Master in Marketing
Management is a two-year grasp diploma program, the
minimal eligibility bachelor's degree from a diagnosed institute and school or
its equal exam. MMM degree is the
software of consumer-orientated advertising thoughts and methodologies and
challenges. The Masters in Marketing Management guides may be pursued with the
aid of using college students in an extensive type of school in India.
Marketing Management is the analysis, planning,
implementation, and manipulation of packages designed to create, construct and
hold useful exchanges with goal shoppers for attaining organizational
objectives. Master in Marketing Management's direction covers all advertising
control aspects, along with valuable regions of advertising control like business advertising, advertising studies
from the theoretical and realistic perspective, advertising management,
purchaser behavior, etc.
The
Master in Marketing Management
direction content material emphasizes the examination and application, in place
of mere marketing. The length of the Master in Marketing Management route is
years (in a few instances it can be greater or much less than this relying on
unique institutes' guidelines and regulations) and it's far profession
orienting in nature that opens many processes and fields for them.
The
course instructs graduates for an extensive kind of professional paths inside
the public, personal, and not-for-earnings sectors. Career openings lie in
areas like advertising and marketing management, technical writing, sales,
consulting, training, etc. Candidates may also locate jobs in laptop companies,
stores, application companies, meal producers, production companies, artwork
organizations, and production companies.
Such
postgraduates are employed in capacities together with Associate Professor,
Consultant, Management Trainee, Business Manager, Assistant Manager, Sales
Operations Associate, Marketing Communication manager, Business Process Analyst,
Demand Supply Advisor, Relationship Manager, etc. average salary of the candidates in this field is INR 6,25,000.
Given below are some of the main highlights of the Mater of Marketing Management course:
Particular | Value |
Course Name | Master in Marketing Management |
Course Level | Postgraduate |
Course Duration | 2 years |
Eligibility Criteria | Bachelor's Degree with a minimum of 50% from a recognized university |
Examination Type | Semester based |
Admission Process | Entrance Exam and Merit Based |
Age | No age limit |
Average Annual Fee | INR 10,000-8,00,000 |
Average Annual Salary | INR 2,00,000-12,00,000 |
Top Recruiters | Exim, SEA, Al Futtaim Kaybee, RAK Bank, KOJ Establishment, Ranbaxy Fine Chemicals India, Sony, Al Ghanim, Spencer’s Retail Ltd India, Avalon Consulting, Strategic Foods, KPMG, Raymond Ltd, AW Rostamani, Landmark, Tata Consultancy Services Ltd India, Reckitt & Benckiser, Cognizant Technology, Landmark, Retail, Solutions India, Redington, Tech Mahindra, Gulf, etc. |
Employment Areas | Education & Research Institutes, FMCG companies, Catering Organizations, Sales, Banks, Retail, IT Companies, etc. |
Job Profile | Associate Professor, Consultant, Management Trainee, Zonal Business Manager, Assistant Manager, Sales Operations Associate, Marketing Communication manager, Business Process Analyst, Demand Supply Advisor, Relationship Manager, Marketing Executive, Project Manager, Operations Manager, Business Development Manager Process Analyst, Consultant, Senior Marketing Manager |
(1).
Growth of the Indian market
India
has witnessed significant economic growth over the past few decades, and its
market continues to expand rapidly. Pursuing a Master's in Marketing Management
in India allows you to understand the dynamics of this growing market and gain
insights into the unique challenges and opportunities it presents.
(2).
Diverse consumer base
India
is a diverse country with a vast and varied consumer base. By studying marketing
management in India, you can learn how to cater to the needs and preferences of
diverse groups of consumers. This knowledge can be valuable not only in India
but also in other global markets with diverse populations.
(3).
Industry exposure
India
is home to a thriving business ecosystem, including multinational corporations,
domestic companies, startups, and a booming e-commerce sector. Studying
marketing management in India provides you with ample opportunities for
internships, projects, and industry collaborations, allowing you to gain
practical experience and build a strong professional network.
(4).
Global perspective
While
focusing on the Indian market, studying marketing management in India also
exposes you to global marketing trends and practices. Many Indian companies
operate internationally, and understanding global marketing strategies can
enhance your employability both within India and on an international scale.
(5).
