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MPhil in Management Studies: Course Details, Eligibility, Admissions, Colleges, Jobs & Salary 2023

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Sapna Malik updated

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Master of Philosophy (MPhil) in management studies, is a one year post-graduation course in the management field. MPhil in Management Studies educates the aspirants to prepare for managing these important sectors.

The course is an intermediate Degree between the first Post-Graduate Degree and the Doctorate Degree. MPhil in Management Studies course educates the students to learn the inner aspect of business and manage resources to produce the best output with the most efficiency. 

Aspirants who have scored at least 55% of marks in Master's degree in their respective field are eligible for this course. The students who have qualified CA/ ICWA/ ACS are also eligible for this course.

The admission process is based on the candidates performance in the entrance exams followed by the personal interview. The average annual fees ranges between INR 20,000 to 2,00,000 depending on which college they choose.

After the successful graduation in MPhil in Management Studies, graduates will have numerous job opportunities like the job positions as manager, economist, consultant, human resource management, finance analyst, etc. The graduates can even opt for higher education or attend campus recruitment processes related to the management field with INR 5 to 7 LPA average salary.

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MPhil in Management PhD in Management Studies

MPhil in Management Studies Course Highlights

Course Level Post Graduate and Pre doctorate or Diploma
Full-Form Master of Philosophy in Management
Duration 1 year
Examination type Semester
Eligibility Second class in Master's degree in respective subjects and at least 55% score in post-graduation
Admission Process Aptitude based entrance exam followed by Viva voice and personal interview.
Course Fee Varies from INR 20,000 to INR 2,00,000
Average Salary INR 5,00,000 to INR 6,00,000
Top Recruiting Companies Private firms, Public sectors,  corporate enterprises and academic corporations 
Job Positions Economist, consultant in management, financial analyst, human resource management, professors or researchers
Eligibility

MPhil in Management Studies Eligibility

  • The aspirants should have passed in second class in Master's course in a related subject.
  • The students need to score at least 55% from a well recognized college or university in a related subject.
  • The students who have qualified in exams like CA or ICWA or ACS are also eligible.

MPhil in Management Studies Admission Process

Students are required to apply for various universities offering the MPhil in Management Studies course. Each college has separate methods for conducting the exams and selection process. All the entrance exams are based on general aptitude, subjective questions and the students who score the minimum cutoff will have to attend an interview. 

The registration and scheduling of entrance exams varies depending upon each state government or university which conducts the exam. So students are advised to visit the official website of the entrance exams. Based on the score obtained in the entrance test, a final merit list of qualified students will be prepared.

MPhil in Management Studies Entrance Based Admission

  • Visit the official website of the entrance exams you want to apply for.
  • Fill the application form and upload all the required documents.
  • Pay the registration fees and save the confirmation page for future reference.
  • Only qualified candidates will be eligible for the interview round.
  • After final selection, candidates can pay the tuition fee to complete the admission process.
Top Colleges

MPhil in Management Studies: Top Colleges

Some of the top MPhil Management Studies colleges are listed below along with their respective admission process and annual fees.

College Name Admission Process Average Annual Fees
Karunya School of Management, Karunya University - [KSM] Merit based and entrance based INR 41,000
RKDF University Merit and Entrance based INR 90,000
Monad University Merit and Entrance based INR 24,500
DY Patil University Entrance based —
Jamal Mohamed College Entrance based INR 17,200
CMJ University Entrance based INR 1,45,000
CU Shah University Entrance based INR 58,500
MATS School of Management and Studies Entrance based INR 75,000

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MPhil in Management Colleges PhD in Management Studies Colleges

How to Get Admission in a Good College?

  • MPhil in Management Studies is a Postgraduate level course where students have to perform research on their respective subjects. Some good colleges offering the course are Jawaharlal Nehru University, Jamia Millia Islamia, Tata Institute of Social Sciences, Pondicherry University etc. 
  • All the above mentioned colleges conduct entrance exams on their own. So students need to check the exam dates and patterns.
  • Students aspiring to join a good college for MPhil need to have great interest and knowledge for their respective subjects. 
  • They should also possess a few basic skills like reasoning ability, analytical ability, good observation, knowledge of research, organisation skill, motivation, dedication and good aptitude.

