The Master of Business Administration (MBA) in Product Management is a postgraduate program spanning two years. It focuses on developing expertise in strategic product planning, development, and marketing strategies.
Admission to MBA Product Management typically requires a bachelor's degree with 50% marks from a recognized board, along with a merit-based or entrance exam as per university requirements. Top MBA Product Management colleges in India include prestigious institutions like Indian Institutes of Management (IIMs), XLRI, and Symbiosis.
Graduates can expect an average salary range between INR 6 to 12 LPA, with top recruiters spanning various industries such as manufacturing, IT, telecom, and energy sectors, including companies like Tata Motors, Infosys, and Amazon.
Table of Contents
- MBA Product Management Highlights
- What is MBA Product Management?
- Who should do MBA Product Management?
- MBA Product Management Admissions
4.1 MBA Product Management Entrance Exams
4.2 MBA Product Management Eligibility
5.1 MBA Product Management 1st-Year Syllabus
5.2 MBA Product Management 2nd-Year Syllabus
6.1 MBA Product Management Govt Colleges
MBA Product Management Highlights
| Course Level | Post-Graduate |
| Full Form | Master of Business Administration in Production Management |
| Duration | 2 Years |
| Eligibility | Graduation in any stream from a recognized university along with a minimum 50% aggregate score |
| Admission Process | Entrance Exam + Counselling |
| Course Fee | INR 3,00,000-18,00,000 |
| Average Salary | INR 6 -12 LPA |
| Job Roles | Production Manager, Senior Technical Manager, Floor Shop Manager, Purchase Manager, Business Process Manager, Logistics Manager, Inventory Manager etc. |
| Top Recruiting Areas | Manufacturing Area, like Automobiles, Engineering Goods, Heavy Machinery Industry, Iron-steel & Metal Industry, Telecom, Chemical and Fertilizer, IT and Energy Sectors etc. |
Also check: How to Become a Production Planner
What is MBA Product Management?
MBA Product Management is a postgraduate degree program designed to equip students with skills and knowledge essential for managing the development, marketing, and strategic aspects of products. It covers areas such as product lifecycle management, market analysis, innovation, and cross-functional collaboration, preparing graduates for leadership roles in various industries.
Who should do MBA Product Management?
An MBA in Product Management is ideal for individuals seeking leadership roles in product development, marketing, and strategy across diverse sectors. It is suitable for those interested in gaining comprehensive knowledge of the product life cycle and cross-functional business skills. Additionally, candidates aiming for career advancement in roles involving innovation, market launch, and product success would benefit from this program.
MBA Product Management Admissions
Admission to the MBA in Production Management program typically involves the following steps:
- Candidates must participate in entrance exams such as CAT, MAT, XAT, etc.
- Application can be done online or offline.
- Required documents are submitted along with fees.
- Selection is based on performance in entrance exams and academic records.
- Shortlisted candidates attend interviews or counselling for final selection.
MBA Product Management Entrance Exams
Admission to the MBA in Product Management program typically relies on national or state-level entrance exams. Common exams include:
| Entrance Exam | Registration Date | Exam Date |
|---|---|---|
| CAT | July 2024 | November 2024 |
| MAT | February 2024 | February 25, 2024 |
| IBSAT | To be Announced | December 2024 |
| SNAP | August 2024 | December 2024 |
| CMAT | To be Announced | May 2024 |
| XAT | December 2023 | January 07, 2024 |
Important Links:
| CMAT Pattern and Syllabus | CMAT Preparation Tips | CMAT Practice Papers |
| XAT Syllabus | XAT Practice Papers | XAT Preparation Tips |
MBA Product Management Eligibility
To be eligible for an MBA in Production Management, candidates must meet the following criteria:
- Bachelor's degree from a recognized university.
- Minimum 50% aggregate at graduation level and in class X and XII board exams.
- Some colleges may require at least 24 months of managerial work experience.
