Master of Technology Management is a full time postgraduate program which aims at providing in-depth knowledge of both engineering and management combined. Candidates will get to develop skills relating to both technical and managerial which can be used for the better management of the company. Candidates who have completed a bachelor’s degree in technological management are eligible for the course or any other discipline as well.
Candidates can take admission in Master of Technology management on the basis of entrance exams conducted by CAT, XAT, SNAP, CMAT, etc. However, some colleges take admission on the basis of merit as well as on the basis of marks scored in the Graduation program.
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The average course fees for Master of Technology Management for the entire duration is INR 30,000 - 2,75,000. There are Government as well as Private colleges that offer this course. Some of the best colleges in India are Narsee Monjee College, Amity University, Indian Institute of Technology, etc.
After completion of this course, the candidate can either opt to pursue higher studies or even start doing a job. The candidates work in various sectors such as IT companies, Software Companies, Health Care Sector, Academic Institutions etc. and can work as an IT Manager, Business Analyst, Information technologists and many more. The candidate can expect a starting salary of around INR 4,67,000 - 8,91,000 per annum. According to Glassdoor, the highest salary can be around INR 30,00,000 per annum.
Table of Contents
1.3 Why study?
2.2 Admission Process in India
2.2.1 Eligibility
2.2.2 Entrance Exams
7.1 Scope
7.3 Salary
Master of Technology Management: Highlights
Tabulated Below are some of the basic details of the course for your better reference. Candidates must refer the whole article for deep knowledge about the course,
| Course Name | Master of Technology Management |
| Course Duration | 2 years |
| Exam Type | Semester Type |
| Eligibility Criteria | Bachelor's degree in Technological Management with a minimum aggregate of 50% from a recognized Institutes. |
| Selection Process | Entrance Exam |
| AVerage Course Fees | INR 30,000 - 2,67,000 |
| Job positions | Business Analyst, Graphic Designer, Information Technologists, Database Administrator. |
| Top Recruiters | Wipro,Google, Amazon, Flipkart, JP Morgan, Facebook, Microsoft. |
| Employment Areas | IT Firms, Software companies, health care companies, Educational Institutions. |
| Average Annual Salary | INR 4,12,000 - 8,91,000 per annum |
What is Master of Technology Management?
Master of Technology Management is a 2-year postgraduate course divided into 4 semesters. This course is a blend of both engineering and management. This course focuses on helping engineers, entrepreneurs, scientists and inventors to broaden their horizon with management and technological skills. There are various specializations under this degree namely network security, data management, system administration, software development, etc.
Why Study Master of Technology Management
- Master of Technology Management is a program that has seen substantial growth over the years. Several big companies are looking to hire fresh as well experienced candidates who have requisite skills.
- This course prepares candidates and well equips them with the knowledge of both engineering and management.
- This course offers various specializations for the candidates to build necessary skills which will help them to increase their chances of getting a high paying job.
- Because of the rise in technology, the course has seen a huge demand in various sectors of the economy.
- The salary structure offered to the candidate is relatively high as compared to other fields. Candidates can expect a starting salary of around INR 4,50,000 per annum. While the salary of candidates with more than 5 years of experience can expect a salary of INR 8,07,000 per annum.
See Also: Why Study MBA?
Who should study Master of Technology Management?
Since this is a technical course, candidates pursuing this course will be required to possess some of the essential knowledge and skills about technology and management. Provided below are details about who is suitable for pursuing this course for your reference,
- Candidates having an interest in the technology sector and want to manage that using their managerial skills , then this course is the right choice for candidates looking for the same.
- Since there is a lot of advancement in technology, there are a lot of candidates who are tech savvy and they keep on trying and finding out knowledge about the technology and its working.
- Candidates who are very well aware of the recent developments and follow different trends of the technology.
- Candidates who have problem solving skills i.e. there will be situations that the candidate will face on a daily basis. So the candidate must have this skill to deal with situations like this.
- Candidates having knowledge of HTML, SAP, C++ , JavaScript will be advantageous for the candidates.