Why this Particular Course?

  • Students often like to go for a Masters in Philosophy instead of studying PhD. MPhil is a one year course in some universities. 
  • In many countries, MPhil includes rigorous research and curriculum in the respective fields. This acts as a prerequisite for a PhD course. For some subjects (humanities, for example), MPhil is considered the highest level in a Master's degree.
  • If any student does not have the financial capability to offord PhD but wants to pursue a research oriented program, then MPhil in Management Studies is the best option. 
  • Some students have a personal interest in research, and they can get trained by professionals for research by undertaking a Masters in Philosophy.
  • Some universities encourage the students to take a Masters in Philosophy before going for a PhD. Based on their performance, those students will be promoted to pursue a doctorate.
  • Students who are facing problems in their research like research is not going well, or requires more resources, then MPhil is the best one. This is because it trains students to develop their soft skills, problem solving ability, verbal and written communication ability, presentation skill, analytical and critical thinking ability.
  • After the successful completion of the course, students will be hired by top enterprises to work in positions like researcher, professor, manager, analysts and many more honourable designations.

MPhil in Management Studies: Course Advantages

Through MPhil in Management Studies, students are given rigorous training to gain knowledge on every aspect of different sectors from a managerial perspective. 

  • Their skills will be improved to analyse symmetrically for finding any efficient solution to a problem in the respective sector. 
  • By the end of the course, students will be ready to take on any problem, finding the root of the trouble and speculating an effective measure. 
  • That's why almost every type of enterprise wants them in at their workplace.
  • Apart from the regular subjects of MPhil course, this learning program also prioritises computer, communication, and pedagogical ability. 
  • These things prepare the students so that they will be able to act independently, guiding them to become independent researchers and economists.

MPhil in Management Studies: Course Comparison

MPhil PhD
MPhil (Masters of Philosophy) is a preliminary step before a research program. PhD (Doctor of Philosophy) is the ultimate degree for any research aspirant.
Duration of MPhi course is 1 - 2 years. Duration of PhD course ranges from 3 - 5 years.
Studied after post graduation and before doctorate courses. Studied after post graduation courses.
MPhil MSc
MPhil (Master of Philosophy) is mainly a research-oriented course. MSc (Master of Science) is more of a theory-oriented program.
Duration of MPhi course is 1 - 2 years. Duration of MSc course is 2 years.
Students have to focus on mastering one particular subject. Students have to study diverse topics related to the subject.
Post graduation course and studied after the completion of graduation. Post graduation course and studied after the completion of graduation.
MPhil MBA
MPhil (Masters of Philosophy) is a preliminary level research-oriented course. MBA (Masters of Business Administration) can be studied only after graduation or post-graduation.
Students need to perform rigorous research work on the respective subject. Students have to focus only on the course work.
Duration of MPhi course is 1 - 2 years. Duration of the MBA course is 2 years.
Students gain in-depth knowledge on their respective subjects and are even able to teach others. Students gain enough knowledge to manage resources in corporate firms.

MPhil in Management Studies Distance Education

  • MPhil in management studies involves intense training to be knowledgeable to perform research work on respective subjects. So sometimes, it's not recommended to opt for a distant learning or part-time course for the Master of Philosophy program.
  • If some unavoidable circumstances lead to undertaking a Master of Philosophy in Management Studies as a distant learning course, then here is the list of some colleges which offer distance learning for MPhil courses.
College name State District
Acharya Nagarjuna University Andhra Pradesh Guntur
Convergence Haryana Gurgaon
Dr. B R Ambedkar Open University Andhra Pradesh Hyderabad
E F L University Andhra Pradesh Hyderabad
Himachal Pradesh University Himachal Pradesh Shimla
Karnataka State Open University Karnataka Mysore
Mother Teresa Women's University Tamil Nadu Dindigul
Netaji Subhas Open University West Bengal Kolkata
University of Madras Tamil Nadu Chennai
Syllabus

