Master in Management Studies: Course Details, Admission Process, Syllabus, Top College, Jobs, Scope 2023

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Sounak Banerjee

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Master in Management Studies (MMS) is a postgraduate course of 2-years which consists of a total of 4 semesters and is pursued by those candidates who wish to develop their career in the field of Management. The course syllabus imparts knowledge of various management fields such as Financial Accounting, Business Ethics and Statistics, Operations Management, etc.

Candidates wishing to pursue master in management studies must have completed their graduation with a minimum aggregate of 50% marks in any field most preferably in Management. Also for admission to some of the top colleges, aspirants need to qualify the entrance exams such as CAT, MAT, SNAP, etc. conducted at National or State level. Check MBA Full Form 

Check: MMS Admission Process

IIT Bombay, ICFAI Foundation for Higher Education, K J Somaiya Institute of Management Studies and Research, SRM Institute of Technology are some of the best renowned and top colleges in India offering the master in management studies. The fees for the course may vary from college to college but the average fees range between INR 50,000 to INR 10,00,000.

See more: Management Courses After 12th

After the completion of the course, there is a wide range of career building opportunities for the graduates in this field. Graduates can find highly paid and lucrative job opportunities in public and private sectors. Some of the top recruiters include Bharti Airtel, Tata Motors, Zycus and many others where one can work as Brand Manager, Management Consultant and other high profile positions. The average annual salary post completing the course is INR 3,00,000 to INR 8,00,000.

Check: Top Management Colleges in India 

Master in Management Studies: Course Details

Course Name master in management studies
MMS Full Form master in management studies
Course Type Postgraduate
Duration 2 years.
Examination Type Semester-Wise.
Eligibility Graduation in any discipline or equivalent from a recognized university.
Admission process Entrance Exam based on their results.
Course Fee INR 50,000 to INR 10,00,000
Course Average Salary INR 3,00,000 to INR 8,00,000
Top Recruiting companies McKinsey & Company,JP Morgan ,Boston Consulting Group, Merrill Lynch & Co, Philips India Ltd., ITC, Bajaj Auto, Infosys etc.
Job Position Business Manager, Account Manager, Brand Manager, Project Manager, Management Consultant, Investment Banker, Equity Research Analyst, Card Payments Operations Head, Hedge Fund Manager

About Master in Management Studies

  • master in management studies (MMS) is a postgraduate course for applicants of 2-years which includes four semesters in it. 
  • The course gives the opportunity to individuals to explore the management world. Their approach to business education is more theoretical compared to any MBA student. 
  • MMS guides give specialization in commercial enterprise characteristics you might be inquisitive about consisting of marketing, consulting and finance. 
  • master in management studies provide a deep knowledge of management to the students, also the scope after completing the course is so vast that one can easily build a good career in this field.
  • Graduates in this field have an excessive demand among recruiters. It provides opportunities to individuals to study or work abroad. 
  • The fees of the course can vary from colleges to colleges, the average course fees is around INR 50,000 per year if pursued from government colleges and it can go upto INR 10,00,000 per year for a high standard private college. 

Why Study Master in Management Studies?

  • Master in Management Studies offer diverse opportunities in various unique profiles such as Account Manager, Business Manager, Brand Manager and many more.
  • Master in Management Studies helps the students to gain in-depth understanding of project management and business statistics.
  • Post completing the course candidates will land a better job with higher pay package and better management position.
  • MMS course is a fantastic networking opportunity given faculty and industry exposure in a curriculum. 
  • MMS courses are generally cheaper than MBA courses thus giving you specialization at lower cost. It costs around INR 50,000 to 10,00,000 per annum while an MBA course can cost you around 20,00,000 per annum. 
  • Due to international partnerships between top enterprise schools and agencies, graduates can expect a high profile job not only in India but also in foreign countries as well.

Also Check: Diploma in Event Management 

Master in Management Studies: Admission Process

The Masters in Management Course or MMS course admission process is done through merit based as well as entrance examination based. Most of the popular colleges/universities offer admission to the students based on the scores obtained by a candidate in entrance exams conducted at a national/ state or university level while there are few colleges which grant admission based on merit-based that is on the basis of 10+2 scores of a candidate. 

