The M.Phil. in Management program is designed for candidates who want to pursue advanced research at the doctoral level. The M.Phil in Management is a one-year pre-doctoral program divided into two semesters. The Master of Philosophy in Management (M.Phil in Management) is a master’s program that provides a solid foundation in management. It is based on the most recent academic research in the field and sets high academic standards. Research methodology, strategic management, management economics, strategic development, advanced management, and other topics are covered in this course.
The course is appropriate for candidates who want to work in the fields of research, business, or education. In this program, candidates will be taught how to conduct research in a methodologically sound manner. A theory paper and a dissertation are required for the course.
Most colleges admit students to this program based on a written exam followed by an interview, and students must have a master’s degree in relevant subjects with a minimum grade of 55 percent overall.
The course equips candidates with the knowledge and skills needed to think systematically about problems in their respective fields. The research aids candidates in gaining insight into identifying problems and completing difficult tasks. The student should be able to communicate effectively and solve problems, as well as be goal-oriented.
The program places a strong emphasis on current business and management theory and practice. Students develop research skills and capacities in order to keep up with the fast-changing management landscape. General research, methodology, and tools and techniques for management research are all examined in the papers. Accounting, quantitative methods, finance, strategy, operations management, business economics, and organizational behavior and analysis are all covered in this course. The department offers two electives for students to choose from. Financial markets and derivatives, international human resource management, latest trends in OB and HRM, advanced marketing management, management economics, and strategic development are among the electives available.
After earning your M.Phil in Management, you could pursue a successful career as a research assistant, a lab technician, a project manager, or a teaching fellow, to name a few options. M.Phil Management graduates are still in demand, despite the current global economic situation.
M.Phil in Management: An Overview
The following are some of the most popular features of the M.Phil in management degree program, as listed below:
Course Name
MPhil Management
Also referred as
Masters’ of Philosophy in Management
Level of Course
Pre-Doctorate
Duration of Course
1-2 years
Eligibility Criteria
Master’s degree in a related field
Process of Admission
Entrance test followed by an interview
Average Fee for the Course
Between INR 20,000 and 2 Lakhs
Average Annual Salary
INR 2 – 25 Lakhs
Top Hiring Firms
Private sectors, public sectors, corporate firms and educational firms.
M.Phil in Management Eligibility
Students interested in pursuing an M.Phil in management must meet the following eligibility requirements. The minimum grades required for a Master’s degree in a related field may differ from one college to the next.
A master’s or equivalent degree in the relevant subject from a recognized university in India or abroad, with at least a 55 percent aggregate mark, or a grade point of 3.5 on the university grants commission’s seven-point scale, is required for admission to the M.Phil in management programs (UGC).
The minimum eligibility for SC/ST/OBC differently able candidates is a 45 percent average of aggregate marks, or a 2.50 grade point average.
Candidates who are expected to finish all requirements of their final year master’s degree by July 1 are also eligible to apply for the M.Phil in management program. Admission will be conditional in such cases.
If a provisionally admitted aspirant successfully completes the admission formalities, including passing the entrance exam, but fails to score the minimum required marks/grades at the end of his or her master’s degree final year examination, the provisional admission offer will be automatically canceled.
There is no requirement for work experience in the M.Phil in management program. As a result, candidates with one to two years of experience in the field will be preferred.
M.Phil in Management Syllabus
The M.Phil in Management curriculum is divided into two semesters and covers topics such as research methodology, strategic management, management economics, and much more. A semester-by-semester syllabus for the course is listed below.
FIRST SEMESTER
SECOND SEMESTER
Research Methodology
Dissertation/ Project work
Elective*
Grand viva-voce & presentation of project dissertation
Business and Computer Application (BCA)
–
*The candidate has to select one paper from the following electives. Contemporary studies in Marketing (CSM) Contemporary studies in Finance (CSF) Contemporary studies in Human Resource (CSHR)
M.Phil in Management Admission Procedure
Admission to the M.Phil Management program is either through an entrance examination or on the basis of merit. Admission applications can be obtained from the university’s official website or by visiting the admissions office.
You may only apply for an M.Phil in one department using one application form.
