Master of Management Studies or MMS is a 2-year postgraduate degree course that deals with the main areas of business and management with a strong foundation towards entrepreneurs and the management skills required for the growth of any industry. The Master of Management Studies course can be pursued by people who are interested in management-related domains. As the name implies, the Master in Management Studies [MMS] course focuses on management studies. It is a management education program, and this course aims to promulgate management skills and knowledge about the same to graduates. The job opportunities for the Master of Management Studies course are also wide in numbers in both the private and public sectors of various reputed organizations in India and abroad.

 

MMS Course Details

Degree Masters
Full Form Master in Management Studies
Duration Course Duration of Master in Management Studies [MMS] is 2 Years.
Age No specific Age Limit
Minimum Percentage 50%
Average Fees Incurred INR 50K - 3 LPA
Similar Options of Study MMM, MAM, MCM, MHM, MTM, MBA etc
Average Salary Offered INR 5.8 LPA
Employment Roles Business Development Manager, Marketing Manager, Project Manager, Financial Analyst, Operations Manager, Process Analyst, Senior Marketing Manager, Senior Business Analyst, Marketing Executive.

About Master of Management Studies

The definition is given by iEduNote, "Management is a process of planning, decision making, organizing, leading, motivation and controlling the human resources, financial, physical, and information resources of an organization to reach its goals efficiently and effectively."

Master of Management Studies is a postgraduate course that assists students in their strong comprehension of the functioning of a business organization and management of the same do. This MMS course enables one to become an analyst who can manage the process of management operations. This course is most suited for students interested in business strategies and the psychology behind finance management, foreign policies, and management who want to change the business situation of the nation. The duration of the Master of Management Studies course is 2 years. The course is designed in a structured manner that aims at collecting, analyzing, and interpreting data using statistical and economical approaches, verbally and in writing, effectively communicating study findings. Explaining the management phenomena in a home and global context using concepts and theories and focusing more on people's assistance. The subjects like Principles of Management, Operations Management, Marketing Management, HR, Project Management, Entrepreneurship Management, Managerial Economics, Financial Management are covered under the required syllabus. This Master of Management Studies postgraduate degree course details assignments, lectures, research, vivas examinations, and seminars. The Master of Management Studies course has a wide job scope in almost every private and public sector of various reputed organizations with job responsibilities concerned with business and finance.

Table of Contents

Eligibility Criteria for Master of Management Studies

Admission for the Master of Management Studies course in India requires the aspirants to complete their higher education 10+2 from any recognized institution. It is an ideal course for aspirants who have completed their Bachelor's degree with any management program background. All the Master of Management Studies colleges requires students to have scored a minimum of 50 % aggregate marks in their Secondary and Higher Secondary Education and graduate degrees to be eligible for a Master of Management Studies degree course. The selection is based on one's performance in the Entrance Test, Group Discussion, and interviews conducted by private universities. The percentage criteria may vary depending upon different institutions and universities.

As there are many entrance exams for the Master of Management Studies course, students can apply for any college from anywhere in India. There is no specific age limit or criteria for getting Master of Management Studies admission as aspirants within any age group can apply and join for the course.

Admission Process for Master of Management Studies

The admission process for the Master of Management Studies course in India is carried out either from the college premises directly or can be done online. The admission process for the Master of Management Studies course is undertaken strictly based on the scores of 10+2+3 criteria and entrance exam performance.

Therefore, the aspirants applying for the course must satisfy the Master of Management Studies eligibility criteria, a combination of marks scored in their Secondary and Higher Secondary Education, Bachelor's degree, and entrance exam. The aspirant has to qualify for the individual University/College under the admission procedure. Students can also download forms from the official website of the institution. Some forms can also be filled online by the students. The Master of Management Studies admission form is to be accompanied by all the vital papers needed. The admission is based on the cut-off lists issued by the university or college. The students will be called based on the cut-off list and will be offered admission. The Master of Management Studies admission process is entirely merit-based. Listed below are the various procedures to get admission for the Master of Management Studies course:

How to Apply?

The aspirants eager to study Master of Management Studies can either apply online or offline for the course. The Master of Management Studies applicants is shortlisted based on an entrance exam's degree marks. The aspirants can apply for the Master of Management Studies course details by downloading an admission form available online at the university or on the college website. After submitting the college or university application form, the aspirants will be invited to appear for a written test, personal interview, group discussion, and counselling.

