M.Sc Management: Course Details, Eligibility, Admission, Fees
M.Sc Management is a 2 year postgraduate management course in business management, marketing, operation, and finance. The M.Sc Management course aims to provide the students with extensive knowledge of Marketing Management, Accounting for Managers, HR Management, etc. M.Sc Management jobs after graduation include Project Managers, Marketing Managers, Production Managers, Human Resource Managers, etc.
Table of Contents
- About M.Sc Management
- Eligibility Criteria for M.Sc Management
- Who Should Pursue M.Sc Management Course?
- How To Get Admission for M.Sc Management?
- Types of M.Sc Management Courses
- Popular Entrance Exams for M.Sc Management
- Top 10 M.Sc Management Colleges in India
- Fee Structure for M.Sc Management
- Syllabus and Subjects for M.Sc Management
- Why Choose M.Sc Management Course?
- M.Sc Management Course Comparison
- Preparation Tips for M.Sc Management Course
- Scope of M.Sc Management For Higher Education
- Salary of an M.Sc Management Graduate
- Career Options After MSc Management Graduation
- Skills That Make You The Best M.Sc Management Graduate
M.Sc Management Course Details
| Degree | Masters |
| Full Form | Master of Science in Management |
| Duration | 2 Years |
| Age | There is no age limit for the course. |
| Entrance Exam | GATE, CAT, BHU PET, GMAT |
| Subjects Required | Bachelor's Degree in relevant field |
| Minimum Percentage | 60% |
| Average Fees | ₹25K - 25 LPA |
| Similar Options of Study | MBA in Management |
| Average Salary | INR 2.3 LPA - INR 15 LPA |
| Employment Roles | Finance Manager, Marketing Manager, Production Manager, Customer Service Manager, Project Manager |
About M.Sc Management
M.Sc Management full form stands for Master of Science in Management. It is a course that deals with business management, marketing, operation, and finance. The M.Sc Management course duration is 2 years.
M.Sc Management subjects are focused on developing an idea about Marketing Management, HR Management, Accounting for Managers, etc. M.Sc Management job scope is vast and offers opportunities in various fields in both private and public sectors.
Eligibility Criteria for M.Sc Management
For M.Sc Management course admission, colleges require students to have scored a minimum of 60% in their bachelor's degree in the relevant field from a recognized college or university in order to be eligible for the M.Sc Management course.
In addition, many colleges and universities conduct entrance exams as part of the M.Sc Management eligibility criteria. There is no age limit to applying for this course.
Who Should Pursue M.Sc Management Course?
The MSc Management course is for those aspirants that want to set up a career in the field of business management, finance, and marketing. It is the perfect course for those who are looking for an advanced degree that will help them to get a good job in the management sector. It will enable the students to understand the concepts related to accounting, marketing, operations, human resources, and finance.
When To Do M.Sc Management Course?
Typically, it makes sense for M.Sc Management aspirants to apply for their respective courses immediately after completing their bachelor's degree.
How To Get Admission for M.Sc Management?
M.Sc Management admission is possible through both entrance examination and merit-based selection. Many universities offer direct and entrance exam-based admission to the M.Sc Management course. Candidates applying for the M.Sc Management degree should have their results from the respective entrance exam boards required by the selected/opted universities.
Though the admission process varies from college to college, below are the steps that one should generally go through to get admission.
How to Apply?
The M.Sc Management course applications are available either online from the University website or offline by visiting the university's Admissions Office. In addition, some colleges may conduct interviews before admissions to check if students have good communication skills.
Candidates applying for the Master of Science in Management program should have all the necessary documents before the entrance test, such as degree certificates and ID verification.
Selection Process
The selection process is usually the same irrespective of the specialization. Generally, once the application for the course is received, colleges decide on the final selection of the candidates based on the marks obtained by them in the entrance exams. Additionally, the merit obtained by the candidates in their undergraduate degrees also plays an important role.
Types of M.Sc Management Courses
Aspirants can pursue the MSc Management course in the full-time or part-time mode. Below are the types of MSc Management courses in detail:
Full-Time M.Sc Management
The full-time MSc Management course is typically for 2 years, during which students will have to attend classes in person, submit assignments, and write their exams on campus. The advantage of a full-time Master of Science in Management course is that students will gain a lot more exposure, experience, and knowledge through direct interaction with their peers and faculty.
Part-Time M.Sc Management
The MSc Management part-time course is designed for students who cannot attend regular classes. Part-time courses either entail weekend or night classes or online classes, depending on the type of course. The advantage of the MSc Management part-time course is that students can pursue this course while simultaneously being engaged in employment, research, etc.