MPhil in Management Studies Syllabus

Semester I Electives
Research Methodology Financial markets and derivatives
Strategic Management Advanced marketing management
Advances in Management International human resource management
Semester II Latest trends in OB and HRM
Dissertation Management economics
- Strategic development

MPhil in Management Studies Books

Name of the book Author
Macro Economics, Theory and Application G.S. Gupta
Managerial Economics Attmanand
Managerial Economics, Theory and Application Mithani D M
Managerial Economics, an Integrative Approach Mark Hischey
Introduction to Organisational Behaviour Moorhead and Griffin
Organizational Behaviour Meenakshi and Arun Kumar
Essentials of Human Resource Management P S Rao
Human Resource Management D K Tripathi
Financial Institutions Edminster R D
Financial Institutions and Markets Meir Khan
Fundamentals of Marketing William J Stanton
Marketing Management Arun Kumar and Meenakshi
Operation Research- Theory and Applications J K Sharma
Operation Research Anand Sharma
Job Profile

MPhil in Management Studies Job Prospects and Career Options

The Master of Philosophy course educates the students how to perform research work, how to gain critical thinking, problem solving, positive aptitude abilities to work as individual advisors and contribute to development of any sector.

  • After achieving the degree of Master of Philosophy in management, students can opt for further studies like PhD in Philosophy. After successfully completing the research, they can appear for national level exams to work as assistant professor in universities and colleges.
  • If the students want to work as Freshers, they can work in areas like Social and Health sector, public sector, social personal or community service, administration, research center, academic sector etc. 
  • Graduates can take up various job roles like ethics advisor, social worker, teacher or professor, administrator, interviewer and many more after graduation.

MPhil in Management Studies Job Profiles with Description

A few of the numerous job profiles are listed below along with the respective average annual salary.

Job Profiles Average Annual Salary
Economist INR 7 to 15 LPA
Management Consultant INR 8 to 15 LPA
Human Resource Manager INR 4 to 7 LPA
Finance Analyst INR 3 to 6 LPA
Academic Processor INR 3 to 6 LPA
Researcher INR 5 to 8 LPA
Future Scope

MPhil in Management Studies Future Scope

Graduates who successfully completed the Master of Philosophy course have a vast range of scopes available in research, academic, private and government sectors.

  • In government sectors, MPhil Freshers are invited to work as professors and teachers in school colleges operated by the government. Many government research companies also hire them as an analyst or advisor.
  • MPhil graduates are hired as professors for private colleges, advisors or consultants or managers in private companies in private sectors.
  • Graduates can also attend a specialisation course after Masters of Philosophy, they can undertake Moral Philosophy, Aesthetics, History of Modern Philosophy and perform advanced research in these fields.
FAQs

MPhil in Management Studies FAQs

Ques. What is the duration of MPhil in Management Studies course?

Ans. MPhil in Management Studies is a full time course with a duration of 1 year.

Ques. When will the admission process of MPhil in Management Studies start?

Ans. The admission process of MPhil in Management Studies starts usually in the month of October and February.

Ques. Is part time work allowed while pursuing MPhil in Management Studies?

Ans. Part-time jobs are not allowed in full-time MPhil in Management Studies.

Ques. What are required for the admission in MPhil in Management Studies?

Ans. For a full time MPhil in Management Studies course, you need to complete the master’s course in a relevant subject.

Ques. Is work experience required for MPhil in Management Studies?

Ans. Work experience is not mandatory but students with previous experience are also welcome for the MPhil in Management Studies.

Ques. How to get admission for an MPhil in Management Studies course?

Ans. Fill-up the admission form for MPhil in Management Studies in your interested renowned colleges, appear for their entrance exams, score good marks and get admission.

Ques. Is the MPhil in Management Studies course difficult to study?

Ans. If a candidate is good in the particular subject in undergraduate level, then MPhil in Management Studies is not too difficult.

Ques. Is an MPhil course mandatory for PhD?

