Masters in Management Studies (Operations), abbreviated as MMS Operations, is a 2-year long post-graduate course in Management Studies that provides industry-based knowledge to students in subjects like business, economics, strategy, sociology, and psychology.
See more: MMS Operations Colleges in India
MMS Operations Admissions takes place through Entrance exams like CAT, CMAT, XAT etc. The students must pass the entrance exam and go through the interview in order to be selected.
MMS Operations Top Colleges include IIM Bangalore, JBIMS Mumbai, ITM Business School Kharghar, Mumbai, Sasmira’s Institute of Management Studies and Research, DR. V.N. Bedekar Institute of Management Studies etc. Check MBA Full Form
The average fees for MMS Operations course is INR 4 Lakhs to INR 6 Lakhs and the average salary in INR 5 Lakhs to INR 8 Lakhs.
This course is somewhat similar to MBA but focusing more on creating industry-ready professionals rather than focusing on theoretical knowledge and concepts.
Graduates from all streams i.e. Science, Management, and Humanities can seek admission to MMS courses.
Table of Content
- MMS Operations: Highlights
- MMS Operations: What is it About?
- Why Study MMS Operations?
- MMS Operations: Admission Process
4.2 Entrance Exams
9.1 Future Scope
MMS Operations: Highlights
| Course Level | Post-graduate |
| Full-Form | Masters in Management Studies |
| Duration | 2 years |
| Examination type | Semester type Exam |
| Eligibility | Graduate from any stream. |
| Admission Process | Entrance and Merit-Based |
| Course Fee | INR 8-10 LPA |
| Average Salary | INR 10-15 LPA |
| Top Recruiting Companies | A.C. Neilsen, Amazon, Axis Bank, Polaris Software, Tech Mahindra, Bosch, ITC, Yes Bank, etc |
| Job Positions | Business Consultant, Marketing Manager, Finance Manager, Operations Manager, Sales Manager |
MMS Operations: What is it About?
The first year is designed to provide students with knowledge of business administration and management and in the second year students are allowed to pick a specialization of their choice like Marketing, Sales, Human Resources, Operations, and Finance.
- Syllabus of the MMS course is designed in such a way that students can learn industry-oriented management skills.
- MMS specially provides industry-based knowledge to students in subjects like business, economics, strategy, sociology, and psychology.
- MMS has seen a constant rise across the globe. The courses are already made for an international audience being offered in English.
- MMS gives you a three-dimensional experience. Being in terms of curriculum or the management activities organized across the duration of the course, you will come out a different and evolved person.
Why Study MMS Operations?
MMS course is one of the emerging courses in-country, similar and equivalent to MBA but more professional and specialized than it. Some of the specialties of the course are:
- Needs no experience: A graduate degree is only required of the course. The best thing about MMS is that it needs no work experience to enroll in the program.
- Future Ready Course: MMS course emphasizes creating future-ready professional with pol
- Affordable: MMS degree is less costly as compared to an MBA course. For candidates who want to get a management degree and don’t have enough money to afford a costly MBA degree, MMS is a great choice for them.
- Value for Money: Master in Management Studies course is a value for money course because at almost 1/3rd the price (according to the average fee structure, worldwide), you get a similar experience to MBAs from other reputed institutes.
- Acquire leadership and managerial skills: Applicants can learn from a diverse array of subjects of management. MMS Operations helps them understand the challenges and skills they need to acquire to take on their dreams.
MMS Operations: Admission Process
Most admissions to this course are offered on the basis of entrance tests according to the rules of universities/ colleges offering the course. Scores in the graduation degree of the candidate are also considered.
Graduates from different streams can also apply online very easily for the entrance exam or direct application according to the institute where admission is desired.
- Entrance–Based Admission: Directly apply for entrance exams like CAT, CMAT, MH-CET, etc whichever is applicable to the desired college.