Distance M.Sc Management
Many universities and colleges in India offer the Distance MSc Management course and even online MSc Management course. The course is designed keeping the Distance Education methodology in mind. This course is designed for students who cannot afford to attend classes on-campus or those engaged in some form of employment and cannot take time out to pursue a full-time course.
Popular Entrance Exams for M.Sc Management
Entrance exams are a common and popular means for some colleges to have a screening to decide which student must be admitted to the course. Many popular colleges around the country have made a name for themselves by conducting internationally acclaimed research projects.
These colleges often conduct entrance exams, as the demand to enter these colleges is higher than the number of seats available. Listed below are some of the popular exams:
A Quick Glance at the M.Sc Management Entrance Exams
Students can access the MSc Management course details by going to the college's official website to which they are interested in applying. The specialization plays a vital role in the college's approach to the entrance exam. Below listed are some of the general guidelines of the Master of Science in Management entrance examinations:
- The exam pattern includes English, Logical Reasoning, Analytical Thinking, and subject-specific questions.
- The papers are objective and MCQ-based.
- The syllabus, mode of examination, and question pattern may change according to a university/conducting body.
Top 10 M.Sc Management Colleges in India
Below is the list of the 10 best Colleges for M.Sc in Management in India:
|
Sl.No |
Name of the College |
Average Fees (INR) |
|
1 |
4.78 LPA |
|
|
2 |
7.40 LPA |
|
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3 |
4.00 LPA |
|
|
4 |
6.57 LPA |
|
|
5 |
4.87 LPA |
|
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6 |
8.62 LPA |
|
|
7 |
7.50 LPA |
|
|
8 |
2.29 LPA |
|
|
9 |
5.37 LPA |
|
|
10 |
7.45 LPA |
Top M.Sc Management Colleges in New Delhi
India’s capital city is home to some of the best institutions for M.Sc Management in India. Check the table below for the top Msc Management colleges in New Delhi:
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Sl.No |
Institution |
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1 |
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2 |
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3 |
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4 |
Indian Institute of Management |
Top M.Sc Management Colleges in Pune
Pune also has some of the best institutions for M.Sc Management in India. Check the table below for the top colleges for M.Sc Management courses in Pune:
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Sl.No |
Institution |
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1 |
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2 |
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3 |
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4 |
Top M.Sc Management Colleges in Chennai
Tamil Nadu’s capital city is home to some of the premier institutions for M.Sc Management in India. Check the table below for the best M.sc Management colleges in Chennai:
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Sl.No |
Institution |
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1 |
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2 |
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3 |
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4 |
Top M.Sc Management Colleges in Bangalore
The capital city of Karnataka is renowned around the country for colleges offering top MSc Management programs. Check the table below for the best M.Sc Management colleges in India:
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Sl.No |
Institution |
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1 |
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2 |
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3 |
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4 |
Top M.Sc Management Government Colleges
There are several top Government Colleges offering quality M.Sc Management programs across the country. Check the table below for the top M.Sc Management government colleges in India:
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Sl.No |
Institution |
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1 |
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2 |
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3 |
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4 |
Top M.Sc Management Private Colleges
India has seen significant growth in the number of quality M.Sc Management private colleges that offer some of the best programs in the country. Check the table below for the top M.Sc Management private colleges in India:
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Sl.No |
Institution |
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1 |
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2 |
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3 |
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4 |
Fee Structure for M.Sc Management
The M.Sc Management course fee is not fixed and depends on many factors. Some of the factors which affect the M.Sc Management fees include location, faculty, demand, infrastructure, and the facilities available to the students. The average MSc Management fee in India is around INR 25,000 - 25 LPA.
|
Sl.No. |
Name of the College |
Total Fee Structure (INR) |
|
1 |
IIMS |
4.00 LPA |
|
2 |
LIBA |
6.57 LPA |
|
3 |
Sri Balaji University |
4.87 LPA |
|
4 |
Great Lakes Institute of Management |
8.62 LPA |
Syllabus and Subjects for M.Sc Management
The crux of the syllabus is maintained throughout most colleges across the nation, although minor deviations may be observed for a few colleges. Listed below are some subjects that the students get a chance to study:
- Foundations of Management
- Introduction to Accounting
- Marketing & Marketing Management
- Business Performance & Strategy
- Organizational Psychology
Read More: M.Sc Management Syllabus and Subjects
Why Choose M.Sc Management Course?
Some of the common queries that students encounter are, "What is M.Sc Management course?" and "Why M.Sc Management?". To understand the answer to these questions, we can make it simpler by breaking it down into the following three short questions:
What is M.Sc Management All About?
M.Sc Management course is a postgraduate degree awarded to students, usually in a branch of Business Management. The course offers an advanced in-depth study on different techniques and principles of management. Students receive training in marketing and management in an attempt to emphasize the significance of these professionals in the business management sector.
