Management Development Programme (MDP) - Institute of Rural Management Anand (IRMA Anand)

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

About Course

The purpose of the Management Development Programme is to provide the necessary know-how to expedite the management training process and guarantee rapid career progress. This benefits those who want to advance quickly in their management careers and effectively manage managers, employees, and organisations using the information, abilities, insights, and attitudes they have acquired. As a result, management development is described as the strategic and targeted action carried out by a manager to help a person improve so they may take on bigger and more important managing duties and obligations.

The focus of the two-year Management Development Programme is on the practises and procedures of the fundamental disciplines of finance and management. The course is intended to assist students improve their organisational efficiency and leadership skills in keeping with the difficult and continuously changing business environment.  The curriculum makes sure you can build, motivate, and manage a team effectively and efficiently.

The program's main emphasis is on current management trends and advancements. The curriculum assists the executives in improving their skills, knowledge, aptitude, and attitude to increase productivity and efficiency while building a solid foundation and providing them with cutting-edge business concepts, ideas, and techniques.

They also provide management advice on how to build firms and make them more lucrative reducing expenses and raising revenues. Candidates can also work as consultants, who identify choices and make suggestions while also giving resources and solutions to businesses and professionals. Numerous positions are available in the following industries: consultancy, building, finance, IT, hotel, insurance, retail, manufacturing, transportation, and logistics.

Course Highlights

Check all the important details about the Management Development Programme from the table given below:

Particular Value
Course Name Management Development Programme
Course Level Postgraduate
Course Duration 2 Years
Eligibility Criteria Graduation Degree With 50% Pass
Entrance Exams Entrance exams like CAT, CMAT, MAT, OJEE, TSICET, KMAT, IIFT, PAT
Admission process Entrance Exam + Group Discussion + Personal Interview (GD-PI)
Examination Type Semester based
Age No age limit
Average Annual Fees INR 50,000-13,00,000
Average Annual Salary INR 3,00,000-15,00,000
Top recruiters Accenture, Amazon, Deloitte, Goldman Sachs, KPMG
Job Profiles General Manager, Retail Manager, Tourism Manager, Executive Director, Hotel Manager, Public Relations Officer, etc.

Why study Management Development Programme?

The Management Development Programme course was launched to enhance the skills of students in field management careers. Here are some of the reasons why students should study the Management Development Programme:

(i). Advanced technical skills: The Management Development Programme course helps students to refresh their knowledge in managing managers, employees, and organisations using the information, abilities, insights, and attitudes they have acquired.

(ii). Leadership and management skills: Organisations are successful because of modern technology and good management. The Management Development Programme equips students with team management as well as project management.

(iii). Career opportunities: With the Management Development Programme, the students will get the opportunity to work in MNCs. Some of the job profiles are Business Analyst, Consultant, Manager, Project Manager, Strategy Analyst, or other technology leadership roles.

(iv). Entrepreneurial opportunities: The Management Development Programme, gives students training to start their own company or any other technology-related company.

(v). Networking opportunities: During your Management Development Programme, you will get the opportunity to study with other students and teachers, and you will also have the opportunity to interact with a few organisations.

Admission Process

Each year, the institutions organize their entrance exams. Also, some institutions use the CAT or similar exams as a reference point for the direct admission of students. The entrance exams administered vary from university to university.

Types of Management Development Programme

The Management Development Programme offers full-time, part-time, and distance learning alternatives for candidate follow-up. The following publications are listed below

(1). Distance or Online Postgraduate: Management Development Programme in India is designed for those who are unable to attend regular sessions; One of the most popular alternatives is the Management Development Programme.

(2). Full-Time: The postgraduate course in Management Development Programme lasts two years and has the advantage of allowing students to accelerate the learning process and significantly improve their skills.

(3). Part-time: The postgraduate program is designed for professionals who are currently employed and cannot take time off for full-time study. A part-time postgraduate course in project management is a great advantage.

Eligibility Criteria

The eligibility criteria for a Management Development Programme are simply as follows:

1. The candidate must have a degree in any field.

2. The student must achieve at least 50% of the points from 10+2+3.

3. The last year students still awaiting results may also apply.

Admission process

Admission to the Management Development Programme is based on both the entrance exam and the achievements made. Below is the recruitment process for this:

(I). Filling out the application form: Visit the websites of the interested universities/institutes and fill out the application form, but first read the instructions on how to fill out the form correctly.

(ii).  Required Documents: A form is required to fill in various documents such as Aadhaar Card, Pan Card, Photo, Time Card, etc. Double check before final submission: Before final submission of the application form, make sure there are no errors in it.

(iii) Make Payment: After completing the registration form, you will need to make an online payment.

(iv) Print Receipt: After payment, the applicant must print the last page of the receipt for future reference. Students have the option of being admitted directly to the course by completing the recruitment brochure and completing the offline recruitment form.

