M Phil Business Management Course, Admission, Top Colleges, Syllabus, Jobs and Salary, 2023

MPhil in Business Management is a two-year postgraduate course. It is a higher disciplinary course that includes research, analytics, and writing assignments like a dissertation in the field of business management.

Pursuing candidates must complete their post graduation in relevant subjects with at least 55% aggregate to get admission.

See More: MBA Business Management

Admission to this course is selective and is done by both merit and entrance tests. However, some institutions might take an interview before giving admission.

The major topics that will be covered in this course include Marketing, General Management, Human Resources, Finance, etc.

Candidates who opt for an MPhil in Business Management can look for opportunities in the academic field, Colleges and universities as a professor or a teacher, Food Chemistry, Vegetable and Cereal Technology, Dairy and Poultry Technology, Food Quality Control, etc. 

The starting salary for a freshman is about 3 lakhs to 9 lakhs LPA. Candidates who want to become Senior Manager, Senior Programmers, Foremen, Assistant Managers, Trainee, Manager, etc. usually go after this course.

M Phil Business Management: Course Highlights 

Few of the highlights of this course are given below:

Course Level Pre-Doctorate
Full-Form M.Phil. (Masters in Philosophy) In Business Management
Duration 1 year
Eligibility Must be a postgraduate and score min. 55% in the college entrance exam.
Admission Process The 1st stage is to clear the entrance exam, and the 2nd stage is the face-to-face interview to judge the aspirant’s communication skills and confidence.
Entrance Examination Type An entrance exam is conducted by the institution; College/university
Average Salary INR 2,50,000 PA – INR 8,50,000 PA
Course Fee INR 30,000 PA
Top Recruiting Companies Rashtriya Chemicals and Fertilizers Ltd., Mineral Exploration Corporation Ltd., Business Sectors, RFC Ltd., Research Fields, Dedicated Freight Corridor Corporation of India Ltd.
Job Profile Senior Manager, Senior Programmers, Foremen, Assistant Managers, Trainee, Manager

Why should you do M Phil Business Management? 

  • Every student wants such a course that provides full employment options.
  • M.Phil. in Business Management is such a career that an aspirant should opt for. M.Phil. in Business Management has brought a vast placement in the industry after completing their respective degrees.
  • Students of this group have a wide range of areas for specialization like Marketing, General Management, Human Resources, Finance after completion of this course.

M Phil Business Management: Course Advantages 

  • M.Phil. in Business Management is a course which is based on research. It is a higher disciplinary course that includes research, analytics, and writing assignments like a dissertation. In the field of management, the basic study a person does is some research and they also practice the latest business management and its changing scenarios.
  • There are some technical papers which are studied in this course namely General Research Methodology and Techniques for Management Research. Also, different courses are offered aside from the management department.
  • They are named as the international human resource management advanced marketing management, management economics, recent trends, HRM and OB, financial marketing, strategic development.
  • In this course the aspirants will be asked to do analysis, in-depth research, the strategy options, tools, and techniques, also the qualitative research, and these types of studies are being done in this course.

What is the M Phil Business Management Admission Process?

Admissions in Bachelor courses are also done through both merit and entrance exams.

Direct Admission 

The admission process of M Phil in Bioinformatics may depend on the respective Institutes. However, the general admission procedure is mentioned below : 

  • Application form: The candidates ought to apply for the course online or offline. 
  • Reading the instructions: The candidates should go through the instructions before filling the application form.
  • First cum first serve: For the most cases, they will be selected for admission on a first cum first serve basis due to limited availability of seats. 
  • Documents verification and fee payment : The final process of admission would require the candidates' verification of all the documents and payment of fees, as per the rules of the institutes. 