Selection Process

The Master of Management Studies selection process is based on the entrance exam scores and performance in Secondary and Higher Secondary Education and bachelor's degree management background. After completing the 10+2+3 exam, the college or university conducts an entrance exam, a written test, personal interview, counselling, and group discussion. The aspirants are allocated seats based on the various Master of Management Studies criteria fulfilled by the aspirants proposed by the college/university officials.

Popular Entrance Exams for Master of Management Studies

There are few entrance exams for the Master of Management Studies course for which the students can attend and have a clear idea of the course. Appearing for entrance exams is not an essential criterion, but a good merit score from the 10+2 education in mathematics is also important. The postgraduates can book their seats for the course in any recognized college or university. Some of the entrance exams are:

  • CAT
  • JNUEE
  • DUET
  • GMAT
  • MAT
  • IPU CET

Quick Glance At the Master of Management Studies Entrance Exams

The Master of Management Studies course's eligibility criteria depends entirely on the conducting body that conducts the admission entrance exam. The entrance exams conducted for the Master of Management Studies Degree course include various questions related to mathematics, reasoning, logic, social studies, business, etc. Class 11th and 12th and graduate degree basic questions related to mathematics, history, general knowledge, and sociology to analyze the aspirants' knowledge abilities regarding the course. The entrance test includes:

  • Multiple choice objective type questions.
  • The entrance exam is conducted in the English language.
  • Most of the questions in the entrance exams are merely related to mathematics, sociology, reasoning, logic, and general knowledge.

Top 10 Master of Management Studies Colleges in India

Top Master of Management Studies colleges in India and abroad offer Master Management Studies postgraduate degree courses to students interested in finance, accounting, business, management, foreign trade, law, ethics, policymaking methods, and more. Some of the very best colleges for Master of Management Studies colleges in India are as follows:

Top Master of Management Studies Colleges in India

SI.No.

Name of the College

1

Shailesh J Mehta School of Management, IIT Bombay, Mumbai

2

Jankidevi Bajaj Institute of Management Studies, Mumbai 

3

Indian Institute of Management, Ahmedabad

4

Indian Institute of Management, Calcutta 

5

Indian Institute of Management, Tiruchirapalli 

6

MET Institute of Management,  Mumbai

7

Department of Management Studies, Bangalore

8

Prin LN Welingkar Institute of Management Development, Bangalore 

9

  Thakur Institute of Management Studies and Research, Mumbai

10

Alamuri Ratnamala Institute of Engineering and Technology, Thane

Fee Structure for Master of Management Studies

Master of Management Studies fees structure ranges from INR 65K -5 LPA. The Master of Management Studies course fee may vary depending upon the facilities and amenities provided at the college/university and the level of education provided.

Master of Management Studies Fee Structure

College Name

Fees Per Annum

K J Somaiya Institute of Management Studies and Research, Mumbai 

INR 3.5 L

Jain University, Bangalore 

INR 4 L

Sydenham Institute of Management Studies and Research and Entrepreneurship Education, Mumbai 

INR 70K

ICFAI Foundation for Higher Education, Hyderabad 

INR 40K

Bharati Vidyapeeth Deemed University, Pune

INR 2 L

Syllabus and Subjects for Master of Management Studies

The syllabus and subjects for the Master of Management Studies course are structured in such a way so that the students get a better understanding of different subjects of the course, which are important for them to generate their knowledge in various courses ahead.

Master of Management Studies syllabus and subjects deal with a wide variety of topics dealing with marketing, finance, operations, accounting, business statistics, economics, and many more. Master of Management Studies gives an insight into the business strategies, the psychology behind these strategies, and finance management. The Master of Management Studies in India has various lectures, workshops, assignments, and seminars. It is assessed through an examination, assessments, and project works part of the course curriculum. The students pursuing the course are introduced to all major subjects like management of marketing, finance, operations, accounting, business statistics, economics, and much more.

Some of the important subjects of the Master of Management Studies course is:

  • Business Ethics
  • E-commerce
  • Management Information Systems
  • Organizational Behaviour
  • Financial Accounting
  • Marketing Management

Read More About MMS Syllabus and Subjects

Why Choose Master of Management Studies?

