Master of Management Studies- MMS

    Master of Management Studies- MMS
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    MMS Course 2023 – Highlights

    Degree NameMMS – Master of Management Studies
    Course TypePostGraduation
    Duration2 Yrs.
    Examination TypeSemester
    Admission ProcedureBased on Results of Entrance tests CAT, ATMA, XAT, MAT, CMAT, MAH MMS CET
    Course Fees50,000 INR  to 10,00,000 INR
    Course Average Salary3,00,000 INR to 8,00,000 INR
    Recruiting CompaniesMcKinsey & Company, Merrill Lynch & Co, Philips India Ltd., ITC, Bajaj Auto, Infosys, JP Morgan, Boston Consulting Group, etc.
    Job PositionBusiness Manager, Account Manager, Brand Manager, Equity Research Analyst, Card Payments Operations Head, Hedge Fund Manager, Project Manager, Management Consultant, Investment Banker

    MMS Course Details

    The Master of Management Studies MMS is changing into more and more common among students WHO wish to pursue a career in management. it’s a preferred different to the Master in Business Administration. Students should meet the necessities of the establishment to which they’re applying so as to be eligible for an associate degree MMS.

    A postgraduate program in management known as M.M.S. permits students to boost their management and problem-solving skills. With an MMS degree, students will explore a large variety of career opportunities in management, consulting, finance, and different fields.

    Within the second year of certification, the second-degree students ought to add a region selection. An associate degree examination is sometimes the idea for admission. Various institutes may conduct individual interviews or cluster discussions. To find out additional about the Master of Management degree, browse the complete article.

    MMS Eligibility Criteria in 2023

    Candidates for the master of management studies must meet the eligibility requirements. Every applicant to a university must meet specific eligibility requirements. Here are the normal qualification standards for the MMS course:

    • Every applicant is required to hold a bachelor’s degree in a related field.
    • Candidates probably scored half 60% in the college degree
    • For understudies applying abroad for this course should have GMAT/GRE scores.
    • Universities abroad also require IELTS/TOEFL.

    MMS Admission Process in 2023

    In order to enroll in a Master of Management Studies (M.M.S.) program, students must pass an official entrance examination. Students must pass the MHT CET in order to be admitted to the majority of the institutes in Maharashtra that offer M.M.S. admission. They may like wise need to show up for bunch conversations and individual meetings assuming they qualify the selection test. Merit will be considered for admission.

    MMS Entrance Exams in 2023

    The Common Admission Test (CAT), Common Management Admission Test (CMAT), Management Aptitude Test (MAT), and other national-level entrance exams are also accepted by some institutions.

    MMS Course Syllabus in 2023

    MMS Course Syllabus in 2023

    The master of management studies is a four-semester postgraduate program that lasts two years. The curriculum includes a number of practicals and concepts for developing skills, such as strategic management, selling and negotiation skills, and effective communication management, among others. The course’s syllabus covers a wide range of important management-related topics, including business statistics, financial management, human resources management, and many others.

    Semester ISemester II
    Operations ManagementMarketing Management
    Business StatisticsOperations Research
    Managerial EconomicsFinancial Management
    Perspective ManagementHuman Resource Management
    Effective and Management CommunicationLegal Aspects of Business and Taxation
    Financial AccountingBusiness Research Methods
    Information Technology for ManagementAnalysis of Financial Statements
    Negotiation and Selling SkillsEntrepreneurship Management
    Semester IIISemester IV
    International BusinessProject Management
    Strategic ManagementFinal Project

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    Why opt MMS?

    In comparison to the established MBA concept, the Master of Management Studies program is relatively new. Depending on the university and the program, this degree may take anywhere from 10 months to 2 years to complete. Since its inception in Europe, the program has gained worldwide traction. Organizational Behavior, Management Theory, and other related subjects are among the pertinent topics covered in this course.

    An MMS course is designed to give students a great learning environment and in-depth theoretical classes that cover a thorough look at a variety of Management specializations. However, this degree is adaptable because many institutions are working to incorporate practical experiences into the curriculum. The program is structured to help you improve your interpersonal skills, problem-solving abilities, and comprehension of the application of managerial theories to real-world business situations. It also places a significant emphasis on the development of personal and leadership skills.

    Comparison of MMS & MBA

    MBA and Master of Management Studies differ in a number of ways.

    • The primary distinction lies in the fact that, unlike the MBA, admission requirements for the Master of Management Studies program do not include years of work experience.
    • An MBA is ideal for students who want to advance to the next stage of their careers, such as those who want more experience in their field of interest, to switch careers, or to improve their qualifications for management or leadership roles.
    • The Master of Management Studies program is also ideal for freshmen who want to establish themselves in the business world. This course is best for people who want to learn skills that are relevant to their career field and advanced.