Affordable Education
Compared to many other countries, pursuing a Master's degree in India can be relatively more affordable. Tuition fees and living expenses in India are often lower than in Western countries, making it an attractive option for students looking for quality education without substantial financial burden.
Students
need to make sure that they fulfill the eligibility standards for an MMM in
India. MMM admissions are performed via front examination ratings or on an
advantage basis. Admission approaches may also range throughout one-of-a-kind
Master in Marketing Management universities in India.
This
course is for students who want to learn all there is to know about marketing
from the ground up. Full-time Master
Marketing, part-time Master Marketing, and distance Master Marketing are
the 3 types of this program. The following is information on the various forms
of Master Marketing:
(1).
Distance
In
India, the UGC and DEB acknowledge distance
Master in Marketing Management programs. For government or private sector
positions, they are treated the same as a standard MBA. The duration varies
from 1-2 years depending on the college and it is for students who can't take
up full-time Master Marketing courses.
(2).
Full-Time
The
duration of the full-time Master in
Marketing course is 2 years and students must take courses, submit
assignments and pass exams on campus. In a full-time Master Marketing program,
students will gain a lot more exposure, experience, and knowledge by engaging
directly with their peers and lecturers.
(3).
Part-Time
Students
can complete the part-time Master in
Marketing program in three years and at their own pace. This program is
meant for the aspirants who want to continue working for their organizations
and pursue the Master Marketing course side by side. Several prestigious
universities in India offer this program.
Admission to the MMM path in India is in particular via front examinations. Entrance assessments for a Master in Marketing Management in India are normally performed at the college level. The maximum not unusual place tests that maximum applicants follow to are as follows:
CAT | GMAT |
ATMA | XAT |
SNAP | MICAT |
MAT | CMAT |
Required skills for the Master in Marketing Management program are provided in the table given below:
Critical Approach | Understand Customer Psychology |
Strategic Thinking | Team Work |
Mathematical Ability | Good Communication Skills |
Reasoning Skills | Problem-Solving Skills |
Analytical and Leadership Skills | Leadership Quality |
Entrepreneurial Skills | Ability to understand different ideas |
The Master in Marketing Management fees ranges from INR 10,000-8,00,000 PA. The charges might also additionally range consistent with the university or college primarily based totally on the kind of institute, location, infrastructure, faculties, and centers available. Below indexed are the MMM route charges of a few colleges:
Name of College | Average Annual Fee |
Symbiosis Institute of Business Management, Pune | INR 7,85,000 |
ICFAI Foundation for Higher Education, Hyderabad | INR 7,00,000 |
K J Somaiya Institute of Management Studies and Research, Mumbai | INR 3,50,000 |
Christ University, Bangalore | INR 7,00,000 |
Admission
is exactly provided to handiest the one's college students who clean the Master
in Marketing Management eligibility criteria. The listing of shortlisted
applicants may be availed via the college’s legit website and may be
knowledgeable thru electronic mail concerning the end result and the additional
admission process.
(3).