For entrance examination based admission, candidates after qualifying the entrance test may also be required to face Group Discussion or Personal Interview rounds and Documents Verification round after which admission is finally offered to the candidate.

MMS Course: Eligibility Criteria

Students who wish to enroll in the Masters in Management course must meet the following minimum eligibility requirements:

  • Candidates willing to pursue Masters in Management must have completed their 10+2 from a recognized board.
  • Aspirants must have secured a minimum aggregate of 55% aggregate marks in their bachelor's degree or more to be eligible for the course.
  • Candidates must have completed their bachelor's in any field from a recognized University. 
  • There is a 5% relaxation in the minimum aggregate marks for the candidates belonging to reserved categories (ST/SC).
  • Candidates may also be required to qualify the entrance exam conducted at national/ state level or conducted by the University. 

MMS Course: Admissions 2023

Mentioned below is the common admission procedure followed by the major colleges and universities to enroll students for the Master in Management Studies course:

  • To apply for admission candidates are required to visit the official websites of the respective colleges and click and get into the admission section.
  • Then the students are supposed to fill in the admission form by providing details such as name, address, age, UG grades, parents/ guardian’s name, marks secured in 12th, upload photographs, etc.
  • After that students are required to pay the required application or registration fees through any payment method. 
  • There are two ways by which colleges or universities take admission i.e., Merit-based and Entrance-based. So, if the college or university intake students on a merit basis, students are selected based on their marks 10+2 examination.
  • The other way is that some colleges/ universities use entrance exams for the selection of the students. Aspirants must score good grades for the smooth admission into the college/ university.
  • The results for the entrance exam will be published on the official website of the respective college on the mentioned date.
  • Candidates may also be required to face Group Discussion or Personal Interview round followed by a Document Verification process.
  • After the selection, students are required to pay the fees, submit the necessary documents to the college and confirm their admission.

MMS Course: Entrance Exams

The table below shows some of the popular entrance exams which an aspirant need to qualify for admission to master in management studies course: 

Exam Name Registration Date Exam Date
CAT August 3 – September 21, 2022  November 27, 2022
MAT (February Session)

December 27 – February 14, 2023 (PBT Mode)

December 27 – February 21, 2023 (CBT Mode)

December 27 – February 27, 2023 (CBT Mode) 

February 19, 2023 (PBT Mode)

February 26, 2023 (CBT Mode)

March 04, 2023 (CBT Mode)

SNAP August 04 - November 24, 2022 December 10, 18, and 23, 2022
XAT August 10 – December 12, 2022 January 08, 2023
ATMA December 26 – February 18, 2023 February 25, 2023

Check out: CAT sample paper

Types of master in management studies Courses

master in management studies can be pursued in full-time as well as in part time education. The course is available in Regular or Distance Learning mode and Online mode. Most of the colleges/ universities offer the course in full time mode however there are few colleges which offer the master in management studies course through Distance Education Learning. The students can opt for any mode of learning depending upon the way which is convenient for them.

Full Time Course

master in management studies is usually available as a full-time course and states that the students are supposed to attend all the lectures for the course physically for the entire 2-years till their PG is completed. They’re even supposed to do all the project as well as assignment work and to give all the internal evaluation exams.

master in management studies focuses on the understanding and creation of the latest and modern designs and systems. Students are required to submit their projects based on their research in the same field.

Online Course

There are some popular online platforms such as Coursera, edX, Skillshare and many others. Apart from online platforms many foreign universities or colleges offer the online courses as well. Candidates can opt for the various popular online courses offered in the field of management. The enrollment for these online courses is very easy, aspirants just need to visit the official website of the course provided, select for their desired course and pay the fees. 

