Master Of Management Studies (M.M.S.) - Chanakya Institute of Management Studies & Research - (CIMSR), Mumbai

  • Years 2 Years
  • Type Course Post Graduate
  • stream Management
  • Delivery Mode

About Master of Management Studies (MMS)

Master of Management Studies (MMS) is a two-year PG software that gives superior well-known control skills. Anyone with a UG diploma in enterprise management or some other area can reap this credential. This route is designed to offer college students control and management skills.

This course could be very new in India and is now provided through Maharashtra instructional institutions. Admission is primarily based totally on front examination scores. Institutions remember the outcomes of skill ability exams inclusive of CAT, XAT, CMAT, MAT, and ATMA.MHT-CET is the maximum broadly reviewed examination in Maharashtra instructional institutions.

Upon graduating from the Master of Management Studies program, college students can anticipate a wide variety of possibilities now no longer handiest inside the company area but inside the authorities and studies sectors. Among the quality schools imparting the MMS direction are IIM Bangalore, Christ Institute of Management, Xavier Institute of Management, and Savitribai Phule Pune University.

The direction might cost little college students everywhere from INR 80,000-30,00,000 relying on the institution route offers the principal regions of enterprise and control with a strong foundation for entrepreneurs and the management skills required for the growth of any industry.

Some of the task roles graduates begin with consist of Business Development Manager, Marketing Manager, project manager, Financial Analyst, Operations Manager, Process Analyst, Senior Marketing Manager, Senior Business Analyst, and Marketing Executive.

Some of the pinnacle agencies that lease MMS graduates are Amazon, Flipkart, Wipro, HDFC, TCS, Amul, Infosys, etc. The average salary of these graduates is expected to be around INR 4,00,000-8,00,000 per annum, which will increase eventually with experience.

Course Highlights for MMS

Check out the main highlights of the MMS software to have a brief knowledge of the same:

Particular Value
Course Name Master of Management Studies
Course Level Postgraduate
Course Mode Full-time, Part-time, and Online
Course Duration 2 years
Examination Type Semester based
Eligibility Criteria Undergraduate degree in a Business and Management course with a minimum of 50% from a recognized university
Entrance Exam CAT, MAT, GMAT, ATMA, MHCET, RMAT, etc.
Average Annual Fees INR 80,000-30,00,000
Average Annual Salary INR 4,00,000-8,00,000
Top Colleges IIM Bangalore, NMIMS, Xavier’s Institute of Management and Research, and Burhani College of Commerce and Arts
Job Profiles Entrepreneurship, Managerial Job Positions, Government Jobs in the Department of Income Tax, Management Research, and Professorship, Management Trainee, Account Manager, Financial Analyst, Sales Manager, Marketing Manager, etc.
Top Recruiters Wipro, Amazon, TCS, ITC, Flipkart, Amul, HDFC, Infosys, Deutsche Bank, Microsoft Corporation, Boston Consulting Group, Bain & Company, Merrill Lynch & Co, Deloitte, Lehman Brothers, Accenture, JP Morgan Chase & Co, Goldman, Morgan Stanley, Credit Suisse

Why study Master of Management Studies?

There are lots of benefits or reasons to pursue this course and some of them are mentioned below:

(i). Aspirants who pursue a master’s degree in management studies obtain a thorough grasp of project management & business statistics.
(ii). After completing the program, students will gain a better job with a greater salary package & better management position.
(iii). MMS programs provide chances in a variety of roles, including Business Manager, Account Manager, Brand Manager, and others.
(iv). Given faculty & industry exposure in a syllabus, the MMS program is a terrific networking opportunity.

(2). Admission Process for MMS

The admission method for the MMS path in India is achieved both from the university premises at once or maybe achieved online. Students also can download bureaucracy from the reliable internet site of the institution. Some paperwork also can be stuffed out online with the aid of using the students. The Master of Management Studies admission shape is to be observed with the aid of using all of the critical papers needed.

Types of Master of Management Studies Course

Master of Management Studies prepares graduates for a shiny destiny and assists them in locating correct jobs in a tremendously aggressive task market. The route is obtainable to potential college students in all 4 feasible methods of studying i.e., full-time, part-time, on-line mode, and distance mode of schooling. Discussed below are the records approximately Master of Management Studies course types.

(1). Distance

A distance Master of Management Studies path is obtainable through some Indian universities and colleges. Individuals who've effectively exceeded the 10+2 grade from a permitted board are eligible for this course. It ought to be referred to that the eligibility standards for a distance direction are similar to that of an everyday direction.

