Master in Management Studies (MMS) – Master of Management Studies or MMS is a two-year postgraduate programme that comprises four semesters and is undertaken by individuals who want to make their careers in management. Aspirants interested in pursuing a master’s degree in management studies must have finished their undergraduate studies with a minimum aggregate of 50% in any subject, preferably management.
Candidates must also pass national or state-level entrance tests such as the CAT, MAT, SNAP, and others to be considered for admission to some of the best universities. This MMS program will prepare students to work as analysts in the management operations process.
What is Master in Management Studies?
MMS is an abbreviation of Master of Management Studies, and it is a 2-year postgraduate degree programme that covers the major topics of business and management, with a heavy focus on entrepreneurs and the management skills essential for any industry’s success. The course covers a wide range of management topics, including financial accounting, operations management, business ethics and statistics, and so on. MMS guidelines provide speciality in business qualities like marketing, consulting, and finance that you may be interested in. Aspirants who complete a master’s degree in management studies have a comprehensive understanding of management, and the scope of employment after finishing the program is so broad that one may easily construct a successful career in this subject.
Read Also: IIM Rohtak eMMS admission 2023 – Eligibility, Procedure
Why Choose M.M.S. Course?
There are lots of benefits or reasons to pursue this course and some of them are mentioned below.
- MMS programmes provide chances in a variety of roles, including Business Manager, Account Manager, Brand Manager, and others.
- Aspirants who pursue a master’s degree in management studies obtain a thorough grasp of project management & business statistics.
- After completing the programme, students will gain a better job with a greater salary package & better management position.
- Given faculty & industry exposure in a syllabus, the MMS program is a terrific networking opportunity.
MMS (Master in Management Studies) Course Eligibility Criteria
Candidates interested in pursuing a master’s degree in management must complete the following basic requirements:
- Aspirants must have a bachelor’s degree from a recognised university with relevant subjects as well as 55% aggregate marks.
- Candidates from reserved categories (ST/SC) are eligible for a 5% reduction in the minimum aggregate score.
- Aspirants may also be needed to qualify for the entrance test offered at the national/state level or conducted by the institution/University.
- candidates applying for this program from outside India must have GMAT/GRE results.
- Universities in other countries also demand IELTS/TOEFL.
Admission Procedure for Master in Management Studies (MMS) Courses
Candidates who intend to pursue Master of Management Studies (M.M.S) would have to qualify for the admission test administered by the competent authorities. Because the majority of Maharashtra’s institutes provide M.M.S. admissions, candidates must pass the MHT CET to be considered. If students pass the admission exam, they may be required to participate in group discussions & personal interviews. Admissions will be based on merit. on the other hand, Some universities provide admissions based on national-level entrance tests.
Master in Management Studies (MMS) Entrance Exams
There are a few entrance tests for the MMS programme that candidates can take to have a better understanding of the programme. Participation in the entrance test is a necessary requirement. The following is the list of entrance tests.
| Entrance Exam | Read More |
|---|---|
| CAT | Click Here |
| JNUEE | Click Here |
| GMAT | Click Here |
| MAT | Click Here |
| SNAP | Click Here |
| XAT | Click Here |
| ATMA | Click Here |
| CMAT | Click Here |
| MAH CET | Click Here |
| NMAT by GMAC | Click Here |
MMS Entrance Preparation Tips
The following are some common preparation tips to crack the entrance exam.
- Know about Pattern: A thorough study & comprehension of the exam pattern & syllabus is a must for successful preparation for the entrance exam.
- Coaching Enrolling: Enrolling in a coaching programme or hiring a tutor can help you pass the entrance test.
- Practice: Aspirants should practise & revise the day before the test to relieve any needless stress.
Master in Management Studies (MMS) Course Fee structure
The fees for MMS programme vary from Rs. 65,000/- to Rs. 5LPA. The fee of MMS programme varies based on the college/facilities university and amenities, as well as the quality of education offered. The following table represents the annual fee structure of some top and reputed colleges and also their fee structure.