Ans. An MPhil course is not mandatory before going to PhD. However one can pursue PhD which is higher level than MPhil after completing it.

Ques. How to become a professor after completing MPhil in Management Studies?

Ans. You have to appear for the SET or NET exam and qualify to teach in a UGC approved university or college. However, MPhil is not mandatory to appear for these national level exams.

Ques. Can I switch to PhD from MPhil?

Ans. Yes you can after scoring high performance in MPhil where MPhil and PhD Integrated courses are taught.

M.Phil. (Management Studies) : 23 answered questions

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Ques. How tough is IIM B test for getting into fellowship program at IIM Bangalore?

● Top Answer By Siddant Mittal on 15 May 23

Ans. Unlike CAT, RAT (Research Aptitude Test) is not a unified exam. Evert IIM conducts its own admission process for FPM and thus the pattern of RAT varies from IIM to IIM. One of the patterns is termed as minor RAT followed at IIMB and at a few other IIMs. The RAT consists of different types of CAT questions including questions on verbal skills, logical reasoning, quantitative etc. However, the quantity of questions is less and the questions are distributed differently. Questions are designed to determine minimum eligibility requirements and are not meant for elimination thus the overall test is not too difficult . It's important to note that the RAT pattern for each of the IIMs changes every year. Though some preparation definitely needs to be made for these exams, I would not suggest giving more time to prepare for interviews than the written exam.Read more
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Ques. How is IIM Rohtak for an FPM program?

● Top Answer By Riya Roy Chowdhury on 31 May 23

Ans. IIM Rohtak offers a full-time doctoral program in management or FPM (full-time). This program is designed for working professionals. The exams accepted for admission to this program are CAT/GMAT/UGC-NET/GRE/GATE (in relevant disciplines). Those who did not appear for any of these exams can sit for the RAT (Research Aptitude Test). Here are a few highlights pertaining to the program Duration 4 years Fees INR 7.46 lakh Common eligibility PG degree in any discipline/ CA, ICWA, or CS/ 4 year or 8 semesters Bachelor’s degree Selection CAT/GMAT/UGC-NET/GRE/GATE/RAT The Ph.D. specializations offered under this program are in the following disciplines Economics & Public Policy Finance & Accounting Marketing & Strategic Management Management Information System Organizational Behaviour & Human Resource Management Operations Management & Quantitative Techniques Overall, IIM Rohtak FPM is a great choice for those working professors who are looking for a decent program to upgrade their managerial skills and climb the corporate ladder.Read more
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Ques. What is the Fellow Program (doctoral program) at NITIE Mumbai?

● Top Answer By Akshat Singh Chowdhury on 16 Mar 22

Ans. NITIE Mumbai offers a doctoral-level fellowship program. Recognized by the Ministry of HRD , this program is equivalent to a Ph.D. of any Indian Institute.  NITIE Fellow program is interdisciplinary in nature and covers different facets of industrial, business, and social issues. Finance, Marketing, Economics, Operation Management, Organizational Behaviour, Sustainability, Corporate Social Responsibility & Ethics are some of the specializations of the fellow program.   There are two types of Fellow program admission, i.e. regular full-time candidates and sponsored candidates . Regular full-time candidates with valid GATE or NET JRF scores get financial assistance from the institute.  The course work for the first year is the same for all departments except three steam-specific courses. During the second semester of the program, the institute will assign you a guide as per the research proposal that you will submit during the time of admission. Read more
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Ques. What is the cost of doing FPM in ISB Hyderabad?

● Top Answer By Ritesh Agarwal on 26 Mar 21

Ans. It is to be cleared first that the FPM course is completely equivalent to a Ph.D degree. It takes approximately 4-5 years to complete, along with accurate learning and research work. The fact is that ISB generally pays Rs. 40000 as a stipend along with House Allowances to the candidates who are doing FPM on a full-time basis. Thereby you are not required to pay anything from their own pocket, but they can earn 40 thousand per month. However, the most important thing is that FPM requires accuracy to complete the study without spending money. So, you have to study with full accuracy, and earn support from this institute to carry on your personal and family expenses. You have to enroll as a full-time candidate and should not have any other source of income.  If you have any other second income, then it will not work. After completing this program, the student will get unlimited rewards, considering their knowledge and income.Read more
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Ques. How good is the FPM program in IIM Kozhikode and what are the requirements to get into it?