(2). Full-Time

Full-time three-year applicants should attend in-character classes, entire everyday assignments, and take semester-sensible offline assessments on campus.  They have to additionally supply initiatives and carry out practicals as a part of the direction curriculum. Students who sign up for a full-time look at benefits sensible reveal inside the issue as properly as in-intensity studying via actively attracting their professors and different fellow students.  Additionally, they are able to pick up a few optionally available topics primarily based totally on their interests.

(3). Part-time

Individuals who work full-time however do now no longer presently maintain management Positions are exceptional candidates for a part-time Master of Management Studies course. These applicants normally vary in age from 25 to 33. Individuals can attend part-time instructions after day-by-day work final touch or over the weekends. However, it may up to three to four years to complete the program.

(4). Online

Online Master of Management Studies publications last as long as 4 years and may be pursued from anywhere. This direction is designed for applicants who're operating specialists and who cannot attend full-time offline lessons on campus. However, simplest a handful of Indian universities or online systems offer this path online.

Eligibility Criteria for Master of Management Studies

The applicants who're interested in making use of the MMS application must satisfy the subsequent eligibility criteria:

(i). They should have a bachelor's degree in the field of study from an institute recognized by the Ministry of HRD, Govt of India.
(ii). They should have a minimum aggregate of 50% or 45% for the backward class categories.

Admission Process for MMS

(i). Since the MMS guides are provided mainly inside the kingdom of Maharashtra, they may be carried out under the strict guidelines laid down by the Directorate of Technical Education (DTE), Govt of Maharashtra.
(ii). The admission into the MMS direction is primarily based totally on flair exams like MHT-CET, CAT, CMAT, XAT, etc, and CAP round conducted by DTE, followed by group discussion and personal interview.
(iii). The applicants who've cleared the cut-off in any of the above-referred checks can then practice at the institutes for the MMS program, each online and offline.

Accepted Entrance Exams for MMS

There are a few MMS course entrance exams that the students need to attend so that they can have a clear idea of the course's expectations. Appearing for front tests is an important criterion. The postgraduates can book their seats for the course in any recognized college or university. Some of the MMS course entrance exams are:

CAT JNUEE
GMAT MAT
IPU CET
SNAP
ATMA MAH CET
XAT DUET
NMAT by GMAC

Skills Required for Master of Management Studies

To pursue a Master of Management Studies (MMS) in India, there are certain skills that can be beneficial for your academic and professional success. While the specific skill set may vary depending on the specialization or focus of the program, here are some essential skills that can be valuable for an MMS course:

Analytical and problem-solving skills Communication and interpersonal skills
Leadership and management skills Financial acumen
Research and data analysis skills Adaptability and flexibility
Time management and organizational skills Ethical and professional conduct

Fee Structure for MMS

MMS path costs vary from INR 80,000-30,00,000 PA. The MMS route price might also additionally range relying upon the centers and services furnished on the college/college and the extent of schooling furnished.

Name of College Average Fee
Bharati Vidyapeeth, Pune INR 2,00,000
ICFAI Foundation for Higher Education, Hyderabad INR 40,000
K J Somaiya Institute of Management Studies and Research, Mumbai INR 3,50,000
Jain University, Bangalore INR 4,00,000
Sydenham Institute of Management Studies and Research and Entrepreneurship Education, Mumbai INR 70,000

Selection Criteria for MMS

The MMS path choice method is primarily based totally on the doorway examination scores and overall performance in Secondary and Higher Secondary Education and bachelor's diploma control background. The aspirants are allotted seats primarily based totally on the numerous MMS standards fulfilled with the aid of using the aspirants proposed with the aid of using the college/college officials.

(3). Master of Management Studies Specializations

Some of the popular specializations offered in the MMS program are listed below:

Human Resource Development Marketing Management
Finance Management Operations Management
Information Management International Business

(4). Course Comparison

MMS v/s MBA

Given below is the course comparison of the MMS with the MBA course:

Parameter MMS MBA
Course Name Master of Management Studies Master of Business Administration
Course Overview Master of Management Studies (MMS) is a two-year PG software that gives superior well-known control skills. Anyone with a UG diploma in enterprise management or some other area can reap this credential. This route is designed to offer college students control and management skills. Master of Business Administration (MBA) is a postgraduate software program that makes a sturdy factor of offering superior schooling in commercial enterprise corporation and management. The route is designed to equip college students with the know-how and competencies to reach management roles.
Duration 2 years 2 years
Eligibility Minimum 50% in UG from an accredited University Minimum of 50% of total marks in UG
Average Fees INR 80,000-30,00,000 INR 3,00,000-10,00,000
Top Institutes IIMs, IMI, Christ University, AU IIMs, XMRI, FMS

