Master of Management Studies

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 and how they can be used to gain corporate and social targets.

Students can apply for the Master of Management Studies course by successfully clearing the three admission stages including an entrance exam, group discussion, and personal interview. The first stage is to clear the entrance exams, which are again varied in India. Among the most popular management entrance exams, for an MMS degree, are the CAT, GMAT, ATMA, RMAT, and MHCET. Notably, MMS courses are available on a full-time, part-time, and online basis.

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. The course may cost students anywhere from INR 80,000 to INR 30,00,000 depending on the institution. Get complete information about Master of Management Studies course on this page,

Check out the major highlights of the MMS programme to have a quick understanding of the same.

For the most part, management degrees were developed as an affordable alternative to MBA (Master of Business Administration) degrees since they offer a foundational understanding of entrepreneurship and leadership. However, pursuing a Master of Management Studies has its perks. For instance, students are not obliged to have a certain amount of previous work experience to qualify for admission. Students pursuing a MIM degree gain a wealth of managerial and leadership competencies as well as participate in internship and practical activities.

Students pursuing an MMS degree gain a wealth of managerial and leadership expertise as well as participate in internship and practical operations. The following are some reasons to choose Master of Management Studies courses:

• Providing unbiased guidance to enterprises, organisations, and companies to help them improve performance, address issues, provide value and maximise growth has been the foundation of management consulting employment for decades.
• If a candidate wants to continue their education after earning an MMS degree, they can choose to opt for a PhD in Management Studies. One can work as a professor in a variety of management institutions after earning a PhD.
• With the option to complete professional projects and work placements as part of the curriculum, the Master of Management Studies course puts a practical emphasis on learning. Furthermore, internships offer practical work experience and a thorough corporate background.
• MMS graduates have access to a wide variety of professional options in numerous industries.
• MMS gives students a solid foundation in courses relevant to accounting, economics, business, and marketing.
• The methods for improving staff productivity, recruiting top talent, preserving sustainable capital, and developing effective company procedures are taught to MMS students.

As the Master of Management Studies is in itself a type of course, there are no other courses that fall under the MMS degree. However, there are various MMS specialisations that students can choose as per their employment prospective/preference or interest. 

Students will be able to orient themselves toward the career path they desire to pursue by electing the appropriate Master of Management Studies specialisation. Candidates will be required to choose their desired specialisation during the second year of their MMS degree. Throughout their academic careers, candidates will also be required to perform a variety of projects and internships relating to their professional focus. A few available MMS specialisations are discussed below:

Marketing Management: Candidates will be able to study sales, marketing disciplines, product management, market strategies, executive and leadership organisational skills, market research, and consumer trends in marketing business courses. Through assessment of demand, economics, competition, and other factors, they will also be capable of making market decisions.

Operations Management: Through this specialisation, candidates will learn how to plan, develop, and manage resources and skills used by a business to produce services or goods. Additionally, this will assist individuals in developing better organisational skills and commercial practices.

Information Management: By developing their understanding of data processing software systems, information databases, and analysis and quantitative measurement methodologies, students will develop the competencies they need to succeed in this specialisation.

Finance Management: Candidates who study finance management will incorporate a focus on organising and managing the financial resources of any industry. They will be able to learn about managing problems in business domains, such as dealing with finances and investments.

Human Resource Development: In this concentration, candidates receive instruction in workforce management. They are also instructed in strategic management, human resources development, and legal issues management. The emphasis is on ensuring that the candidates understand their roles and duties within an organisation and contribute to creating and managing its culture.

Hospitality Management: By accumulating information and skills, it seeks to promote training by the "Outcome Based Education Pedagogic Approach”. This curriculum is specifically needed to fill the shortage of recently graduated professionals in non-operational roles who are qualified for employment in the hospitality industry. The scope of this programme extends beyond just those in the hotel and restaurant industries and includes all market participants in this industry.

One of the biggest perks of a Master of Management Studies course is that it allows individuals to expand their business skills right away after earning their Bachelor's degree. For admission to traditional business degrees, such as an MBA, candidates typically need between three to five years of prior work experience. On the other hand, this course has no work experience requirements or only requires one year of prior work experience.

Master of Management Studies prepares graduates for a bright future and assists them in finding good jobs in a highly competitive job market. The course is offered to prospective students in all four possible ways of learning i.e, full-time, part-time, online mode and distance mode of schooling. Discussed below are the details about Master of Management Studies course types.