- Merit-Based Admission: Some colleges offer merit-based students to MMS Operations. Secure good marks in 10th, 12th, and graduation to get admission.
MMS Operations: Eligibility Criteria
Candidates willing to take admission in MMS Operations must have completed their graduation from any stream and have qualified for the entrance-test too if applicable to the desired institute.
MMS Operations: Entrance Exams
Some of the entrance exams through which admission to MMS is offered in India are:
| Exam Name | Exam Details |
|---|---|
| CAT | Check CAT Exam Dates |
| MAT | Check MAT Exam Dates |
| SNAP | Check SNAP Exam Dates |
| IIFT | Check IIFT Exam Dates |
| IBSAT | Check IBSAT Exam Dates |
| CMAT | Check CMAT Exam Dates |
| MAH CET | Check MAH CET Exam Dates |
| NMAT | Check NMAT Exam Dates |
| ATMA | Check ATMA Exam Dates |
| XAT | Check XAT Exam Dates |
| TISSNET | Check TISSNET Exam Dates |
| TANCET | Check TANCET Exam Dates |
MMS Operations: How to Prepare for Entrance Exams?
Research the entrance exam syllabus thoroughly and create and stick to a timetable to finish the whole syllabus on schedule. You may also have a history or understanding of MMS Operations Course specifics, so these questions aren't entirely unfamiliar to you.
- Exam questions from previous years should be practised to keep an eye on the exam trend.
- Identify the weak points and work on them by practise and revision.
- Make brief, revision notes to aid in the review of relevant topics prior to the test.
- Since previous experience is needed, make your graduation knowledge your strong suit.
- Keep up with the latest news and current events to improve your general awareness and aptitude, and practise more.
- Keep track of the number and types of questions you're asked.
MMS Operations: How to Get Admission to a Good College?
- MMS admissions are offered through entrance exams like CAT, CMAT, and others.
- As a result, if you wish to enrol in the MMS operations programme, you must prepare well for the entrance exams.
- Some colleges have merit-based enrollment, meaning you'll need to do well in your high school and intermediate classes to get in.
- Make sure you've submitted your application for the exam before the deadline.
- Prepare for the Group Discussion and Personal Interview Round as well.
MMS Operations: Course Comparison
Most of the candidates have confusion regarding the similarity of MMS, MBA, and PGDM courses. These courses belonging to the Management category have some similarities and some differences too.
| Basis of differences | MBA | MMS | PGDM |
|---|---|---|---|
| Eligibility Criteria | Must have completed graduation with a 50% score in minimum and cleared entrance exams like CAT, MAT, XAT, etc. | Must have completed graduation with a 50% score in minimum but can also get admission without clearing the entrance. | Must have completed a degree program with more than 50% marks. |
| Curriculum | MBA is a course that tries to balance theoretical knowledge and practical experience. Candidates start their management education with this course; therefore, they provide more stress on creating a strong foundation. | MMS course is created to have a focus on practical learning, but also due importance is given to theory and foundations of business. | PGDM is an industry-oriented course, so more importance is given to practical subjects in the course. The main idea is to build competence in core subjects each semester. |
| Average Fees | INR 40,000-30,00,000 | INR 2-10 LPA | INR 2-25 LPA |
| Nature of jobs | Major job roles are Marketing Manager, HR Manager, Investment Banker, Business Consultant, etc. | Hedge Fund Manager, Business Manager, Account Manager, Project Manager, etc. | Marketing Executive, Administrative Officer, Operations Manager, Public Relations Officer, Professor, etc. |
| Pros and Cons | MBA is one of the best management degree courses with a high placement rate. But MBA emphasizes more theoretical knowledge. | MMS is an emerging course in management that emphasizes practical knowledge and is affordable too. Not as good as PGDM or MBA. | PGDM is an industry-oriented course focusing on industry-based skill development. But this course is also highly expensive. |
| Average Salary | INR 5-9 LPA | INR 3-10 LPA | INR 3-12 LPA |
MMS Operations: Top Colleges
| College Name | Average Annual Fees | Average Placement Package |
