Management Development Programme is a 2-year course, the minimum eligibility is Graduation from any recognized college or its equivalent exam. Admission to Management Development Programme depends upon the candidate’s performance in a relevant entrance exam and a consequent round of counseling.
The average tuition fee charged for the course in India ranges between INR 10,000 to 40 lacs, for a span of 1 to 2 years.
The Management Development Program (MDP) is a quick paced and concentrated program devoted to the most recent methods and patterns in the core areas of management and finance. It has been created taking into consideration the new challenges of the corporate world, along with the continuous evolution of the media and the quickly expanding pace of business.
After finishing the Management Development Programme candidates can go for higher degree courses in related subjects for further research work. Candidates can have careers likewise as management analysts, often called management consultants; their work is to enhance an organization's efficiency. Candidates also advise managers on how to develop organizations growth and more profitable through decrease costs and increased revenues. Candidates can also become consultants who help by recognizing options with recommendations, providing additional resources and the implementation of solutions. Candidates can also work in the field of consulting firms, construction, financial institutions, information technology, hospitality, insurance, retail, manufacturing, transportation, and logistics.
Such candidates are hired in capacities such as Tourism Manager, Retailing Manager, Hotel & Catering Manager, Accountant, Public Relation Officer, Logistics, Sale-purchase Assist. Manager, Teacher & Professor, Publisher & Columnist, Executive Director & Head, Manager etc. A fresh candidate in this field can earn an average salary between INR 3 to 10 Lacs per annum depending upon the caliber and experience of the candidate.
Table of Content
- Management Development Programme: Course Highlights
- Management Development Programme: What is it all about?
- Management Development Programme: Admission Process
3.1 Eligibility
Management Development Programme: Course Highlights
Given below are some of the main highlights of the course:
| Course Level | Post Graduate Program |
| Duration of the Course | 1 to 2 Years |
| Examination Type | Semester and Annual |
| Eligibility | Graduation |
| Admission Process | Entrance Exam and Merit Based |
| Average Course Fee | INR 10,000 to 40 lacs |
| Average Starting Salary | INR 3 to 18 Lacs |
| Top Recruiting Companies | Infosys - Bangalore Lotophage - Bangalore SBS - Mumbai My Eco Energy Pvt. Ltd. - The Taj Group of Hotels, GAIL Ltd., Department of Posts, Government of India, North Delhi Power Ltd., Avenue Capital Group etc. |
| Top Job Areas | Colleges & Universities, Museums, Theme Parks, Zoos and Heritage Sites, Hostels and Holiday Parks etc. |
| Top Job Positions | Tourism Manager, Retailing Manager, Hotel & Catering Manager, Accountant, Public Relation Officer, Logistics, Sale-purchase Assist. Manager, Teacher & Professor, Publisher & Columnist, Executive Director & Head, Manager etc. |
Management Development Programme: What is it all about?
Management Development Programme is deliberately designed and organized to reflect the most significant needs of industry. The programme concentrates on modern developments and recent trends in managerial practices in a particular area. With more noteworthy accentuation on hierarchical improvement, the projects are designed to upgrade the managerial knowledge, abilities, skills, attitude, and aptitude of the executives.
This programmes would help the organization to enhance productivity and process efficiency, increase communications and group work, enhance human performance and spirit, hold the ability and assets, lessen the cost and squander, and suspect workforce and technology changes and remain competitive.
Management Development Programs is one of a kind learning suggestions to the members and go for outfitting them with the advancing administration ideas, practices, points of view and methodologies. They likewise endeavor to empower the taking part chiefs to build up a sound learning base, community-oriented examination and capacity to acknowledge changed perspectives of a dynamic companion gathering. The preparation teaching methods in these projects are appropriately adjusted to their particular needs and cultivate a more compelling cognizance through participative learning.
Candidate must have necessary skills such as visionary, strategic thinking, flexible or adaptable to change, team player, self-management and ethical or high personal standards. Candidates also able to allocate resources as indicated by needs can decide, follow up with them and acknowledge obligation regarding them. This is additionally a positive purpose of the applicants that they have enthusiastic development and the inner assets to adapt to dissatisfaction, frustration, and stress.
Management Development Programme: Admission Process
There are various universities/colleges in India and abroad, that are offering MDP degree programme to the students. The best part of the programme that the graduate in any discipline can get the admission in MDP programme.
Following are a few entrance tests that are conducted by some of the Management Development Programme colleges in India:
- Lal Bahadur Shastri Institute of Management Entrance Exam
- ICFAI Business School Entrance Exam
- Indian Institute of Management Entrance Exam
Management Development Programme: Eligibility
The minimum eligibility is bachelors degree obtained after completing higher secondary schooling (10+2) or equivalent from a recognized board or institution.
