Masters of Management Studies (MMS) Course


Masters of Management Studies (MMS) | Course Details

Masters of Management Studies is a two- year full-time postgraduate course pursued after Bachelor of Management Studies (BMS). As the name implies, MMS course focuses on the domain of management studies. Basically, it is a management education program. Master of Management Studies program provides a deep insight into the core of management and in specialized subjects. Specializations are generally offered in areas of finance, marketing, human resources, operations etc.

The program is much comparable to other professional management courses like Masters of Business Administration (MBA) or Post Graduate Diploma in Management (PGDM). MMS comprises of four semesters over a period of two years. The first year consists of 2 semesters which is designed for understanding the basic principles of business and the second year emphasizes on the core as well as special subjects such as human resources, accounting, business law, organizational behaviour and marketing.

The professional course helps the candidate to gain adequate skills in supervision and control the business activities and to handle employees at the same time. MMS course acts as a platform to increase the knowledge of the applicant and to acquire entrepreneurial skills. On completion of this course, candidates are offered lucrative job opportunities with plentiful remuneration.

Why Choose Master in Management Studies?

Masters in Management studies is an internationally oriented course and consequently caters to an international audience. This course helps learners to develop plenty of leadership and managerial skills and include vital internship opportunities which provide practical experience in management.

In addition to the in-depth theoretical knowledge, candidates are offered with a wide range of interesting electives such as the psychology of money, e-commerce, business ethics and so on.  

The field of management requires an assorted amount of knowledge related to several subjects. This course addresses the need by including classes on a diverse set of topics, including:

➤ Project Management

➤ IT Management

➤ Human Resource Management

➤ Innovation management

Eligibility Criteria:-

Applicants should have passed Bachelor’s with minimum of 45% of aggregate marks from a recognized college to apply for the admission. Some universities/colleges conduct entrance test on there own so it is compulsory for the applicants to clear that exam for getting admission in MMS course.

Admission Procedure:-

Admission to Master of Management Studies depends upon the merit-based selection process. Several colleges and institutes make use of relevant entrance examination to select deserving scholars. Candidates after qualifying the entrance exam have to attend group discussions around an interview as part of the selection process.

Following are few entrance tests that are conducted by Master of Management Studies colleges in India:

➤ Maharashtra Common Entrance Test (MHCET) for MBA/MMS/PGDBM/PGDBA

➤ Andhra Pradesh Integrated Common Entrance Test (APICET)

➤ Common Aptitude Test (CAT)

➤ AIMS Test for Management Admissions ATMA

➤ Rajasthan Management Aptitude Test Exam (RMAT)

➤ Graduate Management Aptitude Test (GMAT)

➤ Management Aptitude Test (MAT)

Syllabus and Subjects for Masters of Management Studies:-

MMS is a 2-year post graduate course which is divided into 4 semesters. A semester-wise separate syllabus is given below.

Year 1: Semester I

➤ Operations Management

➤ Business Mathematics

➤ Marketing Management

➤ Managerial Economics

➤ Perspective Management

➤ Organization Behaviour

➤ Financial Accounting

➤ Communication Skills

➤ Management Information System

➤ Electives: Negotiation Skills, Indian Ethics Management

Year 1: Semester II

➤ Cost and Management Accounting

➤ Marketing Management

➤ Operations Research

➤ Financial Management

➤ Human Resource Management

➤ Legal Aspects of Business & Taxation

➤ Business Research Methods

➤ Analysis of Financial Statements

➤ Entrepreneurship Management

➤ Electives: Rural Marketing, Event Management, International Finance, Supply Chain Risk & Performance Management, Software Quality Assurance & Marketing

Summer Training:-

Aspirants have to undergo a 2 months compulsory internship training program after the end of the first year to get an experience of the corporate world.

