives (can select 2 electives from the list) | Electives (can select 2 electives from the list) |
Financial Accounting | Environment of Business |
High-Performance Leadership | Financial Management |
Indian Ethos in Management | Foreign Languages (German, French, Japanese) |
Information Technology for Management | Human Resources Management |
Managerial Economics | Legal and Tax Aspects of Business |
Marketing Management | Management Information Systems |
Operations Management | Managerial Process Skills |
Organizational Behavior | Marketing Applications and Practices |
Perspective Management | Operations Research |
Selling & Negotiation Skills | Research Methodology and Fundamentals of MR |
Semester III | Semester IV |
Consumer Buying Behaviour | Project Work |
Database Management Systems | - |
Distribution & Supply Chain Management | - |
Human Resource Planning and Human Resource Audit | - |
Integrated Market Communications | - |
Market Research Applications | - |
Marketing Finance | - |
Marketing Strategy | - |
Product & Brand Management | - |
Sales Management & Sales Promotion | - |
Top Colleges
Indian business schools are known for their moderate to highly qualifying management courses, one of which is the Master of Management Studies program.
Some of the best colleges to offer the same have been listed below along with their annual course fees:
Name of Indian B-School | Annual Course Fees (in INR) |
Indian Institute of Management, Bangalore | 9,50,000 |
Jamnalal Bajaj Institute of Management Studies, Mumbai | 3,00,000 |
Vidyalankar Institute of Technology, Mumbai | 2,70,000 |
Xavier Institute of Management and Research, Mumbai | 2,80,000 |
Indian Institute of Cost and Management Studies and Research, Pune | 1,15,000 |
Savitribai Phule Pune University | 50,000 |
London Management Academy, Hyderabad | 60,000 |
Mumbai Institute of Management and Research, Mumbai | 2,80,000 |
Narsee Monjee Institute of Management Studies, Mumbai | 8,50,000 |
Burhani College of Commerce and Arts, Mumbai | 40,000 |
Course Fees
The MMS course fee structure applicable in India can be summarised as follows:
Type of Institution | MMS Course Fee (in INR) |
Public/Government Colleges | 80,000-1,20,000 |
Private Colleges | 4,00,000-30,00,000 |
Top Recruiters And Salary
MMS Graduate Job Profile | Annual Salary in India (in INR) |
General Manager | 20,00,000 |
Marketing Consultant | 9,00,000 |
Professor for Management Subjects | 5,00,000 |
Brand Manager | 30,00,000 |
HR Manager | 22,00,000 |
Project Manager | 15,00,000 |
PR Manager | 12,00,000 |
Equity Research Analyst | 18,00,000 |
Event Strategist | 35,00,000 |
Researcher | 10,00,000 |
Course Scope And Career Options
MMS helps students become qualified to get offers for managerial and executive-level jobs in top MNCs and various reputable organizations. Students can work in the academic sector or become the founder of their own enterprises. Apart from pursuing jobs, graduates may also choose to pursue higher education in business and management. They can pursue master’s programs in other specializations, postgraduate certificate or diploma courses, or postdoctoral courses.
There are many job profiles available at various organizations, candidates may search for the profile best suited to their personal and professional goals and apply for the same.
Here are some of the major profiles, areas, and job sectors that can be applied for after completing the MMS programme:
1. Account Manager
2. Card Payments Operations Head
3. Brand Manager
4. Equity Research Analyst
5. Management Consultant
6. HR Generalist Business Partner
7. Marketing Manager
8. Project Managers
9. IT Services Marketing Head
10. Recruitment Manager
11. Researcher
12. Saler Manager
13. Teacher
14. Meeting/Event Planner
15. Marketing Coordinator
16. Advertising or Promotions Manager
17. Social Media Manager
There are many areas and job sectors where the candidates may apply for a job. Some of them are provided below:
1. Banks
2. Brand & Marketing
3. Business Consultancies
4. Non-profit Organizations
5. Educational Institutes
6. Personal Business
7. Export Companies
8. Industrial Houses
9. Financial Organizations
10. Multinational Companies
Admission Process
Step 1: Students need to fill out the application form for the entrance examination required by their chosen college for admission. They need to attempt the exam and wait for the declaration of the result.
Step 2: On declaration of the results, they need to compare their exam scores with the cut-off score required by their chosen colleges. If their score is equal to or higher than the cut-off, they can fill out the application form for the college.
Step 3: While filling out the application to the chosen college, students need to submit other documents as well apart from the entrance exam scores. These include bachelor’s degree and mark sheets, high school mark sheets, CV, and personal statements.
Step 4: Once the student receives a letter of invitation from the college to join the Group Discussion, they need to start preparing for the same.
Step 5: Attend the GD and await the decision of the panel. The selection panel observes and oversees the GD process and calls out the names of the students who manage to clear the process.
Step 6: Once their name has been called out, students need to immediately await their turn to attend the Personal Interview round.