Entrance Exam Based Admission

  • Most of the reputed colleges, provide enrollment on the basis of scores obtained in entrance examination followed by a counselling process.
  • Based on the combined marks, students get enrollment. In counselling, there are two rounds including group discussion and personal interview. In both rounds, the general aptitude and knowledge of the candidate is examined.
  • Accordingly, a merit list is then issued by each college or universities announcing the qualifying marks or name of desired candidates.
  • Enrolling for entrance exam based admission have to sit for the entrance exam and they should qualify for the exam as per the qualifying merit list provided by the institution. 

Do I qualify for M Phil Business Management Eligibility Criteria? 

  • Researchers, corporate workers, academicians, and others all are eligible for M.Phil. in Business management course.
  • Also, one must have to hold a Bachelor’s Degree in their particular stream which they are in.
  • Only the candidates who score 55% minimum in the entrance test all are eligible, so only they can apply for M.Phil. in Business Management.
  • There is a 5% relaxation given to the candidates who come from the SC/ST category.

What are the top M Phil Business Management Entrance Exams? 

Top M Phil Business Management Entrance Exams are:

  • University of Calcutta, Kolkata M.Phil Admission Test: Kolkata M.Phil Admission Test is conducted by University of Calcutta for Students who are taking MA Exam or are taking their Final Semester Exam in Business Management may sit for the admission test; however, the final admission of the candidate will depend on clearing the MA examination and obtaining the required marks as mentioned above.
  • National Eligibility Test (NET): UGC-NET is a test conducted by the National Testing Agency on behalf of UGC to select Indian nationals for the position of Assistant Professorship and or Junior Research Fellowship for Indian Universities and Colleges. This test is equally important for securing M.Phil admission to a good university.
  • State Eligibility Test (SET): SET examination is conducted at the regional level. Thus states and union territories were given the opportunity to conduct their own entrance test in their mother language for the post of lecturer.
Entrance Exam Registration Date Exam Date
CSIR UGC NET July 11 – August 10, 2022 September 2022
UGC NET April 30 – May 30, 2022 July 9 – July 12, 2022, and August 12 – August 14, 2022
ICAR AICE JRF/SRF July 21 – August 19, 2022 To be announced
JNUEE  October 31 – November 20, 2022 December 07 – December 10, 2022
GPAT February 16 – March 17, 2022 April 9, 2022
VITMEE March 1 – May 20, 2022 June 4 and June 5, 2022

 M Phil Business Management: Entrance Exam Preparation Tips 

  • Divide your schedule: Studying without a deadline isn’t something that candidates can afford, therefore they must assign their days to certain topics and finish them within the deadline.
  • Revision is the Key: Candidates should not keep revision for the last minute. They should keep revision sessions for regular intervals. They should make some crisp notes for the last minute reading and avoid unnecessary panic before the exam.

M Phil Business Management: Tips to get Best College

  • Candidates aspiring for a career and admission in a good M.Phil college should have secured at least 55% marks in Master of Arts in Business Management.
  • Maintain a good performance record while pursuing a Master's Degree in a related subject.
  • Shortlist some colleges/ universities you wish to take admission to. Not all states have top colleges in MPhil Business Management. Thus, be prepared to relocate.
  • Since M.Phil is mostly a 2-year course, keep a watch on courses that can be completed to boost career options.

M Phil Business Management: Top Colleges

Many colleges are offering this course in India. Some of the top colleges offering this course are listed below – 

M Phil Business Management: College Comparison 

College Comparison between Aligarh University and Chandigarh University.

Parameter Aligarh University Chandigarh University
Objective The Aligarh University offers an M.Phil program in Business Management. The institute ranks 31 in the country. Chandigarh University is ranked 84 in India according to NIRF has a 1-year M.Phil program. Candidates have to clear their entrance test to gain admission.
Location Aligarh (Uttar Pradesh) Chandigarh
NIRF Ranking 2020 31 84
Duration 2 year 2 year
Average Annual Fee 48,500 INR 15,000 INR

M Phil Business Management: Syllabus 

  • The duration of M.Phil. in Business Management is of 1 year, which has 2 semesters. The 1st semester is of 8 months and the 2nd is of the remaining months which is 4.
  • The 1st semester of M.Phil. in Business Management which is of 8 months, includes specialization of the papers, research, and core papers. The next semester or the remaining 4 months given for preparing the dissertation (written assignment) and learning various kinds of skills that help a person to work in the field. The skills include computer skills, practical training, communication skills, and discussion skills.

