All About The Master In Management Studies Program

The Master in Management Studies (MMS) programme is a 2-year postgraduate programme for individuals who want to advance their careers in the management industry. It has a total of 4 semesters. The course outline teaches students about a variety of management topics, including financial accounting, business ethics and statistics, operations management, etc.

Candidates who want to pursue a master's degree in management studies must have earned a minimum cumulative grade point average of 50% in any subject, preferably management. Aspirants must also pass entrance tests held at the national or state level, such as the CAT, MAT, SNAP, etc., in order to get admitted to some of the best colleges.

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Both regular and distance education are options for pursuing a master's in management studies. The course can be taken online, in regular classes, or through distance learning. There are a select few colleges that offer the master's in management studies programme through distance education learning, but the majority of colleges and universities only offer the course in full-time format. Depending on what is most comfortable for them, pupils can choose any learning method.

MMS Course Outline

  • The master in management studies (MMS) is a two-year postgraduate programme that has four semesters.
  • The course offers students the chance to learn more about the management field. Compared to MBA students, their approach to business education is more theoretical.
  • MMS guides offer specialised in business aspects you may be interested in, such as marketing, consulting, and finance.
  • Students who pursue a master's degree in management studies gain a thorough understanding of the subject. The course's scope is also so broad that graduates can easily pursue a successful career in this area.
  • Recruiters have an excessive need for graduates in this profession. It gives them the chance to go study or work overseas.
  • The cost of the degree varies from college to college; if taken at a high-quality private college, it may cost up to INR 10,00,000 per year, with the average course fee being around INR 50,000.

You may also like: Top MBA colleges in India

Why pursue a master's degree in management studies?

  • Given faculty and industry exposure in a curriculum, MMS course is a terrific networking opportunity.
  • You can specialise at a lower cost because MMS courses are often less expensive than MBA courses. While an MBA course can cost you up to INR 16,00,000 per year, it costs between INR 50,000 to INR 10,00,000.
  • Top business schools and agencies have international partnerships, so graduates can expect high-profile employment not only in India but also abroad.
  • Account Manager, Business Manager, Brand Manager, and many other distinct profiles are available with a master's in management studies.
  • The master's degree in management studies aids students in developing a thorough understanding of business statistics and project management.
  • Candidates will find better employment after completing the course, including a better management position and a greater compensation package.

Master's in Management Studies & Its Significance

A master's degree in management studies is unquestionably a rewarding option in terms of pay and employment prospects. The individuals who take the course have excellent job prospects. Graduates can find well-known and prominent professions in a variety of industries, including banks, commercial enterprise consultancies, and brand and marketing, NGOs, educational institutions, export groups, monetary agencies, business houses, and MNCs.

According to their interests, abilities, and expertise, master's degree holders in management studies can choose from a variety of top career profiles, such as financial analysts, brand managers, project managers, and many others. After earning a master's degree in management studies, the average annual pay ranges from INR 3,000 to INR 10,00,000.

Job profile:

Financial Analysts: They are in charge of forecasting the company's future performance and assessing financial statements. This may involve making future revenue and expense projections, budgeting, and modelling the capital structure. The financial plan of a corporation is frequently monitored by financial analysts.

Brand Manager: A brand manager is a specialist who is in charge of making sure that a company's goods, services, and product lines are appealing to present or potential clients. In order to stay one step ahead of the competition, they also follow market trends and keep an eye on rival businesses.

Project Manager: The project idea needs to be planned and developed by a project manager. They must organise and manage the team, keep track of the project's development, set deadlines, handle unforeseen problems, handle finances, guarantee stakeholder satisfaction, and assess the performance of the project, including that of their team members.

Business Development Manager: A Business Development Manager is a professional who is responsible for the growth of their department. They work with their sales team to develop mutually beneficial proposals, negotiate contract terms and communicate effectively with stakeholders.

Future Scope After MMS

A master's degree in management studies opens the door to a wide range of well-paying and prestigious career prospects, both in India and abroad because the field of management has such a broad scope. Numerous high-profile positions for students are available in prestigious national and international businesses (MNCs).
Graduates of master's programmes in management studies have a bright future because there is a growing demand for professionals during the past few decades. Candidates may choose to pursue additional education in the same sector in addition to choosing a profitable career in order to advance their knowledge and abilities.

  • ·        If students wish to get both academic and practical expertise, they should pursue an MBA after completing an MMS.
  • ·        An MBA can increase their earnings because MBA graduates earn more money than MMS graduates do.
  • ·        Following the completion of their master's, MMS graduates may pursue a PhD.

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