MMS Syllabus & Subjects List 2025: Download Semester-wise Syllabus PDF

Pallavi Priyadarshini PandaContent Writer
The Master of Management Studies (MMS) is a two-year postgraduate degree. It is equivalent to an MBA degree and prepares students for careers in business management and entrepreneurship across industries. The MMS syllabus includes subjects and topics that impart knowledge related to theories and practices across several aspects of management, allowing students to take a holistic approach to actual events and conditions. Read below all about MMS syllabus.
MMS Syllabus: Important Facts
- MMS Course Duration
The MMS course has a duration of two years divided into four semesters. It is a postgraduate program that focuses on developing management skills.
- MMS Specialisations
As MMS is a postgraduate course, there are several specialisations offered in the second year of the program. Students can opt for their preferred specialisation from amongst Finance, Marketing, Human Resources, and so on.
- MMS Syllabus and Curriculum
Majority of the MMS program includes coursework with core and elective subjects. However, students must also undergo internships during the program in the final year to receive the necessary credits for course completion.
- MMS Career Scope
MMS graduates have a diverse range of work options. Graduates can apply for positions in a range of management areas including business consultancies, multinational corporations, industries, financial organisations, and academic institutions.
MMS Syllabus: List of Subjects
Core Subjects in MMS Syllabus
Given below is the table indicating core subjects included in MMS syllabus and their brief description.
|
Subject Title |
Subject Details |
|---|---|
|
Perspective Management |
The subject exposes students to different ways of understanding organisations and approaches to managing the people who work in them. |
|
Business Research and Quantitative Methods |
Students learn about research for businesses and better awareness of business research methods, research design, collection and analysis of data, and the usefulness of statistics. |
|
Managerial Economics |
This subject deals with the fundamentals of managerial decision making, microeconomic theory, supply and demand, limitations of markets, and the global economy. |
|
Operations Management |
Students learn about productivity and competitiveness of organisations, practices of operations management, effective production and operations strategy. |
|
Organisation Behaviour |
The key to effective management is leadership and efficient organisation behaviour. This subject discusses behavioural science, social psychologand business practices. |
|
Business Laws |
This subject offers students with awareness of the legal environment in which consumers and businesses function, as well as understanding of legal concepts. |
|
Operations Research |
This subject seeks to familiarise students with quantitative resources and procedures that are commonly used in corporate decision-making, as well as to give a systematic quantitative perspective to problem solving. |
|
Macroeconomic Analysis |
The subject's goal is to teach students how to identify the causes of different macroeconomic variables like production, unemployment, pricing, and efficiency, as well as the key issues associated with measuring these aggregates. |
|
Corporate Finance |
The subject introduces methods that create a framework for logical judgement. The purpose of this subject is to build analytical abilities as well as to demonstrate the direct implementation of economic theory and research. |
|
Marketing Applications and Practices |
The focus of this application-oriented subject is to teach students advanced advertising & distribution theory and practise, as well as to acquire knowledge and skill for efficient market strategy and execution. |
|
Supply Chain and Logistics Management |
Through this subject, the focus is to teach students the principles and essentials of supply chain, as well as its numerous components such as logistics, supply planning, and distribution network. |
|
Strategic Management |
Students learn to recognise opportunities, dangers, and strengths and weaknesses in the operational environments of fictional and real-world firms, differentiate between various types and degrees of plan and strategy execution. |
Elective Subjects in MMS Syllabus
Given below is the table indicating core subjects included in MMS syllabus and their brief description.
