MMS
Know latest & updated MMS (Master of Management Studies) syllabus branch wise along with weightage in exams.You'll get latest researched information on MMS (Master of Management Studies) syllabus
About
Master of Management Studies or MMS is a two-year post-graduate management programme, approved by the All India Council of Technical Education (AICTE)
It is basically, a management course same as MBA. In some of the universities the post-graduate management degree courses are named MBA whereas in some it is name MMS. In India, most of the Maharashtra universities offer MMS instead of MBA.
The MMS programme is designed to develop business management skills and provide relevant training to individuals planning to make a career in the field. A candidate can pursue MMS right after Graduation. Just like MBA, the MMS programme is open to students from all streams (Science, Humanities & Commerce) and is a gateway to the corporate world. The course is imparted semester-wise. Two years are divided into six semesters, which include theory classes, practical projects and internships. The first year of MMS programme consists of subjects and topics designed to understand the basic of business administration and business management. In the second year, the candidates are given the option to study a specialization mainly, Marketing, Sales, Human Resources, Operations and Finance.
Job roles available to MMS graduates is same as MBA graduates, namely Business Consultant, Marketing Manager, Finance Manager, Operations Manager, Sales Manager. The average starting salary of MMS graduate is INR 8.4 lakh per annum.
MMS Eligibility Criteria- The basic eligibility criteria for MMS is Graduation in any discipline or equivalent from a recognized university
- Most of the institutes follow the minimum score criteria in Graduation fixed by the AICTE which is 50 per cent or equivalent. For Reserved category students the minimum score in 45 per cent in aggregate
Given below are the skills required for a candidate who wishes to pursue MMS.
| Master of Management Studies: Required Skillset |
|
|---|---|
| Management skills |
Good communication skills |
| Problem-solving Skills |
Business acumen |
| Leadership qualities |
Research oriented |
| Analytical thinking |
Strong mathematical skills |
| Eye for detail |
Goal-oriented & ability to work under pressure |
Admission to MMS is done on the basis of entrance exam score, personal interview and group discussion. Aspirants have to first clear the relevant entrance exam and then apply for admission. The institute selects candidates for personal interview and group discussion on the basis of their minimum score criteria. Final admission offer is made to the candidates who clear the personal interview and group discussion round.
Given below is the list of top MBA/MMS exams scores of which are valid for admission to various B-Schools.
| MMS Entrance Exams |
|
|---|---|
| CAT |
XAT |
| CMAT |
MAT |
| MAH CET |
NMAT by GMAC |
Also Read: List of all MBA/MMS entrance exams
MMS Courses & SpecialisationsSome of the popular specialisations offered in MMS programme are listed below:
-
Human Resource Development
-
Marketing Management
-
Finance Management
-
Operations Management
-
Information Management
-
International Business
The MMS syllabus is more or less same as that of MBA. Those who opt for specialisation, are required to study topics related to that particular specialisation in the second year, followed by projects and internship. Listed below are some of the topics that are a part of MMS syllabus.
| MMS Course Syllabus |
|
|---|---|
| Perspective Management |
Effective and Management Communication |
| Financial Accounting |
Business Ethics |
| Business Statistics |
E-commerce |
| Operations Management |
Organisational Behaviour |
| Managerial Economics |
Introduction to Creativity and Innovation Management |
| Marketing Management |
Foreign language (Other than English) |
| Financial Management |
Negotiation and Selling Skills |
| Operations Research |
IT Skills for Management and Technology Platform |
| Human Resource Management |
Information Technology for Management |
| Business Research Methods |
Personal Grooming/Personal Effectiveness |
| Marketing Management |
Corporate Social Responsibility |
| Financial Management |
Analysis of Financial Management |
| Legal & Tax Aspects of Business |
Entrepreneurship Management |
| Cost & Management Accounting |
Management Information Systems |
| Business Environment |
Developing Teams & Effective Leadership |
| Ethos in Indian Management |
Intellectual Capital and Patenting |
Given below is the list of 10 popular MMS colleges in India and their corresponding course fee.