Students also have the opportunity to go directly to the university and fill out an admission booklet. Students can also pay tuition fees offline.

Accepted Entrance Exam

Below is the list of some of the entrance exams for the Management Development Programme:

CAT OJEE
CMAT TSICET
MAT PAT
KMAT IIFT

Skills Required

A Management Development Programme is a program designed to enhance your skills and knowledge in the areas of Management. Here are some common skills and competencies that are typically beneficial for pursuing a Management Development Programme:

Strategic Thinking Management skills Ethical
Excellent Leadership Qualities Communication skills Problem-solving
Analytical and Critical thinking skills Time management Decision-making skills
Organisational skills Team Work Leadership skills

Fee Structure     

The fee Structure for the Management Development Programme is listed below:

Name of College Average Annual Fee(INR)
Indian Institute of Management Ahmedabad, Ahmedabad INR 15,00,000
Indian School of Business, Hyderabad INR 35,00,000
XLRI - Xavier School of Management, Jamshedpur INR 25,00,000
Indian Institute of Management Bangalore, Bangalore INR 19,00,000
Indian Institute of Management Calcutta, Kolkata INR 20,00,000
Faculty of Management Studies, Delhi INR 1,92,000
Indian Institute of Management Indore, Indore INR 16,00,000
S.P. Jain Institute of Management and Research, Mumbai, Maharashtra INR 12,00,000
Indian Institute of Foreign Trade, New Delhi INR 17,00,000
Indian School of Business, Mohali INR 35,00,000
Xavier Institute of Management, Bhubaneswar INR 16,50,000
Indian Institute of Management Ranchi, Ranchi INR 19,50,000
Symbiosis Institute of Business Management, Pune INR 14,50,000

Selection Criteria

The selection process for this course is students must complete a degree with 50% and also they have to clear the entrance test.  Some colleges conduct interviews for this course. After this process, students who have been selected will get an email from that university.

Course Comparison

Management Development Programme v/s Master of Business Administration (MBA)

Parameter Management Development Programme Master of Business Administration
Course Name Management Development Programme Master of Business Administration
Course Overview The purpose of the Management Development Programme is to provide the necessary know-how to expedite the management training process and guarantee rapid career progress. Candidates can also work as consultants, who identify choices and make suggestions while also giving resources and solutions to businesses and professionals. MBA is the most popular PG course; Many graduates today choose to pursue MBA. It is necessary for the majority of managerial roles in all fields. The Enterprise has highlighted the need for MBA
Duration 2 Years 2 years
Eligibility Graduation Degree With 50% Pass Graduation Degree With 50% Pass
Entrance Exams CAT, CMAT, MAT, OJEE, TSICET, KMAT, IIFT, PAT CAT, CMAT, MAT, etc
Average Annual Fees INR 50,000-13,00,000 INR 2,00,000-28,00,000
Top Colleges Indian Institute of Management Ahmedabad, Indian Institute of Management Bangalore, Indian School of Business Indian Institute of Management Ahmedabad, Indian Institute of Management Bangalore, Indian School of Business

Top Colleges

Many prestigious colleges and institutions across the nation offer master's degrees in development programmes. Below is a list of some of the leading universities that offer this course, along with more information.

Name of College Average Annual Fee(INR) Location
Indian Institute of Management Ahmedabad INR 15,00,000 Ahmedabad, Gujarat
Indian School of Business INR 35,00,000 Hyderabad
XLRI - Xavier School of Management INR 25,00,000 Jamshedpur
Indian Institute of Management Bangalore INR 19,00,000 Bangalore
Indian Institute of Management Calcutta INR 20,00,000 Kolkata
Faculty of Management Studies INR 1,92,000 Delhi
Indian Institute of Management Indore INR 16,00,000 Indore
S.P. Jain Institute of Management and Research INR 12,00,000 Mumbai, Maharashtra
Indian Institute of Foreign Trade INR 17,00,000 New Delhi
Indian School of Business INR 35,00,000 Mohali
Xavier Institute of Management INR 16,50,000 Bhubaneswar
Indian Institute of Management Ranchi INR 19,50,000 Ranchi
Symbiosis Institute of Business Management INR 14,50,000 Pune

Job & Placements

Many work prospects are available for MDP graduates at multinational corporations, museums, vacation resorts, colleges, and universities, among other places. A recent graduate might begin their career in this profession with a salary between INR 3 lakh and INR 10 lakh. Take a peek at a few MDP job roles and the typical yearly pay in India.