Some of the popular online course in the field of management are given below in the table chart: 

Course name Platform Average Fees
Leadership and Management Courses Coursera Free
Online Management & Leadership Courses edX Free
Essential Business Courses Harvard University NA
Executive Program in Management Columbia Business School NA
Management Courses Udemy INR 1,776

Also Check: Certification courses in Event Management

master in management studies: Distance Education

There are few colleges/universities that offer the master in management studies course through Distance Education Learning mode. Distance MMS courses provide individuals the opportunity to attain the knowledge in the course from their respective places. Job professionals who don't have regular time to attain classes can opt for distance courses. Their syllabus is exactly similar to a regular Masters in Management course.

MMS Distance: Admission Process

The course admission process is the same as the regular ones. The merit based selection process after passing the entrance test. Candidates should have their graduate degree from a government recognised college or university. 

Top Colleges

master in management studies: Syllabus

master in management studies is a 2-years postgraduate course which is divided into 4 semesters. The course curriculum comprises several practicals and skills development concepts such as Strategic Management, Negotiation and Selling skills, Effective Communication Management etc. The syllabus of the course deals with the in-depth study of concepts and subjects such as Business Statistics, Financial Management, Human Resources Management, and many other important topics related to Management studies. 

master in management studies: Semester wise Syllabus

The below table provides a semester wise breakup of the course:

Semester I Semester II
Operations Management Marketing Management
Business Statistics Operations Research
Managerial Economics Financial Management
Perspective Management Human Resource Management
Effective and Management Communication Legal Aspects of Business and Taxation
Financial Accounting Business Research Methods
Information Technology for Management Analysis of Financial Statements
Negotiation and Selling Skills Entrepreneurship Management
Semester III Semester IV
International Business Project Management
Strategic Management Final Project
HR HR
Marketing Marketing
Operations Operations
Finance Finance

master in management studies: Top Colleges in India

Some of the top colleges/universities in India which offer Master in Management Studies are given below in the tabular chart: 

College Comparison

Parameters KJ Somaiya SIMSR, Mumbai SIES College of Management Studies (SIESCOMS)
About the College (25 words) KJ Somaiya SIMSR, Mumbai was established in 1971, it is a private autonomous business school affiliated to the University of Mumbai and approved by AICTE. It has also been accredited by NAAC as well as NBA. SIES College of Management Studies (SIESCOMS) is affiliated to Mumbai University and it is approved by AICTE. The most popular course offered at the institute is PGDM with various specializations.
Entrance Exam Accepted MAH CET or CAT/ XAT/ MAT or Somaiya Entrance Test (SET) CAT/ MAT/ CMAT/MAH- CET/ ATMA
Location Somaiya Vidyavihar University, Vidya Vihar East, Mumbai, Maharashtra 400077 Sri Chandrasekarendra Saraswati Vidyapuram Sector-V, Nerul, Navi Mumbai, Maharashtra 400706
Rankings 28 by Indiatoday 55 Indiatoday
Average Fees INR 3,32,445 INR 5,00,000
Average Salary Average Package -INR 9,80,000 Highest Package -INR 29,70,000 Average Package -INR 7,14,000 Highest Package -INR 18,00,00
Top Companies for placements Accenture, ICICI, Amyway Cipla, Amazon, Deloitte, Asian paints, HDFC, etc

master in management studies: Abroad

master in management studies abroad is also a 2-years postgraduate course, most of the students wish to complete their higher education from foreign colleges/universities because they offer better infrastructure and placement opportunities. To get admission to foreign institutions aspirants must fulfill the eligibility requirements for the course and possess all the essential documents. 

For Admissions to the master in management studies course abroad, students have to appear in Graduate Record Examination (GRE). Verbal, mathematical, and analytical writing skills of a student are measured in such examinations. Some of the other popular entrance exams whose scores are accepted by almost all the top colleges/universities in the US, Australia, UK, Canada are GMATSAT, MCAT and LSAT. 

In addition, most of these universities offer admission to students based on any of the English proficiency test scores, namely TOEFL or IELTS. Some of the popular colleges offering Master in Management Studies are given below: 

Check out: 

master in management studies: Jobs

master in management studies is assuredly a lucrative option in terms of salary and job opportunities. The course provides high job prospects to the candidates. Graduates can find reputed and high profile jobs in various areas such as Banks, Commercial Enterprise Consultancies, Brand and Marketing, NGOs, Instructional Institutes, Export Groups, Monetary Agencies, Business Houses and MNCs. 