Year 2: Semester III

Core Papers-

➤ International Business

➤ Strategic Management

Marketing-

➤ Sales Management

➤ Marketing Strategy

➤ Service Marketing

➤ Product and Brand Management

➤ Marketing Analysis

➤ Consumer Behaviour

Human Resources-

➤ HR Planning and Application of Technology in HR

➤ Labour laws and Implications on Industrial Relations

➤ Competent Based HRM and Performance Management

➤ Training and Development

➤ HR Analytics

➤Compensation and Benefits

Finance-

➤ Financial Markets and Institutions

➤ Financial Regulations

➤ Corporate Valuation & Mergers and Acquisitions

➤ Securities and Portfolio Management

➤ Derivatives and Risk Management

➤ Financial Modelling

Operations-

➤ Operations Analytics

➤ Supply Chain Management

➤ Manufacturing Resource Planning and Control

➤ Materials Management

➤ Service Operations Management

➤Strategic Operations Management

Systems (Information Technology)

➤ Software Engineering

➤ Network and Communication

➤ Enterprise Applications

➤ Database Management Systems

➤ Technology Platforms

➤ Electives: Marketing Research & Analytics, Product & Brand Management, Corporate Valuation, Security Analysis &Portfolio Management, Labour legislation, Quantitative Methods In Operations, Managing Technology Business, E-Commerce

Year 2: Semester IV

Focus

➤ Project Management

➤ Final Project

Marketing (anyone)

➤ Integrated Marketing Communications

➤ Business to Business Marketing

➤ International Marketing

➤ Trends in Marketing

HR (anyone)

➤ OD and Change Management

➤ Strategic HRM

➤ Management of Corporate Social Responsibility in organizations

Finance (anyone)

➤Commercial Banking

➤Business Analytics

➤Venture Capital and Private Equity

Operations (anyone)

➤Operations Applications and Cases

➤Strategic Sourcing in Supply Management

➤Operations Outsourcing & Offshoring

Systems (anyone)

➤ IT Consulting

➤ Information System Security and Audit

➤ Cyber Laws & Managing Enterprise IT Risk

Top Colleges for Pursuing Masters of Management Studies

College Name

City

Annual Fees (Approx)

Indian Institute of Management

Gujarat

INR 5,90,000

Indian Institute of Management

Bangalore

INR 7,00,000

ITM Business School Kharghar

Mumbai

INR 4,60,000

Indian Institute of Management

West Bengal

INR 5,30,000

Symbiosis International University

Pune

INR 2,80,000

Indian School of Business

Telangana

INR 15,000

School of Inspired Leadership

Haryana

INR 2,90,000

Indian Institute of Management

Lucknow

INR 5,00,000

Amrita Vishwa Vidyapeetham

Coimbatore

INR 4,11,000

University of Delhi

Delhi

INR 10,00,000

Indian Institute of Management

Kerala

INR 9,50,000


Career Prospects:-

Master of Management Studies program offers ample career opportunity both in India as well as in abroad countries. Management Studies is a broad discipline covering areas, such as HR, Marketing, Finance, etc. It also offers various job opportunities to eligible aspirants in banks, business organizations, corporate houses, financial, educational institutes and retailing services, etc. Candidates can also work in the sector of academics and can be the entrepreneur of their own corporate houses.

Job Sectors/Placement Areas for Master in Management Studies:-

➤ Banks

➤ Business Consultancies

➤ Brand & Marketing

➤ Non-profit Organizations

➤ Personal Business

➤ Educational Institutes

➤ Export Companies

➤ Financial Organizations

➤ Industrial Houses

➤ Multinational Companies

Job Types for Master in Management Studies:-

➤ Account Manager

➤ Brand Manager

➤ Card Payments Operations Head

➤ Equity Research Analyst

➤ HR Generalist Business Partner

➤ Management Consultant

➤Marketing Manager

➤ IT Services Marketing Head

➤ Project Managers

➤ Recruitment Manager

Top Recruiting Companies:-

➤ Wipro

➤ Tata Consultancy Service (TCS)

➤ Hindustan Computers Limited (HCL)

➤ Microsoft Corporation

➤ Accenture

➤ Genpact

➤ ICICI Bank

➤ Cognizant

➤ Dell

➤ Tech Mahindra

Salary Package-

The salary package for MMS graduates may vary according to the individual’s performance and designation in the job.

For fresh candidates, the salary package may fall within Rs. 10.5 Lakh per annum (approx) in top-notch companies.

By gaining an experience of minimum 5-years, an experienced management professional can earn up to Rs. 18 Lakh per annum (approx).

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Date: 17 Jan 2019

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