● Top Answer By Mahak Sengupta on 20 May 23

Ans. The FPM program at IIM Kozhikode is designed for individuals who wish to pursue a career in research and academia. It’s recommended to be less dependent on your guide and then your program will be easier. The only disadvantage is that married students get their degree first and then married accommodation. There is intense competency for married accommodations here. Here are a few pros and cons to determine the worth of IIM Kozhikode  Pros IIM Kozhikode is surrounded by natural beauty and has a beautiful campus You can get non-veg food outside the campus The institute boasts of stellar placements The institute is known for its huge emphasis on sports and excellent sports facilities. Cons Pathetic hostel facilities with sometimes 7 people sharing the same 2BHK in Housing block C&D. There isn’t any A/C faculty and students have to bear the terrible heat Lack of different mess and variety of cuisine. Most IIMs have South Indian and North Indian mess. Because of its natural beauty, it is home to many insects and mosquitoes. Poor faculty for some subjects with no option to change. Unnecessary restrictions and rules imposed on students. FPM eligibility criteria  For the IIM Kozhikode FPM program, candidates are shortlisted based on their academic performance, Qualifying examination scores, and Research Proposal. After shortlisting they are called for a Personal Interview. The minimum cut-off for the CAT, GMAT, GRE, GATE, and IIMB Tests is mentioned in the table below: Category Cutoff General 60 NC-OBC/ EWS 55 ST/ SC/ PwD 50Read more
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Ques. I've got two options, TAPMI PGDM and IRMA PRM. What should I choose?

● Top Answer By Alka Singh on 09 Mar 23

Ans. When deciding on an MBA program, it's important to consider your interests and career goals. If you have an inclination towards rural management, then IRMA would be an excellent choice for you. On the other hand, if you're looking for a general MBA degree and specific profiles post-MBA, then TAPMI may be the better option. If rural management is your area of interest, then IRMA should be at the top of your list. IRMA has a strong reputation for its rural management program and provides excellent opportunities for students interested in the field. On the other hand, if you're looking for a broader MBA degree and want to explore different profiles, then TAPMI may be a better fit. When it comes to post-MBA profiles, TAPMI provides a variety of specializations to choose from, including finance, marketing, human resources, and operations. This means that you can choose a specialization that aligns with your interests and career goals. Additionally, TAPMI has a strong reputation in the industry and attracts many top recruiters, which can enhance your job opportunities post-MBA. Ultimately, the decision between IRMA and TAPMI will depend on your individual interests and career aspirations. Make sure to research each program thoroughly and weigh the pros and cons of each before making a final decision.Read more
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Ques. How tough is it to get into FPM program in XLRI?

● Top Answer By Siddarth Ghose on 20 May 23

Ans. The difficulty of getting into the FPM program at XLRI varies from person to person depending on several factors. Some of these determining factors are the number of applicants, their qualifications, and the admissions criteria of the program. Here are the eligibility criteria of the FPM program that might give you an insight into the toughness of getting into FPM XLRI. A BE / B. Tech. degree or its equivalent with at least 60% marks (50% for SC/ST candidates) obtained after completing higher secondary education (10+2) or equivalent, and followed by at least 2 years of relevant work experience, A bachelor's degree/equivalent of minimum three years duration with at least 60% marks (50% for SC/ST candidates) after completing higher secondary education (10+2) or equivalent, and followed by post-graduation (MBA/Master's degree in any discipline) from a university or a center of higher learning in India / abroad with at least 55% marks (50% for SC/ST candidates), An integrated master's degree of four / five years in any discipline, with at least 55% marks (50% for SC/ST candidates), obtained after completing higher secondary education (10+2) or equivalent, A professional qualification like CA, ICWA, or CS with at least 55% marks (50% for SC/ST candidates) However, in general, the FPM program at XLRI is considered to be quite competitive, with a rigorous selection process that includes an application, an interview, and a written test. To increase your chances of being accepted into the program, it is important to have a strong academic record, relevant work experience, and a clear research proposal.Read more
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Ques. How is the FPM program at IIM Rohtak? Did any student leave it after the first year itself?

