M.Phil in Management: Course Details, Eligibility, Admission, Fees
M.Phil in Management is a one year postgraduate management course that trains aspirants to prepare them to manage these essential sectors. M.Phil in Management course is an intermediate degree between the first postgraduate degree and the doctorate in Management.
Table of Contents
- About M.Phil in Management
- Eligibility Criteria for M.Phil in Management
- Who Should Pursue an M.Phil in Management Course?
- How To Get Admission for M.Phil in Management?
- M.Phil in Management Specializations
- Types of M.Phil in Management Courses
- Popular Entrance Exams for M.Phil in Management
- Top M.Phil in Management Colleges in India
- Study M.Phil in Management Abroad
- Fee Structure for M.Phil in Management
- Syllabus and Subjects for M.Phil in Management
- Why Choose M.Phil in Management Course?
- M.Phil in Management Course Comparison
- Preparation Tips for M.Phil in Management Course
- Scope for Higher Education
- Salary of an M.Phil in Management Graduate
- Career Options After M.Phil in Management Graduation
- Skills That Make You The Best M.Phil in Management Graduate
M.Phil in Management Course Details
| Degree | Masters |
| Full Form | Master of Philosophy in Management |
| Duration | 2 Years |
| Age | There is no age limit. |
| Entrance Exam | CAT, MAT, CUET, etc. |
| Subjects Required | M.Com, MIB, MHROD, MBA, M.Sc, etc. |
| Minimum Percentage | 60% |
| Average Fees | ₹1.2 - 5 LPA |
| Average Salary | INR 5 - 7 LPA |
| Employment Roles | Assistant Professor, Project Manager, Software Development, etc. |
About M.Phil in Management
M.Phil in Management is a one-two year postgraduate course in management. MPhil in Management trains aspirants to prepare them to manage these important sectors. The course is an intermediate degree between the first postgraduate course and the doctorate. The MPhil in Management course trains students to learn the inner workings of business and manage resources to achieve the best result with the greatest efficiency
Eligibility Criteria for M.Phil in Management
Students who wish to enrol in the M.Phil in Management program must pass with at least 55% from a recognized college/university in their Master’s course. Students must pass the common entrance examinations in addition to meeting the standard M.Phil in Management eligibility requirements. This course has no age limit.
Who Should Pursue an M.Phil in Management Course?
Candidates who want to work in management research must enrol in the M.Phil in Management programme. The M.Phil programme serves as a stepping stone for candidates who want to eventually pursue a PhD. Candidates who are unable to dedicate the minimum of 4-5 years to the research required in doctoral programmes enrol in the MPhil degree. An M.Phil degree might be beneficial and enhance the resume of candidates seeking a research degree if they are unable to finish the PhD programme.
When To Do M.Phil in Management Course?
If a student wants to pursue M.Phil, they should begin at the Master's level. They must pass with at least 55% in a Master’s degree from a recognized college/university.
How To Get Admission for M.Phil in Management?
Admission to the M.Phil in Management program is either merit-based or entirely based on the candidate's qualifying exam score. A candidate's performance on a National, State or College-level entrance exam determines their admittance to the course. Some colleges conduct their entrance exams for the admission process. Aspirants must also meet the minimal M.Phil in Management eligibility requirements, which include 55% of a Master’s degree and an entrance exam score.
Though the M.Phil in Management admission process varies from college to college, below are the steps one should generally go through to get admission.
How to Apply?
Considering the COVID scenario, most institutions have shifted their admission procedures completely online. Therefore, students should go to the official websites of the universities they are applying to and start the application process by submitting information. Students can also enrol offline at the university of their choice and fill out an application form with all required documents.
Selection Process
In merit-based selection, candidates are chosen based on their academic performance during their master's degree. For entrance-based selection, students need to take the entrance test. Once the candidates are qualified, they become eligible for any further stage of admission. Further stages of admission vary from college to college.
M.Phil in Management Specializations
The following are specializations one can opt for while pursuing M.Phil in Management:
- General Management
- Finance Management
- Human Resource Management
- Marketing Management
Types of M.Phil in Management Courses
Aspirants can pursue the course in full-time or part-time mode. Below are the types of M.Phil in Management courses in detail:
Full-Time M.Phil in Management
The full-time M.Phil in Management duration is 1-2 years. This course requires more practical knowledge than theoretical understanding. The advantage of a full-time course is that students can gain a lot more exposure, experience, and knowledge through direct interaction with their peers and faculty.