MBA Product Management Syllabus
The semester-wise Syllabus for the MBA Product Management course is mentioned in the table below.
| MBA Product Management 1st-Year Syllabus | |
|---|---|
| Semester 1 | Semester 2 |
| Management of Organizations | Management of Organizations |
| Quantitative Techniques and Methods | Quantitative Techniques and Methods |
| Managerial Economics | Managerial Economics |
| Corporate Environment | Corporate Environment |
| Business Skills Development | Business Skills Development |
| Corporate Legal Environment | Corporate Legal Environment |
| Accounting for Managers | Accounting for Managers |
| MBA Product Management 2nd-Year Syllabus | |
| Semester 3 | Semester 4 |
| Management of International Business | Management of International Business |
| Business Policy and Strategic Management | Business Policy and Strategic Management |
| Summer Training Project | Summer Training Project |
| Specialization Group A (two papers from each specialization will be offered) | Specialization Group A (two papers from each specialization will be offered) |
| Specialization Group B (two papers from each specialization will be offered) | Specialization Group B (two papers from each specialization will be offered) |
| Specialization Group C (two papers from each specialization will be offered) | Specialization Group C (two papers from each specialization will be offered) |
Important Links:
MBA Product Management Top Colleges
For MBA in Product Management, various institutions in India offer programs with varying fee structures. Government colleges typically have lower fees compared to private colleges. Below is a table listing some of the top MBA Product Management colleges in India along with their respective fees:
| College Name | Fees |
|---|---|
| DMS - Department of Management Studies IIT, New Delhi | INR1,37,000 |
| IIT Roorkee - Indian Institute of Technology - [IITR], Roorkee | INR1,40,000 |
| Wisdom School of Management, Lucknow | INR 24,00,000 |
| Jigsaw Academy, Bangalore | INR 14,30,000 |
| IIT Delhi - Indian Institute of Technology [IITD], New Delhi | INR1,37,000 |
| Institute of Product Leadership - [IPL], Bangalore | INR1,40,000 |
| Management Development Institute - [MDI], Murshidabad | INR 60,000 |
| Alliance University, Bangalore | INR 60,000 |
| Great Learning Institute, Gurgaon | INR 3,50,000 |
| Pacific Institute of Engineering and Management - [PIEM], New Delhi | INR 1,10,000 |
See more: Diploma in Production Management
MBA Product Management Govt Colleges
The table below mentions the top MBA Product Management Govt Colleges with their respective fees.
| College Name | Fees |
|---|---|
| DMS - Department of Management Studies IIT, New Delhi | INR1,37,000 |
| IIT Roorkee - Indian Institute of Technology - [IITR], Roorkee | INR1,40,000 |
| Management Development Institute, Murshidabad | INR 60,000 |
| JK Lakshmipat University, Jaipur | INR 24,50,000 |
| IIT Delhi - Indian Institute of Technology [IITD], New Delhi | INR1,37,000 |
| Great Learning Institute, Gurgaon | - |
MBA Product Management Private Colleges
The table below mentions the top MBA Product Management Private Colleges with their respective fees.
| College Name | Fees |
|---|---|
| Wisdom School of Management, Lucknow | INR 24,00,000 |
| Jigsaw Academy, Bangalore | INR 14,30,000 |
| Institute of Product Leadership - [IPL], Bangalore | INR1,40,000 |
| Management Development Institute - [MDI], Murshidabad | INR 60,000 |
| Alliance University, Bangalore | INR 60,000 |
| Great Learning Institute, Gurgaon | INR 3,50,000 |
| Wisdom School of Management, Ghaziabad | INR 11,00,000 |
| Pacific Institute of Engineering and Management - [PIEM], New Delhi | INR 1,10,000 |
See more: BBA Operations Management
Courses After MBA Product Management
Upon completing an MBA in Product Management, students have various career advancement options to consider:
| Path | Description |
|---|---|
| Executive MBA (EMBA) | Tailored for experienced executives, enhancing leadership skills and opening new career avenues. |
| Doctorate of Philosophy (Ph.D.) | Ideal for research-oriented roles, exploring topics like product innovation and strategies. |
| Certification Courses | Platforms like Coursera offer courses like Software/Product Management, boosting skills and credibility. |
| Product Management Jobs | Roles span across sectors like IT, e-commerce, with titles including Product Manager, Analyst, and Marketing Manager. Average salary in India is INR 16 LPA. |
Also check: Career as a Production Manager
MBA Product Management Jobs and Scope
Upon completing MBA Production Management, graduates can explore careers in diverse sectors like Automobiles, Engineering, Telecom, Chemicals, and IT. Job roles include Production Manager, Operations Manager, with average annual salaries detailed below.
