MMS is a 2-year PG program that provides advanced general management knowledge. It can be pursued by those who hold a UG degree in management or any other field. The course has been designed to offer managerial and leadership skills to the students.
This course is rather new in India and is currently offered by the institutes available in Maharashtra. The admission is based on the scores secured in the entrance exam. The institutes consider the scores of aptitude tests like CAT, XAT, CMAT, MAT, ATMA, etc. MHT-CET is the most common exam considered by the institutes of Maharashtra. Check MBA Full Form
The average course fee of the institutes offering the course is around INR 50,000 to INR 5,00,000 per annum. Some of the institutes that offer MMS courses are IIT Bombay, KJ SIM, TIMSR Mumbai, etc.
After completion of the MMS course, the candidates can find jobs in banks, business consultancy firms, advertising and marketing companies, NGOs, educational institutes, export companies, financial organizations, industries, and MNCs. The course offers entry-level management positions like that of management trainees, financial service analysts, sales executives, etc.
Some of the top companies that hire MMS graduates are Amazon, Flipkart, Wipro, HDFC, TCS, Amul, Infosys, etc. The average salary of these graduates is expected to be around INR 4,00,000 to INR 8,00,000 per annum, which will increase eventually with experience.
Table of Content
2.1 Why Study?
3.1 Eligibility
3.3 Entrance Exams
4.1 Full Time
4.2 Online
5.2 Top Colleges
6.1 Subjects
9.1 Top Recruiters
MMS: Course Details
Some of the basic details about the MMS course has been mentioned in the table below:
| Course type | Postgraduate |
| Course Duration | 2 years |
| Course Examination Type | Semester-wise |
| Course Eligibility | Bachelor’s degree |
| Course Admission process | Entrance Exams |
| Course Fee | INR 50,000 - INR 5,00,000 per annum |
| Course Average Salary | INR 4,00,000 - INR 8,00,000 per annum |
| Top Recruiting companies | Wipro, Amazon, TCS, ITC, Flipkart, Amul, HDFC, Infosys, etc. |
| Job Position | Management Trainee, Account Manager, Financial Analyst, Sales Manager, Marketing Manager, etc. |
About the MMS Course
- Master in Management Studies is a 2-year postgraduate program that introduces all the business management subjects.
- It has been designed to offer managerial and leadership skills to the students.
- The course includes subjects like Perspective Management, Financial Accounting, Business Statistics, Operations Management, Managerial Economics, Marketing Management, Human Research Management, Business Research methods, etc.
- The course offers specialization in 5 areas i.e, Finance, Marketing, Human Resource, Information Systems, and Operations.
- The MMS course seems to be confused with MBA, but it is an entirely different pursuit. It is designed for freshers, who have just graduated and looking to expand their knowledge of management studies or planning to switch domains into management studies.
Why StudyMMS Course?
Some of the reasons why students should study MMS is:
- MMS course opens up a new cluster of opportunities for a career in the management domain, more focused on the groundwork laid down by an MBA.
- It offers a vast career prospect as the course has spawned more job profiles and increased demand for management students.
- It offers a platform to jump-start a career in management without having years of experience.
- The tuition cost for MMS is almost half of the MBA, even after pursuing the course from an equally established B-School.
MMS: Admission Process
- Since the MMS courses are offered mostly in the state of Maharashtra, they are carried out under the strict guidelines laid down by the Directorate of Technical Education (DTE), Govt of Maharashtra.
- The admission into the MMS course is based on aptitude tests like MHT-CET, CAT, CMAT, XAT, etc, and CAP round conducted by DTE, followed by group discussion and personal interview.
- The candidates who have cleared the cut-off in any of the above-mentioned exams can then apply to the institutes for the MMS program, both online and offline.
Eligibility
The candidates who are interested in applying for the MMS program should fulfill the following eligibility criteria:
- They should have a bachelor's degree in the field of study from an institute recognized by the Ministry of HRD, Govt of India.
- They should have a minimum aggregate of 50% or 45% for the backward class categories.