Part-Time M.Phil in Management
The part-time M.Phil in Management course is designed for students who cannot attend regular classes. The duration of the course is 2 years. The advantage of the part-time course is that students can pursue this course while simultaneously being engaged in employment, etc.
Distance M.Phil in Management
The distance M.Phil in Management program lasts 2 years and is divided into four semesters of six months each. For those who wish to pursue M.Phil in Management after their Master’s but don't have the time to attend normal classes, distance learning is the ideal option.
Popular Entrance Exams for M.Phil in Management
M.Phil in Management candidates must pass the entrance exams to be admitted to the academic course. The required cut-off marks for the entrance exam are set at the discretion of the institute that administers the test. Those who pass the M.Phil in Management entrance exam will be invited to the final selection procedure. The following are some of the most popular M.Phil in Management entrance exams:
A Quick Glance at the M.Phil in Management Entrance Exams
The eligibility requirements for the above-mentioned entrance exams are entirely dependent on the conducting body and so vary accordingly. The following are some of the general guidelines for entrance exams:
- The exam can be offline or online.
- The exam duration is 2-3 hours.
- The question paper is set in English.
- Questions will be MCQ based
- There may be negative marking schemes.
- The exam structure contains common topics such as English, Quantitative, Analytical, General Ability, etc.
Top M.Phil in Management Colleges in India
India is home to some of the best M.Phil in Management colleges for aspirants. Candidates have many options to choose from in terms of the best M.Phil in Management course as per their preferences. Depending on the type of M.Phil in Management programs offered, candidates will have to make the appropriate choice.
Below is the list of the 10 best M.Phil in Management Colleges in India:
Top M.Phil in Management Colleges in Delhi
India’s capital city is home to some of the best institutions for M.Phil in Management in India. Check the table below for the top M.Phil in Management colleges in Delhi:
| Sl.No | Institution |
| 1 | University of Delhi |
| 2 | IGNOU |
| 3 | GGSIPU |
| 4 | Jamia Milia |
| 5 | JNU |
Top M.Phil in Management Colleges in Mumbai
Mumbai also has some of the best institutions for M.Phil in Management in India. Check the table below for the top M.Phil in Management colleges in Mumbai:
| Sl.No | Institution |
| 1 | Homi Bhabha National University |
| 2 | KES Shroff College of Arts and Commerce |
| 3 | Nagindas Khandwala College |
| 4 | HBSU |
| 5 | HSNC University |
Top M.Phil in Management Colleges in Pune
Pune is home to some of the premier institutions for M.Phil in Management in India. Check the table below for the best M.Phil in Management colleges in Pune:
| Sl.No | Institution |
| 1 | M.E.S Abasaheb Garware College |
| 2 | Bharati Vidyapeeth |
| 3 | Deccan College of Post-Graduate and Research Institute |
| 4 | Institute of Advanced Studies in English |
| 5 | Karve Institute of Social Service |
Top M.Phil in Management Colleges in Bangalore
The capital city of Karnataka is renowned around the country for colleges offering top M.Phil in Management programs. Check the table below for the best M.Phil in Management colleges in Bangalore:
| Sl.No | Institution |
| 1 | Christ University |
| 2 | IIM Bangalore |
| 3 | Alliance University |
| 4 | AIMS Institutes |
| 5 | Reva University |
Top M.Phil in Management Colleges in Chennai
The capital city of Tamil Nadu has some of the best colleges for M.Phil in Management in Chennai. Check the table below for the best M.Phil in Management colleges in Chennai:
| Sl.No | Institution |
| 1 | Vels University |
| 2 | Madras University |
| 3 | Women's Christian College |
| 4 | SCSVMV University |
| 5 | Bhaktavatsalam Memorial College for Women |
Top M.Phil in Management Colleges in Jaipur
The Capital City of Rajasthan has some premier institutions in the country for M.Phil in Management. Check the table below for top colleges for M.Phil in Management in Jaipur:
| Sl.No | Institution |
| 1 | Jaipur National University |
| 2 | NIMS University |
| 3 | University of Rajasthan |
| 4 | IIS University |
| 5 | Amity University |
Top M.Phil in Management Government Colleges
There are several top Government Colleges offering quality M.Phil in Management programmes across the country. Check the table below for the top M.Phil in Management government colleges in India:
| Sl.No | Institution |
| 1 | University of Delhi |
| 2 | JNU, Delhi |
| 3 | IIM Bangalore |
| 4 | University of Madras |
| 5 | University of Mumbai |
Top M.Phil in Management Private Colleges
India has seen significant growth in the number of quality M.Phil in Management private colleges that offer some of the best programs in the country. Check the table below for the top M.Phil in Management private colleges in India:
| Sl.No | Institution |
| 1 | VGSOM IIT Kharagpur |
| 2 | XLRI Jamshedpur |
| 3 | MDI, Gurgaon |
| 4 | ISB, Hyderabad |
| 5 | SPJIMR, Mumbai |
Study M.Phil in Management Abroad
M.Phil in Management abroad is for a minimum of 2 years, depending on the type of course, college, and country. The benefits of studying an M.Phil in Management program overseas provide students with access to some of the best resources, facilities, and faculty and global exposure to the subject matter and other cultures.