Some of the top job profiles that a graduate of master in management studies can opt depending upon their interests, skills and knowledge includes Financial Analysts, Brand Manager, Project Manager and many others. The annual average salary post completing master in management studies is between INR 3,00,000 to INR 10,00,000.

Top Job Profiles

Some of the popular and high profile jobs are given below in the table along with their average salary and responsibilities.

Job Profile Job Description Average Annual Salary
Financial Analysts Financial analysts are responsible for tracking a company's financial performance, analyzing business performance and market conditions to make forecasts. They also play an important role in increasing productivity of an organization. INR 3,92,000 to INR 9,12,000
Brand Manager Brand Managers are responsible for adoption of a brand strategy for the respective target audience. The Brand Managers are also responsible for creation of the promotional campaign that would help the company establish an exclusive brand image for the company. INR 9,12,000
Project Manager Project Managers are responsible for planning, coordination and timely execution of the projects. Also they are responsible for the preparation of the budgets of the different projects, allocate resources and manpower to the different projects and keep the stakeholders in the loop about the progress in the projects. INR 4,90,000 to INR 15,00,000
Business Development Manager Business Development Managers are the ones who set goals and develop plans for growth of business and revenue. They also research and implement new or perfect market initiatives to achieve the target goals for developing a business and revenue. INR 4,00,000 to INR 8,00,000

Also Check out: How to become an Brand Manager?

Top Recruiters

On the successful completion of the course, students get employed with government or private organizations. The following table shows the list of top recruiting companies that hire graduates in master in management studies.

Sutra HR Vodafone
Bharti Airtel Wipro Ltd.
Tata Motors Zycus

master in management studies: Scope

The scope in the field of Management is so vast that post completing a master in management studies, it opens a door to a wide range of highly paid and professional job opportunities not only in India but also in foreign countries. Students can find a lot of high profile jobs in top-notch National as well as Multinational Companies (MNCs). After the successful completion of the course candidates can get an attractive and incomparable annual salary of around INR 60,00,000 or even more.

There is a leading growth and scope for graduates of Master in Management Studies, the demand for the professionals is rising day by day from the past few decades. Apart from opting a lucrative job, candidates can also go for higher education in the same field to boost their knowledge and enhance skills.

  • Students should opt for MBA after the MMS if they want to gain some practical knowledge along with theoretical knowledge.
  • Doing an MBA after MMS can also boost their salary as an MBA graduate gets more salary than an MMS graduate. 
  • MMS graduates could also do pHD after its master's completion. 

master in management studies: FAQs

Ques. Does an MMS degree provide you with a distance education mode? 

Ans. Yes

Ques. What are the jobs you can get after completing MMS? 

Ans. Managers consultant, Bank Manager, Brand Manager , Finance Manager and so on

Ques. What is the structure of the fees of an MMS course?

Ans. The fee shape of MMS has decreased considerably compared to the PGP or PGDM programs. The training charge of the important B-faculties supplying MMS software varies from Rs 2,00,000 to Rs 6,00,000. The charge amount can also vary from institute to institute however the variety of fee is possibly to be around Rs 10,00,000.

Ques. Does the Course have any entrance exam? 

Ans. MMS admissions are provided through front assessments like CAT, CMAT, and others. As a end result, if you wish to enrol inside the MMS operations programme, you must put together properly for the entrance exams

Ques. Which is better: MMS or MBA? 

Ans. Because the MBA is a properly-diagnosed diploma and acknowledged to help students at ease some of the high-quality jobs in the international area effortlessly, it usually has a higher tuition charge than MMS. In reality, quite a few students who cannot have enough money in MBA programs choose MMS instead as a cheaper opportunity.

Ques. How to get admission in the course?

Ans. Firstly, the candidate has to fulfil the eligibility criteria after which he or she can apply for the entrance examination. The candidates qualifying the examination and interview are the ones who are eligible for the admission. 