MMS Admissions 2023
- Once the admissions window is open, the candidates can visit the online website of the institute offering the MMS program.
- They will have to register themselves and fill the online application form along with the scores of any of the aptitude exams they have appeared for.
- There are various exams that will be held in the duration of November 2023 to February 2024. Currently, the registration for XAT is going on. CMAT and MAT registrations will start from November,
- Once the candidates are done with filling the application, they will have to pay the application fees.
- The candidates will be evaluated based on their aptitude test scores and the CAP round.
- Then the merit list of the shortlisted students will be released and they will be called for group discussion and a personal interview.
- The students selected will be sent an offer letter for admission.
- Once the candidate accepts the offer letter and pays the admission fees, they will be enrolled in the course.
MMS Course: Entrance Exams
| Exam Name | Registration Date | Exam Date |
|---|---|---|
| MHT CET | February 10, 2023 to May 15, 2023 | June 15, 2023 to June 20, 2023 |
| CAT | August 3 – September 21, 2022 | November 27, 2022 |
| CMAT | December 26 – February 25, 2023 | March 26, 2023 |
| MAT (February Session) |
December 27 – February 14, 2023 (PBT Mode) December 27 – February 21, 2023 (CBT Mode) December 27 – February 27, 2023 (CBT Mode) |
February 19, 2023 (PBT Mode) February 26, 2023 (CBT Mode) March 04, 2023 (CBT Mode) |
| XAT | August 10 – December 12, 2022 | January 08, 2023 |
MMS Course: Types of Courses
Master of Management Studies is offered mainly as a full-time course. The online courses are not available for MMS, since they are offered only by the institutes available in Maharashtra. MBA courses are available more in the online form than MMS.
Full Time
- MMS courses are usually offered full-time for a duration of 2 years. It consists of 4 semesters.
- The full-time course is ideal for those who wish to enhance their knowledge of business management subjects and want to strengthen their career in the corporate world.
- During the full-time course, the students will undergo case studies, live projects, role-play, paper presentations, discussions, brain storing exercises, etc.
- The course will also offer excellent placement opportunities in-campus.
Online
The online programs offer an opportunity to take classes from top foreign universities from the comfort of our house. The students can complete the online courses at their own pace and can get the certificate once they have completed the course. Some of the online courses available in management studies are mentioned in the table below:
| Course name | Platform | Fees (INR) |
|---|---|---|
| Elevate your Managerial Approach | Harvard Business School Online | INR 1,18,640 |
| Essential Management Skills | International Business Management Institute | INR 1,112 |
| General Management | London Business School | INR 29,62,980 |
MMS Course: Distance Education
- The distance learning course in Master of Management Studies (MMS) is a 2-year course. The students can finish the course within 3 or 4 years.
- The course offers video lectures and provides prescribed books for self-study. They also conduct classes for counseling.
- The subjects taught are similar to that of the full-time course.
- The distance learning courses are for working professionals who wish to gain a master’s degree.
Admission Process
- The admission into the MMS course is based on aptitude tests like MHT-CET, CAT, CMAT, XAT, etc, and CAP round conducted by DTE, followed by group discussion and personal interview.
- The candidates who have cleared the cut-off in any of the above-mentioned exams can then apply to the institutes for the MMS program, both online and offline
- They will have to register themselves and fill the online application form along with the scores of any of the aptitude exams they have appeared for.
- Once the candidates are done with filling the application, they will have to pay the application fees.
- The candidates will be evaluated based on their aptitude test scores and the CAP round.
- Then the merit list of the shortlisted students will be released and they will be called for group discussion and a personal interview.
- The students selected will be sent an offer letter for admission.
- Once the candidate accepts the offer letter and pays the admission fees, they will be enrolled in the course.
