MBA (Product Management) - The Global University, Itanagar

  • Years 2 Years
  • Type Course Post Graduate
  • stream Management
  • Delivery Mode
Written By universitykart team | Last updated date Mar, 30, 2023

(1). About the Course

The Product Management MBA course is in the Master of Business Administration in Product Management. It is a two-year postgraduate management program that deals with the product management of an organization, manufacturing industry production, schedule and personnel, raw material and equipment maintenance, quality control, product coordination, etc. Product Management MBA jobs after graduation include Product Manager, Senior Technical Director, Store department manager, purchasing manager, business process manager, logistics manager, inventory manager, etc.

Product management is a course that is offered by several institutes across all over India in the Post-Graduation level study. Any student enrolled in this course on Product Management will be able to learn several facts while developing a product. They will get knowledge about planning, organizing, forecasting, developing, and at the end, marketing a product. They will get habituated to this process as they have to work with it for the rest of their job period.

Product Management courses are available online as well as offline mode. The Product Management course's eligibility requirement is to complete 10+2 from a recognized Board. However, there are some courses that are offered at PG and Masters level. Some of the popular online product Management courses are offered by Coursera, edX, Udemy, etc while for degree-level courses one can pursue MBA, BBA, Ph.D. in Management, etc.

Students will be familiar with the development of new products. Throughout the course, they will get every required and relevant training which will help them build up their knowledge from their teachers as well as working professionals with years of experience. The course helps students to learn and apply skills that are required in a tough situations in the professional field. The tactical skills and necessary strategies will help those students a lot when they are working in the professional field.

Product Management courses cost around INR 10 - 20 lakhs if pursued offline from top Management colleges in India while for online courses the average fee is between INR 5 to 35 K. However several Product Management courses are offered free of cost.

After completing the Product Management courses, one can find lucrative and high-profile job opportunities in the private as well as government sectors. Top recruiting companies for Product Managers include CISCO, IBM, HCL, Google, Cognizant, Amazon, and TCS. According to Glassdoor, the average salary in India after taking product management courses is INR 15,00,000, which increases with experience and skills.

Course Highlights

Given below are a few of the important highlights of the program.

Particulars Value
Course Type Degree
Course Level Post Graduate
Degree Duration 2 Years
Examination Type Semester based
Eligibility Criteria Bachelor’s Degree in Any Discipline with 45-50% Aggregate Marks
Admission Process Entrance Exam and Merit Based
Age No age limit
Entrance Exam CAT, XAT, SNA, GMAT
Average Fees INR 2 - 15 LPA
Average Salary INR 5 - 15 LPA
Job Profiles Product Manager, Senior Technical Manager, Floor Shop Manager, Purchase Manager, Business Process Manager, Logistics Manager, Inventory Manager, etc.
Top Recruiters TCS, Microsoft, Godrej, Reliance

Why study MBA in product management?

MBA in Product Management course is a very reflective and exciting stream of education. Students can gauge the intrinsic worth of an MBA in Product Management course because it offers more avenues of employment opportunities than any other stream. Thus, the MBA in Product Management job scope is forever widening and appealing.

Diversity in Job roles

There is a diverse range of job roles available for the graduates of this course. Since the specializations available to the students are very flexible, it enables the students to pursue a wide range of roles in their careers.

(2). Admission Process

Admission to the MBA in Product Management is possible through both entrance examination and merit-based selection. Many universities offer direct and examination-based admission to the MBA in Product Management course..

Candidates applying for the MBA in Product Management must have their results from the respective entrance examination boards required by the selected/chosen universities. Although the admissions process varies from college to college, here are the steps you generally need to take to gain admission.

Types of MBA in Product Management Courses

Aspirants can pursue the MBA in Product Management course in full-time, distance, or part-time mode. Below are the types of MBA in Product Management courses in detail:

(1). Distance Learning MBA in Product Management

Many universities and colleges in India offer distance learning MBA courses in product management. The course is designed keeping the Distance Education methodology in mind. This course is designed for students who cannot afford to attend on-campus or similar classes engaged in some form of work and cannot make time for a full-time course.

(2). Part-Time MBA in Product Management

The part-time MBA in Product Management course is designed for students who cannot attend regular classes. Part-time courses either entail weekend or night classes or online classes, depending on the type of course. The advantage of the part-time MBA in Product Management course is that students can pursue this course while simultaneously being engaged in employment, research, etc.

(3). Full-Time MBA in Product Management

The full-time MBA in Product Management program is typically for 2 years, during which students will be required to take in-person classes, hand in assignments, and take exams on campus. The advantage of a full-time MBA in Product Management course is that students will gain much more exposure, experience, and knowledge through direct interaction with their peers and professors.