|
Subject Title |
Subject Details |
|---|---|
|
Econometrics and Quantitative Models in Finance |
Students are taught fundamental scientific investigations in economics, foundational data analysis, regression analysis, assessment, and forecasting through this subject. Its goal is to introduce students to basic and new concepts in finance, marketing, and operations. |
|
International Finance |
This subject intends to give students a fundamental grasp of how international financial markets function, as well as an awareness of exchange rates and why currency values vary. It teaches students the ways to manage risk in global markets. |
|
Service Marketing and Retail Management |
The subject aims to investigate the critical challenges confronting service operators and to successfully apply a customer-focused approach in service-based enterprises. |
|
Sales and Distribution Management |
The subject's goal is to give a customer-centred perspective to the manufacturing and distribution sector. The subject uses the Indian context as a foundation, but also reflects on case studies. |
|
Consumer Behaviour |
The subject focuses on the psychological elements of marketing management. It describes how markets and consumers respond in different situations, as well as how cultural, societal, individual, and psychological aspects impact their behaviour. |
|
International Human Resource Management |
The goal of this subject is to give students information and comprehension of IHRM, and the capacity and abilities to evaluate international HRM in modern organisations. |
|
Operations and Supply Chain Strategies |
The subject covers the notion of strategic planning and its different elements, as well as how they connect to the firm's general business plan. It demonstrates how operations strategy relates to providing value to customers and assists in identifying the various ways in which operations strategy may give a comparative edge to the company. |
Detailed Syllabus for MMS
The MMS program is divided into four semesters, consisting of core and elective subjects from the business and management discipline. Students can choose their preferred elective subjects to study in the second year of the course. Given below is the details of MMS syllabus:
|
Semester |
Core/Elective |
Subject Title |
Subject Details |
|---|---|---|---|
|
1 |
Core |
Perspective Management |
This subject helps students to understand the needs for traits and competencies, basic principles of management, and the development of theories. |
|
Core |
Business Communication |
Students learn about communication tools, interpersonal communication methods and written communication through this subject. |
|
|
Core |
Business Statistics |
The subject deals with statistical techniques, data representation, probability, random variable, and sampling distribution. |
|
|
Core |
Business Laws |
Students learn about business in a legal environment, the Indian legal system, contracts, and cheques in this subject. |
|
|
Core |
Managerial Economics |
The subject discusses demand and supply, trade and types, monopoly, optimization of economic quantities, demand analysis, production and market analysis. |
|
|
Core |
Corporate Social Responsibility Business Ethics Corporate Governance |
Corporate Social Responsibility Business Ethics Corporate Governance |
|
|
2 |
Core |
Business Environment |
Understanding the business environment is an important aspect of management. This core subject lays emphasis on the economic markets, federal budget, and world economy |
|
Core |
Business Communications |
Through this subject, students learn about effective communication techniques, and creating business communication plans |
|
|
Core |
Management Science |
The optimisation techniques associated with business management are discussed in this subject. |
|
|
Core |
Research Methodology And Market Research |
The importance of business research in decision making, sampling process, data collection, market research, and report writing are discussed in this subject. |
|
|
Core |
Taxation- Direct and Indirect |
Students learn about the tax aspects of business, direct taxes, carry forwards, charging methods, returns and assessment. |
|
|
3 |
Core |
Strategic Management |
The subject deals with the aspects of strategic thinking, strategic formulation, tools for strategy, global markets, and strategy evaluation. |
|
Core |
International Business |
Students learn about international management and develop an analytical ability to attain an insight into International management contexts. |
|
|
Core |
Security Analysis and Portfolio Management |
Through this subject, students learn about securities, efficient market hypothesis, equity research and valuation, and fixed income security analysis. |
|
|
Core |
Derivatives and Risk Management |
Students learn about derivatives, forwards and futures, mechanics and properties of options, option trading strategies, risk management, and options volatility. |
|
|
Elective |
Financial Markets and Institutions |
The subject discusses the basic components of the Indian financial system, the role of the central bank, stock exchanges, and foreign exchange markets. |
|
|
Elective |
Investment Banking |
The subject deals with market and security issues, domestic issue management, mergers and acquisitions, corporate restructuring, and global capital market offers. |
|
|
4 |
Core |
Project Management |
Students learn about the overview of project management, project planning, scheduling, earned value analysis, and computer applications for project management. |
|
Elective |
Commercial Banking |
The subject introduces banking operations, banking products, legal aspects of banking, rural banking, risk management, capital adequacy norms, and treasury. |
|
|
Elective |
Business Analytics |
This subject focuses on statistics for business analytics, such as central tendencies and dispersion, advanced excel, using R studio, and data mining basics |
|
|
Elective |
Strategic Information Technology Management |
Students understand emerging trends of information technology to devise organisation strategy through this subject. |
Specialisations Offered In MMS
After the first year of MMS, students must choose their desired specialisation. Students will be able to steer themselves to the professional route that they wish to take by selecting the appropriate specialisation. Specific activities and internships linked to their specialisation will also be required of students throughout their academic years. MMS specialisations include the following:
|
MMS Specialisation |
MMS Specialisation Subjects |
Subject Details |
|---|---|---|
|
Finance |
|
Finance specialisation will assist students in developing an emphasis on the creation and handling of financial resources in any sector. They will be allowed to understand how to tackle management challenges in a company, including dealing with money and investments. |
|
Marketing |
|
Students study sales and marketing, executive and leadership management abilities, market strategies, product management, market research, and consumer trends, among other things. They will also be able to recognise market choices based on need, competition, economics, and other factors. |
|
Operations and Supply Chain Management |
|
Through this specialisation, students will understand how to plan, construct, and oversee resource capabilities utilised by businesses to provide services or goods. This will also benefit students' organisational behaviour and commercial operations. |
|
Human Resources |
|
Learners in this specialisation receive instruction in workforce management. They also learn about human resource development methods. The emphasis is on ensuring that students understand their roles and responsibilities in an organisation and assist in the development and management of their culture. |
|
System and Digital Business |
|
With this specialisation, students develop the abilities needed to flourish by learning about information databases, data processing software systems, and analytical and quantitative measurement methodologies.