Top Colleges
| College Name | Average Fees |
|---|---|
| ICFAI Foundation of Higher Education | INR 60,000 |
| IIM Ahmedabad | INR 20,00,000 |
| Xavier Institute of Business Management Studies | INR 45,900 |
| Indian School of Technology and Management | INR 39,900 |
MMS Course: Syllabus
| Semester 1 | Semester 2 |
|---|---|
| Perspective Management | Marketing management |
| Financial Accounting | Financial Management |
| Business Statistics | Operations Research |
| Operations Management | Business Research Methods |
| Managerial Economics | Human Resource Management |
| Semester 3 | Semester 4 |
| International Business | Digital Transformation Management |
| Strategic Management | Final Project |
| Enterprise Management Systems | Strategic Information Technology Management |
| Big Data Business Analytics | Managing Technology Business & IT Resource Management |
| Digital Entrepreneurship | Knowledge Management |
MMS Course: Top Colleges
Read More, Top MMS colleges
MMS Course: College Comparison
A comparison has been done among the top 2 institutes that offer MMS courses based on the parameters like ranking, exams accepted, fees, salary, top recruiters, etc.
| Parameters | IIT Bombay | KJ Somaiya Institute of Management |
|---|---|---|
| About the College | IIT Mumbai is the 2nd IIT to be established after IIT Kharagpur. It is an institute of national importance and is well known for engineering, ranked 3rd by NIRF among the top engineering institutes. It also offers courses in management and holds 10th position for management studies. | KJ Somaiya is a private autonomous B-school affiliated with Mumbai University. It offers PG courses in management and is ranked 56 by NIRF, among the top management schools in India. |
| Entrance Exam Accepted | CAT | MHCET, CAT |
| Location | Mumbai | Mumbai |
| Average Fees | INR 4.37 lakh | INR 3.33 lakh |
| Average Salary | INR 17.91 lakh | INR 9.4 lakh |
| Top Companies for placements | Google, Microsoft, Amazon, TCS, Goldman Sachs, etc | Infosys, Accenture, ICICI Bank, HDFC, TCS, JP Morgan Chase & Co, Wipro, etc |
MMS Course: Top Colleges Abroad
- In foreign countries, the MMS course can be offered as MS in Management Studies, MSc in Management Studies, or Masters in Management.
- To apply for any of the courses, the candidates are required to have a bachelor’s degree in a relevant field and they should have appeared for GRE or GMAT.
- They will also have to provide proof of English language proficiency. For this, they will have to appear for IELTS, TOEFL, or any other standardized tests depending on what the institute accepts.
- While applying for the course, they will have to provide official transcripts, a letter of recommendation, a resume, and a statement of academic purpose.
- Once the application is accepted, the international students will have to apply for VISA at least 3 months before they depart.
Some of the abroad institutes that offer Master in Management Studies are mentioned in the table below.
| College Name | Average Annual Fees(INR) |
|---|---|
| London Business School | INR 36,75,738 |
| University of Edinburgh | INR 27,61,825 |
| London School of Economics and Political Science | INR 33,50,344 |
| Boston University | INR 28,80,650 |
| Arizona State University | INR 34,10,900 |
| University of Sydney | INR 50,90,880 |
| University of Manchester | INR 25,60,965 |
| ESMT Berlin | INR 25,35,820 |
| HEC Paris | INR 37,39,260 |
MMS Course: Jobs
- The MMS graduates can find jobs in banks, business consultancy firms, advertising and marketing companies, NGOs, educational institutes, export companies, financial organizations, industries, and MNCs.
- The MMS graduates can easily find entry-level jobs without any prior experience. These jobs are available in bulk when compared to the special job roles available only for MBS graduates.
- The MMS graduates are not selected for higher positions in an organization. But there is a huge requirement of MMS graduates in the budding businesses for many other managerial roles.
- They can start working as a management trainee, financial service analyst, etc and with an experience of 5 - 10 years, they can land into a position of a business development manager, marketing manager, analytics manager, etc.
- The average salary an MMS graduate can expect is around INR 4 - 8 lakh per annum. With 5 years of experience, they can earn around INR 15 lakh, and with 9 - 19 years of experience, they can earn around INR 30 lakh per annum.