Full-Time Master of Management Studies Courses

Full-time three-year candidates must attend in-person classes, complete regular assignments, and take semester-wise offline exams on campus. They must also deliver projects and perform practicals as part of the course curriculum. Students who enrol in a full-time study gain practical experience in the subject as well as in-depth learning through actively engaging with their professors and other fellow students. Additionally, they can choose up to three elective subjects based on their interests.

Part-time Master of Management Studies Courses 

Individuals who work full-time but do not currently hold leadership positions are ideal candidates for a part-time Master of Management Studies course. These candidates typically range in age from 25 to 33. Individuals can attend part-time classes after daily work completion or over the weekends. However, it may up to three to four years to complete the programme.

Online Master of Management Studies Courses

Online Master of Management Studies courses last up to four years and can be pursued from anywhere. This course is designed for candidates who are working professionals and who cannot attend full-time offline classes on campus. However, only a handful of Indian universities or online platforms provide this course online.

Distance Master of Management Studies Courses

A distance Master of Management Studies course is offered by a few Indian universities and colleges. Individuals who have successfully passed the 10+2 grade from an accredited board are eligible for this course. It must be noted that the eligibility criteria for a distance course are the same as that of a regular course. Colleges like the Indian School of Management and Studies (Mumbai), the Indian School of Business Management and Administration (Bangalore), etc. provide distance Master of Management Studies Courses.

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.

The common minimum eligibility requirements for the MMS program in India can be summarised below:

• Candidates must have a bachelor’s degree in management studies or in a related subject. 

• The aggregate percentage in the bachelor’s degree must be at least 50%.

• Candidates need to clear the entrance exam that has been mentioned by their chosen college in its eligibility criteria.

The admissions process for Master of Management Studies (MMS) courses in India have been divided into three parts:

• Entrance Exams,
• Group Discussions (GD), and
• Personal Interviews

The bifurcation has been designed to incorporate the requirements of management courses. Each part of the admissions process can only be attended by those students who have cleared the preceding round. This method of elimination of candidates makes the admission process of MMS in India highly competitive and selective.

The overall process of MMS course admission can be summarised as follows:

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.
Step 7: After attending the Personal Interview, students generally need to await a week or so before they receive their confirmation letter from the respective college.

There are many entrance exams available for admission to the MMS programme in India. The preference of the applying college is the test that candidates need to attempt for admission. Some of the popular entrance exams that candidates might have to appear for are given below: 

• Maharashtra Common Entrance Test (MHCET) for MBA/MMS/PGDBM/PGDBA
• Graduate Management Aptitude Test (GMAT)
• Common Aptitude Test (CAT)
• AIMS Test for Management Admissions (ATMA)
• Rajasthan Management Aptitude Test (RMAT)
• Management Aptitude Test (MAT)
• Andhra Pradesh Integrated Common Entrance Test (AP ICET)

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:

A spectacular study atmosphere and in-depth theoretical and practical classes covering a thorough analysis of wide-ranging management specialisations are provided by pursuing a Master of Management Studies abroad. However, a lot of foreign institutions are endeavouring to incorporate practical experiences into the curriculum, making this degree versatile. The curriculum is intended to assist students in developing interpersonal skills, problem-solving prowess, and an understanding of how to apply managerial theories to actual business problems. It also places a large emphasis on developing an individual's leadership and character traits.

The MMS course's curriculum is heavily weighted toward subjects that assist students to learn about and develop their skills in international business. In contrast to an MBA, students can enrol in a Master of Management Studies course at a top university anywhere in the world without requiring any prior work experience. This course is more economical than other management programmes while maintaining a high standard of training. Students can pursue a Master of Management Studies abroad in multiple specialisations, much like an MBA offers a concentration in a wide range of subjects.

Further, studying this course abroad can lead to a variety of employment opportunities. A successful career that is financially rewarding and personally satisfying can be achieved with a professional degree in this sector. Studying a Master of Management Studies abroad familiarises students with both conventional and cutting-edge aspects of the management industry, which they can apply to become experts. They will have the chance to develop their managerial abilities related to various cultures and their people.