To apply for two or more departments, use separate application forms, and each application form must be completely filled out.
Candidates are welcome to apply for the M.Phil. Program in no more than three departments.
M.Phil in Management: Important Documents Required
Research Proposal
A character certificate (from the head of the institute from which the student has obtained his qualifying degree).
Documentary proof of the date of birth
Gap certificate (if applicable)
Migration Certificate (No objection certificate from the university last attended)
Mark-list of the last qualifying degree examination
No objection certificate from the employer (if employed)
passing/degree certificate of the last qualifying degree examination.
Students are reminded that if the above certificates are not included with their application, their application will be rejected.
M.Phil in Management: Focus Areas
It is critical for a student to have complete information about the program that he or she wishes to pursue. One must be very clear about the expectations that one has from the course. As a result, to make the process easier, the following information about the M.Phil in management programs is provided:
The M.Phil in Management program prepares researchers to aspire to higher levels of disciplinary and methodological competence in research.
The program provides the necessary knowledge, skills, and abilities for researchers, academicians, practitioners, and corporations to plan, design, engage, and interpret research data for problem solving and consultancy.
The course also improves students’ ability to think systematically and apply quantitative methods, as well as provides them with the knowledge, skills, and insights they need to identify and solve problems in the management field on their own.
Students pursuing an M.Phil in Management must study both mandatory and optional papers from each area of specialization, such as marketing, economics and finance, human resources, organizational behavior, and others.
Students must complete case studies, presentations, research, and comprehensive and advanced research solutions in order to complete the course.
M.Phil in Management: Important Entrance Exams
The detailed information about each exam in India held for admission to M.Phil in management, including general exam information, important dates, syllabus, preparation tips, and much more.
JNUEE– JNUEE (Jawaharlal Nehru University Entrance Exam) is an entrance examination held by Jawaharlal Nehru University every year to invite applications for various programs. The JNUEE 2020 exam pattern calls for a three-hour examination. The exam will be given entirely online. Candidates are asked MCQ-style questions in the exam.
VITMEE- Candidates who pass this entrance exam will be able to gain admission to VIT University’s Vellore and Chennai campuses. In addition to VITMEE, candidates with GATE scores can gain admission to VIT University’s MTech programs.
CUCET– The Chandigarh University Common Entrance Test is an annual university-level exam that provides aspiring candidates with admission to undergraduate and postgraduate courses in a variety of fields.
LPUNEST-Lovely Professional University (LPU) holds the Lovely Professional University National Eligibility and Scholarship Test (LPUNEST) every year. It is a university-level examination held once a year to admit candidates to various courses offered by the university. Engineering, Law, Agriculture, Design, Hotel Management, and MBA are among the major courses offered by Lovely Professional University.
M.Phil in Management: Important Skills Required
Interpersonal Skills: Setting aside time to get to know team members on a personal and professional level, whether through social activities or team-building training, will go a long way toward earning their respect. You must demonstrate your managerial abilities and authority while also being able to function as a team player.
Communication and motivation: Effective leaders must be able to communicate effectively in all forms, including written, verbal, and listening skills. As a team manager, you serve as a liaison between front-line employees and upper management. You’ll communicate with a wide range of people, from entry-level employees to department heads and CEOs, in a variety of ways, including email and social media, phone calls, and presentations, meetings, and one-on-ones. You’ll need to build trust with your employees so that they feel comfortable sharing information with you, and vice versa. To keep lines of communication open, you must make yourself available and accessible to your employees and discuss any issues or concerns that may arise. Having an open door policy or holding weekly or monthly team meetings should help. Maintain eye contact, smile, and listen attentively to show your employees that they are important. A positive, open attitude goes a long way toward fostering a healthy work environment. Don’t isolate yourself or place yourself on a pedestal. Simple gestures like active encouragement, recognizing achievements, and taking an interest in your employees’ lives ensure that they feel valued. Employees who work in a positive environment are happier and more motivated.
