MPhil in Management: Everything You Need to Know

MPhil in Management: Everything You Need to Know

MPhil in Management is a 2-year program consisting of two semesters of theoretical studies followed by a year of compulsory MPhil dissertation. The MPhil program focuses on the academic research part of Management and acts as a gateway to pursue Doctoral education.

It is an intermediate course pursued after post-graduation and before PhD. Though it is not compulsory to do an MPhil in Management to do PhD in most of the universities, it does act as good exposure to advanced research work.

  • Do your masters from abroad

Top Institutes for MPhil in Management

Some of the top institutes offering MPhil in Management in India are:

·        Indian Institute of Management, Bangalore (IIMB)

·        Indian Institute of Foreign Trade, New Delhi

·        Xavier’s Labor relations Institute, Jamshedpur (XLRI)

·        Indian Institute of Management, Ahmedabad (IIMA)

·        Department of Management Studies IIT, Delhi (DMS-IITD)

·        Department of Management Studies IIT, Roorkee (DMS-IITR)

·        Indian Institute of Management, Raipur (IIM)

·        NIT Trichy, Tiruchirappalli

·        NIMS University, Jaipur

·        Christ University, Bangalore

Course Insights

Name

MPhil in Management

Course Duration

1-2 years

Session type

Semester wise

Level of degree

Pre-doctoral degree

Eligibility

Minimum 55% marks in masters degree

Entrance based

Yes

Interview

Compulsory personal interview after clearing entrance

Average tuition fees

Ranges from 10,000-3,00,000 per annum

Average Pay Scale

4-6 lakhs per annum

Most popular sectors

Public and private firms, Research and Development institutes, Education Institutes, Management Consultant

MPhil in Management Eligibility:

To apply for MPhil in Management in any college in India, you need to fulfill the following eligibility criteria:

·        A second class master’s or equivalent degree in the relevant subject from a recognized institution.

·      A minimum score of 55% or a Grade Point of 3.5 out of 7 (as per the guidelines directed by UGC)

·        In case of applicants with reserved quota (SC/ST/OBC-NCL), the minimum percentage of eligibility is 45% or a grade point of 2.5.

Admission in MPhil in Management

Admission in MPhil Management is done through an entrance test which is followed by a personal interview. The exam is supposed to test your academic knowledge and your analytical skills. Each college has its own entrance test. Check the official website of the institute for more details.

MPhil in Management Course-Specifications

The MPhil in Management program is typically of 1-2 years. A one year program consists of two semesters- one of theoretical studies and the other one of academic research.

S.no

Semester

Credits

 

Semester-1

1.

Research Methodology (RM)

4

2.

1 Elective Subject

4

3.

Business and Computer Application (BCA)

4

 

Semester-2

1.

Dissertation / Project Work

8

2.

Grand Viva-voce & Presentation of Project / Dissertation

4

 

Total

24

Job Prospects after MPhil in Management

There is an ample amount of career opportunities that can be chosen after pursuing MPhil in Management. The average salary package of a fresher is 4-6 Lakhs per annum. Though, it depends upon your inclination towards the kind of stream and skill-set.

We will look through some career options that you can choose after completing MPhil in Management:

1.     Management Consultant (8-15 Lakhs per annum)

The job of a Management Consultant is to manage the client’s business needs and make the work adapt to it. It can include the development of core strategy, introducing new processes, introducing new technology to the team etc.

2.     Financial Advisor (3-6 Lakhs per annum)

As the name suggests, a Financial Advisor analyses the market and studies the financial condition of the client and invests their money to the best use possible.

3.     HR Manager (4-7 Lakhs per annum)

An HR Manager can perform several tasks as it is an authoritative job; a few of them could be taking interviews, staffing, maintaining employer-employee relations, ensuring work-safety and taking care of promotions.

4.     Research Officer (5-8 Lakhs per annum)

A Research Officer’s job is to collect, organize and analyze data on the required topics and use the results to predict trends and give conclusions.

FAQs:

Q1. Can I do MPhil without doing Masters?

A1. No. A master’s degree is required to stand eligible to apply for MPhil.

Q2. Is MPhil compulsory for PhD?

A2. No, MPhil is not compulsory for PhD. A PhD will require either a master’s degree or a four-year bachelor’s along with extensive research. Though, MPhil can be a gateway to PhD as it strengthens the academic research area.

Q3. Is MPhil getting discontinued?

A3. PM Narendra Modi announced on July 29, 2020, that MPhil courses will not be a part of National Education Policy (NEP). This step has been taken to align the degree program with western academic programs.

Q4. What are the benefits of MPhil in Management?

A4. Pursuing an MPhil will give you an advanced research experience and skills. This can prove to be an asset while applying for jobs. It gives you an edge in the work sector.

Q5. Is MPhil better than PhD?

A5. A PhD is the highest degree of honour a university can give while an MPhil is an intermediate degree. In terms of that, PhD is better than MPhil but the skills and experience learnt in an MPhil hold more value in the corporate sector than that of a PhD. The experience and knowledge gained by a PhD mostly have value in the academic sector.

Q6. What is the scope after pursuing MPhil in Management?

A6. There is a wide spectrum of opportunities that you can opt after doing MPhil in Management. Few of them are public and private firms, research and development institutes, education institutes, management consultancy, finance advisory etc.

  • Do your masters from abroad

Q7. Is there an entrance exam for MPhil in Management?

A7. There is no common entrance test for MPhil in management. Every university conducts its own entrance exams. Check out the official websites to get more info. Some of the entrance exams are as follows:

·        Jawaharlal Nehru University Entrance Exam (JNUEE)

·        Chandigarh University Common Entrance Test (CUCET)

·        Vellore Institute of Technology  Masters Entrance Exam (VITMEE)

·        Lovely Professional University National Eligibility and Scholarship Test (LPUNEST)

Does MPhil in Management sounds like the perfect course your career needs at this point of time? Get in touch with ForeignAdmits today to make your way to the college of your choice.