The Master of Management Studies course is for those students who are professionals who are optimistic about being management consultants. Master in Management Studies [MMS] is a global market-oriented course that caters to an international audience. This course helps students develop plenty of leadership and managerial skills and includes vital internship opportunities which provide a much-needed practical experience in management.

This Master of Management Studies course will provide them with adequate knowledge to become a postgraduate employed in the MMS jobs in retail, distribution, hospitality, and leisure; financial institutions, sales, marketing and production management, and other departments that need specialists in Management. This degree course enables the students to go into various commerce and business-related jobs. In addition to the in-depth theoretical knowledge, candidates are offered a wide range of interesting electives such as the psychology of money, e-commerce, business ethics, etc. Due to worldwide partnerships between universities and corporations, some MMS programs also provide aspirants with the opportunity to gain international experience and travel to several different countries to gain insights from leading global experts in the field.

Students can go for higher degree programs in respective subjects such as MBM or MBA. Master of Management Studies postgraduates can grab seats in a broad spectrum of industries all over the world.

Master of Management Studies is not a proper career scope and is especially meant for those who can handle loads of work pressure. With an MMS degree, you can work in various sectors and dimensions, and MMS can work in various areas, including business, government, education, and a private industrial context. There are many private and government Master of Management Studies job opportunities for postgraduates in India and abroad.

What is Master of Management Studies All About?

Master of Management Studies Or MMS is a postgraduate-designed graduate program. The Master of Management Studies course duration is 3 years. A bachelor's degree in business management is designed to help you build a diverse set of abilities that will prepare you for a management career. This course's Master of Management Studies subjects deal with various focal points of business-management developments and problems and techniques to tackle them effectively. The course focuses on the contemporary issues that the finance world faces and traces the historical contexts in shaping business and management firms. A Master in Management Studies [MMS] course provides a deep insight into business strategies, psychology, and finance management. After completing the course, students are generally employed in the management, finance, business, and banking sectors. They can find work as an:

  • Account Manager
  • Brand Manager
  • Card Payments Operations Head
  • Equity Research Analyst
  • HR Generalist Business Partner
  • Management Consultant
  • IT Services Marketing Head
  • Human Resource Manager
  • Marketing Executive

It includes a wide range of topics relating to how management markets interact and influence global dynamics. This course is most suited for people who want to bring a change in the management aspects. The following are some of the subjects which are included in the Master of Management Studies syllabus for the students:

  • Economics
  • Operations Management
  • Marketing Management
  • Business Statistics
  • Human Resource Management
  • Financial Accounting
  • International Business
  • HR

What Does a Master of Management Studies Postgraduate Do?

Master of Management Studies postgraduate holds a degree in the Management field, a good career option in India and abroad. A Master of Management Studies provides students with the knowledge and abilities to excel in business and management. The Master of Management Studies program provides students with a wide basis for management work and practice. With a background in MMS, you can become an entrepreneur or establish your own and manage the business. Master of Management Studies prepares you for an entry-level career and gives you the option of becoming licensed after graduation. The Master of Management Studies degree can open the door to many new and exciting jobs. A Master of Management Studies career means that you can explore yourself into several domains of your career. Here are some qualities which a Master of Management Studies postgraduate inherits.

Critical and Logical Thinking: The most significant skill is to develop a way of thinking that needs critical insight and rigorous logical reasoning. Managing modules and thinking within the limitations of model theories will cause The MMS students to carefully consider the necessary conditions for a particular conclusion to be valid.

Analytical skills & development: A Master of Management Studies degree teaches aspirants how to develop their personality with technical skills. Analytical abilities Master of Management Studies must analyze data, spot trends, and come to rational conclusions. Some marketing, for example, use employment trends to forecast future job growth.

Communication: Communication abilities Master of Management Studies needs to be able to communicate their findings to others. They may give presentations, explain reports, or provide professional advice to clients. They may work with others and must occasionally explain management to others who do not have a background in management studies.

Critical thinking: Master of Management Studies must be able to tackle complicated problems using logic and reasoning. They might, for example, determine how management trends may affect a company.

Writing Skills:  Master of Management Studies must be able to communicate their findings. Many management firms produce reports for their colleagues or clients, while others write for journals or the news media.