| Institute Name |
Fees (approx.) |
|---|---|
| KJ Somaiya Institute of Management |
INR 3.32 lakh |
| Bharati Vidyapeeth Deemed University |
INR 1.92 lakh |
| SIMSREE, Mumbai |
INR 69,000 |
| JBIMS, Mumbai |
INR 6.00 lakh |
| Chetana’s RK Institute of Management and Research, Mumbai |
INR 1.67 lakh |
| N L Dalmia Institute of Management Studies & Research, Mumbai |
INR 1.60 lakh |
| Department of Management Sciences University of Pune (PUMBA) |
INR 1.36 lakh |
| IES Management College And Research Centre (IES MCRC) Mumbai |
INR 1.60 lakh |
| Vivekanand Business School (VBS) |
INR 3.77 lakh |
| Durga Devi Saraf Institute of Management Studies (DSIMS) Mumbai |
INR 3.50 lakh |
Also Read: Colleges Offering MMS Course in India
MMS Career Scope: Jobs & SalaryAfter completing MMS programme, the candidate can get various managerial level and consulting jobs in almost all domain and industries. Given below are the list of some popular MMS jobs and their average salary in India.
| Job Profile |
Average salary offered |
|---|---|
| Management Consultant |
INR 11 lakh per annum and upwards |
| Business Consultant |
INR 10 lakh per annum and upwards |
| Project Manager |
INR 15 lakh per annum and upwards |
| HR Manager |
INR 7 lakh per annum and upwards |
| Marketing Manager |
INR 7 lakh per annum and upwards |
| Sales Manager |
INR 6 lakh per annum and upwards |
| Finance Manager |
INR 10 lakh per annum and upwards |
*The salary data has been obtained from Payscale.com
MMS Programme: Top Companies and RecruitersListed below are some of the companies which hire MMS graduates for various job profiles.
| Top Recruiters for MMS Graduates |
||
|---|---|---|
| 1. A.C. Neilsen |
2. Bharti Airtel |
3. Hero MotorCorp |
| 4. ING Vyasa Bank |
5. Bloomberg |
6. Hewltett-Packard |
| 7. ING Vyasa Mutual Fund |
8. BNP Paribas |
9. Standard Chartered Bank |
| 10. Ingersoll Rand |
11. Bombay Stock Exchange |
12. State Bank of India |
| 13. Intel Corp |
14. Bosch |
15. Sun Pharma |
| 16. IOCL |
17. Boston Consulting Group |
18. Tata Capital |
| 19. ITC |
20. Philips India Ltd. |
21. Tata Consultancy Services |
| 22. Jaipur Rugs |
23. Pidilite Industries Ltd. |
24. Tata Infotech |
| 25. Janssen Pharmaceuticals |
26. Piramal Enterprise |
27. Tata Motors |
| 28. Acme Consulting |
29. Polaris Software |
30. Tata Strategic Management Group |
| 31. Aditya Birla Group |
32. DuPont |
33. Tata Teleservices |
| 34. Aircel |
35. Edelweiss Capital |
36. Tech Mahindra |
| 37. Amazon |
38. Electrolux Kelvinator |
39. \Videocon |
| 40. American Express Bank |
41. Ernst & Young |
42. Vodafone |
| 43. Amul |
44. Essar |
45. Voltas |
| 46. Aranca |
47. EXIM Bank |
48. Wellspun |
| 49. Asian Paints India Ltd. |
50. EXL Capital Services |
51. Wipro Ltd. |
| 52. ASK Raymond James |
53. Fabre Castell India Pvt Ltd. |
54. Wockhardt Ltd |
| 55. Axis Bank |
56. First Gulf Bank |
57. Yes Bank |
| 58. Bajaj Auto |
59. Flipkart |
60. Zycus |
| 61. Bank of America Merrill Lynch |
62. HCL Infosystems |
63. India Forex |
| 64. Bank of Baroda |
65. HCL Technologies |
66. India Infoline |
| 67. Bank of India |
68. HDFC |
69. Indiabulls |
| 70. Barclays Capital |
71. HDFC Bank |
72. Infosys |
| 73. Barista |
74. Heinz India Ltd |
75. Reliance Power |
| 76. Benett Coleman & Co. |
77. Henkel Spic India Ltd |
78. Religare |
Q: What is the difference between MMS, MBA and PGDM?
A: Each of these programmes deals with management and business administration concepts. While the nomenclature varies from programme to programme, the core subjects and curriculum remains the same. The major difference between these programmes is that while MMS and MBA are degree programs, PGDM or Post Graduate Diploma in Management is a diploma program. The MMS and MBA programs are offered by universities and are affiliated by the University Grants Commission (UGC). On the other hand, PGDM is offered by private or autonomous institutes, which are generally affiliated by the All India Centre for Technical Education (AICTE).Q: Is Maharashtra the only state, which offers MMS?