A Master of Management Studies course is offered by several universities and colleges abroad. Additionally, some universities let you choose your courses and master the numerous business acumen necessary for various job profiles. The following is a list of the Master of Management Studies abroad top colleges:

• Duke University the Fuqua School of Business, USA 
• ESADE Business School, Spain
• ESSEC Business School, France, and Singapore 
• HEC Paris 
• IE Business School, Spain
• Ivey Business School, Canada
• Kellogg School of Management, USA 
• London Business School, UK
• Rotterdam School of Management, Erasmus University, Netherlands 
• UCD Michael Smurfit Graduate Business School, Ireland 
• University of St. Gallen, Switzerland
• WHU Otto Beisheim School of Management, Germany

Management students have a wide range of options when it comes to deciding the best b-school or institute that suits their professional needs, interests, and future employment prospects. The following table highlights state-wise top Master of Management Studies colleges in India along with their respective states mentioned in the adjacent column.

In India, Master of Management Studies courses are offered by various renowned institutes. Some of the top businesses or companies in this industry also offer internships as part of the course curriculum to interweave students with practical on-field experience. The following is a discussion of some city-wise top Master of Management Studies colleges in the country.

Bangalore

• REVA University
• Jain University
• IIM Bangalore
• Christ University
• Alliance University

Mumbai

• Amity University
• Chhatrapati Shivaji Maharaj University
• Nagindas Khandwala College
• Padmashree Dr D Y Patil Vidyapeeth
• Viva College

Pune

• Dr D Y Patil Seamedu School of Media Management
• ISBM College of Engineering
• Maharashtra Institute of Technology (MIT)
• Symbiosis Institute of Media & Communication 

Chennai

• Anna University
• IIT Madras
• Madras University

The course fee for a Master of Management Studies degree in India is hugely dependent on the type of institution one is applying to. While public and government-funded colleges charge affordable course fees, private institutions can cost a lot to students. However, the limited number of seats and competitive selection process of government colleges often lead to disappointment for many students.

The MMS course fee structure applicable in India can be summarised as follows:

The overall MMS course duration of two years is divided into four semesters. Each semester follows a specific course structure designed by the business schools themselves. Some of the common subject nomenclatures have been used to define the MMS course syllabus followed in India:

As discussed, the Master of Management Studies course is stretched over two years i.e., four semesters. The course curriculum includes core and elective subjects, internships, and compulsory projects. On the other hand, teaching methodologies consist of detailed study materials, site visits, case studies, industry exposure, new techniques, tools, etc.

These types of teaching methods are effective for entrenched theoretical knowledge and developing required soft skills. Furthermore, students can choose their specialisation or elective subjects (up to three electives) based on their interests. The following pointers make the course curriculum for Master of Management Studies:

• Case studies
• Core and elective subjects
• Group assignments and discussions
• Guest lectures, conferences, and seminars 
• IV semesters
• Presentations and modules
• Assignments/ projects/ viva
• Emphasis on practical and theoretical learning

The average salary of Master of Management Studies or MMS graduates is dependent on varying factors. These include the institute, aggregate percentage in MMS, performance in the job interview, negotiation skills, actual skill set and knowledge, work experience, additional achievements, holistic skills, etc. Hence, there is no set manner to assess the possible salary of MMS graduates.

Yet, statistical methods have been used to work out the trend among the placements of MMS graduates and the annual packages offered to them by their recruiters. On the basis of these trends, the following average salary figures have been worked out for different job profiles:

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:

• Account Manager
• Card Payments Operations Head
• Brand Manager
• Equity Research Analyst
• Management Consultant
• HR Generalist Business Partner
• Marketing Manager
• Project Managers
• IT Services Marketing Head
• Recruitment Manager
• Researcher
• Saler Manager
• Teacher
• Meeting/Event Planner
• Marketing Coordinator
• Advertising or Promotions Manager
• Social Media Manager

There are many areas and job sectors where the candidates may apply for a job. Some of them are provided below.

Banks

• Brand & Marketing
• Business Consultancies
• Non-profit Organizations
• Educational Institutes
• Personal Business
• Export Companies
• Industrial Houses
• Financial Organizations
• Multinational Companies

Studies course. To be successful in their career, students need to incorporate basic skills along with good communication, policy management and leadership skills. The following list includes some typical skills that are crucial in the field of Master of Management Studies, both for studying and for embodying work opportunities:

• Analytical skills
• Goal-oriented
• Inquisitiveness
• Management skills
• Mathematical skills
• Problem-solving skills
• Strong work ethics