Master of Technology Management: Admission Process
The admission process to this course is not typical. It's just that the candidate must check the eligibility criteria. If the candidate fulfills the eligibility criteria, then they are eligible for the program. Candidates must have completed a graduation degree in Technology management with an aggregate of 50% or above from a recognized institute.
Let’s discuss below the admission process and eligibility criteria in India as well as abroad for candidates knowledge.
MTM Admission Process in abroad
Master of Technology Management is the course that can also be pursued abroad. For taking admission in any of the universities abroad, the candidates are required to follow certain steps . Some of them are mentioned below for your reference,
- Candidates must have completed a bachelor's degree in technology management from a recognized institute
- Candidates must have acquired a minimum aggregate of 65% or above or equivalent CGPA .
- Candidates must appear for the language proficiency tests such as IELTS or TOEFL
- Candidates must have scored a minimum score of 6.5 & 100 respectively.
- Candidates must apply in the universities accordingly.
- Candidates must have 2 references from the academic professors specifying academic records and interest
- Candidates must also submit their Statement of Purpose.
MTM Admission Process in India
First and foremost important thing for the candidate is to check which college they would like to apply to. Candidates must check the eligibility criteria and move on with the application. Candidates must go through the instructions carefully. Any discrepancy can lead to the rejection of the application.
- Candidates must visit the official website regularly for all the updates
- Candidates must proceed with registering themselves by providing the correct mobile no. and email id.
- Candidates must check the eligibility criteria and mode of admission.
- While some colleges take admission on the basis of merit according to the marks scored in graduation will be called for counseling process
- Those colleges who take admission on the basis of any entrance test , then in that case candidates must appear in the entrance test.
- Some of the accepted entrance tests are CAT, XAT, CMAT, CUCET etc.
- Candidates will be called on the basis of marks scored in these tests.
MTM Eligibility in India
The basic eligibility criteria that the candidate will be required to meet is pointed out below for candidates knowledge. It should be kept in mind that if any of the parameters are not fulfilled, then it can lead to rejection of the application,
- Candidates must have completed a Bachelor's degree in Technology Management from a recognized institute.
- Candidates must have scored an aggregate of 50% or above or equivalent CGPA.
- Candidates will be required to appear for the entrance exam such as CAT, XAT, MAT, CUCET, FMS etc,
- Candidates must have a valid score in the entrance test and must come within the cut-off range.
MTM: Entrance Exam
| Exam Name | Exam Dates |
|---|---|
| GATE | Check Here |
| SRMJEE | Check Here |
| WBJEE | Check Here |
| AP PGECET | Check Here |
| TS PGECET | Check Here |
Master of Technology Management Syllabus
The syllabus for Master of Technology Management is very extensive. It covers different branches of technology, engineering and business management , financial management and many more.
| Semester I | Semester II |
|---|---|
| Foundation in Technology Management | Technology Forecasting and Assessment |
| Technology, Creativity, and Innovation | Technology Transfer Management |
| Information Technology for Business | Technology Projects, Appraisal and Evaluation |
| Organizational Behavior and Interpersonal Skills | Business Research Methods |
| Principles of Marketing | Economic and Legal Environment |
| Accounting for Management | Financial management |
| - | Project I |
| Semester III | Semester IV |
| Production and Operations management | Strategic Management of technology |
| International Business and Strategic Alliances | Supply Chain management |
| Organizational Development and Team Building | Performance Appraisal And Counseling |
| Leadership and Change Management | Industrial Relations and Labor laws |
| - | Project II |
Master of Technology Management: Top Colleges in India
| Name of the College | City | Average Fees |
|---|---|---|
| Amity University | Noida | 6,08,000 |
| MIT College of Management | Pune | 3,23,000 |
| Balaji Institute of Technology and Management | Pune | 5,05,000 |
| JG University | Ahmedabad | 3,20,000 |
| Prestige Institute of Management and Research | Indore | 1,19,500 |
| Narsee Monjee Institute of Management Studies | Indore | 2,77,500 |
| BML Munjal University | Gurugram | 5,80,000 |
| Vishwakarma Institute of Management | Pune | 1,65,000 |
| GNIOT Institute of Management Studies | Greater Noida | 3,42,000 |
| Asia Pacific Institute of Management | New Delhi | 8,75,000 |
Master of Technology Management: Top colleges in World
Apart from India, There are several colleges abroad in which the candidate can opt to pursue Master of Technology Management. Some of the top Countries are USA, UK, Canada, Australia. Tabulated below are the top colleges along with their average fees are mentioned below for your knowledge,