Eligibility Criteria

To get admission into different institutes that offer the Postgraduate course in Product Management, candidates require certain eligibility criteria. Those are as follows:

(i). Applicants must be university graduates for admission to multiple institutions in this course. They must have a degree from any recognized board or university.
(ii). Candidates from Science, Arts, Commerce, Business Administration, or any other background are eligible to take admission to any institute offering this PG course. However, they may need to qualify for the entrance exam.
(iii). However, any student who has already completed their postgraduate studies in any discipline and is trying to opt for this course may also apply without any doubt.
(iv). According to most of the institutes that offer product management courses, they accept applicants with a minimum total of 50% during the UG course. However, students from the reserved category have no minimum marks criteria for their admission.
(v). There is no upper age limit for a candidate who is seeking admission to this course. However, he/she must be at least 20 years old or above to be eligible to get admission to those respective institutes.

Admission Process

The Admission Process to online Product Management courses is very simple and can be accessed easily. There are various Product Management courses available online as degree, certification, or Diploma courses. For admission to such courses candidates just need to register themselves on the course provider's website and enroll for their desired course by paying the fees (if required).

Accepted Entrance Exams

Entrance exams are a common and popular means for some colleges to have a screening to decide which student must be admitted to the course. Many well-known colleges across the country have made a name for themselves by conducting world-class research projects. These colleges often hold entrance exams because the demand to enter these colleges exceeds the number of places available. Listed below are some of the popular exams:

XAT MAT GMAT
EMAT CMAT CAT
NMAT by GMAC PGCET GMAT
SNAP

Skills Required

The skills required to pursue an MBA in a Product management program are the same as the skills required for any management course. Check the list below:

Dedication Teamwork Eye for detail
Leadership qualities Goal-oriented Research-oriented
Management skills Strong mathematical skills Good communication skills
Good grip to solve numerical skills Analytical thinking Patience
Flair for leadership Problem-solving Skills Computing skills are a big plus
Business acumen Creative mindset Persuasive skills
Ability to handle complex situations and keep calm

Fee Structure

The MBA in Product Management course fee is not fixed and depends on many factors. Some of the factors that influence MBA product management fees include location, faculty, demand, infrastructure, and facilities available to students. The average Product Management MBA course fee in India is around INR 2 to 10 LPA.

Name of College Total Fee Structure (INR)
International Council for Management Studies Rs. 1 LPA
Symbiosis Institute of Business Management Rs. 10 LPA
Indian Institute of Management Training Rs. 7 LPA
Indian Management Training and Research Institute Rs. 8 LPA

Selection Process

The selection process for the courses under MBA in Product Management in India is usually the same irrespective of the specialization. Generally, once the application for the course is received, the colleges decide on the selection of the candidates based on the marks obtained by them in the entrance exams. In addition, the merit obtained by the candidates in the university courses also plays an important role.

(3). Course Comparison 

MBA in Product Management generally means and is aimed at students who are interested and inclined in the humanities and social sciences.

MBA in Product Management v/s PGD in Product Management

The following table shows the differences between MBA in Product Management and PGD in Product Management:

Parameters MBA in Product Management PGD in Product Management
Course Name Master of business administration in Product Management Post Graduate Diploma in Product Management
Stream Commerce Commerce
Course Duration 2 years 1-2 years
Eligibility Criteria Graduation with 50% aggregate Graduation with 50% aggregate
Entrance Exams SNAP, CAT, MAT, GMAT, XAT SNAP, CAT, MAT, GMAT, XAT
Top College Indian Management Training and Research Institute, Indian Institute of Management Training, Symbiosis Institute of Business Management, International Council for Management Studies Indian Management Training and Research Institute, Indian Institute of Management Training, Symbiosis Institute of Business Management, International Council for Management Studies
Course Fee INR 2-10 LPA INR 2-10 LPA

(4). Top Colleges

The table below lists some of the best universities that offer graduate-level product management courses:

Name of College Average Annual Fees(INR)
Reva University, Karnataka Rs. 1,00,000
Lovely Professional University, Jalandhar Rs. 1,12,000
Christ University, Bangalore Rs. 1,66,000
Narsee Monjee Institute of Management Studies, Hyderabad Rs. 2,52,000
Shri Ram Murti Smarak International Business School, Uttar Pradesh Rs. 25,550
ICFAI Business School, Hyderabad Rs. 2,60,000
OP Jindal Global University, Haryana Rs. 4,50,000
Narsee Monjee Institute of Management Studies, Mumbai Rs. 3,02,000
Jindal Global Business School, Sonipat Rs. 4,50,000
JK Business School, Gurgaon Rs. 93,000
SIBM Pune Rs. 10,00,000
Allana Institute of Management Sciences, Pune Rs. 92,200
Ramjas College, Delhi Rs. 25,000
St Stephens College, Delhi Rs. 25,000
Indian Management Training and Research Institute Rs. 8,00,000
Indian Institute of Management Rs. 7,00,000
International Council for Management Studies Rs. 1,00,000
Indian Institutes of Product Management Rs. 2,00,000
Modern Institute of Management Rs. 70,000
Small Industries Services Institute Rs. 1,00,000