QuesWhat is the eligibility criteria for admission? 

Ans. Students must have their graduation degree with a minimum marks in graduation 50%.The degree should be government authorised. 

Ques. How to get admission Abroad for the MMS course? 

Ans. To get admission to the Abroad colleges/universities one must fulfill the eligibility requirements set by the college or university for the course. Apart from basic eligibility, candidates may also require to qualify the entrance exams and English Language Proficiency Test. 

Ques. Which are the platforms that provide online education programs? 

Ans. Xaviers Institute, Udemy and edX are some of the popular institutions or online platforms that offer the course through online mode. 

Ques. What are the minimum fees of the course?

Ans. The minimum fees for the course vary from college to college, the average annual fees for the course is INR 50,000 which is the minimum fees which you have to pay in order to attain an MMS degree. 

Master in Management Studies [MMS] : 6 answered questions

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Ques. What should I choose between Sydenham PGDBM and K J Somaiya MMS?

● Top Answer By Samiksha Panday on 08 Sept 21

Ans. Having known some students of both these colleges, I can say that both the colleges are really good in terms of infrastructure, culture, and faculties. There are of course some differences too and for that let me share with you a few details. K J Somaiya has better infrastructure and the campus is located at the heart of the city. SIMSREE doesn't have such a big infrastructure. SIMSREE has a better ROI than K J Somaiya.  Placement usually depends on your profile and how you perform in your management education & certainly performance in interviews. Professors, peers both are good in both colleges.  At SIMSREE, the finance course is much better as there are several guest lecturers visiting from JBIMS. Both SIMSREE and K J Somaiya’s program in MMS is Mumbai University affiliated. Its degree is acceptable for several government jobs as well. Categories MMS at SIMSREE MMS at K J Somaiya Course Fee 1.36 lakh 3.24 lakh Highest CTC 20 LPA - Average CTC 12 LPA 8-9 LPA Recruiting Companies American Express, Barclays, ITC, KPMG, etc. Amazon, HUL, Deutsche Bank, Wipro, etc. It must be noted that PGDBM is not offered at SIMSREE rather the institute also offers MMS in affiliation with Mumbai University. Also, while choosing between MMS at Sydenham and K J Somaiya, it is suggested that you talk to alumni of both colleges, which would definitely give you a clear idea. Read more
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Ques. How good is the Master of management program at IISc, Bangalore?

● Top Answer By Kanan Sharma on 14 Aug 20

Ans. The Master of Managment (M.Mgt) program at IISc, Bangalore is one of a kind in India. The program duration is 2 years. The course curriculum is quantitative and technology-oriented which enables graduate engineers to become responsible management leaders in data-driven organizations. IISc, Bangalore is ranked 1st in India by NIRF. The total course fee for M.Mgt at IISc, Bangalore is 2.56 lakhs and the student intake of the program is 15. The eligibility criteria for admission into the program are BE/ B Tech degree with 60% marks with a valid score in CAT/GMAT/GATE. The institute also conducts group discussions and personal interviews. Companies like Wipro, Infosys, Cognizant, Thomson Reuters, McKinsey and Company, Walmart, KPMG, visits the campus for placement drive. The average placement package at the institute is 10 LPA and the highest package is around 40 LPA.Read more
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Ques. How many cutoff is required for MMS at JBIMS in CMAT and MH CET

● Top Answer By Tezal Dahiya on 23 Jun 23

Ans. This year, the bar for JBIMS was 99.95 percentile for the general category and around 99.50 percentile for OBC. The Centralised Admission Process (CAP) of the Government of Maharashtra is used to get into the two-year Masters in Management Studies (MMS) program at the Jamnalal Bajaj Institute of Management Studies in Mumbai.  Scores on the MHA-MBA/MMS CET were taken into account when deciding who to let in. This year, there were no AI spots. For SIMSREE, AI students need at least 99.93 and CAT students need 96.Read more
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Ques. What is the scope of an MS in management studies from DOMS IIT Madras?