In addition, students must achieve a minimum of 55% in their Master’s degree and have good English language skills. Below are some of the top M.Phil in Management colleges abroad and the relevant fees structure:
Top M.Phil in Management Colleges Abroad
The table below contains the list of some of the best colleges abroad for M.Phil in Management:
| Institution | Fees |
| Harvard University, USA | USD 51,000 |
| Stanford University, USA | USD 36,240 |
| King's College London | GBP 23,000 |
| University of Western Australia, Australia | AUD 8,920 |
| University of Adelaide, Australia | AUD 9,990 |
| McGill University, Canada | CAD 45,000 |
| University of Calgary, Canada | CAD 14,116 |
| Auckland University of Technology, New Zealand | NZD 13,200 |
| Lincoln University, New Zealand | NZD 17,060 |
| University of Liverpool, UK | GBP 9,250 |
Top M.Phil in Management Colleges in the USA
The USA is home to some of the best universities and colleges offering top-notch M.Phil in Management programs in the world. The table below contains the list of top colleges for M.Phil in Management in the USA:
| Sl.No | Institution |
| 1 | Harvard University |
| 2 | Stanford University |
| 3 | University of Pennsylvania |
| 4 | University of Michigan |
| 5 | Duke University |
Top M.Phil in Management Colleges in the UK
The table below shows the top colleges for M.Phil in Management in the UK:
| Sl.No | Institution |
| 1 | University of Oxford |
| 2 | University of Cambridge |
| 3 | University of Birmingham |
| 4 | University of Manchester |
Top M.Phil in Management Colleges in Australia
The table below shows the top colleges for M.Phil in Management in Australia:
| Sl.No | Institution |
| 1 | University of Western Australia |
| 2 | University of Adelaide |
| 3 | Macquarie University |
| 4 | La Trobe University |
| 5 | Victoria University |
Top M.Phil in Management Colleges in Canada
The table below shows the top colleges for M.Phil in Management in Canada:
| Sl.No | Institution |
| 1 | McGill University |
| 2 | University of Calgary |
| 3 | York University |
| 4 | Queen’s University |
| 5 | Memorial University of Newfoundland |
Top M.Phil in Management Colleges in New Zealand
The table below shows the top colleges for M.Phil in Management in New Zealand:
| Sl.No | Institution |
| 1 | Auckland University of Technology |
| 2 | Lincoln University |
| 3 | University of Waikato |
| 4 | Otago Business School |
| 5 | University of Auckland Business School |
Fee Structure for M.Phil in Management
The M.Phil in Management fee is not fixed and depends on many factors. Some of the factors which affect the M.Phil in Management fees include location, faculty, demand, infrastructure, and the facilities available to the students. The average M.Phil in Management course fee in India is around INR 1 - 2 LPA.
| Sl.No. | Name of the College | Total Fee Structure (INR) |
| 1. | The University of Delhi, Delhi | 5,630 PA |
| 2. | JNU, Delhi | 740 PA |
| 3. | Jamia Milia Islamic, Delhi | 5,183 PA |
| 4. | GGSIPU, Delhi | 42,000 PA |
Syllabus and Subjects for M.Phil in Management
The M.Phil in Management course is designed to give students both a theoretical and practical study approach. Students can successfully learn the abilities required in the finance and management industry. The M.Phil in Management course follows a set pattern. The following is a list of the general topics that will be covered during the course:
- Research Methodology
- Business and Computer Applications
- Project work
- Grand Viva-voce
- Contemporary studies in Marketing
- Contemporary studies in Human Resources, etc.
Read More: M.Phil in Management Syllabus and Subjects
Why Choose M.Phil in Management Course?