| Name of the College | City | Average Course Fees |
|---|---|---|
| University of Windsor | Canada | 16,20,900 |
| National College of Ireland | Ireland | 12,27,500 |
| University of Sydney | Australia | 24,47,500 |
| RMIT University | Australia | 20,67,000 |
| University of Melbourne | Australia | 34,38,300 |
| University of Auckland | New Zealand | 28,51,700 |
| University of Queensland | Australia | 19,89,400 |
| Technological University | Ireland | 26,37,000 |
| Ohio University | USA | 15,33,800 |
| Stanford University | USA | 67,75,000 |
Master of Technology Management: Alternative Courses
Apart from Master in Technology Management, aspiring candidates can also look into the following courses:
- MBA Industrial Engineering and Management
- Master of Technology and Development
- Master of Engineering Management
- M.Sc. in Innovation and Technology
- MBA Financial Management
- M.Sc. Information Technology
| Particulars | MBA Financial Management | M.SC Information Technology | MBA Industrial Engineering and Management |
|---|---|---|---|
| Overview | MBA Financial Management is a 2-year postgraduate course divided into 4 semesters. This course helps in understanding the financial, auditing, accounting and capital management concepts while learning about the fundamentals of business management at the same time. | M.Sc. Information Technology is a 2-year postgraduate course divided into 4 semesters. For candidates who aspire to work in the IT sector, this course is very informative. It provides theoretical knowledge as well as practical experience in cybersecurity, data management, data mining, software development, computer systems, etc. | MBA Industrial Engineering and Management is a 2-year postgraduate program divided into 4 semesters. This course teaches about different functions that take place at a factory like planning, finance, strategy, operations, etc. |
| Average course fees | 10,000-20,00,000 | 80,000-15,00,000 | 60,000-10,00,000 |
| Top Colleges | SP Jain Institute of Management and Research, Narsee Monjee Institute of Management Studies, MIT School of Business. | University of Madras, Stella Maris College, Christ University, St. Xavier’s College | NITIE Mumbai, IIT Kharagpur, IIT Bombay. |
| Average Salary Package | 6.78 LPA | 7.17 LPA | 13.58 LPA |
Master of Technology Management: College Comparison
| Particulars | Amity University | Narsee Monjee Institute of Management Studies | Faculty of Management Studies |
|---|---|---|---|
| Overview | Amity University is a private university in India that was established in 2005. It was the private university to implement reservations and offered various undergraduate, postgraduate, diploma and doctoral courses. | Narsee Monjee Institute of Management Studies is a private deemed university that was established in 1981. Initially starting with MBA, this university has grown to offer many undergraduate and postgraduate courses. | FMS Delhi is a constituent college of the University of Delhi. Established in 1954, it is known as a college with low investment and high returns since the fees of the college is very low and salary packages are high. |
| Ranking | 65 | 55 | 7 |
| Fees | 7.67 L | 14.34 L | 15,000 |
| Salary package | 6 LPA | 35.05 LPA | 32.4 LPA |
Master of Technology Management Jobs
| Job Profile | Description | Average Annual Salary |
|---|---|---|
| IT Manager | An IT Manager is an information technology expert who keeps track, directs and oversees activities related to a company’s computer and information system. | 11,70,000 |
| Application Programmer | Application Programmer’s prime role is to write the codes for different softwares used in computers and other electronic devices. They also research about the modifications that must be made within a software. | 8,01,000 |
| Business Analyst | They are connectors of the IT and the business world and analyze past and present market conditions in order to better their decision-making ability. | 7,00,000 |
| Graphic Designer | Candidates communicate messages through visually appealing content. This plays a huge role in publicity and marketing. They develop designs, illustrations and logos. | 3,09,000 |
| Information Technologist | Information Technologist specializes in designing hardware and software solutions. They help businesses remain active in this technology-oriented world and provide support to the IT sector. | 10,63,000 |
| Database Administrator | A database administrator is an information technician who directs and performs all activities to maintain a healthy database. They ensure that the organization’s database remains efficiently functioning and secure. Their job responsibilities include installation, configuration, data recovery, performance monitoring, security, troubleshooting, etc. | 7,92,000 |
Master of Technology Management: Scope
Master of Technology Management is a unique amalgamation of engineering and management courses and holds a lot of career opportunities for its candidates. They can work in different fields like IT consultancies, Information security, System Development, Network Infrastructure, etc. All these fields hold the growth and future of the country and are therefore, very much in demand.