Some of the job options available after MMS are mentioned in the table below with its average salary.
| Job Profile | Job Description | Average Annual Salary |
|---|---|---|
| Management Trainee | They work with superiors and find out how to run daily operations, learn leadership skills, run reports and supervise subordinates, etc. | INR 3,98,701 |
| Financial Analyst | Their work is to carefully study the demographics, marketplace trends, and microeconomic factors to help the company make smart investments like issuing their own bonds, splitting stocks, etc. | INR 4,15,429 |
| Sales Manager | Their responsibility is to manage daily sales activity and sales associates, in order to meet, or exceed established sales goals. They work for both retail and non-retail settings. | INR 4,92,160 |
| Marketing Manager | Their work is to help create advertising or merchandising sales campaigns for business products and services. Their job includes research, creativity, advertising, and sales team. | INR 6,78,837 |
| Management Consultant | Their work is to help the organization improve aspects of business like management, productivity, and potential risks and help the company overcome them. | INR 11,75,141 |
MMS Course: Top Recruiters
Some of the top recruiters that hire MMS graduates are mentioned in the table below:
| Amul | Axis Bank |
| Tata Consultancy Services | Airtel |
| HDFC | American Express |
| ITC | Infosys |
| Wipro | Intel Corp |
| Flipkart | Vodafone |
MMS Course: Scope
After completion of the MMS course, the candidates can either look for a job or go for higher education.
Job Scope
There is a huge demand for MMS graduates as they have almost similar knowledge as the MBA graduates but can be hired at a low salary in entry-level management roles. There are abundant positions available for MMS graduates in start-ups, small companies, and fortune companies. It is a diverse field, so the graduates can work in any sector like, technology, finance, consulting, banking, etc.
Higher Education Scope
MMS is a postgraduate program, though a lower degree than MBA but can give similar benefits after a work experience of around 5 years. After completion of a postgraduate program, the candidates can go for doctorate courses if they are interested in research work or want to build their career as a professor.
MMS Course: FAQs
Ques. How can I get admission to the MMS course?
Ans. The admission into the MMS course is based on merit. The students are evaluated based on the scores of the aptitude tests like MHT-CET, CAT, XAT, MAT, CMAT, etc, followed by group discussion and personal interview.
Ques. Is MMS worth it?
Ans. Yes, MMS is worth it. MBA if not pursued from a reputed institute then the initial salary package could be quite low even after paying a hefty amount of tuition fees. But MMS provides value for money. It provides knowledge in subjects similar to MBA with almost one-third of fees and offers entry-level positions in the organizations.
Ques. What is the average fee of MMS Course? Is it more costly than the MBA courses?
Ans. The average fee of an MMS course may range between INR 50,000 to INR 2,00,000. However the government colleges charge less fees as compared to the private ones. MBA is considered to be a costly course in comparison to the MMS.
Ques. Will MMS graduates be able to take on the job roles where a MBA Degree is required?
Ans. It depends on the job profiles as well as the capabilities of the candidates. They can take upto that job role but having a MBA degree increases the chance to get the job.
Ques. How does MMS differ from MBA?
Ans. They both are 2-year postgraduate programs in the field of management, but they both differ greatly. MBA is a specialized course meant for corporate professionals and offers higher managerial posts in an organization. Whereas MMS is a beginner course in management, designed for freshers and those wanting to change their domain. It offers entry-level management positions in an organization.
Ques. Is the MMS course better than MBA or PGDM?
Ans. Yes, the MMS course is a better alternative because for the following reasons:
- It can opt directly after graduation. No need for prior experience or knowledge.
- It is affordable and costly, almost one-third the price of MBA and PGDM.
- It is an internationally recognized course, which is seen to be constantly rising in Asia, Europe, Australia, and Canada.
- It offers entry-level jobs that can be easily obtained with an MMS degree.
- It offers a holistic experience.
Ques. What are the job options available after MMS?
Ans. The MMS graduates can find jobs as management trainees, financial service analysts, account managers, sales executives, etc.
Ques. What is the average salary that an MMS graduate can earn?
Ans. The average salary an MMS graduate can expect is around INR 4 - 8 lakh per annum. With 5 years of experience, they can earn around INR 15 lakh, and with 9 - 19 years of experience, they can earn around INR 30 lakh per annum.
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