Over time, the world’s educational system has embraced many degrees, like MMS degree, MBA degree. These degrees are specific depending on the course learnt or skilled acquired.
This article will talk about an MMS degree, MMS vs PGDM, the benefits of getting an MMS degree and many more.
What is MMS degree?
Master of Management Studies (MMS) is a post-graduate management programme that lasts for two years. The degree received after the MMS program is called “MMS degree” approved by AICTE (All India Council for Technical Education).
MMS program is sometimes called MBA, as some universities call their PG management programme “MBA,” others call theirs MMS. Most of the Maharashtra Universities in India offer MMS programs and MMS degrees instead of MBA programs and degrees.
With the aid of the MMS program and MMS degree, individuals can develop their business management skills and take important training to make a career in business management.
The MMS program and MMS degree is a gateway to various job opportunities in almost all industries. This is because the idea of business management is needed for business owners (doctors, engineers, humanity, and so on) to be significantly successful in any field. Also, note that the MMS programme is open for all and can be gotten right after graduation.
How long does it take to get MMS degree?
Many programs have different duration to acquire a degree in them. Sometimes, they may take four years, six years, or even seven years. This largely depends on the type of course.
For a typical MMS program, it takes two years to get the MMS degree. This degree is recognized anywhere during job hunt as other degrees are recognized too.
The duration for the degree is two years which are divided into six (6) semesters. Incorporated in the syllabus for the two years are theory classes, practical projects and internships.
The basics of business administration and business management are usually included in the first year of the MMS program. However, subjects and topics that will take care of this are designed to enable the teaching and learning processes.
After the first year, the candidates are given a list of options to take lessons on, to study a specialization. Those options include Marketing, Sales, Human Resources, Operations and Finance.
Differences between MMS and MBA
Even though MMS and MBA (Master Of Business Administration) are regarded as degree programs offered by universities, there is a slight difference between them.
While the MMS program incorporates business management and business administration in its curriculum, the MBA program only offers courses in business administration.
It is most likely to find students of the MMS program who are versatile in every facet of life and any field. They learn the essentials of sales and marketing in business in the second year of the curriculum and administration and management.
But, the MBA program is only limited to administration courses. Hence, students who take a course in the MBA program may not understand other relevant courses in-depth.
Schools to get MMS Degree
It is a known fact that every degree received is gotten from an institution based on the type of courses taken.
However, some countries are well noted to be specific while issuing some degrees. This is because the university takes into consideration the courses they choose to offer.
Unlike many universities, India is a country that is majorly known to offer MMS degrees. This is partly due to their passion for business management courses.
Also, it is known around the globe that most of the Maharashtra Universities in India offer MMS degrees and courses.
PGDM VS MMS DEGREE
Each of these programs deals with business management and business administration concepts. Even though these programs differ by terminology, the core subjects and curriculum remain the same.
The major difference between these programs is that while MMS is a degree program, Post Graduate Diploma in Management (PDGM) is a diploma program.
Another difference to note is that universities offer the MMS program and is affiliated with the University Grants Commission (UGC) while private or autonomous institutes offer PGDM, they are generally affiliated with the All India Centre for Technical Education (AICTE).
Read this: Is a Business Degree worth it? (Best answer)
Benefits of MMS Degree
There are ample opportunities one can get after completing the MMS program and acquiring an MMS degree. The most common and popular one is to get a placement in one of the top league companies in functions and roles such as HR, Manager in Finance, Management Consultant, Senior Executive in Finance, Sales and Marketing.
Students who want to be entrepreneurs can work towards starting their ventures as well as building them.
Students who run family businesses can choose to join the business and create more ideas to ensure effective and consistent growth in the business.
However, students with high intellectual abilities can pursue a role in research or teaching in colleges and higher institutions.
The MMS degree/program is not limited to a specific set of people. It is open to everyone, no matter their fields. It is highly recommended for people that want to know the basics of business administration and management, sales and marketing.
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