MMS is a two-year PG degree that offers advanced general management knowledge. Anyone with a UG degree in management or another discipline can study it. The course aims to give the students managerial and leadership abilities.

The institutes in Maharashtra are currently offering this programme, which is relatively new in India. The results obtained on the entrance exam are used to determine admission. 

The institutes consider the results of aptitude examinations like the CAT, XAT, CMAT, MAT, ATMA, etc. The most popular exam taken into account by the Institute of Maharashtra is MHT-CET.

The institutes that provide the training charge annual tuition of between 50,000 and 5,00,000 Indian rupees on average. IIT Bombay, KJ SIM, TIMSR Mumbai, and other institutions are just a few that provide MMS courses.

The course covers human research management, financial accounting, operations management, managerial economics, marketing management, and business research methods. Finance, Marketing, Human Resources, Information Systems, and Operations are the five specialisations available for the course.

Despite being a distinct field of study, the MMS course is occasionally mistaken for the MBA. It is intended for recent graduates who want to learn more about management studies or change their field to management studies.

After completing the MMS program, applicants can obtain employment with MNCs, banks, business consulting businesses, marketing and advertising agencies, NGOs, educational institutions, and export firms. The program includes management trainee roles, financial service analysts, sales executives, and other entry-level management positions.

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Why study MMS in Top colleges in India?

Some reasons for students to study MMS in India are as follows:

• A career in management is now more accessible thanks to the MMS degree, which is more focused on building on the foundation built by an MBA.
• Given that the course has given rise to additional job profiles and greater demand for management students, it provides a wide range of professional opportunities.
• It provides a starting point for a management career without requiring years of experience.
• Even when taking the course from a B-School with a similar prestige level, the MMS tuition is roughly half that of the MBA.
• Since so many students favour management studies over other postgraduate degrees, India is the global centre for management studies. For management studies, a lot of international students travel to India. Due to the advanced training students acquire with an MMS degree, employers actively seek out these candidates. Additionally, MMS graduates are hired for some of the nation's most prominent and highly-paid positions. AICTE oversees MMS degree programs.

List of Top MMS Colleges in India

The top colleges and universities in India offering master's degrees in management studies are listed in the table below:

Top MMS Colleges in India: Program and Course Duration

The following table is a list of some of the best universities and colleges in India that provide a master's degree in management studies with program and course details:

Top MMS Colleges in India: Tuition Fees

The following table is a list of some of the best universities and colleges in India that provide a master's degree in management studies with tuition fees details:

Top MMS Colleges in India: Admission Process

• Since MMS courses are primarily offered there, the Directorate of Technical Education (DTE), Government of Maharashtra, has set strict regulations.
• Aptitude examinations like the MHT-CET, CAT, CMAT, XAT, and others, as well as the DTE's CAP round, followed by a group discussion and an individual interview, are used to determine admission to the MMS program.
• Candidates who have passed the cut-off in one of the tests mentioned above can apply online and offline to the institutes for the MMS program.
• Candidates can visit the institute's website for the MMS program once the admissions window opens.
• They must fill out the online application form, register, and upload their scores from aptitude tests.
• Various exams will be administered between November 2022 and February 2023. The XAT registration process is still ongoing. Registration for the CMAT and MAT will begin in November.
• The candidates must pay the application fees after they have completed the application.
• The aptitude test results and the CAP round will be utilised to assess the candidates.
• When the merit list is made public, the shortlisted students will be approached for a group discussion and an individual interview.
• The chosen students will receive an offer letter from the university.
• As soon as the candidate accepts the offer letter and pays the entrance fees, they officially enrol in the course.

Top MMS Colleges in India: Admission Requirements

Eligibility Criteria

Applicants who wish to take part in the MMS program must fulfil the following requirements:

• Candidates for a master's degree in management must have completed their 10+2 at a recognized institution.
• Candidates must have obtained a minimum of 55% overall in their bachelor's degree to be eligible for the course.
• Candidates must hold a bachelor's degree in any field from an institution that has been authorised.
• Applicants in the reserved categories (ST/SC) have a 5% waiver in the required minimum overall score.
• Candidates must also pass a national, state, or university entrance exam.

MMS course in India: Entrance Examinations

The following are the entrance examinations required to clear to pursue an MMS degree in top Universities in India:

• MHT CET
• XAT
• CAT
• CMAT
• MAT
• ATMA

Top MMS Colleges in India: Career and Job Scope

The candidates have two options after completing the MMS course: they can either hunt for employment or pursue further education. 

Since MMS graduates can be hired for entry-level management positions at cheap salaries and have nearly identical knowledge to MBA graduates, there is a high demand for them. For MMS graduates, several roles are available in Fortune 500 firms, start-ups, and small businesses. 

Because it is a broad subject, graduates can find employment in various industries, including technology, finance, consulting, banking, etc. Despite having a lower degree than MBA, MMS is a postgraduate program that can still be beneficial after about five years of work experience. A candidate who wants to pursue a career in research or as a professor can enrol in doctoral programs after completing a postgraduate program.

The MMS graduates can find employment in MNCs, banks, business consulting firms, marketing and advertising agencies, NGOs, educational institutions, export businesses, and financial institutions.

Without any prior experience, MMS graduates can quickly find entry-level positions. Compared to the unique employment roles only open to MBS graduates, these jobs are more prevalent.

MMS graduates are not chosen for roles in higher levels of an organisation. However, there is a significant need for MMS graduates in emerging industries for many additional managerial positions.

They can begin their careers as management trainees, financial services analysts, etc. After five to ten years of work experience, they can advance to management positions in business development, marketing, analytics, etc.

An MMS graduate might anticipate a yearly salary of between INR 4 and 8 lahks. They can expect to make about INR 15 lakh after five years of experience and INR 30 lakh after nine to nineteen years.

Job Positions

The table below lists some of the job prospects after MMS, along with their average annual salaries.

Top Recruiters

Public or private organisations hire students who complete the course. Below are some of the top recruiters of MMS graduates in India:

• Amul
• Axis Bank
• Tata Consultancy Services
• Airtel
• HDFC
• American Express
• ITC
• Infosys
• Wipro
• Intel Corp
• Flipkart
• Vodafone, and so on.

In a nutshell, an MMS course gives you exposure to management and the basic skill set needed to become a management professional. Your application must stand out among the competitive population applying to management programs at the best business schools and colleges.