What after Master of Technology Management?
A Master of Technology Management graduate opens many new career avenues for himself. Some of them are:
- One can become a business analyst after completing this course. They are connectors of the IT and the business world and analyze past and present market conditions in order to better their decision-making ability. For this purpose, they need to have top-notch analytical skills and be detail-oriented.
- Candidates can also become application programmers whose prime role is to write the codes for different software used in computers and other electronic devices.
- Technology Management graduates can also become graphic designers where candidates communicate messages through visually appealing content. This plays a huge role in publicity and marketing.
- One can also choose to become an Information Technologist who specializes in designing hardware and software solutions. They help businesses remain active in this technology-oriented world and provide support to the IT sector.
- One can also become a database administrator. A database administrator is an information technician who directs and performs all activities to maintain a healthy database. They ensure that the organization’s database remains efficiently functioning and secure.
Master of Technology Management: Salary
According to Glassdoor, the candidate who has completed masters in Technology Management can expect a starting salary of more than INR 4,75,000 per annum. The salary is also dependent on a number of factors affecting the salary such as skills, location, experience, company profile etc. Tabulated below is the salary of the Candidates based on the years of experience,
| Years of Experience | Average salary Package |
|---|---|
| 0 - 3 years | 4,89,000 |
| 4- 6 years | 6,11,000 |
| 7-10 years | 8,45,000 |
| 11-15 years | 13,67,000 |
| 16 - 20 years | 17,88,000 |
Master of Technology Management: FAQs
Ques. What are common entrance exams for Master of Technology Management ?
Ans. There are some of the common entrance exam that the candidate is required to appear in order to get admission in the program:
- CAT
- SNAP
- CMAT
- GMAT
- XAT
Ques. What is the scope of Master of Technology Management in India?
Ans. The scope of master of technology management is quite extensive. Due to the continuance growth in demand, the candidate will get to explore various opportunities in the healthcare sector, IT firms, software companies etc.
Ques. How Can one pursue a Master of Technology Management?
Ans. In order to pursue Master of Technology Management, the candidate will be required to appear in the entrance test such as CAT, XAT, etc and on the basis of that score the candidate will be given admission
Ques. What are the job profiles after Master of Technology Management?
Ans. Some of the popular job profiles after Master of Technology Management are:
- IT manager
- Administrator
- Business Strategist
- IT administrator
Ques. Can a Master of Technology Management Be done from a distance?
Ans. Yes, this program can be done from a distance. There are several colleges in India that offer this course such as Annamalai University, Nalanda University etc
Ques. What is the highest salary after completing a degree in Master of Technology Management?
Ans. According to Glassdoor, the highest salary after completing a degree in Master of Technology Management is around INR 40,00,00 per annum.
Ques. Name some of the top colleges for Master of Technology Management?
Ans. Some of the top colleges for pursuing Master of Technology Management are:
- Amity University
- Greater Noida Institute of Technology and Management
- Narsee monjee college
- Indian Institute of Technology
Ques. Who are the top recruiters for Master of Technology Management?
Ans. Some of the top recruiters for Master of Technology Management are
- Microsoft
- Amazon
- Tata Consultancy Services
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