Job Profile

After completing the MDP, you can pursue different professional profiles in this field. Here are some examples:

Job Profile Job Description
Tourism Director To generate and boost income, tourism officials are tasked with marketing and advertising the industry as well as proposing concepts or campaigns for tourist growth.
Retail Manager Retail managers are charged with overseeing the daily operations of retail establishments, including employees, sales, inventory, and resource management.
Catering Manager Chef teams and catering helpers must be managed by catering managers. In hotels, restaurants, and resorts, they are in charge of managing daily catering operations and services.
PR They are in charge of organizing campaigns and PR techniques. In addition to writing, they are tasked with creating press releases and presentations.
Executive Director The Executive Director is tasked with effectively managing the company following the strategic direction decided upon by the Board of Directors.
Accountant An accountant's job is to create and keep track of an organization's financial reports and records. They assess financial activity.
Teacher/Lecturer They are specialists who create knowledge on a certain topic utilizing a variety of teaching strategies and techniques.

Top Recruiters

Listed here some of the top recruiters who hire Management Development Programme are listed below:

Reliance Industries Limited Accenture Accenture
HDFC Bank ICICI Bank Google
Tata Consultancy Services Deloitte Deloitte
Microsoft Cognizant Infosys

Average Salary

Below are the Management Development Programme job profiles with approximate salaries:

Job Role Average Annual Fee(INR)
General Manager INR 8,00,000 – 12,00,000
Retail Manager INR 6,00,000 – 10,00,000
Tourism Manager INR 5,00,000 – 10,00,000
Executive Director INR 10,00,000 – 15,00,000
Hotel Manager INR 7,50,000 – 12,50,000
Public Relation Officer INR 6,50,000 – 11,50,000
Catering Manager INR 5,50,000 – 10,50,000
Events Manager INR 6,00,000 – 11,00,000
Logistics Manager INR 5,50,000 – 10,50,000

Career/Scope

Candidates have the opportunity to enrol in further degree programmes in related fields after completing the Management Development Programme to conduct advanced research. They might operate as management analysts, sometimes referred to as management consultants, and have the duty of enhancing an organization's effectiveness.

They also provide management advice on how to build firms and make them more lucrative by reducing expenses and raising revenues. Candidates can also work as consultants, who identify choices and make suggestions while also giving resources and solutions to businesses and professionals. Numerous positions are available in the following industries: consultancy, building, finance, IT, hotel, insurance, retail, manufacturing, transportation, and logistics.

Career Options After Management Development Programme

Many work prospects are available for MDP graduates at multinational corporations, museums, vacation resorts, colleges, and universities, among other places. A recent graduate might begin their career in this profession with a salary between INR 3 lakh and INR 10 lakh. Take a peek at a few MDP job roles and the typical yearly pay in India.

The candidate can also choose the title of Management Development Programme and some of the other career options are listed below:

(i). Tourism Director.

(ii). Retail Manager.

(iii). Catering Manager.

(iv). PR.

(v). Executive Director.

(vi). Accountant.

(vii). Teacher/Lecturer.

Scope for Higher Education

Students should choose the MBA after MDP if they want to acquire practical knowledge in addition to theoretical knowledge. Also, completing an MBA after an MDP can increase salary as an MBA graduate earns a higher salary than an MDP graduate. MDP graduates were also able to obtain a doctorate after completing their master's degree.

 

Skills that make you the Best Management Development Programme

To excel as a Management Development Programme graduate, many skills are required that will help to increase the individual learning curve and boost a practical approach that must be inculcated in the continuous learning environment.

(i). Communication skills
(ii). Interpersonal skills
(iii). Leadership skills
(iv). Problem-Solving skills
(v). Analytical skills
(vi). Listening skills

FAQs

(1). What is a Management Development Programme?

 Ans:  The purpose of the Management Development Programme is to provide the necessary know-how to expedite the management training process and guarantee rapid career progress.

(2). What is the expected salary for a Management Development Programme?

Ans. The expected salary for a MDP graduate is around  INR 50,000-13,00,000 per annum. 

(3). What are the eligibility criteria for admission to the Management Development Programme?

Ans. The eligibility standard for MDP is that applicants have to have finished a degree with 55%

(4). What is the admission process for a Management Development Programme?

Ans. The admission process for a Management Development Programme is both merit-based and entrance based. 

(5). What is the average fee for a Management Development Programme?

Ans. The average fee for a Management Development Programme graduate is around INR 3,00,000-15,00,000 per annum. 

(6). What are the top entrance examinations for the Management Development Programme?

Ans. CAT, CMAT, MAT, OJEE, TSICET, KMAT, IIFT, and PAT are some of the top entrance examinations for a Management Development Programme.

(7). What are some of the best colleges for this course program?

Ans. The best Colleges for this program are the Indian Institute of Management Ahmedabad, the Indian Institute of Management Bangalore, and the Indian School of Business.

(8). What are some of the most popular job profiles for a Management Development Programme?

Ans. Popular job profiles for this course are General Manager, Retail Manager, Tourism Manager, Executive Director, Hotel Manager, Public Relations Officer, etc.

(9). What are the top recruiters of the Management Development Programme?

Ans. Accenture, Amazon, Deloitte, Goldman Sachs, and KPMG are some of the top recruiters of the Management Development Programme.

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