In the present nimble job world, focused training in management is likely to make a difference, particularly for those who want to develop skills in leadership, critical analysis, and decision-making. A known postgraduate management course among the graduates is the Master of Management Studies MMS program at top MMS colleges in Mumbai and elsewhere.
MMS can be a potent sequel and here are some proving data for the same:
- Experience has it that employment of MMS and management graduates in finance, IT, and consulting industries has increased by 20 percent compared to what it used to be five years ago.
- According to the survey, MMS graduates can earn at least 30% more than graduates with only an undergraduate degree in terms of their starting salary.
- About 70 percent of MMS students gave a positive response to the option that the degree gives one a cutting edge when it comes to employment, especially when it comes to career advancement.
- MMS programs at leading MMS colleges currently have over 60% that include internship or industry projects upon which the students acquire practical experience and improve employability.
- Students in Cities like Mumbai and Navi Mumbai have extended their interest in enrolling on MMS program by approximately 15 percent in the last five years as a result of the curriculum.
In this blog, we will know why doing MMS is advantageous, how this program is different from other management courses, and much more.
TABLE OF CONTENTS:
|
What is an MMS Degree?
Master of Management Studies (MMS) is a full-time two-year post-graduate management program with specialization streams in fields of operation, finance, marketing, human resources, and other functional areas of management. The Mumbai University MMS is designed for fresh graduates who want to make a concentrated start in the business world or those who want to advance into managerial positions.
Here are essential details about the MMS course at the best MMS colleges in Mumbai and elsewhere.
Duration | 2 years |
Course Level | Postgraduate level |
Eligibility Criteria | The basic eligibility criteria to pursue an MMS degree at leading MMS colleges in Navi Mumbai and elsewhere are as follows:
Pertaining pleas relating to SC/ST students, most of the organizations offer a 5% tolerance for their exams. |
Fees | The average fees for an MMS degree at leading private colleges in Navi Mumbai and elsewhere range between INR 2 LPA to INR 6 LPA. |
Having seen the essential details of the MMS course at the best colleges in Navi Mumbai and elsewhere, now let us see the reasons why MMS can be your next step after your undergraduate studies.
Why Pursue an MMS Degree After Undergraduate Studies?
Here are the reasons for you to consider pursuing MMS after your UG degree:
Immediate Career Opportunities:
An MMS (Master of Management Studies) degree at leading colleges in Navi Mumbai and elsewhere prepares one to join management-level employment directly and is therefore suitable to those who wish to start their working careers without a delay occasioned by the search for a first job.
Strong Foundation in Management:
The curriculum of MMS programs at leading management colleges in Navi Mumbai and elsewhere include comprehensive courses in basic business disciplines such as finance, marketing, operation, human resource, etc., and business ethics also form part of the subjects taught. It prepares students with adequate knowledge and skills they need to perform managerial duties in organizations.
High Employability:
There is always a high demand for MMS graduates in companies ranging from the financial services sector, consulting firms, the IT industry, and the fast-moving consumer goods industry.
Most MMS students from top management colleges in Mumbai and elsewhere are workforce-ready because the program is well-calibrated to embrace theoretical as well as practical teaching and learning. Most colleges have nearly 100% success in placing their students into jobs within six months of passing out.
Competitive Edge in the Job Market:
Employment opportunities are always scarce, especially in a world with worsening competition. With an MMS degree from top MMS colleges in Mumbai and elsewhere, candidates are assured of the best shot at landing these jobs. Most employers have a tendency to recruit management-qualified persons in the firms they offer jobs, and MMS degrees assist graduates in securing entry-level management jobs easily.
Career Growth and Salary Potential:
MMS graduates get more handsome salary packages than individuals with an undergraduate degree. Industry-wise, MMS holders can be rewarded with a basic salary that is 30% higher than holders of other Masters degrees. Besides, an MMS incorporates the basis of a long-lasting career evolution plan and executive positions in excellent organizations.
Networking Opportunities:
Opportunities to gain access to information and knowledge, and expand one’s network of contacts that consist of professors, people in industry, and fellow students are obtained when pursuing an MMS. Most of the educational MMS programs at leading MMS colleges in Mumbai and elsewhere contain internships, guest speakers, and field trips that are effective in increasing the professional network and employment opportunities.
Growing Demand for Management Professionals:
Due to the complexity that has risen within businesses and the overall need for managers, the MMS graduate’s employment demands have been on the rise. When industries change, MMS graduates show personal and organizational flexibility and managerial ability to meet emerging tasks.
Affordable Compared to MBA:
MMS programs in many a city like Mumbai and Navi Mumbai costs a lot less than the MBAs of the private management institutions. This is good news for the MMS student, who can then proceed on to a management career without the burden of excessive debt.
Conclusion:
In conclusion, an MMS degree can have almost an equal number of benefits to include better employment prospects, better pay prospects, and scope for promotion. Whether the goal is preparing for a leadership position or would like to focus on a special area of management, an MMS is equipped with the necessary knowledge and tools for operation in a modern business world.
FAQs:
- What is an MMS degree, and how does it differ from an MBA?
An MMS (Master of Management Studies) is a two-year postgraduate degree MBA program that covers core managerial competencies as an initial course for the graduates, whereas an MBA is a generalized course that generally incorporates the work experience of the candidate as part of its criteria.
- Who should consider pursuing an MMS degree?
New college graduates who wish to embark on their careers in management or have specialized in areas such as finance, marketing, or human resources should undertake MMS to equip them with industry knowledge.
- What are the job prospects after completing an MMS?
A high percentage of MMS graduates are placed and they get reasonably good starting salaries in the first jobs across the spectrum that include finance, consulting IT, and elsewhere, particularly in Mumbai.
- Are MMS programs affordable compared to MBA programs?
Yes, MMS programs both in Mumbai and Navi Mumbai are cheaper than MBA programs and qualify students for a management career without necessarily putting a dent in their financial capacity.