Course Comparison
Master
in Marketing Management v/s MBA in Marketing Management
The table below the variations between a Master in Marketing Management and MBA in Marketing:
Parameters | MMM | MBA in Marketing Management |
Course Name | Master in Marketing Management | Master of Business Administration in Marketing Management |
Course Overview | Master in Marketing Management is a two-year grasp diploma program, the minimal eligibility bachelor's degree from a diagnosed institute and school or its equal exam. MMM degree is the software of consumer-orientated advertising thoughts and methodologies and challenges. | MBA in marketing management in India is a postgraduate course of two years. It is one of the most opted course specializations in the field of Marketing. The students learn advanced marketing concepts like digital marketing, consumer behavior, advertising, and other facets of the area. |
Course Duration | 2 years | 2 years |
Eligibility Criteria | Bachelor's Degree with a minimum of 50% from a recognized university | A minimum of 50% average marks in graduation from a recognized university |
Course Stream | Management | Management |
Average Annual Fees | INR 10,000-8,00,000 | INR 7,00,000-20,00,000 |
Entrance Exams | CAT, XAT, NMAT, SNAP, etc. | CMAT, MAH CET, GMAT, TAN CET, etc. |
Top Colleges | SP Jain Institute of Management, Symbiosis Institute of Business Management, ICFAI Foundation for Higher Education, K J Somaiya Institute of Management Studies and Research, etc. | IIT Kharagpur, Indian Institute of Management, IIT Roorkee, IIT Madras, etc. |
Read
More: MBA in Marketing Management
Various institutes offer MMM courses. Students can opt for the best Master in Marketing Management colleges depending upon their merit and specialization needed. Given below are some of the top institutes in India that offer the Master in Marketing Management course:
Name of College | Average Annual Fee(INR) |
IMT, Ghaziabad | INR 8,25,000 |
Vinod Gupta School of Management, Kharagpur | INR 3,12,000 |
Department of Management Studies IIT Delhi, New Delhi | INR 7,00,000 |
Shailesh J Mehta School of Management IIT Bombay, Mumbai | INR 1,25,000 |
University of Delhi | INR 7,00,000 |
SP Jain Institute of Management | INR 8,00,000 |
NMIMS | INR 8,00,000 |
ICFAI Business School, Hyderabad | INR 6,25,000 |
Jamnalal Bajaj Institute of Management Studies | INR 3,00,000 |
Marketing
Management graduates can work in a variety of fields in both the private and
public sectors. They work in an extensive variety of settings, consisting of
banks, monetary organizations, and different businesses. To point out some
jobs, could feature as an advertising manager, emblem manager, marketplace
studies analyst, or income manager.
Those candidates who have finished their Master in Management degree may work as:
Job Profile | Job Description |
Marketing Manager | The Marketing Manager is in charge of creating and developing implementation and execution of strategic marketing plans for a company or entire organization to catch potential clients and retain existing customers also. |
Sales Manager | Sales managers supervise the income team. They work immediately with salespeople, assigning income territory, and quotas, mentoring salespeople, assigning income training, and growing an income strategy. Sales managers study income records to estimate income ability and requirements. |
Relationship Manager | Relationship managers are responsible for dealing with individual clients and advising them on numerous banking and financial products as well as providing services offered by banks. |
Assistant Manager | Assistant Managers are responsible to help a manager keep the stores running often taking via a few managerial obligations and overseeing personnel and imparting respectable patron service. |
Market Research Analyst | Market studies analysts are advertising specialists who help organizations in determining their market position so that their products and services can be promoted appropriately. They take a look at the competition and their advertising techniques, in addition, to studying and acquiring information from customers. They have a take observe patron choices to look if a service or product can expand. |
Marketing Manager | An advertising and marketing supervisor is a person who manages the advertising and marketing of an organization or a product. He or she can be chargeable for numerous applications or products, or a selected one. Unauthorized feedback is prevented with the aid of using advertising and marketing managers, who tell the general public that the organization is reviewing and rectifying the product line. |
Associate Professor | Associate Professor is in charge of academic discipline research and teaching responsibilities as suitable and must be designed to support and help the needs of the departments of the college. |
Brand Manager | Brand managers are in price of making certain that the products, services, and product traces that belong inside their area are attractive to give and potential customers. They are in price of maintaining a brand of marketplace tendencies and supervising marketing and marketing and marketing sports to make certain that the supposed message for selected services or products is conveyed. |
Consultant | Consultants are in charge to help the organization through expertise and advice to enhance their business performance regarding profitability, operations, management structure, and strategy. |
Several organizations in India hire people who have completed a marketing management program. Marketing managers' employment and category are decided through their academic credentials and competencies. Companies lease them for the roles and profiles indexed above. The following are a number of the maximum famous recruiting firms:
Bharti Airtel | Hindustan Unilever |
Vodafone Plc. | Tata Motors |
Colgate | Hindustan Unilever Limited |
L’Oreal India | Volkswagen |
Sony India | PepsiCo |
Hero Motocorp | LIC |
Nestle | Mahindra & Mahindra |
Johnson & Johnson | Amazon |
Average
Salary for Master in Marketing Management
After completing a Marketing Management course, students will have a range of employment opportunities. There are loads of professional possibilities to be had relying on one's instructional historical past and, of course, experience. In order to get the preferred career in a company, college students ought to have academic qualifications and experience.
