MMS, an abbreviation used for Master of Management Studies is a two year professional course in Management. The course is offered in 4 successive semesters. The course provides an insight in to the core as well as specialized subjects in management. Specializations are usually offered in areas of finance, marketing, operations, human resources and systems. The course is much similar to other professional management courses like MBA or PGDM. The course study offers adequate knowledge and practical skills in candidate to plan and optimize resources for maximum productivity.

Advantages or Benefits of Master of Management Studies Course

The professional course study helps candidate to gain adequate skills in supervision and control of business activities and to plan and handle employees at the same time. The same acts as a platform to increase the knowledge base of the candidate and to acquire entrepreneurial skills. The course study acts as base work for one to have doctoral level courses in Management. Further the candidate can obtain a lucrative career in their interested domain of specialization.

Eligibility required for Master of Management Studies Course

Those who have completed their graduation from any of the recognized institution are eligible to undergo the course. The graduation must be obtained in any discipline with at least 50% marks. The candidates who pursue their final year graduation are also eligible. The candidate has to pass through certain common entrance exams to get eligible for the course. MHCET is the most common entrance exam for MMS course, since most of the institutions are located in Maharashtra. There is no entrance test in institutions like BITS-Pilani where the course is offered as an integrated one immediately after 12th class studies. Those who pass the entrance exam have to attend group discussions or interview as part of the selection process.

Application Procedure of Master of Management Studies Course

Those who have relevant score in common entrance exam can apply to any of the Colleges offering the course. The shortlisted candidates are called for further admission process. Those who get through the final level selection process can expect admission to the course.

How to fill application form of Master of Management Studies Course?

The application form can be obtained from the official site of the concerned authority that carries out the entrance exam. The candidate has to pay a specific amount of fee for collecting the form. Once the application form is obtained, it must be filled correctly by following the guidelines given in the information booklet. Filled in application form must be submitted (along with relevant documents) to the end before final date.

Common Entrance Exams for Master of Management Studies Course

• Maharashtra Common Entrance Test (MHCET) for MBA/MMS/PGDBM/PGDBA
• Andhra Pradesh Integrated Common Entrance Test
• 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)
• Colleges offering Master of Management Studies Course
• Alamuri Ratnamala Institute of Engineering and Technology
• Atharva Institute of Management Studies
• Audyogik Shikshan Mandal Institute of Management and Computer Studies
• B.V. Institute of Management Studies and Research
• Bharati Vidyapeeth University
• Birla Institute of Technology & Science
• Chetanas Ramprasad Khandelwal Institute of Management & Research
• Dilkap Research Center & Institute of Management Studies
• Dr.V.N.Bedekar Institute of Management Studies
• Durgadevi Saraf Institute of Management Studies
• Fr. Conceicao Rodrigues Institute of Management Studies
• Gurunanak Institute of Management Studies
• Humera Khan Institute of Management Studies
• I.E.S. Management College & Research Centre
• ICFAI Foundation for Higher Education (IFHE)
• Institute of Management & Computer Studies
• Institute of Management Studies & Research
• Institute of Management Studies & Research (M.G.M.I.M.S.R)
• Jamnalal Bajaj Institute of Management Studies
• Jankidevi Bajaj Institute of Management Studies
• K.J. Somaiya Institute of Management Studies and Research
• Kohinoor Business School
• Lala Lajpatrai Institute of Management
• MET Institute of Management
• N.C.R.D. Sterling Institute of Management Studies
• N.L. Dalmia Institute of Management Studies and Research
• North Maharashtra University
• Pillai’s Institute of Management Studies and Research
• Prin. D.B. Gadhave Institute of Management
• S.I.E.S. College of Management Studies
• Saket College of Management
• Shreemati Nathibai Damodar Thackersey Women University (Churchgate)
• Sinhgad Institute of Business Management
• St. Francis Institute of Management and Research
• St. John College of Engineering and Technology
• Sydenham Institute of Management Studies and Research and Entrepreneurship Education
• Thakur Institute of Management Studies and Research
• Thiagarajar College
• Rizvi Institute of Management Studies and Research
• Vasantdada Patil Pratishthan’s Institute of Management Studies
• Vishwakarma Sahajeevan Institute of Management
• VIVA Institute of Management Studies
• Welingkar Institute of Management Development and Research
• Xavier Institute of Management & Research (XIMR)
• Y.M.T. College of Management
• Yadavrao Tasgaonkar Institute of Management Studies and Research
• Yadavrao Tasgaonkar School of Business Management

Course Curriculum of Master of Management Studies Course

Semester I

• Perspective Management
• Financial Accounting
• Managerial Economics
• Operations Management
• Organizational Behavior
• Business Mathematics
• Information Technology for Management
• Communication Skills
• Marketing Management
• Electives (can select 2 electives from the list)
• Selling & Negotiation Skills
• High Performance Leadership
• Indian Ethos in Management
• Corporate Social Responsibility projects