Read More: MBA

(5). Top Colleges for Master of Management Studies

Top Master of Management Studies colleges in India offer Master Management Studies postgraduate degree courses to students interested in Finance, Accounting, Business, Management, Foreign Trade, Law, Ethics, Policymaking Methods, and more. Some of the top colleges for MMS in India are as follows:

Name of College Average Annual Fee(INR)
Vidyalankar Institute of Technology, Mumbai INR 1,59,095
Indian Institute of Science, Department of Management Studies, Bangalore INR 1,66,500
Xavier Institute of Management and Research, Mumbai INR 2,60,000
Prin LN Welingkar Institute of Management Development, Noida INR 70,000
SIES School of Business Studies, Mumbai INR 5,00,000
IIM, Tiruchirapalli INR 10.00.000
IIM Ahmedabad INR 10,00,000
Babasaheb Gawde Institute of Management Studies, Mumbai INR 1,22,000
MET IOM, Maharashtra INR 3,50,000
Department of Management Studies, Bangalore INR 4,00,000
Guru Nanak Institute of Management Studies, Mumbai INR 3,46,973
Rajendra Mane College of Engineering and Technology, Ratnagiri INR 56,733
Sasmira’s Institute of Management Studies and Research, Mumbai INR 1,65,000
ASM Group of Institutes, Pune INR 1,15,500
Sinhgad Institute of Business Management, Mumbai INR 2,74,000
IIM, Calcutta INR 10,00,000
Aditya Institute of Management Studies and Research, Mumbai INR 2,49,925

(6). Job & Placements for Master of Management Studies

The common profits of Master of Management Studies (MMS) graduates are decided through some of the factors. These consist of the institute, MMS combination percentage, process interview performance, negotiation skills, real talent set and knowledge, work experience, extra achievements, holistic skills, and so on. As a result, there's no trendy technique for figuring out the capability pay of MMS graduates. After completing the MMS program, the candidate can get various managerial-level and consulting jobs in almost all domains and industries.

Job Profiles for Master of Management Studies

Some of the job options available after MMS are mentioned in the table below with their job description:

Job Profile Job Description
Marketing Manager Their work is to help create advertising or merchandising sales campaigns for business products and services. Their activity consists of research, creativity, advertising, and an income team.
Data Analyst A Data Analyst is accountable to apprehend a way to broaden their character with technical skills. They should examine data, spot trends, and be available to rational conclusions. Some marketing, for example, use employment tendencies to forecast destiny process growth.
Management Consultant Their work is to help the organization improve aspects of enterprise like management, productivity, and ability dangers and assist the business enterprise triumph over them.
Management Trainee They work with superiors and find out how to run daily operations, learn leadership skills, run reports and supervise subordinates, etc.
Financial Analyst Their work is to carefully study the demographics, marketplace trends, and microeconomic factors To assist the employer make clever investments like issuing their personal bonds, splitting stocks, etc.
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 each retail and non-retail setting.

Top Recruiters for Master of Management Studies

Listed under are a number of the agencies which rent MMS graduates for numerous task profiles:

A.C. Neilsen Bharti Airtel
ING Vyasa Bank Bloomberg
ING Vyasa Mutual Fund BNP Paribas
Ingersoll Rand Bombay Stock Exchange
Intel Corp Bosch
IOCL Boston Consulting Group
Hero MotorCorp State Bank of India
Hewlett-Packard Sun Pharma
Standard Chartered Bank Tata Capital

Average Salary for Master of Management Studies

Given below is the list of some popular MMS jobs and their average salary in India:

Job Role Average Annual Salary(INR)
Finance Manager INR 10,00,000
Sales Manager INR 6,00,000
Marketing Manager INR 7,00,000
Management Consultant INR 11,00,000
Business Consultant INR 10,00,000
Project Manager INR 15,00,000

 

(7). Career/Scope for Master of Management Studies

After studying MMS in India and abroad, job opportunities are vast and good numbers for postgraduates to choose from. Some of the very best MMS salary packages with better jobs are Teacher & Lecturer, Equity Research Analyst, HR Generalist Business Partner, Management Consultant, Project Manager, Recruitment Manager, Business Development Manager, and more.

Career options after Master of Management Studies course

After finishing an MMS, you're eligible for junior-degree posts in personal and authority jobs in India and abroad. MMS aspirants have an outstanding task scope with inside the destiny and sizable task opportunities. MMS is a non-stop up-gradation of such a lot of numerous management, business, and finance fields. MMS jobs are found in the fields:

(i). Equity Research Analyst
(ii). IT Services Marketing Head
(iii). Project Managers
(iv). Professor
(v). Account Manager

Scope for Higher Education MMS

The scope for better training for MMS with the first-class salaries offered in India and overseas with nearly all non-public and public sectors of diverse organizations. All aspirants should keep in mind that an MMS may not be their best option. Many postgraduates in India have recently been observed pursuing higher education in sectors such as management and law, among others.