Job Role | Average Annual Salary(INR) |
Relationship Manager | INR 3,00,000-4,00,000 |
Sales Manager | INR 7,00,000-8,00,000 |
Marketing Manager | INR 6,00,000-7,00,000 |
Brand Manager | INR 9,00,000-10,00,000 |
Associate Professor | INR 5,00,000-6,00,000 |
Market Research Analyst | INR 5,00,000-6,00,000 |
Consultant | INR 8,00,000-9,00,000 |
Candidates
who have completed the Master in Marketing Management have a wide variety of
job opportunities in the private and government sectors as well. They may do
marketing through web designing, social media, pay-per-click, search media
optimization, search engine optimization, and articles.
After
of entirety of the MMM course, the graduates can discover jobs in regions like
Academic Institutions, Education& Research Institutes, FMCG companies,
Catering Organizations, Sales, Banks, Retail, IT Companies, Recruitment
Advertising Industries, etc. The graduates may even observe for us or NET/SET.
Clearing those checks to make a profession similar to inside the Marketing
Management sector. Some activity roles supplied to graduates are:
(i). Business
Operations Manager
(ii). Executive Manager
(iii). Operations/Marketing Manager
(iv). IT Services Marketing Head
(v). Project Managers
After
finishing touch of a MMM course, the applicants can pick to soak up jobs or can
maintain their similar studies. An extra diploma inside the equal area improves
process opportunities. Obtaining better training can assist graduates research
greater approximately the situation and input the sector of Marketing
Management. Additionally, it could additionally assist them to boom their
salary. Some higher education options are:
(i). PGDM
(ii). Ph.D
(iii). MBA
Some
college students are interested in studying approximately advertising and
marketing control approaches that address merchandise and consumer
satisfaction. Studying special managerial approaches in an organization or unit
approximately Marketing Management helps scholars to attract evaluation and
observations and put them into effect professionally within the future.
The MMM path is wide-ranging and deep with inside the topics it explores the
extraordinary tactics of Marketing Management. Some required skills are:
(i).
Management Skills
(ii). Technical Skills
(iii). Communication
(iv). Problem-Solving Skills
(v). Analytical Skills
(7).
FAQs
(1). What is a Master in Marketing
Management?
Ans.
A Master of Arts in Marketing Management is designed for college students who
need to hold their formal schooling after finishing an undergraduate degree.
This superior program is primarily based totally on the arts and social
sciences and gives college students a well-rounded postgraduate education.
(2). What is the duration of the MMM
course?
Ans.
The duration is 2 years.
(3). What are the eligibility criteria
for the MMM course?
Ans.
The minimum eligibility is a bachelor's degree from a recognized institute and
college.
(4). What is the common charge of a
Master in Marketing Management?
Ans.
The average fee for the course is INR 10,000-8,00,000.
(5). Is a Master of Marketing similar
to an MBA?
Ans.MBA
and Master of Marketing college students can also additionally take a few of
the equal advertising courses, relying on the school. However, the MBA program
consists of numerous sets of instructions that cross past marketing. MBAs,
further to marketing, take widespread control of middle instructions in regions
that include finance, operations, and strategy.
(6). What are the subjects protected
in marketing?
Ans.
Market analysis, promotion, purchaser behavior, emblem management, quantitative
methodologies, virtual advertising and marketing, advertising, and marketing
ethics are all topics in advertising and marketing.
(7). What abilities are vital for the
Marketing Management course?
Ans.
The competencies important for the Marketing Management direction are
Analytical competencies, Communication competencies, Marketing competencies,
Interpersonal competencies, Numerical ability, Brand awareness, and
Relationship Building.
(8). What precisely is the motive of
advertising and marketing management?
Ans.
Marketing control is described because the planning, arranging, managing, and
enforcing of advertising and marketing activities, strategies, plans, and
methods intended to create and grow delivery for a firm's product variety or
offerings that allows you to generate a profit.
(9). What are the professional
alternatives with inside the Marketing Management course?
Ans. The
professional alternatives after the Marketing Management route are Marketing
Manager, Brand Manager, Market studies analyst, and Sales manager.
(10). What are the seven exclusive
styles of net marketing?
Ans.
Social media marketing, influencer marketing, associate marketing, e-mail
marketing, content material marketing, search engine optimization (SEO), and
paid marketing and marketing are the seven kinds of net marketing.
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