Semester II

• Legal and Tax Aspects of Business
• Cost & Management Accounting Economic
• Environment of Business
• Operations Research
• Human Resources Management
• Research Methodology and Fundamentals of MR
• Management Information Systems
• Financial Management
• Marketing Applications and Practices
• Electives (can select 2 electives from the list)
• Decision Science
• Managerial Process Skills
• Analysis of Financial Statements
• Foreign Languages (German, French, Japanese)

Semester III –Marketing

• Marketing Strategy
• Integrated Market Communications
• Consumer Buying Behaviour
• Market Research Applications
• Sales Management & Sales Promotion
• Distribution & Supply Chain Management
• Product & Brand Management
• Marketing Finance
• Electives (can select 3 electives from the list)
• International Marketing
• Retail Management
• B2B Marketing & CRM
• Rural Marketing
• Marketing of Non-profit Organizations
• Quantitative Models in Marketing
• Marketing Audit

Semester III - Finance

• Advanced Financial Management
• Corporate Law
• Financial Markets and Institutions
• International Finance
• Mergers, Acquisitions & Corporate Restructuring
• Electives (can select 3 electives from the list)
• Portfolio Management and Security Analysis
• Strategic Cost Management
• Fiscal Policy and Corporate Tax Planning
• Banking & Insurance
• Derivatives & Risk Management
• Wealth Management
• Quantitative Models in Finance
• Corporate Valuation
• Marketing Finance
• Fixed Income

Semester III- Human Resources

• Organizational Theories and Structure Designs
• Training & Development
• Introduction to Industrial Relation & Labor Welfare
• Competency and Performance Management
• Human Resource Planning and Human Resource Audit
• Electives (can select 3 electives from the list)
• Labor Legislation
• Compensation & Benefits
• Organization Development
• Quantitative Techniques in HR
• Building a learning organization
• Stress Management

Semester III - Operations

• Operations Planning & Control
• Logistics and Supply Chain Management
• Materials Management
• Technology Management Including Manufacturing Strategy
• Business Process Re-engineering and Benchmarking
• Electives (can select 3 electives from the list)
• Quantitative Methods in Operations
• World class manufacturing practices
• Advanced Supply Chain Management
• Materials handling & Transportation
• New product development & Concurrent engineering
• Industrial engineering applications & Management

Semester III - Information Technology

• Software Engineering
• Technology Platforms
• Enterprise Applications
• Networking and Communications
• Database Management Systems
• Electives (can select 3 electives from the list)
• Managing Technology Business
• IT Governance & complications
• E-Commerce
• IT Quality Management
• Information Security & Audit
• Software Architecture
• Semester IV (Common for all Specializations)
• Management Control System
• Business Ethics and Corporate Governance
• Entrepreneurship Management
• Services Management
• Environment Management
• Productivity Techniques OR
• Total Quality Management OR
• Project Management
• Specialization Project

MMS Course Evaluation

The course is evaluated on the basis of the following.

• Assignments
• Projects
• Internal Assessment
• University Examination

Text Books on Master of Management Studies Course

• Accounting and Finance by Nitin Balwani, EB
• Business Communication by Parag Diwan
• Business Communication today by Bovee, Thill and Schatzman,
• Business Environment by Saleem, Pearson
• Business Ethics: Concepts & Cases by Velasquez
• Business Statistics by JK Sharma, Pearson
• Essentials of Entrepreneurship & Small Business by Zimmerer & Scarborough
• Financial Accounting by R. Narayanaswamy, PHI
• Financial Management by Prasanna Chandra, TMH
• Industrial Marketing by Francis Cherunilam , HPH
• Introduction to Information Technology, Pearson
• Introduction to Marketing by Adrian Palmer, Oxford
• Management Information systems by Ashok Arora and Akshya Bhatia, EB
• Managerial Economics by Dominick Salvatore, Thomson
• Operations Management by William Stevenson, TMH
• Operations Research by JK Sharma, McMillan
• Organizational Behaviour by Uday Pareekh, Oxford
• Production and Operations Management, Biztantra
• Research Methodology by Dipak Kumar Bhattacharyya, EB
• Services Marketing — Text and cases by Rajendra Nargundkar

Job and Career Opportunities after Master of Management Studies

The MMS course offers innumerable career openings both in India as well as abroad. The same offer managerial and executive level jobs in top MNC and other reputed organizations. They can also work in the area of academics or can be the entrepreneur of their own corporate houses. The major employment houses and the job profiles after MMS course are mentioned here.

• Employment Areas
• Banks
• Business Consultancies
• Brand & Marketing
• Non-profit Organizations
• Personal Business
• Educational Institutes
• Export Companies
• Financial Organizations
• Industrial Houses
• Multinational Companies

Job Types

• 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

Remuneration after Master of Management Studies

The salary packages of MMS graduates may vary according to the individual’s performance and designation in the job. For fresh candidates the salary package may fall with in Rs. 10.5 lakh per annum in top level companies. The salary package for MMS graduate (fresher) in marketing and systems may fall with in Rs.8-10 per annum. By gaining a minimum of 5 year experience, an experienced management professional can earn up to Rs. 18 lakh per annum.