M Phil Business Management: Recommended Books 

Some of the important reference books are mentioned below:

Name of The Book Author
Principles of Business Management Arun Kumar, ?Rachana Sharma
Project Business Management Oliver F. Lehmann
Competitive Business Management Silvio M. Brondoni 
Small Business Management Meir Liraz 

M Phil Business Management: Course Comparison 

All these degrees may sound similar. But these are different courses. Below is mentioned the comparison of all these courses:

See More:

Parameters M.Phil. in Business Management M.Phil. in Commerce
Duration 1 Year 2 Years
Eligibility One must have to hold a Bachelor’s Degree in their particular stream. Completed masters or a holder of an equivalent degree in any relevant field from a renowned university or college, and passed with min. 55% marks.
Admission Criteria Those who score 55% minimum in the entrance test all are eligible; they can apply in this course. There is 5% relaxation given to the candidates who come from SC/ST category. Those who score 55% in the entrance exam (minimum marks an aspirant can obtain) in the respective subjects they can able to get admission in this course.
Average Course Fees INR 30,000 PA INR 1 LPA - 3 LPA
Employment Options Finance Senior Manager, Assistant Manager, Senior Manager, Senior Programmer, Foremen, Assistant Manager, Trainee, and Manager Lecturer, Consultant, Finance Manager, Accountants, Financial Advisor
Average Placement Package INR 2.5 LPA - 8.5 LPA INR 1 - 5 LPA

M Phil Business Management: Job Prospects 

Top Job Profile and Average Salary are given below:

Job Profile Average annual Salary
Assistant Manager INR 4 LPA - INR 9 LPA
Finance Senior Manager INR 3 LPA - INR 12 LPA
Manager INR 3 LPA - INR 6 LPA
Senior Programmers INR 4 LPA - INR 7 LPA
Trainee INR 2 LPA - INR 4 LPA

Future scope after M Phil Business Management

  • With the help of an M.Phil in Business Management, students will be able to make their careers in the field of Business Management and can get a job as an Business Manager.
  • Postgraduates who have cleared their NET/SET can start a teaching career as a Business Management teacher in colleges/ institutes.
  • Government Jobs: If you are interested in working in the government sector, then pursuing an M.Phil can be a good career choice.
  • Candidates who are interested in doing further research can opt for a PhD Business Management.

See Also Top PhD Management Colleges in India

M Phil Business Management: FAQs 

Ques. Is NET necessary for M.phil?

Ans. NET or any kind of entrance examination is mandatory for courses like M.phil and PHD at top universities.

Ques. Is M.Phil. higher or PHD higher?

Ans. M.Phil means Master of philosophy and PHD means Doctor of Philosophy. PHD is higher than the M.Phil course. However a person can do PHD without having done a M.Phil. 

Ques. Has MPhil been discontinued?

Ans. As part of the National Education Policy (NEP), MPhil has been discontinued and interested students can directly opt for PhD after their post-graduation. This is with a view to aligning a higher degree with Western models of education. However, some universities are still offering the MPhil programme as a new education policy is yet to be implemented.

Ques. Can M.Phil. degree make you a doctor?

Ans. No, an M.Phil degree cannot make you a doctor. Doctor is a person who have a PHD

Ques. Where can I get previous year questions of NET Business Management?

Ans. There are so many books available in the market that sell previous year examinations papers, You can refer to them. Also no a days we get everything online, there are many websites that provide the previous year papers for free in just few minutes.

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