What Does an M.Sc Management Graduate Do?
Since graduates with an M.Sc Management degree possess skills in various subjects, there are career opportunities available in multiple fields for them. In addition, there are many responsibilities that graduates of this role have to undertake, which makes the role very dynamic and diverse.
Project Managers: One of the popular roles undertaken by graduates of the M.Sc Management course is Project Management. Since students gain a deeper understanding of a specific subject when studying M.Sc Management, it helps them pursue Project Management as a career.
Reasons Why M.Sc Management Can Fetch You a Rewarding Career?
Students can gauge the intrinsic worth of an M.Sc Management course because it offers more avenues of employment opportunities than any other stream. Thus, the M.Sc Management job scope is forever widening and appealing.
Diversity in Job roles: There is a diverse range of job roles available for the graduates of this course. Since the specializations available to the students are very flexible, it enables the students to pursue a wide range of roles in their careers.
Read More: M.Sc Management Jobs & Scope
M.Sc Management Course Comparison
M.Sc Management full form is Master of Science in Management and is typically catered to students interested in and inclined towards Computer Management. Below is a comparison of the M.Sc Management course with other courses:
M.Sc Management vs PGDM
The table below showcases the differences between MSc Management and PGDB:
|
Course |
MSc Management |
PGDM |
|
Full Form |
Master of Science in Management |
Post Graduate Diploma in Management |
|
Stream |
Commerce |
Commerce |
|
Course Duration |
2 years |
2 years |
|
Eligibility |
Bachelor's Degree in relevant field with 60% aggregate |
Bachelor's Degree in relevant field with 50% aggregate |
|
Entrance Exams |
GATE, CAT, GMAT, BHU PET |
CAT, ATMA, XAT, CMAT |
|
Top Colleges |
Indian Institute of Technology, Sahyadri College of Engineering & Management, G.D Goenka World Institute |
SP Jain Institute of Management and Research, Indian Institute of Foreign Trade, Amity University Kolkata |
|
Fees |
INR 25,000 - 25 LPA |
INR 3 - 12 LPA |
Read More: PGDM
Preparation Tips for M.Sc Management Course
There are many tips that students must note when deciding to pursue an M.Sc Management degree. Some important preparation tips are listed below to ensure that the students crack the course and pass the exams without any hurdles.
- Improve Vocabulary: Improving vocabulary is necessary as the M.Sc Management course deals with many writing and reading activities. So having excellent communication and writing skills are a plus for the student studying the M.Sc Management course.
- Read and Practice More: Being up to date with the syllabus every day is very important. Practicing and reading more will help the student be thorough with the syllabus and do well in the exams.
- Have Intrinsic Knowledge and Interest in Subjects: Having intrinsic knowledge about the subject and having the same interest will keep the student motivated to learn more than what's in the syllabus.
- Revise Methodically: Revising from time to time can be a key to scoring well in the final exam. Keep revising regularly and understand the subject properly. Revision is the key to scoring good marks.
Scope of M.Sc Management For Higher Education
Students can pursue many specializations under M.Sc Management. There are also many higher study options available for graduate students after an M.Sc Management degree, which can help them better understand the subject. Also, gaining more education can help students pursue a career in research if they are interested in it.
Listed below are some of the popular higher education options available for students:
Salary of an M.Sc Management Graduate
The M.Sc Management salary for the graduates can differ according to the specialization that the aspirants decide to pursue. Other factors that can affect M.Sc Management salary in India include experience, geography, and the industry they are working in.
Graduates can increase their salary by doing internships and work placements as it would add to their experiences. The average M.Sc Management jobs salary for graduates is around INR 2.3 - 10 LPA [Source: PayScale].
Read More: M.Sc Management Salary
Career Options After MSc Management Graduation
There are plenty of jobs available for students looking for a career in Business Management. The job roles will differ based on the specialization that one has opted for. M.Sc Management graduates have abundant job opportunities with good salary packages that include the following fields:
- Management Consultant
- Associate Research Manager
- Project Managers
- Assistant Professor (Management)
- Business Development Managers
- Finance Managers
- Marketing Managers
- Production Managers
Skills That Make You The Best M.Sc Management Graduate
There are many complex and soft skills that M.Sc Management graduates need to possess to succeed in their careers. These are not necessarily skills that students can get in a classroom setting. Instead, these are skills that are learned through experience.
Therefore, students should always put in the effort to go out of their comfort zone and gain as much experience as possible. Some of these skills include:
- Quantitative Analysis Skills
- Research Skills
- Analytical Skills
- The Ability to Work Under Pressure
- Interpersonal Skills
Top Management Entrance Exams
Result Date: Mar 22, 2024