Organisation and delegation: As a manager, you will be expected to juggle multiple responsibilities, so excellent organisational skills are essential. You’ll be responsible for managing your own workload, supervising the work of others, attending meetings and training sessions, conducting appraisals, and reviewing company policies. Sloppy work habits, tardiness, and a general lack of organisation will not be tolerated at this level and will set a poor example for your employees. Organizational skills that are effective reduce stress, save time, and ensure that important deadlines are met. Many managers relieve their own heavy workload by delegating tasks to subordinates. To do this effectively, you must analyse and identify your employees’ skill-sets before assigning duties to each based on their skill set. Delegation is not a sign of weakness; in fact, it can multiply the amount of work that a manager can accomplish while also developing the confidence and skills of the team.
Forward planning and strategic thinking: It is a manager’s responsibility to consider the big picture, so in addition to focusing on today’s tasks and responsibilities, you must also plan for the future. This includes aligning priorities with company goals, reviewing systems and policies, attending training, and managing your team’s CPD activities. As a strategic thinker, you will encourage innovation and change in order to increase the productivity and profitability of your team and the organisation as a whole.
Problem solving and decision-making: In a managerial position, you will be responsible for identifying and resolving problems on a daily basis. This necessitates exceptional attention to detail as well as the ability to remain calm under pressure. When problems arise, you’ll need to think on your feet to make sure that your team is efficient and that the workflow runs smoothly. Creative thinking will assist you in developing innovative solutions that have the least impact on the team and the business as a whole. Thinking on your feet is also useful when you need to make a quick decision about how to complete a task or meet a business goal. It is critical to be able to quickly weigh the pros and cons of a situation and make an informed decision.
Commercial awareness: This skill is in high demand among employers in the business world. Indeed, according to recruiters, the majority of graduates lack commercial awareness. If you want to advance to management, you must first understand the marketplace in which a business operates and what it takes to make a business successful. You must demonstrate this by demonstrating that you:
are aware of the mission and goals of the organisation
understand the sector to which the company belongs,
are aware of the political and economic issues affecting the business, and are able to identify the company’s competitors
Mentoring: Managers must not only be business-focused decision-makers, but they must also be supportive. You have a diverse range of experience, knowledge, and skills if you’ve reached this senior level, and it’s your job to pass this knowledge on and share your expertise with others. This includes training and advising employees, as well as establishing their confidence and skills. In a management position, you’ll be the motivating factor behind team members’ advancement.
M.Phil in Management: Top Institutes
M.Phil Management is offered by a number of colleges and universities in India, with some of the top colleges and institutes listed below, along with the respective average annual course fees charged by each.
The most important factor for a student to consider when deciding factors responsible for success in any entrance exam is to be well aware of the most recent exam pattern. To properly prepare for the M.Phil Management entrance exam, candidates should keep the following points in mind while preparing for the exam:
Before beginning your preparation, conduct some research by reviewing the entire syllabus as well as previous papers.
Prepare easy chapters first when preparing; many times, people get stuck in difficult chapters that take too much time to complete.
Quantitative Aptitude, Verbal Ability, Logical Reasoning, General Ability, and Current Affairs will be included in the current entrance examination.
You can look at previous year papers for M.Phil Management entrance exams to get an idea of the types of questions that will be asked.
You can also administer practice tests to assess your preparation.
Your percentage in a Bachelor of Science degree in a relevant discipline should meet the university’s eligibility requirements.
You should have an inquisitive mind because nearly all university admissions officers look for evidence of an inquisitive mind in a student’s applications.
Examine previous year’s papers to improve your time management skills for entrance exams.
If you have the option, take as many specialized classes as you can handle in high school, such as college prep, advanced placement, honors, and international baccalaureate courses. Not only can these types of courses help you earn college credits, but getting good AP test scores can dramatically improve your chances of acceptance.
Keep up to date on application form deadlines by visiting websites, newspapers, and magazines.
M.Phil in Management: Top Job Profiles
The various types of high-paying and promising job opportunities available to M.Phil in Management course aspirants could lead to a successful career. Listed below are some of the popular job opportunities available to M.Phil Management graduates, as well as the corresponding job duties and salaries associated with each role.