Top City-wise College

Check the table below for the top city-wise MBA in Product Management colleges in India:

Bangalore Pune Delhi
Christ University Fergusson College Lady Shri Ram College for Women
Vivekananda Degree College MCASC Miranda House
Jain University St. Mira’s College for Girls Hindu College
Kristu Jayanti College MES Abasaheb Garware College Hansraj College
Presidency College Symbiosis College of Arts and Commerce Ramjas College
Kolkata Hyderabad Chennai
Presidency College Nizam College Loyola College
St. Xavier’s College AV College of Arts, Science, and Commerce Presidency College
Adamas University Osmania University College for Women Madras Christian College
Lady Brabourne College St. Ann’s College for Women Women’s Christian College
Jadavpur University St. Francis College for Women Guru Nanak College

Top MBA in Product Management Government & Private Colleges

There are several top Government & private Colleges offering quality MBA in Product Management programs across the country. Check the table below for the top MBA in Product Management in government & private colleges in India:

Type of College Name of College
Government Lady Shri Ram College for Women
Loyola College
Miranda House
Presidency College
Hindu College
Private St. Xavier’s College
Christ University
BML Munjal University)
Madras Christian College
Fergusson College

(5). Job & Placements

Graduates of this profession can find a wide range of job prospects in the commercial and public sectors after completing product management courses. High-profile positions include Brand Manager, Product Manager, Product Marketing Manager, and many others.

Some certified product Management courses provide placement prospects upon completion of the classes. Candidates may find job possibilities in manufacturing, finance, market research, software business, and advertising.

Job Profile

The table below depicts some of the most common job profiles that one may pursue after finishing Product Management courses, along with their tasks and responsibilities and typical salaries:

Job Profile Average Annual Salary Job Description
Marketing Professionals INR 4-5 LPA Marketing professionals discover the methods and approach businesses employ to gain customers and clients. They calculate the cost and budget based on the product's demand and supply.
Product Manager INR 7-15 LPA A Product Manager is in charge of a product's lifespan, from conception to conclusion. Also responsible for various product and customer service transactions and monitoring the specifics of all items daily.
Business Development Manager INR 4-6 LPA A Business Development Manager is in charge of discovering new business possibilities for the firm to increase profitability and create income. Also, finding and building appropriate ties with other clients and businesses.
Sales Manager INR 5-11 LPA Pricing, promotion, sales, marketing, strategy, market research, and other public relations operations are all the responsibility of a Sales Manager.
Marketing Managers INR 4-10 LPA Marketing Managers are in charge of overseeing and developing strategies for marketing items and increasing sales. They are also in charge of their industry's advertising initiatives.

Top Recruiters

As the Product Management course is strictly related to the product, its manufacturing, and other required steps, therefore product-based companies are used to recruit more candidates from this field. There are some big names in the world who use to recruit candidates from this field. Those companies are as follows:

Tata IBM Nestle Capgemini
TCS IDBI Nokia Castrol
Vedanta McKinsey & Company, Inc. Oracle India Pvt. Ltd Cipla
Wenger and Watson Mettl Pfizer Cisco
Reliance Google Abbott Deloitte
Samsung HCL Amazon E&Y
Siemens HSBC Boston Consulting Group Flipkart

Employment Areas

After completion of this course in product management, a student can get several job opportunities. However, most of the jobs available in this field are in the private sector. A candidate can get the role of a product manager or other related post at the beginning. However, they get promoted according to their performances.

Here are the few sectors, where a candidate can get jobs are as follows:

E-commerce firms Hospitality & Telecom Automobiles
Engineering Goods Iron-steel & Metal Industry Manufacturing
Finance IT and Energy Sectors etc. Manufacturing Area
Food manufacturing firms Advertising Market research
Heavy Machinery Industry Automobile firms Personal care product firms
Home products manufacturers Chemical and Fertilizer Software industry

Salary of an MBA in Product Management Graduate

The MBA in Product Management salary for the graduates can differ according to the specialization that the aspirants decide to pursue. Other factors that can affect MBA in Product Management salary in India include experience, geography, and the industry they are working in.

Graduates can increase their salary by doing internships and work placements as it would add to their experiences. The average MBA in Product Management jobs salary for graduates is around INR 3 - 15 LPA. Some of the designated salary given below:

(i). Marketing Executive - Rs. 2,89,189-10,90,000
(ii). Marketing Director - Rs. 10,00,000-16,70,000
(iii). Brand Manager - Rs. 15,00,000-50,00,000

(6). Career/Scope

MBA In Product Management focuses on topics and chooses electives that are directly relevant to product management jobs. An MBA in product management can make a big difference for many of the juicy roles in the field. Candidate can become a better product manager in any industry from time to time as his experience is increased. To build your personality and get to know the business world in real life sense MBA in Product Management can be considered a comprehensive development course.