When students decide to pursue M.Phil in Management, should first research M.Phil in Management course details to ensure that they know the course they are enrolling in. Breaking down the question "Why to choose M.Phil in Management?" into three brief questions simplifies the answer:
What is M.Phil in Management All About?
The MPhil in Management is a one-year pre-doctoral course divided into two semesters. The MPhil in Management is a taught master's program that provides a solid foundation in management. It sets high academic standards and is based on the latest academic research in the field.
What Does an M.Phil in Management Graduate Do?
Graduates who successfully complete this course can either work in various finance-management industries or pursue an M.Phil program. Here are some of the most common job positions for M.Phil in Management graduates:
- Economists: They collect and analyze data, that includes economic indicators, such as gross domestic product and consumer confidence surveys.
- Human Resource Manager: They plan, coordinate, and direct the administrative functions of an organization.
- Finance Analyst: They analyze financial statements to evaluate investment opportunities. Build financial models for investors to find profitable investments. Recommend individual plants and plant collections.
Reasons Why M.Phil in Management Can Fetch You a Rewarding Career?
After completing the M.Phil in Management, young and experienced professionals have a wide range of career opportunities. It depends on the skills, academic record, skills, and experience of the individual. Some of the reasons are
Demand: M.Phil in Management is a great career choice for those with a lot of management skills. Students have various career opportunities.
Career Growth: M.Phil in Management graduates have a wide range of job opportunities. Candidates can advance in their careers after gaining experience as operations manager.
Skill Development: Students get a lot of opportunities in enhancing their design and creativity skills that are required in the world of finance and management.
Read More: M.Phil in Management Jobs & Scope
M.Phil in Management Course Comparison
M.Phil in Management deals with finance and managing skills. Below is a comparison of the M.Phil in Management course with the other courses.
M.Phil in Management vs PhD Management
The table below showcases the differences between M.Phil in Management and PhD Management:
| Course | M.Phil Management | PhD Management |
| Full-Form | Masters of Philosophy Management | Doctor of Philosophy in Management |
| Stream | Commerce | Commerce |
| Course Duration | 1-2 Years | 3 - 4 Years |
| Eligibility | Graduation from a recognized college/ university with a minimum of 55% at the Master’s level. | 55% in M.Phil |
| Entrance Exams | CAT, MAT, CUET etc. | GRE, UGC-JRF, etc. |
| Top Colleges | Delhi University, JNU , etc. | IIT Bangalore, Jamia Milia Islamia, etc. |
| Fees | INR 1.30 - 4 LPA | INR 1.50 - 2 LPA |
Read More: PhD Management
Preparation Tips for M.Phil in Management Course
There are many tips that students must note when deciding to pursue an M.Phil in Management. Some important preparation tips are listed below to ensure that the students crack the course and pass the exams without any hurdles.
Syllabus: Students must be well-versed in the course syllabus. This is the first and most fundamental step in the preparation process.
Exam Pattern: Understand the examination patterns and the kind of questions that are commonly asked. Students will most likely be asked multiple-choice questions.
Important topics: Students should concentrate more on the important areas, as these are where questions are most usually asked. These sections must be focused on while reviewing the chapters.
Practice: Practice questions from past years' question papers and sample papers.
Scope for Higher Education
Aspirants can pursue higher studies after obtaining an M.Phil in Management. Some of the top courses for higher studies in the field of Finance and Management are as follows:
- PhD
- Competitive Exams for Govt. Job.
Salary of an M.Phil in Management Graduate
The salary for M.Phil in Management graduates varies depending on the specialization chosen by the candidates. Other factors that can affect M.Phil in Management salary in India include experience and the industry they are working in.
Graduates can increase their salary by getting more work experience. The average M.Phil in Management job starting salary for graduates is around INR 5 - 10 LPA [Source: PayScale].
Read More: M.Phil in Management Salary
Career Options After M.Phil in Management Graduation
There are plenty of jobs available for M.Phil in Management students in both the public and private sectors. The job roles will differ based on the specialization that one has opted for. M.Phil in Management graduates have abundant job opportunities with good salary packages that include the following job profiles:
- Civil Servant
- Assistant Professor
- Economist
- Researcher
- Consultant
- Human Services, etc.
Skills That Make You The Best M.Phil in Management Graduate
M.Phil in Management programmes are used by every sector in this era, aspirants are enrolled to transform them from raw aspirants to professional Finance and Management aspirants. Some of the abilities that M.Phil in Management students should have:
- Communication Skills
- Analytical Thinking
- Problem-solving and Decision-making
- Commercial Awareness
- Interpersonal Skills, etc.