● Top Answer By Aditi Sengupta on 31 Mar 23

Ans. IIT Madras is a premiere Engineering college and all the courses are of premium quality and taught by world-class faculty. Talking specifically about DoMS, it has some of the oldest and most highly experienced faculty who are very cooperative and guide the students throughout their journey. IIT Madras faculty are experts in their area of specialization mainly because my cousin was an M S - Mech student, and had to audit classes, with the Consent Of Teachers in the Management Studies department. She was fortunate enough to avail the opportunity to teach in DoMS. She was impressed by the faculty of the department and shared her wonderful experience. Not only in academics but the department is also known for its valuable research work done by MS students. Many students even opt for Ph.D. after completing their MS. IIT Madras’ Central Library is no joke given the huge variety of books and unique research materials. It runs 24/7 and one can even photocopy necessary material for research purposes. Without further hesitation, go for MS at DoMS IIT Madras and you will realize how wonderful a decision it was.Read more
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Ques. Which is a better option in Jain University in Bangalore: MBA or MMS?

● Top Answer By Souvick Jain on 06 Apr 23

Ans. Jain University in Bangalore offers both MBA (Master of Business Administration) and MMS (Master of Management Studies) programs. Both of these programs have their own unique features and benefits, and the choice between the two ultimately depends on your individual goals and preferences. Here are some key differences between the two programs to help you make an informed decision: MBA Program: MBA is a postgraduate degree program that typically focuses on developing general management skills, with a broad curriculum that covers a wide range of business functions such as finance, marketing, operations, and human resources. MBA programs are designed for students who have some work experience and are looking to advance their careers or transition into management roles. MBA programs often offer more flexibility in terms of course offerings, allowing students to tailor their studies to their specific interests and career goals. Jain University's MBA program is accredited by the National Board of Accreditation (NBA) and offers a range of specializations such as Finance, Marketing, HRM, Operations, Entrepreneurship, and Business Analytics. MMS Program: MMS is also a postgraduate degree program, but it is more specialized and focuses specifically on management studies, with a curriculum that is typically more focused on business strategy, organizational behavior, and leadership. MMS programs are designed for students who want to gain a deeper understanding of management principles and practices and are looking to transition into management roles. MMS programs often have a more structured curriculum and may not offer as much flexibility in terms of course offerings. Jain University's MMS program is affiliated with Bangalore University and offers specializations in Marketing, Finance, and Human Resource Management. When considering which program to choose, you should take into account your personal interests, career goals, and the type of knowledge and skills you want to gain. Some factors to consider include: Specialization: If you have a specific area of interest within management, you may want to consider an MBA program that offers a specialization in that area. Alternatively, if you want a more general overview of management principles, an MMS program may be more suitable. Work Experience: MBA programs typically require some work experience, whereas MMS programs may be more suitable for students who are just starting their careers. Course Structure: MBA programs tend to offer more flexibility and course options, while MMS programs may have a more structured curriculum. Both MBA and MMS programs at Jain University are well-regarded and offer excellent opportunities for professional and personal growth. It's important to consider your own goals and preferences when deciding which program is right for you.Read more
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Ques. What is the difference in a PGDM and MMS placement scenario KJ Somaiya?

● Top Answer By Sahil Agarwal on 04 Sept 20

Ans. There is no difference between the placement for PGDM or Postgraduate Diploma in Management course and MMS or Master of Management Studies course offered by KJ Somaiya. The entire batch for both the courses goes through the same placement process. According to the placement drive 2019-2020 statistics of KJ Somaiya, almost 97% of students have received placements. Students have received job offers from Industrial sectors like Banking and Insurance sector, IT and ITES, Financial Services, Consulting, FMCG, and Manufacturing. The top recruiting companies included Polaris UK, Accenture, PwC, and Target Inc. A total of 165 companies participated in the placement program and the number of new recruiters was 39. The highest and average CTC received by the students were 28.5 LPA and 10.08 LPA. The difference is in the PGDM and MMS is mainly the admission process, duration, and the fees. The placement procedure is more or less similar.Read more
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