● Top Answer By Harshita Singhania on 31 Jul 21

Ans. My cousin recently joined the institute and has seen students frequently vacate the FPM program of IIM Rohtak. There can be several reasons for this. However, it is somewhat unlikely and vague as well. Especially, when considering the issues concerning the director, as is known by the students. Nobody can vouch for the scenario taking place at the institute. Thus, it is always the right choice to analyze what you are going for. It is suggested to stay updated with any information at all.Read more
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Ques. Can you become a professor in IIMs or IITs after FPM from new IIMs, like Rohtak or Raipur?

● Top Answer By Biplab Roy on 21 Jan 23

Ans. Becoming a professor from the new IIMs is definitely possible but rare. The FPM program offered at the new IIMs has varied peers some being freshers while some with Masters from foreign universities. The following things matter when selecting an Assistant Professor in a new IIM Your experience  The quality of your papers The chances are rare because most of the new IIMs have professors who have done Ph.D. from older IIMs like IIM Ahmedabad, IIM Bangalore, and IIM Calcutta. Ph.D. is a program that totally depends on your performance and research. The initial years focus solely on research training and cannot be enough to make you eligible for faculty positions. So your chances are rare but not null.Read more
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Ques. How good is the placement scenario at iim kozhikode for fpm programme?

● Top Answer By Milind Padalkar on 14 Nov 22

Ans. The FPM or Fellow Program in Management at IIM Kozhikode does have its own placement program. This is because the batch size is very small.  But the FPM program in itself is such a meticulous one that all its students become scholars or researchers. The recent data confirms that most of its fellows have been placed in the top IIMs or other reputed Management Schools ranked high on NIRF. The only thing you need to be careful about is not delaying your thesis work and having good publications. If not you might face problems at the time of placements. The FPM degree has been renamed as the PhD and IIM Kozhikode provides excellent placements for the same.Read more
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M.Phil. (Management Studies) Colleges IN INDIA

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Babasaheb Bhimrao Ambedkar University - [BBAU]
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Babasaheb Bhimrao Ambedkar University - [BBAU]

Lucknow, Uttar Pradesh
M.Phil/Ph.D in Management(2 Yrs)8.6
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DY Patil University
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DY Patil University

Navi Mumbai, Maharashtra
M.Phil/Ph.D in Management(1 Yrs)8.1
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Bishop Heber College - [BHC]
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Bishop Heber College - [BHC]

Tiruchirappalli, Tamil Nadu
M.Phil/Ph.D in Management(1 Yrs)8.0
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Jamal Mohamed College - [JMC]
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Jamal Mohamed College - [JMC]

Tiruchirappalli, Tamil Nadu
M.Phil/Ph.D in Management(1 Yrs)7.6
₹ 17.2 K Total fees
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Dr. N.G.P. Arts and Science College - [DrNGPASC]
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Dr. N.G.P. Arts and Science College - [DrNGPASC]

Coimbatore, Tamil Nadu
M.Phil/Ph.D in Management(3 Yrs)7.3
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Dr. SNS Rajalakshmi College of Arts and Science
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Dr. SNS Rajalakshmi College of Arts and Science

Coimbatore, Tamil Nadu
M.Phil/Ph.D in Management(2 Yrs)6.9
₹ 36 K first year fees
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Jansons School of Business - [JSB]
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Jansons School of Business - [JSB]

Coimbatore, Tamil Nadu
M.Phil/Ph.D in Management(1 Yrs)6.7
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Osmania University - [OU]
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Osmania University - [OU]

Hyderabad, Telangana
M.Phil/Ph.D in Management(1 Yrs)6.6
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