(i). MBA
(ii).
PGDM
(iii). Ph.D

Skills that make you the Best MMS Postgraduate

MMS aspirants need to own crucial analytical skills, numerical skills, problem-solving, model skills, powerful communication, coverage management, and decision-making skills. In addition, they ought to be confident, dedicated, and dedicated to their aspiration. Skills that make you suitable for an MMS postgraduate:

(i). Strong Work Ethics
(ii). Management Skills
(iii). Goal-Oriented
(iv). Inquisitive
(v). Problem-Solving Skills
(vi). Analytical Skills
(vii). Mathematical Skills

(8). FAQs

(1). What is an MMS course?

Ans. A two-year post-graduate management program known as the Master of Management Studies (MMS) has been accredited via way of means of the All India Council of Technical Education (AICTE). It is largely an MBA fashion control course. The post-graduate control diploma programs are supplied in a few universities below the names MBA and MMS, respectively. The majority of Maharashtra's universities offer MMS as an opportunity for MBA. The MMS curriculum is made to help people who want to work in the industry enhance their business management abilities and get the training they need.

(2). What are the eligibility criteria for MMS courses?

Ans. In order to secure admission to the MMS course, a student need to fulfill the below-mentioned points:

(i). A candidate must have passed his graduation in any discipline.
(ii). A candidate must have scored at least 50 percent score in graduation.
(iii). Reserved category students must have scored 45 percent marks.

(3). I want admission to the Master of Management Studies(MMS). Do I have to clear any exams for that?

Ans. Yes, if you want admission to the Master of Management Studies (MMS) course, you do need to clear the entrance exams. Entrance exams are the first step of the three-step admission process for management courses. It is on the basis of your performance in entrance exams that the b-schools send out invitations for the GD round of admission.

(4). What is the maximum duration allowed to complete the course Master of Management Studies (MMS)?

Ans. The maximum time allowed to complete a Master of Management Studies (MMS) is four years. This is applicable only in the case of part-time course format. Although many postgraduate courses are not available in a part-time format, the major part of course delivery of MMS involves theoretical and traditional methods, enabling both part-time and online methods of course types.

(5). What is the average fee for the course Master of Management Studies(MMS)?

Ans. The average fee for a Master of Management Studies (MMS) is INR 1,00,000 per year.

(6). What is the difference between MMS, MBA, and PGDM?

Ans. Each of these programs deals with management and business administration concepts. While the nomenclature varies from program to program, the core subjects and curriculum remains the same. The major difference between these programs is that while MMS and MBA are degree programs, PGDM or Post Graduate Diploma in Management is a diploma program. The MMS and MBA programs are offered by universities and are affiliated with the University Grants Commission (UGC). On the other hand, PGDM is offered by private or autonomous institutes, which are generally affiliated by the All India Centre for Technical Education (AICTE).

(7). Can I pursue a Ph.D. after completing MMS?

Ans. Yes, you may pursue a Ph.D. after finishing an MMS (Master of Management Studies) degree. In fact, many people do so in order to further their education and advance their careers.

(8). Which Ph. D. path may be pursued after graduating with a Master of Management Studies?

Ans. The Ph. D. guides that may be pursued after graduating with a Master of Management Studies are in advertising and control specializations. In order to pursue any Ph.D.Course, you ought to have a postgraduate qualification within the applicable field. After finishing touch of the MMS degree, you may practice for every kind of advertising guide and managerial guide, however, monetary and enterprise management guides can't be pursued.

(9). Can I practice for MBA after finishing my MMS degree?

Ans. Yes, you may without problems follow for MBA after finishing your MMS degree. However, you can't count on applying the benefit of the MMS path to get direct admission to MBA courses. You will clean the three-step admission technique designed for admission to MBA. That said, when you have sturdy foundational knowledge, you may assume to carry out exceptionally well in your MBA studies.

(10). Is MMS worth it?

Ans. Yes, MMS is worth it.  MBA if not pursued by a reputed institute then the initial salary package could be quite low even after paying a hefty amount of tuition fees. But MMS offers a fee for the money. It provides knowledge in subjects similar to MBA with almost one-third of fees and offers entry-level positions in organizations.

(11). What is the average salary that an MMS graduate can earn?

Ans. The average salary an MMS graduate can expect is around INR 4,00,000-8,00,000 per annum. With 5 years of experience, they can earn around INR 15,00,000, and with 9-19 years of experience, they can earn around INR 30,00,000 per annum.

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