|---|---|---|
| Indian Institute of Management (IIM), Bangalore | INR 9,35,000 | INR 6-7 LPA |
| Jamnalal Bajaj Institute of Management Studies (JBIMS) Mumbai | INR 3,01,000 | INR 10 LPA |
| ITM Business School Kharghar, Mumbai | INR 10,45,000 | INR 5 LPA |
| Sasmira’s Institute of Management Studies and Research | INR 1,65,000 | INR 9.5 LPA |
| DR. V.N. Bedekar Institute of Management Studies | INR 1,30,000 | INR 6.2 LPA |
| Thakur Institute of Management Studies and Research | INR 1,20,000 | INR 5 LPA |
| IISC Bangalore | INR 1,16,500 | INR 8 LPA |
| Savitri Bai Phule Pune University | INR 1,21,000 | INR 4.67 LPA |
MMS Operations: College Comparison
Comparison of the top three MMS colleges in India according to some major parameters is as follows:
| Parameters | ICFAI Foundation for Education | SRM Institute of Technology | SIMSREE Mumbai |
|---|---|---|---|
| About | ICFAI Foundation for education is a member of the Association of Indian Universities (AIU) offering many UG, PG, and Ph.D. level courses. | SRM University is one of the best universities in India offering a wide range of undergraduate, postgraduate, and doctoral programs in different schemes. | SIMSREE is one of the best management institutes in India which offers courses at the PG and doctoral levels within the field of management. SIMSREE accepts merit scored in examinations like MAH CET or CAT/ XAT/ MAT. |
| City | Hyderabad | Kanchipuram | Mumbai |
| Specializations | Operations, Marketing, Finance, Human Resource Management | Banking and Financial Services | Offers the general courses. |
| Average Fees per annum | INR 70,000 | INR 3,65,000 | INR 1,38,000 |
| Average Salary offered | INR 6.9 LPA | INR 5 LPA | INR 12 LPA |
MMS Operations: Distance Education
MMS courses are offered as distance courses by many universities across the country. Also, some of the top institutes offer correspondence in MMS courses. Some of them are:
| College | Average Fees |
|---|---|
| Shailesh J Mehta School of Management | INR 5 LPA |
| Indian Institute of Management, Ahmedabad | INR 20 LPA |
| Indian Institute of Management, Calcutta | INR 11 LPA |
MMS Operations: Syllabus
The syllabus of the MMS course is MBA. Applicants who opt for specialization will be required to study topics related to the particular specialization in the second year of their course, also followed by projects and internships. The list of the topics taught in the MMS course are:
| Semester I | Semester II |
|---|---|
| Financial Accounting | Cost and Management Accounting Economics |
| Perspective Management | Legal and Tax Aspects of Business |
| Managerial Economics | Environment of Business |
| Operations Management | Operations Research |
| Business Mathematics | Research Methodology and fundamentals of MR |
| Organizational Behaviour | Human Resources Management |
| Information Technology for Management | Management of Information System |
| Marketing Management | Financial Management |
| Communication Skills | Marketing Applications and Practices |
| Semester III | Semester IV |
| Operations Planning and Control | Electives |
| Logistics and Supply Chain Management | NA |
| Material Management | NA |
| Technology Management Including Manufacturing Strategy | NA |
| Business Process Reengineering and Benchmarking | NA |
MMS Operations: Job Profiles
After completion of the MMS course, the candidate can get various consulting jobs and managerial level posts in almost all domains and industries. List of some popular job profile and their average salaries offered in India after the MMS course is as follows:
| Job Profile | Description | Average Salary |
|---|---|---|
| Management Consultant | These people help organizations solve problems, improve business performance, create value and increase growth in business. | INR 10 LPA |
| Business Consultant | Business consultants provide management consulting to help organizations improve their performance and efficiency. | INR 9 LPA |
| Project Manager | These people play the lead role in planning, executing, monitoring, controlling, and closing the projects. They are accountable for the entire scope of the project, project team, resources, and the success or failure of the project. | INR 13 LPA |
| HR Manager | Human resources managers (HR Managers) plan, coordinate and oversee the recruiting, interviewing, and hiring of new staff. | INR 6 LPA |