    Top MMS Colleges in India 2023

    Top MMS Colleges in India 2023

    CollegesFees (Per Annum) INR
    Indian Institute of Science, Department of Management Studies (IISDMS)INR 1,66,500
    Xavier Institute of Management and ResearchINR 2,60,000
    Jamnalal Bajaj Institute of Management StudiesINR 6,00,000
    IIT BombayINR 4,36,600
    ICFAI Foundation for Higher EducationINR 35,000
    Sydenham Institute of ManagementINR 69,000
    Bharati Vidyapeeth Deemed UniversityINR 1,92,300
    University of Pune, Department of Management(PUMBA)INR 1,36,000
    Vivekanand Business School (VBS)INR 3,77,000
    D. Y. Patil Institute of Management, PuneINR 2,06,000
    K J Somaiya Institute of ManagementINR 3,32,855
    SRM Institute of TechnologyINR 3,48,250
    (NLDIMSR) N L Dalmia Institute of Management Studies & Research, MumbaiINR 1,60,000
    ASM Institute of Business Management, PuneINR 1,36,000
    (DSIMS)Durga Devi Saraf Institute of ManagementINR 3,50,000
    Chetana’s RK Institute of Management, MumbaiINR 1,67,000
    IES Management College, MumbaiINR 1,60,000
    L.N. Welingkar Institute of ManagementINR 1,60,000

    Job Profiles, Description & Salary After MMS

    Job ProfileJob DescriptionSalary
    Project ManagerProject planning, coordination, and timely completion are all responsibilities of project managers. In addition, they are in charge of creating the budgets for the various projects, allocating resources and staff to those projects, and keeping stakeholders up to date on project progress.INR 4,90,000 to INR 15,00,000
    Business Development ManagerBusiness Improvement Supervisors are the ones who put forth objectives and foster designs for the development of business and income. In addition, they conduct research and carry out innovative or ideal market initiatives in order to achieve revenue and development objectives.INR 4,00,000 to INR 8,00,000
    Brand ManagerAdoption of a brand strategy for each target audience is the responsibility of brand managers. The promotional campaign that will assist the business in establishing an exclusive brand image is also the responsibility of the Brand Managers.INR 9,12,000
    Financial AnalystFinancial analysts are in charge of keeping track of a company’s financial performance and making predictions based on business performance and market conditions. Additionally, they are crucial in boosting an organization’s productivity.INR 3,92,000 to INR 9,12,000

    MMS Course in Distance Education

    Only a few colleges and universities provide distance-learning PG degree programs in management studies. People who sign up for online MMS classes can study the subject from the convenience of their own homes. For working people who don’t have enough time to attend classes regularly, distance learning courses are an option. They follow the same curriculum as traditional Master of Management programs.

    MMS – FAQs

    Q. How much time is allowed to complete the Master of Management Studies (MMS) course?

    Ans. A Master of Management Studies (MMS) can only be completed in four years. This only applies to courses that are offered part-time. Despite the fact that many postgraduate courses are not offered part-time, the majority of MMS courses are taught using theoretical and traditional methods, making it possible to take both online and part-time courses.

    Q. Are there any Master of Management Studies (MMS) specializations available?

    Ans. There are subjects that can be used to comprehend the specialty areas covered in the Master of Management Studies (MMS) course, despite the fact that specializations are available. Project management, public policy management, information technology management, and so on. Additionally, these can serve as a guide for Ph.D. specializations that can be pursued with an MMS degree.

    Q. Which platforms offer programs for online education?

    Ans. Several well-known online platforms, including Xaviers Institute, Udemy, and edX, offer the course online.

    Q. How can I get into the MMS course abroad?

    Ans. One must satisfy the course’s eligibility requirements in order to gain admission to overseas colleges and universities. Candidates may be required to pass entrance exams and the English Language Proficiency Test in addition to basic eligibility.

    Q. What are the course’s minimum costs?

    Ans. The minimum tuition for the course varies from college to college, but the minimum tuition you must pay to earn an MMS degree is INR 50,000 per year on average.

    Q. What kinds of jobs are available after completing MMS?

    Ans. Consultant managers, bank managers, brand managers, finance managers, and others.

    Q. In India, are there any Master of Management Studies scholarships available?

    Ans. In India, scholarships may be available for the Master of Management Studies program. It depends on the b-school’s scholarship and fee waiver policy. Some offer discounts and waivers based on payment modules and timing, while others offer scholarships based on past academic performance. Additionally, a lot of well-known business schools in India offer financial aid to deserving students from financially disadvantaged backgrounds.

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