Various Jobs in Product Management:
(i). Product Manager
(ii). Senior Product Manager
(iii). Associate Product Manager
(iv). Global Product Manager

Career options after MBA in Product Management

There is absolutely no doubt that the Product Management course has a big prospect in this country. It is a field that is newer in the market, and comparatively fewer people are attached to this. As time flies, this will surely be developed, and people will get more attracted to it. Indeed, every organization in the world is always trying to bring its best product to the market. Thus, their approach, offerings, a marketing strategy will be different.

Since the product management field is huge and has the options for the students to shine. One requires certain skills and patience besides his/her theoretical knowledge. After completion, students might get positions of manager, assistant manager, specialist, quality analyst, and more product-related posts.

Brand Manager– New Product Initiatives Assistant Manager/Manager - Product
Delivery Manager – Product Group Product Manager
Manager – New Product Development Product Marketing Manager
Product Development Manager

Scope of MBA in Product Management for Higher Education

Students can pursue many specializations under MBA in Product Management. There are also many higher study options available for graduate students after an MBA in Product Management degree, which can help them better understand the subject.

Additionally, getting more education can help students pursue research careers if they are interested. Listed below are some of the popular higher education options available for students:

(i). Ph.D.
(ii). M.Phil

Skills that make you the Best MBA in Product Management Graduate

There are many complex and soft skills that MBA in Product Management graduates need to possess to succeed in their careers. These are not necessarily skills that students can get in a classroom setting. Instead, these are skills that are learned through experience.

Therefore, students should always put in the effort to go out of their comfort zone and gain as much experience as possible. Some of these skills include:

(i). Quantitative Analysis Skills
(ii). Research Skills
(iii). Analytical Skills
(iv). The Ability to Work Under Pressure
(v). Interpersonal Skills

(7). FAQs

(1). Why do we need product management?
Ans. Product management courses are very useful as they focus on designing, organizing, developing, and marketing a product so that it matches the customer's demand which maximizes the sales and profit of an organization. Product Management directly impacts the production and profits of the company.

(2). What is the duration of the MBA in Product Management Course?
Ans. The duration of an MBA in Product Management is 2 years.

(3). How much salary does one get after an MBA in Product Management?
Ans. The average salary after MBA in Product Management ranges from INR 5-15 lakh.

(4). How much fee is required for an MBA in Product Management?
Ans. The fee charged can be anywhere between INR 2-15 lakh.

(5). What qualifications are needed for product management?
Ans. For Product Management courses one needs to complete their 10+2 or graduate with a minimum aggregate of 50% marks from a recognized University/ Board. Apart from academic qualifications, one should also possess certain skills.

(6). What are the key skills to effective product management?
Ans. Some of the skills for effective product management are listed below:
(i). Critical and Innovative Thinking
(ii). Leadership Skills
(iii). Good Communication skills
(iv). Marketing Skills
(v). Problem Solving
(vi). Time Management, etc

(7). Can we pursue any degree courses in the field of Product Management?
Ans. Yes, one can opt for the BBA, BBM, or MBA in Product Management offered at UG and PG levels. One can pursue degree courses if one fulfills the eligibility requirements for the course.

(8). What are the 3 major areas of product management?
Ans. Product Management courses are typically divided into three categories: strategic product management, technical product management, and Go-To-Market or Product Marketing.

(9). Is this field suitable for both boys and girls equally?
Ans. Apart from those office work, candidates who are working in this field need to work hard to get success. However, anyone either boys or girls who are physically fit enough and determined to do something in this field can go ahead. However, boys are more suitable for this post.

(10). What is the duration of work in the field of Product Management?
Ans. The time requirement while working for any particular organization will vary. On average, all employees need to work for 8-10 hours for any organization for which he/she is working. However, it may vary depending on job profile, location, other requirements, and many more. However, overtime work may be required for a certain period.

(11). What is the difference between Product Management and Project Management?
Ans. The major difference between Product Management and Project Management is that Product Management mainly focuses on external aspects of the product on the customer's side whereas Project Management focuses internally to complete the given project within the time and under budget.

(12). What are the job Profiles one can pursue after completing Product Management courses?
Ans. One can pursue several high-profile job roles depending on their skills, knowledge, and experience. Listed below are some of the job profiles in which one can work:
(i). Sales Manager
(ii). Product Marketing Manager
(iii). Business Development Manager
(iv). Product Brand Manager
(v). Business Head, etc.

University Courses
Universitykar Loader
back back
Trending Courses View All
Top