|
Books and Authors Related to MMS
There are several course books and reference books to refer during the MMS programme. These include books from famous authors and industry experts. Given below is a list of books for the core and elective subjects of the MMS program:
|
Subject |
Book Title |
Authors |
Description Of The Book |
|---|---|---|---|
|
Perspective Management |
Management (14e)
|
Robbins, SP, & Coulter, M |
Various aspects of perspective management are discussed in this book. These include the methods that help to elevate the position of a business. |
|
Business Research and Quantitative Methods |
Research Methods for Business: A Skill–Building Approach
Business Research Methods |
Uma Sekaran and Roger Bougie
Pamela Schindler |
These books focus on the quantitative methods of business analytics. It includes the processes of business research through tools and programs for definite results. |
|
Managerial Economics |
Business Economics |
Mark Taylor, Andrew Ashwin, N Mankiw |
The book lays emphasis on the problems and challenges faced by business managers and the ways to solve such meagre and vast problems on a daily basis. |
|
Accounting: Financial, Costs, and Management |
Horngren's Accounting
Cost Accounting |
Tracie L Miller-Nobles, Brenda L Mattison, Ella Mae Matsumura
MY Khan and PK Jain |
These books focus on the foundation of accounting, the basics of cost accounting, and financial management. |
|
Marketing Management |
Principles of Marketing |
Philip T Kotler and Gary Armstrong |
The book discusses the basics of marketing, important principles of marketing, consumer value creation, and the process of marketing for managerial experts. |
Entrance Exams for MMS
Entry to MMS is based on common entrance exam score, personal interview and group discussion. To pursue MMS, candidates have to clear the relevant MBA entrance exam. Candidates are chosen for personal interviews and group discussions based on their minimal score criterion. Candidates who pass the personal interview and group discussion are offered admission.
The MMS entrance exams include CAT, XAT, CMAT, MAT, MAH CET, and NMAT by GMAC. All these exams are the entrance exams for MBA admission and include Verbal Ability and Reading Comprehension, Data Interpretation and Logical Reasoning, and Quantitative Ability.
MMS Syllabus for Distance Program
The MMS distance programs are appropriate for those who desire to expand their understanding of business management topics and further their careers in the business sector.
The curriculum for both, full-time courses and distance learning is the same. However, the syllabus may vary as per the specialisation chosen by the student. The average fee for full-time MMS program is INR 3 to 4 lakh (government institutes) while that of distance programs is under INR 2 lakh (government institutes) for most colleges.
FAQs on MMS Syllabus
Q: What is the difference between MMS, MBA and PGDM?
A: All of these programmes are post graduation courses in business management. While the terminology varies from programme to programme, the basic courses and curriculum do not. The primary distinction between these programmes is that, although MMS and MBA are degree programmes, PGDM, or Post Graduate Diploma in Management, is a diploma programme.
Q: Is the MMS course only available in Maharashtra colleges?
A: Yes, MMS is mostly available in the state of Maharashtra college. MMS is offered by B-schools registered with the Directorate of Technical Education (DTE) Maharashtra or those associated with the University of Maharashtra. There are, however, a few institutes in other states too that offer MMS programme.
Q: Which are the top B-schools offering MMS?
A: Jamnalal Bajaj Institute of Management Studies (JBIMS) in Mumbai, Sydenham Institute of Management Studies and Research and Entrepreneurship (SIMSREE) in Mumbai, and KJ Somaiya Institute of Management Studies and Research (KJSIMSR) in Mumbai are among the top B-schools for MMS in Maharashtra.
Q: What are the core subjects included in MMS syllabus?
A: The core subjects for MMS include Perspective Management, Financial Accounting, Operations Management, Organisational Behaviour, Business Communication, and Financial Management.
Q: What are the elective subjects included in MMS syllabus?
A: The typical elective subjects for MMS include Cost & Management Accounting, IT Skills for Management and Technology Platform, Developing Teams & Effective Leadership, and Management Information Systems.
Q: Are specialised MMS programs offered in India?
A: Yes, specialised MMS programmes are available at numerous MBA institutes in India. Finance, Human Resources, Sales and Marketing, Operations, Business Analytics, Healthcare, Information Technology and Systems are among the top specialisations in MMS. There are many varieties. You can choose any.
Q: Does the MMS curriculum include internships and industry exposure?
A: Yes, the MMS curriculum Includes summer internship, company visits, guest lecturers, alumni gatherings, and other experiences that help students in developing a strong professional foundation even before they begin their jobs as management graduates.
Q: Can I pursue a PhD after completing MMS?
A: Yes, an MMS student can pursue a PhD after completing the course. PhD candidates must hold a Master's degree, according to the qualifying criteria. Because MMS is a degree programme, students are eligible to pursue a PhD.
Q: Is MMS equally valuable as an MBA or PGDM?
A: The industry considers MMS to be worth the same as an MBA or a PGDM. The course content is identical to that of the MBA and PGDM, and students receive substantial industry exposure as well as three-month summer internships.
Q: What are the common entrance exams to be taken for admission to MMS courses?
A: Some of the common entrance exams for admission to MMS courses include CAT, XAT, CMAT and NMAT.
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