| College/ University Name | Average Annual Fees |
|---|---|
| IIT Bombay | Rs.4,36,600/- |
| ICFAI Foundation for Higher Education | Rs.35,000/- |
| K J Somaiya Institute of Management Studies and Research | Rs.3,32,855/- |
| SRM Institute of Technology | Rs.3,48,250/- |
| Jain University | – |
| Bharati Vidyapeeth Deemed University | Rs.1,92,300/- |
| Indian Institute of Science | Rs.1,66,500/- |
| Sydenham Institute of Management Studies and Research and Entrepreneurship Education (SIMSREE) | Rs.69,000/- |
| Indian Institute of Science, Department of Management Studies | Rs.1,66,500/- |
| Xavier Institute of Management and Research | Rs.2,60,000/- |
| JBIMS Mumbai: Jamnalal Bajaj Institute of Management Studies | Rs.6,00,000/- |
| Prin L.N. Welingkar Institute of Management Development and Research (WeSchool) | Rs.1,60,000/- |
| Chetana’s RK Institute of Management and Research, Mumbai | Rs.1,67,000/- |
| N L Dalmia Institute of Management Studies & Research, Mumbai | Rs.1,60,000/- |
| IES Management College And Research Centre (IES MCRC) Mumbai | Rs.1,60,000/- |
| Department of Management Sciences University of Pune (PUMBA) | Rs.1,36,000/- |
| Dr. D. Y. Patil Institute of Management & Research (DYPIMR), Pimpri, Pune | Rs.2,06,000/- |
| IBMR Pune: ASM Institute of Business Management & Research | Rs.1,36,000/- |
| Vivekanand Business School (VBS) | Rs.3,77,000/- |
| Durga Devi Saraf Institute of Management Studies (DSIMS) Mumbai | Rs.3,50,000/- |
MMS course Specializations
Graduates are in increasing demand not just in India but also overseas, as their popularity has risen in recent years. The MMS program syllabus focuses on international courses that assist aspirants to build knowledge & abilities in international business. Students might choose to specialise in a variety of disciplines. A master of management studies is less expensive than other management programmes without sacrificing educational quality. The following are some of the specialities available at major colleges throughout the world:
- Human Resource Management
- Marketing Management
- Finance Management
- Operations Management
- Information Management
Master in Management Studies (MMS) Syllabus
MMS course curriculum and subjects are constructed in such a manner that students have a deeper comprehension of the course’s numerous disciplines, which is crucial for them to produce their knowledge in future courses. A Master of Management Studies degree provides knowledge of corporate strategies, the psychology underlying them, and financial management. The following is the semester-wise detailed syllabus of MMS 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 (MMS) Higher Studies
Higher education opportunities for MMS with the greatest pay are available in practically all commercial and public sectors of various businesses in India and overseas. All hopefuls should be aware that MMS may not be the ideal option for them. Many postgraduates have recently been seen in India seeking further education in fields such as business and law.
- Ph.D
- MBA
- PGDM
Master in Management Studies (MMS) Scope
MMS course opens the door to a wide range of well-paid & professional work opportunities both in India and overseas because the field of management has such a large scope. Aspirants can apply for a wide range of high-profile jobs in national and global organisations (MNCs). Aspirants who successfully finish the program may expect to earn a profitable and unparalleled annual salary of around INR 60,00,000 or perhaps more.
MMS Job Profiles
Aspirants are invited to apply for the following positions.
- Professor
- Account Manager
- Equity Research Analyst
- IT Services Marketing Head
- Project Managers
Top Recruiters in MMS field
The following are the recruiters for all those who are completed their Master in Management Studies (MMS).
- Amul
- Axis Bank
- Wipro
- Tata Consultancy Services
- Airtel
- Flipkart
- HDFC
- American Express
- Intel Corp
- ITC
- Vodafone
- Infosys
Master in Management Studies (MMS) Salary
In the market, MMS is worth about the same as an MBA. Graduate students can work in a variety of professions, including finance, accounting, human resource management, and consulting organisations. Salary ranges from 4 lakh to 14 lakh, depending on the firm and job description for which they work. Multinational corporations and high-end organisations typically pay a greater compensation range. The following table represents the common job profiles and their average salary.
| Job Profile | Average Salary (in INR) |
|---|---|
| Business Consultant | 9.8 lakh |
| Brand Manager | 10.3 lakh |
| Account Manager | 5.9 lakh |
| Recruitment Manager | 9.3 lakh |
| Finance Manager | 9.9 lakh |
| Marketing Manager | 7.1 lakh |
| Project Managers | 14.8 lakh |
| HR Business Partners | 7.7 lakh |
| Marketing Consultant | 11.4 lakh |
| Equity Research Analyst | 4.9 lakh |
Read More
| Bachelor of Tourism Management | Hotel Management |
| Master of Finance and Control | Master of Hotel Administration |
Frequently Asked Questions
MMS is a postgraduate degree that delivers increased general management expertise to Business Bachelor’s graduates, regardless of whether they have previously studied Business. A Master of Science (M.Sc.) or a Master of Arts (M.A.) degree will be awarded upon completion of a MIM programme.
MBA vs. MMS- There is no substantial difference between the two courses because they are simply variations on the same University nomenclature. The Maharastra State government uses the MMS word for admission to management institutes in Mumbai, whereas MBA is a more broad name for management courses.
When compared to the PGP or PGDM programmes, MMS has a substantially cheaper price structure. The tuition fees for MMS programmes at prominent B-schools range from INR 2 lakh to INR 6 lakh. The fee price may differ from institute to institute, however, it is likely to be in the range of INR 10 lakh.
The average salary varies from $52,300 to $73,900 each year.
No, as long as they satisfy the fundamental qualifying criteria, graduates from any field are eligible for M.M.S.