Management Development Programme: Top Institutes
Given below are some of the top institutes in India that offer the course:
| NAME OF INSTITUTE | CITY | AVERAGE ANNUAL FEES |
|---|---|---|
| Indian School of Business | Hyderabad | INR 30,40,000 |
| Jamanlal Bajaj Institute of Management Studies | Mumbai | INR 3,00,000 |
| ITM Business School | Mumbai | INR 4,65,000 |
| Indian School of Business | Mohali | INR 30,30,000 |
| IFM Business School | Bangalore | INR 5,50,000 |
| School of Inspired Leadership | Gurgaon | INR 4,49,000 |
| Indian Institute of Science Department of Management Studies | Bangalore | INR 35,000 |
| Amrita Vishwa Vidyapeetham | Coimbatore | INR 4,95,000 |
| EMPI Business School | Delhi | INR 7,40,000 |
| Galgotias University School of Business | Noida | INR 87,000 |
Management Development Programme: Syllabus and Course Description
A semester- wise breakup of the course’s syllabus is tabulated below.
| Semester I | Semester II |
|---|---|
| Marketing Management I | Accounting for Managers |
| Quantitative Methods | Business Communication |
| Financial Management I | Marketing Management II |
| Organizational Behaviour | Operations Management |
| Managerial Economics | Financial Management II |
| Information Systems for Managers | Human Resource Management |
| Semester III | Semester IV |
| Macroeconomics & Bus. Env. | Management Control Systems |
| Business Research Methods | Optional Free Elective I |
| Enterprise-wide Information Systems | Soft Skills Lab II |
| Legal Environment of Business | Business Strategy II |
| Soft Skills I | Business Ethics and Corp. Governance |
| Business Strategy I | - |
Management Development Programme: Career Prospects
The scope of the Management Development Programme course is expanding day by day. An MDP is one of the big job oriented professional programme and the most one which has been sought by the candidate. Once you have completed your degree, you have a great job opportunity in the industrial world.
Candidates may work as manager or executive in term of designation. The management term is most suited to the chiefs and that is the reason it is, where you can reach on the highest point of the stature as quickly as time permits by utilizing your authority and working capability.
A Management Development Programme professional always plays a vital role in his/her company and this is why he used to keep in touch with the board of directors. No need to specify the companies who recruit the MDP professionals. All sectors including government and public have various industries, companies, institutions or related organizations, come in the job prospective fields for an MDP professional.
| JOB POSITION | JOB DESCRIPTION | AVERAGE ANNUAL SALARY |
|---|---|---|
| Tourism Manager | Tourism officers are in charge of promoting and advertising tourism and devising tourist development initiatives or campaigns with the aim of generating and increasing revenue. | INR 3 to 5 Lacs |
| Retailing Manager | Retail managers are in charge of each aspect of the everyday supervision of retail shops, including staff, sales, stock and resources management. | INR 3 to 5 Lacs |
| Catering Manager | Catering managers are responsible to lead teams of chefs as well as catering assistants. They are in charge of running the everyday catering operations and services in hotels, restaurants, and resorts. | INR 4 to 6 Lacs |
| Public Relation Officer | They are responsible for planning publicity strategies as well as campaigns. They also responsible for writing as well as producing presentations and press releases. | INR 2 to 4 Lacs |
| Executive Director | The Executive Director is in charge of the successful leadership as well as management of the organization as per to the strategic direction set by the Board of Directors. | INR 10-12 Lacs |
Management Development Programme: FAQs
Ques. What is a management development Programme?
Ans. Management Development Programme is a course pursued by candidates who wants to improve their managerial and leadership skills so that they are able to motivate their employees in a better way and manage their team much more efficiently.
Ques. What can be the subject of management development program?
Ans. The subjects of the management development program can vary slightly from one institute to another. However, the overall syllabus of the Management Development Programs includes the following subjects such as Marketing Management, Quantitative Methods, Operations Management, Information Systems for Managers, etc
Ques. What is MDP training?
Ans. MDP or Management Development Programme is a professional course designed to streamline the management training of a professional to improve upon the career prospects of an Individual. The MDP training assists the person in managerial position to be more proficient in managerial duties and responsibilities.
Ques. What are the advantages of management development Programme?
Ans. Apart from the improvement in the managerial abilities the Management Development Programmes allows the individual to develop knowledge in newer fields, improve competencies, improve decision making, apply innovative methods, track uncertainties and many more.
Ques. What are the requirements for the success of management development Programmes?
Ans. In order for the management development program to succeed the program must be designed in such a way that it meets the requirements of the professionals.The program must be developed in accordance with the companies and the companies must have sufficient resources to complete the program.
Ques. Are the MDP programme carried out at IIMs worth pursuing?
Ans. Yes, the MDP program carried out by the IIMs is worth pursuing. The program enriches the management skills of the individuals and it also allows the individual to build up networks in the future. Also, after fulfilling certain requirements they are conferred the status of IIMs Alumnus.
Ques. Is MDP a degree?
Ans. Yes, MDP is a 2 years program conferred to candidates who have completed their graduation in any stream. However it is not a degree.
Ques. What is MDP qualification?
Ans. Management development Programme is a postgraduate program that enables the candidates to develop experiences in the field of management, leadership and entrepreneurship. The top IIMs in India such as IIM Calcutta, IIM Lucknow have their own Management Development programs that are pursued by various working professionals,
Ques. What is management development Programme in HRM?
Ans. Management Development Program in HRM means the short program in leadership, management education and training, programs that are conducted in house within the organisation to improve the performance and competencies of the workforce.
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