A: MMS is predominantly offered in the state of Maharashtra. The B-schools affiliated to the University of Maharashtra, or those enlisted under the Directorate of Technical Education (DTE) Maharashtra offer MMS. However, there are a few institutes across other states, which offer MMS or Masters in Management. The Department of Management Studies, Indian Institute of Science (DoMS, IISc), Bangalore offer Masters in Management.Q: Which are the top B-schools offering MMS?
A: The top B-schools offering MMS are located in Maharashtra include Jamnalal Bajaj Institute of Management Studies (JBIMS) Mumbai, Sydenham Institute of Management Studies and Research and Entrepreneurship (SIMSREE) Mumbai, KJ Somaiya Institute of Management Studies and Research (KJSIMSR) Mumbai, NL Dalmia Institute of Management Studies and Research Mumbai, SIES College of Management Studies Navi Mumbai to name a few.Q: Are specialised MMS programs offered in India?
A: Yes, several MBA colleges in India offer specialised MMS programs. The top areas of specialisations include Finance, Human Resources, Sales and Marketing, Operations, Business Analytics, Healthcare, Information Technology and Systems among others.Q: What is the fee structure of MMS?
A: The fee structure of MMS is much lower as compared to the PGP or PGDM programs. The tuition fee of the major B-schools offering MMS program range from INR 2 lakh to INR 6 lakh. The fee amount may vary from institute to institute but the range of fee is likely to be around INR 10 lakh.Q: What is the level of rigour in the MMS program?
A: A management program, irrespective of its name, is rigorous and demanding in nature. As they say, there is no shortcut to success. Moreover, pursuing MMS from a top institute like JBIMS or SIMSREE is not a cakewalk. The curriculum focuses equally on enhancing the management concepts theoretically but also through practical aspects as well. Hence, the rigour required is no less as compared to MBA or PGDM.Q: Does the MMS curriculum include internships and industry exposure?
A: Yes, the MMS curriculum is designed in such a way that the students get the opportunity for a summer internship, industry visits, guest lectures, alumni meetings etc. which build a strong professional base even before they start their careers as management graduates.Q: Do B-schools offering MMS provide incubation centres for budding entrepreneurs?
A: Yes, many B-schools, including JBIMS and SIMSREE have incubation centre at the campus which guides the budding entrepreneurs in not just ideating, but giving shape to the idea along with other nitty-gritties such as funding, approaching investors, etc. The B-schools organise several fests and competitions for the budding entrepreneurs as well.Q: What are the opportunities after completing MMS?
A: There are a plethora of opportunities after completing the MMS program. The most common and popular option is to participate in the placement process and join one of the top league companies in functions/roles such as Manager or Senior Executive in Finance, Operations, HR, Sales and Marketing, or become a Management Consultant. Students who aspire to be an entrepreneur can work towards building their start-ups or ventures. Those who belong to business families can join their family business and bring forth fresh ideas and strategies to ensure a consistent growth curve. Those with an academic bent of mind can pursue a career in research or teaching.Q: Can I pursue a PhD after completing MMS?
A: Yes, an MMS student can pursue a PhD after the course completion. As per the eligibility criterion, PhD aspirants need to have a Master's degree. Since MMS is a degree program, students would be qualified to opt for a PhD.Q: What is the value of an MMS vis-a-vis MBA and PGDM in the industry?
A: The industry perceives the value of MMS to be equivalent to an MBA or a PGDM. As stated above, the course curriculum is on similar lines as that of the MBA and PGDM and the students get ample industry exposure along with approximately three-month summer internship. Moreover, if s/he is armed with an MMS degree from reputed institutes like JBIMS or SIMSREE, then its value is considered equivalent as that of a PGP from IIMs or MBA from FMS, Delhi or IIFT or a PGDM from XLRI Jamshedpur or MDI Gurgaon.| Course Level | Degree |
| Course Type | entry |
| Course Entry Level | PG |
| Duration | 2 years |
| Total Seats | 0 |
| Min Fees | 45900 |
| Max Fees | 45900 |
| Paid Course | Not Available |