Reasons Why Master of Management Studies Can Fetch You a Rewarding Career

A degree in Master of Management Studies is recognized worldwide. Master of Management Studies is a social science concerned with the production, distribution, and consumption of commodities and services. It investigates how individuals connect with management firms, Accounting, Entrepreneurship, Finance, Real Estate, Management Information Systems, Human Resource Management, International Business, Information technology, etc. Finance, Operations Management, etc. The Master of Management Studies Course trains students to play a better role and will help them prepare for a career as a manager. It will also help them develop valuable hard and soft skills like critical thinking, communication, numeracy, research skills, data analysis, time management, teamwork, problem-solving, computing, and commercial and cultural awareness. The Master of Management Studies Course is for students who reveal insights into the interactions between cultures, individuals, and societies from domestic and international perspectives.

Demand: MMS students will always be needed in all businesses, and employers worldwide are looking for MMS postgraduates. Master of Management Studies Degree that provides qualifications for employment with many industries related to management, market research analyst, economic consultant, compensation and benefits manager, actuary, credit analyst, financial analyst, policy analyst, lawyer, management consultant, and business reporter are all possible jobs for MMS postgraduates.

Career Growth:  Master of Management Studies Course is for students interested in the global sector's management, business, and industrial management. This course will provide them with adequate knowledge to become the agent of business and management change. A Master of Management Studies job allows you to think professionally, critically and create and analyze the subject's knowledge. 

Jobs & Opportunities: Master of Management Studies Careers are available in private and public sector companies. A Master of Management Studies degree focuses on developing an individual's personality, and a degree in the field can lead to a wide range of jobs. Almost every element of daily life is influenced by management.

Read More About MMS Jobs

Preparation Tips For Master of Management Studies

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. Aspirants who are good at mathematics, calculation, research, and analyzing can thoroughly prepare the syllabus content. 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.
  • Effective time management: Focus points should be kept in mind, emphasizing weaker subjects and the daily practice of numerical problems. Students should draw a timetable, and the candidate should follow the timetable with dedication and diligence.
  • 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.

Scope For Higher Education

The scope for higher education for Master of Management Studies with best salaries offered in India and abroad with almost all private and public sectors of various organizations. All aspirants should keep in mind that a Master of Management Studies may not be their best option. After completing their degree, students can always seek higher education, which will improve their long-term professional chances. Many postgraduates in India have recently been observed pursuing higher education in sectors such as management and law, among others.

  • PHD
  • MBA
  • PGDM

While an MBA or PGDM will enable an MMS postgraduate to advance their career in management and marketing, an LLB will allow them to pursue a career as a Corporate Lawyer.

Salary Of a Master of Management Studies Postgraduate

Master of Management Studies Course salary varies with different job profiles. With some experience in the field, Master of Management Studies postgraduates can earn a very good salary. Master of Management Studies salary varies according to an aspirant's knowledge and skills. Another factor that changes the average salary package is the company and post you are working for. Fresher aspirants may start with an average Master of Management Studies Salary package, but once they gain experience, it increases up to a certain amount. The Master of Management Studies Courses' average salary, which is offered, ranges from INR 1L - 14 LPA.

Read More about MMS Salary

Career Options After Master of Management Studies Education

After completing an MMS, you are eligible for junior-level posts in private and government jobs in India and abroad. Master of Management Studies aspirants have an excellent job scope in the future and vast job opportunities. Master of Management Studies is a continuous up-gradation of so many various management, business, and finance fields. Master of Management Studies jobs are found in the government fields:

  • Science
  • Education
  • Politics
  • Health Sector
  • Investigation
  • Business
  • Banking
  • Law
  • Finance
  • Consultation
  • Research & Development

Some of the very best Master of Management Studies careers in the areas mentioned above as,

  • Professor
  • Account Manager
  • Equity Research Analyst
  • IT Services Marketing Head
  • Project Managers
  • Recruitment Manager
  • Relationship Manager
  • Delivery Manager
  • Business Operations Manager
  • Associate Manager
  • Human Resource Manager
  • Executive Manager
  • Operations/Marketing Manager
  • Researcher

Skills That Make You The Best Master of Management Studies Postgraduates

Master of Management Studies aspirants should possess critical and analytical skills, numerical skills, problem-solving, adaptation skills, effective communication, policy management, and decision-making skills. In addition, they have to be confident, dedicated and committed to their aspiration. Finally, a Master of Management Studies necessitates applied analyzing and adaptability —a hands-on understanding of the work and strong interpersonal skills such as networking, leadership, and conflict resolution. Skills that make you suitable for a Master of Management Studies postgraduate:

  • Problem Solving Skills
  • Analytical Skills
  • Mathematical Skills
  • Strong Work Ethics
  • Management Skills
  • Goal-Oriented
  • Inquisitive
  • Technical Skills
  • Communication
  • Creativity and Adaptability

Entrance Exams For Master in Management Studies [MMS]

See Various Master in Management Studies [MMS] Colleges in India

Fee Structure of Master in Management Studies [MMS] in India

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2-5
5-10
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  18 colleges
  12 colleges
  2 colleges
 

1 colleges

(In Lakhs)

Fee Structure by State for Master in Management Studies [MMS]

All Over India

Interested cta gif
Public Colleges
₹ 2,760 (Minimum Fee) (Maximum Fee) ₹ 8.15 Lakh
 
₹ 1.16 Lakh (Average Fee)
Private Colleges
₹ 29,504 (Minimum Fee) (Maximum Fee) ₹ 17.30 Lakh
 
₹ 2.13 Lakh (Average Fee)

Karnataka

interested cta gif
Private Colleges
₹ 89,800 ₹ 7.75 Lakh
 
₹ 7.75 Lakh

Maharashtra

interested cta gif
Private Colleges
₹ 29,504 ₹ 17.30 Lakh
 
₹ 2.13 Lakh

Master in Management Studies [MMS] Reviews

Tushar
Master of Management Studies (Management Studies), batch of 2018
ELIGIBILITY CRITERIA AND ADMISSION PROCESS
4/10
  • The eligibility criteria and admission procedure: More than 60% aggregate degree score. CET score more than 90 percentile.
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Ankit
Master of Management Studies (Management Studies), batch of 2015
ELIGIBILITY CRITERIA AND ADMISSION PROCESS
10/10

The candidates should fulfill the following Eligibility Criteria: Passed with minimum of 50% marks in aggregate* or equivalent CGPA (45% in case of candidates of backward class categories belonging to Maharashtra State only) in any Bachelor's degree awarded by any of the Universities incorporated by an act of the central or state legislature in India or other educational institutions established by an act of Parliament or declared to be deemed as a University under Section 3 of the UGC Act,1956 of minimum three years duration in any discipline recognized by the Association of Indian Universities, or possess an equivalent qualification recognized by the Ministry of HRD, Government of India. Candidates appeared for final year examination fulfilling the remaining eligibility criteria will be offered provisional admission subject to the condition that they will pass the examination with the required percentage of marks on or before the date prescribed by DTE for time to time. In case, the candidate fails to produce the results of the final year examination on or before the date prescribed by DTE, then admission offered to such candidate automatically canceled and the fees (tuition, development and other fees) paid by the candidate will be forfeited. Candidates securing Non-Zero Positive marks/score in MAH-MBA/MMS-CET 2017, CAT/CMAT 2016-17 (Conducted by AICTE) / Association CET/ Any other equivalent CET as approved by DTE will be eligible to get admission to MMS course in GNVS Institute of Management. MAH CET 2019 cutoffs may remain low as compared to last year as the highest percentile of 99.99 in MAH CET 2019 has gone down at 164 this year as compared to 165 last year.

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Vivek
Master of Management Studies (Management Studies), batch of 2018
ELIGIBILITY CRITERIA AND ADMISSION PROCESS
8/10
  • The admission procedure for JBIMS typically has been varying in the last few years. While last year there was a separate admission process by the college comprising of GDs and interviews along with the entrance exam scores. However, this year JBIMS took admissions through the CAP rounds of the DTE.
  • I had taken CMAT, CAT, XAT, etc in a bid to take admission in JBIMS and my CMAT score i.e. AIR 4 proved to be good enough to secure me a seat in JBIMS.
  • The typical cut-offs for JBIMS vary from category to category. Since I am from the Outside Maharashtra category, the cut-off for us was 99.99(with an exception of 2-3 99.98 students making it).
  • The cut-offs for MH general category is 99.92+ as per the past trends. The cut-offs for other categories are more volatile but it can safely be assumed that it is 95+ overall.
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