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M.Phil. Or Master of Philosophy in Management is a postgraduate research program which takes two academic years to complete. It entails higher learning and exhaustive scholarly work within a specified field of management such as Finance, Marketing, Human Resources, or Operations. To obtain the degree, students have to carry out their own research under the supervision of a professor and write a dissertation at the end. Course work educates the students in research techniques while the dissertation assists in cultivating research skills.
It includes passing national or university level tests such as UGC NET, CEET, university research eligibility tests and interview to assess the research capability. Candidates having 55% marks at Master’s level with a sound academic background are preferred. Relevant work experience is also taken into account. Entrance test and interview play important part and final selection is done on basis of performance in these tests along with consistency in academic performance and job history. It prepares students for higher level research oriented careers in the academia or in industry.
| Feature | Details |
|---|---|
| Full Form | Master of Philosophy (Management) |
| Duration | 1-2 years |
| Course Level | Postgraduate |
| Eligibility | Master's degree in Management or a related field with a minimum required percentage |
| Top Colleges | Indian Institutes of Management (IIMs), Xavier Labour Relations Institute (XLRI), Faculty of Management Studies (FMS), Delhi, Symbiosis Institute of Management Studies (SIMS) |
| Entrance Exam | Varies by college, may include CAT, XAT, GMAT, or institute-specific entrance exams |
1. A candidate should possess a Bachelor’s degree in any field with at least 50% marks or an equivalent CGPA from any recognized university.
2. Pass marks in any national level management entrance examination such as CAT/MAT/GMAT or any state level examination.
3. In most cases, the candidates who are shortlisted are required to sit for an interview and/or a written test administered by the institute.
4. There may be certain institutes that prefer candidates with prior work experience in the relevant field.
5. As for the age factor, there are no restrictions as to how young or old one can be in order to follow this course.
6. This means that in addition to the above mentioned requirements, candidates have to meet any other requirements as set by the institute of their choice.
| Subject | Important Topics |
|---|---|
| Management Theory | Evolution of Management Thought, Organizational Design, Strategic Management |
| Research Methodology | Research Design, Data Analysis Techniques, Thesis Writing |
| Advanced Management Topics | Human Resource Management, Marketing Management, Financial Management, Operations Management |
| Elective Subjects (may vary) | Entrepreneurship, Organizational Behavior, International Business, Information Technology Management |
| Job Role | Average Salary Range (INR) |
|---|---|
| Management Consultant | 70,000 - 1,50,000 |
| Business Analyst | 50,000 - 1,00,000 |
| Project Manager | 60,000 - 1,20,000 |
| Human Resource Manager | 55,000 - 1,10,000 |
| Marketing Manager | 60,000 - 1,20,000 |
| Financial Analyst | 65,000 - 1,30,000 |
| Operations Manager | 70,000 - 1,40,000 |
| Business Development Manager | 60,000 - 1,10,000 |