| Marketing Manager | Marketing managers are responsible for managing the promotion and positioning of a brand or the products and services that a company sells. | INR 6 LPA |
| Sales Manager | Sales managers are the people responsible for leading and coaching a team of salespeople. | INR 10 LPA |
| Finance Manager | Financial managers have the responsibility of overseeing the finances of major companies, agencies, and everything in between. Along with their teams, they coordinate accounting and produce financial reports, cash-flow statements, and profit projections. | INR 9 LPA |
MMS Operations: Future Scope
Candidates after completion of their MMS Operations course are exposed to the basics of the corporate world. MMS Operations graduates acquire problem-solving, team building, strategic thinking, target completion, and other skills which are highly in demand in the corporate world. The future scope of the MMS course is explained below:
- MMS Operation graduates can opt for any MBA job which will provide them a good amount of salary.
- MMS graduates from any specialization can also opt for Ph.D. courses and can also work as an assistant professor or teacher in any college/university.
- There are various job opportunities across the globe for MMS graduates, they can also move abroad and work in the field of Operational Management, Marketing Management, etc.
- MMS graduates can also prepare for competitive civil exams, clearing such exams to require a lot of hard work. Qualifying for such an exam will surely give candidates a government job with a decent salary package.
MMS Operations: FAQs
Ques. Is the MMS course only offered in Maharashtra state in India?
Ans. In India, the MMS course is predominantly offered in the state of Maharashtra. The B-schools affiliated with the University of Maharashtra or those listed under the Directorate of Technical Education (DTE) Maharashtra offer MMS. However, there are a few institutes across other states in the country which offer Masters in Management courses. The Department of Management Studies, Indian Institute of Science (IISc), Bangalore also offers Masters in Management courses.
Ques. Are there specializations in MMS programs?
Ans. Yes, there are several specializations like Finance and Operations offered by several B-schools in India. The top areas of specialization include Finance, Human Resources, Sales and Marketing, Operations, Business Analytics, Healthcare, Information Technology, and Systems. Candidates are required to opt for a specialization in the second year of their MMS degree.
Ques. Is the fee structure of MMS economic?
Ans. The fee structure of the MMS program is much lower as compared to the PGP or PGDM programs in India. The tuition fee of the major colleges offering the MMS program range from INR 2 LPA to INR 6 LPA. The fee amount may vary from institute to institute but the range of fee is around 10 lakhs on average.
Ques. Is the MMS course rigorous?
Ans. Any management program actually is rigorous and demanding in nature. Pursuing MMS from a top institute like JBIMS or SIMSREE is not a cakewalk. The curriculum of MMS focuses equally on enhancing the management concepts theoretically and also the practical aspects as well. The course consists of projects and internships too. Hence, the hard work required is no less as compared to MBA or PGDM.
Ques. Does the MMS curriculum include internships, projects, and industry exposure?
Ans. 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 and industrial exposure enhancing the overall personality of candidates which build a strong professional base even before they start their careers as management graduates.
Ques. Are there good opportunities after completing MMS?
Ans. There are a lot of opportunities after completing the MMS program. The most popular option is to participate in the placement process on-campus or off-campus and join one of the top league companies.
Ques. Can a candidate pursue a Ph.D. after completing MMS?
Ans. Yes, an MMS student can easily pursue a Ph.D. after the course completion. As per the eligibility criteria of Ph.D. programs, Ph.D. aspirants need to have a Master's degree. MMS being a degree program, students would be qualified to opt for a Ph.D.
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