Profile of Job
Description of Job
Average Annual Salary
Researchers
Research officers and managers frequently create research schedules to monitor the activities of research teams, supervise research projects from the early planning stages to project completion, communicate with team members, and ensure that all projects and tasks are completed on time. The majority of research officers and managers provide project updates to supervisors and other committees.
INR 6.7 Lakhs
Human Resource Manager
A Human Resources Manager is in charge of an organization’s daily administrative functions, which include staffing, strategic planning with top executives, and dealing with employee questions and concerns. Because a Human Resources Manager is frequently the point of contact between upper management and all other employees, they play an important role in developing and sustaining company culture through the hiring process and employee relations.
INR 7.12 Lakhs
Finance Advisors
Financial advisors assist their clients in planning for both short-term and long-term financial goals, such as purchasing a home, funding their children’s education, and retiring. They may also offer their clients investment, tax, and insurance advice. Financial advisors spend a significant amount of time researching and analyzing investment opportunities, as well as meeting with clients and potential clients to discuss investment strategies.
INR 3.74 Lakhs
Management Consultants
A management consultant assists a company or government entity in planning and carrying out projects with the goal of becoming more profitable or competitive. A management consultant’s responsibilities include assisting organisations in problem solving, creating value, maximizing growth, and improving business performance.
INR 11.34 Lakhs
Academic Professors
Academic professors must develop curricula and deliver course material, conduct research, fieldwork, and investigations, and write up reports, publish research, attend conferences, deliver presentations, and network with others in the field, travel to other universities or academic settings to participate in learning opportunities and gain experience, and participate in committee, departmental, and faculty meetings.
INR 3.89 Lakh
M.Phil in Management: A Comparison among Institutes
A comparison of some of the best colleges offering M.Phil in Management programs has been conducted. The comparison is based on the NIRF 2020 ranking, the admission process, the annual fees, the average salary, and the top recruiters.
Basis of Comparison
Jamia Millia Islamia
Goa University
Babasaheb Bhimrao Ambedkar University
Highlight
Students can pursue Undergraduate, Postgraduate, Diploma, and Distance Learning degrees at Jamia Millia Islamia. The institution has a long history and is well-known for being culturally rich and elegant. Many foreigners were impressed by the university, and many of them eventually became students there.
The university was founded in 1985 and is one of the few in the country that offers Western languages such as Portuguese, French, and others. It is affiliated with over 55 colleges in the state, 29 of which offer general education and the rest offer professional education enrollment.
Babasaheb Bhimrao Ambedkar University (BBAU) Lucknow is a Central University that was founded on January 10, 1996. UGC has given its approval to the university. The University places a special emphasis on promoting the educational and economic interests and welfare of the people in general, and members of the SC/ST community in particular.
The M.Phil management program is one of the best courses for students who want to work in the business management field because graduates will have to go through the necessary training and gain the necessary skill set to work efficiently.
The M.Phil in Management program teaches you how people behave in organizations, as well as the nature of power, influence, and leadership.
Management provides the tools for success, whether you want to be self-employed, an entrepreneur, run your own business, or work for a private company, a non-profit organization, or the government.
Investigate the issues that individuals and organizations face in the workplace today. There are numerous reasons for pursuing an M.Phil in management.
Students will be able to learn how to manage a corporate account’s finances as well as other skills, such as how to make decisions on a limited budget or how to distribute bonuses.
In the M.Phil Management program, you will have numerous opportunities to collaborate with your peers, gain insights from other students, and work out any challenges or questions you may have with the program’s educators.
Because of the numerous management streams, the career opportunities in this field are numerous, involving a rich and most desirable future in the top most MNCs and banks, and at strong positions with some great responsibilities, making the management sector one of the best streams to look forward to.
The job offer after M.Phil Management typically includes a high salary and opportunities to advance up the company ladder, which is what drew the student to pursue an M.Phil course in the first place.
Depending on the management college, location of work, industry desired, and previous working experience, one can expect to earn anywhere from 2 lakhs to 25 lakhs per year.
Banks, credit rating agencies, investment agencies and financial advisory services, consulting firms, marketing companies, IT organisations, and even niche industries such as hotels, hospitals, and pharmaceuticals are all possible places to work.
Mohit Dhulia