| Job Profile | Job Description | Average Salary |
|---|---|---|
| Production Manager | Plans production schedules, negotiates budgets, and liaises with clients. | INR 7.8 LPA |
| Senior Technical Manager | Executes development plans, manages technical teams within budget. | INR 12 LPA |
| Floor Shop Manager | Handles customer queries, meets customers, and supervises employees. | INR 2.46 LPA |
| Purchase Manager | Designs purchasing strategies, negotiates prices, and reviews materials. | INR 7.14 LPA |
| Business Process Manager | Evaluates, designs, and monitors business procedures to meet goals. | INR 7.31 LPA |
| Logistics Manager | Coordinates storage, transport, and delivery of materials and goods. | INR 3.56 LPA |
Check: Salary of a Production Planner
MBA Product Management Top Recruiters
Here is a table listing top recruiters for MBA Production Management students.
| Company | Industry |
|---|---|
| McKinsey | Consulting |
| BCG | Consulting |
| Amazon | E-commerce, Technology |
| Deloitte | Professional Services |
| Accenture | Consulting, Technology |
| IBM | Technology |
| Hitachi | Diversified |
| Tech Mahindra | IT, BPO |
| Infosys | IT, Consulting |
| Capgemini | IT, Consulting |
MBA Product Management: FAQs
Ques. What is MBA Production Management?
Ans. MBA Production Management is a specialized field focusing on optimizing production processes within organizations, ensuring efficiency, quality, and timely delivery of goods and services.
Ques. What is the duration of this MBA Product Management course?
Ans. The MBA Production Management program typically spans over 2 years, divided into four semesters, providing comprehensive learning and practical exposure to production management concepts and techniques.
Ques. What is the eligibility criteria for MBA Product Management?
Ans. The eligibility criteria for MBA Production Management usually include a bachelor's degree in any discipline with at least 50% aggregate marks from a recognized university. Additionally, some institutes may require work experience and a valid entrance exam score.
Ques. What is the admission procedure for MBA Product Management?
Ans. The admission procedure for MBA Production Management involves clearing a national, state, or institute-level entrance exam such as CAT, MAT, XAT, or CMAT. Subsequently, candidates may need to participate in group discussions and personal interviews as part of the selection process.
Ques. What is the average tuition fee for MBA Product Management?
Ans. The average tuition fee for MBA Production Management varies depending on the institute's reputation and facilities offered. Typically, it ranges from INR 2,00,000 to 15,00,000 for the entire course duration.
Ques. Which are the top colleges for MBA Product Management?
Ans. Some of the top colleges offering MBA Production Management programs in India include prestigious institutions such as Indian Institutes of Management (IIMs), Indian Institutes of Technology (IITs), National Institute of Industrial Engineering (NITIE), XLRI Jamshedpur, and Symbiosis Institute of Business Management (SIBM).
Ques. What are the career prospects after MBA Product Management?
Ans. Upon completion of an MBA in Production Management, graduates can pursue diverse career opportunities such as Production Manager, Operations Manager, Supply Chain Manager, Quality Manager, or Project Manager across various industries including manufacturing, IT, healthcare, and retail.
Ques. What is the average starting salary for MBA Product Management professionals?
Ans. The average starting salary for MBA Production Management professionals ranges from INR 5 LPA to 10 LPA. However, with experience and expertise, professionals can expect higher remuneration exceeding INR 20 LPA in managerial roles.
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